Answer:
Social entrepreneur
Explanation:
Typically, a Social entrepreneur differs from other types of entrepreneurs in the sense that profit is not their main motivator but been able to impact their immediate communities by solving their identified social problems.
Some training skills needed by entrepreneurs include;
accounting and bookkeeping knowledgemanagerial skillInformation and communication technology trainingworkplace communication skilltime management skillrisk tolerance skill, etcA free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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How can expansionary and contractionary tax policies be used to manage the economy? Be sure to answer in two to three sentences.
Answer:
Expansionary and contractionary policies can be used to encourage or discourage economic growth. Expansionary policies generally lower taxes and give consumers and producers additional money, which encourages spending and growth. On the other hand, contractionary policies generally raise taxes, which can give consumers and producers less to spend. This can cause less economic growth.
Customer aquisistion can be costly in many cases. However, in today's environment, there are many creative ways to lessen the cost of customer aquisition. What are some of the more cost effective ways an entrepreneure can aquire customers to build their business?
Entrepreneurs can acquire customers in cost-effective ways by employing the power of digital marketing and using word of mouth referrals from satisfied customers.
Content marketing strategies, similar as regular blog posts, can help to establish the entrepreneur as an authority in their Industry and attract business to their website. offering discounts or referal bonuses to current clients who bring in new business can be a largely effective way to expand the client base.
Eventually, attending industry events and conferences, networking with professionals and possible customers, and sharing in online industry forums can help to make brand awareness and reach new customers.
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Importance of integrating hr function with strategic organisational goals
Explanation:
Aligning HR with business strategy can boost employee satisfaction and performance, ensure teams are aligned to help the business achieve its strategic objectives, and increase their influence and decision-making power across the organization.
Business success requires the HR function to be integrated with strategic company goals. Achieving strategic alignment between HR's efforts to recruit, develop, and retain elite personnel and the organization's goals helps boost overall company performance.
HR function is in charge of managing a company's talent, which includes recruiting, fostering, and educating staff members. When the organization's strategic goals are aligned, the HR department can ensure that the required staff is in place to help achieve those goals. Organizational Culture: HR play a significant role in establishing the organizational culture. When HR is linked with the organization's strategic goals, it may help create a culture that supports those goals. Performance management plans that are in line with the goals of the organization must be developed and implemented by HR. Cost Management: HR is also in charge of managing costs associated with employee compensation and benefits.
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You will prepare a SWOT analysis using James Avery . As a reminder, your company's strengths and weaknesses are internal, issues you have control over and can modify. Opportunities and threats are external; matters going on outside your company, in the larger global market
James Avery's strengths lie in its strong brand image, product differentiation, and customer loyalty, but it faces weaknesses in limited international presence and production constraints, while opportunities lie in market expansion and customization, and threats include intense competition and changing consumer preferences.
SWOT Analysis of James Avery:
Strengths:
Strong Brand Image: James Avery has a well-established and recognized brand known for its high-quality craftsmanship and unique designs.
Product Differentiation: The company offers a wide range of handcrafted jewelry pieces, allowing it to stand out in the market and cater to diverse customer preferences.
Customer Loyalty: James Avery has a loyal customer base due to its reputation for superior customer service, personalized shopping experiences, and long-lasting jewelry.
Vertical Integration: The company controls its entire production process, from design to manufacturing, ensuring quality control and efficient operations.
Retail Presence: With over 90 retail stores and a strong online presence, James Avery has a widespread reach, providing convenient access to its products.
Weaknesses:
Limited International Presence: The company primarily operates within the United States, limiting its exposure to global markets and potential customers.
Relatively High Price Point: James Avery's handcrafted jewelry often comes with a higher price tag compared to mass-produced alternatives, potentially limiting its market share among price-sensitive customers.
Dependency on Traditional Designs: While the company's traditional designs have been popular, there is a need to continually innovate and adapt to changing fashion trends to appeal to a wider audience.
Production Constraints: Handcrafted jewelry production can have limitations in terms of scalability and speed, which may affect the company's ability to meet increasing demand.
Opportunities:
Market Expansion: James Avery can explore international markets and expand its retail footprint to reach a larger customer base.
Online Sales Growth: The company can capitalize on the growing e-commerce trend by enhancing its online platform and digital marketing strategies.
Customization and Personalization: Offering customizable jewelry options can attract customers seeking unique and personalized pieces.
Collaboration and Partnerships: Collaborating with fashion designers or influencers can help James Avery reach new audiences and create exclusive collections.
Threats:
Intense Competition: The jewelry industry is highly competitive, with both traditional and online retailers vying for market share.
Economic Factors: Economic fluctuations, recessions, or changes in consumer spending patterns can impact discretionary purchases like jewelry.
Counterfeit Products: The presence of counterfeit jewelry in the market poses a threat to James Avery's brand reputation and sales.
Changing Consumer Preferences: Shifting fashion trends or evolving consumer preferences may require the company to adapt its designs and offerings to stay relevant.
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One instance of a political or legal trend is the maturing of the "Millennials" cohort in
the United States.
True
False
True. The maturing of the "Millennials" cohort in the United States is an instance of a demographic trend, which can have political and legal implications as this generation becomes a larger portion of the population and gains more influence in society.
What are MillennialsMillennials are a generation of people born between the early 1980s and the mid-1990s or early 2000s, depending on the source. They are also sometimes referred to as Generation Y. Millennials are known for growing up during a time of rapid technological advancement, globalization, and social change.
They are the first generation to have grown up with easy access to the internet, social media, and smartphones, which has shaped their attitudes, behaviors, and worldview.
The values, beliefs, and priorities of the Millennial generation are likely to shape the political and legal landscape in the years to come.
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On December 31, 2021, L Inc. had a $2,000,000 note payable outstanding, due July 31, 2022. L borrowed the money to finance construction of a new plant. L planned to refinance the note by issuing long-term bonds. Because L temporarily had excess cash, it prepaid $550,000 of the note on January 23, 2022. In February 2022, L completed a $3,500,000 bond offering. L will use the bond offering proceeds to repay the note payable at its maturity and to pay construction costs during 2022. On March 13, 2022, L issued its 2021 financial statements. What amount of the note payable should L include in the current liabilities section of its December 31, 2021, balance sheet
Answer:
$550,000
Explanation:
Based on the information given we were told that the company temporarily had excess cash in which the company prepaid the amount of $550,000 of the note because the company had planned to refinance the note by issuing long-term bonds which means that the amount of the note payable that the company should include in the current liabilities section of its December 31, 2021, balance sheet will be the amount of $550,000 which represent the prepaid amount reason been that any amount that was been excluded as current Liabilities amount due to refinancing cannot in any way be greater than the amount that was actually refinanced in the nearest future.
What elements should an ideal CRR plan include?
The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development
A CRR report: what is it?The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.
What is CRR's emergency response?Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.
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what are the challenges associated with not being ‘tech savvy’ in 2023?
As the world keeps advancing technologically, being tech-savvy becomes increasingly important. However, not being tech-savvy in 2023 may pose a lot of challenges. Some of these challenges are :Job Market, Learning,Communication,Security.
Job Market: In 2023, there will be more tech-based jobs than there currently are. Being not tech-savvy would make it difficult for an individual to secure employment in such sectors. This means that those who are not tech-savvy would be limited to jobs that require no technical skills.Learning: Due to the increased importance of technology, those who are not tech-savvy would find it challenging to learn new things. This means that they would be unable to benefit from new technology, apps, and software that are released in the market. They may also face difficulties while navigating technology-based environments.Communication: In 2023, communication will be more technology-driven than ever before. Those who are not tech-savvy may find it challenging to communicate with others effectively. This may lead to miscommunication and misunderstandings which could impact personal and professional relationships.Security: Cybersecurity is a significant concern in today's world. Not being tech-savvy could make it difficult for an individual to secure their information, devices, and accounts. This could lead to loss of data, identity theft, and other forms of cybercrime.In conclusion, being tech-savvy in 2023 is essential to success, as the world will be driven by technology. Those who do not embrace technology may find themselves limited in terms of employment opportunities, communication, and personal security.
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Search to find any summary about the company that mentions funds for starting the business.
Look to see what kinds of products or services will be involved with the business.
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section. Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
After conducting research on the internet, a summary about a company that mentions funds for starting the business, employee data, and products or services that the company provides compared to other similar business plans has been found.
The company’s name is K-12 Business Education Services and they specialize in providing online business courses to K-12 schools. Their courses are designed to help students learn about business principles such as marketing, finance, accounting, and entrepreneurship. The company’s business plan indicates that they have received funding from several sources including angel investors, venture capitalists, and bank loans. They also have a team of experienced employees who have been in the business education industry for many years. According to the company’s website, they offer a wide range of courses that are designed to be engaging and interactive. Students can learn at their own pace and can complete their coursework from anywhere with an internet connection. The courses are also designed to be affordable, which makes them accessible to a wider range of students. In comparison to other similar business plans, K-12 Business Education Services is unique in that they offer a comprehensive range of courses that are designed specifically for K-12 students. Other similar business plans tend to focus on providing courses for adult learners or students who are already enrolled in college. Additionally, K-12 Business Education Services has received funding from several sources, which indicates that they are a promising start-up that has the potential to grow and expand in the future.For such more question on entrepreneurship
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Which option best completes the diagram showing the effects of economic
growth on businesses?
Economic growth
increases
?
A. Opportunity cost increases
B. Capital investment decreases
C. Productivity increases
O D. Productivity decreases
C) Productivity Increases
Explanation:
same thing the guy below did
On December 31, 2015, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2016. On February 28, 2016, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dowâs net income for the year ended December 31, 2016, was $2,100,000.
The income tax rate is 40%.
As part of an incentive compensation plan, Dow granted incentive stock options to division managers at December 31 of the current and each of the previous two years. Each option permits its holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year from that date. Information concerning the number of options granted and common share prices follows:
Date Granted (adjusted for the stock dividend) Options Granted Share Price
31-Dec-14 8,000 $24
31-Dec-15 3,000 $33
31-Dec-16 6,500 $32
Required:
Compute Dowâs earnings per share for the year ended December 31, 2016.
Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
First step is to compute common shares on January 1 to December 31
Common shares on January 1 to December 31 = 600,000 ×(1 + 0.04) × (12/12)
Common shares on January 1 to December 31 = 600,000 × 1.04 ×1
Common shares on January 1 to December 31 =624,000
Second step is to compute common shares on February 28 to December 31
Common shares on February 28 to December 31 = 60,000 × (1 + 0.04) × (10/12)
Common shares on February 28 to December 31= 60,000 ×1.04 × (10/12)
Common shares on February 28 to December 31= 52,000
Third step is to compute number of repurchased shares on July 1 to December 31
Number of repurchased shares on July 1 to December 31 = 2,000 × (6/12)
Number of repurchased shares on July 1 to December 31 = 1,000
Fourth step is to compute number of weighted shares
Number of weighted shares=624,000 + 52,000- 1,000
Number of weighted shares= 675,000
Fifth step is to compute the earning per share
Earnings per share = (Net income - Preferred dividend) / Number of weighted shares
Earnings per share= ($2,100,000 - $75,000) / 675,000
Earnings per share= $2,025,000 / 675,000
Earnings per share=$3 per share
Inconclusion Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
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The volatility of a non-dividend-paying stock whose price is $78, is 30%. The risk-free rate is 3% per annum (continuously compounded) for all maturities. Calculate values for u, d, and p when a two-month time step is used. What is the value of a four-month European call option with a strike price of $80 given by a two-step binomial tree. Suppose a trader sells 1,000 options (10 contracts). What position in the stock is necessary to hedge the traders position at the time of the trade
Purchasing 500.00 shares of the non dividend paying stock is necessary to hedge the traders position at the time of the trade
What is Stock hedging?Stock hedging means the act of buying investment which are designed to reduce the loss risk from another investment.
T = 4 months = 4/12 = 1/3 year
n = 2
t = T/n = 2/2 = 2 months = 2/12 = 1/6 years
u = 1.1303
d = 1/u = 1/1.1303 = 0.8847
p = (ert - d) / (u - d)
p = (e^3% x 1/6 - 0.8847) / (1.1303 - 0.8847)
p = 48.98%
Su = S0 x u
Su = 78 x 1.1303
Su = 88.16
Sd = S0 x d
Sd = 78 x 0.8847
Sd = 69.01
Suu = u x Su
Suu = 1.1303 x 88.16
Suu = 99.65
Sud = Su x d
Sud = u x Sd
Sud = 78
Sdd = d x Sd
Sdd = 61.05
Cuu = max (Suu - K, 0)
Cuu = max (99.65 - 80, 0)
Cuu = 19.65
Cud = max (Sud - K, 0)
Cud = max (78 - 80, 0)
Cud = 0
Cdd = max (Sdd - K, 0)
Cdd = max (671.05 - 80, 0)
Cdd = 0
Cu = [p x Cuu + (1 - p) x Cud]e-rt
Cu = [48.98% x 19.65 + (1 - 48.98%) x 0]e-3% x 1/6
Cu = 9.58
Cd = [p x Cud + (1 - p) x Cdd]e-rt
Cd = 0
Value of a four-month European call option = [p x Cu + (1 - p) x Cd]e-rt = [48.98% x 9.58 + (1 - 48.98%) x 0]e^-3% x 1/6
Value of a four-month European call option = 4.67
Since the trader has sold call options, he need to buy:
= (Cu - Cd) / (Su - Sd) * N
= (9.58 - 0) / (88.16 - 69.01) * 1,000
= 500.00 shares.
In conclusion, purchasing 500.00 shares of the non dividend paying stock is necessary to hedge the traders position at the time of the trade.
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assume your goal is to have $2 million in your retirement account on the day you retire. to fund this goal, you will make one lump-sum deposit today. if you plan to retire rather than and you earn a rate of interest, then you can deposit a smaller lump-sum today.
To reach a goal of $2 million in your retirement account on the day you retire, you will need to make a lump-sum deposit today.
The amount of the lump-sum deposit will depend on the rate of interest you expect to earn on the account. For example, assume you expect a rate of return of 5% on your investments over the next 40 years. In this case, you would need to deposit approximately $440,000 today in order to reach your goal of $2 million.
You may also want to review your retirement plan periodically to make sure it is still on track to meet your goals. You can use an online retirement calculator to estimate how much you need to save each year in order to reach your goal. You can also adjust the rate of return and other factors to get an idea of how different scenarios might affect your retirement savings.
Finally, you should also consider investing in a mix of assets to reduce risk and create a more well-rounded portfolio.
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In St. Bobo, the government decided to build a bridge instead of a Hospital. The opposition said the hospital should have been built first.
What is the opportunity cost of building the bridge?
Based on the explanation provided below, the opportunity cost of building the bridge is the hospital.
What is the meaning of opportunity cost?Opportunity cost refers to an alternative or an activity that is lost, forgone, or given up when another alternative or activity is chosen.
From the question, the opportunity cost of building the bridge is the hospital.
This is because the hospital is the alternative activity that will be given up, while the bridge will be chosen and built.
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A woman who weighs approximately 180 pounds has two "double" mixed drinks in one hour. Which of the following is CORRECT?
The correct option is that she is likely intoxicated.
What happened due to the drinkingThe effect of alcohol consumption can vary depending on factors such as body weight, tolerance, metabolism, and the specific alcoholic beverages consumed.
Given that the woman in question has had two "double" mixed drinks in one hour, it is possible that she may be impaired or experiencing some level of intoxication.
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A woman who weighs approximately 180 pounds has two "double" mixed drinks in one hour. Which of the following is CORRECT?
•
She is impaired
•
She is not intoxicated.
•
She is likely intoxicated.
She is possibly impaired.
Allen deposits $2,000 in his local bank. He earns 2 percent interest each year on his deposit. Jessica borrows $1,000 from the same bank. She is charged a 7 percent interest rate on the borrowed money. How do these bank practices affect the money supply in the community?
A. In Allen's case, but not Jessica's, the money supply decreases.
B. In both Allen's and Jessica's cases, the money supply decreases.
C. In Jessica's case, but not Allen's, the money supply stays the same.
D. In neither Jessica's nor Allen's case does the money supply increase.
Answer:
A is the correct answer,
Explanation:
I got it right on the test
Which statements apply to a certificate of deposit (CD)? Choose two answers.
It is always purchased as a short-term investment.
It can be purchased from a banking institution.
It is always purchased as a long-term investment.
It can be purchased for almost any amount.
It is purchased through an individual's employer.
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution.It can be purchased for almost any amount.What is a certificate of deposit?A certificate of deposit is a low-risk investment where the owner fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued.
Banks and credit unions are main financial institutions known for issuing certificates of deposits.
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Answer:
B,D
Explanation:
In year 1 the price level is constant and the nominal rate of interest is 6 percent. But in year 2 the inflation rate is 3 percent. If the real rate of interest is to remain at the same level in year 2 as it was in year 1, then in year 2 the nominal interest rate must fall by 3 percentage points. rise by 9 percentage points. rise by 6 percentage points. rise by 3 percentage points.
The nominal interest rate will rise by 3%.
Nominal interest rate is the sum of real interest rate and inflation rate. Real interest rate is interest rate that has been adjusted for inflation. Inflation is the persistent rise in general price levels.
Nominal interest rate in year 2 = real interest rate + inflation rate
6% + 3% = 9%
Nominal interest rate in year 1 = 6%
Change in nominal interest rate = 9% - 6% = 3%
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how do you access custom fields in qbo
Answer:
Explanation:
To access custom fields in QuickBooks Online (QBO), you can follow these steps:
Log in to your QBO account and navigate to the Sales or Expense Transactions tab, depending on where the custom field is located.
Click on the transaction you want to view, and scroll down to the bottom of the page.
You will see the custom field(s) listed under the "Custom Fields" section. Click on the field name to view or edit the information.
To add a custom field, go to the Gear icon > Custom Form Styles > Edit > Content > Fields > Custom Fields.
Click on "New Custom Field" to create a new custom field.
Enter the name of the field and choose the type of field (e.g. text, checkbox, date).
Click "Save" to add the custom field to your QBO account.
Once you have added custom fields, they will be available for you to use on transactions in QBO. You can use these fields to track additional information that is not included in the standard QBO fields.
7. What is not an example of a spending mistake?
A Paying only the minimum payments on your credit card each month.
B Spending more than you make.
C Paying all of your bills on time. W
D Paying your cable bill late.
One of the mentioned assumptions of portfolio management theory is that investors are rational. A
rational investor:
Answer:
Prefers a higher return for a given risk and prefers a lower risk for given return.
Explanation:
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Tidy Service Company performed cleaning services during December 2019, but had not collected any cash from its customers as of December 31, 2019. What impact did performing these services have on the accounting equation
Answer:
The service increased assets and increased stockholders' equity
Explanation:
Based on the information given the impact that
did performing these services have on the accounting equation will be THE SERVICE INCREASED ASSETS AND INCREASED STOCKHOLDERS' EQUITY reason been that
when Performing the services will help to generate revenue,
1. A creditor's claim to the property of an individual or business is called
a. an equity
b. an asset
ca liability
d. a credit
Answer:
c. liabilities.
Explanation:
liabilities are the creditors claims to the assets of the business/property.
A country wants to promote economic growth by giving companies more
freedom. It cuts taxes on corporations, eliminates environmental regulations,
and makes it easier to start new businesses. The government tries to limit its
involvement in economic issues as much as possible.
This situation best reflects the influence of which economic thinker?
A. John Maynard Keynes
B. Karl Marx
C. Adam Smith
D. Thomas Robert Malthus
Answer: Adam Smith
Explanation: Considered a modern economist, Adam Smith was of the view that the government's main jobs are national security, civil law enforcement, and involvement in public work. He was against restrictions and interferences of the government in market activities giving a free hand to companies for operating and thus contributing to economic growth.
Many U S citizen are stimulated by change and thrive on new opportunities. Theses citizens probably have a high level of acceptance for which dimension of cultural differences
The dimension of cultural difference that the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for is the dimension of uncertainty avoidance.
Uncertainty avoidance is the level of an individual's resistance or tolerance to ambiguity or anxiety-provoking situations in new or uncertain conditions.
In certain nations, the capacity to deal with ambiguity is a key personality attribute. On the other hand, in certain cultures, the capacity to withstand ambiguity is not considered essential.
Hence, the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for the dimension of cultural differences.
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A(n) __________ occurs when one party fails to follow the terms of a contract.
breach of contract
discharge of obligation
obligation failure of enforcement
infringement of contract
Answer:
A breach of contract
Explanation:
A breach of contract occurs when one party fails to follow the terms of a contract
Answer:
breach of contract
Explanation:
Breach occurs when a party to a contract fails to fulfill its obligation(s), whether partially or wholly, as described in the contract, or communicates an intent to fail the obligation or otherwise appears not to be able to perform its obligation under the contract.
Michael's Machine Shop reports the following information for the quarter.
Sales price $70
Fixed costs (for the quarter)
Selling and administrative 47,620
Production 142,860
Variable cost (per unit)
Materials 18
Labor 15
Plant supervision 8
Selling and administrative 9
Number of units (for the quarter) 23,810 units
Required:
Select the answer for each of the following costs.
a) Variable cost per unit.
b) fixed cost amount
c) breakeven point
d) expected sales
Answer:
Results are below.
Explanation:
First, we need to calculate the variable cost per unit:
Variable cost per unit= Materials + Labor + Plant supervision + Selling and administrative
Variable cost per unit= 18 + 15 + 8 + 9
Variable cost per unit= $50
Now, the fixed cost:
Fixed costs= Selling and administrative + Production
Fixed costs= 47,620 + 142,860
Fixed costs= $190,480
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 190,480 / (70 -50)
Break-even point in units= 9,524
Finally, the expected sales:
expected sales= 23,810*70
expected sales= $1,666,700
Tahani is explaining to her mother why transferable skills are important in career planning. What is the BEST way to explain transferable skills?
The best way to explain transferable skill is Transferable skills, or portable skills, are all the skills that you take with you from one job to another. The ability to clearly communicate ideas to others, solve unexpected problems, or work well in a team are all examples of transferable skills.
Transferable skills, also known as portable skills, are any skills that you can take from one job to another. Transferable skills include the ability to clearly communicate ideas to others, solve unexpected problems, and work well in a team.
While technical skills enable you to complete specific technical tasks, such as coding in Python or creating wireframes for UX design, transferable skills ensure that you do your job well. As a result, employers highly value transferable skills: after all, a programmer who can work well in a team is likely more valuable than a programmer who cannot code well with others.
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