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Bess [88]
3 years ago
7

Mandy has perfected the art of glass-blowing. She has made gifts for her friends for years and has always gotten rave reviews. S

he decided to make a business out of her craft. She plans to run the business out of her home so she can be there to raise her children and still participate in all of their activities. Mandy is not interested in growing a large business; she just wants to make extra income. Mandy is best described as a(n) ________.
Business
1 answer:
OLEGan [10]3 years ago
8 0

Answer: Micropreneur

Explanation: In simple words, micropreneur refers to an individual who is willing to start a business at a very small level. Usually these individuals pursue their hobbies as their business so that they can gain some profit while living a balanced life style.

In the given case, Mandy is willing to start a business out of an art she is perfect in. Also she is going to start it at a very small level o that she can take care of her children at the same time.

Hence from the above we can conclude that Mandy is a micropreneur.

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A book on how to invest in collectibles spends several weeks on best seller lists. The paperback book was originally released fo
miskamm [114]

Answer:

inelastic demand

Explanation:

Price elasticity of demand (PED) measures the proportional change in quantity demanded when the price of a product or service changes:

  • when a 1% decrease in price, increases quantity demanded in a smaller proportion, the PED is said to be inelastic.
  • when a 1% decrease in price, increases quantity demanded in a larger proportion, the PED is said to be elastic.
  • when a 1% decrease in price, increases quantity demanded in the same proportion, the PED is said to be unit elastic.

In this case, the decrease in price (-2%) barely increased the quantity demanded, therefore, the PED is inelastic.

4 0
3 years ago
Cruiseline offers nightly dinner cruises off the coast of​ Miami, San​ Francisco, and Seattle. Dinner cruise tickets sell for $
sertanlavr [38]

Answer:

a. Contribution margin per passenger ($50-$20) = $30

b. Contribution margin ratio (30/50) = 60%

c. Operating Income  (390000-270000) = $120,000

d. Operating Profit = $42,000

Explanation:

a. Contribution formula = Sale - Variable Cost

Sale price per passenger = $50

Variable Cost per passenger = $20

Contribution margin per passenger ($50-$20)  = $30

b. Contribution Margin ratio formula = Contribution/Sale

Sales per passenger = 50

Contribution per passenger = 30

Contribution margin ratio (30/50) = 60%

c. Operating profit = Contribution margin- Fixed Cost

Monthly sale total for 13000 passenger

Sale per passenger = $50

Total sale for 13000 passenger 13000*50 = $650,000

Contribution Margin per passenger =$30

Total Contribution margin for 13000 passenger = 13000*30 =                                    $390,000

Less: Fixed Cost = 270,000

Operating Income  (390000-270000) = $120,000

d. Contribution margin formula= (Sale x Contribution margin ratio)

Contribution margin = (520000*60%) = $312,000

Less: Fixed Cost = 270,000

Operating Profit = $42,000

3 0
3 years ago
Read 2 more answers
You are given the following information for Cleen Power Co. Assume the company’s tax rate is 40 percent. Debt: 5,000 6.6 percent
Misha Larkins [42]

Answer:

    WACC   = 8.84%

Explanation:

Face value= $ 1000    (assume)

Current price = 1000* 109% = 1090

semianual interest =1000 *.066*6/12 = 33

semiannual months = 20 *2 = 40

Yield to maturity of bonds = [semiannual interest +(face value -current price) /months]/[(face value+price)/2]

                                            = [33 + (1000- 1090 )/40 ]/[(1000 +1090)/2]

                                            = [33 + (-90/40) ] / [2090 /2]

                                           = [33 - 2.25 ] /1045

                                          = 30.75 /1045

                                       = .0294 or 2.94% semiannually or (2.94*2) =5.88 % annually

After tax cost of debt = 5.88 (1- .40 ) = 3.528 %

Market value of bond = 1090 *5000 = $ 5450000

b)cost of equity =Rf +[beta*market premium ]

                           = 4.6 + [1.12 * 5]

                            = 4.6 + 5.6

                            = 10.20 %

market value of equity = 380000*56 =$ 21280000

Total market value of debt and equity =5450000 +21280000

                                                                  = $ 26730000

weight of debt = 5450000/26730000 = .2039

weight of equity = 21280000 /26730000 = .7961

WACC = (after tax cost of debt *WD)+(cost of equity *We)

            = (3.528 * .2039 )+(10.20 * .7961)

              = .7194 + 8.1202

              = 8.84%

7 0
3 years ago
You do not need to see proof of cash donations made by taxpayer if you feel that the information is not unusual or questionable.
Sliva [168]

Answer:

The correct answer is letter "A": True.

Explanation:

The Internal Service Revenue (<em>IRS</em>) offers Volunteer Income Tax Assistance (<em>VITA</em>) for elderly people who do not know how to file taxes on their own. The volunteers follow a series of practices during the interview with the taxpayers to gather their taxable information accurately. The principle of Due Diligence allows volunteers to <em>ask for clarification when the taxpayer information seems unclear or inconsistent</em>. However, if the information is not unusual, there is no need to request proof of it.

8 0
3 years ago
Gerald believes that most of his subordinates dislike work and would avoid it if possible. he also believes that his employees h
liq [111]
<span>This particular style of management would be Autocratic in nature. In this management style, the style of the manager and his or her opinion is the one revered, and the only one that is honored. It does't matter how talented the subordinates are, they will do that manager's will, or face consequences. High turnover of good talent is high in this type of management style.</span>
7 0
3 years ago
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