The type of Grace's business is a sole proprietorship.
What is sole proprietorship?A sole proprietorship is known to be the most easiest and most common type of business to start.
It is known to be a form of unincorporated business that is often owned and run by one person with no distinction between the business and the person, which is the owner.
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After the manager and employee work together to set the employee’s objectives, what is the next step of mbo?.
The next step after setting objectives is to assign or cascade those objectives to the team members or employees.
What are the other steps in the MBO process?After assigning the objectives to the employees (usually through a line manager), the next steps are to:
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How do earn money? I want to have 70,000 by the end of the year so I can buy my mom something nice, and buy some things I need for school
Answer:
You could try dropshipping or manufacturing a product of some sort.
Explanation:
However, these things don't always go well.
Jessica wants to set up a manufacturing unit, so she meets with Rachel, a human resource manager at her company. Rachel explains that in order to decide on the human resource needs for the unit, they should conduct a work flow analysis. She suggests they start by defining the outputs of the process. To do this, what should Jessica define?
In other to be able to conduct a work flow analysis and defines the outputs of the process, she needs to defines the type of products that will need to be manufactured.
What is used to define the products?In a firm, the product mission is a statement that contains a clear and concise idea of its product's purpose.
In conclusion, she needs to defines the type of products that will need to be manufactured.
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Your company is setting itself up to distribute software made by another company. What type of document should your company procure from the developing company
The master license agreement is type of document that the company should procure from the developing company.
What is a master license agreement?A master license agreement is an agreement between a property owner and other party which grants a permission to them for use of such property.
In conclusion, the master license agreement is type of document that the company should procure from the developing company.
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Could someone help me with my homework?
Question: What is management in business?
Thank you!!
Answer:
Management, as named, is the job of managing a corporation, organization, or business of any kind. Someone in the management position might have jobs such as staffing, planning, organizing, and being a leader among their employees. There is a lot of work put into it; the managers main job is to oversee work and make sure things are running smooth.
Please paraphrase if you are using this answer for an assignment :]
If Daniel's cupcake shop had a
total cost of $12,000 and sold
2,000 cupcakes, what was his
average cost per cupcake?
Answer:
the answer is 6
Explanation:
12000/2000
A historian might argue that the trade described in the passage reflected a turning point in world history primarily because the opium trade:.
The trade reflected a turning point because the opium trade shifted the pattern of historic European trade imbalances with China.
What is trade?Trade simply means the transfer of goods from one entity to another. It's the action of buying and selling.
In this case, a historian might argue that the trade described in the passage reflected a turning point in world history primarily because the opium trade because the opium trade shifted the pattern of historic European trade imbalances with China.
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Enumerate atleast 5 Food Processing tools and their uses
Precision controls.
Pressure gauges.
Scales and weighing systems.
Thermometers.
Timers.
Explanation:
Categorize each of the following characteristics as being either more representative of a traditional organization or a lean organization.
a. Manufacturing plants tend to be organized with self-contained production cells.
b. Maintain greater quantities of raw materials, work in process, and finished goods inventories.
c. Setup times are longer.
d. High quality is stressed in every aspect of production.
e. Produce in smaller batches.
f. Emphasis is placed on shortening manufacturing cycle times.
The above characteristics have been classified as belonging to the traditional or lean organizations as follows:
Traditional - B. Maintain greater quantities of raw materials, work in process, and finished goods inventories.Traditional - C. Setup times are longer.Traditional - A. Manufacturing plants tend to be organized with self-contained production cells.Lean - E. Produce in smaller batches.Lean - F. Emphasis is placed on shortening manufacturing cycle times.Lean - D. High quality is stressed in every aspect of production.Meaning of Lean and Traditional OrganizationsA traditional organization is a business structure that has many workers and departments. They take time to set up and have a large inventory.
Lean businesses, on the other hand, produce in small batches and place emphasis on quality.
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___________________ are enacted when discontented sellers, feeling that prices are too low, appeal to legislators to keep prices from falling.
Which report is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance?.
The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance is called : Adjusted trial balance
What is an adjusted trial balance?Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.
An adjusted trial balance include:
Adjustment for prepaid and accrued expenses.DepreciationTherefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.
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You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your monthly costs to be rent of $800, car payment of $350, car insurance $150, car maintenance of $50, entertainment of $500, food expense of $250, mobile phone of $75, student loan payment of $225, and other expense of $300. How would you describe your budget after analyzing all of your income and expenses
Based on your pay and expenses, your budget can be described as having a deficit of $175.
Why is your budget a deficit?Deficits occur when expenses are greater than income. The deficit here can be found as :
= Income - Rent - Car payment - Car insurance - Car maintenance - Entertainment - Food - Mobile phone - student loan payment - Other expense
Solving gives:
= 2,500 - 800 - 350 - 150 - 50 - 500 - 250 - 225 - 300
= -$175
In conclusion, the budget has a deficit of $175.
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Sharon is the chief marketing officer for a well-known bank. After looking at the
company's sales data, she recognizes that most of the accounts were held by clients
who lived in the neighboring city. She decides she will boost advertisements in the
neighboring city to increase their number of bank accounts. What did Sharon
determine by looking at her company's sales data?
- Revenue
- Target market
- Pricing
- Value proposition
Based on the sales data that Sharon saw, she was able to determine the company's target market.
What is a target market?This refers to the market segment that mostly uses or patronizes the goods and services offered by a company.
In this case, Sharon noticed that their company is usually patronized by clients in the neighboring city. This is therefore their target market as they are the majority market segment using the company's services.
In conclusion, option B is correct.
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A farmer has developed a new type of fertilizer. This new fertilizer costs 20
percent more to produce than the old fertilizer but has better results: The
same land now produces 25 percent more crops each year.
Which statement best describes one way the farm will be affected by using
this new fertilizer?
A. The farm's opportunity cost for using fertilizer will increase.
B. The farm's opportunity cost for using fertilizer will decrease.
C. The farm's marginal cost for fertilizer will increase.
D. The farm's marginal cost for fertilizer will decrease.
Answer: A
Explanation:
Answer:
The farm's marginal cost for fertilizer will increase.
Explanation:
Gargantua Equipment Corporation registers its trademark as provided by federal law. This registration gives notice that the mark belongs exclusively to Gargantua. This notice is
The company registers its trademark as provided by federal law, thus the notice is national.
What is trademark?A trademark simply means a type of intellectual property that consists of a recognizable sign, or design that identifies products from a particular source.
Since Gargantua Equipment Corporation registers its trademark as provided by federal law and this registration gives notice that the mark belongs exclusively to Gargantua. This notice is national.
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If you produce goods manufactured from sheet metal, what subcontractor supplies your raw materials?
-a primary metal manufacturing subcontractor
-a car manufacturer
-a tool-and-die subcontractor
-a mining company
Answer:
I think it is a tool-and-die subcontractor
Explanation:
A tool and die maker is someone who sets up and operates a variety of computer-controlled or mechanically-controlled machine tools to produce precision metal parts, instruments, and tools. I think that fits the bill for sheet metal. Mining company supplies ores. Car manufacturer is a throw away. Primary focuses on smelting an refining the ores they got from the mining company
Answer: C
An e-commerce manufacturer wants to invest $85000 in making the factory mold for a new product. Each unit will cost $2.10 to make, plus an additional $0.15 in packaging. This good will sell for $30 each but the manufacturer will incur the $5/unit shipping cost.
1. What is the fixed cost?
2. What is the variable cost?
3. What is the contribution margin?
4. What is the break-even point?
5. How many units must be sold to earn $75000 in profit?
The fixed cost is $85,000.
The variable cost per unit is $7.25.
The contribution margin is $22.75.
The break-even point is 3,736.26.
The units to be sold to have a profit of $75,000 is 7033
What are the cost functions?A fixed cost is a cost that does not change with the level of output of the good produced. Variable cost is the cost that changes with the level of output. Contribution margin is selling price per unit les variable cost per unit. Breakeven point is the point where total selling price is equal to total cost price.
Variable cost = $2.10 + $0.15 + $5 = $7.25
Contribution margin = selling price - variable cost
$30 - $7.25 = $22.75
Break-even point = $85000 / $22.75 = 3736.26
Profit = selling price - cost price
$75,000 = (30y) - ($85,000 + 7.25y)
Where y is the number of units
$75,000 = 22.75y - 85,000
$160,000 = 22.75y
y = 7033
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The all-benefits approach to CVP involves ______. identifying and promoting all the advantages of the product closely following the competition emphasizing how the product is different from the competition focusing on what the customer likes about the product
Cost-volume-profit (CVP) analysis looks at the impact that varying levels of sales and product costs have on operating profit. Hence the benefit is:
focusing on what the customer likes about the productUses of CVPIt is used to determine whether there is an economic justification for a product to be manufactured. A target profit margin is added to the break-even sales volume, which is the number of units that need to be sold in order to cover the costs required to make the product, to arrive at the target sales volume needed to generate the desired profit.Therefore, the correct answer is as given above.
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On April 1, a company paid the $2,700 premium on a three-year insurance policy with benefits beginning on that date. What amount of insurance expense will be reported on the annual income statement for the first year ended December 31? $2,025.00. $75.00. $2,700.00. $900.00. $675.00.
The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
Insurance expense
Using this formula
Insurance expense=Insurance premium×Number of months/ Three years
Where:
Insurance premium=$2,700
Number of months= April to December=9 months
Three years=36 months
Let plug in the formula
Insurance expense=$2,700×9/36
Insurance expense=$675
Inconclusion The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
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Edna is the payee of a bearer instrument-a promissory note in the amount of $10,000. Flem offers to irrigate Edna's ranch next week in exchange for the note. She agrees and delivers the note to Flem. Flem is
A. not an HDC, because he did not yet give value for the instrument.
B. an HDC, because he promised to perform services at a future date.
C. not an HDC, because he did not acquire the instrument in good faith.
D. an HDC, because the transferor was the original payee on the note.
Based on the agreement between Edna and Flem for the latter to irrigate the ranch of the former, Flem is A. not an HDC, because he did not yet give value for the instrument.
Why is Flem not an HDC?Flem cannot be considered a Holder in Due Course because Flem has not yet irrigated the ranch.
This means that they have not yet fulfilled their side of the bargain and so cannot fully lay claim to the promissory note, and receive the debt payments therein.
In conclusion, option A is correct.
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A financial instrument whose value is derived from the value of an underlying asset is called a.
Answer:
This is called A derivative
PLEASE HELPPPP
Strawberry sells bicycles. One bicycle sells for $85, and the cost to produce a bicycle is $65. What is Strawberry's return on investment (ROI)?
ROI = (Total Return – Amount Invested)/Amount Invested
= Net Profit/Amount Invested
Remember to multiply the result by 100 to convert to percentage
Hint: Your answer will have one decimal point and make sure to type the % symbol!
Example: 15.3%
Based on the amount the bicycle was sold for and the cost to produce, the return on investment was 23.5%.
What was the return on investment?This can be found by the formula:
= (Total Return – Amount Invested)/Amount Invested x 100%
Solving gives:
= (85 - 65) / 85 x 100%
= 20 / 85 x 100%
= 23.5%
In conclusion, this is 23.5%.
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Answer:
30.8%
Explanation: i took the test, see screenshot below
The state of Texas recently saw a gasoline price increase of 5%, which brought about a fall in the quantity of gasoline purchased of 1%. The price elasticity of demand is equal to _____, and demand is described as _____.
The price elasticity of demand is equal to 0.2, and demand is described as inelastic.
What is the price elasticity of demand?
Price elasticity of demand measures how quantity demanded changes when there is a change in the price of a good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic when the price elasticity of demand is less than one.
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The definition of ______ ______ states: the process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.
Strategic Planning refers to the process of setting the key goals of the organization as well as it's policies and strategies that will be used for getting and utilizing resources for attaining the set goals.
What makes a good Strategic Plan?A great strategic plan must comprise of Operational plans that have three levels of functions:
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True or false: A company that achieves differentiation parity at a lower cost has implemented a successful cost-leadership strategy.
If a company can achieve differentiation parity at a lower cost then it would have implemented a cost leadership strategy. This is therefore true.
What is a cost leadership strategy?This refers to when a company aims to incur lower costs to produce goods than its competitors.
If differentiation parity is achieved, it means that the company was able to produce unique goods which are equal to those of the competition at a lower cost. This is cost leadership.
In conclusion, this is true.
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Who owns mutual savings institutions? the stockbrokers who buy and sell shares the individuals who deposit money in the institution the US government the FDIC
Mutual savings banks are owned by their depositorrs and run by and a self-perpetuating board of directors similary to federal savings and loan associations.
A bank account object can have a specific attribute called a(n) _____ that can be active, inactive, closed, or frozen.
Every account assumes certain condition or attribute which it could be described. A bank account has the attribute of state which can be used to describe it.
Account StateThe state of an account can be active, inactive, closed or frozen depending on the level and kind of activities associated with the account. An active account is operational, inactive account is not functional. A closed account means thay an account has been stopped. A frozen account is seized by the authorities such as the bank or government.
Therefore, the correct answer is state.
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he _____ includes activities such as order transmission, order receipt, order processing, order preparation (picking and packing), and order shipment.
The order-to-cash process is made up of activities such as order transmission, order receipt, order processing, order preparation, etc.
What is order to cash?Order to cash which is known as OTC or O2C is described as a method that includes a set of business processes that entails the receiving and fulfilling customer requests for a specific goods or services.
The order-to-cash process is made up of all steps from when a customer is said to place to the time the order is paid.
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If you were a self-employed freelance writer, what type of retirement account
might you set up?
A. An individual retirement account
B. A 401(k) plan
C. A pension plan
D. A 403(b) plan
SUBMIT
Answer:An individual retirement account
Explanation:
Answer:
A. is your answer
Explanation:
Many economists believe that the trend toward greater wage inequality across the u. S. Economy was primarily caused by _____________.
The inequality across the u. S. Economy on greater wage inequality was primarily caused by the new technologies.
What is wage inequality?Wage inequality refers to the difference in the distribution of income among individuals, groups, populations or countries. It is a measure that highlights the gap between different individuals' or households' disposable income in a particular year.
Causes of wage inequality are:
Technological changeGlobalizationThe decline of unionsThe eroding value of the minimum wageHence, the inequality across the u. S. Economy on greater wage inequality was primarily caused by the new technologies.
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