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anyanavicka [17]
3 years ago
7

Anita is an entrepreneur who is interested in starting a hair salon. Anita consulted her friend Ali, who is a businessman, to ge

t some business advice. Ali advised Anita to calculate the total ________ she will need to raise. He advised her to choose a ________ where she can find skilled labor and plenty of clients. He also advised her to figure out the ________ for every piece of equipment she buys for the salon.
Business
2 answers:
Lera25 [3.4K]3 years ago
7 0
Ali advised Anita to calculate the total capital she will need to raise. He advised her to choose a market where she can find skilled labor and plenty of clients. He also advised her to figure out the total cost for every piece of equipment she buys for the salon.
Varvara68 [4.7K]3 years ago
4 0

ANSWER 1. Capital

EXPLANATION: Calculating capital is necessary for a business. It is the basic duty of an entrepreneur to calculate capital before starting any business to check the financial capacity of the entrepreneur. Calculating capital also helps to estimate if any outside finance is necessary to start the business.

ANSWER 2: Set of Services

EXPLANATION: Choosing and categorizing set of services is necessary before starting any business. This will help in acquiring expert and trained set of labors to carry out the work. The clients will also come to know of the services that are available in the business. Expert and trained set of labors are difficult to find in any market.

ANSWER 3: Total Cost of Ownership

EXPLANATION: Total cost of ownership is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. Each and every piece of equipment that Anita buys is added to the cost of the ownership of the business.

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Dale's business services purchased a land in January 2015 at a cost of $350,000. It paid a sales tax and transfer document cost
ch4aika [34]

Answer:

land   362,500

Explanation:

the accounting considers that asset should be measure at historic cost thus, the land will be disclosure as the sum of all the cost incurred to obtain it and leave it read y for use:

350,000 cost

   2,500 delinquent propierty tax

<u>   10,000 </u>removal of the building

362,500 total cost.

8 0
3 years ago
Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are
Zigmanuir [339]

Answer:

Product           Quantity  Selling price    Sales value

                          Pint                $                      $

Smooth skin    140,000         3.60            504,000

Silken skin       180,000          5.30           954,000

                         320,000                           1,458,000

The amount of joint cost to be apportioned to smooth skin                                                                                            

= $504,000/$1,458,000 x $340,000

= $117,531

Explanation:

There is need to determine the sales value for each product by multiplying the quantity of pint sold by respective selling prices. Then, we will compute the total sales value. The amount of joint cost that will be allocated to sooth skin is the ratio of sales of smooth skin to the total sales value multiplied by the joint costs incurred.

3 0
4 years ago
A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company'
Alchen [17]

Answer:

c. $4,025,200

Explanation:

The computation of the total cash receipts from sales and collections in April month is shown below:

= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales  credit sales percentage × Following month collection percentage

= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%

= $1,200,000 + $1,120,000 + $1,705,200

= $4,025,200

Since cash sales are 30% , so the credit sales would be 70%

3 0
4 years ago
The American Eagle chain of retail stores has a reputation as one of the "coolest" brands according to Teen Research Unlimited.
katovenus [111]

Answer:

(a) Men and women aged 16 to 22

Explanation:

The teens nitch is defined from 13 to 19 years old, therefore the youngster in the age from 16 to 22 is the optimal market for American Eagle.

3 0
4 years ago
Item 1Item 1 A company's 2019 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,
Mama L [17]

Answer:

$1,160,000.00

Explanation:

The amount of cash received during the year is the total sales revenue minus the increase in accounts receivable which is the credit sales upon which payment was not received as well as the decrease in unearned sales revenue which is the sales revenue recorded in the year but its  cash was received in the prior year.

Amount of cash received during the year=$1,200,000-$25,000-$15,000=

$ 1,160,000.00  

The decrease in unearned sales revenue would a debit to unearned sales revenue and a credit to sales revenue, hence it has increased sales revenue

7 0
3 years ago
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