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3 years ago

Identify and explain in detail 5 objectives of an entrepreneur

Business

1 answer:

artcher [175]3 years ago

5 0

Answer & Explanation:

1). PROFITABILITY: Every entrepreneur wants to get and stay profitable. This is a fundamental business goal.

2). EXCELLENT CUSTOMER SERVICE: A customer is seen as the king as without him there is no business. Excellent customer service is a skill and an objective of every enterprenuer.

3). EMPLOYEE ATTRACTION AND RETENTION: A low staff turnover is important for a business as it helps an entrepreneur stay in business.

4). SUSTAINABLE GROWTH: Going concern of a business is an important objective to an enterprenuer.

5). ALIGNING MARKETING AND SALES: Marketing and sales translates to income for a business as its activities generates revenue and keeps the business afloat.

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Sam was driving when someone ran a stop sign and totaled his car. his car cannot be repaired, so he realizes he's going to have

anzhelika [568]

<span>The stage of the consumer decision making process that is represented is needing recognition. When Sam's car was totaled by someone hitting a stop sign, Sam found out his car could not be repaired therefor he discovered that he needed a new car. This was recognizing the need, which was to replace his vehicle.</span>

6 0

3 years ago

Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours

balu736 [363]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Estimated overhead= $285,600

variable manufacturing overhead= $2.70 per machine-hour

Estimated machine-hours= 42,000

Job A496:

Number of units in the job 20

Total machine-hours 80

Direct materials $910

Direct labor cost $1,820

First, we need to allocate overhead to Job A496:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (285,600/42,000) + 2.7

Estimated manufacturing overhead rate= $9.5 per machine hour

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9.5*80= $760

Now, we can calculate the total cost:

Total cost= 910 + 1,820 + 760

Total cost= $3,490

Finally, we determine the unitary cost:

Unitary cost= 3,490/20= $174.5

5 0

3 years ago

Waterway Industries purchased a depreciable asset for $610000 on January 1, 2018. The estimated salvage value is $61000, and the

Wittaler [7]

Answer:

The depreciation charge in 2021 is $ 164,000.00

Explanation:

Annual depreciation charge=cost-salvage value/useful life

cost is $610,000

salvage value is $61,000

useful life is 9 years

Annual depreciation charge=($610,000-$61,000)/9=$61000

The depreciation of charge of $61000 is applicable to years 2018 ,2019 and 2020 respectively.

The estimates of the asset changed in the year 2021,hence a new depreciation based on the present book value is required.

revised depreciation charge=$610,000-($61,000*3)-$99,000/(5-3)=

$164,000.00

5 0

3 years ago

Can you double your money in retirement funds?

Alenkinab [10]

Answer:

Explanation:

my grandma retired so I know a little about retirement

8 0

3 years ago

Toys, Trinkets and More requires a minimum rate of return of 12% on its average operating assets. The toy department currently h

Serggg [28]

Answer:

Residual Income = $6,000

Explanation:

Residual income is the excess income of a firm leftover the opportunity cost of capital or over the desired income.

Given,

The minimum rate of return 12%

Average operating assets = $300,000

Net operating income = $42,000

We know,

Residual Income = Net Operating Income - (Average operating assets x the minimum rate of return)

Residual Income = $42,000 - ($300,000 x 12%)

Residual Income = $42,000 - $36,000

Residual Income = $6,000

6 0

4 years ago