A limited partnership is an organization that has both general and limited partners. The general partner handles the daily business activities and is held accountable for the company's operations, while the limited partner is only responsible for the amount of money invested in the partnership.
Below are the limited partnership advantages and disadvantages.Advantages of Limited Partnership
1. Liability Protection: Limited partners' liability is restricted to their invested capital, and they are not responsible for the company's debt. 2. Secure Investment: Limited partners' investments are secured because they can't lose more money than they contributed to the project.
3. Profit Sharing: Limited partners can make as much money as general partners since profits and expenses are shared by all partners.4. Expertise: General partners' experience and knowledge enable them to manage the company, while limited partners only contribute capital.5. Taxes: Limited partnerships are taxed only once because they are regarded as pass-through entities.
Disadvantages of Limited Partnership1. Involvement Restrictions: Limited partners must obey strict and unique regulations for their involvement in the business.2. Investment Risk: If the partnership fails, limited partners may lose their investments in the business.
3. Limited Growth: Limited partnerships are typically used in short-term projects or special circumstances and are not always suitable for full-time businesses.4. Formalities: Limited partnerships necessitate more strict filing formalities since more people are generally involved, though not all co-owners are responsible for everyday operations.
5. Ownership Transfer: Ownership can be more difficult to transfer between partners if something happens to a general partner.6. Flexibility: Limited partnerships are less flexible than general partnerships regarding changing or assigning different management roles.
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Chapter Two Mini-Case Discussion (from textbook):
Is a Franchise Right for Me?
Based on the projected occupancy, average rate, and the fees associated with the franchise, should Tom become a franchisee, or should he
pursue other options? Explain your decision?
Tom can become a franchisee.
At 60% occupancy, his projected daily rate is 55$, resulting in a monthly income of 148500$. Deducting the royalty fee and license fee of 5% of profits and the program cost of 4% of income from the sum of 13365$, we receive 135135$. He has monthly earnings of $90135 after further lowering the licensing costs of $45000. Even if he decides to pay 10% or more in extra charges for a full-service hotel, he will still make a significant profit because the return on his investment will be high.
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Your British business has been recruited to construct a bridge
in rural Malaysia. Discuss how the Larson and Gray's concept of
external factors might be used to assure project success.
Larson and Gray's concept of external factors for project management that can have an impact on project management are initiation, planning, execution, monitoring, control, and closure.
Political Environment Political stability is necessary for any successful project. Political risk is low in Malaysia, making it an attractive country for investment. Infrastructure and technological advancement Malaysia has well-developed infrastructure and telecommunications networks. Good infrastructure can make the construction of the bridge more efficient. Competitive Environment Due to the lack of competition, foreign companies may face difficulties in establishing themselves in Malaysia. Legal Environment The legal system in Malaysia is based on English Common Law. The presence of international law firms makes it easier for foreign businesses to operate. Natural Environment The weather in Malaysia is hot and humid, with the monsoon season lasting from November to February
Supply Chain Availability A lack of infrastructure in rural areas can affect the supply chain. The project needs to have a clear supply chain plan to ensure that the materials are available when needed. Labor Availability Local labor laws and practices need to be taken into account while recruiting the workforce. In conclusion, the Larson and Gray's concept of external factors can help ensure the success of the bridge construction project in rural Malaysia.
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if the marginal propensity to consume is 0.50, by how much will real gdp change in response? enter your answer in billions of dollars.
If the MPC is 0.50, a $100 billion increase in disposable income will lead to a $200 billion increase in real GDP.
If the marginal propensity to consume (MPC) is 0.50, it means that for every additional dollar of disposable income, 50 cents will be spent on consumption. The remaining 50 cents will be saved.
To calculate the change in real GDP in response to an increase in disposable income, we need to use the following formula:
ΔY = 1 / (1 - MPC) x ΔDI
where:
ΔY = change in real GDP
MPC = marginal propensity to consume
ΔDI = change in disposable income
If we assume that there is an increase in disposable income of $100 billion, then the change in real GDP can be calculated as:
ΔY = 1 / (1 - 0.50) x $100 billion
ΔY = 2 x $100 billion
ΔY = $200 billion
This is because the increase in disposable income will lead to an increase in consumption, which will lead to an increase in aggregate demand and production in the economy.
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Which factor places this nation in the transitioning category? Multinational corporations operate within its borders. It is shifting from a planned to a free-market economy. It has recently increased trade with Western Europe. It has a rising GDP.
The factor that puts a nation in the transition category is the shift from a planned economy to a free market economy.
What is the free market?It corresponds to an economic principle where the action of market agents is free, with less state intervention, being voluntarily determined by the law of supply and demand.
Therefore, the free market is a factor that marks an economic transition of a nation, by instituting greater relations with other countries, greater investment and economic expansion.
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Answer:
B on edge
If you want the answer faster
17. A businesswoman would like to know how much money she could borrow (Loan Amount) knowing the monthly payment amount she can afford, the interest rate the bank charges, and the time to pay the loan. What Excel function would give that answer? a. Payment (PMT) b. Present Value (PV) C. Future Value (FV) d. IPMT 18. A businessman would like to know how much money he would owe at the end of a certain years of time, knowing the loan amount the Interest rate the bank charges, and monthly payment. What Excel function would give that answer? a. Payment (PMT) b. Present Value (PV) c. Future Value (FV) d. IPMT 19. In the loan related functions, whether it is a payment, present or future value, how would Excel label the number of payments in a period, e.g., the number of months a loan is to be paid, etc. a. Pv b. PV C. Nper d. Type 20. Another way, besides the format cell...command to apply many format types (or styles) to any cell/range, which includes headings, tittle, color accents, etc. is through, a. Conditional formatting b. Table format c. Cell Styles d. Number format 21. - 24) The label below is about a Light Orange 40% Accent3 format style. The steps to do that are From the Ribbon, select the tab a. Insert b. Page Layout c. View Light Orange 40% Accent 3 d. Home II. Then, click on the _command button to then just select the desired themed cell style. a. Cell Styles b. Data c. Wrap test i. d. Format d. Format OK, do it yourself here in MS Word and apply Blue 40% Accent s to label below. For MS Word, here, a highlighting the label below, click on the Home tab in the ribbon. Then click on the Font color icon (len A button) inverted caret symbol v to open color palette. Finally, Just hover cursor over the family of bu colors to read the desired color description, and apply it to the label below by just left-clicking on it.. Blue, Accent 5, Lighter 40% 25. The command button to set, clear, or add print area, is under the following tab in the ribbon. a. Home b. Insert c. Page Layout d. Data
a. The Excel function that would give the loan amount knowing the monthly payment amount, interest rate, and time to pay the loan is the Present Value (PV) function.
Excel function that would give the amount owed at the end of a certain time knowing the loan amount, interest rate, and monthly payment is the Future Value (FV) function.
c. The Excel function that represents the number of payments in a period, such as the number of months a loan is to be paid, is labeled as "Nper" (Number of Periods).
d. Another way to apply various format types to a cell/range, including headings, title, color accents, etc., is through the "Cell Styles" .
25. The command button to set, clear, or add a print area is under the "Page Layout" tab in the ribbon.
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distinguished scholars are usually attracted to teaching at a
Answer:
University. they get paid the best and have are of the highest regards
Answer:
If your options are:
A: career school
B: vocational school
C: community college
D: four-year college
Its D
Explanation:
HELP PLEASE
Q1 How would you describe Snap-On Tools' competitive strategy? Does it fit a price or non price model? Explain (4)
q2 How are the free enterprise " freedoms" of ownership and profit depicted in this scenario on Snap- On Tools? (4)
Q3 Is there any risk for the franshised dealers who purchase the truck, tools and equipment from Snap- On? ( 2)
Answer:
Q1. Non price model
Q2. How free enterprise "freedom" of ownership and profit are demonstrated includes
1) Snap-on tools ability to make and sell their tools for profit
2) Snap-on tools ability to sell out of mobile trucks, rather than store
3) Snap-On tool is able to offer credit financing to the its customers
Q3 The risks are,
a) Damage to reputation
b) Joint liability
c) Compliance to commercial regulations
Explanation:
A non-price competition is a form of marketing strategy, whereby a company or establishment puts in place distinguishing factors in its goods and or services, in order to distinguish them from competing goods or services.
A customer A LTD buys goods on credit from C LTD every month.On 20 January 2022 A LTD bought 200 cases with 10*20kg rice at a cost of $40 per case on credit. Draw up a purchase invoice for A ltd
Below is a Purchase Invoice for A Ltd.:
Purchase Invoice
Date: 20 January 2022
To: A LTD
Address: [insert address]
Product: Rice
Quantity: 200 cases
Unit: 10*20kg
Cost per case: $40
Total Cost: $8,000
Payment Terms: On credit
Thank you for your business.
Sincerely,
C LTD
What is a Purchase Invoice?A Purchase Invoice is a document that is sent from a supplier to a buyer to request payment for goods or services that have been purchased. It is a formal record of a transaction that outlines the details of the purchase, including the quantity and cost of the goods or services, any applicable taxes or discounts, and the payment terms.
Purchase Invoices are an important part of the purchasing process because they provide a record of the transaction and can be used for accounting purposes. They also help to ensure that both the buyer and supplier are on the same page regarding the terms of the purchase.
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Which important aspect of goal setting helps you keep an eye on the big picture and is useful for giving yourself feedback?.
The important aspect of goal setting that helps to keep attention on the big picture while being useful for feedback purposes is B. behavioral objectives.
What is a behavioral objective?
A behavioral objective is a learning outcome that details the learner's experience in measurable terms and forms the learning and performance evaluation basis.
Answer Options:A. teaming objectives
B. behavioral objectives
C. tactical planning
D. deadlines
Thus, the important aspect of goal setting is not teaming objectives, tactical planning, or deadlines but behavioral objectives.
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Suppose task B follows task A. The likelihood that a problem will occur with task A is 0. 5, and the time to correct the problem would be 2 months. The likelihood that a problem will occur with task B is 0. 2, and the time to correct the problem would be 3 months. The risk consequence of both activities is
A- 3. 5 months
B- 5. 7 months
C - 1. 6 months
D- 2. 1 months
When task B follows task A, the risk consequence of both activities is 1.6 months, the correct answer is C - 1.6 months.There is a combined likelihood of problems occurring in both tasks.
The risk consequence of both activities can be calculated by multiplying the likelihood of a problem occurring with the time to correct the problem for each task.
For task A, the likelihood of a problem occurring is 0.5, and the time to correct the problem is 2 months. So the risk consequence for task A is 0.5 * 2 = 1 month.
For task B, the likelihood of a problem occurring is 0.2, and the time to correct the problem is 3 months. So the risk consequence for task B is 0.2 * 3 = 0.6 months.
To calculate the total risk consequence of both activities, we add the risk consequences of each task together: 1 + 0.6 = 1.6 months.
Therefore, the correct answer is C - 1.6 months.
In conclusion, when task B follows task A, the risk consequence of both activities is 1.6 months. This means that there is a combined likelihood of problems occurring in both tasks, and it would take a total of 1.6 months to correct these problems.
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bramble corp. inc. had a beginning inventory of 100 units of product rst at a cost of $8 per unit. during the year, purchases were:
Bramble corp. inc. had a beginning inventory of 100 units of product rst at a cost of $8 per unit. during the year, purchases were: $2000.
How to determine the number of purchasesBased on the information provided, here is the breakdown of the purchases made by Bramble Corp. Inc.:
- The beginning inventory was 100 units of product RST at a cost of $8 per unit, totaling $800.
- The question does not specify the time frame for the purchases made during the year, so I will assume they were made in a single batch.
- Let's say Bramble Corp. Inc. purchased an additional 200 units of product RST at a cost of $10 per unit, totaling $2000.
- The total inventory now consists of 300 units of product RST, with a total cost of $2800 ($800 from the beginning inventory + $2000 from the purchases)
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Who are key decision makers in an organisation Regional
Coordinating Councils in Ghana?
What factors influence the agility levels of public
institutions/companies
Develop questions that can be put to
The key decision-makers in an organization Regional Coordinating Councils in Ghana are the Regional Ministers who are appointed by the President of Ghana in consultation with the Public Services Commission, according to the 1992 Constitution of Ghana.
The key decision-makers in Regional Coordinating Councils (RCCs) are responsible for coordinating and monitoring the activities of the various decentralized departments and agencies in each region of Ghana. The factors that influence the agility levels of public institutions/companies are the following:
- Size of organization - Smaller companies are generally more agile than larger ones.
- Leadership - The effectiveness of leadership can have a significant impact on the agility of an organization.
- Processes and procedures - The way an organization operates and makes decisions can either facilitate or hinder agility.
- Work culture - A culture that encourages flexibility and adaptability can make an organization more agile.
- Resources - Adequate resources, such as funding and technology, can enable an organization to respond quickly to changes in its environment.
Now, here are some questions that can be put to test the agility levels of public institutions/companies:
1. What processes do you have in place to quickly respond to changes in the market? Can you give an example of a time when your organization had to adapt quickly to a new situation?
2. What steps are you taking to make your organization more agile?
3. How does your organization encourage innovation and flexibility?
4. What resources do you need to respond more quickly to changes in the market?
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Sue wants to work as a chemical engineer for either a large corporation or the government. What would you advise her to
do while she is earning her bachelor's degree to gain some real-world experience in the field of chemical engineering while still earning
college credits ?
a) Apply for a cooperative education experience, through her university, at a company or an agency that will provide her real work
experience in her field of study
b) Study hard and wait until she earns her degree to get experience
c) Take a job on campus working in the office typing papers for engineering professors
d) Take a part-time job working nights at a pharmacy
Answer:
A
Explanation: The most common reason tbh.
Answer: A
And just trust
The HR manager would also like to find out whether employees with different length of service have on average different commitment levels.
Which statistical test would you use to assess the HR manager’s belief? Explain why this test is appropriate. Provide the null and alternative hypothesis for the test. Define any symbols you use. Detail any assumptions you make.
To assess the HR manager's belief about whether employees with different lengths of service have different commitment levels, a suitable statistical test to use would be the Analysis of Variance (ANOVA) test.
The ANOVA test is appropriate in this scenario because it compares the means of three or more groups to determine if there are any significant differences among them. In this case, the groups would correspond to employees with different lengths of service (e.g., short-term, medium-term, long-term). The test will help determine if there are any significant differences in the average commitment levels between these groups.
Null hypothesis (H₀): The mean commitment levels of employees with different lengths of service are equal.
Alternative hypothesis (H₁): The mean commitment levels of employees with different lengths of service are not equal.
Symbol definitions:
μ₁: Mean commitment level of employees with short-term service.
μ₂: Mean commitment level of employees with medium-term service.
μ₃: Mean commitment level of employees with long-term service.
Assumptions:
Independence: The commitment levels of employees in each group are independent of each other.
Normality: The commitment levels within each group follow a normal distribution.
Homogeneity of variances: The variances of commitment levels are equal across all groups.
Before conducting the ANOVA test, it is important to check if these assumptions are met. If any of the assumptions are violated, alternative tests or adjustments (such as transforming the data) may be necessary.
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in what parts of the world did industrialization lead to major social transformations?
The modern period was ushered in by the changes brought about by industrialisation in Europe, the United States, and most of the rest of the globe.
The transition of a human population from an agricultural civilization to an industrial society is known as industrialisation (sometimes written industrialization). This entails a significant reorganization of an economy for manufacturing. Industrialization has historically been linked to a growth in fossil fuel-dependent, polluting businesses. Industrialization increasingly incorporates technological leapfrogging, with direct investment in more sophisticated, cleaner technology, as a result of the growing emphasis on sustainable development and green industrial policy practices. Numerous unforeseen repercussions arise from the restructuring of the economy, both economically and socially. Markets for consumer products and services of all types often develop as industrial employees' wages rise, which further encourages business investment and economic expansion.
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12. One of the benefits of developing a business plan for a new start-up is:
(1 Point)
I shows 91actly how much profit the business will make
it makes sure that the bank will lend all the capital needed
it means that the business start up has no risk of failure
it assists in organising the resources needed for the new business
Answer:
it assists in organising the resources needed for the new business
Explanation:
A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.
A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.
Mona Elliott’s gross pay is $33,500 a year. The state income tax rate is 3 percent of taxable wages. Elliott takes a single exemption for herself. Using Figure 2.1, how much is withheld a year for state income tax?
Answer: $960
Explanation:
Mona Elliott’s gross pay = $33,500
State income tax rate = 3%
Single exemption = $1500
The amount that'll be withheld a year for state income tax will be calculated as:
= Tax rate × (Gross pay - Single exemption)
= 3% × ($33500 - $1500)
= 3% × ($32,000)
= 3/100 × $32,000
= 0.03 × $32,000
= $960
Fannie Mae issues ______ to raise funds to purchase pools of conforming mortgages from financial institutions, then issues ______ based on those mortgage pools, which it sells to outside
Fannie Mae issues debt securities to raise funds to purchase pools of conforming mortgages from financial institutions, then issues mortgage-backed securities based on those mortgage pools, which it sells to outside investors.
Debt securities are negotiable financial instruments, meaning their legal ownership is readily transferrable from one owner to another. Bonds are the most common form of such securities. They are a contractual agreement between the borrower and lender to pay an agreed-upon rate of interest on the principal over a period of time and then repay the principal at maturity.
Bonds can be issued by the government and non-government entities. They are available in various forms. Typical structures include fixed-rate bonds and zero-coupon bonds. Floating-rate notes, preferred stock, and mortgage-backed securities are also examples of debt securities. Meanwhile, a bank loan is an example of a non-negotiable financial instrument.
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You run a small business that manufactures park benches. A single high-grade
bench you offer is made from the following direct costs.
1. Lumber - Oak
$7.50 5. Direct labor
$10.60
2. Concrete
$1.56 6. Delivery cost
$ 6.20
3. Metal screws
$ .75 7. Advertising
$ 1.32
4. Wood stain
$.79
What are the total direct costs for manufacturing 940 high-grade benches?
Answer:
$19,928
Explanation:
Direct Costs are costs that vary directly with the number of units produced.
Calculation of Total total direct costs for manufacturing
Consider only direct manufacturing costs per unit
1. Lumber - Oak $7.50
2. Concrete $1.56
3. Metal screws $ 0.75
4. Wood stain $0.79
5. Direct labor $10.60
Total $21.20
Therefore,
Total Cost = Unit Cost x Units manufactured
= $21.20 x 940
= $19,928
Conclusion
The total direct costs for manufacturing 940 high-grade benches is $19,928
Lily runs a painting business. She has two experienced interior painters. One painter can paint a 300-square-foot room in 200 minutes. The other worker can paint a 300-square-foot room in 300 minutes.
If the painters work together, they can paint a 300-square-foot room in
minutes
If the two painters work together, they can paint a 300-square-foot room in 120 minutes (or 2 hours).
To solve this problem, we can use the formula: Time = Work ÷ Rate
where "Work" is the amount of painting needed to be done (in this case, 300 square feet), and "Rate" is the rate at which each painter can complete the job (in terms of square feet per minute).
Let's find the individual rates of each painter first:
Painter 1: Rate = Work / Time = 300 sq ft / 200 min = 1.5 sq ft/min
Painter 2: Rate = Work / Time = 300 sq ft / 300 min = 1 sq ft/min
To find the combined rate of both painters working together, we can add their individual rates:
Combined rate = 1.5 sq ft/min + 1 sq ft/min = 2.5 sq ft/min
Finally, we can use the formula again to find the time it takes for both painters to complete the job:
Time = Work ÷ Rate = 300 sq ft ÷ 2.5 sq ft/min = 120 minutes
Therefore, if the two painters work together, they can paint a 300-square-foot room in 120 minutes (or 2 hours).
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1. According to this supply curve, 400 movie videos will be supplied at what price?
a. $12
b. $16
c.$14
d.$10
According to this supply curve, 400 movie videos will be supplied at what price 12 dollars.
What is a supply curve?A supply curve is a graphical representation of the relationship between the quantity of a good or service that a producer is willing to sell and the price at which they are willing to sell it. The curve is upward sloping, which means that as the price of a good or service increases, the quantity supplied by producers will also increase.
The opposite is also true, as the price of a good or service decreases the quantity supplied by producers will decrease. It is assumed that all other factors (technology, input prices, taxes and subsidies etc.) that affect production remain constant.
The position of the supply curve can also change depending on these factors. The supply curve is a fundamental concept in microeconomics, it is used to analyze market behavior and the determination of prices in a market.
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A company's data analysis team needs to perform real-time complex queries against a database. As the team grows the complex queries are slowing down production transactions. The current environment has an Amazon RDS database with the largest instance typing and is still experiencing performance issues. Which solution will reduce cost and resolve the performance issue?
Answer: Implement an Amazon RDS Read Replica of the production database to be used by the Data Analysis team and reduce the RDS database instance size.
Explanation:
The options include:
a. Implement an Amazon RDS Read Replica of the production database to be used by the Data Analysis team and reduce the RDS database instance size.
b. Implement Amazon ElastiCache and run the query against ElastiCache directly.
c. Implement Amazon EC2 instances to run a cluster of the production database and remove the RDS database instance.
d. Implement a larger Amazon RDS database instance type and apply Reserved Instances by submitting a limit increase request.
The solution that will reduce cost and resolve the performance issue is option A"Implement an Amazon RDS Read Replica of the production database to be used by the Data Analysis team and reduce the RDS database instance size".
We should note that the Amazon Relational Database Service (Amazon RDS) is quite easy to set up, and it also gives a cost efficient capacity while there is automation of the database setup, backups, provisioning of hardware.
Direct sales of livestock often result in which of the following additional expenses?
A.
Fees for agents
B.
Yardage fees
C.
A substantial loss due to the fact that livestock generally do not travel well
D.
The cost of feeding mature livestock while waiting for the rest of the herd to mature
Direct sales of livestock often result in yardage fees, which are the charges for keeping livestock at feedlot or other facility until they can be sold or shipped.
What are direct sales?Direct sales is a business model in which products or services are sold directly to consumers without the involvement of a retail middleman. This means that the manufacturer or service provider sells directly to the end user through various methods such as door-to-door sales, in-home parties, or through online sales platforms. Direct sales allow for a more personalized shopping experience for the consumer and can often result in cost savings for both the manufacturer and the consumer. Direct sales companies typically use a network of independent sales representatives who are compensated for their sales efforts through commissions and bonuses. These representatives can also recruit and manage their own sales teams, creating a network marketing structure. Direct sales have become increasingly popular due to advancements in technology and the rise of e-commerce.
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What is the difference between submitting runnable and callable tasks for execution using manangedexecutorservices?
Runnable and callable task both are interfaces which are designed to represent a task that can be run by multiple threads.
The Callable and Runnable interfaces are used to encapsulate tasks that will be executed by another thread. However, Runnable instances can be executed by both the Thread class and the Executor Service, whereas Callable instances can only be executed by the Executor Service.
In a callable interface, a checked exception is thrown and some results are returned. This is one of the major differences between the upcoming Runnable interface, which returns no value. This interface simply computes a result and, if unable to do so, throws an exception.
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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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glasgow enterprises started the period with 60 units in beginning inventory that cost $2.10 each. during the period, the company purchased inventory items as follows: purchase no. of items cost 1 260 $ 2.60 2 180 $ 2.70 3 50 $ 3.10 glasgow sold 285 units after purchase 3 for $8.40 each. what is glasgow's cost of goods sold under fifo?
Glasgow's cost of goods sold (COGS) under FIFO method of inventory calculation with beginning inventory as 60 units and cost of each unit as $2.10 is $711.
Write a short note on FIFO method of inventory calculation.First in, first out (FIFO) is a straightforward method for valuing inventory that is based on the assumption that goods made or acquired first are sold first. This suggests that, in theory, older inventory gets distributed to customers before new inventory.
Even if there have been recent changes in expenses, the cost of goods sold (COGS) of the oldest inventory is used to assess the value of ending inventory. You must determine COGS at the conclusion of the accounting period or fiscal year because ecommerce inventory is regarded as an asset. Your balance sheets and inventory write-offs are impacted by ending inventory value.
To solve this question :
Given that,
Beginning inventory = 60 units
Cost of each unit = $2.10
Total Units sold = 285 units after purchase 3 for $8.40 each.
Therefore, COGS under FIFO :
= (Beginning inventory × cost of each unit) + [(Total Units sold - Beginning inventory) × cost of each unit for purchase 1]
= (60 × $2.10) + [(285 - 60) × $2.60]
= $126 + (225 × $2.60)
= $126 + $585
= $711
Hence, COGS under FIFO method is $711
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Pick an object in your house. Now come up with a new, innovative use for the object. You're going to come up with a marketing plan for your new product. Your plan must include the following parts: Identify your target market. Outline your strategy with specific steps you'll take.
Answer:
apple
Explanation: People will enjoy the apple, I will make commercials of people eating them so they get hungry.
Answer:
Youve heard of a water bottle well to be enviromentally friendly i came up with a new invention a ring dish out of a water botle youve seen the bracelets and jewlery but you havent seen a ring dish or a phone case they are enviromentally safe, scratch resistant, they are cute.
Explanation:
just a little idea i came up with\
When it comes to managing a corporation, the corporation relies on its board of directors and officers.
a. true
b. false
It's true that when it comes to managing a corporation, the corporation relies on its board of directors and officers.
What defines corporation ?An organization called a corporation is one whose shareholders choose a board of directors to manage its operations. The corporation, not the shareholders, is responsible for the operations and financial health of the company.
What is a corporation in business?A corporation, also referred to as a C corp, is a separate legal entity from its owners. Corporations are able to generate revenue, pay taxes, and face legal consequences. The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities.
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Write an essay about Buisness skills 150 words pls
giving 100 points
business exists only to earn profits by providing goods and services to the customers. According to the modern concept, the underlying objective of every business is customer satisfaction as this is what results in most profits. If the customer is satisfied, the business excels. something about Business goals is a predetermined target that a business or individual plans to achieve in a set period of time. These goals are often split into short-term goals and long-term goals. Business goals can be general and high level, or they can focus on specific measurable actions. One of the reasons businesses succeed is that they reach consumers first. The fastest companies to market have the best access to customers. ... It's much easier to dominate a market without competitors. If you are first to market, you are more likely to succeed, even if your product or service is substandard.
Sally is in the new marketing department of a midsized lawn and garden company. She is working on the firm's first-ever STP analysis. She has defined the mission and objectives and identified and selected a segmentation method. The next step is to:________.
A. use the Internet, catalogs, and vendor information to draw up a list of new products.
B. find marketing interns or hire new staff to help with implementation.
C. create pro forma financial statements to complete the package.
D. evaluate the attractiveness of the various segments identified.
E. develop an advertising plan to promote the upcoming sales.
Answer:
A. use the Internet, catalogs, and vendor information to draw up a list of new products
Explanation:
STP analysis is a method that analysis a product and determines the best way to communicate its benefits to your target group.
STP is an acronym that stands for: Segment your market, Target your best customer, and Position your best offering.
In this case the market has been segmented by Sally who defined the mission and objectives and identified and selected a segmentation method.
The next step is to Target your best customer. This is best done by using the Internet, catalogs, and vendor information to draw up a list of new products.