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4 years ago

What information do you need before you can decide which type of business might be the most successful?

Business

1 answer:

Mademuasel [1]4 years ago

4 0

Answer:

It is essential to understand the competition within the surrounding. For instance, if rivalry for outdoor footwear is intense, the café may be the better decision. it is essential also to know the need to which business has variables of creation that are workable for me to meet.

It is essential to comprehend if a business is organized to be semi-non-attendant. If your heart is determined to having a home improvement business, you'll see that this sort of adventure fits the proprietor administrator's plan of action, requiring a full-time responsibility from the proprietor. Keep a receptive outlook when searching for a semi-truant chance.

You might be interested in

A benefit of monopoly for the business owner is

inessss [21]

From the monopolist points of view the benefits are, holding 100% of the market, the ability to have a great influence on price and of course, no competition.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

6 0

4 years ago

At Pharoah Electronics, it costs $33 per unit ($19 variable and $14 fixed) to make an MP3 player that normally sells for $55. A

Nostrana [21]

Answer:

Reject Order Accept order Net Income

Increase (Decrease)

Revenues = $0 $105,000 $105,000

(3750 units x $28)

Costs-Manufacturing = $0 -$71,250 -$71,250

(3750 units x $19 (VC) )

Shipping $0 -$3,750 -$3,750

(3750 units x $1)

Net Income $0 $30,000 $30,000

Pharoah Electronic would realize the net Income of $30,000 by accepting the special order. Hence, the special order should be accepted.

8 0

4 years ago

Surveys show that a small increase in the price of one brand of gasoline (e.g. Shell or Irving) will cause most people to switch

tamaranim1 [39]

Answer:

Relative elastic

Explanation:

Elastic demand means that quantity demanded is sensitive to price changes.

A small change in price leads to a greater change in quantity demanded

4 0

3 years ago

Closing Entries with Net Income Assume that the entry closing total revenues of $3,190,000 and total expenses of $2,350,000 has

Mademuasel [1]

Answer:

a. Debit Teresa's Capital account for $770,000; and Credit Teresa's Drawing account for $770,000.

b. Teresa Schafer, Capital at the end of the period is $$1,955,000

Explanation:

a. Journalize the entry required to close the Teresa Schafer, Drawing account.

Since the drawing will affect capital by reducing it, the journal entry will look as follows:

Particulars Dr ($) Cr ($)

Teresa's Capital account 770,000

Teresa's Drawing account 770,000

(To record the closing the Teresa Schafer, Drawing account.)

b. Determine the amount of Teresa Schafer, Capital at the end of the period.

To do this, we have to calculate the net profit first as follows:

Net profit = Total revenue - Total cost = $3,190,000 - $2,350,000 = $840,000

Since net profit will increase capita while drawing will reduce capital, we therefore have:

Capital at the end of the period = Capital + Net profit - Drawing = $1,885,000 + $840,000 - $770,000 = $1,955,000.

Therefore, Teresa Schafer, Capital at the end of the period is $$1,955,000.

7 0

4 years ago

Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi

garri49 [273]

Answer:

The incremental earnings are $0.4251

Explanation:

All those costs that are incremental costs that arise on the following principal:

"If we take decision, there is a cost and

If there is no decision, there is no cost."

This means that:

Incremental cost = Cash flow due to taking decisions less Cash flows due to not taking decisions

Incremental Earnings Forecast ($ million) ($ million)

Gross Profit of Mini Mochi Munch

Year 1 10.1 * 34% 3.434

Year 2 8.1 * 34% 2.754 6.188

Gross Profit of Other products

Year 1 2.1 * 23% 0.483

Year 2 2.1 * 23% 0.483 0.966

Advertising cost (6.5)

Net Operating Cash Flow 0.654

Tax at the rate 35% (0.2289)

Net Cash flow 0.4251

6 0

4 years ago