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3 years ago

Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.

Business

2 answers:

spin [16.1K]3 years ago

7 0

Answer:

It is important to have a thorough knowledge of the product.

Thorough planning and sound strategy do not guarantee a business’s success.

Raising funds is necessary but may involve personal risk.

Ivanshal [37]3 years ago

4 0

Planning a start-up is one of the most difficult things that a new entrepreneur does when the business is not properly structured. However, some assumptions have to be made in the beginning and these are: It is important to have a thorough knowledge of the product and Customers exist for every product.

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Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear belo

oee [108]

Explanation:

The computation of the cost per equivalent units for each one is shown below:

For Material

= Cost added ÷ Equivalent unit of production

= $67,276 ÷ 13,900 units

= $4.84 per unit

For Labor

= Cost added ÷ Equivalent unit of production

= $27,025 ÷ 11,500 units

= $2.35 per unit

For overhead

= Cost added ÷ Equivalent unit of production

= $86,825 ÷ 11,500 units

= $7.55 per unit

4 0

3 years ago

Ten cavemen with a remaining average life expectancy of 10 years use a path from their cave to a spring some distance away. The

sergij07 [2.7K]

Answer:

a. B/C Ratio = 0.296

b. B/C Ratio = 2.964

c. Y = 12.05 USD will be the maximum amount charged by the manager.

Y = 12.05 x 10 = 120.54 USD for the whole group of 10

Explanation:

Solution:

Data Given:

Number of Individuals = 10

Number of Stones = 100

Life Expectancy = 10 Years

Annual benefit = 8.25 USD

Stone Removal Cost = 2.50 USD

Interest Rate = 2%

a. If all the stones are removed by one individual:

Cost = 100 stones x Stone Removal Cost

Cost = 100 x 2.50 = 250 USD

Now, we have to calculate the Benefit/Cost Ratio for this individual by using the following formula:

B/C Ratio = $\frac{AB (P/A, 2, 10)}{Cost}$

Where,

AB = Annual Benefit = 8.25 USD

(P/A, 2%, 10) = 8.983 (From the compound interest table)

Cost = 250 USD

B/C Ratio = $\frac{8.25 * 8.983}{250}$

B/C Ratio = 0.296

b. Each individual removing 10 stones.

Number of individuals = 10

So, the cost of removing the stones will be:

Cost = 10 x 2.50 = 25 USD

So,

B/C Ratio = $\frac{AB (P/A, 2, 10)}{Cost}$

B/C Ratio = $\frac{8.25 * 8.983}{25}$

B/C Ratio = 2.964

In this part, we are already given the B/C ratio, now we need to calculate the maximum amount charged by the manager for the help.

B/C ratio = 2

Let, Y be the amount of the manager. So,

B/C Ratio = $\frac{AB (P/A, 2, 10)}{Cost + Y}$

Plugging in the values and solving for Y:

2 = $\frac{8.25 * 8.983}{25 + Y}$

50 + 2Y = 8.25 x 8.983

2Y = 74.109 - 50

2Y = 24.109

Y = 24.109/2

Y = 12.05 USD will be the maximum amount charged by the manager.

Y = 12.05 x 10 = 120.54 USD for the whole group of 10

8 0

3 years ago

An infinite population in waiting line management refers to a population that is large enough in relation to the service system

Viktor [21]

Answer:

A) True

Explanation:

Calling population is the population of potential customers.Calling population can either be an infinite population or a finite population. To determine the difference between finite and infinite population, is their respective arrival rates as well as its effect in the system.

In an infinite population, its arrival rate is usually not affected by the number of customers already in the system. The system here, is an open system because customers arrive outside the system and leave the system only after the work has been completed. But in a finite population, its arrival rate is usually affected by the number of customers in the system. The system here, is a closed system and therefore, customers do not leave the system but only navigates from one server or queue to another.

6 0

3 years ago

Motor vehicle services technicians usually must provide their own tools as part of their employment. These tools are the propert

Sergio [31]

Answer:

the tool reimbursements should not be treated as income on the service technicians.

Explanation:

Any Reimbursement cannot be taxed because there is no income generated if actual reimbursement is made. So in the given case Tools Reimbursement received by the Technicians are not taxable because it is the amount spend by them for providing the service and actual reimbursement is made. No income has been generated in this.

This practice will reduce the income of the government by two side. One is on the side of the company we are allowing them with a business expenses thereby reducing their tax liability by reducing the profits and other is the same cannot be charged to tax from the side of the worker because it is just a mere reimbursement of actual expenses.

7 0

3 years ago

Daniela Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On Januar

Marysya12 [62]

Explanation:

for tanya:

realized gain

= (89000+3000) - adjusted basis of 80000

= 92000 - 80000

= $12,000

recognized gain:

this is what she received = $3000

adjusted basis:

= realized gain - recognized gain

= 12000 - 3000

= $9,000

b. for martins;

realized gain

= 92000 - his adjusted basis

= 92000 - (72000 + 3000)

= 92000 - 75000

= $17000

adjusted basis

= $92000 - 17000

= $75,000

c. recognized gain for martin

amount sold - adjusted basis

= 120000 - 75000

= $45000

7 0

3 years ago