Answer:
They could hold local tournaments, and also sponsor a tennis team or donate tennis rackets to a school to promote playing of tennis.
Explanation:
Prince sports sales will increase when there is a growth in the tennis industry, and to help grow the industry there needs to be a marketing activity that will encourage tennis right from schools.
The young generation will eventually influence tennis in the future. So marketing activities should btarget them by holding local tournaments, and also sponsor a tennis team or donate tennis rackets to a school to promote playing of tennis.
Answer:
The sunk costs of purchasing the machines is $3,400,000
Explanation:
The concept of sunk costs refer to costs that have been incurred by the entity which are not recoverable.
From the definition, it is clear since the machines have second-hand values,the portion of the costs not covered by the second-hand value is the sunk cost
Hence sunk costs could be derived by the formula below:
Sunk costs=Initial acquisition cost-Second-hand value
Initial acquisition costs=5*$1000000
Initial costs of acquisition =$5000000
Second-hand value=($500000*2)+($200000*3)
Second-hand value=$1600000
Sunk costs=$5000000-$1600000
Sunk costs=$3400000
In equilibrium : Y = AE
<span>Y = $3,600 - 0.8Y
</span><span>Y + 0.8Y = $3600</span>
<span>1.8Y = $3,600
</span>Y = $3,600/1.8
Y = $2,000
Answer:
6.94
Explanation:
The total cost of materials is $172,000
The equivalent unit of production materials is 50,000
The total conversion costs are $105,000
The equivalent unit of production is 30,000
Therefore the total manufacturingg costs per unit can be calculated as follows
172,000/50,000
= 3.44
105,000/30,000
= 3.5
3.44+3.5
= 6.94
Answer:
Entrepreneurial Ventures. ... Small businesses usually deal with known and established products and services, while entrepreneurial ventures focus on new, innovative offerings. Because of this, small business owners tend to deal with known risks and entrepreneurs face unknown risks.
