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3 years ago

A business started from scratch can have bigger rewards than a franchise if it succeeds. True or False

2 answers:

8 0

True, any business can outdo a franchise, all it takes is enough money and brain power! I hope this helps! P.S I would love it if I got that fantastic Brainiest answer

Helga [31]3 years ago

7 0

The answer to this one is true.

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Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical servic

asambeis [7]

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:(D.) Inverse

What are free market conditions?

The relationship between quantity demanded and price normally, where the market forces are left to determine the happenings in the market, is inverse, in that as the quantity demanded increases prices decrease.

In the same vein, the relationship between the quantity of medical services demanded and the price of medical services, is also inverse which means that the amounts charged by doctors for medical treatment reduces, there would be more patients, since the cost is now cheaper which discourages people to seek alternative medicine.

Find out more about demand-price relationship on:brainly.com/question/26264326

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Full question:

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:

A. Unknown

B. Equal

C. Direct

D. Inverse

3 0

1 year ago

What is Jared's accounting profit? Suppose Jared could have used his talents to run a similar kind of business instead. If he va

Deffense [45]

Answer:

Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one.

After working as a head chef for years, Jared gave up his $60,000 salary to open his own restaurant last year. He withdrew $50,000 of his own savings that had been earning 4% interest and borrowed another $100,000 from the bank at a rate of 5%. As the restaurant space he was leasing had no separate office, Jared converted his basement apartment into office space. He had previously rented the apartment to a student for $300/month. The following table summarizes his operations for the past year.

Total sales revenue $590,000

Employee wages $120,000

Materials $350,000

Interest on loan $5,000

Utilities $10,000

Rent $25,000

Total explicit costs $510,000

a, What is Jared's accounting profit?

b, Suppose Jared could have used his talents to run a similar kind of business instead. If he values his entrepreneurial skill at $10,000 annually, find Jared's total implicit costs.

c, What was Jared's economic profit last year?

My answer:

a. , What is Jared's accounting profit?

As we know that accounting profit is the difference between total sales revenue and Total explicit cost, from the table we can find that:

$590,000 - $510,000 = $80,000 is the accounting profit

b. Jared's total implicit costs.

Implicit costs include his foregone wages ($60,000), the value of his entrepreneurial skill ($10,000), foregone rent on the apartment ($3,600 = 12 x $300) plus the foregone interest on his savings ($2,000 = .04 x $50,000). These total $75,600.

c. What was Jared's economic profit last year?

Explicit plus implicit, was $585,600 = $510,000 + $75,600. His economic profit is the difference between revenue and economic cost, or $4,400 (= $590,000 – $585,600).

8 0

3 years ago

Monica has strong interpersonal skills. At international business forums, she can work out solutions between people without gett

n200080 [17]

Answer:

C. negotiation

Explanation:

-Computer skills are abilities that allow you to use computers and software in the right way.

-Analytical skills are abilities to evaluate information to solve problems.

-Negotiation skills are abilities that allow parties to reach an agreement.

-Business ethics skills are abilities to make good business decisions according to people's values.

According to this, the skill that Monica has is negotiation.

5 0

3 years ago

Smith Company’s adjusted trial balance on August 31, 2013, its fiscal year-end, follows.

CaHeK987 [17]

A compute the company’s net sales for the year

6 0

3 years ago

A comparative balance sheet for Sarasota Corporation is presented as follows.

Bond [772]

Answer:

Sarasota Corporation

1. Statement of Cash Flows for the year ended December 31, 2020:

Operating Activities:

Net Income $129,720

Non-cash adjustment:

Depreciation 26,680

Cash from operating $ 156,400

Changes in working capital:

Accounts Receivable (15,680)

Inventory 9,320

Accounts Payable (13,320)

Net cash from operating activities $136,720

Investing Activities:

Land 39,320

Equipment (59,680)

Net cash from investing activities $(20,360)

Financing Activities:

Cash dividends $(65,680)

Net cash inflows $50,680

2. Sarasota Corporation's:

a) Current Cash Debt Coverage = Cash from operating activities/Current liabilities

= $136,720/$36,360

= 3.76

b) Cash Debt Coverage = Cash from operating activities/Total liabilities

= $136,720/$186,360

= 0.73

c) Free Cash Flow = Cash from operating activities minus Capital expenditure

= $136,720 - 59,680

= $77,040

Explanation:

a) Data and Calculations:

Sarasota Corporation

Comparative Balance Sheets

As of December 31 2020 and 2019:

Assets 2020 2019 Increase Decrease

Cash $ 72,680 $ 22,000 $50,680

Accounts receivable 84,360 68,680 15,680

Inventory 182,360 191,680 $9,320

Land 73,360 112,680 39,320

Equipment 262,360 202,680 59,680

Accumulated Depreciation-Equipment

(71,360) (44,680) 26,680

Total $603,760 $553,040

Liabilities and Stockholders' Equity

Accounts payable $ 36,360 $ 49,680 13,320

Bonds payable 150,000 200,000 50,000

Common stock ($1 par) 214,000 164,000 50,000

Retained earnings 203,400 139,360

Total $603,760 $553,040

b) The decrease in bonds is not a cash flow. The increase in Common Stock is not a cash flow. The two are exchanges. In calculating the free cash flow, the cash proceeds from sale of land were not taken into consideration because the sale was a one-off transaction and not part of the operating activities of Sarasota Corporation.

4 0

3 years ago