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olganol [36]
3 years ago
12

Shelby and her sister Isa want to go into business together selling beauty products. They have agreed to share the risks and pro

fits associated with their new business endeavor, what type of business ownership should they set up?
Business
2 answers:
Gemiola [76]3 years ago
7 0

Answer:

Shelby and Isa should form a general partnership. Some of the advantages of general partnerships are:

  1. partnerships are easy to form and don't require a lot of paperwork
  2. partnerships have simple structures, usually the partners participate in the business activities of the partnership
  3. the partnership's profits and losses are passed to the partners (no double taxation)
  4. partnerships can be easily dissolved

Although the largest disadvantage of general partnerships is unlimited liability, every partner is liable for all of the partnership's debts and obligations.

Explanation:

grigory [225]3 years ago
3 0

Answer:

They decided to set up a partnership.

Explanation:

Two persons agreeing to share the <em>risks</em> and <em>profits</em> of their business

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True or false?
valentina_108 [34]
True total utility always decreases when marginal utility is present
6 0
3 years ago
Granite State Airlines serves the route between New York and Portsmouth, NH, with a single-flight-daily 100-seat aircraft. The o
TEA [102]

Answer:

Given data: One flight with total seats = 100

Full fare passengers, cost per ticket=$150, mean=56 passengers, SD=23

Discount fare passengers, cost per ticket=$100, mean=88 passengers, SD=44

(a) Here, though there is a hint to use the CDF, since the confidence interval is not given we will make some simplying assumptions that will reduce the complexity of the question, of course keeping the question statistically correct.

this question wants us to maximize total revenue per flight (one way), we can do that by taking only full fare passengers or total revenue will be 150*100=$15,000, but since historical probability shows a mean of 56 with a standard deviation of 23, we can assume in best case scenario total full fare ticket passengers will be 56+23=79, leaving 21 tickets for discount passenger, in this case the total revenues will be 79*150+21*100=$13,950

(b) Now, the new constrained policy is giving a clear cut number of seats to each category of pasengers, 44 for discount (total revenues 44*100) and 56 for full fare (total revenues 56*150) both of which are within the probabilities given earlier (full fare mean=56, discount mean=88). Total revenues in case will be 44*100+56*150=$12,800.

(c) Gain is the difference of the excess revenues in both cases of optimal total revenues and limited seats policy or answer (a) - answer (b) = $13,950- $12,800=$1,150

(d) Realistically speaking, there is no answer for this question without a clear cut confidence interval. Another simplifying assumption we can make here is taking the mean passengers as expected bookings (can be tweaked once confidence interval or degree of significance is given). so total revenues in this case will be 44*100 from discount and 56*150 from full fare passengers. That is still similar to answer (c) due to our assumption/lack of constraints, so our optimal booking will be 54 full fare tickets and 44 discount passenger tickets. You can also take worst case scenario by subtracting SD of each passenger type from the mean or go the best case scenario in which SD of full fare will be added to the mean while the pending seats (left over from 100) will be the total to discount fare for optimal revenue collection.

6 0
4 years ago
Read 2 more answers
If staff salaries were $44,000/month last year, and the yearly cost increase from last year to this year $108,000, what is the m
andre [41]

Answer:

The monthly labor cost this year=$53,000

Explanation:

<em>Step 1: Determine yearly cost of labor last year</em>

T=C×N

where;

T=total cost of labor last year

C=labor cost per month

N=number of months in a year

In our case;

T=unknown, to be determined

C=$44,000 per month

N=12 months

Replacing;

T=(44,000×12)=$528,000

<em>Step 2: Determine yearly cost of labor this year</em>

This years cost of labor can be expressed as;

Y=T+I

where;

Y=this year's labor cost

T=last years labor cost

I=the increase in cost from last year to this year

In our case;

Y=unknown to be determined

T=$528,000

I=$108,000

Replacing;

Y=(528,000+108,000)=$636,000

<em>Step 3: Determine monthly cost of labor for this year</em>

Monthly labor cost this year=this years labor cost/number of months in a year

where;

Monthly labor cost this year=unknown to be determined

this years labor cost=$636,000

number of months in a year=12

Replacing;

Monthly labor cost this year=(636,000/12)=$53,000

The monthly labor cost this year=$53,000

8 0
3 years ago
13. In a market system, how are the terms of exchange established? a. Consumer advocacy groups establish fair prices for items,
yuradex [85]

The forces underlying supply and demand interact to determine the market price.

<h3><u>Explanation:</u></h3>

The persons involving in the activities of trading comprises the market system. It includes sellers, buyers and others involved in trading process. They also includes the buyers, consumers, producers who are the major players of the market system who determines the economic activity in it.

The supply and demand law is the major determinant of the production of goods and services in a market economy. The natural resources, land, capital and labor are the supplies. The purchasing power of the government, consumers and business are the demands. The forces underlying supply and demand interact to determine the market price.

3 0
3 years ago
When gathering information which of the following task might you need to perform
JulsSmile [24]

Answer:

take notes, research that information

6 0
3 years ago
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