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puteri [66]
3 years ago
11

What are your special skills characteristics that are related with your business?

Business
1 answer:
marusya05 [52]3 years ago
6 0
To answer this opinion based question as to what is my special skills characteristics that is related with my business.. Well to start with my business is more of a marketing and reselling of goods, my special skills with marketing is that i have Personal Relation to people. It is one of the most important thing for me because without it i can get close to clients' zone to make a deal to them.
You might be interested in
Laws Corporation is considering the purchase of a machine costing $16,000. Estimated cash savings from using the new machine are
Stella [2.4K]

Answer:

14%

Explanation:

Let IRR from machine be represented with i

Now, $4,120 * Cumulative PV factor (i, 6 periods) = $16,000

Cumulative PV factor (i, 6 periods) = $16,000 / $4,120

Cumulative PV factor (i, 6 periods) = 3.883

Now, we refer to PV factor table, the PV Factor (3.883) falls nearest to i =14%. (See proof in the attached table as attached below)

So therefore, IRR = 14%

So, the machine's internal rate of return is closest to 14%.

5 0
3 years ago
On December 31, 2020, Windsor Company had $1,198,000 of short-term debt in the form of notes payable due February 2, 2021. On Ja
emmasim [6.3K]

Answer and Explanation:

The balance sheet is shown below:-

The computation of note payable is below:-

Notes Payable = $1,198,000 - $649,600

= $548,400

Total notes payable by the company are$1,198,000, of which $649,600 is common stock issue and $548,400 is cash liquidate.

                       Windsor Company

                     Partial Balance sheet

                       December 31, 2020

Particulars              Amount

Current Liabilities:

Notes Payable             $548,400

Long term Debt:  

Notes Payable            $649,600

6 0
3 years ago
Perez Company reported the following data regarding the product it sells: Sales price $ 56 Contribution margin ratio 25 % Fixed
suter [353]

Answer:

Contribution margin ratio = 1 - variable cost ratio

                                          = 25%

(a) Break\ even\ in\ dollars=\frac{fixed\ costs}{contribution\ margin}

Break\ even\ in\ dollars=\frac{350,000}{0.25}

                                            = 1,400,000

 Break\ even\ in\ units=\frac{Break\ even\ in\ dollars}{sales\ price}

 Break\ even\ in\ units=\frac{1,400,000}{56}

                                           = 25,000

(b) For profit of $42,000,

sales=\frac{Profit+fixed\ cost}{contribution\ margin\ ratio}

sales=\frac{42,000+350,000}{0.25}

               = 1,568,000

In\ units=\frac{sales}{sales\ price}

In\ units=\frac{1,568,000}{56}

                    = 28,000

(c) variable cost = sales price × variable cost ratio

                           = $56 × 75%

                           = $42

New contribution margin = \frac{New\ sales\ price-variable\ cost}{New\ sales\ price}

New contribution margin = \frac{70-42}{70}

                                          = 0.4

                                          = 40%

New\ Break\ even\ in\ dollars=\frac{fixed\ costs}{contribution\ margin}

New\ Break\ even\ in\ dollars=\frac{350,000}{0.4}

                                                        = $875,000

New\ Break\ even\ in\ units=\frac{New\ Break\ even\ in\ dollars}{New\ sales\ price}

New\ Break\ even\ in\ units=\frac{875,000}{70}

                                                    = 12,500

3 0
3 years ago
In the context of ABC inventory analysis, which of the following statements is true of class A items? a. They are best managed b
vlabodo [156]

Answer:

c. They account for a larger dollar value than class C items

Explanation:

The ABC inventory analysis is a method of classifying inventory in three main groups: A, B and C, where group A items include items that are most valuable and group C items the least valuable ones.

Conceptually similar to the Pareto principle, this method revolves around the fact businesses should focus on a limited scope of products, services or procedures that bring the most profit in comparison to other products/services.

Since group A items are critical to supply chain success, they require close monitoring by the operations managers and are rarely managed by wholly automated systems.

Like in the Pareto principle, A items usually have 10-20% share in the total item share, while they bring 70-80% of total profit.

5 0
3 years ago
The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP
olya-2409 [2.1K]

Answer: Tariffs and quotas

Explanation:

Tariffs and quotas are firms of trade protectionism that are used to control the amount of goods brought into a country. While quotas are taxes on imports, quotas are limitation on the number of goods imported.

Tariffs and quotas will affect economic growth because when there's limitation to the amount of imports, will affect the gross domestic product negatively.

3 0
3 years ago
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