Business, 12.10.2020 19:01 rodrickahammonds
1. Your sister is a food connoisseur. She was with you when you visited Spain last year and sees the potential success of starting an olive importing business in Toronto. Your sister excels at finance and accounting. You know you can trust her. However, this was originally your idea. You may not have the business sense that your sister does, but you are really good at making contacts and have already developed the networks necessary for success.
a) What type of business ownership is most suitable to you? Identify your choice of business, explaining why you feel it is best. Include one pro and one con of this type of business ownership.
b) Success! You have sold about $600 of imported olives so far. Your total cost to run this business was $250.
i) What was your total profit:
ii) Now that you have made a profit. What are 2 things you will do with this revenue?
iii) Unfortunately there are many competitors in this industry! What will happen to the DEMAND for your product? What will happen to the price?
iv) What is something that you can do to help your business succeed? (Be specific here by using examples)
PLEASE PLEASE HELP ME!! ITS DUE IN 2 HOURS
Answers: 1
Another question on Business
Business, 22.06.2019 07:40
The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $
Answers: 1
Business, 22.06.2019 11:00
You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)
Answers: 3
Business, 22.06.2019 18:00
Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan
Answers: 2
Business, 23.06.2019 02:10
Make or buy eastside company incurs a total cost of $120,000 in producing 10,000 units of a component needed in the assembly of its major product. the component can be purchased from an outside supplier for $11 per unit. a related cost study indicates that the total cost of the component includes fixed costs equal to 50% of the variable costs involved. a. should eastside buy the component if it cannot otherwise use the released capacity? present your answer in the form of differential analysis. use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers. cost from outside supplier $answer variable costs avoided by purchasing answer net advantage (disadvantage) to purchase alternative $answer b. what would be your answer to requirement (a) if the released capacity could be used in a project that would generate $50,000 of contribution margin? use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers.
Answers: 2
You know the right answer?
1. Your sister is a food connoisseur. She was with you when you visited Spain last year and sees the...
Questions
Computers and Technology, 07.12.2019 01:31
