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Veseljchak [2.6K]
3 years ago
9

Using your economic knowledge and the information you learned about Oprah Winfrey compose a well-written three-paragraph biograp

hy about her that illustrates the importance of the US market-based economy in the entrepreneur’s success.
Business
1 answer:
Nezavi [6.7K]3 years ago
6 0

Answer:

Oprah Winfrey is living proof that the American dream is alive and well.

Explanation:

You might be interested in
They want to make a profit of $55,498 Unit Variable costs = $11 Unit selling price is = $37 Fixed costs = $18,470 How many units
belka [17]

Answer:

2,845 units

Explanation:

To find the answer you need to consider that the profit is equal to the sales minus the costs.

Let's consider that x is the number of units sold

Sales= Price per unit*number of units sold

Sales= 37x

Variable cost= Cost per unit*number of units sold

Variable cost= 11x

Fixed cost= 18,470

55,498=37x-11x-18,470

55,498+18,470=26x

73,968=26x

x=73,968/26= 2,845

According to this, the answer is that they need to sell 2,845 units to make the desired profit.

6 0
3 years ago
A firm utilizes a strategy of capital rationing, which is currently $375,000 and is considering the following two projects: Proj
irinina [24]

Answer:

The manager should pick project B

Explanation:

To determine what decision the manager should make, the NPV of both projects should be calculated.

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

NPV for project A

Cash flows:

Year 0 = $-335,000

year 1 = $140,000

year 2 = $150,000

year 3 = $100,000

I = 6%

NPV= $14,536.87

NPV for project B

Cash flows:

Year 0 = $-365,000

year 1 = $220,000

year 2 = $110,000

year 3 = $150,000

I = 6%

NPV= $66,389.67

Both projects are profitable but because the firm uses capital rationing , the manager has to pick the now profitbale project, which is project B.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

7 0
3 years ago
The concept which refers to the idea that individuals rise to their lowest level of incompetence is the?
Ne4ueva [31]

The Peter Principle is an observation in most organizational hierarchies such as: That of the company is that each employee works his way up the hierarchy through promotions until he reaches the appropriate level of incompetence.

1. Lack of legal capacity, especially to testify or bring to trial. Also called "impossible". It can be caused by various kinds of disqualification, incapacity or incompetence. A court may appoint a guardian for a person found to be unsound by a formal hearing.

The definition of incompetent is a person or something that is unqualified, inadequate, or inadequate for a particular purpose. An example of incompetence is someone who is behind the wheel of a manual transmission car and does not know how to operate a stick shift. Lack of qualities necessary for effective action or action.

Learn more about incompetence at

brainly.com/question/20877550

#SPJ4

7 0
2 years ago
Nvidia went through a major rethinking of its strategy after its initial market failures. based on the case just mentioned, what
DerKrebs [107]
<span>Generally, Nvidia would release their new and much better chip to the market in one third the time that the traditional industry did so. Through their research they discovered that customers would be more than willing to buy new and better graphic solutions far more often than they believed</span>
5 0
3 years ago
Food and shelter are examples of a need.<br><br> False<br> True
Ratling [72]

Answer:

its ture 100% you need food and shelter

3 0
3 years ago
Read 2 more answers
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