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stiv31 [10]
2 years ago
13

1. Describe your business idea. (1-5 sentences. 2.0 points) TIP: This should be the same business idea you came up with in the f

irst half of the course. 2. Describe your company's target market. (2-4 sentences. 2.0 points) 3. What will your company sell? List the way or ways your company will make money. (1-3 sentences. 2.0 points)
Business
1 answer:
Norma-Jean [14]2 years ago
4 0

Answer:

Explanation:

in booths to attract in-person attention. Online, customers will be able to see all the variety of necklaces we have available and learn about our products. 5. If your company grows big enough to hire sales people, will you set sales quotas or use commissions? Why or why not? (1-2 paragraphs. 5.0 points) I would use commissions. This is because it is more economical for the company, only having to pay sales people when they successfully sell a product. It would motivate the sales people to sell more products because they know they benefit from it. Although it can pressure them sometimes, I feel like it would be the best route to take

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Classifying all data in an organization may be impossible. There has been an explosion in the amount of unstructured data, logs,
Lynna [10]
Por que no se pudo disolver en uno de los recipientes
5 0
1 year ago
Mart's Boutique has sales of $820,000 and costs of $540,000. Interest expense is $36,000 and depreciation is $59,000. The tax ra
Rufina [12.5K]

Answer:

$146,150.00

Explanation:

Net income is net of taxes.

Here,

Sales = $820,000.00

Less: Costs = -$540,000.00

Gross profit = $280,000.00

Less: Finance Costs

Interest = -$36,000.00

Depreciation = -$59,000.00

Net profit before Tax = $185,000.00

Less: Tax @ 21% of $185,000.00 = - $38,850.00

Net Income (after tax) = $146,150

Net income is always computed after tax.

$146,150.00

3 0
2 years ago
Chris was the business manager for a real estate firm earning an annual salary of $40,000. Then Chris decided to become a consul
Reptile [31]

Answer:

The answer is: $40,000

Explanation:

Chris's opportunity cost of working as a consultant instead of working as a business manager (her old job) is $40,000. So in order for Chris to earn normal profit, the difference between his revenue and his combined explicit (e.g. rent, assistant's salary) and implicit costs (opportunity cost) is zero.

7 0
2 years ago
Question 2 The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts below before adjusting ent
puteri [66]

Answer:

The ledger of Metlock, Inc.

March 31 Adjusting Entries

Sr. No                           Particulars                Debit             Credit

1                  Depreciation Expense            $1092

                     Accumulated Depreciation                       $ 1092  

Depreciation for 3 months =  $364*3= $ 1092

2.                      Unearned Rent Revenue  8060

                                          Rent Revenue Earned         8060  

Half of the unearned rent revenue was earned during the quarter.

3.            Interest Expense                  $130

                             Interest Payable                              $ 130

Interest of $520 is accrued on the notes payable. For the quarter it will be

$ 520/4-=$ 130

4.                 Supplies Expense         2885

                                Supplies                                  2885

Supplies on hand total $1,105.  Supplies were $ 3900. The amount of supplies used were $ 3900- $ 1015= $ 2885

5.                Insurance Expense         $1560

                             Prepaid Insurance                   $ 1560        

Insurance expires at the rate of $520 per month. For the three months it would be $ 520* 3= $1560.

8 0
2 years ago
Malcolm purchased an old convenience store, and after renovations will open a small vegan grocery. He paid $517,000, of which $4
MrRa [10]

Answer:

amount $524,000 represent the Depreciable basis

Explanation:

given data

paid =  $517,000

building = $417,000

renovations cost = $107,000

amount = $524,000

to find out

What does the amount $524,000 represent

solution

here  amount $524,000 represent the Depreciable basis

because Depreciable basis is the acquisition cost of investment + renovations  .........................1

Depreciable basis amount = $417,000 + $107,000 = $524,000

so here is the investment is depreciable basis

so that we can say that amount $524,000 represent the Depreciable basis

3 0
2 years ago
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