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3 years ago

In which business stage do you decide whether a business opportunity is a good fit for you personally?

Business

2 answers:

Bumek [7]3 years ago

4 0

Answer: startup

Explanation:

The start up phase is when the entrepreneur puts their time effort and money the most, he or she has to come up with ideas and consistently implement them hence if the owner can decide if the the business opportunity is not for them at this stage because they will not be willing to through all that if they are not passionate

tester [92]3 years ago

4 0

Answer:

The correct answer is "identify".

Explanation:

At the identify stage, it is easier to identify if a business opportunity is a good option. In this stage, the main notions about the future business are highlighted. Strengths and weaknesses can be observed, as well as the possibility of performing an opportunity cost analysis before investing.

Have a nice day!

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Mark avoids high-end brands as he considers them expensive. However, during one of his shopping trips, he notices that a luxury

balandron [24]

Answer:

Just Meaningful Difference 

Explanation:

The Just meaningful difference , or simply JMD, Symbolizes the slightest amount of stimulation shift which would impact consumption and preference of consumers.

Example will include, when a price of a can of soda increases slightly from $2.36 to $3.28

8 0

3 years ago

Suppose that Portugal and Switzerland both produce fish and olives. Portugal's opportunity cost of producing a crate of olives i

Rashid [163]

Answer:

Portugal has comparative advantage in producing olives.

Switzerland has comparative advantage in producing fish.

Portugal can gain from trade if it receives more than 3 pounds of fish per crate of olives.

Switzerland can gain from trade if it receives more than 1/11 of olives for each pound of fish.

d. 18 pounds of fish per crate of olives.

Explanation:

Switzerland and Portugal both countries can produce Olives and fish. One country has advantage in producing fish while other has advantage in producing olives. Both countries can gain from trade if they find a intermediary way so that both countries can be in win win situation. It is beneficial for Portugal if it trades with Switzerland if it receives more than 3 pounds of fish.

4 0

3 years ago

The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation achi

nata0808 [166]

Answer:

Margin Of Safety= $275,862

Explanation:

We can calculate the margin of safety easily by the formula given below

Formula: Margin of safety = Budgeted sales - Breakeven sales

As breakeven sales are not given in the data Firstly we need to find out break even sales in order to calculate margin of safety

Breakeven sales= $\frac{Total fixed cost}{Contribution margin ratio}$

As you can see in the data fixed cost s given but contribution margin ratio is not

Contribution margin(Sales revenue - All variable cost)= $1,000,000 - ($270,000 + $240,000 + $150,000 + $50,000) = $1,000,000 - $710,000 = $290,000

Sales price per unit = Total sales/Number of units sold

Sales price per unit= $1,000,000/50,000 = $20

Budgeted contribution margin= $290,000/50,000 = $5.80

Contribution margin ratio = Budgeted contribution margin per unit/Sales price per unit

Contribution margin ratio = $5.80/$20 = 29%

Lets put values in breakeven formula to find breakeven sales

Breakeven sales= $\frac{Total fixed cost}{Contribution margin ratio}$

Breakeven sales= $\frac{210000}{0.29}$

Breakeven sales= $724,138

Now we have both budgeted sales and breakeven sales, we can easily calculate e of safety

Margin of safety = $1,000,000- $724,138

Margin of safety = $275,862

7 0

4 years ago

The useful life of a new plant asset _____. is the same as the asset's total productive life. might not exceed one year. might b

gulaghasi [49]

Answer:

The correct answer is letter "C": might be estimated based on the experience of others or on engineering studies and judgment if the company does not have past experience with a similar asset.

Explanation:

A company's assets represent the cash, patents, accounts receivable, equipment, plants, and land, among others, useful for the firm to generate profit. When it comes to plant assets, they are considered fixed assets for cost accounting purposes and are nothing but the land, buildings and machinery useful for manufacturing.

Calculating the useful life of a plant asset can be complicated and may require engineering studies. However, if the expertise of an employee is good enough to determine it the firm must take advantage of this strength but if there is nobody with this capability the institution should look for someone who does moreover when it does not have experience computing the useful life of such assets.

8 0

3 years ago

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be _____

Lelechka [254]

Answer:

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be 40%, and the gross profit must be $17,250.

Explanation:

The income statement is missing, so I looked it up and the information given was:

Revenue 100,000
COGS 40,000
Gross Profit 60,000
Salaries
Marketing
Rent
Earnings Before Tax 23,000
Income Tax 25%
Net Income ?

Since COGS are$40,000 and total sales are $100,000, the COGS margin percentage = 40,000 / 100,000 = 40%

Since earnings before taxes are $23,000 and taxes are 25%, then net income = $23,000 x (1 - 25%) = $23,000 x 75% = $17,250

4 0

3 years ago