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inessss [21]
3 years ago
6

Sam's business will cost $49,500 to set up and run for the first year. Sam then expects an annual operational expense total of $

30,500. According to Sam's model, how long will it take Sam to see an overall profit in his business (where total profits exceed total expenses)?
Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer:

Within 2 years

Explanation:

1st year of Sam's business:

Operational expense = $30,500

Profit = $45,000

Business set up costs = $49,500

Overall business profit (Loss) = $(4,500)

2nd Year of Sam's business:

Since the profit will be increased by 5.5%, the new profit after operational expenses will be $45,000 + $(45,000 x 5.5%) = $47,475

Therefore, the overall profit = Last year's loss + This year's profit = $(-4,500+47,475) = $42,975

Therefore, he can achieve the overall profit within 2 years' of operation.

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How is ease of market entry and exit and exit related to the number of suppliers in a purely competitive market?
arlik [135]

Numbers of suppliers in a purely competitive market dictate how easy it is to start a business or transform it in that sector.

Explanation:

Entry an d Exit in a business sector means the ease of starting or transforming a business that is involved in a particular market sector.

In a purely competitive market the business is dictated by the market standards set by the completion of the various companies vying for a market share between each other.

The harder the competition at the top level, the harder it is for a new business to come up, similar is the case for when one or two companies dominate the hegemony in which case it is hard to grab a market share for the new entrant in the market.

4 0
3 years ago
Treasury bills have a fixed face value (say, $1,000) and pay interest by selling at a discount. For example, if a one-year bill
Snezhnost [94]

Answer:

Please see attachment

Explanation:

Please see attachment

3 0
3 years ago
The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they su
DedPeter [7]

Answer:

1. Equilibrium price ,p = $1.20 per pound, equilibrium quantity = 95 million pounds.

2. Surplus = 0

Explanation:

1. From the question,

the equilibrium price = 1.20

The equilibrium quantity = 95 million per pounds.

Equilibrium is gotten when Quantity supplied = quantity demanded.

2. When price floor == $1.00

Quantity demanded = 101

Quantity supplied = 79

Monthly surplus = 79 - 101 = -22

Quantity demanded > quantity surplus.

This implies that there is no surplus.

Surplus = 0

3. If a decrease in cost of feeding cows shift supply by 40 million we will have new supply schedule =

New qs = Qs + 40

63+40 = 103

71+40= 111

79+40 = 119

87+40= 127

95 + 40 = 135

103 + 40 = 143

111+40 = 151

119 + 40 = 159

127 + 40 = 167

135 + 40 = 175

143 + 40 = 183

4 0
3 years ago
On August 5, 2021, Ivanhoe Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set
Kay [80]

Answer:

Total profit for units sold for consignor is 15240 $

Explanation:

Revenue generated from the sale is equal to 40 * 750 $ = 30000$. Since this is consignment sale, revenue belongs to consignor minus the commission and expenses of the consignee. Therefore: 30000-1500-500-680 = 27320$. As the cost of each set was 250 and 40 sets were sold, total amount is 10000 and the cost of shipping 40 sets was 2080, total profit is therefore 15240$. The cost of shipping 40 sets we can get if we divide total cost with the number of sets shipped. Then we get cost per unit and since 40 sets was sold the shipping cost of that sale was 2080$.

6 0
3 years ago
Cash $10,100 $4,020 Accounts receivable 20,580 12,830 Short-term investments 22,020 29,750 Inventory 42,390 34,710 Prepaid rent
Anna11 [10]

Answer: All accounts are assets and the correct way to order them is as follows:

Assets                                         Year 1       Year 2

Cash                                            $10,100.   $4,020

Short-term investments             $22,020  $29,750

Accounts receivable                  $20,580  $12,830

Inventory                                     $42,390  $34,710

Supplies                                       $1,000     $74

Current Assets                            $96090  $81384

Land                                            $125,640  $176,140

Prepaid rent                                $3,020    $12,030

Prepaid insurance                       $ 2,100    $89

Non current assets                    $130760  $188259

Total Assets                              $226850  $269643

4 0
2 years ago
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