Which of the following actions differentiates an entrepreneur from other small business owners?

Mary worked on the assembly line at an automobile assembly plant. People weren't buying as many cars, and she was laid off. How

ahrayia [7]

We will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.

Basically, the cyclical unemployment is the unemployment experience as a result of economic upturn and downturn.

The cyclical type of unemployment are mostly experienced during economic recessions.

It is obvious that people were not buying as many cars because of economic downturn.

Therefore, in conclusion, we will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.

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7 0

3 years ago

What is the main motive behind dealer incentives?

lbvjy [14]

The main motive behind dealer incentives is to give the dealers a low price for stocking the companies products. The company that gives the biggest dealer incentive will attract more dealers to actively sell the product of that company. It can be seen in case of cars, the incentives given by the manufacturers to their dealers for stocking the cars.

3 0

2 years ago

Prairie, Inc. produces a single product. It has an annual capacity of 10,000 units, but currently uses only 80% of it. Each unit

ivanzaharov [21]

Answer:

Variable cost= $42

Explanation:

Giving the following information:

Each unit is sold for $50

Direct material worth $30

Direct labor worth $5.

Manufacturing overhead cost is $10 per unit of which 70% is variable.

The incremental cost is the variable cost (there is available capacity)

Variable cost= direct material + direct labor + variable manufacturing overhead = 30 + 5 + (10*0.7)= $42

3 0

3 years ago

Rhed Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day

REY [17]

Facility expenses in the flexible budget comes out to be $24,260.

<h3>What is flexible budged?</h3>

A flexible budget is one that is based on various sales volumes. For each projected level of production, the static budget is adjusted by a flexible budget. Due to this flexibility, management is able to predict how the budgeted figures will change as sales volume changes.

Calculation for the facility expenses in the flexible budget for December:

The table of the data used in budgeting: Fixed Element per Month Variable element per tenant-day Revenue is in attachment-

Facility expenses in the flexible budget = Variable + Fixed

= (3650*4.40) + 8200

= 16,060 + 8200

= 24,260

The wages and salaries in the planning budget for December would be closest to $24,260.

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6 0

2 years ago

Griffins Goat Farm, Inc., has sales of $664,000, costs of $326,000, depreciation expense of $70,000, interest expense of $45,000

Gemiola [76]

Answer:

a. $6.54 per share

b. $1.73 per share

Explanation:

The computation is shown below:

1. Earning per share is

= Net income ÷ shares of common stock outstanding

where,

Net income is

= Sales - costs - depreciation expense - interest expense - tax expense

= $664,000 - $326,000 - $70,000 - $45,000 - $49,060

= $173,940

The tax expense is

= (Sales - costs - depreciation expense - interest expense) × tax rate

= ($664,000 - $326,000 - $70,000 - $45,000) × 22%

= $49,060

Now the earning per share is

= $173,940 ÷ 26,600 shares

= $6.54 per share

b. Dividend per share = (Total dividend) ÷ (number of shares)

= ($46,000) ÷ (26,600 shares)

= $1.73 per share

7 0

3 years ago