The answer is economic forces. These are the factors that aid to determine the keenness of the surroundings in which the business functions. These factors consist of joblessness level, inflation rate, government changes and economic policies. These factors conclude a business’ capacity of request for its merchandise and move its marketing approaches and undertakings.
- person working a part time job but seeking full time employment
-had a job but earns low wages
-people that have large families
-member of family with serious health issue
Answer: $972.74
Explanation:
From the information given, the external finance is calculated thus:
Sales growth = ($5970 - $5000) / $5000 × 100 = $970/$5000 × 100 = 19.4%
Then, we calculate the net income which will be:
= Sales - Cost
= $5970 - ($3410 × 1.194)
= $5970 - $4071.54
= $1898.46
Total asset = $14800 × 1.194 = $17671.20
Total equity = $3800 + $1898.46 = $5698.46
External financing needed:
= Total assets - Total equity - Debt
= $17671.20 - $5698.46 - $11,000
= $972.74
The ability to easily raise financial capital.
Raising funds can be difficult in any business structure, but in a sole proprietorship you cannot rely on the funds of partners.
Answer:
Cost of ending inventory = $760
Explanation:
This can b calculated as follows:
Units of 1/1 Beginning inventory - 50
Units of 4/25 Purchase of inventory = 20
Units of 5/19 Purchase of inventory = 30
Total units available for sale = Units of 1/1 Beginning inventory + Units of 4/25 Purchase of inventory + Units of 5/19 Purchase of inventory = 50 + 20 + 30 = 100
Cost of 1/1 Beginning inventory = 50 * $15 = $750
Cost of 4/25 Purchase of inventory = 20 * $20 = $400
Cost of 5/19 Purchase of inventory = 30 * $25 = $750
Total cost of goods available for sale = Cost of 1/1 Beginning inventory + Cost of 4/25 Purchase of inventory + Cost of 5/19 Purchase of inventory = $750 + $400 + $750 = $1,900
Average cost per unit = Total cost of goods available for sale / Total units available for sale = $1,900 / 100 = $19
Therefore, we have:
Cost of ending inventory = Units of ending inventory * Average cost per unit = 40 * $19 = $760