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Dima020 [189]
3 years ago
8

Tishian's funeral home has been in business for over 80 years. throughout its history, the firm has been a family-run operation.

today, the business is managed by mort tishian, a grandson of the founder. unfortunately, mort tishian's tenure has been plagued with problems neither his father nor grandfather before him experienced. the reason is simple: the funeral business is undergoing rapid change. small, family-owned funeral homes are losing ground to a new type of competitor, a large national network service that resembles a franchise system. more and more families "in their time of need" are choosing the new, highly promoted competitors instead of the traditional small family-operated funeral homes. this trend has required a response from organizations like tishian's funeral home. bigger and better facilities are needed to remain competitive. all of this puts more pressure on the family owners to be more active in the financial side of the business. mort summed it up best when he said, "grandpa told people, 'you pay me when you can, i ain't goin' nowheres.'" his creditors did the same with him. today, it's a different game. cash flow is key, and obtaining funds is no simple task. additionally, creditors want their money now, not later. banks are also more demanding. "heck, grandpa knew all the bankers he dealt with personally. i see new faces every time i go to the bank. if things don't get better, i suspect after eighty years of service, tishian's funeral home will have its own funeral." mort is seriously considering a major expansion in the size of his funeral home. the money spent on this type of project would be classified as a(n):
Business
1 answer:
creativ13 [48]3 years ago
6 0
<span>Mort's grandfather had his business strategy, in other words, his own principles, which he put it as ''you pay me when you can, I ain't goin' nowheres''. Mort mentions that cash flow is very important. Indeed, he</span> needs to develop a short-term forecast, which is a prediction of revenue, costs, and expenses for a period of a year or less. 
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The purpose of the ______________________ is to address financial uncertainty and provide the nation with a more stable economy.
katen-ka-za [31]

Answer:

The Federal Reserve System

Explanation:

The Federal Reserve System represents the United State's Central bank. It is also called either the Fed or the Federal Reserve.

Created by the U.S. congress, the Fed is in charge of the affairs of the financial system of the United States. Specifically, it was created to ensure that the financial system is flexible, safe and <u>monetarily stable</u>.

The Fed regulates banking activities, maintains the stability of the financial system and is also in charge of the monetary policies adopted in the United States.

8 0
3 years ago
What factors determine business ethics?
irinina [24]

Answer:

a.how a company treats employees

b. how a company treats consumers

c. whether a company obeys the law

e. whether a company respects the community

f. whether a company respects the environment

Business ethics refer to an area of study involving proper business policies and practices. Generally, the laws governing companies help them form a framework to adhere to in order to gain acceptance from society.

Hence, the way in which a company treats its employees and customers, its compliance with the laws of the land, and the way it acknowledges its responsibility to the community and environment are some of the factors that determine business ethics.

6 0
3 years ago
Read 2 more answers
At the beginning of 2018, Midway Hardware has an inventory of $310,000. Because sales growth was strong during 2018, the owner w
nalin [4]

Answer:

$1,625,000

Explanation:

For computing the purchase amount first we have to determine the cost of goods sold which is shown below;

As we know that

Cost of goods sold = Sales revenue - gross profit

                               = $2,100,000 - $2,100,000 × 25%

                               = $2,100,000 - $525,000

                               = $1,575,000

Now the purchase amount is

Cost of goods sold = Beginning inventory + purchase - ending inventory

$1,575,000 = $310,000 + purchase - $360,000

So, the purchase amount is $1,625,000

4 0
3 years ago
How can a world-wide pandemic (a negative externality) lead to a disequilibrium in most markets?​
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Because the consumers are losing jobs, which leads to less purchases. Hope this helps!
6 0
3 years ago
Countertops Unlimited, a manufacturer of kitchen and bath countertops, had the following information for production last period:
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Answer:

Countertops Unlimited Manufacturing Account for the year ended

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Beginning material inventory                      $16,000.00

Less Closing Work in progress                   $30,000.00

(WIP) Inventory                                             <u>                     </u>

Ending material inventory                        -$14,000.00

Factory Overhead Cost

Material purchased     $205,000.00

Direct labor                $65,000.00

Indirect labor             $20,000.00

Indirect material used  $55,000.00

Factory rent                   $35,000.00

Utilities                           <u>$15,000.00</u>               <u>395,000,000</u>

Total  Manufacturing Costs                           <u>$381,000.00</u>

3 0
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