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2 years ago

Explain the importance of assessing one's Pecs before engaging in any particular entrepreunrial activity

1 answer:

5 0

Assessing one's personal entrepreneurial competencies also known as PECs is very important to evaluate your weakness and strengths when it comes to entrepreneurship. By doing this, you will be able to fix your weaknesses and strengthen your strengths for the advantage of the activity.

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Swifty Corporation had net sales of $2,419,200 and interest revenue of $39,300 during 2020. Expenses for 2020 were cost of goods

damaskus [11]

Answer:

Please find the income statement below;

Explanation:

Single step Income statement

Revenues

Net sales 2,419,200

Interest revenue 39,300

Total revenues 2,458,500

Expenses

Cost of goods sold 1,464,600

Admin. expenses 216,400

Selling expenses 294,800

Interest expense 46,000

Total expenses 2,021,800

Net Income  436,700

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2 years ago

Which of the following items is reported on the statement of cash flows under financing activities?a. Declaration of a cash divi

denpristay [2]

Answer:

B. Payment of cash dividend

Explanation:

Payment of stock dividend, declaration of cash dividend or stock split does not involve outflow of cash. Hence, they do not form part of cash flow statement.

A stock dividend is a dividend payment made in the form of additional shares rather than a cash payout.

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2 years ago

QUESTION 11 Given the following information, calculate the equity dividend rate for this investment: first-year NOI: $18,750; be

Alja [10]

Answer: D. 2.2%

Explanation: Equity Dividend Rate is calculated by dividing the Before Tax Cash Flow by the Acquisition price. If you need the answer in percentage form, you then multiply by 100.

Here, before-tax cash flow = $11,440

Acquisition price = $520,000

So Equity Dividend Rate = $\frac{11440}{520000}$ X 100

Equity Dividend Rate = 2.2%

In this question, you do not need the Net Operating Income (NOI). You only need the NOI if the Before Tax Cash Flow is not given and the debt service payment is. If this is the case, you subtract the debt service payment from the NOI to get the Before Tax Cash Flow.

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2 years ago

Chester has negotiated a new labor contract for the next round that will affect the cost for their product City. Labor costs wil

Dmitriy789 [7]

Answer:

Find attached complete question:

Option A 1452 units

Explanation:

The increase in labor cost=$3.39-$2.89=$0.50

Half of the increase would reflect as increase in price i.e$0.25

Current price is $16

new price is $16+$0.25=$16.25

contribution margin =selling price -variable cost

currently units sold=$30,875/$16= 1,930

Current contribution per unit=$11,401/1930=$5.91

new contribution per unit would reduce by $0.25 i.e $5.91-$0.25=$5.66

breakeven in units=period cost/contribution margin per unit

period cost is $8346

breakeven units=$8346/$5.66=1475 units

The closest option is A 1452 units,the difference could be due to rounding error

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4 0

2 years ago

Total revenue for producing 8 units of output is $48. Total revenue for producing 9 units out output is $63. Given this informat

Firlakuza [10]

Answer:

D. Marginal revenue for producing the 9 units is $15

Explanation:

TR(8) = $48

TR(9) = $63

MR(9) = TR(9) - TR(8) = $63 - $48 = $15

AR(8) = TR(8) / 8 = $48/8 = $6

AR(9) = TR(9)/9 = 63/9 = $9

Note: TR=Total revenue, AR= Average Revenue and MR=Marginal Revenue

So, the only correct option is option d

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1 year ago