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3 years ago

Explain the role of an entrepreneur in the economy

Business

1 answer:

Ostrovityanka [42]3 years ago

5 0

To start their own business, usually this supports their local economy however still depending on their success.

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1. A company expects to sell 400 units of Product X in January and then expects sales to increase by 10% per month. If Product X

Len [333]

Answer:

1. $13,240

2. 16,000 units

3. 22,000 units.

Explanation:

The question is answered as follows

Part 1: Determine the total sales for the first quarter as follows

January Sales in Units = 400 Units

February Sales Units = 400 x 110% or 1.1= 440 units

March Sales Unites = 440 x 110% or 1.1. = 484 units

Total Sales = 1,324 x $10 = $13, 240

Part 2: Determine Production In August

Production in August making use of the relevant figures

= Expected units + (Expected units in september x 80%) - Inventory on August 1

= 12,000 + (0.8 x 15,000) - 8000= 16,000 Units

Part 3: Determine the Production Units as follows

Sales Units + Closing Inventory of finished goods - The Opening Inventory of finished goods

= 20,000 units + 5,000 units - 3000 units = 22,000 units

3 0

3 years ago

Read 2 more answers

3. A project manager is trying to complete a software development project, but cannot get enough attention for the project. Reso

Hitman42 [59]

The form of organization must the project manager be working in Functional.

<h3>What is the meaning of organization?</h3>

Organization refers to the group of the people working together in order to achieve organizational goal. The aim of every organization is maximization of the profits.

In the above case, the project manager is trying to complete a software development project but is unable to get the attention on the project. all the resources are under completion of the different works.

This implies that form of organization must the project manager be working in Functional because he has little powers to make the use of the resources.

Learn more about the project here:

brainly.com/question/15999858

#SPJ1

7 0

2 years ago

C.B. Management, Inc., had a franchise agreement with McDonald’s Corp., to operate McDonald’s restaurants in Cleveland, Ohio. Th

statuscvo [17]

Answer:

Who is the franchisor? McDonald's

Who is the franchisee? C.B. Management Inc.

In a franchise relationship, the franchisee is economically dependent on the franchisor's business system.

The franchise relationship is defined by the contract.

Did C.B. Management, Inc.’s failure to make a payment due more than thirty days earlier constitute a breach of the franchise contract? YES

Why? A) the contract provided McDonald's could terminate the contract when a payment was more than 30 days late.

Did the contract provide that the acceptance of a late payment waived McDonald's right to terminate for late payments? NO

What does an implied covenant of good faith and fair dealing require? That the parties act reasonably.

Did McDonald's act of accepting late payments in the past transform McDonald's right to terminate into a discretionary decision governed by the standard of good faith and fair dealing in the future? NO

Why? Which one of these reasons is not correct? B) the actions of the parties control this issue.

A court would likely find for McDonald’s

8 0

3 years ago

The distinction between substitutes and complements is

gregori [183]

A substitute is something you replace and use something different in it's place.

Complement is something added to enhance the original

8 0

3 years ago

Willis Company had $200,000 in credit sales for 2016, and it estimated that 2% of the credit sales would not be collected. The b

HACTEHA [7]

Answer:

True

Explanation:

It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.

The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000

Credit Sales $ 200,000

Cr Allowance for Uncollectible Accounts $ 4,000

Dr Accounts receivable $ 38,000

Net Realizable Value of Accounts receivable $ 34,000

7 0

4 years ago