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tekilochka [14]
3 years ago
10

Martha estimates that the fixed costs associated with opening her new hair salon are $100,000. She expects the salon to attract

500 new customers in the first year, each of which will cost $25 to service. Martha expects to generate $50,000 per year in revenue. For Martha, the total cost of opening her hair salon and staying in business for one year will be
Business
1 answer:
Helga [31]3 years ago
3 0

Answer:

$112,500

Explanation:

In the question above, the fixed costs are = $100,000.

variable costs are = $25 each customer. If she expects the footfall of customers to be 500 in an yearn, then the total variable cost = 500*25 = $12500.

Total costs = 100000 + 12500 = $112500.

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Garden World uses the retail method to estimate its monthly cost of goods sold and month-end inventory. At May 31, the accountin
chubhunter [2.5K]

Answer:

The estimated inventory at May 31 is $352,549

Explanation:

In order to calculate the estimated inventory at May 31 we would have to calculate the following formula:

Estimated closing inventory=(resale of goods- sales in may)*(beginning inventory plus purchases/resale of goods

Estimated closing inventory=($1,020,000-$400,000)*($580,000)/$1,020,000)

Estimated closing inventory =($620,000*$580,000)/$1,020,000

Estimated closing inventory =$352,549

The estimated inventory at May 31 is $352,549

8 0
3 years ago
What role should government play in a free market economy?
igor_vitrenko [27]
Economists, however, identify six major functions of governments in market economies. Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.
8 0
3 years ago
Read 2 more answers
Sun-Jun is the executive general manager of a U.S.-based multinational corporation. Marisol is a manager in a similar position b
Norma-Jean [14]

Answer: A. choosing an appropriate mode for entering a particular foreign country

Explanation:

The options to the question are:

A. choosing an appropriate mode for entering a particular foreign country

B. developing a business strategy

C. marketing a product or service

D. adhering to labor and environmental standards

E. maintaining healthy relations with the U.S. government.

From the question, we are told that Sun-Jun is the executive general manager of a U.S.-based multinational corporation while Marisol is a manager in a similar position but works for an American company that operates only in the U.S. and does not engage in international business.

Since Marisol's company does not engage in international business, while Sun-Jun works in a multinational corporation, this means that the business function will be most typically exclusive to Sun-Jun will be choosing an appropriate mode for entering a particular foreign country.

4 0
3 years ago
Which is an advantage of the sole proprietorship and partnership business models?
Delicious77 [7]

Explanation:

Advantage is profit easy to earn money etc

3 0
4 years ago
Brooke and Katie went shopping for cleaning supplies. Brooke chose products from well-known brands. However, Katie compared the
juin [17]

Answer:

Social

Explanation:

Social defines the status in a society or in a company and where we are living in the society interacts with the people to enhance our status, skills, etc.

Therefore according to the given situation Brooke and Katie went for purchasing to buy cleaning supplies. Here Katie is comparing the products price with local store while Brooke selects well known brands.

In this scenario Brook makes understand to Katie that local product is not good in comparison to well know brand. So, social factors affects on Brooke choice.

3 0
3 years ago
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