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Bezzdna [24]
3 years ago
10

While on a trip to South Africa, Elena was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbr

ellas that local artisans were weaving. Upon returning to the U.S., she was confident that U.S. consumers would be as intrigued by these accessories as she was. Elena decided to explore the possibility of starting an import business to bring these products to the U.S. Which of the following statements seems to be good advice for Elena?A. Learn from others who import goods from abroad, and particularly from Africa.B. Make certain that you have twice the cash necessary to make your first purchases.C. Before performing a feasibility study, form your legal business status.D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.
Business
2 answers:
Anit [1.1K]3 years ago
8 0

Answer:

D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.

Explanation:

Also she should hear from others who import and export goods from Africa and US and vice-versa.

VLD [36.1K]3 years ago
7 0

Answer:

Learn from others who import goods from Abroad and particularly from Africa ( A )

Explanation:

The best way to explore business opportunities is to conduct a market survey and this survey includes learning what the consumers want and as well as learning form the already existing suppliers of the products. learning from the suppliers will help inform you on the steps to take to be successful in the business and also know how profitable the business venture would be in the short and long run.

Elena wanting to go into importation of goods from Africa will need to learn from others who are already importing from Abroad especially from Africa were her target market for the supply of her product is located that way she will get a proper insight of what the business of importation is all about

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Answer:

a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1

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Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days

 

c. Average Stockholder's equity =   (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525

Return on stockholder's equity =  Net income / Average stockholder's equity = $112 / $525 = 21.33%  

d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share

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e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share

Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%

Workings

Beginning retained earnings $346

Add: Net income                            $112

Less: Ending retained earnings   -<u>$366</u>

Dividends                                        <u>$92</u>

5 0
3 years ago
Marcus is a self-employed marketing consultant. He is good at helping his clients with their marketing challenges; however, he i
Xelga [282]

Answer:

outsource the accounting function to another firm

Explanation:

Based on this information regarding Marcus' situation, the best advice would be for him to outsource the accounting function to another firm. This is something that many individuals/companies do and will allow Marcus to focus all of his time and energy on what he is best at (which is helping his clients with their marketing challenges.) while at the same time making sure that the accounting tasks such as billing the clients are done quickly and correctly.

8 0
3 years ago
In order to determine net cash provided by operating activities, a company must convert net income from an accrual basis to a ca
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Both the direct method and the indirect method. Cash from operating activities usually introduces to the net cash arrival reported in the first section of the explanation of cash flows. Cash flow from operating activities also includes changes in working capital, such as increases or decreases in inventory, short-term debt, accounts receivable and accounts payable.
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3 years ago
Padco averages $15 million worth of inventory in all of its worldwide locations. They operate 51 weeks a year and each week aver
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Answer:

Option (d) is correct.

Explanation:

Given that,

Average inventory in all of its worldwide locations = $15 million

Operate in a year = 51 weeks

Weekly cost of goods sold = $3 million

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= Weekly cost of goods sold × Number of weeks in a year

= $3 million × 51 weeks

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4 0
3 years ago
MC Qu. 84 Two investment centers... Two investment centers at Marshman Corporation have the following current-year income and as
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Answer:

The correct answer is 11.28%

Explanation:

Solution

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The ROI A=Investment center income/Average invested assets  which is

= (530000/4,700,000)

=11.28%

8 0
3 years ago
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