All categories

4 years ago

Mention two successful (prominent) entrepreneurs in south Africa

1 answer:

5 0

<span>One of the young and successful entrepreneur Mubarak Muyika of Kenya. AT age 20 years old, he founded Zagace Limited is a software helping companies evaluate their inventory: accounting, payroll, stock management, marketing, etc. Next is Bheki Kunene of South Africa. AT age 27, he founded Mind Trix Media providing jobs and a profit.</span>

You might be interested in

Shareholders are sometimes referred to as disenfranchised, or having synthetic ownership . What does this mean

artcher [175]

When shareholders are referred to as disenfranchised or having synthetic ownership it means that the shareholders while owning the majority stock have the real right in selling the stock and not in possession.

<h3>What is disenfranchised or synthetic ownership of stock?</h3>

Disenfranchise or synthetic ownership means that shareholders do not own the underlying stock but have the right to sell, thereby providing them with consistent cash flows.

Thus, when shareholders are referred to as disenfranchised or having synthetic ownership it means that the shareholders while owning the majority stock have the real right in selling the stock and not in possession.

Learn more about stock ownership at brainly.com/question/25818989

3 0

3 years ago

Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $540,000. In addition to the purchase price, FVI makes the followi

Dafna1 [17]

Answer:

The amount FVI should record is $ 617,200

Explanation:

The amount FVI should record as the cost of the land includes the initial purchase price ,broker's commission,title insurance ,miscellaneous closing costs as well as the cost of dismantling the old warehouse since all of these costs were incurred to bring the asset acquired to its present condition and location.

land purchase price $540,000

broker's commission $34,000

title insurance $2,400

miscellaneous closing costs $6,800

Cost of demolition $34,000

total costs $617,200

7 0

3 years ago

Read 2 more answers

Account A pays 13.8% interest per year. Account B pays 13.5% interest per year, compounded monthly. Account C pays 13% interest

alexandr1967 [171]

Answer:

1. Future value (FV) = $4,717

2. Future value (FV) = $5,189

3. Future value (FV) = $5,237

Explanation:

Requirement 1

Assume that the present value of the investment is $1,000.

We know, Compounding yearly,

FV = PV*(1 + i)^n

Given,

Present value (PV) = $1,000

Interest rate, i = 13.8% = 0.138

number of periods, n = 12 years

We have to calculate the future value of the investment.

Therefore,

FV = $1,000 × $(1 + 0.138)^{12}$

or, FV = $1,000 × $1.138^{12}$

or, FV = $1,000 × 4.7174

Therefore, Future value (FV) = $4,717

Requirement 2

Again, Assume that the present value of the investment is $1,000.

We know, Compounding monthly,

FV = PV × $(1 + \frac{i}{m})^{m*n}$

Given,

Present value (PV) = $1,000

Interest rate, i = 13.8% = 0.138

number of periods, n = 12 years

compounding period (monthly), m = 12

We have to calculate the future value of the investment.

Therefore,

FV = $1,000 × $(1 + \frac{0.138}{12})^{12*12}$

or, FV = $1,000 × $(1 + 0.0115)^{144}$

or, FV = $1,000 × $1.0115^{144}$

or, FV = $1,000 × 5.1890

Therefore, Future value (FV) = $5,189

Requirement 3

Again, Assume that the present value of the investment is $1,000.

We know, Compounding daily,

FV = PV × $(1 + \frac{i}{m})^{m*n}$

Given,

Present value (PV) = $1,000

Interest rate, i = 13.8% = 0.138

number of periods, n = 12 years

compounding period (daily), m = 365

We have to calculate the future value of the investment.

Therefore,

FV = $1,000 × $(1 + \frac{0.138}{365})^{365*12}$

or, FV = $1,000 × $(1 + 0.000378)^{4,380}$

or, FV = $1,000 × $1.000378^{4380}$

or, FV = $1,000 × 5.2367

Therefore, Future value (FV) = $5,237

4 0

4 years ago

The manager of Flogymki, a newly opened continental restaurant, decides to organize the restaurant's labor force into separate d

Romashka [77]

Answer: Functional departmentalization

Explanation: In a functional departmentalization structure, the company tries to organize the employees into groups based upon the specific skills they possess. The activities performed by such groups are different from each other but the employees within groups performs the same task.

In the given case, the manager is dividing the company as per the purchase,serving and home delivery etc. It is evident that the grouping is done upon the specific activities to be performed.

Hence we can conclude that the correct option is B.

5 0

3 years ago

Before the year began, Venus Manufacturing estimated that manufacturing overhead for the year would be $ 175 comma 900 and that

Veseljchak [2.6K]

Answer:

Allocated MOH= $136,479

Explanation:

Giving the following information:

Estimated that manufacturing overhead for the year= $175,900

Estimated Direct labor hours= 25,900

Actual direct labor hours= 20,100

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 175,900/25,900= $6.79 per direct labor hour

Now, we can allocate the overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 6.79*20,100= $136,479

4 0

3 years ago