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3 years ago

Is when 2 or more people come together to start a business

Business

1 answer:

inna [77]3 years ago

6 0

Answer:

Partnership

Explanation:

A partnership is a legal agreement between two or more individuals, called partners, who come together to carry out business activities.

Each partner owns part of the business

They collectively contribute to start the business.

The partners collaborate in the day to day running of the business.

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Wood County Hospital consumes 1,000 boxes of bandages per week. The price of bandages is $35 per box, and the hospital operates

jarptica [38.1K]

Answer:

= $367.34

Explanation:

Economic order quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding costs are equal to the ordering costs.

EOQ = (2× Co× D)/Ch

Total relevant cost of inventory = ordering cost + Holding cost

Step 1

Total cost of inventory under EOQ

EOQ for Wood County

EOQ = 2√(2× 15 × 1000× 52)/(15%× 35)

= 545.10 units

ordering cost =( (1000× 52)/ 545.10 ) × 15 = 1,430.90

Holding cost = ( 545.10/ 2) × 15% × 35 =1,430.90

Total cost =1430.90 + 1430.90= $2,861.81

Step 2

Total cost of inventory using order size of 900 boxes

ordering cost =( (1000× 52)/900 ) × 15 = 866.66

Holding cost = (900/ 2) × 15% × 35 = 2,362.5

Total cost = 866.66 + 2,362.5 = $3,229.16

Step 3

Calculate in savings in total costs

Savings = Difference in total inventory cost of EOQ order size and 900 boxes order size :

=$3,229.16-$2,861.81

= $367.34

Savings = $367.34

3 0

3 years ago

Which factor caused a higher oil prices to directly lead to inflation?

defon

The government began to print more money. The increase in the ‘money supply’ which happens faster than the economic growth leads to inflation. When the government prints more money then it brings down the value of the money in the market.

7 0

3 years ago

For people who live near a bus route, a subway station, or a commuter rail line, public transportation provides a substitute to

Tom [10]

Answer: Positive.

Explanation:

Suppose there are two related goods, i.e, Good A and Good B.

Cross price elasticity of demand refers to the responsiveness of demand for Good A if there is a change in the price of its related good, i.e, Good B.

Now, we are talking about gasoline and public transportation, suppose if there is increase in the price of gasoline then it will be costlier for the people to drive their own cars, as a result demand for public transportation increases.

There is a positive relationship between the gasoline and public transportation.

Hence, cross-price elasticity of demand between gasoline and public transportation is Positive.

5 0

3 years ago

True or false: you should measure the inputs to a restaurant process in customers and the outputs in dollars.

kondor19780726 [428]

You should measure the inputs to a restaurant process in customers and the outputs in dollars is a false statement.

<h3>What is the flow of a restaurant?</h3>

This is known to be called the patron's flow and it is one that tends to originate from the entrance to the table of the host, and also to the restrooms as well as the back out.

Note that Flow is seen as a form of volumetric flow rate and it is one that is simply known to be the volume of fluid that moves per unit of time.

Therefore, saying that you should measure the inputs to a restaurant process in customers and the outputs in dollars is a false statement.

Learn more about restaurant process from

brainly.com/question/14672240

#SPJ1

3 0

1 year ago

1. Purchased computers for $20,000 from Data Equipment on account. Select an effect 2. Paid $3,000 cash for May rent on storage

nata0808 [166]

Answer:

The question is not complete.

Here is the complete question:

Keystone Computer Timeshare Company entered into the following transactions during May 2017.

Describe the effect of each transaction on assets, liabilities, and stockholders' equity.

1. Purchased computers for $20,000 from Data Equipment on account. Select an effect

2. Paid $3,000 cash for May rent on storage space. Select an effect

3. Received $15,000 cash from customers for contracts billed in April. Select an effect

4. Performed computer services for Ryan Construction Company for $2,700 cash. Select an effect

5. Paid Midland Power Co. $11,000 cash for energy usage in May. Select an effect

6. Stockholders invested an additional $32,000 in the business. Select an effect

7. Paid Data Equipment for the computers purchased in (1) above.

Select an effect

8. Incurred advertising expense for May of $840 on account.

Here is the answer:

Transaction Effect on asset, liabilities and equity

1 Increase in asset(computer account) by $20,000

and increase in liabilities (account payable) by

$20,000

2 Decrease in asset(cash account) by $3,000 and

decrease in equity (rent expense account) by

$3,000

3. Increase in asset (cash account) by $15,000 and decrease in

asset (account receivable) by $15,000. Net effect is zero.

4. Increase in asset (cash account) by $2,700 and increase in

equity (service revenue account) by $2,700

5. Decrease in asset (cash account) by $11,000 and decrease in

equity (Energy expense account) by $11,000

6. Increase in asset (cash account) by $32,000 and increase in

equity (common stock account) by $32,000

7. Decrease in asset (cash account) by $20,000 and decrease in

liabilities (account payable) by $20,000

8. Increase in liabilities (accrued advertising expense) by $840

decrease in equity (advertising expense account) by $840

Explanation:

Assets are economic resources of the firm in which future economic benefits are expected to flow to the entity. Liabilities are the entity`s financial obligation to those who are not the owners of the business. Equity is the residual value after deducting am entity`s assets from its liabilities.

With this background, business transactions and events are recorded either as increase or decrease in asset, liabilities and equity.

6 0

3 years ago