Answer:
Elon Musk's motivation to build an electric car company can be understood by by Tesla's vision statement: “to create the most compelling car company of the 21st century by driving the world's transition to electric vehicles.
Clearly, he build Tesla because he wanted people to shift to clean energy sources from fossil fuel as the Earth is facing the problem of global warming.
Considering Elon Musk's entrepreneurial mindset and technical abilities, he must have studied business and engineering, which I think is very essential because business studies give you the know-how of doing business, managing people and leadership skills. And studying engineering would give you technical skills to bring an innovation like an electric-car.
SolarCity, a subsidiary of Tesla, is Musk's another company that specializes in solar energy services. This is as important as Tesla for him because this contributes to his broader mission to curb fossil fule usage.
Since planet Earth has limited resources and the population is increasing exponentially, one day natural resources won't be enough to sustain human life. This may be the reason why Musk wants us to be able to live on other planets.
Answer:
Sept. 6 Purchased calculators from Green Box Co. at a total cost of $1,620, terms n/30.
Dr Inventory 1,620
Cr Accounts receivable 1,620
9 Paid freight of $50 on calculators purchased from Green Box Co.
Dr Inventory 50
Cr Cash 50
10 Returned calculators to Green Box Co. for $38 credit because they did not meet specifications.
Dr Accounts payable 38
Cr Inventory 38
12 Sold calculators costing $520 for $690 to University Book Store, terms n/30.
Dr Accounts receivable 690
Cr Sales revenue 690
Dr Cost of goods sold 520
Cr Inventory 520
14 Granted credit of $45 to University Book Store for the return of one calculator that was not ordered. The calculator cost $34.
Dr Sales revenue 45
Cr Accounts receivable 45
Dr Inventory 34
Cr Cost of goods sold 34
20 Sold calculators costing $570 for $760 to Campus Card Shop, terms n/30.
Dr Accounts receivable 760
Cr Sales revenue 760
Dr Cost of goods sold 570
Cr Inventory 570
Cannibalization occurs when a producer offers a new product that takes sales away from its existing products: TRUE
<h3>
What is cannibalization?</h3>
- Cannibalization in marketing strategy refers to a decrease in sales volume, sales revenue, or market share of one product when the same company releases a new one.
- Cannibalization occurs when a manufacturer introduces a new product that competes with its existing items.
- Market cannibalization occurs when a corporation introduces a new product that replaces one of its existing ones.
- When a new product is identical to an old one and both share the same client base, market cannibalization occurs.
Therefore, the statement "cannibalization occurs when a producer offers a new product that takes sales away from its existing products" is TRUE.
Know more about cannibalization here:
brainly.com/question/5421107
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The correct question is given below:
Cannibalization occurs when a producer offers a new product that takes sales away from its existing products. TRUE or FALSE
Answer:
Creative Sound Systems should report $18,800,000 as net cash flows from financing activities
Explanation:
Cash flow Financing activities are the funds that the business acquire or paid to finance its main activities, these involve borrowing and repaying short-term loans, long-term loans and other long-term liabilities.
From the question, Cash inflow from Issue of common share and Cash outflow from purchase of treasury stock are the only recognizable Financing activities
Particulars Amount
Cash inflow from Issue of common share $39,600,000
Cash outflow from purchase of treasury stock -$20,800,000
Net cash flows from financing activities $18,800,000
Answer:
the Mitchell and the Sundial, Inc. should have a rate of 12.82%
Explanation:
a taxperson which the income of Mr. Jackson will be subject to a 22% tax rate
22% from $39,476 to $84,200
the bonds will be taxes at 22%
and we are asked at which rate they yield a 10% after tax
pre-tax x (1-t) = after-tax
pre-tax x (1-0.22) = 0.1
0.1/0.78 = pre-tax = 0.1282051