Answer:
$173,050
Explanation:
Expected revenue = 0.3*$252,000 + 0.2*$61,000 + 0.5*$170,500
Expected revenue = $75600 + $12200 + $85250
Expected revenue = $173,050
So, the expected annual revenue for the store is $173,050
<span>Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.</span>
Answer:
The answer is below
Explanation:
Vertical merger is a business term, that describes the acquisition of one or more firms by another firm, in which the firms involved are not in direct competition.
In other words, it is a situation where by, a firm acquires a supplier or distributor. A vertical merger, is considered to result to reduced cost and increment in productivity of the firm that acquires other firm.
Benefits of Vertical Merger.
1. Operational Improvements: one of the benefits vertical mergers, is in operational improvements, such that, as the reduction in cost, the delay in delivery of supplies will be greatly reduced or outrightly eliminated. It could also created avenue or marketing opportunity in supplying materials to competitors or other firms
2. Financial Synergies: this implies that, vertical merger could increase the company access to capital, funds, or credit facility from banks, which can be used in smooth running of the firm.
3. Management Efficiencies: vertical merger can leads to reduction in the cost and running of executives, such that, the inefficient personnels are removed and at the same time, increase the overall operations and commun of the excutives.
Answer:
The correct answer is: forward vertical integration.
Explanation:
Forward vertical integration is a way to grow a business by integrating into a new link in the value chain in which the company operates. Forward integration occurs when, for example, a manufacturer creates its own network of stores to sell its products. On the contrary, a case of backward vertical integration would be the assumption of a retailer that decides to create its own line of products to sell in its store.