All categories

1 year ago

What makes a business unique

Business

2 answers:

madam [21]1 year ago

8 0

Answer:

the people, their approach, the intangible elements.

bogdanovich [222]1 year ago

4 0

Answer:

A lot of things can make a business unique since every entrepreneur has different ideas when starting a new business it depends on the persons approach to their business.

You might be interested in

A monopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (WTP) of $1

Romashka [77]

Answer:

The answer is: 1) II > I > III

Explanation:

Pricing scheme I: $2 million profit

Price $150,000
Contribution margin = $150,000 - $50,000 = $100,000
35 units sold x $100,000 = $3.5 million
profit = $3.5 million - $1.5M = $2 million

Pricing scheme II: 2.25 million profit

Price $200,000
Contribution margin = $200,000 - $50,000 = $150,000
25 units sold x $150,000 = $3.75 million
profit = $3.75 million - $1.5M = $2.25 million

Pricing scheme III: $1.5 million profit

Price $250,000
Contribution margin = $250,000 - $50,000 = $200,000
15 units sold x $200,000 = $3 million
profit = $3 million - $1.5M = $1.5 million

8 0

2 years ago

Determine the missing amounts. (Round answers to 0 decimal places, e.g. 1,225.) Unit Selling Price Unit Variable Costs Unit Cont

natali 33 [55]

Answer:

Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio

1. $570 $420

Unit Contribution Margin= Unit Sales Price Less Unit Variable Price =

$ 570- $ 450 = $150 (a)

Contribution Margin Ratio = Contribution Margin/ Sales = 150/570* 100= 26 % (b)

2. $490 $490 -$130= $360 (c) $130 ($ 130/ $490)* 100= 27 % (d)

3. $23000 (e) $22540 (f) $460 2

Unit Contribution Margin $460

Contribution Margin Ratio 2

Contribution Margin Ratio= Unit Contribution Margin/Sales= $460/ Sales =2 %

$460/ Sales =2 %

Sales = $ 460/2%= $ 23000

Sales - Unit Contribution Margin = $ 460

Unit Contribution Margin= Sales- $460 = $ 23000- $ 460= $ 22540

4 0

3 years ago

Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn

solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

All are non-manufacturing business which are as follows,

An auto body shop.
A furniture repair shop.
A laboratory that tests water samples for lead A tailoring shop.
A beauty shop.
Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
Non-manufacturing costs includes,
selling expenses
general expenses
Selling Expenses
It is also called as selling and distribution expenses.
Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.

7 0

3 years ago

When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget ________. only includes vari

Stells [14]

When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget includes costs that are projected by the cost accountant and the production manager. It contains the all manufacturing costs and expenses, except the direct materials (raw materials) and direct labor.

4 0

2 years ago

Manuel borrowed a total of $4000 from two student loans. One loan charged 4% simple interest and the other charged 3.5% simple i

hichkok12 [17]

Answer:

the principal amount at a rate of 4% is 2000

principal amount at a rate of 3.5% is 4000-2000 =2000

Explanation:

We have given total amount borrowed = $4000

Let x amount is borrowed at a rate of 4%

So $4000-x is borrowed at rate of 3.5%

Total interest = $150

We know that simple interest $=\frac{principal\ amount\times rate\times time}{100}$

So $\frac{x\times 4\times 1}{100}+\frac{(4000-x)\times 3.5\times 1}{100}=150$

$4x+14000-3.5x=15000$

0.5 x=1000

x = 2000

So the principal amount at a rate of 4% is 2000

And principal amount at a rate of 3.5% is 4000-2000 =2000

7 0

3 years ago