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3 years ago

State any five reasons why an entrepreneur may carryout Market survey.

2 answers:

8 0

Answer: Whether you are thinking of venturing into a new market or launching a new product, conducting a marketing assessment is the crucial first step in determining if there is a need or a potential customer base for your product. Why is market research important for new business ideas? Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors. Determine key market factors: Cost, Consumer Demographics, Challenges, Opportunities. ... These factors will help you determine how you will need to market to consumers, face your competition, and develop your overall business plan.

Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!! :D

Explanation:

swat323 years ago

6 0

Answer:

to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore

Explanation:

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A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income f

lbvjy [14]

Answer:

Net income for the current period is $2,350.

Explanation:

Calculation of Net Income for the Current Period.

$ $

Fees earned 7,250

Less Expenses :

Rent expense 1,300

Salaries expense 2,300

Utilities expense 345

Insurance expense 650

Supplies expense 115

Depreciation expense—equipment 190 (4,900)

Net Income / (Loss) 2,350

3 0

3 years ago

On January 1, 2020, Beyonce Co. purchased 25,000 shares (a 10% interest) in Elton John Corp. for $1,400,000. At the time, the bo

Drupady [299]

Answer: $‭4,688,250‬

Explanation:

Carrying value on Jan 1, 2021:

= Interest + share of net income Dec 31,2020

= 1,400,000 + (10% * 700,000)

= $1,470,000

Carrying value, June 2021:

= Carrying value + share of net income

= 1,470,000 + (10% * 500,000)

= $1,520,000

Carrying value, July 2021:

= Carrying value + Net stake purchased

= 1,520,000 + 3,040,000

= $4.560,000

Carrying value, December 2021

= Carrying value + share of net income - share of dividends

= 4,560,000 + (30% * 815,000) - (1.55 * (25,000 + 50,000 shares))

= $‭4,688,250‬

8 0

3 years ago

Douglas can afford 240$ a month for five years for a car loan. If the APR is 8.5%, how much can he afford to borrow to purchase

SVETLANKA909090 [29]

Answer:

Douglas can afford 21697.88 to borrow to purchase a car.

Explanation:

As the formula for calculating present value is given as:

PV = PMT * ( (1-(1+r)^-n) / r )

As Douglas can afford 240$ a month for five years for a car loan so

it means that payment = 240 $

As the APR is 8.5% which means after dividing by 12 the rate per month = 8.5%/12

Total number of Months = 5*12

Total number of Months = 60

Putting these values into the above formula, we get

PV = PMT * ( (1-(1+r)^-n) / r )

PV = 240 * ( (1-(1+8.5%/12)^-60) / (8.5%/12) )

PV = 11697.88

As the down payment = 10,000 so the total value of car

= 11697.88+10000

= 21697.88

Douglas can afford 21697.88 to borrow to purchase a car.

8 0

3 years ago

• what are the four characteristics of capital acquisition and repayment cycle that significantly influence the audit?

gavmur [86]

There are four chararacteristics, which are:

1. Relatively few transactions affect the account balances, but each transaction is often highly material

2. The exclusion or misstatement of a single transaction can be material

3. A legal relationship exists between the client entity and the holder of the stock, bond, or similar ownership document

4. A direct relationship exists between the interest and dividends accounts and debt and equity

3 0

3 years ago

Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The

Dafna1 [17]

Answer:

Roanoke Company

The standard direct materials cost per bar of chocolate is:

= $0.33.

Explanation:

a) Data and Calculations:

A batch of chocolate = 1,827 bars

Standard Costs for a batch:

Ingredient Quantity Price

Cocoa 600 lbs. $0.40 per lb.

Sugar 180 lbs. $0.60 per lb.

Milk 150 gal. $1.70 per gal.

Ingredient Quantity Price Total Cost

Cocoa 600 lbs. $0.40 per lb. $240.00 (600 * $0.40)

Sugar 180 lbs. $0.60 per lb. 108.00 (180 * $0.60)

Milk 150 gal. $1.70 per gal. 255.00 (150 * $1.70)

Total cost of batch of chocolate = $603.00

Cost per bar = $0.33 ($603.00/1,827)

5 0

3 years ago

State any five reasons why an entrepreneur may carryout Market survey.​

State any five reasons why an entrepreneur may carryout Market survey.