It is important to consider some factors when choosing a facility for your business. Some critical factors to consider include the following.
- Location (on well-traveled streets, or tucked away in the country)
- The interior layout: the amount of space, how it would be subdivided into rooms or work areas to best serve you
- How it could be constructed or decorated to provide the capabilities and business atmosphere that best suits your operation
- The exterior: its appearance (and that of surrounding buildings) and the impression that it conveys about your business
- Provision for necessary features such as parking facilities and loading docks
<h3>What is a Business Facility?</h3>
A Business Facility refers to a building location or portion at which employees perform services for their employer.
It is important to note that a business facility does not include any workplace or portion of a workplace that also serves as the employee's or employer's personal residence.
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SPJ1
Answer:
a)
1. Explicit cost
2. Implicit Cost
3. Implicit Cost
4. Explicit cost
b)
Accounting Profit is $62000.
Economic Profit is -$3000. (a loss of $3000)
Explanation:
a)
Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.
Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.
1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are <u>explicit costs.</u>
2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an <u>implicit cost.</u>
3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an <u>implicit cost.</u>
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4. The cost of purchases paid to manufacturer requires outlay of money and is an <u>explicit cost.</u>
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b)
Accounting profit = Total Revenue - Total explicit cost
Economic profit = Total revenue - (Total Explicit Cost + Total Implicit Cost)
Accounting Profit = 793000 - 430000 - 301000 = $62000 profit
Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss
Answer:
Reserves = $105,000
Required reserve = $30,000
Excess reserve = $75,000
Explanation:
Given:
Required reserve ratio = 0.20
Check able deposit = $150,000
Outstanding loans = $45,000
Computation:
Reserves = Check able deposit - Outstanding loan
Reserves = $150,000 - $45,000
Reserves = $105,000
Required reserve = Check able deposit[Required reserve ratio]
Required reserve = $150,000[0.20]
Required reserve = $30,000
Excess reserve = Reserves - Required reserve
Excess reserve = $105,000 - $30,000
Excess reserve = $75,000
Answer:
a) He will ask the audience to stand and do a simple yoga pose.
Explanation:
Base on the scenario been described in the question, we saw the Enrique is given a presentation to convince his managers that offering yoga classes at work will improve productivity because it will help employees clear their minds. The aspects of his presentation that shows he wants to include kinesthetic learners is , he asked the audience to stand up and do a simple yoga pose.
Kinesthetic learning is a learning style in which learning which involves the students doing physical activities, rather than watching demonstrations or listening to lectures.
Answer:
D. The GDP deflator but not the CPI
Explanation:
GDP deflator is a tool used in measuring the changes in prices of goods and services produced in the country. It is measured by dividing nominal GDP with the real GDP. Since the Gun is part of the GDP, hike in prices will affect the GDP deflator.
On the other hand Consumper price index measures changes in prices of basket of goods and services consumed by households. The guns are not been bought by households but rather they are bought by the army in the US. Therefore changes in the price doesn't affect CPI.
