Answer:
<u><em>The correct answer is:</em></u> clarifies (1) how the business will provide customers with value, and (2) why the business will generate revenues sufficient to cover costs and produce attractive profits.
Explanation:
The business model of a company is a tool that helps a new enterprise to enter the market seeking to understand all the variables that make up the business and that integrated will assist in providing value to customers and generating enough revenue to cover costs and produce attractive profits.
Because it is an easy tool to make, cheap and easy to implement, it is essential that each company develop its business model with a focus on creating value in order to achieve innovation and creativity for business success.
It is important for the entrepreneur to follow some steps to realize his business model, which can be constantly modified when he finds more creative strategies to generate business value. Some questions can be asked such as: What will be done, how will it be done, for whom will it be done and how much will be spent. According to all these premises, it will be possible to seek the best way to implement a business that is profitable and competitive in the market.
Answer:
$50.57 ; $175,573.6
Explanation:
The computation of the fixed and variable portions of overhead costs based on machine-hours using high low method is shown below:
Variable cost per hour = (High Overhead cost - low overhead cost) ÷ (High machine hours - low service hours)
= ($581,145 - $503,775) ÷ (8,020 hours - 6,490 hours)
= $77,370 ÷ 1,530 hours
= $50.57
Now the fixed cost equal to
= High overhead cost - (High machine hours × Variable cost per hour)
= $581,145 - (8,020 hours × $50.57)
= $581,145 - $405,571.4
= $175,573.60
Answer:
to show problem-solving skills, to demonstrate team-building skills
Explanation:
Problem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution. using skills as team building among others.
Clearly a candidat for a manufcturing position will suggest this enhance to demonstrate how he can solve a distribution problem (boxing) while improving work environment and creating team building (cooks)
Answer:
Whereas the SRAS curve is upward sloping, the LRAS curve is vertical because, given sufficient time, all costs adjust.
Explanation:
Answer:
c. Loan Estimate
Explanation:
The loan estimate has replaced the Good Faith Estimate in 2015. Both documents are given by the mortgage lender to the consumer. The main purpose of the documents is for the customer to compare different offers from different lenders.
The main difference is that the loan estimate form is more comprehensive and understandable for the customers.