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3 years ago

- 1. What are the main features of a profit-based business?

Business

1 answer:

tensa zangetsu [6.8K]3 years ago

4 0

Answer:

In my opinion, a profitable business owner is distinguished by the following seven characteristics:

They are visionaries.

They build teams.

They focus on scaling their business.

They know their numbers.

They take fiscal responsibility.

They charge more than it costs.

They keep fear at bay.

Explanation:

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You have just won a lottery! You will receive $50,000 a year beginning one year from now for 20 years. If your required rate of

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Answer:

The prize is worth $425,678.19.

Explanation:

Giving the following information:

Cash flow= $50,000

The number of years= 20 years.

Rate of return= 10%

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {50,000*[(1.1^20)-1]}/0.1

FV= $2,863,749.98

Now, the present value:

PV= FV/(1+i)^n

PV= 2,863,749.98/(1.1^20)

PV= $425,678.19

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3 years ago

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3 years ago

An appeals court feels that a lower court has made an incorrect judgment concerning a civil law case. Which of the following wou

gayaneshka [121]

Answer:

The correct answer is letter "D": The appellate court found a mistake of law that occurred during the initial trial.

Explanation:

A remand is a procedure in which a court sends a case to a lower court after a judgment has been given. <em>A reconsideration of the case is to be provided presuming there has been a mistake of law</em> in the final decision already dictated. In such cases a new trial is held, the facts are reviewed one more time and additional evidence is accepted to finally modify or correct the judgment.

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3 years ago

Brandon is a college freshman who dreams of managing a chain of national hotels. Which job would best help him achieve his goal?

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Answer:

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3 years ago

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Swifty Corporation reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw mater

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Answer:

$27,000,000

Explanation:

Cost of Goods Manufactured = Direct Material Used + Direct Labor + Manufacturing Overhead + Opening Work In Progress - Closing Work In Progress

When Direct Material Used = Beginning raw materials inventory + Raw materials purchased + Ending raw materials inventory

Direct Material Used = 300,000 + 1,060,000 - 480,000 = 880,000

Direct Material Used = $880,000

Hence, Cost of Goods Manufactured = 880,000 + 820,000 + 820,000 + 1,080,000 - 900,000

Cost of Goods Manufactured= $27,000,000

Swifty Corporation's cost of goods manufactured for the year is $27,000,000

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4 years ago

- 1. What are the main features of a profit-based business?​

- 1. What are the main features of a profit-based business?