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3 years ago

Why is the period from late 20s to early 40s the best time for becoming an entreprnur?

2 answers:

5 0

Late 20s to late 40s: This is almost the perfect time for would-be entrepreneurs, for many reasons: At this point in life, they know what they like, and what they don't like. They have obtained business and life skills. They have some assets and credit.

just olya [345]3 years ago

5 0

Bc for most they have things they like and don’t like and they know what they want to see and what they don’t

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Coffee shop owner: A large number of customers will pay at least the fair market value for a cup of coffee, even if there is no

JulsSmile [24]

Answer:

The answer is: D) The shop makes a substantial proﬁt from pastries and other food bought by the coffee drinkers.

Explanation:

Once I saw this strategy being used by a chain of coffee shops that operated in large superstores. It was really successful, not only because they had a lot of clients. Most of the clients wouldn´t just buy coffee, they also bought pastries and sandwiches. This strategy was so successful that the coffee shop decided to offer free coffee to everyone. Even though you could just ask for a free coffee (after waiting 20 minutes in line), no one just got free coffee. Everyone bought something else. You could hear the other customers saying that since the coffee was free they were going to buy something.

8 0

3 years ago

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Gre

VLD [36.1K]

Answer:

Greg's Bicycle Shop

Ending Inventory:

a. Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase 2 * $250 = 500

March 22 purchase 2 * $260 = 520

March 30 Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

Cost of goods sold = Cost of goods available for sale Minus Ending Inventory

= $11,940 - $3,490

= $8,450

b. FIFO:

March 22 Purchase 5 260 1,300

March 30 Purchase 8 280 2,240

Ending Inventory 13 $3,540

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $3,540

= $8,400

c. LIFO:

Ending Inventory:

March 1 Inventory 13 $230 $2,990

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $2,990

= $8,950

d) Weighted -Average Cost:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

Specific FIFO LIFO Weighted

Identification Average

Sales $13,900 $13,900 $13,900 $13,900.00

Cost of goods sold 8,450 8,400 8,950 $8,706.25

Gross profit $5,450 $5,500 $4,950 $5,193.75

Explanation:

Dat and Calculations:

Shop uses periodic inventory system

Date Transactions Units Unit Cost Total Cost Total

March 1 Beginning inventory 20 $230 $4,600 Sales

March 5 Sale ($360 each) 15 $360 $5,400

March 9 Purchase 10 250 2,500

March 17 Sale ($410 each) 8 $410 $3,280

March 22 Purchase 10 260 2,600

March 27 Sale ($435 each) 12 $435 $5,220

March 30 Purchase 8 280 2,240

Total Goods available for sale 48 35 $11,940 $13,900

Ending Inventory = 13 (48 - 35)

Weighted average cost = Cost of goods available for sale/Units of Goods available for sale

= $11,940/48 = $248.75

Specific Identification:

March 5 sale 15 consists of bikes from 15 beginning inventory Bal 5 - 4 = 1

March 17 sale 8 consists of bikes from the March 9 purchase Bal = 2

March 27 sale 12 consists of four bikes from beginning inventory and eight bikes from the March 22 purchase Bal = 2

Ending Inventory:

Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase 2 * $250 = 500

March 22 purchase 2 * $260 = 520

March 30 Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

FIFO:

March 22 Purchase 5 260 1,300

March 30 Purchase 8 280 2,240

Ending Inventory 13 $3,540

LIFO:

March 1 Beginning inventory 13 $230 $2,990

Weighted-Average Costs:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

7 0

3 years ago

Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. div

Alina [70]

Answer:

B) dividing the change in total cost by the change in output

Explanation:

Marginal cost(MC) is the cost incurred as a result of producing additional units of goods and services. It is calculated by dividing a change in total cost by a change in output.

That is,

Marginal cost(MC)= change in total cost(TC)/ change in output

Total cost(TC): This is the addition of fixed and variable cost in production.

Total cost(TC)= fixed cost (FC)+variable cost (VC)

Fixed cost (FC) are cost that doesn't change during the production process such as buildings, machineries and furniture.

Variable cost (VC) are cost that changes or are used up during production process such as raw materials.

4 0

4 years ago

Read 2 more answers

Limitations of fiscal policy as a stabilization tool

kap26 [50]

Answer:

The Correct Statement is "Discretionary fiscal policy is less effective than is implied by the early Keynesian view".

Explanation:

The growth within the government spending once the budget is in the recession is operative to extend and to the financial gain. However, not decline the rate of interest. The budget throughout recession is during a liquidity deception. The rate of interest is at lowest and also the LM curve is horizontal at small levels of financial gain.

The growth within the government spending ends up in a rightward move of the IS curve that will increase the financial gain. This is often as a result of that the rate of interest is at such a coffee level that the rise within the speculation by the govt. couldn't displace the non-public asset.

Conversely, the Keynesian or non-Keynesian approve that economic policy has its restriction to extend the financial gain throughout a recession.

The unrestricted economic policy has downside to extend the extent of financial gain because it could be a move of the supply of asset from non-public organization to public organization.

3 0

4 years ago

Read 2 more answers

Equity shareholders are called what

inna [77]

Equity shareholders are called the dividend

8 0

3 years ago

Why is the period from late 20s to early 40s the best time for becoming an entreprnur?​

Why is the period from late 20s to early 40s the best time for becoming an entreprnur?