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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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Vaughn’s standard quantities for 1 unit of product include 5 pounds of materials and 1.0 labor hours. The standard rates are $4
Lilit [14]

Answer:

$31.00

Explanation:

Calculation to determine what The total standard cost of Vaughn's product is

Using this formula

Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)

Let plug in the formula

Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)

Total standard cost of product=($20+$5)+$6

Total standard cost of product= $25.00 +$6

Total standard cost of product= $31.00

Therefore The total standard cost of Vaughn's product is $31.00

6 0
3 years ago
Which type of workplace discrimination occurs when an organization uses an employment practice that results in unfavorable outco
kipiarov [429]

Answer: When an organization uses an employment practice that results in unfavorable outcomes to a protected class it is known as the adverse impact principle.

This act takes place when a organization, wittingly or not, takes an action that will result in a individual's employment opportunity due to some elements beyond the individual's control.

6 0
3 years ago
A collection of data recorded over a weekly, monthly, quarterly, or yearly time interval is known as _______.
Anit [1.1K]

Answer:

Time series

Explanation:

A time series is a sort of data sequence or the collection of the data in which the data is measured or observed over the equal intervals of time over a period of time.

Therefore,

The sequence achieved is discrete time data.

This can be applied to the following type of data;

  • Real-valued
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8 0
3 years ago
Hemming uses a periodic inventory system. (a) Determine the costs assigned to ending inventory and to cost of goods sold using F
stepladder [879]

Answer:

(a) Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

Cost of Inventory 4,900

Cost of goods sold 13850

(b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.

Cost of Inventory 6,300

Cost of goods sold 12450

(c) Compute the gross margin for each method.

Sales = 36,000

FIFO

Gross profit Margin = (36000 - 13850) / 36000 = 61.5%

Gross profit Margin = (36000 - 12450) / 36000 = 65.4%

Explanation:

The working is attached in an MS Excel file with this answer. Please find it.

7 0
3 years ago
What pricing strategies do Mcdonalds use?
I am Lyosha [343]

Explanation:

<em>McDonald's uses the pricing approach, 'think global, act local'. They have proven to be affluent at using cost leadership pricing strategy by offering meals at low prices. Prices were kept low by: employing and training employees that are inexperienced instead of trained cooks.</em>

5 0
3 years ago
Read 2 more answers
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