Entrepreneurial strategies an entrepreneur should adopt when undertaking entrepreneurial business venture

Pollution control equipment for a pulverized coal cyclone furnace is expected to cost $190,000 two years from now and another $1

alexandr1967 [171]

Answer:

$212,882.75

Explanation:

Cost from 2 years now = $190,000

Cost from 9 years now = $120,000

Interest rate = 9% Quarterly

Present Worth = Cost from 2 years now*[1/(1+interest/m)^nm] * Cost from 2 years now*[1/(1+interest/m)^nm]

Present Worth = 190,000*[1/(1+0.09/4)^2*4] + 120,000*[1/(1+0.09/4)^9*4]

Present Worth = 190,000*[1/(1.0225)^8] + 120,000*[1/(1.0225)^36]

Present Worth = 190,000*[1/1.19483] + 120,000*[1/2.22782]

Present Worth = 190,000*0.83693915 + 120,000*0.4488693

Present Worth = 159018.4385 + 53864.316

Present Worth = 212882.7545

Present Worth = $212,882.75

Thus, the amount to invest to cover these cost is $212,882.75

5 0

2 years ago

Which of the styles on Blake and Mouton’s Leadership Grid has high concern for interpersonal relationships and low concern for t

hoa [83]

Answer:

Country Club

Explanation:

The Blake and Mouton's Leadership Grid has this Country Club which emphasise on the people more, that is about their well being.

This environment concludes that if employees are happy and in good positive attitude they will automatically work hard and achieve the results.

In this case the management is not much conscious about the results as they believe that results will be better, but generally it is observed that due to lack of any managerial control and directions the task is not achieved.

6 0

2 years ago

Caroline is an artist. She purchases canvas, paints, brushes, and accessories for $75. She sells orn of her original paintings t

liberstina [14]

Answer:

Value added to the gallery will be $3000

So option (C) will be correct answer

Explanation:

We have given that Caroline sells her original painting for $1500 to an art gallery.

And after that her painting was sold to an art lover at cost of $4500

We have to find the value added to the gallery

Value added to the gallery will be equal to difference of price sold to the art lover and cost at which painting is sold to art gallery

So value added to gallery = $4500 - $1500 = $3000

So option (C) will be correct answer

4 0

3 years ago

Dake Corporation's relevant range of activity is 3,200 units to 8,000 units. When it produces and sells 5,600 units, its average

Sladkaya [172]

Answer:

$22,780

Explanation:

The computation of the total amount of indirect manufacturing cost incurred is shown below:

= Variable manufacturing overhead + fixed manufacturing overhead

where,

Variable manufacturing overhead = Number of units produced × variable manufacturing overhead per unit

= 4,600 units × $1.30

= $5,980

Fixed manufacturing overhead = Number of units produced and sold × fixed manufacturing overhead per unit

= 5,600 units × $3

= $16,800

So, the total indirect manufacturing cost is

= $5,980 + $16,800

= $22,780

6 0

2 years ago

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this

telo118 [61]

Answer:

a) Proportion = 41.3%

b) Proportion = 9.18%

c) Proportion = 13.35%

d) Interest payment = $37.28

Explanation:

We have normal distribution with mean = 29 and standard deviation = 9

a) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 31) = $(\frac{X-29}{9}>\frac{31 -29}{9})$ = P (Z > 0.22) = 1 - P (Z ≤ 0.22) =

1 - 0.58706 = 0.41294 = 41.3%

The proportion of the bank's Visa cardholders pay more than 31 dollars in interest is 41.3%.

b) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 41) = $(\frac{X-29}{9}>\frac{41 -29}{9})$ = P (Z > 1.33) = 1 - P (Z ≤ 1.33) =

1 - 0.90824 = 0.09176 = 9.176% ≈ 9.18%

The proportion of the bank's Visa cardholders pay more than 31 dollars in interest is 9.18%.

c) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 19) = $(\frac{X-29}{9}>\frac{19 -29}{9})$ = P (Z < -1.11) = 1 - P(Z ≤ -1.11)) =0.13350 = 13.35%

The proportion of the bank's Visa cardholders that paid less than 19 dollars in interest is 13.35%.

d) Let's suppose this amount of payment is Y:

Therefore P(X > Y) = 0.18

so P(X < Y) = 0.82

Utilizing standard normal approximation

P(X ≤ Y) = $(\frac{X-29}{9}\leq \frac{Y -29}{9})$ = P (Z ≤ $\frac{Y-29}{9}$ ) = 0.82

Form the standard normal table we find that $\frac{Y-29}{9}$ = 0.92

Therefore,

Y - 29 = 9×0.92

Y - 29 = 8.28

Y = 8.28 + 29 = 37.28

Therefore $37.28 of interest payment is exceeded by only 18% of the bank's Visa cardholders.

3 0

3 years ago