Answer:
1. $97,500
2. 40.9%
3. $24,375
4. 14.77%
Explanation:
<u>Given the following data;</u>
Amount of money owned (Savings account) = $67,500
Total amount required = $165,000
To find the amount needed from investors to start the business;
Let the balance = X
Substituting into the equation, we have;
X = $97,500
To find the percentage of ownership;
Percent ownership = savings/total * 100
Substituting the values into the equation;
Percent ownership = 40.9%
To find the amount to be invested by each of the four investors;
Investor = X/4
Substituting into the equation, we have
Investor = 97500/4
Investor = $24,375
Therefore, each of the investors will need to invest $24,375.
Percentage for each investor;
Percent = 14.77%
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A manager and employee agree on precise performance goals, and then a strategy is created to help them be achieved. This approach is known as management by objectives (MBO). Having an effective control system aids in achieving goals. Planning, organising, leading, and controlling are the four primary management activities that have replaced and replaced Fayol's functions over time. In contrast, managers work to apply procedures like organisational structuring and budgeting in order to attain organisational goals. Managers must make judgments to employ resources economically and effectively in order to meet market goals and objectives.
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Answer
356.75 ≅ 357 Clocks
Explanation
VC = Variable cost per clock = $6 per clock
SP = Selling price per clock = $24 per clock
TFC = Total Fixed Costs = $6,600
If the Variable Cost decreases by $0.50
the the new variable cost = = $6 - $0.5 = $5.5 per clock
Break-Even Point (Units) = Fixed Costs ÷ (Sales per Unit – Variable Cost per Unit)
= $6,600 ÷ ( $24 per clock - $5.5 per clock)
= 356.75 ≅ 357 Clocks