Answer:
There are several ways in which a young entrepreneur can carry out purchasing activities responsibly, including:
1. Measured production of inventory or units of products- If an entrepreneur is producing bicycles for instance, (s)he should only spend on inventory that (s)he anticipates will be sold to customers or purchased by retailers. For example, let's assume that the entrepreneur has a purchase order from a retailer such as K-Mart for 500 bicycles. In this case the entrepreneur should only produce around 550 bicycles rather than 700 or 1000 bikes, thus, purchasing supplies and producing inventory in accordance with demand for his/ her bicycles.
2. Lowering costs of production where possible- Firstly, this can be done by purchasing supplies and materials for inventory in bulk. Secondly, the entrepreneur could outsource the manufacturing of his/her product to countries (such as China) where production costs are significantly cheaper.
Answer: Chart of Accounts
Explanation:
Once account numbers have been enabled, the numbers be assigned and edited in the chart of accounts.
To assign the account numbers, one needs to go to the accounting menu and then the chart of accounts will be selected. After that, one will select batch edit which can be seen in the action menu and add the account numbers after which one will then save. In order to see the account numbers,one can then go to chart of accounts
Answer:
(A) 8.22%
(B) 7.5%
Explanation:
The first step is to calculate the average nominal return
Average nominal return= R1 + R2 + R3 + R4 + R5/5
= 16 +(-5) + 19 + 13 + 10/5
= 16-5+19+13+10/5
= 53/5
= 10.6%
(A) The average real return can be calculated as follows
= (1 + average nominal return)/(1+ inflation) -1
= (1+ 10.6/100)/(1+2.2/100) -1
= (1+0.106)/(1+0.022)-1
= 1.106/1.022-1
= 1.08219-1
= 0.08219 × 100
= 8.22%
(B) The average nominal risk premium can be calculated as follows
Average risk free rate= Nominal average t-Bill rate-inflation
= 5.3% - 2.2%
= 3.10%
Average nominal risk premium= average nominal return -average risk free rate
= 10.6% - 3.10%
= 7.5%
Answer:
a) $22,010
b) $3,780
c) $25,790
Explanation:
a) In calculating the value of inventory still left, the total value needs to be calculated first,
= (80 freezers * $540) + $820 ( transport fees)
= 43,200 + 820
= $44,020
40 out of 80 freezers have not been sold so,
= 40/80 * 44,020
= $22,010
b) In calculating the profit, subtract the expenses from the sales
Sales = 40 * 700
= $28,000
= 28,000 - Cost of refrigerators - commission of 6% of sales - advertising - installation
= 28,000 - 22,010 - (28,000*0.06) - 180 - 350
= $3,780
c) The amount remitted by the consignor will be,
= Sales - commission - advertising - installation
= 28,000 - (28,000 * 0.06) - 180 - 350
= $25,790
Answer:
How come this is a question if you have the answer
