The principle where one firm's waste becomes the resource used by another firm is known as biomimicry.
<h3>What is
biomimicry?</h3>
Biomimicry is when the waste products of one firm becomes the resource that is used by another firm for production processes.
An example of biomimicry is when the scrap metals that is used to produce a machine is used by another firm to make a product.
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Answer:
$280
Explanation:
Given that Sales = $3,060
Minus: Cost of goods sold = $1,800
Gross Profit = $1,260
Minus: Operating expenses is = $600
Thus Operating profit is = $660
Minus: Interest = $146
Profit before tax = $514
Tax at 40% = $514 * 0.4 = $206
Net income (Income after-tax) = $308
Minus: Preferred stock dividend = $28
Earnings available to common stockholders = $280
Hence, in this situation, the correct answer is $280 per share
The bakery market in a large city is an example of Monopolistic competition.
Monopolistic competition exists when many companies offer competing products or services that are similar, but not perfect, substitutes. In this case, the bakeries in large cities that produce similar, but not identical products. The market structure is a form of imperfect competition.
Some of the characteristic of a monopolistic competition structure are;
The presence of many companies.
Each company produces similar but differentiated products.
Companies are not price takers.
Free entry and exit in the industry.
Companies compete based on product quality, price, and how the product is marketed.
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Answer:
Certified Development Company 504 Loan Program
Explanation:
The US Small Business Administration 504 Loan or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which also means real estate, buildings and machinery, at a price below the normal market rate. Its mission involve boosting the development of various businesses. The SBA offers a number of different loan programs linked to a particular capital need of growing businesses. The 504 program works by sharing the loan among three parties. The business owner puts in a minimum of 10%, a conventional lender which is the bank puts up 50%, and Certified Development Company (CDC) puts up the remaining 40%.
