All categories

3 years ago

3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons

1 answer:

3 0

Profit maximization is usually a main aim of most businesses in the private sector.

1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.

2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.

3) Profit is required for the business to survive in competitive markets.

You might be interested in

How has adopting a franchise model made PODS more adaptable?

Nookie1986 [14]

Adopting a franchise model made PODS more adaptable as franchise bring the local connections to the business giants as it carries the large networks.

<h3>What is Franchise?</h3>

Franchise the license granted by the government or the large organizations to carry out the business activities. for example :- Providing the delivery services to the company.

The franchise model helped the PODS (Portable On Demand Storage) to carry out the business activities by having the local connections.

Learn more about the Franchise here:

brainly.com/question/3032789

#SPJ1

6 0

2 years ago

A product enters the maturity phase of the life cycle, during which cells are strong but growth is slowing. What product managem

MaRussiya [10]

Answer:

Explanation:

If you improve product performance more people would want to buy the one with improved performance.

5 0

3 years ago

Read 2 more answers

The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $135,759 Common Stock $52,705

LiRa [457]

Answer:

The correct option is the third one,$250,687

Explanation:

The key to ascertaining is accounting equation which that assets equal capital plus liabilities.

This implies that by determining the capital and liabilities,total assets sorted out.

Common stock $52,705

*Retained earnings for the year $62,223

Total equity and retained earnings $114,928

total liabilities $135,759

Total equity and liabilities $250,687

Total assets=total equity and liabilities=$250,687

Retained earnings for the year=prior year retained earnings+net profit-dividends paid

prior year retained earnings $40,723

net profit is $36,500

dividends is $15,000

*retained earnings for the year=$40,723+$36,500-$15,000=$62223

8 0

3 years ago

When a commercial item is procured by the government, what will the contractor provide to the government that documents the func

Kitty [74]

<span>When a commercial item is procured by the government, the contractor will provide a </span>TDP or Technical Data Package<span> to the government</span> that documents the functional, performance, and physical characteristics of their product and will assist in the development of configuration management efforts.

4 0

3 years ago

A consultant predicts that there is a 25 percent chance of earning $500,000 and a 75 percent chance of earning $100,000. The exp

antiseptic1488 [7]

Answer:

$173,205

Explanation:

According to the scenario, computation of the given data are as follows:

Given data:

Earning (X1) = $500,000

Chances of X1 (Y1) = 25%

Earning (X2) = $100,000

Chances of X2 (Y2) = 75%

Expected Profit (Z) = $200,000

Formula for solving the problem are as follows:

Standard deviation = [ (X1 - Z)^2 × Y1 + (X2 - Z)^2 × Y2 ]^1/2

By putting the value in the formula, we get

Standard deviation = [ ($500,000 - $200000)^2 × 0.25 + ($100,000 - $200,000)^2 × 0.75 ]^1/2

= [ $22,500,000,000 + $7,500,000,000 ]^1/2

= ($30,000,000,000)^1/2

= $173,205.08 or $173,205

Hence, $173,205 is the correct answer.

6 0

3 years ago