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2 years ago

Disadvantages of starting a business as an entrepreneur ?

1 answer:

4 0

Everyone might not be with you. People might be angry that if you go big you might take over there popularity. As an entrepreneur they needs lots of support and everyone might not be willing to give that support, entrepreneurs always going to have people against them. As an entrepreneur it’s takes lots of time so if you are willing to be one be PATIENT.!

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Riggs Company purchases sails and produces sailboats. It currently produces 1,300 sailboats per year, operating at normal capaci

mr_godi [17]

Answer:

The president of Riggs has missed something.

She should make the Sail instead of buying because its cheaper to manufacture than purchasing it outside.

Explanation:

<u>Cost of Manufacturing the Sails:</u>

Direct materials $93

Direct Labor $83

Total $173

The president of Riggs has included the $90 overhead based on $78,000 of annual fixed overhead that is allocated using normal capacity in the cost of manufacturing the sail which is incorrect.

Riggs Company is operating at 80 % of full capacity, hence utelizing the 20% excess capacity would not expand its fixed costs.

Thus said the current fixed cost are irrelevent for this decison and would be incurred whether or not Riggs Company utilizes the excess capacity

<u>Conclusion:</u>

The cost of making the sail is $173 which is lower than the cost of buying them at $ 258.

I would advise The president of Riggs to make the sail by utilizing the excess capacity since its cheaper than purchasing it outside.

5 0

3 years ago

Read 2 more answers

A produce distributor uses 783 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann

jeyben [28]

Answer:

Annual Savings will be ;

Ordering Cost = $2,993.88

Holding Cost = $661.78

Explanation:

First Calculate the Economic Order Quantity (EOQ)

EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit

= √ ((2 × 783× 12 × $31) / ($11 × 32%))

= 407

Note : Currently the firm orders at 783 crates per month

Savings in Ordering Cost will be :

Savings = Ordering Cost at Current Quantity - Ordering Cost at EOQ

= (Total Demand / Current Quantity × Ordering Costs) - (Total Demand / Current Quantity × Ordering Costs)

= (9396/783 × $31) - (9396/407 × $31)

= $2,993.88

Savings in Holding Cost will be :

Savings = (Current Quantity - Economic Order Quantity) / 2 × Holding Cost per unit

= (783 - 407) / 2 × ($11 × 32%)

= $661.78

4 0

3 years ago

Brooklyn has been contributing to a traditional IRA for seven years (all deductible contributions) and has a total of $30,000 in

Zolol [24]

Answer: $13,200

Explanation:

Given that,

Contributing to a traditional IRA = 7 years

Total in account = $30,000

Withdrawal from IRA to help pay for the car = $20,000

marginal tax bracket = 24 percent

Therefore,

After tax withdrawal:

= Withdraws - 10% penalty as per IRS for early withdrawal - 24% tax on $20,000

= $20,000 - 0.1 × 20,000 - 0.24 × 20,000

= $20,000 - 2,000 - 4,800

= $13,200

6 0

3 years ago

Read 2 more answers

A team of builders has surveyed buyers of their new homes for years. Consistently, only 48% of the buyers have indicated they we

Assoli18 [71]

Answer:

Explanation:

So, the hypothesis is:

H0 : p = .48 versus Ha : p≠ .48

check the picture attached for more explanation

3 0

2 years ago

If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,

GrogVix [38]

Answer:

D. Increased $45,00

Explanation:

Assume that the total assets of the business was $100,000 and the liabilities was $50,000 and the equity was also $50,000.These figures can be expressed in terms of the accounting equation as follows:

Total assets=Total liabilities+Total equity

100,000=50,000+50,000

Now consider that the above mentioned liabilities are increased by $75,000 as stated in question and above mentioned equity is decreased by $30,000 as stated in question, then the assets as per accounting equation can be determined as follows:

Total liabilities=50,000+75,000=$125,000

Total equity=50,000-30,000=$20,000

Assets=$125,000+$20,000=145,000

Total increase in assets=$145,000-$100,000=$45,000

So the answer is D. Increased $45,000

6 0

3 years ago

Disadvantages of starting a business as an entrepreneur ?​

Disadvantages of starting a business as an entrepreneur ?