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Illusion [34]
3 years ago
15

Which of the following, identified in an analysis of the general environment, is an opportunity for an entrepreneur who wishes t

o open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people?a. The average age of the population in his community is high.
b. The level of unemployment in his community is high.
c. A chiropractor and two independent physical therapists are located in his community.
d. The average education level of the population in his community is low.
Business
1 answer:
kvasek [131]3 years ago
5 0

Answer:

a. The average age of the population in his community is high.

Explanation:

As the average age of the population in his community is high, it is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people because people will be more interested in the physical conditioning services and they will be attracted towards it as when the age rises, people become more interested in the health related activities, therefore, chances are very high that this will pose a serious and profitable opportunity for the entrepreneur in that particular city. He or she can definitely capture this opportunity very handsomely and profitably.

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Cash $207,200 Salaries and wages expense (sales) $318,080 Inventory 599,200 Salaries and wages expense (office) 387,520 Sales re
yawa3891 [41]

Answer:

 condenced income statement  

   

net sales                                  4699520

cost of sales                          (3097360)

opening stock     599200  

purchase            3120320  

returns                   ( 16800 )

frieght in                     80640  

closing stock             (686000)  

gross profit                              1602160

other incomes                      299040

purchase discount  30240  

rent income                268800  

expenses                               (1092448 )

office salary                 387520  

sales salary                 31808  

sales discount         38080  

commission                 92960  

selling costs                 77280  

telephone costs         19040  

accounting service 36960  

utility costs                35840  

insurance                26880  

mascellaneous         8960  

advertising               60480  

delivery costs               104160  

casuality loss               78400  

depreciation-office 53760  

depreciation-sales         40320  

   

operating profit                        808752

interest expense         197120     (  197120 )

profit before tax                          611632

tax expense                                (122326.4)

profit after tax                                           <u>489305.6</u>

Explanation:

To get the net sales we take sales and minus sales return. The unearned sales are not to be recorded until they are earned and its performance obligation is satisfied. The balance sheet items such as common stock, cash do not belong in the statement of comprehensive incomes. T o calculate tax expense we take profit before tax and multiply by the tax rate.

8 0
3 years ago
You and a friend are designing and selling artisan smartphone covers. The covers are decorated with tiny manufactured rhinestone
IgorC [24]
In a manufacturing business or any type of business, one must start with capital that can upstart the business and then must be sustained through revenue. This is important to maintain the cycle of the business. In the manufaturing business, rhinestones is a term to describe the capital.
5 0
3 years ago
Gilbert is an independent consultant who helps organizations select the right accounting software for their needs. After evaluat
tester [92]

Answer:

The principle of the Software Engineering Code of Ethics that Gilbert violated is:

Judgement (as related to full disclosure of personal involvement).

Explanation:

Gilbert is required by the Judgement Principle to "disclose those conflicts of interest that cannot reasonably be avoided or escaped."  Since Gilbert professionally believes that the software meets specifications, secures documents, and satisfies user requirements, it is not quite apparent if he violated any principle.  However, he could have informed his client of his personal interest in the software and also presented other software packages of other companies from which the client could make its independent choice.

8 0
3 years ago
A farmer has the ability to grow either corn or cotton or some combination of the two. Given no other information, it follows th
notsponge [240]

Answer:

The correct answer is c. is equal to 1.

Explanation:

4 0
3 years ago
Read 2 more answers
People who receive the benefit of a good without contributing to its costs of production are called?
masha68 [24]

Free riders are those who gain from a thing without contributing to its manufacturing expenses.

<h3>When the creation of a thing incurs external expenses, the?</h3>
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  • If a good has external costs connected with it (negative externalities), the social costs will be larger than the private cost.
  • Market failure may occur in the presence of external expenses. This is because the free market frequently ignores the existence of external expenses.
  • The cost to a third party of consuming/producing one more unit is known as the external marginal cost (XMC).

learn more about external costs refer:

brainly.com/question/14203073

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2 years ago
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