The planned percent increase in sales for the month is 14.55%
The anticipated monthly sales growth rate in percentage
= 34567 - 40,4555/40455 * 100
Subtract the numbers :
= 34567 - 40,4555
= -5888
= -5888/40455 * 40455
= 14.55%
Hence, the planned percent increase in sales for the month = 14.55%
What is Percentage increase?
The percentage increase is the unit of measurement for percentage change in mathematics. The ratio of the increased value to the original value, multiplied by 100, is used to define the percentage increase. Here, the difference between the final value and the starting value can be used to determine the enhanced value. The increment calculation formula is provided by
Percentage Increase is calculated as [(Final Value - Original Value) / 100]
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An item costs $3 to make. If fixed costs are $1500 and profits are $32500 when 1000 items are made and sold, find the revenue
equation. (Let x be the number of items.)
The Revenue function = 26.5x
Revenue is how plenty of the gross sales is left over after deducting prices and losses, and it is used to pay for enterprise operations or the cost of manufacturing. To calculate your net revenue, subtract any sales reductions, allowances, returns, and commissions from your gross revenue.
Revenue is all of the cash it has earned. income/profit usually incorporates other facets of an enterprise. as an instance, internet income or incorporate costs including a fee of goods bought, running charges, taxes, and hobby charges.
Variable cost = $ 3
Fixed cost = $ 32500
Cost function C(x) = 32500 + 3x
Let selling price per unit = $ s
Revenue function = sx
Profit function = sx - 32500 - 3x
When x=200, profit = $1400
1500 = s × 200 - 3200 - 3 × 200
200s = 1500+3200+600
s = 5300/200
s = 26.5
Revenue function = 26.5x
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explain the implication of a tax rate of 90% for the taxpayer
Implication tax will increase, pinnacle marginal character tax quotes stayed near or above 90%, and the effective tax charge at 70% for the very best incomes (few paid the top charge), until 1964 whilst the pinnacle marginal tax fee became decreased to 70%.
In states in which high earnings individuals are taxed greater closely, migration increases excessive earners' pretax real earnings and lowers pretax incomes of lower earnings individuals. rather than reaching an extended-run redistribution of profits, an extra progressive tax machine distorts economic picks and decreases general actual earnings.
The term impact is used to specify the immediate result of or unique imposition of the tax. The effect of a tax is on the individual on whom it is imposed first. consequently, the individual that is Habile to pay the tax to the authorities bears its effect. The impact of a tax, as such, denotes the act of impinging.
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Part 1: Effective Communication
Write a 150- to 200-word response to the following scenario and questions:
Your class requires you to use a program you must download on your computer. You have waited until day 5 of the week to download the program, and you need it for an assignment that is due in 2 days. Now you are having issues with the program.
• How do you approach solving this problem?
• Whom would you contact first, and why?
• What are the resources available to support you when obstacles arise?
• Why is effective communication important in linking you to these resources
One would speak to his friends and fellow students to see if they were having the same problem that he was.
Describe a program?The program is a piece of system software that aids students in their academic work or project completion.
The student must download a program onto his computer in order to use it for the class. He didn't download the program until day five of the week, even though he needed it for an assignment that was due in two days. The program is giving him problems.
He needs to ask his friends and fellow pupils if they are experiencing the same problem when trying to launch the program. Instead of using such software, there are a lot of other options available. He can research the troubleshooting techniques online as well. He can speak with the software developer about the issues with the software as well.
The problems can be solved through excellent communication. If there is no communication, no issue can be resolved. Until and unless he speaks, the person will never comprehend what the other person is going through.
Therefore, in order to resolve any issue, proper communication and full information must be exchanged. Even just talking about a problem can remedy a serious one.
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Carson expects to invest $50,000 at the end of Year 1, $28,000 at the end of Year 2, and $12,000 at the end of Year 3. If he can earn an average annual return of 10.5 percent, how much will he have saved in this account by the end of Year 25?
By the conclusion of Year 25, he had $1,033,544.53 in his savings account.
Future Value: What is it?The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
At the end of the first year, the initial deposit will be made. 25 years after the first deposit translates to 26 years when the year is subtracted from 25+1.
years deposit FV factor at the end of 5 year future value
1.105 × 26
1 50000 12.13547977 606773.9884
2 28000 1 0.98233463 307505.3697
3 12000 9.938764372 119265.1725
FV 1,033,544.53
Consequently, the future value is $1,033,544.53
The average annual return (AAR) is what?
A mutual fund's historical average return is represented by the average annual return (AAR), which is typically expressed over three, five, and ten years. Investors usually examine a mutual fund's average annual return before investing in it as a means to gauge the success of the fund over the long run.
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You and 11 coworkers just won $16 million ($ 1,333,333,33 each) from the state lottery. what is the present value of your prize before taxes if you request the 'up-front cash' option?
The present value of your prize before taxes if you request the 'up-front cash' option is $.
Based on the amount that you won and the return earned by the state lottery, the present value of the "up-front cash" is $715,450.96
What is the present value?Over 17 years, the amount per year is:
= 1,333,333.33 / 7
= $78,431.37
This amount is the same every year so the present value will be that of an annuity.
The present value is:
= Annuity amount x present value interest factor of annuity, 17 years, 8%
= 78,431.37 x 9.122
= $715,451.96
Missing part of question:
Assuming you cach receive your share over 17 years and that the state lottery earns a 8 percent retum on its funds,
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Three types of goods are “substitutes”, “complements”, and “inferior”. Each type of good has the power to do what the demand curve?
A. Tilt it
B. Shift it
C. Bend it
The demand curve will Shift it. As Three types of goods are “substitutes”, “complements”, and “inferior”. Each type of good has the power. Hence, option B is correct.
What is demand curve?The demand curve is a graphical representation of the relationship between the price of an item or service and the quantity demanded over a given period of time. The price is frequently depicted on the left vertical axis and the quantity requested on the horizontal axis.
In economics theory, there are various different kinds of curves. There are four types of demand curves: elastic, inelastic, individual, and market curves.
Thus, option B is correct.
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Corrine has been reading restaurant reviews from local restaurants to find out what is popular. She has also been talking with food and beverage suppliers about local trends and preferences. What is Corrine MOST LIKELY working on developing for her soon-to-open restaurant?
Preliminary Research Corrine most likely working on developing for her soon-to-open restaurant.
What is Preliminary Research?Research on a topic that helps you gain a better understanding of the sources available and the viewpoints being expressed is known as preliminary study. This form of research strengthens a topic by enlarging or constricting it.
Using the knowledge you have obtained, you can select more effective search phrases. The Research Question, Background, Rationale, Hypothesis, and Objectives make up the first stage of a research project.
Thus, it is Preliminary Research.
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Outlines give you a chance to organize your thinking before determining word choice and sentence structure. Which of the following will help you create a more effective outline?
Check all that apply.
Strive for three to five major components
Move single subpoint to larger groups
Have one main topic that does not relate to the title
Combine subpoints whenever possible
Allow subpoints to overlap
Put the main idea in the title
Some actions that will help you create a more effective outline includes:
Avoid single items under major componentsDivide the main topic into major componentsMake each sub-point exclusiveWhat is the purpose of outline?Basically, its give one the chance to organize their thinking before determining word choice and sentence structure.
When making an outline, we should define the main topic in the title, divide the main topic into major components or classifications, break the components into sub-points. Also, If there is a single item under a sub-point, combine it with the main time above or below it, we can make each component exclusive and use details, illustrations, and evidence to support each sub-point.
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The 8 -year $1000 par bonds of Vail Inc. pay 14 percent interest. The market's required yield to maturity on a comparable-risk bond is 15 percent. The current market price for the bond is 880.
The correct answer is $801.29. A bond's price at any given time is equal to the present value of all outstanding coupon payments plus the bond's face value at maturity, discounted at its yield to maturity. A bond's yield to maturity (YTM) also serves as its return.
The result is displayed below:
The RATE formula must be used for yield to maturity, as shown below:
NPER = 8 PMT = $1,000 * 8% = $80 PV = $880 FV = $1,000 PV = -PV, where (RATE;NPER;PMT;FV;type)
Utilizing the technique above, $801.29 is the bond's present value.
The bond should not be purchased at the current market price of $880 because the bond's present value is $801.29.
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19). Leaders who challenge their followers to seek continuous improvement are using _____ leadership behaviors.
A) directive
B) achievement-oriented
C) supportive
D) participative
Which is correct!
Leaders who challenge their followers to seek continuous improvement are using B) achievement-oriented leadership behaviors.
Leadership, each as a research region and as a sensible talent, encompasses the potential of an character, organization or organisation to "lead", affect or manual other individuals, teams, or whole organizations. The phrase "management" regularly receives regarded as a contested time period.
Affiliative: Leaders create emotional bonds and concord. Democratic: Leaders build consensus through participation. Pacesetting: Leaders assume excellence and self-course. education: Leaders broaden people for the destiny
A leader is the one inside the price, the person who convinces other human beings to comply with. A high-quality chief evokes confidence in other human beings and actions them to movement. a pacesetter is the top guy or gal, the one going for walks the show.
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Which of the following situations best describes an increase in producer surplus?
1. When the price of pizza increases, producers are enticed to increase the quantity supplied.
2. When the price of pizza increases, the revenue and profit of pizza producers increase.
3. A firm in the pizza market is willing to produce and sell pizzas when the price is $15, but the prevailing market price at which a pizza can be sold is currently $20.
4. If the productivity of the workers that make pizza increases, producers can hire less workers to make the same amount of pizzas as before.
question 18
The description that would best give us the producer surplus is that : When the price of pizza increases, the revenue and profit of pizza producers increase.
What is referred to a producer surplus?This is the term that is used to refer to the revenue that the producer is going to get because they sold the quantity of goods at a particular price in a given market.
The producer surplus would have to show us that the as the price that Pizza is being sold goes up, it would also cause the profit that the producers of the good would make to rise also.
Hence When the price of pizza increases, the revenue and profit of pizza producers increase.
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A circle graph titled Porter Family Budget. Housing is 30 percent, Food is 25 percent, Savings is 15 percent, Transportation is 10 percent, medical is 5 percent, clothing is 10 percent, emergency fund is 5 percent. The Porter family has a net income of $5,000. If they want to reduce their food budget by $50, how much would the new food budget be? $
Answer:
60Hz is the peak of the 100w light bulb or 220 volt
Answer:
Explanation:1500
QUESTION 12
If Chobani used which type of “Promotion” strategy vehicle for generating market awareness, it probably would have failed to reach a sustainable growth momentum?
direct mailing
Explanation:
Chobani would have only been able to reach a small percentage of customers and its sustainable growth wouldnt had shown any signs of heightened sales
The City Commission of Nashville has decided to build
a botanical garden and picnic area in the heart of the
city for the recreation of its citizens. The precedence
table for all the activities required to construct this area
successfully is as follows:
Code Description?
The drawing tool that the City Commission of Nashville could use to draw the project activities is a Gnatt Chart.
What is a Gantt Chart?A Gantt Chart standardizes the display of project activities. It lists project activities with their corresponding start and completion dates in a calendar format.
Using a Gantt Chart illustrates how activities should be completed and resources allocated to achieve project objectives.
In a Gantt Chart, the relationships between the start and end dates of tasks, milestones, and dependent tasks for a project are graphically displayed.
Data:Code Description Time Immediate
(Code Hrs) Precedence
A Find location: determine resource requirements 15 None
B Requisition of lumber and sand 65 A
C Dig and grade 105 A
D Saw lumber into appropriate sizes 35 B
E Position lumber in correct locations 15 D, C
F Nail lumber together 10 E
G Put sand in and under the equipment 25 F
H Put dirt around the equipment 10 F
I Put grass all over the garden, landscape, paint 25 G, H
Thus, the best drawing tool that the City Commission of Nashville could use to draw the project activities is a Gnatt Chart.
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Question Completion:Code Description Time Immediate
(Code Hrs) Precedence
A Find location: determine resource requirements 15 None
B Requisition of lumber and sand 65 A
C Dig and grade 105 A
D Saw lumber into appropriate sizes 35 B
E Position lumber in correct locations 15 D, C
F Nail lumber together 10 E
G Put sand in and under the equipment 25 F
H Put dirt around the equipment 10 F
I Put grass all over the garden, landscape, paint 25 G, H
Which drawing tool would be used to draw the activities?
What is product positioning?
Answer:
Product positioning is a form of marketing that presents the benefits of your product to a particular target audience.
Explanation:
Which of the following accounts would likely be included in a deferral adjusting entry
The accounts that would likely be included in a deferral adjusting entry is option d) Unearned Revenue.
What are Unearned Revenue?Unearned Revenue accounts are known to be the amount that is said to have been obtained or received in course of the current period but it it is one that need to be recognized as income in regards to the coming period.
Note that when a service is given in part during then, it is one that often needs the adjusting entry as placed on balance sheet date.
Therefore, Interest Revenue, Accounts Receivable, and Salaries Payable is seen as an income or as a form of expense in full in course of the current period and so, The accounts that would likely be included in a deferral adjusting entry is option d) Unearned Revenue.
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which one of the following accounts below would likely be included in a deferral adjusting entry?
a) Interest Revenue
b) Accounts Receivable
c) Salaries Payable
d) Unearned Revenue
You reached home after a days travel, you are served your Favorite "Poutine" Define the cooking methods and heat transfer methods involved in the making of a poutine for you?
The cooking methods and heat transfer methods involved in the making of a poutine for you is called packaging. The main utilization of paper for packaging was sheets of treated mulberry bark utilized by the Chinese to wrap food sources as soon as the first or second century B.C.
What does Packaging means?Packaging is the science, craftsmanship and innovation of encasing or safeguarding items for appropriation, capacity, deal, and use.
Packaging additionally alludes to the method involved with planning, assessing, and delivering bundles. Packaging can be portrayed as an organized process for getting ready products for transport, warehousing, coordinated operations, deal, and end use.
Packaging contains, secures, jelly, ships, illuminates, and sells. In numerous nations it is completely coordinated into government, business, institutional, modern, and individual use.
Therefore Packaging is correct.
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Mr. Saiful can save 120,000 tk per year and after the 1st year he can earn 9% on his savings. How long it will take for Mr. Saiful to accumulate that 1,000,000 tk for his PhD in Australia?
Mr. Saiful will need to save up that $1,000,000 tk for his Ph.D. in Australia for 7.64 years.
How would you define savings?
The amount of money earned that is not used for immediate expenses is saved. In other words, it refers to money that is stored away for later use rather than being immediately spent.
For Mr. Saiful to amass the $1,000,000 tk for his Ph.D. in Australia, the following will be necessary:
Amount he can save= 1,20,000
Interest= 9% of 1,20,222 = 10800
Total amount after adding interest= 1,30,800
130800 earned = 1 year
10,00,000 will be earned in = (1/130800) X 10,00,000
= 7.64 year
Why is saving crucial?The reason why saving money is so important is because it gives you more freedom and security in your life. If you have money saved up for emergencies, you will always have something to fall back on. Additionally, you might be able to take chances or try new things if you have money set up for discretionary spending.
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Required: a. State the proxy for the risk-free asset in any market. (1)
The current market interest rate on a savings account with government insurance serves as a good substitute for the risk-free rate.
So how do investors assess new companies? In this situation, thinking of valuation as a stand-in for risk is the best approach to comprehend it. In other words, your valuation will be lower and vice versa depending on how risky an investor perceives your investment to be current market . An extensive depiction of a larger market, like the stock market, is called a "market proxy." A market proxy can be used as the foundation for statistical research or index funds. The most well-known current market market proxy for the American stock market is the S&P 500 index. A risk-free asset is one with a guaranteed future return and almost little chance of loss. Debt Bonds, notes, and particularly Treasury bills issued by the U.S. Department of the Treasury are regarded as risk-free investments because they are backed by the "full faith and credit" of the American government.
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Which of the following is a disadvantage of virtual teams?
O a. Limited market opportunities
O b. Poor leadership
O c. Decreased productivity
Od. Inefficient knowledge transfer
Memele
The disadvantage of virtual teams from the options that we have here would be Decreased productivity.
What is meant by virtual teams?This is the term that is used to refer to the group of workers that are known to communicate with themselves and also work together over a network or through the internet.
These people do not work under the traditional work environment. Tasks could be completed from the comfort of their homes. Hence we can say that the disadvantage of virtual teams from the options that we have here would be Decreased productivity.
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PA6. 6.3 Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 is used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
The cost to manufacture Twin is $ 210 per unit and Double is $ 132 per unit.
Why does manufacture mean?Making something in a factory, typically in big quantities, is referred to as manufacturing it. The business makes plastics.
Briefing:Twin Double
Direct material 25 35
Direct labor cost 35 55
Overhead 150 42
Total per unit 210 132
Workings:
Activity Activity rate
Framing 25=175000/(6000+1000)
Padding 1=240000/(130000+110000)
Filling 0.4=320000/(450000+350000)
Labelling 0.2=250000/(800000+450000)
Inspection 11=187000/(12000+5000)
Activity Twin Double
Framing 150000 25000
Padding 130000 110000
Filling 180000 140000
Labelling 160000 90000
Inspection 132000 55000
Total overhead 752000 420000
Divide by units 5000 10000
Overhead per unit 150 42
Activity Twin Double
Framing = 6000*25 = 1000*25
Padding = 130000*1 = 110000*1
Filling = 450000*0.4 = 350000*0.4
Labelling = 800000*0.2 = 450000*0.2
Inspection = 12000*11 = 5000*11
The cost to manufacture Twin is $ 210 per unit and Double is $ 132 per unit.
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explain five aspects that must be considered when setting up a business venture
Five factors that must be considered business venture in the identification of Your skills, Audit the market call for Your idea, check for Availability of assets, paintings on an economic Plan, and Be geared up to face Failure.
The business venture definition is a new business that is shaped by a plan and expectation that monetary gain will observe. regularly, this type of enterprise is called a small commercial enterprise, because it normally starts offevolved with a small number of economic resources.
A business venture is any entrepreneurial organization it is created to make money. sure, that encompasses lots of different things. something from eating places to multimillion-greenback Silicon Valley tech startups to even the lemonade stand run via your neighbor's child may be taken into consideration as a business challenge. project capital is a shape of personal equity financing this is furnished by means of assignment capital corporations or finances to startups, early-degree, and emerging organizations that have been deemed to have high increase ability or that have verified high growth.
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All of the following are reasons for agency regulations except:
O Preventing unsafe working conditions for employees.
O Level sales for businesses since some shopping districts attract more affluent customers than other
O Protecting the environment from pollution.
Protecting customers from bank or insurance fraud.
Determine which of the following lodgings fall under the category of specialty accommodations.
hostels
bed and breakfasts
lodges
campgrounds
resorts
conference centers
motels
The term "specialty accommodations" refers to hostels, lodges, and bed and breakfasts.
What is Accomodations?
A place to stay, such as a hotel, campground, or caravan park, is always necessary for travellers who want to visit another location or go on a trip. Accommodations are a collection of rooms or buildings where someone may live or stay.Serviced and non-serviced accommodations are divided into two categories that are distinct from one another. Since they are all in the private sector, they all want to turn a profit and expand their companies. Service is just as important in the hospitality industry as the actual goods like guest rooms, beds, and meals. No of what part they play in the business, every employee must do their part to make sure that each visitor's wants, preferences, and requirements.To know more about Accomodations visit:
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in addition to Money Market Corporations desire to maintain
adequate liquidity, briefly evaluate and state whether or not you agree with the proposition
that the RBA must raise its target inflation rate above 2-3% and, accordingly set the cash
rate annually.
I agree with the proposition tjat the RBA must raise its target inflation rate above 2-3% and, accordingly set the cash rate annually in order to control the money supply.
How to illustrate the information?A deposit account kept at a bank, credit union, or other financial organization is known as a money market account. In comparison to standard savings accounts, this account offers a higher rate of interest. The funds in a money market account are used by banks to invest in short-term liquid assets like municipal bonds or Treasury bills (T-bills).
When investing, liquidity is crucial so that you can access the wealth you accumulate. You may become cash-poor if all of your assets are invested in long-term or highly illiquid securities. Your ability to invest money into a new investment opportunity may be considerably reduced as a result.
The Reserve Bank Board would normally tighten (loosen) monetary policy to get inflation back to target, for example by increasing (decreasing) the cash rate, if inflation is predicted to be too high (low) for an extended period of time. Early in the 1990s, the Reserve Bank adopted the inflation target.
Therefore, in conclusion, I agree with the proposition tjat the RBA must raise its target inflation rate above 2-3% and, accordingly set the cash rate annually in order to control the money supply.
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Which term describes the group of people elected to run a corporation?
Board of Directors - term describes the team of humans elected to run a corporation. A board of directors (B of D) is the governing physique of a company, elected via shareholders in the case of public agencies to set approach and oversee management. The board commonly meets at normal intervals.
What is the position of a board of directors?Chosen via shareholders, the foremost job of a public company's board of directors is to look out for the shareholders' interests. In fact, administrators are legally required to put shareholders' interests in advance of their own. The board performs a supervisory role, overseeing corporate things to do and assessing performance.
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Analyse two possible difficulties Primark might face from selling to a mass market.
Any entrepreneur, like Primark in the above situation, might face two biggest difficulties, such as competition from other players in the mass market, and lack of pricing power in the mass market.
What is the significance of a mass market?A mass market can be referred to or considered where there are numerous buyers and sellers engaged in the exchange of similar, same, or identical products with hardly any differences in the selling prices of such goods. As a result, there is an increase in competition and no pricing power in a mass market.
Therefore, the significance regarding a mass market has been aforementioned.
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Exercise 4-32 (Algo) Application of Overhead [LO 4-4, 4-5]
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the
month of February, the company worked on these three jobs:
Job Number
B10 C44 G15
Direct labor ($8/hour) $ 52,000 ? $ 19,000
Direct materials 60,000 79,000 ?
Overhead applied ? 43,250 13,300
During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Workin-Process at the cost of $328,650 at the end of the month. Actual factory overhead costs during the month totaled $65,500.
Required:
1. What is the predetermined factory overhead rate?
2. Compute the amount of underapplied or overapplied overhead for February.
Required 1 Required 2
Complete this question by entering your answers in the tabs below.
Compute the amount of underapplied or overapplied overhead for February. (Do not round intermediate calculations.)
1. The predetermined factory overhead rate is $0.70 per direct labor cost.
2. The amount of the overapplied overhead is $27,450.
What is the predetermined overhead rate?The predetermined overhead rate is the amount of the total overhead costs attributable to a unit product or service.
The predetermined overhead rate is the product of the estimated total overhead costs for the period divided by the total cost basis.
Data and Calculations:Job Number
B10 C44 G15
Direct labor ($8/hour) $ 52,000 ? $ 19,000
Direct materials 60,000 79,000 ?
Overhead applied ? 43,250 13,300
B10 C44 G15
Direct labor ($8/hour) $ 52,000 61,785 $ 19,000
Direct materials 60,000 79,000 112,315
Overhead applied 36,400 43,250 13,300
$148,400 $184,035 $144,615
Workings:1) C44 Direct labor costs = Overhead applied/Predetermined overhead rate
= $61,785 ($43,250/$0.70)
2) B10 Overhead Applied = $36,400 ($52,000 x $0.70)
3) G15 Direct Materials Cost = $112,315 ($328,650 - $184,035 - $19,000 - $13,300)
4) Predetermined overhead rate = $0.70 ($13,300/$19,000)
Overhead Costs:Total overhead applied = $92,950
Actual overhead costs = $65,500
Overapplied overhead = $27,450 ($92,950 - $65,500)
Thus, the predetermined overhead rate is $0.70 per direct labor cost.
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Gowri plans to start up her own business using her 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 or fabric cutter - she can cut lengths
of material or fabric for clothes with very little wastage. Aditi is quick at
sewing fabric together
Gowri intends to use her own savings to launch her own business. She desires to create stylish clothing for women. Despite being a very talented clothing designer, she dislikes sewing garments together. To assist Gowri, two pals have volunteered. Abha is an expert material cutter; she can efficiently cut material for clothing lengths. Aditi is a skilled seamstress.
What does "business" mean?
A business is essentially a group of people who cooperate to accomplish a common objective. In a business, people are employed to produce and market goods and services. The people who buy the goods and services are other people.
b) List the two production elements that Gowri's new company will require.
Gowri will require labor and land as her two primary production inputs.
c) Describe two potential costs that Gowri would incur as a result of her choice to launch her own company.
The things we give up to pursue another goal are referred to as business opportunity costs. She will forgo leisure time and other things she could have done with the money in this situation.
d) Describe one benefit and one drawback of division of labor in the context of Gowri's clothing manufacturing firm.
While the division of labor has its benefits, such making work easier, it also has drawbacks, including the tendency for workers to repeat the same actions business repeatedly.
e) Do you believe that all of the clothing that Gowri's company produces will be able to be sold? Justify your response.
Despite being a skilled designer, I believe Gowri's company won't be able to sell all the clothing it produces. She's business only getting started, so it'll be some time before she becomes well-known.
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The key factors that affect a country’s level of economic development are
Group of answer choices
literacy level, technology, and agricultural dependency.
religion, traditions, and customs.
government system, political stability, and trade barriers.
location, climate, and natural resources.
The key factors that affect a country’s level of economic development are literacy level, technology, agricultural dependency and natural resources.
Literacy is the ability to apply published and written statistics to feature in society, achieve one's goals, and broaden one's expertise and capacity. The competencies required. Abilities-based definition. Literacy is the potential to study, write, talk and listen in a manner that lets us communicate efficiently and make sense of the arena.
Literacy is defined as being able to study and write or having know-how approximately a selected challenge. While you may examine, this is an instance of literacy. When you are acquainted with math, this is an instance of literacy in mathematics. The ability to read.
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