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Vaselesa [24]
3 years ago
14

Pam runs a shoeshine stand at the airport. Pam has no skills, no job expereince, and no alternative employment. Entrepreneurs in

the shoeshine stand business earn $20,000 a year. Pam pays the rent of $2,500 a year, and her total revenue is $16,000 a year. She borrowed $700 at 15 percent a year to buy equipment. At the end of one year, Pam was offered $500 for her business and all its equipment.
Pam's explicit and implicit costs are ___ $
Business
1 answer:
xxMikexx [17]3 years ago
7 0

Answer:.

Explanation:

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Company Q owns controlling shares of stock in companies A, B, C, and D. This is an example of a Pool Partnership Holding Company
MaRussiya [10]

Answer:

Holding

Explanation:

When a company or a share holder owns a share which is more than 50 percent share of the company in the market, than than individual or company has a controlling shares in the company.

This gives him the right of deciding the in the meetings of the shareholders and to take control of the company's direction.

Such is an example of a Holding company. A holding company does not produce or manufacture any goods or sell anything. It is a company which owns outstanding stock of other companies and forms a group of companies.

3 0
3 years ago
Whitney Company had no units in process at the beginning of the month. During the month 8,000 new units were started, 6,000 of t
shusha [124]

Answer:

$7.20

Explanation:

                        Units  % Mat.  EUP- Mat.  % Conv.   EUP- Conv.

Units completed &               6000    100%     6000         100%        6000

transferred out

Units in ending inventory    2000    100%     2000         30%          600

Equivalent units of production                     8000                           6600

Cost per Equivalent Unit of Production      

                                                         Materials    Conversion      Total

Beginning costs             -                       -                 -

During the month costs                   <u>$20,800 </u>       <u>$30,360</u>

Total cost                                          $20,800        $30,360

÷ Equivalent units of production     <u>  8.000</u>          <u>   6,600</u>

Cost per equivalent unit                 $2.60             $4.60           $7.20

of production

4 0
2 years ago
Products that have revisions that take more than 1 year can not be revised until the following year. True or False
RUDIKE [14]

Products that have revisions that take more than 1 year can not be revised until the following year. Thus, the statement is true.

<h3>What is a product?</h3>

A product is referred to as a finished item that is ready for sale in the market to serve the customers. These products are tangible in nature so that people can see, touch and use them.

Product revision has been referring to making any modifications or changes to the current product. These product revision has been done when customers are not satisfied with the quality or packaging of the product.

When the product is revised with a time duration of 3 months then this will be considered efficient whereas if takes time of more than a year, it will be considered a product failure.

The revision should not cause delay because there are many competitors available in the market to capture the target audience of your business.

Learn more about the Product, here:

brainly.com/question/22852400

#SPJ1

7 0
2 years ago
Upon taking over the company, CEO Khosrowshahi said, "Rather than ditching everything, I'm focused on preserving what works whil
nata0808 [166]

Answer: b. evidence-based

Explanation:

Evidence based management refers to the use of pragmatism in the making of decisions and basing those decisions on actual evidence.

The new Uber CEO Khosrowshahi, decided to hold meetings with the staff in other to get to find out what they thought was wrong with the company and then using this evidence he decided to preserve what worked and remove what doesn't. He therefore used evidence in his decision.

4 0
3 years ago
If Intervale ​Railway's fixed costs total $ 90,000 per​ month, the variable cost per passenger is $ 45​, and tickets sell for $
Ad libitum [116K]

Answer:

Contribution per unit is $30 while contribution margin ratio is 40%

Explanation:

The contribution margin ration is derived with the below formula:

contribution margin ratio=margin/sales price

Margin=selling price-variable cost

Margin=$75-$45

Margin=$30

Contribution margin ratio=$30/$75

Contribution margin ration=40%

The contribution determines the to which the company can recover its fixed costs as well as make profits.

The contribution margin ratio shows margin as a percentage of sales price.A contribution margin ratio of 40% implies that variable cost is 60% of selling price,hence the balance of 40% is available to settle fixed costs  and profit

4 0
3 years ago
Read 2 more answers
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