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2 years ago

Discuss what a small business owner should consider when deciding upon the location for their business

Business

1 answer:

8_murik_8 [283]2 years ago

4 0

Answer:

depending on the place you can consider the number of people who go to it and on that side, the fame it would have for its service, and greater economic progress.

Explanation:

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You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is

bekas [8.4K]

Answer:

10%

Explanation:

Cost of kiosk last year = $750

Cost of kiosk this year = $825

Percentage increase = $825-$750 / $750 * 100

Percentage increase = $75 / $750 * 100

Percentage increase = 10%

So the percentage increase in the cost of rent is 10%.

6 0

3 years ago

Beamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations:

Dvinal [7]

Answer:

Absorption costing unit product cost $240

Explanation:

The computation of the absorption costing unit product cost is shown below/;

Direct materials $131

Direct labor $65

Variable manufacturing overhead $12

Fixed manufacturing overhead cost $32 ($118,400 ÷ 3,700)

Absorption costing unit product cost $240

3 0

2 years ago

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

Bezzdna [24]

Answer:

b) 100 cars per day.

Explanation:

With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.

So the total labor costs per day is $60 wage per worker X 4 workers = $240

The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.

So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.

If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).

So, profits would increase to $180 ($500 - $320) if the firm hired a fifth worker.

However, productivity should still be stable, so a worker who washed less than 20 cars per day should not be hired, this is why the A option is wrong.

8 0

3 years ago

Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $

drek231 [11]

Answer: a. $14,000

b. $14,106

c. January

2. $15,535

Explanation:

a. If Hank sends the bill in December.

Tax rate is 30% this year.

Amount is $20,000

After Tax Income = 20,000 * (1 - tax)

= 20,000 ( 1 - 30%)

= $14,000

b. If Hank pays Next year

Tax rate is 33%

After tax return rate of 12%

Amount is 20,000

Tax = 20,000 * 33%

= $6,600.

Because this is next year, the present value of the tax needs to be computed for better comparison.

With an after tax return of 12%, the PV will be,

= 6,600 * PV factor ( 12%, 1 period)

= 6,600 * 0.893

= $5,894

The income therefore will be,

= $20,000 - 5,894

= $14,106

c. Hank should pay in January as he would make more income.

2. Tax rate is 25% next year and income is to be received next year.

Tax = 20,000 * 25%

= $5,000

PV of $5,000 = 5,000 * PV Factor (12%, 1 period)

= 5,000 * 0.893

= $4,465

After tax income = 20,000 - 4,465

= $15,535

5 0

3 years ago

The Work in Process Inventory account of a manufacturing company has a $11,625 debit balance. The company applies overhead using

Monica [59]

Answer:

The multiple choices are given below:

217%.

148%.

68%.

147%.

46%.

The correct option is 217%

Explanation:

Overhead applied can be determined using the below formula total cost formula:

The total cost of work-in-process inventory=direct material cost+direct labor cost+overhead applied

total cost of work-in-process is $11,625

direct material cost is $3,700

direct labor cost is $2,500

overhead applied is the unknown

$11,625=$3,700+$2,500+overhed applied

$11,625=$6200+overhead applied

overhead applied=$11,625-$6,200=$5,425.00

predetermined overhead rate=overhead applied/labor cost=$5,425.00/$2,500.00=217%

6 0

3 years ago