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Rashid [163]
3 years ago
13

Use the formula Profit=Revenue-Expenses and think of a business. Write a paragraph about how you will make revenues for your bus

iness. What your expenses will be. Then figure out your Profit.
hurry pls
Business
1 answer:
AveGali [126]3 years ago
4 0

Answer:

Profit concept explanation, with example of a coaching institute.

Explanation:

The business considered is of a coaching institute.

Its revenue is the fee earned by students studying in the institute.

The cost is fixed cost of set up, variable cost on electricity, mantainence & other miscellaneous expenses.

Profit = Total Fee received from all the students - Total cost of fixed & variable factors.

Eg : Fee per student = 1000, 10 students. Fixed cost = 2000, Variable cost = 1000

Profit = 1000 (10) - 2000 - 1000

= 10000 - 3000 = 7000

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The SBA provides information for which group of people?
Viktor [21]

Answer:

people starting and operating small businesses

Explanation:

In business terms,  SBA stands for Small Business Administration.

This is a government agency that was formed in 1953 with the purpose of providing small scale entrepreneurs with various types of supports. Such as education about how to operate a business, small loans as their beginning capital, etc.

The government created this administration to encourage production of goods that stimulate the growth of the nation's Economy.

4 0
3 years ago
Suppose the country of Lilliput exported $205 billion worth of goods and imported $449 billion worth of goods in the last calend
mart [117]

Lilliput's net exports are ($244 billion).  Therefore, Lilliput is running a trade deficit of $244 billion.

A trade surplus implies that Lilliput's exports are greater in value than its imports. A situation of <em>"neither a trade deficit nor a trade surplus"</em> exists when the exports are equal in value to the country's imports.

Data and Calculations:

Lilliput's exports = $205 billion

Lilliput's imports = $449 billion

Net exports for Lilliput = ($244 billion)

Thus, Lilliput is running a trade deficit of $244 billion because its imports <em>are worth more than its </em><em>exports.</em>

Learn more: brainly.com/question/25520478

4 0
3 years ago
In July, 2013 the consulting firm Mercer released results from a survey where workers in the U.S. expected a 2.9% increase in pa
Sliva [168]

Answer:

A 2.9% pay increase in 2014 for U.S. workers will cause the AS (aggregate supply) curve to shift inward in the short-run, signaling a decline in the quantity supplied.

Explanation:

The supply quantity declines because a pay increase increases suppliers' cost of production and reduces their ability to produce more goods and services.  On the contrary, a fall in workers' pay causes the aggregate supply curve to shift outward, thereby increasing the quantity supplied.  In the long-run, the pay increase will increase aggregate demand, thereby pushing prices to increase, while, at the same, suppliers try to increase the quantity supplied to meet with increased prices and demand.

7 0
3 years ago
Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable compet
Lilit [14]

Answer: Option B

   

Explanation: An organisation can earn sustainable competitive advantage in the market only if they have some special assets or rights that they can use to attract the customer and maintain their base for a period of time.

Although, globalization has made the world a single market and every entity is now focusing on maximizing their consumer satisfaction by doing researches and setting benchmarks.

Hence as every second entity operating at a global level is doing the given activities therefore none of them can get competitive advantage.

8 0
3 years ago
Read 2 more answers
Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on Decemb
Finger [1]

Answer:

Explanation:

                                                                      AAA                   AEP

Beginning balance, 1/1/20                           200,000        110,000

Less: Distributions                                          (140,000)            (0)

Less: Loss (ordinary)                                  (120,000)            (0)

Ending Balance                                           (60,000)       110,000

Here AAA is adjusted first for the distributions and then for the loss. The negative balance must be restored to a positive before the shareholders may receive any distributions that will not be taxed as dividend income.

6 0
4 years ago
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