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3 years ago

What is one reason that a person might want to be an entrepreneur?

Business

2 answers:

kupik [55]3 years ago

6 0

Answer:

They can be their own boss.

garik1379 [7]3 years ago

6 0

Answer: One reason that a person might want to be an entrepreneur could be the answer choice b they can be their own boss.

Explanation: Entrepreneurs aren't working at someone's company they are working at their own business. Entrepreneurs still have to make decisions. Entrepreneurs probably wouldn't want to work in a group if they decided to start up their own business. Therefore, one reason that a person might want to be an entrepreneur could be because they can be their own boss.

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Assume a $170,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 40,000 $ 60,000 2 60,00

Arturiano [62]

Answer:

a. Product X = 3.50 years

Product Y = 3.25 years

b. Product Y

Explanation:

The cash flows for the two products as well as the balance at the end of each year is given as follows:

$Initial\ balance = -170,000\\\\\begin{array}{ccccc}Year&Product\ X&Product\ Y& Balance\ X& Balance\ Y\\1&40,000&60,000&-130,000&-110,000\\2&60,000&70,000&-70,000&-40,000\\3&50,000&30,000&-20,000&-10,000\\4&40,000&40,000&20,000&20,000\end{array}$

For both products, the payback period is reached between the third and fourth year.

Product X:

$Payback = 3+\frac{20,000}{40,000} = 3.50\ years$

Product Y:

$Payback = 3+\frac{10,000}{40,000} = 3.25\ years$

Under the payback method, the alternative that presents the shortest payback period should be selected. Therefore, Product Y should be selected.

3 0

3 years ago

Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc

Katen [24]

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

8 0

3 years ago

Using information to design a marketing strategy to acquire/retain clientele is known as:_____.A) Behavioral targetingB) Custome

DedPeter [7]

Answer:

Customer relationship management

Explanation:

Customer relationship management is a strategy used in most organisation in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.

7 0

3 years ago

An insured purchased an insurance policy 5 years ago. last year, she received a dividend check from the insurance company that w

grandymaker [24]

Dang this question is pretty hard

7 0

3 years ago

What is a main problem with determining the social benefits of a public good like a community fireworks show?

nexus9112 [7]

The main problem will arise when it has to be with converting the public good to numbers where it can be interpreted and studied. The number of people can also be something difficult to deal with because it deppends on the distance of the people seeing the fireworks show and if the distance is ok for the number of people looking at the fireworks

8 0

3 years ago