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Free_Kalibri [48]
3 years ago
10

- Exam-style questions - Paper 1 1 Gowri plans to start up her own business using her own savings. She wants to produce fashion

clothes for women. She is a very good clothes designer but she does not like stitching clothes together. Two friends have offered to help Gowri. Abha is an experienced material cutter - she can cut lengths of material for clothes with very little wastage. Aditi is quick at sewing. a) What is meant by 'business'?[2 ] b) Identify two factors of production that Gowri will need for her new business 2] c) Identify and explain two possible opportunity costs that Gowri may have from her decision to start her own business. [4 d) Identify and explain one advantage and one disadvantage to Gowri's business of using division of labour in making clothes. [6] e) Do you think that Gowri's business will be able to sell all of the clothes that it makes ? Justify your answer .[6 ]m

Business
1 answer:
maxonik [38]3 years ago
6 0

Answer:

Sorry I am in class 7th sorry

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In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.Accounts receivable
leva [86]

Answer:

Total Current assets = $622,000

Explanation:

<u>Balance sheet (For the year ending)</u>

<u>Current asses                   Amount     </u>

Accounts receivable        $220,000

Cash                                  $83,000

Stock                                 $275,000

Finished goods $89,000  

Raw materials   $94,000

W.I.P                  $92,000

<u>Prepaid expenses            $44,000     </u>

<u>Total Current assets        $622,000  </u>

7 0
2 years ago
How might a recent college graduate's investment portfolio differ from someone who is nearing retirement
HACTEHA [7]
Someone who is retiring has more experience on what to invest in than someone who is still getting used to knowing what to invest in  
8 0
3 years ago
Read 2 more answers
Being debt free within the next 15 years is an example of which goal
marishachu [46]
I agree with the person above - being debt free within the next 15 years in an example of a long-term goal.
A short-term goal would involve hours, days, or even months. But here, we're talking about years, at least 15 of them, which is a long time during which many things can change. So it is definitely a long-term goal, given that it won't expire any time soon.
4 0
2 years ago
Read 2 more answers
Adong's Fishing Products is analyzing the performance of its cash management. On average, the firm holds inventory for 65 days,
tatuchka [14]

Answer:

A. $45

B. $80

C. $8,167

Explanation:

(a) Calculation to determine the firm's cash conversion cycle

Cash conversion cycle=$65 +$15 – $35

Cash conversion cycle=$45

Therefore the firm's cash conversion cycle is $45

(b) Calculation to determine the firm's operating cycle

Operating cycle =$65 +$15

Operating cycle=$80

Therefore the firm's operating cycle is $80

(c) Calculation to determine the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days

First step is to calculate the Daily expenditure

Daily expenditure =$1,960,000/360

Daily expenditure=$5,444.44

Now let determine the Annual savings

Annual savings =$5,444.44 *15*0.10

Annual savings=$8,167

Therefore the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days will be $8,167

5 0
2 years ago
Beta Company leased equipment from Summer Industries. The lease agreement qualifies as a finance lease and requires annual lease
Tamiku [17]

Answer:

Total increase in pretax earnings on Summer’s December 31, 2019, income statement is $20,253

Explanation:

Fair value of asset sold on lease = Present value of lease payments = $50,000 * Cumulative PV factor at 6% for 8 periods of annuity due

= $50,000 * 6.20979

= $310,490

Interest income for 2019 = ($310490 - $50,000) * 6% = $15,629

Total increase in pretax earnings on Summer’s December 31, 2019, income statement = $310490 - $300,000 + $15,629 - 5866 = $20,253

3 0
3 years ago
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