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3 years ago

What is a pestle analysis for an escape room

Business

1 answer:

Irina-Kira [14]3 years ago

7 0

Answer:

The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.

Strengths

Relatively easy entry and low capital outlay.

Unique themes

Variety of difficulty levels

Game masters trained for role-playing and excellent customer service

Location is close to customers and relatively far from competitors

Regular changes to clues and puzzles

Weaknesses

Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.

New to the area and market

Brand not well established

Limited capital

Opportunities

Reach a customer geography not yet catered for

Growing industry and popularity of mystery rooms

Unlimited number of new themes, game, and clues

Low barriers to entry

Threats

Another new entrant or current supplier expansion could potentially hurt market share.

While we do have a backup, the website could go down for technical reasons.

Sales tied to economic growth.

Game mechanism not protected under U.S. intellectual property law

Established companies expanding into the City

Explanation:

You might be interested in

The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from

Ugo [173]

Answer:

C) The theory of Comparative Advantage

Explanation:

The theory of Comparative Advantage is a theory of international trade and it comes into effect in a situation where the opportunity cost of producing a good or offering by a service by a country is lower than that of other countries.

Specifically, to understand the theory of comparative advantage the opportunity cost of production or offering a service has to be measured in terms of the trade off between those countries. It simply means when a country has the comparative advantage then it derives more benefits from other countries buying its products as compared to buying their products and vice versa.

In the question, the European Union has the Comparative advantage over South Africa because the trade-off between buying South Africa's edible fruits and nuts and selling other products to South Africa benefits the European countries.

European countries derive more benefits because South Africa buys their goods at a cost higher than it takes them to produce while they buy at the normal cost from South Africa. The trade-off benefits Europe

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3 years ago

What type of engineer is interested in designing, developing, and building different machines, devices, and tools?

Serhud [2]

Answer:

your answer is d

Explanation:

3 0

4 years ago

1. Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Acc

Marina CMI [18]

Question Completion:

The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $18,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $544 cash. c. The company purchased $10,369 of office equipment on credit. d. The company received $2,212 cash as fees for services provided to a customer. e. The company paid $10,369 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,975 as fees for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,670 cash as partial payment for the account receivable created in transaction f. i. The company paid $1,000 cash in dividends to the owner (sole shareholder).

Answer:

Spade Company

General Journal Entries:

a. Debit Cash $18,750

Credit Common stock $18,750

To record cash contributed in exchange of common stock.

b. Debit Office supplies $544

Credit Cash $544

To record the purchase of office supplies.

c. Debit Office Equipment $10,369

Credit Accounts Payable $10,369

To record the purchase of office equipment on account.

d. Debit Cash $2,212

Credit Fees Earned $2,212

To record the receipt of cash for earned fees.

e. Debit Accounts Payable $10,369

Credit Cash $10,369

To record the payment for office equipment.

f. Debit Accounts Receivable $3,975

Credit Fees Earned $3,975

To record the supply of services on account.

g. Debit Rent Expense $530

Credit Cash $530

To record payment for monthly rent.

h. Debit Cash $1,670

Credit Account receivable $1,670

To record the receipt of cash on account.

i. Debit Dividends $1,000

Credit Cash $1,000

To record the payment of cash dividend.

2. T-accounts:

Cash

Account Title Debit Credit

Common stock $18,750

Office supplies $544

Fees Earned 2,212

Accounts Payable 10,369

Rent Expense 530

Account receivable 1,670

Dividends 1,000

Accounts receivable

Account Title Debit Credit

Fees Earned $3,975

Cash $1,670

Office Supplies

Account Title Debit Credit

Cash $544

Office Equipment

Account Title Debit Credit

Accounts Payable $10,369

Common Stock

Account Title Debit Credit

Cash $18,750

Accounts Payable

Account Title Debit Credit

Office Equipment $10,369

Cash $10,369

Fees Earned

Account Title Debit Credit

Cash $2,212

Accounts Receivable 3,975

Rent Expense

Account Title Debit Credit

Cash $530

Dividends

Account Title Debit Credit

Cash $1,000

Explanation:

a) Data and Analysis:

a. Cash $18,750 Common stock $18,750

b. Office supplies $544 Cash $544

c. Office Equipment $10,369 Accounts Payable $10,369

d. Cash $2,212 Fees Earned $2,212

e. Accounts Payable $10,369 Cash $10,369

f. Accounts Receivable $3,975 Fees Earned $3,975

g. Rent Expense $530 Cash $530

h. Cash $1,670 Account receivable $1,670

i. Dividends $1,000 Cash $1,000

6 0

3 years ago

During 2017, Roblez Corporation had the following transactions and events.

trasher [3.6K]

Answer:

The effects of each of the items can be indicated as follows:

Paid in Capital

Item   Capital Stock Additional Retained Earnings

1. No Effect No Effect Decrease

2. Increase No Effect No Effect

3. No Effect No Effect No Effect

4. Increase Increase Decrease

5. No Effect No Effect Decrease

6. No Effect No Effect No Effect

7. No Effect No Effect No Effect

8. Increase Increase No Effect

Explanation:

1. Declared a cash dividend.

This decreases cash and retained earnings but has no effect on common stock and additional paid in capital.

2. Issued par value common stock for cash at par value.

This increases cash and also increases common stock.

3. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.

This does not affect any account but only increases the number of shares without any increase in the total common stock value.

4. Declared a small stock dividend when the market price was higher than par value.

This is a type of dividend that increases the common stock and additional paid in capital but decreases the retained earnings.

5. Made a prior period adjustment for overstatement of net income.

This reduces the net income and the retained earnings no effect on common stock and additional paid in capital.

6. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above.

Since this is just to effect number 4 above, it has no further effect on any of the subdivisions of stockholders’ equity.

7. Paid the cash dividend in item no. 1 above.

Since this is just to effect number 1 above, it has no further effect on any of the subdivisions of stockholders’ equity.

8. Issued par value common stock for cash above par value.

This increases cash, common stock, and additional paid in capital. But this does affect retained earnings.

6 0

3 years ago

Successful companies try to maintain a positive relationship in the community in which they do business. In the textbook, Colang

Marizza181 [45]

Answer:

socially responsible: lego

socially irresponsible: volkswagen

mine: a big person in charge.

Explanation:

When talking about socially responsible companies you can mention lego, since they keep gaining loyalty through their efforts to reduce their carbon emissions and help those in need. You have also google and apple as good examples.

A scandal with a socially irresponsible company is what happened to volskwagen, according to forbes magazine, they made huge profits compared to their competitors by poisoning the planet.

In any case, if you have a small or big company, you need a socially responsible ASSET, a person who you can trust to be sure that you are being socially responsible in every part of your business.

Good luck.

6 0

4 years ago