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1 year ago

What are the three element of business equipment and resource?

Business

1 answer:

bulgar [2K]1 year ago

6 0

Answer:

1.1 Identify and access business equipment or resources required to

complete task under direct instructions

1.2 Estimate quantities and resources correctly to complete the task

1.3 Check equipment for serviceability in accordance with equipment

instructions

2. Operate equipment

2.1 Operate equipment in accordance with manufacturer's specifications

and under direct instructions

2.2 Identify equipment faults accurately and take action to ensure

equipment is repaired in accordance with manufacturer's

specifications

2.3 Report repairs outside area of own responsibility to appropriate

persons

3. Maintain equipment or resources

3.1 Maintain equipment or resources to support completion of tasks under

direct instructions

3.2 Undertake maintenance to ensure equipment meets manufacturer's

specifications

3.3 Maintain records concerning equipment or resources under direct

instructions

3.4 Store equipment and resources under direct instructions

Explanation:

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LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620

Gnom [1K]

Answer:

LeCompte Corp.

The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:

A) 7.57%.

Explanation:

a) Data and Calculations:

Assets = $312,900

Common Equity = Assets = $312,900

Sales for the last year = $620,000

Net income after taxes = $24,655

Expected return on equity (ROE) = 15%

ROE (in amount) = $312,900 * 15% = $46,935

Profit margin = Returns on Equity/ Sales * 100

= $46,935/$620,000 * 100

= 7.57%

b) The expected returns on equity in dollars is equal to the net income. Therefore, we can use the ROE to calculate the profit margin. The profit margin expresses the relationship between sales and profit. It shows the profit made from each dollar sales.

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2 years ago

What is the failure rate for a franchise?

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Approximately 5% of franchises fail because survey's show about 95% success rate still in business.

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3 years ago

Since global expansion typically means bringing the company's existing products to new markets, it would be considered a _______

velikii [3]

Answer:

<u>Market development.</u>

Explanation:

Market development strategy refers to a strategy used by organizations wishing to expand in the market by identifying and developing new market segments for their product, ie the focus is on gaining new uses and potential new customers. for your products.

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3 years ago

On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 da

Tomtit [17]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $100,000

To Notes payable A/c $100,000

(Being the issuance of the note payable is recorded)

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3 years ago

Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a(n)

OleMash [197]

Answer:

Reversionary interest

Explanation:

If Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a reversionary interest.

A reversionary interest can be defined as a property law (deed) which states that when a property such as a land transfer is used on a clause; “for so long as” or “on condition that."

Hence, once the interest of the benefactor comes to an end, the property reverts back to its original owner (grantor). It also gives the grantor's next of kin, successor or heir the power or right to take the property back in the future if promises are broken or the agreement comes to an end.

This ultimately implies that, if a property stated in the deed is not used or used, for certain purposes.

<em>In this scenario, Larry owns a reversionary interest because he gifts a land to the school district, but in the deed he stated "for so long as the land is used for a school." </em>

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3 years ago

What are the three element of business equipment and resource?​

What are the three element of business equipment and resource?