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4 years ago

Four challenges faced by small businesses

1 answer:

7 0

Client Dependence

If a single client makes up more than half of your income, you are more of an independent contractor than a bussiness owner
Money Management

Having enough cash to cover the bills is a must for any business, but it is also a must for every individual.
Thirdly dependence on founder and lastly balancing quality and growth is a problem

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Malinda's auto dealership of imported cars made $895,000 in revenue. The manager has determined that the total expenses equal to

jarptica [38.1K]

Answer:

Profits: $297,000

Explanation:

Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.

Profits arise when revenues exceed expenses.

For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.

Profit = revenue - expenses

=$895,000 -$598,000

=$297,000

8 0

3 years ago

Assume that the following events occurred at a division of Generic Electric for March of the current year:

stiks02 [169]

Answer:

Transferred in Manufacturing Costs $ 32,000,000

Transferred out $ 20,800,000

Ending Balance $ 11,200,000

Explanation:

Generic Electric

Material Purchases $ 15,000,000

Transferred to Work in Process = 10,500,000

Direct Labor $ 8,000,000

Manufacturing Overhead $ 13,500,000

Total Manufacturing Costs $ 36,500,000

Transferred in Manufacturing Costs $ 32,000,000

Completed 65 % of $ 32,000,000=$ 20,800,000

Transferred out $ 20,800,000

Ending Balance = $ 32,000,000-$ 20,800,000= $ 11,200,000

5 0

3 years ago

The new york stock exchange, where financial investors buy and sell existing stock, is an example of _______.

storchak [24]

The new york stock exchange, where financial investors buy and sell existing stock, is an example of the secondary market.

A market is a composition of structures, institutions, approaches, social family members or infrastructures whereby parties interact in trade. at the same time as events can also alternate goods and offerings by way of barter, most markets depend upon dealers imparting their goods or offerings to shoppers in exchange for money.

A marketplace is an area wherein consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets may be bodily like a retail outlet, or virtual like an e-store. other examples include illegal markets, public sale markets, and financial markets.

Learn more about market here:brainly.com/question/25754149
#SPJ4

8 0

2 years ago

Which of the following statements is correct?

myrzilka [38]

Answer:

Explanation:

7 0

4 years ago

To finance the remodeling of her kitchen, Rosa borrowed $26400 on an 18-month home equity loan. She signed a promissory note bea

natulia [17]

28875

Explanation:

Rosa borrowed $26400 for remodeling of her kitchen on home equity loan.

Promissory note bearing interest of 12 and 1/2% or 12.5% or 0.125.

Total amount Roma has to pay in the due which means the end of <em>18 months.</em>

1st Principal amount is $26400 = P

2nd Rate of interest is 12 and 1/5 %. = R

3rd Time days/month/week taken to pay the total amount. =T

P= $26400 , R = 12.5 % and time is 18 months

<u>Adjustments:-</u>

R = .125 T = 18/24 (calculated on a monthly basis, 1 year has 12 months)

PRT = Interest on a due date

I = 26400 * .125 * 0.75 = 2475

2475 interest charged for 18 months

Total amount Roma has to pay in the due date ?

26400 + 2475 = 28875

6 0

3 years ago