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3 years ago

How do you make profit when you open a business

2 answers:

7 0

The fundamental way to earn profit is that the money you get
for selling your product has to be MORE THAN the cost of

 manufacturing the product
+ paying your employees
+ paying the taxes on your business
+ keeping your machinery maintained and working
+ advertising
+ paying yourself
+
+
+
etc.

BUT ... If the price of your product is too high, then everybody will buy them
from your competitor instead of from you, and you won't sell any at all.

It's a delicate balance.

40 years ago, I asked a wise sage with whom I traveled and worked: Advise me
on how to acquire great riches in an honest business. He gave me the Secret,
and now I give it to you:

He said:
 "Invent something which nobody has and everybody wants, 
 which can be made for peanuts and sold for a fortune."

poizon [28]3 years ago

5 0

Advertisements, signs, making offers,

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How do owners of large estates spend their time answer key with work?

Nana76 [90]

How they spend their time would depend on what is on the estate. If it was a farm, or ranch then they would probably be supervising the agricultural work being done on it or managing the cattle or sheep, say. If it was a resort, then they would be busy attending to the needs of their guests for food, accommodation and recreation.

6 0

3 years ago

the preferred stock of BGE, inc. is sold at $37 and pays a divident of $5. And the net price of the secuirty after issurancee co

Anarel [89]

Answer:

15.18%

Explanation:

Cost of preferred stock = Annual dividend/Net Proceeds

Cost of preferred stock = $5 / $32.93

Cost of preferred stock = 0.1518372305

Cost of preferred stock = 15.18%

So, the cost of preferred stock for BGE is 15.18%.

5 0

3 years ago

The marginal revenue product of labor is equal to the product of: Group of answer choices the marginal product of labor and the

sergey [27]

Answer:

the marginal revenue per unit of output and the marginal product of labor

Explanation:

Marginal revenue product -

It is the market value of one of the additional unit of output , is known as marginal revenue product also called the marginal value product .

The calculation for marginal revenue product is calculated by the multiplication of the marginal revenue with the marginal product of the labor .

MRP = MR * MPL

Where ,

MRP = Marginal revenue product

MR = marginal revenue

MPL = marginal product of the labor .

4 0

4 years ago

When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting princip

serg [7]

When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should issue an opinion that is unmodified.

The full form of the GAAP is Generally Accepted Accounting Principles in which the rules and regulations related to the financial accounting are written.

In the above case in which the Non public company is affected by the departure of the material then the auditors must issue the an opinion that is unmodified.

Learn more about the accounting principles here:

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8 0

2 years ago

What's the main advantage of establishing per-item prices on an order and pricing form?

mariarad [96]

The right answer for the question that is being asked and shown above is that: "a. Clients are informed in advance that high-cost items should be excluded." the main advantage of establishing per-item prices on an order and pricing form is that a. Clients are informed in advance that high-cost items should be excluded.

7 0

4 years ago