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
Alinara [238K]
3 years ago
14

How does the service enterprise contribute to the economic growth of the country?

Business
1 answer:
Juli2301 [7.4K]3 years ago
8 0

Answer:

Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

<h2> <em><u>I </u></em><em><u>think </u></em><em><u>this </u></em><em><u>answer </u></em><em><u>is </u></em><em><u>helpful </u></em><em><u>for </u></em><em><u>you</u></em><em><u> </u></em><em><u>,</u></em><em><u>i</u></em><em><u>f</u></em><em><u> </u></em><em><u>it </u></em><em><u>is </u></em><em><u>mark </u></em><em><u>me </u></em><em><u>as </u></em><em><u>brainliest</u></em></h2>
You might be interested in
Your campus computer store reported Sales Revenue of $175,000. The company's gross profit percentage was 65 percent. What amount
vaieri [72.5K]

Answer:

The company reported $61,250 amount of Cost of Goods Sold

Explanation:

As gross profit percentage is the net percentage of sales revenue and cost of goods sold. We can find the cost of goods sold percentage as follow

Gross profit = Sales - Cost of Goods Sold

Placing the percentage

65% = 100 % - Cost of Goods sold

Cost of Goods sold = 100% - 65%

Cost of Goods sold = 35%

Now calculate the value of cost of goods sold using following formula

Cost of goods sold percentage = Cost of good sold / Sales Revenue

35% = Cost of Goods sold / $175,000

Cost of Goods sold = $175,000 x 35%

Cost of Goods sold = $61,250

6 0
3 years ago
Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls th
aivan3 [116]

<em>My </em><em>advice</em><em> to the owners of ABC Company </em>concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a <em>compulsory annual </em><em>leave policy</em>. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these <em>pieces of </em><em>advice</em>, they would improve internal controls without offending the hardworking former office manager.

Learn more: brainly.com/question/17056417

7 0
3 years ago
What is the role of business in a global economy?
posledela

Answer:

In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods and services that people can buy with the money they make. Without business, the economy would be very inefficient and/or very primitive.

Explanation:

5 0
3 years ago
7) You put 20% down on a home with a purchase price of $250,000. The down payment is thus $50,000, leaving a balance owed of $20
Alexxandr [17]

Answer:

=$11,439.96(Approx)

Explanation:

Consider the following calculations

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

200,000=Annuity[1-(1.0391)^-30]/0.0391

200,000=Annuity*17.48257135

Annuity=200,000/17.48257135

=$11,439.96(Approx)

4 0
4 years ago
A company had beginning inventory of 11 units at a cost of $17 each on March 1. On March 2, it purchased 11 units at $28 each. O
aliina [53]

Answer:

$583

Explanation:

Under the FIFO method, we considered the first unit first comes out

The computation of the cost of units sold for 26 units is shown below:

The 26 units are taken from

11 units at $17 each, 11 units at $28 each and the remaining 4 units i.e 26 units - 22 units taken at $22 each

So,

= 11 units × $17 + 11 units × $28 + 4 units × $22

= $187 + $308 + $88

= $583

7 0
3 years ago
Other questions:
  • What is the name of the smallest amount that can legally be paid to most workers for an hour of work?
    13·1 answer
  • Chen Corporation, a new company, adds material at the beginning of its production process; conversion
    12·1 answer
  • An informal work group is:a. a collection of individuals who interact with each other such that oneperson’s actions have an impa
    12·1 answer
  • Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it.
    14·1 answer
  • A manufacturing company uses 1000 non-returnable special pins a month, which it purchases at a cost of $2 each. The manager has
    15·1 answer
  • When making a major purchase, people should
    5·2 answers
  • Under what conditions does a​ Cobb-Douglas production​ function,
    7·1 answer
  • If everyone using the same equipment performs poorly, the tendency is to attribute any one person’s poor performance to ________
    15·1 answer
  • correct,P5-23 (similar to) Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an​ a
    11·1 answer
  • Explain the theory of absolute advantage
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!