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aniked [119]
3 years ago
14

Robert started his company in his parents' garage because he could not afford to rent an office space. Most of his finances were

spent on procuring the essential items to set up his company. As a result, he was able to save funds for the future. The opportunity of _____ is highlighted in the given scenario.
Business
1 answer:
Levart [38]3 years ago
4 0

Answer:

having lower overhead costs.

Explanation:

Robert started his company in his mother's garage so he did not have to pay rent or lease at the initial stage of his business. This gave him the opportunity to put his finances in essential aspects of his business.

Therefore he had an opportunity to reduce his overhead cost.

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Western Country Corporation made sales of $ 850 million during 2018. Of this​ amount, Western Country collected cash for $ 710 m
trapecia [35]

Answer:

We have to find Western Country Corporation's net income, and cash balance at the end of 2018.

The answers are:

Net Income = $200 million

Ending cash balance = $100 million

Explanation:

Net income is equal to sales revenue - cost of goods sold - other expenses

Net Income = $850 million - $255 million - 425 million

                   = $200 million

Ending cash balance is equal to beginning cash + cash receipts (inflows) - cash payments (outflows)

Ending cash balance = $85 million + $710 million - $400 million - $285 million

                                   = $110 million

5 0
3 years ago
Externalities and Public Goods - End of Chapter Problem
Nuetrik [128]

Answer:

LaShawn's neighbor mows his lawn during the night.

DEPENDING ON HOW OFTEN LASHAWN'S NEIGHBOR MOWS HIS LAWN, A PRIVATE BARGAINING MIGHT BE USEFUL. IF THIS HAPPENS ONCE A MONTH, THE NEED OF INTERVENTION IS NOT SIGNIFICANT. BUT IF THIS HAPPENS MORE OFTEN, PROBABLY THEN BOTH MEIGHBORS WILL NEED TO BARGAIN AN OPTIMAL SOLUTION.

Opening an Apple store in a mall causes  overall sales in the mall to increase by 10%.  

THIS IS A POSTIIVE EXTERNALITY, THEREFORE, ANY TYPE OF INTERVENTION WILL PROBABLY MAKE THE SITUATION WORSE.

The production of steel results in  pollution that affects millions of  residents in the surrounding area.

IN THIS CASE, YOU NEED GOVERNMENT INTEREVENTION. POLUTION IS SOMETHING THAT AFFECTS THE GEENRAL PUBLIC, THEREFORE, IT MUST BE ADDRESSED BY THE EPA. IN CASE THE EPA AND OTHER GOVERNMENT INSTITUTIONS DECIDE TO DO NOTHING, THEN YES, PRIVATE BARGAINING WILL PROBABLY BE NECESSARY.

7 0
3 years ago
______________, in a savings account, is calculated as a percentage of what you have saved.
sertanlavr [38]
Interest, in a savings account, is calculated as a percentage of what you have saved.

A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate. 
7 0
3 years ago
Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an ___ along with an indi
NemiM [27]

Answer:

c. price estimate

Explanation:

Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an price estimate along with an indication of the schedule impact, prior to implementing the change.

The estimation of costs is an assessment of a plan, project, or service expense. The estimated cost is the result of the method of calculating costs. The cost estimate has a single total value, and the component costs may be recognizable.

8 0
3 years ago
The duration of a project with concurrent tasks is ___________ the sum of the times for the activities.
katovenus [111]

Answer:

Project time management

5 0
3 years ago
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