The other inspiring realizations that helped Andrew Feld to come up with the idea for his startup, Fresh Patch, were as follows:
- <u>Idea:</u> His pet gave him some idea that he could build a patch bathroom to enable his dog to ease whenever nature comes calling. When he tried it out with the dog and saw the success, he engaged his need for income to start marketing the product to others.
- <u>Necessity:</u> Since he was unemployed with a pregnant wife, he realized that he could do something with his time. This made him to try the bathroom for dogs idea that his pet needed. He needed some income to cater for his family.
- <u>A Big Vision:</u> The other realization is that the first year could be tough and will-breaking. Then, he also realized that a big vision could be realized if one works hard at it.
Thus, these realizations greatly helped Andrew Feld for his startup, Fresh Patch.
Read more about inspiring ideas for business startups at brainly.com/question/11671311
Answer:
By producing the starters the company will save $20,000 per year.
Explanation:
production costs
direct materials $3.10 per unit
direct labor $2.70 per unit
supervision $60,000
depreciation <u>$40,000</u>
variable manufacturing overhead $0.60 per unit
rent <u>$12,000</u>
total production cost $9.20 per unit
The engineer is wrong because he is considering fixed costs like depreciation and rent that should not be included because they are independent on whether this project is approved or not. Once you take away depreciation and rent, the cost per unit will fall by $1.30 [= ($40,000 + $12,000) / 40,000 units].
Since the production cost = $9.20 - $1.30 = $7.90, which is lower than $8.40 which is the purchase cost, the company should start producing the starters at least until its sales bonce back.
By producing the starters the company will save ($8.40 - $7.90) x 40,000 units = $20,000 per year
Variable costing method is used mostly for internal management decision making process. While absorption costing method is used for both internal and external decision making process
The page entry at the top right side of the journal should be <span>J1.
Hope this helps!!</span>
}{y}[/tex]Answer:
For part A) The <u>entire 2019 is deductible.</u>
For part B) $9,075
Explanation:
FOR PARTE A) we know the equation is:
where y is 12 (which means the entire year) and the number of months will be also 12. So the equation will be:
and the answer will be 24,200 which means the entire year is deductible.
FOR B) the equation to be used will be replaced by 24 (two years) and the number of month will be 9.
so the equation is:
the answer wil be $9,075
