1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Licemer1 [7]
3 years ago
9

You and a friend want to open new pet-grooming and pet-services shop. Once established, you intend to open a second store in a l

arger town 20 miles away. If store number two is a success, you plan to start franchising your company. _____ will probably be the most important source of funds for your new business.
Business
1 answer:
shusha [124]3 years ago
5 0

Answer:

Personal Assets

Explanation:

You and a friend want to open new pet-grooming and pet-services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company. <u>Personal Assets</u> will probably be the most important source of funds for your new business.

<u>When starting a business as a sole proprietorship or partnership, the most likely source of start up fund is the converting your personal assets. </u>

<u>Personal assets are items of value that belong to an individual. They might be tangible personal assets like houses and cars, and also include such financial assets as savings accounts, checking accounts, and retirement accounts. </u>

<u>So in the scenario, the business is likely to start by a combination of savings of the two friends</u>

<u />

You might be interested in
The _____ stage of the product life cycle is the longest stage, where sales peak and profit margins narrow. in this stage new us
nalin [4]

The maturity stage of the product life cycle is the longest stage, where sales peak and profit margins narrow. in this stage, new users or new uses may be added to extend the product life.

Introduction, growth, maturity, and decline are the four stages that make up a product's life cycle. Professionals in management and marketing use product life cycles to assist them to decide on advertising schedules, price points, expanding into new product markets, redesigning packaging, and more.

When sales reach their maturity stage, they start to slow down after a period of strong expansion. At this stage, businesses start lowering their prices in an effort to remain competitive against the escalating competition. The product life cycle's mature stage lasts the longest. At this time, the company has reached the peak of the demand cycle, sales growth is starting to slow down, and advertising tactics aren't doing anything to help.

To know more about product life cycle refer to:  brainly.com/question/17485582

#SPJ4

3 0
2 years ago
The full process to create a product or service is called a ___?
maw [93]

Answer:

D sole proprietorship I think

8 0
3 years ago
The following income statement is provided for Vargas, Inc. Sales revenue (2,600 units × $20.10 per unit) $ 52,260 Cost of goods
leva [86]

Answer: 3.91

Explanation: We can calculate operating leverage by using following formula:-

operating\:leverage=\frac{contribution}{net\:income}

where,

contribution = sales - variable cost

                     =  sales - ( variable cost of goods sold + supplies )

                     =  $52,260 - ( $26,260 + $5460)

                     = $20,540

Now, putting the values into equation we get :-

operating\:leverage=\frac{20,540}{5,240}

                                          = 3.91

3 0
3 years ago
As a business owner, explain the importance of scanning the internal and external environment of a business.
maw [93]

Answer:

1. Identification of strength

2.identificationof weakness

3. Identification of opportunity

4. Identification of threat

5. Optimum of use of resources

8 0
3 years ago
Merone Company allocates materials handling cost to the company's two products using the below data:
wariber [46]

Answer:

d. $86,400.00

Explanation:

The computation of the  total materials handling cost allocated to the prefab barns is given below:

Total Materials Handling Cost is $228,300

Total is

= 6600 ×860 + 9600 × 360

= $5,676,000 + $3,456,000

= $9,132,000

Allocation Rate = Total Materials Handling Cost ÷ Total direct labor hours  

= $228,300 ÷ $9,132,000

= $0.025

Now

Total Materials Handling Cost allocated to prefab barns is

= Allocation Rate×  direct albor hours for Modular Homes

= $0.025 ×  $3,456,000

= $86,400

6 0
3 years ago
Other questions:
  • g The following facts are known: • The total pounds needed for production are 2 times the units to be produced. • The desired en
    12·1 answer
  • What is swot analysis
    15·1 answer
  • According to the Bureau of Labor Statistics, you are considered to be unemployed if you have no job. True or false? True or fals
    6·2 answers
  • Kirk wants to attend a four-year college. Which cost factors does Kirk need to research for the out-of-state school he wants to
    10·2 answers
  • If a firm engages in final assembly in its home operations, then which of the following operations of the firm in a foreign coun
    7·1 answer
  • In general, term loans can be created more quickly than bond issues because they (1) tend to be negotiated directly with the len
    14·1 answer
  • Compute the missing amounts. ​(Enter the contribution margin ratio to nearest​ percent, X%.)
    6·1 answer
  • The Perry Corporation recorded the following budgeted and actual information relating to fixed overhead costs for its Z-Line of
    5·1 answer
  • A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from t
    5·1 answer
  • Which of the following activities are covered by OSHA's steel erection regulations?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!