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2 years ago

What are the three resources used when setting up a business

Business

2 answers:

N76 [4]2 years ago

7 0

Answer:

The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.

nirvana33 [79]2 years ago

5 0

Answer:

1. financial resource

2. educational resource

3. human resource

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If a company adds a new product line to its existing portfolio, it has increased its___________.

astraxan [27]

Answer: Increased it's product mix width.

Explanation:

The product mix width of a company is the number of product lines a company has for sale in the market.

The product line of a company are individual but related products a company has for sale.

An example of product lines of a company could be a company producing: refrigerators, air conditioners and stabilizers. The company in this example would have a product mix width of three.

8 0

4 years ago

What is the law of supply

Julli [10]

The law of supply is a fundamental principle of economic theory which states that, other factors held constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes

4 0

3 years ago

Read 2 more answers

If variable cost of goods sold totaled $90,000 for the year (18,000 units at $5.00 each) and the planned variable cost of goods

IrinaK [193]

Answer:

$10,800

Explanation:

The computation of effect on the quantity factor is shown below:-

Actual variable cost = 18,000 × $5

= $90,000

Planned variable cost = 16,000 × $5.40

= $86,400

Total change in contribution margin = Actual variable cost - Planned variable cost

$90,000 - $86,400

= $3,600

Change in quantity = 18,000 - 16,000

= 2,000 units

Effect on the quantity factor = Change in quantity × Cost per unit

= 2,000 units × $5.40

= $10,800

7 0

3 years ago

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at

soldier1979 [14.2K]

Answer:

a. Activity rates for each activity

Fabrications = $18/dlh

Assembly = $7/dlh

Setup = $450/setup

Inspection = $230/inspection

b. Activity-based factory overhead per unit for each product

Speed Boats = $124.532

Bass boats = $302.068

Explanation:

Provided there are various activities as follows

Activity Cost Speed Boats Bass boats Total activity

Fabrications $522,000 7,250 dlh 21,750 dlh 29,000 dlh

Assembly $182,000 19,500 dlh 6,500 dlh 26,000 dlh

Setup $195,750 52 setups 383 setups 435 setups

Inspection $166,750 91 inspections 634 inspections 725 inspt.

a. Activity rates for each activity

Fabrications = $522,000/29,000 dlh = $18/dlh

Assembly = $182,000/26,000 dlh = $7/dlh

Setup = $195,750/435 setups = $450/setup

Inspection = $166,750/725 inspections = $230/inspection

b. Activity-based factory overhead per unit for each product

Activity Speed Boats Bass boats

Fabrications 7,250 x $18 = $130,500 21,750 X $ 18 = $391,500

Assembly 19,500 X $7 = $136,500 6,500 X $7 = $45,500

Setup 52 X $450 = $23,400 383 X $450 = $172,350

Inspection 91 X $230 = $20,930 634 X $230 = $145,820

Total of both = $311,330 = $755,170

Total units are 2,500 of each product

Cost p.u. = $311,330/2,500 =$124.532 = $755,170/2,500 =$302.068

a. Activity rates for each activity

Fabrications = $18/dlh

Assembly = $7/dlh

Setup = $450/setup

Inspection = $230/inspection

b. Activity-based factory overhead per unit for each product

Speed Boats = $124.532

Bass boats = $302.068

3 0

4 years ago

11. Calculating the price elasticity of supply Deborah is a college student who lives in San Francisco and does some consulting

oksian1 [2.3K]

Answer: 1.60

Explanation:

P1 = 30

P2 =50

Q1 = 6

Q2 = 16

Elasticity of supply:

$=\frac{(7-3)}{(50-30)}\times\frac{(50+30)}{(7+3)}$

$=\frac{4}{20}\times\frac{80}{10}$

= 1.60

Using the midpoint method, the elasticity of Deborah’s labor supply between the wages of $30 and $50 per hour is approximately 1.60, which means that Deborah’s supply of labor over this wage range is elastic.

7 0

3 years ago

What are the three resources used when setting up a business​

What are the three resources used when setting up a business