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dimulka [17.4K]
3 years ago
6

You are giving a tour of businesses to several classical musicians from China. One of the Chinese in the tour group has asked yo

u to define the purpose of business. How should you answer this question?
Business
1 answer:
HACTEHA [7]3 years ago
5 0

Answer:

Purpose of business is to increase general well being of people by selling goods and services.

Explanation:

The main purpose of business is to increase well being of people, make profits for its stakeholders and offering value for money to its customers or clients through products and or services. The products and services provided by the company should not harm its customers and clients instead these products and services should provide benefits to its users and satisfy their needs. While making profits a company should keep scarce resources in mind so the needs of the future generation is not compromised also it does not harm the environment by its poisonous wastage. Every business requires some form of investment as an input though which quality output can be provided to its customers and clients.

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Huduko Inc. offers a number of computer services. Huduko operates with a utilization of 30 percent. The interarrival time of job
guapka [62]

Answer:

Huduko Inc.

The number of servers in this system is:

= 200.

Explanation:

a) Data and Calculations:

Utilization rate = 30%

Interarrival time of jobs = 8 milliseconds (0.008)

Coefficient of variation = 1.5

Average jobs waiting in the queue to be served = 20

Number of jobs in process = 60

Number of servers processing the 60 jobs = 60

Since the number of servers processing at a time is 60 with a utilization rate of 30%, it means that there are 200 servers in the system (60/30%).

7 0
2 years ago
Which describes the process of how a business incorporates?
vampirchik [111]

Answer:

A) The business must gain government permission and issue a stock sale, followed by a shareholder vote.

5 0
2 years ago
Cindy invests $3000 in a bond trust that pays 8% interest compounded semiannually. Her friend, Jimmy, invests $3000 in a certifi
Elanso [62]

Answer:

Cindy has more amount than Jimmy.

Explanation:

Amount invested by Cindy P = $3000

Annual rate of interest = 8%

As the amount is compounded semiannually

So rate of interest =\frac{8}{2}=4% %

Time = 20 year

So time period n = 20×2 = 40

So amount own by Cindy A=P(1+\frac{r}{100})^n

A=3000(1+\frac{4}{100})^{40}=14403.06 $

Amount deposit by jimmy P = $3000

Annual rate of interest = 7.75 %

As the amount is compounded monthly

So rate of interest r=\frac{7.75}{12}=0.322 %

Time period = 20×12 = 240

So amount own by Jimmy A=P(1+\frac{r}{100})^n

A=3000(1+\frac{0.322}{100})^{240}=6503.650 $

From the calculation we can see that Cindy has more amount than Jimmy.

4 0
2 years ago
An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an series. The equation i
stepladder [879]

Answer:

The present value of security is $2300

Explanation:

The value or price of the perpetuity today is calculated by dividing the constant cash flow it provides per period by the interest rate or the rate of return (r). Thus the price of this perpetuity according to the formula will be,

Value of perpetuity = Cash flow / r

Value of perpetuity = 115 / 0.05

Value of perpetuity = $2300

6 0
2 years ago
What is the meaning of remittance
HACTEHA [7]
<span>a sum of money sent or in payment for goods or services or as a gift.
</span>
5 0
2 years ago
Read 2 more answers
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