Entrepreneurial strategies an entrepreneur should adopt when undertaking entrepreneurial business venture

Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $

Anna [14]

Answer:

A) 32,090 cookies

B) $ 0.5665336

C) 32.938%

Questions:

A) If Erin sells her cookies for $1.72 each, how many cookies did she sell during the month?

B) Contribution margin per cookie

C) Contribution margin ratio

Explanation:

A) sales revenue / sale price per unit

55,194 / 1.72 = 32.089,53

B) and C)

variable cost:

manufacturing 28,232

selling 8,908 x 20% = 1.781,6‬

administrative 11,516 x 60% = 6.909,6‬

Total variable cost: 37.014,2‬

Contribution Margin: 55,194 - 37,014.2 = 18.179,8‬

Contribution Margin Ratio 18,179.8 / 55,194 = 0,329380 = 32.938%

Contribution Margin per cookie:

$1.72 x 32.938% = 0,5665336

5 0

3 years ago

The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance

Hitman42 [59]

$504000 is the actual return

Explanation:

particulars calculation Amount

Service cost 700000

Interest cost $600000 * 8 \%$ 480000

Less: Expected return $10 \% * 5760000$ 576000

Prior service cost 48000

Net loss 30000

Pension expense 682000

Therefore, the pension expense is $682000

The computation is as follows for the calculation of return (in $000’s)

Plan assets

Beginning = $5760

Actual return = ?

Cash contributions = 696

Less: Retireee benefits = (624)

Ending balance = $6336

Thus after solving this, we get the actual return that is equal to = $504,000

5 0

3 years ago

In order to stay calm in emergency situations, dispatchers and EMT's set aside their emotions during a crisis. After the crisis

crimeas [40]

Answer:

Cognitive reappraisal

Explanation:

In simple words, The term "cognitive reappraisal" relates to a flexible regulation technique that uses cognitive control and executive functioning to reinterpret inputs or events in the surrounding in order to alter their interpretation as well as psychological connotation.

Thus, from the above we can conclude that the correct answer is cognitive reappraisal.

7 0

2 years ago

An excise tax of $2 is placed on a jar of Honey. Honey producers end up bearing only $0.40 of the tax. The demand curve for hone

saw5 [17]

Answer:

The correct answer is option c.

Explanation:

If the demand for a product is elastic the tax burden will be borne by the producer. This is because elastic demand means that an increase in the price will lead to a more than proportionate reduction in the quantity demanded. So with the imposition of a tax, the sellers will not increase the price as it is likely to reduce demand.

If the demand is inelastic, it means that an increase in price will lead to less than a proportionate decrease in the demand. In this situation, after the imposition of tax, the tax burden can be shared between producer and buyer.

3 0

3 years ago

Please answer the following:

Anarel [89]

Answer:

Depreciation expense Office equipment = 1,200.00

Depreciation expense Computer equipment = 5,000.00

Explanation:

The difference between accumulated depreciation represents the depreciation charge that was made during the first quarter of the 2018 accounting year.

Then depreciation charges for the first quarter are calculated as follows:

Depreciation expense Office equipment = 800 – 400 = 400

Depreciation expense Computer equipment = 2,500 – 1,250 = 1,250

Since there are 4 quarters in an accounting year, the depreciation charge in 2018 is calculated as follows:

Depreciation expense Office equipment = 400 * 4 = 1,200

Depreciation expense Computer equipment = 1,250 * 4 = 5,000

6 0

3 years ago