Answer:
Conversations with people who start their own business often reveal that many small business owners got their entrepreneurial idea from a previous job.
Small businesses are started either as a sole proprietorship or partnership, where they sell fewer resources than a larger company. Entrepreneurial ideas come from starting the business from previous jobs to help the small business make maximizing profit
Hope this helps ;)
Answer:
Ending inventory= $119,000
Explanation:
Giving the following information:
Sales (net) $1,450,000
Estimated gross profit rate of 42%
Beginning merchandise inventory $100,000
Purchases (net) 860,000
Merchandise available for sale $960,000
Cost of goods sold= 1,450,000*0.58= 841,000
Ending inventory= 960,000 - 841,000= 119,000
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Answer:break-even point
Explanation:At the break-even point, total contribution margin must equal total fixed costs
To solve for the break-even point in units, divide the total fixed costs by the unit contribution margin:
Total fixed costs/unit contribution margin = break even units
To find the break even sales revenue, take the total fixed costs and divide by the contribution margin ratio. This gives the dollars of sales revenue needed in order to break even as shown above.
Answer:
whats the previous message
