First Stage: Sole Proprietorship
In the early stage of development, Troy Smith started
Sonic as sole proprietorship. The advantage in this stage was that he was
making all business decisions to himself. While the disadvantage was that he
was not having help with things when needed thus causing his first ventures to
fail
Second stage: Partnership
The advantage in this scenario was that Troy Smith is now
having help with things like and he can focus his attention in improving the
business operations while his partner focus primarily on sales. The greatest
disadvantage now is that he has to share the profits of the business.
Third stage: Franchise
The business can now continue to grow while maintaining all
the same qualities the company was started with. The disadvantage would now be
Troy Smith would have limited control over the success of that particular
franchise.
Answer:
D. research the employer or company
Explanation:
A good and recommended way to prepare for a job interview is to research the company they want to join. Understanding as much as possible about the company gives one confidence in the interview room. Knowledge about its products and services helps answer questions and formulate the questions to ask.
One should also research what the company expects of them in their role. This information gives one an edge over the other candidates in the interview.
Answer:
d $250,000; subtracted from
Explanation:
Sales of U.S. Treasury bills to the banking system by the Fed is a contractionary monetary policy that will reduce the money supply.
Based on the money supply multiplier, the amount of the reduction in money can be calculated as follows:
Amount of reduction in money supply = $25,000 / 10% = $250,000.
Therefore, if the banking system does NOT want to hold any excess reserves, <u>250,000</u> will be <u>substracted from</u> the money supply.
Price = $20
Variable cost = $12
Therefore the
contribution margin = price - variable cost = 20 - 12 = $8.
The contribution margin is used to pay the total fixed costs. Since these costs equal $6000, the factory needs to sell the following amount of products:
Therefore, the
total break-even revenue = price * break-even amount = 20 * 750 = $15,000
Hence, the correct answer is
D. $15,000
Allows individuals to operate their businesses in ways they think will maximize their profits. :) Hope this helps.