Answer:
Creation Theory
Explanation:
The creation Theory is a theory that sees the entrepreneurs are the actors; i.e, entrepreneurs create opportunities via their actions, reactions, and experiments around new products, services, and business models. The creation theory assumes that opportunities are created by entrepreneurs who are searching for ways to gain economic advantage in the market in which they operate.
Answer:
Available options are:
A) Substantial capital investment and access to capital
B) Strong marketing capability
C) Reputation for high ethical standards.
D) Effective product engineering and innovative design
Answer: A) Substantial capital investment and access to capital
Explanation:
In business strategy, COST LEADERSHIP is establishing a competitive advantage by having the lowest cost of operation in the industry. Cost leadership is often driven by company efficiency, size, scale, scope and cumulative experience (learning curve). ... If so, that company would have a higher than average profitability.
A cost leadership strategy is a company’s plan to become a cost leader in its category or market.
Substantial capital investment and access to capital is a very reliable resources for implementing a cost leadership strategy.
Answer:
Net Realizablel Value of Account receivable = $142,850
Explanation:
Particulars Amount
Total Accounts Receivable $164,200
- Pre-adjusted Uncollectable Account balance $7,250
- Current Year Uncollectable Amount <u>$14,100 </u> ($235000*6%)
Net Realizable Value <u>$142,850</u>
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1)
A) Absorption costing captures all product costs (direct labor, direct material, manufacturing overhead) to each unit of a product produced during the period. It includes variable and fixed cost.
Absorption cost= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
B) Income statement:
Revenue/Sales (+)
Cost of Goods Sold (COGS) (-)
=Gross Profit
Marketing, Advertising, and Promotion Expenses (-)
General and Administrative (G&A) Expenses (-)
=EBITDA
Depreciation & Amortization Expense (-)
=Operating Income or EBIT
Interest (-)
Other Expenses (-)
=EBT (Pre-Tax Income)
Income Taxes (-)
=Net Income
2)
A) Variable costing= Direct material used + Direct labor + Variable manufacturing overhead + variable selling and administrative
B) Income statement
Sales
Cost of good sold (-)
Contribution margin
Fixed costs (-)
Depreciation expense (-)
Interest (-)
Net operating profit
Tax (-)
Net profit
Answer:
A. make sure government programs can function properly.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The main reason for government spending such as building public schools, power supply, water, development of infrastructures, etc., is to ensure and facilitate the proper functioning of all government programs.
Hence, the government of a particular country is saddled with the responsibility of spending on basic projects or programs so as to create a sustainable, growing and efficient economy for its citizens.
