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Brums [2.3K]
2 years ago
14

You and your friends have been doing a good business at the hot dog stand you have been operating on weekends in a local parking

lot. Sales are brisk! You have decided that, rather than just blowing your profits on a big party, to invest in a way to expand your business and -- you hope -- bring in even more profit. You have been selling 200 hot dogs each weekend at $1.00 each. Supplies cost you $100, and rent for your space in the parking lost was $25. You and a friend each spent five hours working at the stand. That means you have $75 left to divide between your wages, and money to invest in expanding your business. The more wages you pay yopurself and your helper, the less you will have to invest.
Now that you know the definitions of the three factors that you need in order to produce wealth, perhaps this knowledge can help you approach this business decision.
Describe your plan for investing your hot-dog profits in the space below. Identify and evaluate specific investments in additional land, labor and capital -- and try to estimate, as best you can, how many additional dogs each option will allow you to sell, and how much profit the investment will bring in.
Business
1 answer:
sweet [91]2 years ago
8 0

Answer:I'm sorry but I cant help

Explanation:

You might be interested in
Matthew​ Liotine's Dream Store sells water beds and assorted supplies. His​ best-selling bed has an annual demand of 395 units.
Sergeu [11.5K]

Answer:

77.48 units

Explanation:

Data provided in the questions

Annual demand = 395 units

Ordering cost = $38

Holding cost per unit per year = $5

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{395}\times \text{\$38}}{\text{\$5}}}

= 77.48 units

hence, the economic order quantity is 77.48 units

We simply applied the above formula so that approximate units could come. And it always expressed in units

8 0
2 years ago
How could the respective roles of these two labour organizations influence actions by other parties to address the concerns rais
Lapatulllka [165]

The correct answer to this open question is the following.

Unfortunately, you did not include the name of the two labor organizations. There is no further context, reference, text, or article.

However, trying to help you we can comment on the following.

Probably, you are referring to the Ontario Federation of Labor (OFL) and the Ontario Public ServiceEmployees Union (OPSEU).

If that is the case, we say that these two labor organizations have a major role in supporting the employees of Tim Horton's branches, after the response, they have taken in Ontario regarding the increase of the minimum wage in that Canadian province.

The power of these labor organizations created awareness of the employee's situation when different media channels covered the news about the demonstrations. This coverage was nationwide, alerting all Canadians about the situation in some branches of this famous and cherished Canadian fast-food restaurant.

This situation does not only grab the attention of public opinion but from the government and political parties that can get into the discussion, affecting the public image and reputation of Tim Horton.

7 0
2 years ago
Tina and her best friend Aaliyah want to start a medical transcriptionist company together. They grew up together and know each
Ivahew [28]

Answer:

Limited liability partnership (LLP) or a limited liability company (LLC)

Explanation:

Both the LLP and LLC provide limited liability to the owners and they are both pass through tax entities. That means that they are not directly taxed, instead their owners are taxed.

Depending on where Tina and Aaliyah live, they might not be able to open a LLP, and instead they will need to start a LLC. Any of them will satisfy their needs, but starting a LLC is a little bit more complicated and can cost more money. An LLC is usually better if there are several partners, but in this case if they can avoid the cost of opening a LLC it would be better for them.

8 0
2 years ago
On December 31, Year 4, Mith Co. was a defendant in a pending lawsuit. The suit arose from the alleged defect of a product that
kifflom [539]

Answer:

C) An accrued liability of $50,000 and would disclose a contingent liability for an additional $10,000.

Explanation:

Since it is probable that Mith will lose the case, hen it must report an accrued liability of $50,000 which represent the most likely outcome of the lawsuit. But since it is also possible that they have to pay $10,000 more, they should report that amount as contingent liability.

Contingent liabilities are those events that can result in a loss and have more than 50% chance of occurring. Since it is not certain that it will happen, they are considered contingent (or just in case).

Since the first $50,000 are probable, they must be recorded as accrued liabilities, since the last $10,000 are possible, they must be recorded as contingent liabilities.

8 0
2 years ago
Silicon Technologies, currently sells 17" monitors for $270. It has costs of $210. A competitor is bringing a new 17" monitor to
Alex_Xolod [135]

Answer:

Option C-$172.50

Option C,($190,000)is correct

Explanation:

Target cost=competitive market price-target operating profit

competitive market price is $230

target operating profit is 25% of selling price=$230*25%=$57.50

target cost=$230-$57.50=$172.50

Option C is correct as a result of the above computation

Current operating income =($270-$210)*5000=$300,000

new operating income=($230-$210)*(5000*110%)

                                      =$20*5500=$110,000

The new operating is $110,000 from $300,000 recorded earlier,in a nutshell ,the operating income would reduce by $190,000($300,000-$110,000)

Option C is the correct answer

4 0
2 years ago
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