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RideAnS [48]
3 years ago
6

Hannah Li wants to quit her job as a legal secretary and start her own small business. She knows that she will be successful if

she can find the right idea. Where can Li look for ideas for her new business?
Business
1 answer:
Nadya [2.5K]3 years ago
7 0

Answer: Li can look for new ideas from different sources such as her career interests, problems she encountered on her job and suggestions from friends

Explanation: Great ideas are developed from a need to fix a problem. In searching for a new idea its encouraged for one to consider fixing a problem could be from a previous work environment. New ideas also come from ones interests such as a career path, a hobby or a passion. Alternatively, the importance of discussing ideas with friends and families can not be overemphasized as they know you best and can proffer great solution.

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A package at the fedex plant falls off the conveyor belt while being sorted; which type of decision-making skills would be used
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6 0
3 years ago
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Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t
Ganezh [65]

Answer:

$22

Explanation:

JL Groomers will maximize its accounting profit while taking to 0 its economic profits when the marginal revenue = marginal costs.

Economic profits are not the same as accounting profits, since they include the opportunity costs of investing the money somewhere else. That is why in the long run firms are not able to make economic profits since as long as they exist, new competitors will enter the market. But on the short run, firms are able to make economic profit, but by doing so, they will not be maximizing their accounting profit.

Economic profit = accounting profit - opportunity costs

Opportunity costs are the extra costs associated or benefits lost from choosing one activity or investment over another one.

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3 years ago
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7 0
3 years ago
For a project with cash outflows during its life, the least preferred capital budgeting tool would be: A. internal rate of retur
Mashcka [7]

Answer:

A. internal rate of return.

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Net present value method: In this method, the initial investment is deducted from the cash inflows of the discounted present value. If the sum comes under positive than the project would otherwise not be beneficial to the company.

The internal rate of return is that return in which the net present value is zero, meaning that the initial investment is equal to the present value of the annual cash flows after taking into account the discount factor

Moreover, the IRR could be in multiples also i.e multiple IRR.

5 0
3 years ago
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STALIN [3.7K]
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