The number one reason for failure of a new business is poor management.
Hope that helped! (:
Answer:
![\large\boxed{\large\boxed{41\%}}](https://tex.z-dn.net/?f=%5Clarge%5Cboxed%7B%5Clarge%5Cboxed%7B41%5C%25%7D%7D)
Explanation:
You need to assume that the total <em>expenses</em> were equal to the<em> cost of the supplies</em>, i.e. there were not other expenses but the<em> $1,500 for supplies to sell.</em>
The total income or revenue was <em>$3,700</em>.
The <em>percentage of the expenses to the revenue</em> is:
![Percentage=\dfrac{expenses}{revenue}\times 100\\\\\\ Percentage=\dfrac{\$1,500}{\$3,700}\times 100=40.5\%\approx41\%](https://tex.z-dn.net/?f=Percentage%3D%5Cdfrac%7Bexpenses%7D%7Brevenue%7D%5Ctimes%20100%5C%5C%5C%5C%5C%5C%20Percentage%3D%5Cdfrac%7B%5C%241%2C500%7D%7B%5C%243%2C700%7D%5Ctimes%20100%3D40.5%5C%25%5Capprox41%5C%25)
Answer:
Re-intermediation
Explanation:
Re-intermediation is the method applied by most businesses in using the internet to bring together new customers for a business. The advent of technology can afford business owners the possibility of eliminating physical intermediaries in a business. For example, house agents help people who are seeking for new places to live in, find houses easily. Through the internet, however, landlords can directly advertise their vacant houses, thus eliminating the agent relationship which would have served as an intermediary.
So, when established manufacturers by-pass Amazon (which is an intermediary between buyers and sellers) by adding online services to their existing offerings, they have done a re-intermediation.
Answer:
<u>Current Ratio = 2; Yes</u>
Explanation:
First, to solve for current ratio, simply divide the current assets by the current liabilities.
So the current ratio would be $30,000 / $15,000 resulting to <em><u>2</u></em>
Now, a current ratio greater than one means that <u>Mister Ribs will be able to pay its current liabilities as they come due in the next year.</u>
However, because the current ratio at any one time is just a snapshot, it is usually not a complete representation of a company’s liquidity or solvency.