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trapecia [35]
3 years ago
13

HOW IMPORTANT IS INNOVATION TO ENTREPRENEURSHIP?

Business
1 answer:
faust18 [17]3 years ago
8 0

Answer:

   Successful innovation allows you to add value to your business so that you can increase your profits—if you don't innovate well, your business will plateau. Innovation helps you stay ahead of the competition. With globalization and a rapidly changing market, there are more competing businesses than ever before.

<h2><u>Hope This Helped!</u></h2>

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What’s the cost of consumer credit
Ksju [112]

The additional amount over the amount borrowed that the consumer must repay. This includes fees, interest, and other charges.

3 0
4 years ago
One of the four major time value of money terms; the amount to which an individual cash flow or series of cash payments or recei
maxonik [38]

Answer:

Future value

Explanation:

Future value is the value an assets as currently based on the assumed rate of its growth or increase.

Determining the future value of money or an investment helps one to make calculated decisions on what to get from the purchasing power of such money or how much the investment will be worth in the future.

Future value is calculated using

FVi=PV (1+I)n

Where

FVi is the value at the end of a particular period.

PV is price value.

I is the interest rate.

n is the number of compounding periods.

4 0
4 years ago
Read 2 more answers
Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufac
Dima020 [189]

Answer:

Manufacturing overhead volume variance= $1,200 unfavorable

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Fixed Predetermined manufacturing overhead rate= 1,200,000/240,000

Fixed Predetermined manufacturing overhead rate=  $5 per machine hour

<u>Now, to calculate the fixed manufacturing overhead volume variance, we need to use the following formula:</u>

<u></u>

Manufacturing overhead volume variance = Actual Factory Overhead - Budgeted Allowance Based on Standard Hours

Manufacturing overhead volume variance= (101,200) - (5*20,000)

Manufacturing overhead volume variance= $1,200 unfavorable

5 0
3 years ago
What is a balance sheet?
Setler [38]
It is a list of assets or it could detailing the balance of income of a business for a period of time. 
8 0
4 years ago
Read 2 more answers
Last year, the total revenue for Home Style, a national restaurant chain, increased 5.25% over the previous year. If this trend
soldi70 [24.7K]

Answer:

The monthly increase of revenue is 0.4273%

Explanation:

given annual interest rate=5.25%

There are 12 months in a year

Dividing yearly interest rate to monthly interest rate,the equation will be

(1+i_{a})=(1+i_{m})^{12}

As i_{a}=5.25%%

Sove above equation,we will get

Monthly increase in revenue=i_{a}=0.4273%

4 0
3 years ago
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