Answer:
A. The grocery department of a Walmart Supercenter or Target Superstore
Explanation:
- A profit center is a type of business where the business is expected to make into valuable contributions, a profit center can be treated as a separate business of the company.
- The profits and losses for that center are calculated separately. Examples of profit centers include the store, sales organization, or consulting organization.
Answer: Both A and C
Explanation:
The Phil's filling gas station operates on a highway was solo in that area and had no other gas stations nearby.It enjoyed the profit .
Sooner a new gas station opened near Phil's gas station.The profit of the Phil's gas station started decreasing. This was because the it has to lower prices to increase its demand and as there were substitutes available in the market now, people moved to another gas stations for their need.
Both of the cases will decrease its profit.
Answer:
Mark will have at the end of six years the amount of $25,865.74
Explanation:
According to the given data we have the following:
First investment = 2500
Investment increasing at rate of 10%
Interest rate = 13%
t=6 years
Present value is given by formula = C * [((1+g)^n/(1+i)^n) - 1 ] / (g-i)
C is first value = 2,500
g is increase in investment = 0.10
i is intrest rate = 0.13
n is no of years = 6
Putting values into the equation
P = 2500* [((1+ 0.10)^6/(1+0.13)^6) - 1 ] / (0.10-0.13) 1.771561 2.08195
P = 2500* [((1.10)^6/(1.13)^6) - 1 ] / (-0.03)
P = 2500* [0.8509142870866 - 1 ] / (-0.03)
P = 2500* (-0.14908571)/ (-0.03)
P = 2500* 4.9695236
P=$12,423.809
Future value = P*(1+i)^t
= $12,423.809 *(1+0.13)^6
= $25,865.74
Mark will have at the end of six years the amount of $25,865.74
Answer:
C) $1,166,000
Explanation:
The sales budgeted will be
unit sales budgeted x unit sales price
we look into the assignment for these numbers:
- February sales 10,600 units
And calcualte: 10,6000 units x $110 sales price
Total sales revenue for the month of February 1,166,000
The rest of the data is irrelevant for the question we are given thus, we ignore it.
Sole Proprietorship- A type of business organization that has one owner. The owner is personally liable for paying the business's debts.
Characteristics
Ownership: Owned by 1 person.
Formation: No formal filing or agreement necessary to form.
Liability: Owner could lose personal assets to meet obligations of business.
Closing: Ends with death of owner or closing of business.
