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4 years ago

discuss the role of family members in assisting in the process of decision making about starting an own business

1 answer:

4 0

Family members can give advice but if they are not a business partner, then they don't have much of a say in the business.

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The SBA provides information for which group of people?

Viktor [21]

Answer:

people starting and operating small businesses

Explanation:

In business terms, SBA stands for Small Business Administration.

This is a government agency that was formed in 1953 with the purpose of providing small scale entrepreneurs with various types of supports. Such as education about how to operate a business, small loans as their beginning capital, etc.

The government created this administration to encourage production of goods that stimulate the growth of the nation's Economy.

4 0

4 years ago

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 65,00

balandron [24]

Answer:

1. The total incremental cost of making 65,000 units of RX5

Total Direct Material + Total direct Labour + Variable Overhead cost

Total Direct Material = 65,000 units * $5 = $325,000

Total Direct Labour = 65,000 units * $9 = $585,000

Variable Overhead cost = $65,000 * 10 = $650,000. $650,000 *(1- 80%) = $650,000 *20% = $130,000

Hence, The total incremental cost of making = $325,000 + $585,000 + $130,000 = $1,040,000

2. The total incremental cost of buying 65,000 units of RX5 =

The cost to buy the units = 65,000 units * $18 = $1,170,000

3. The company should be making the RX5 because the total cost of making the 65,000 unit of RX5 is lesser than cost of buying the 65,000 units of RX5

4 0

4 years ago

Final Exam

Lyrx [107]

I may be wrong but I believe it was copper that’s why some america coins are still made out of it today

4 0

3 years ago

Juanita makes $30 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $3

Phoenix [80]

Answer:

Juanita should purchase the suit at the store across town because the total economic cost will be lowest.

Explanation:

three options:

local store 15 minutes away and a price of $114
across town 30 minutes away and a price of $86
neighboring city 1 hour away and a price of $60

Juanita makes $30 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:

total economic cost:

local store = $114 + [1/4 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $144
across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131
neighboring city = $60 + [1 hour x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $135

Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($131)

Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.

5 0

3 years ago

Daniel’s family exports custom cowboy hats to Australia and Brazil. Would a “stronger” dollar be helpful to their business?

grandymaker [24]

Answer:

I would have to say A. Yes

Explanation:

If they have a stronger dollar that doesn't drop in value quickly then they can keep on accepting that currency reliably.

5 0

3 years ago

Read 2 more answers