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1 year ago

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Business

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IRISSAK [1]1 year ago

3 0

This is a question on Entrepreneurship. The two sectors where Mama Meals plays are:

Logistics and ;
Foods/Refreshment Sectors.

<h3>What are the two reasons why Naisiadet might be described as an entrepreneur?</h3>

The first is she knows how to identify Opportunities;
The second is, she knows how to convert opportunities in to money making operations. See The first sentence of the first paragraph; and the first sentence of the third paragraph.

<h3>Explain Two benefits to Naisiadet of Researching the market for the proposed business</h3>

The first benefits is that it helped her to discover the size of her market - 5% of the people in Nairobi.
The second is that they were middle income earners.

<h3>
Was it a mistake for her not to have had a business plan?</h3>

Yes. Business plans are essential for laying out the long-term goals of a business.

Learn more about Entrepreneurship:
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Identify the framework for the entire accounting process and describe its components and how they fit together to form this fram

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Accounting<span> is the </span>process<span> of constructing and maintaining financials. </span><span>
The framework for the entire accounting process is referred to as</span> definitional framework. The framework<span> provides a categorized structure that classifies the basic elements in </span>accounting. The accounting equality shows that the assets of a business are equal to its equities. This means that Assets = Equities. Assets were defined earlier as the things of value owned by the business, or the economic resources of <span>the business. </span>

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3 years ago

Read 2 more answers

On January 1, 2016, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $784,000 cash. At Janua

stiv31 [10]

Answer:

a) Consolidated net income for Phoenix and Sedona for 2018

Phoenix revenues $648,000

-Phoenix expenses ($412,000)

Phoenix Net Income $236,000

2018 Income from Sedona <u>$54,075</u>

Consolidated net income for $290,075

Phoenix and Sedona for 2018

b) Phoenix’s consolidated retained earnings balance at December 31, 2018

Phoenix’s consolidated retained earnings balance at December 31, 2018 = $347,075.00 (same as Phoenix because of equity method use)

c) What amount should Phoenix report for Sedona’s customer list?

Consideration transferred at fair value $784,000

Book value acquired <u>($548,800)</u>

Excess fair over book value $235,200

To Equipment <u>$95,000 </u>

To customer list (4 year life) <u> $140,200 </u>

Three years since acquisition of customer list = $140,200/4 years = $35,050. Hence, Phoenix report $35,050 as Sedona’s customer list.

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2 years ago

If these are the only four sellers in the market, then when the price decreases from $4 to $2, the market quantity supplied

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Answer:

Decreases by 50 percent

Explanation:

The law of supply asserts that other things remaining constant, the quantity of goods and services supplied increases as price rises. Therefore, the price and quantity supplied are directly related. Should the price fall, the quantity supplied will also decrease. Producers will prefer to supply more when the price is high to make more revenue.

The supply curve is upward sloping indicating how quantity supplied changes at different price levels. In the case, the price has decreased from $4 to $2, which represents a 50 percent drop. The quantities supplied will decrease as per the law of supply. A 50 percent decrease may result in a similar decrease in quantity supplied as the supply curve is upward sloping.

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3 years ago

Westin wants to borrow $1,000 from Missy to help pay his deposit at his new apartment. Missy says she will agree to the loan him

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Answer:

B. Collateral promise.

Explanation:

Collateral promise refers to a promise to pay the debt of another that is ancillary to an original promise. It is an undertaking which renders the promisor a guarantor or surety upon a debt owing by a third person who is primarily liable. It is not made for the benefit of the party making it.

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3 years ago

A process of determining just how much value an organization's marketing activities create and their impact on the bottom line

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Answer:

B, corporate citizenship

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Cheers.

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3 years ago