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KiRa [710]
2 years ago
7

You have been the assistant manager at a small deli for the past three years, and you have made friends with many of the custome

rs. You are thinking about opening up your own deli, and there is a great space just around the corner from your current job. You think many of the customers you have befriended will follow you to your new business. Is it fair to open a shop in competition with your current employer? Why or why not?
Business
2 answers:
Archy [21]2 years ago
6 0

Answer:If you financially able to open a deli and it is your passion then you should be able to open one. You might get the feeling that your old employer doesn't approve of what you did, but that is because you are now a competition. You might have some customers who won't want to switch to a new place but most of them probably would be okay with.

Explanation:

Nana76 [90]2 years ago
5 0
If you financially able to open a deli and it is your passion then you should be able to open one. You might get the feeling that your old employer doesn't approve of what you did, but that is because you are now a competition. You might have some customers who won't want to switch to a new place but most of them probably would be okay with. 
You might be interested in
Suppose an economy produces only cranberries and maple syrup. In 2010, 50 units of cranberries are sold at $20 per unit and 100
sergejj [24]

Answer:

The correct answer is :  Nominal GDP is 1800, real GDP is 2000, and GDP deflator is 90

Explanation:

This is what evaluates the current market prices. It includes the changes presented in market prices that have occurred during the current year. It analyzes as well the inflation or deflation. Also, it measures the value of all services and finished goods and produced by a country

3 0
2 years ago
Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manu
Dovator [93]

Answer:

Crain Company's total taxes would decrease by $64,740

Explanation:

the income statement for the parent company:

total revenue $2,490,000

- COGS          ($1,490,000)

<u>- S&A costs     ($390,000)</u>

EBIT                   $610,000

<u>- taxes              ($201,300)</u>

net income       $408,700

the income statement for the subsidiary:

total revenue $3,490,000

- COGS          ($2,490,000)

<u>- S&A costs      ($199,000)</u>

EBIT                   $801,000

<u>- taxes              ($368,460)</u>

net income       $432,540

total taxes paid = $201,300 + $368,460 = $569,760

if the parent company increases the selling price by 20%

the income statement for the parent company:

total revenue $2,988,000

- COGS          ($1,490,000)

<u>- S&A costs     ($390,000)</u>

EBIT                 $1,108,000

<u>- taxes              ($365,640)</u>

net income       $742,360

the income statement for the subsidiary:

total revenue $3,490,000

- COGS          ($2,988,000)

<u>- S&A costs       ($199,000)</u>

EBIT                   $303,000

<u>- taxes               ($139,380)</u>

net income        $163,620

total taxes paid = $365,640 + $139,380 = $505,020

the parent company's total taxes would decrease by = $569,760 - 505,020 = $64,740

5 0
2 years ago
At an annual effective interest rate of 6.3%, an annuity immediate with 4N level annual payments of 1,000 has a present value of
Kaylis [27]

Answer:

the % of the present value that corresponds to the first 9 payments (N) =  47.57% of the annuity's present value.

the % of the present value that corresponds to the first 27 payments (3N) =  90.86% of the annuity's present value.

Explanation:

we must use the present value of an annuity formula:

PV = annual payment x annuity factor

14,113 = 1,000 x annuity factor

annuity factor = 14,113 / 1,000 = 14.133

we know that the interest rate is 6.3%, now using an annuity calculator we can determine that the total number of periods is 36. The exact factor is 14.11322, but we can round to 14.113

the first set would represent 36/4 = 9 years

the % of the present value that corresponds to the first 9 payments (N) = PV = 1,000 x 6.71376 (PV annuity factor, 6.3%, 9 periods) = 6,713.76. This corresponds to 6,713.76 / 14,113 = 47.57% of the annuity's present value.

the % of the present value that corresponds to the first 27 payments (3N)  = PV = 1,000 x 12.82329 (PV annuity factor, 6.3%, 27 periods) = 12,823.29. This corresponds to 12,823.29 / 14,113 = 90.86% of the annuity's present value.

7 0
2 years ago
​Nourishmix, Inc. manufactures food processors. The target sales price is​ $420 per unit. The company desires a​ 30% net profit
jasenka [17]

Answer:

C. $294

Explanation:

The computation of the  company's target full - product cost per unit is shown below:

= Target sale price - target sale price × net profit margin

= $420 - $420 × 30%

= $420 - $126

= $294

Simply we deduct the targeted net profit from the targeted sales price so that the accurate target full - product cost per unit can come.

7 0
2 years ago
If a security currently worth $12,800 will be worth $15,573.16 five years in the future, what is the implied interest rate the i
Anna007 [38]

The implied rate of interest is 4.00%

Explanation:

Principal (initial security worth)- $ 12,800

Final amount - $ 15,573.16

Time taken – 5 years

No additional deposition or withdrawal in between

∴ Rate of interest

This is the problem pertaining to compounding interest.

We know that for compound interest

Amount (A)= Principal(P)(1+R/100)ⁿ

Where R= rate of interest

N= time period

Thus, equation can be rearranged as  

A/P=(1+R/100)ⁿ

Substituting the values of A, P and n as $15,573.16, $12800 and 5 years respectively

15573.16/12800=(1+R/100)⁵

Solving the above equation we would get R as 4%

5 0
2 years ago
Read 2 more answers
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