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Makovka662 [10]
2 years ago
13

you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, managem

ent, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.
Business
1 answer:
Katarina [22]2 years ago
8 0

Answer:

Explanation:

In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.

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Your local movie theater earns a total revenue of $40,000 per month when the price of a movie ticket is $8, and it earns a total
raketka [301]

Answer:

Inelastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

percentage change in quantity demanded =

35,000 - 40,000/40,000 = -0.125 = -12.5%

percentage change in price = $10 - $8 / $8 = 0.25 = 25%

Elasticity = -12.5%/25%= -0.5

Demand is inelastic because the elasticity of demand is a less than 1.

Elasticity of demand measures how quantity demanded changes when price change.

Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .

Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1

Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.

7 0
2 years ago
Leading coatings and paints manufacturer Akzo Nobel established a team made up of members from various departments to increase p
lakkis [162]

Answer:

a. affective

Explanation:

When a disagreement arises because of negative emotions among the intra-group team members, an affective conflict occurs. A cross-functional team has different members from various departments. Therefore, team members can expect a negative perspective among themselves. If it happens, affective conflict arises in the cross-functional team.

Therefore, option A is the correct answer.

5 0
2 years ago
You run a manufacturing facility that makes roller skates. Fixed monthly cost is $50,000 in mortgage, $3,000 per employee on ave
Marysya12 [62]

Answer:

At producing 14,286 skates

Explanation:

3 0
2 years ago
The calculations have to be using Excel. How do I input it?To complete your degree and then go through graduate school, you will
gulaghasi [49]

Answer:

a) $639,610.76

b) $422,923.12

c) $0.00

d) $875,351.49

Explanation:

a) How large of a deposit must she make today?

To calculate this, we make us of the formula for calculating the present value of an ordinary annuity as follows:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PV = Amount to deposit today =?

P = yearly withdrawal = $95,000

r = interest rate = 4% = 0.04

n = number of years = 8

Substitute the values into equation (1) to have:

PV = $95,000 × [{1 - [1 ÷ (1 + 0.04)]^8} ÷ 0.04]

PV = $95,000 × 6.73274487495041

PV = $639,610.76

Therefore, she must make a deposit of approximately $639,610.76 today.

b) How much will be in the account immediately after you make the 3rd $95,000 withdrawal

Note: See Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 3 and it can be seen that this is $422,923.12.

c) How much will be in the account immediately after you make all the withdrawals including the last one in 8 years?

Note: Also see Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $0.00.

d) Now, if you decide to drop out of school today and not make any of the withdrawal, but instead keep your aunt’s money, that she deposited today, in the account that is earning 4.00%, how much would you have at the end of 8 years?

Note: See Part B in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $875,351.49.

The amount is that large because zero amount is withdrawn each year while the account kept on earning interest yearly on the ending balance.

Download xlsx
4 0
2 years ago
Excerpts from hulkster company's december 31, 2018 and 2017, financial statements are presented below: 2018 2017 accounts receiv
Rudik [331]

<u>Calculation of Hulkster's 2018 return on shareholders' equity:</u>


Return on shareholders' equity can be calculated with the help of following formula:

Return on shareholders' equity=  Net Income / Average shareholders' equity


Following information is available:

Net Income for the year 2018 =$41,500

Shareholders' equity 2018 = $252,000

Shareholders' equity 2017 = $231,000

Average shareholders' equity = (252000+231000) /2 = $241,500


Return on shareholders' equity for 2018 =  41500/241500 = 0.1718 =17.18%


Hence, Hulkster's 2018 return on shareholders' equity is <u>17.18%</u>







7 0
2 years ago
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