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3 years ago

Entrepreneurs earn profits when consumers buy products at prices ____ their production costs. lower than that exceed

Business

2 answers:

Elza [17]3 years ago

6 0

I think the answer to the question is exceed.

stiks02 [169]3 years ago

6 0

Entrepreneurs earn profits when consumers buy products at prices "higher than" their production costs.

An entrepreneur is an individual who joins alternate elements of creation - land, work, and capital - to acquire a benefit. The best business visionaries are pioneers who find new ways deliver products and ventures or who grow new merchandise and enterprises to convey to advertise. Without the entrepreneur joining area, work, and capital in new courses, a considerable lot of the advancements we see around us would not exist. Entrepreneurs flourish in economies where they have the opportunity to begin organizations and purchase assets openly. The payment to business enterprise is benefit.

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Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check

andrezito [222]

Answer:

Grace is incorrect because of the veil and alter ego theory

Explanation:

In this scenario Grace formed a corporation along with her three friends. As a result of catering services offered guest became ill and sued Grace and the other owners for damages.

According to the alter egos theory personal liability can be invoked on the owners of a corporation or its limited liability members.

Alter ego theory is used to penetrate the corporate veil that protects shareholders. Personal liability can be assigned on the business owner as it is in this case against Grace and the other owners.

7 0

3 years ago

Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $316,547; costs = $219,406; other

o-na [289]

Answer:

Net working capital addition was for 8,108 dollars

Explanation:

To solve for NWC we start form the accounting equation and then, we expand it to get the NWC expression:

Assets = Liabilies + Equity

we expend the formula

current assets + fixed assets = current liabliies + non-currnet liab + stock + RE

NWC = net working capital

being: current assets - current liabilities

(current assets - current liabilities) = non-currnet liab + stock + RE - fixed assets

NWC = -3,283 + 5,629 + RE - 24,154

We need to solve fotr the change in Retained Earnings:

which is net income - dividends:

sales 316,547

costs (219,406)

other expenses (8,481)

depreciation expense (18,633)

interest expense (14,216)

taxes (15,217)

net income 40,594

dividends (10,678)

change in RE 29,916

NWC = -3,283 + 5,629 + 29,916 - 24,154

NWC = 8,108

8 0

3 years ago

17. When a business hires another company to

Lady bird [3.3K]

Transferring risk

Explanation:

To transfer risk is in a way to test grounds of a volatile business by using a smaller company as bait and seeing how the market reacts to it before committing completely for the catch once the company decides what to do there.

Transference of risk is possible for big firms and allows them to get a real view of the scenarios they can expect to see when they set up operations in a place.

7 0

3 years ago

Miracle Clean's variable costs are $3.00 per bottle and Fixed Expenses are $350,000 per year. The company currently sells 150,00

DerKrebs [107]

Answer:

131,250= number of units

Explanation:

Giving the following information:

We need to calculate the number of units to be sold to maintain a profit of $175,000.

Unitary variable cost= $3

Fixed expenses= $350,000

Selling price= $7

Net income= total contribution margin - fixed cost

175,000= number of units*(7 - 3) - 350,000

525,000 = number of units*4

525,000 / 4= number of units

131,250= number of units

7 0

3 years ago

Over the last 50 years, family income has become __________ in explaining the educational achievement gap

salantis [7]

It seems that you have missed the necessary options for us to answer this question, but anyway, hope this answer helps. Over the last 50 years, family income has become MORE IMPORTANT THAN RACE in explaining the educational achievement gap. Hope this answers your question.

7 0

3 years ago