Answer:
No, Kamal's father, Mr.Kishanlal is not justified in his point of view because although it is true that money is needed to start a new business but money is not that much necessary as many other things. To start a new business and make it a success, passion, new idea and determination is much needed. If you are passionate to start something new and provide people value then it will be very easy to become successful. You should have a new idea to start a business. You should provide people with ease with the help of your new idea and new product or service. People will definitely but your products and services if it is something of value. You should have an urge to be determinant. There are many entrepreneurs, who have not much money when they started a business, but with their passion and handwork they became successful i,e, Jeff Bozos, Bill Gates, Steve Jobs etc.
Answer:
$179,950
Explanation:
For determining the overhead applied first we have to find the predetermined overhead rate based on the estimated cost which is shown below:
Predetermined overhead rate is
= Estimated overhead cost ÷ estimated direct labor cost
= $174,000 ÷ $87,000
= $2
Now the applied overhead is
= Predetermined overhead rate × actual direct labor cost
= $2 × $89,975
= $179,950
We simply applied the above formula so that the overhead applied could come
The intrinsic value of a call option can be calculated by subtracting the strike price from the market price ($108-$110=?). Therefore the intrinsic value of John's call option is $-2 or 0.
<span>By winning two new clients in form of publicly owned companies black & company increase its chances to open its services to a broader market. If the audit is successful and the new clients are satisfied black & company could get referrals which would lead to a growing clients base and therefore an increase in profits.</span>
Answer:
Number of vehicles to be sold to reach break-even point is 200,000 unit
Explanation:
<em>Computation of Dealer’s Discount:
</em>
Dealer Discount = MSRP * Rate of Discount
=$30,000×10%
=$3,000
<em>Computation of net selling Price: </em>
Net Selling Price = MSRP - Dealer ′
s Discount
=$30,000 - $3,000
=$27,000
<em>Computation of Contribution Margin: </em>
Contribution Margin = Net Sales - Unit Cost
=$27,000 - $20,000
=$7,000
<em>Compute the number of units to reach break-even point for Firm X.</em>
Break-even point = Fixed cost / Contribution per unit
=$1,400,000,000 / $7,000
=200,000 units
Therefore, number of vehicles sold to reach break-even point is 200,000.
Nb: MSRP means manufacturer's suggested retail price
