1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cupoosta [38]
2 years ago
15

Brendan and sean combined their love of baseball with a business venture. they purchased a small cart and began selling memorabi

lia outside of their hometown stadium. their first year went well, but the past two years have been quite a struggle. due to poor economic conditions and the team’s horrible record, ticket sales at the stadium are down, which has significantly hurt their sales as well. as a recent business graduate, you explain to brendan and sean thata) this type of business is always high risk because it is seasonal.
b) the business does not fill a sufficient need for most people.
c) environmental circumstances are dynamic and tough to control.
d) social entrepreneurs are currently getting most of the attention.
Business
1 answer:
EastWind [94]2 years ago
8 0

Answer:

The correct answer is C

Explanation:

Environmental Circumstance is the term which is defined as the any circumstances which is forming the grounds of any alleged violation or liability under the Law or Permit of Environmental.

Under this situation, both of them started a business, which performed well in its 1st year, but in the second year the business does not perform well due to the horrible record of team and poor economic conditions. Therefore, this condition will be explained as the environmental circumstances are tough to control as well as are dynamic in nature.

You might be interested in
Consider the following costs incurred in a recent period:Direct Materials $33,000Depreciation on Factory Equipment $12,000Factor
asambeis [7]

Answer:

$37,000

Explanation:

The following costs were incurred in a recent period

Direct Materials $33,000

Depreciation on Factory Equipment $12,000

Factory Janitor's Salary $23,000

Direct Labor $28,000

Utilities for Factory $9,000

Selling Expenses $16,000

Production Supervisor's Salary $34,000

Administrative Expenses $21,000

Therefore, the total amount of period cost can be calculated as follows

Total amount of period costs = Selling expenses + administrative expenses

= $16,000 + $21,000

= $37,000

Hence the total amount of period costs for the above period is $37,000

4 0
2 years ago
Read 2 more answers
Flounder Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $2,000, a
Anna35 [415]

Answer:

Through straight line method

In year 2020 =3100

In year 2021 = 3100

Through double declining method

In year 2020=6600

In year 2021= 5280

Through activity based

in year 2020=4544

in year 2021=3366

Explanation:

Through straight line method

Formula is (Cost-salvage)/Useful years

So,

Cost of good is $33000

Salvage amount is $2000

Number of useful years 10

Putting the values

(33000-2000)/10

3100

As, this is straight line method, depreciation for the next year (2021) would also remain same. 3100

Through double declining method

Formula is 2* depreciation rate

so, 2* 1/10

double declining rate is 1/5

So, 33000*1/5= 6600

6600 for 2020

Next year (2021),

Now we would subtract the amount of 6600 (already depreciated) from the 33000.

So, 33000-6600= 26400

Applying the rate, 26400*1/5 = 5280

So, next year 5280

Through activity based

we depreciate the truck according to its usage

So, in first year it was used 13800 miles. Maximum it can be used for 100,000 miles

First year 13800/100000= 13.8% used

we depreciate then 33000*13.8%= 4554

So, in 2020 4554

Next year (2021)

It was driven 10200 which is 10200/100000= 10.2%*33000

So, 0.102*33000= 3366

In 2021, depreciation of machine according to the activity based system was 3366

4 0
2 years ago
A company used straight-line depreciation for an item of equipment that cost $15,350, had a salvage value of $3,200 and a six-ye
Thepotemich [5.8K]

Answer:

The correct answer is $2,580.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($15,350 - $3,200) / 6 years = $2,025 yearly depreciation expense.

Accumulated depreciation at Year 3 = $2,025 x 3 = $6,075

Net book value (NBV) becomes $15,350 - $6,075 = $9,275

New depreciation is ($9,275 - $1,535) / 3 years = $2,580 yearly depreciation expenses

7 0
3 years ago
Review and complete the following statement regarding the Income Summary account.
torisob [31]

Answer:

Revenues are Credited, Expenses are Debited and the difference of Revenue and Expenses is credited in the Retained Earnings.

Explanation:

The revenue and retained earnings account are credit in nature and expenses are debit in nature.

This can be Explained from the following equation:

Closing Equity = Opening Equity + (Revenue - Expenses)

Closing Equity - Opening Equity = (Revenue - Expenses)

Earnings Retained by the Company = (Revenue - Expenses)

So the difference of the revenues and expenses goes to retained earnings. If the answer of the difference is positive then the retained earnings are credited otherwise it is credited. So as I said that revenues are credit in nature so if their is profit (credit is in access of debit or in other words revenues are in excess of expenses) then the retained earnings will be credited and if their is a loss then the retained earnings account will be debited.

8 0
2 years ago
What is market saturation?
Leona [35]
In economics, market saturation is a situation in which a product has become diffused (distributed) within a market;the actual level of saturation can depend on consumer purchasing power; as well as competition, prices, and technology.
3 0
3 years ago
Other questions:
  • When an externality is present, the market equilibrium is a. efficient, and the equilibrium maximizes the total benefit to socie
    10·1 answer
  • Sometimes when an organization first starts horizontal coordination efforts to promote innovation, is needed to help employees c
    5·1 answer
  • JK Company can sell all of the plush and supreme products it can produce, but it has limited production capacity. It can produce
    6·2 answers
  • _____ occurs when the amount of of capital per worker increases
    14·2 answers
  • Social Learning Theory holds that: A. Employees learn what not to do by observing their leaders' behavior and its consequences B
    10·1 answer
  • "the fed funds rate is the" __________. interest rate the fed charges commercial banks on short-term loans interest rate that th
    5·1 answer
  • Beach Front Industries has sales of $589000, costs of $280000, depreciation expense of $37000, interest expense of $17000, and a
    13·1 answer
  • People with a bachelor's degree or higher have unemployment rates that are about half the unemployment rate of people with just
    9·1 answer
  • Rayna provides a significant amount of information to others across a wide array of products, including durables and nondurables
    15·1 answer
  • The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and a fair value of $2,800 on December 31, which is
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!