Answer:
C. Entrepreneurs aren’t exposed to any risk when starting a new business.
Explanation:
Entrepreneurs are the person who starts their own business and took a financial risk from the start. Entrepreneurs manage the activities on their own, develop new ideas. and create the team for the benefit of the organization
Therefore, Entrepreneur exposed to the financial risk while starting their own business
hence, the correct option is C.
Answer:
If prices are cut by $0.2 then the operating income will increase by $91,200.
Explanation:
Current Gross Profit is :
Revenue [240,000 * $6] = $1,440,000
Cost of Sales = $1,416,000
Gross Profit = $24,000
If selling price is reduced to $5.80
Revenue $5.80 * [ 240,000 * 1.10 % ] = $1,531,200
Cost of Sales $1,416,000
Gross Profit = $115,200
Answer:
C $ 57,282.803
Explanation:
We solve for a growing annuity at arithmetic increases of 5,000
a1 = 30,000
d = 5,000
r = 0.10
time = n = 10
PV $298,793.72
Now, we calculate the installment of this which is the equivalent uniform annual cost
PV 298,793.72
time 10
rate 0.14
C $ 57,282.803
The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Therefore, Option D is the correct statement.
<u />
<h3>What is the relationship between price and quantity?</h3>
<u />
The law of supply and demand is a keystone of present-day economics. According to this theory, the price of a good is inversely associated with the quantity offered.
This makes the experience for plenty of goods because the more high-priced it becomes, much fewer people could be capable of affording it and the demand will finally drop.
Therefore, The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Option D is the correct statement.
learn more about law of demand:
brainly.com/question/10782448
#SPJ1
Answer:
You can put this solution on YOUR website!
A 1987 advertisement in the New Yorker solicited offers on a 1967 Mercury Cougar XR7 (Motor Trend's 1967 car of the year) that had been stored undriven in a climate controlled environment for 20 years.
If the original owner paid $4000 for this car in 1967, what price would he have to receive in 1987 to obtain a 10 percent annual return on his investment?
---------
If the 10% is compounded yearly the price is as followed.
A(10) = 4000(1+(0.10/1))^(10*1)
---
A(10) = 4000(1.1)^10
---
A(10) = $10,374.97
======================
Cheers,
Stan H.
