The combined efforts of Jose and his cousin in the <em>building and creation</em> of his small restaurant is referred to as:
<h3>What is Sweat Equity?</h3>
- Sweat equity is a term used to described the contribution made during the star-up of a business, project or enterprise which are in form of hard-work or effort.
- Sweat equity is usually common for small start-ups where the owners do the actual work themselves to save cash or when they are unable to contribute financially for the start-up.
Therefore, the combined efforts of Jose and his cousin in the <em>building and creation</em> of his small restaurant is referred to as:
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Answer:
True
Explanation:
When a company finds itself in a country that has a competitive advantage in a particular product and the company produces goods aimed at competiting against the local market by using international production. It will most likely fail as it cannot meet up low cost of local firms.
If however the manager's of the company make a strategic decision of manufacturing locally, this will take advantage of the lower cost of production.
The company can take ownership of a local firm through which it can successfully produce locally.
Answer:
Beginning WIP= 122,000
Explanation:
Giving the following information:
Cost of goods manufactured= $524,000
Ending work in process= $79,000
Raw materials used in the production of $89,000
Direct labor of $145,000
Manufacturing overhead of $247,000
To calculate the beginning work in process we need to use the cost of goods manufactured formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
524,000= Beginning wip + 89,000 + 145,000 + 247,000 - 79,000
Beginning WIP= 122,000
Answer:
The Correct answer is "The Company’s cost of branded pair sold in the Asia-Pacific region was barely below the industry average".
Explanation:
At the point when the working benefits of the Company's Cost of branded pair sold in the Asia-Pacific district is below the normal of industry-high qualities, the organization's expense of branded pair sold in that area turns out to be subsequently a legitimate sign that there is positively Company's too high relative expense in atleast one components that it enjoys.