Answer: necessity entrepreneur
Explanation: While an entrepreneur is described as someone who organizes and operates a business venture and assumes much of the associated risks, necessity entrepreneurs only do so out of necessity (the quality or state of being necessary, unavoidable, or absolute requisite). As such, they are individuals ranging from educated persons to street sellers especially in developing countries who create small businesses or enterprises out of the need to survive. In Michael Peters' case, he lost his job due to downsizing which caused him to apply his skills and talents to starting up a business.
Answer:
3.55 years
Explanation:
The payback period is the length of time it takes for Beyer Company to recoup the initial investment of $370,000.
In other words, the number of years for the net cash flows of the project to equate the initial investment amount of $370,000 as shown in the attached excel file for Beyer company's payback computation
Answer:
Option which would likely appear on that budget will be:
Batch level costs: production setup.
Explanation:
Here the company uses activity based budgeting is a management accounting tool which new year budget is only seen by not considering the previous year records.
Activity based budgeting which is a budgeting method in which firstly the overhead costs are being calculated and the the budgets gets created.
Batch-level cost is a cost which is not associated with any given specific individual units but is associated with a group of units.
For example, to set up a production run the cost incurred is associated with the batch of goods that are produced subsequently.
Another example can be be procurement costs. The expenses associated with the procurement costs include the ordering of direct materials, paying suppliers and receiving goods.
Since all of the expenses are related to the orders placed numbers, they must be allocated not to an individual product but to group of unit.
Answer:
The answer is: C)$3,000
Explanation:
The standalone selling price is the price at which the company would sell warranty separately to its customer. In this case we need to find the stand alone price of the discount option.
We first find the difference between regular price and the discount option:
$25 - $20 = $5
Then we multiply by the possibility of the discount sale happening (60%) and the total number of goods sold with the discount option.
= $5 x 60% x 1,000 fryers
= $3,000
The price of designer jeans would likely increase if its demand increases and there is no changes in supply.
