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dangina [55]
3 years ago
9

Which concept do businesses Which professional source provides entrepreneurs with expertise and knowledge about buying an existi

ng business in return for commission?use to earn income?
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
8 0

Answer:

Business brokers

Explanation:

Business brokers are the professional sources that provides entrepreneur with expertise and knowledge about buying an existing business in return for commission.

Although, it is common among entrepreneurs to buy off existing businesses rather than starting afresh, yet they would hire business brokers who are responsible for providing best investment decision to them in return for commission .

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Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres
oee [108]

Answer:

b) overall low-cost leadership

Explanation:

By Michael Porter, this is one of the <em>generic strategies</em>. This strategy implies that the company is dominating the market by securing a low-cost approach across all channels (supplier side, customers, rivals). This is generally achieved by low operating costs and by the factors listed out in the example itself (influencing rivals and suppliers). This type of strategy puts a company ahead of most of its competitors.

3 0
3 years ago
James Perkins wants to have a million dollars at retirement, which is 15 years away. He already has $200,000 in an IRA earning 8
Lelu [443]

Solution :

Given :

James needs $ 1,000,000 after 15 years.

His IRA deposit is $ 200,000 and is earning at the rate of 8% per annum.

Maturity value of $200,000 after 15 years = 2000000 \times( 1.08)^{15}

                                                                     = $ 634,434.

Balance fund needed after 15 years = 1,000,000 - 634,434

                                                           = $ 365,566

Therefore, the future value of the annuity is :

FV=A[\frac{(1+k)^n-1}{k}]

Here, FV = future annuity value = 365,566

            A = periodical investment

            k = interest rate = 8%

            n = period = 15 years

∴365566 = A\frac{[(1.08)^{15}-1]}{0.08}

       A = 13,464

Thus, James needs to save $ 13,464 each year end to reach his target.

4 0
3 years ago
How can you solve circle geometry in a simple way​
lisabon 2012 [21]

Answer: by using the formula A=pi(3.14) R(radius) squared

Explanation:

Hope that helped

8 0
3 years ago
Read 2 more answers
Thomas Joslin was judged at fault in an automobile accident. Three others were awarded damages of $156,000, $75,000, and $69,000
Mrrafil [7]
$69.000 because it’s an less amount
6 0
3 years ago
As of December 31, Year 1, Flowers Company had total assets of $220,000, total liabilities of $66,000, and common stock of $110,
liberstina [14]

Answer:

(b) After-closing balance in the Retained Earnings account on December 31, Year 1,

Total Stockholder's equity = Total assets - Total liabilities

                                            =  $220,000 - $66,000

                                            = $154,000

After-closing balance of Retained Earnings = Total Stockholder's equity - Common stock

                                                                        = $154,000 - $110,000

                                                                        = $44,000

(a) Before-closing balance in the Retained Earnings account on December 31, Year 1.

Net Income = Revenue - Expenses

                   = $40,000 -  $23,000

                   = $17,000

Before-closing balance of Retained Earnings:

= After-closing balance of Retained Earnings + Dividend paid - Net Income

= $44,000 + $3,200 - $17,000

= $30,200

(c) Before-closing balances in the following accounts:

Revenue = $40,000

Expenses = $23,000

Dividend = $3,200

(d) After-closing balances in the following accounts:

Revenue = $0

Expenses = $0

Dividend = $0

Because revenue and expenses are transferred to income statement and dividend are transferred to retained earnings.

6 0
3 years ago
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