Answer:
they are able to set their own hours and policies.
Establish prices.
Mall Critical decisions on how to operate the company.
Some people don't want to work for a boss. Others have an innovative mind or brilliant idea
People also engage in business to make a difference in the world.
The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
To find the gross profit margin found by:
(revenue - cost of goods sold)/revenue
Revenue = $62,275
Cost of goods sold (purchase price) = $26,500
= (62,275 - 26,500)/62,275
= 35,775/62,275
= 0.57 x 100
Percentage of gross profit = 57%
Answer:
a) 100 units
b) 2.5 order per year
c) 50 units
Explanation:
Given data:
demand 250 units
order cost is $20
holding cost $1
a) Economic order quantity 
b) number of order for each year 
order/ year
c) average inventory 
Answer:
37.2%
Explanation:
Payout ratio is the rate at which a firm distributes its net income. The payout ratio can be calculated as;
Payout Ratio = Dividends declared / Net Income
Payout ratio = $74,400 / $200,000 = 37.2%
Dentaltech Inc. has payout ratio of 37.2%
