Answer:
Liabilities = $400
Explanation:
The basic accounting equation that is used states that the value of total assets is always equal to the value of the sum of total liabilities and total equity. The we can state the equation as,
Assets = Liabilities + Equity
To calculate the value of liabilities, we input the available value of assets and equity in the equation.
1000 = Liabilities + 600
1000 - 600 = Liabilities
Liabilities = $400
Santo Corporation declares and distributes a cash dividend that is a result of current earnings. How will the receipt of those dividends affect the net income of the investor under the Fair Value Method and the Equity Method, respectively?
Answer:
Under the equity method, cash dividends reduce the carrying value of the investment account (asset account), they are not considered income. For e.g.
Journal entry to record investment
Dr Investment in Santo Corporation 100,000
Cr Cash 100,000
Journal entry to record cash dividend
Dr Cash 5,000
Cr Investment in Santo Corporation 5,000
Under the fair value method, cash dividends are considered income, therefore, they increase net income. For e.g.
Journal entry to record investment
Dr Investment in Santo Corporation 100,000
Cr Cash 100,000
Journal entry to record cash dividend
Dr Cash 5,000
Cr Dividend income 5,000
34. Northwest Lumber had a profit margin of 5.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?
Answer:
14.18%
Explanation:
Calculation for the Return on Equity
Using this formula
Return on equity = Profit margin×Totyal assets turnover × Equity multiplier
Let plug in the formula
Return on equity = 5.25 × 1.5 × 1.8
Return on equity = 14.18%
Therefore the Return on equity will be 14.18%
According to globalization opponents, what has increased in wealthy advanced economies as a result of globalization
Answer: A. unemployment
Explanation:
Globalization opponents in developed countries believe that unemployment has increased in developed countries due to globalization.
They point to the importation of goods and services at a cheaper rate than would have been produced in the developed country thereby causing factories and firms that produce said goods and services to either reduce their workforce or close down to avoid making losses.
Some companies such as Nike also preferred to outsource their production to developing areas like South-east Asia to reduce labor costs. These were jobs that opponents of globalization believe would have remained in developed countries if not for globalization.
Which one of the following is not something that shapes the fundamental character of a company's corporate culture?
A. The nature and character of the actions the company is taking to improve the performance of its value chain activities
B. How managers and employees interact and relate to one another and the atmosphere and spirit that pervades the company's work climate
C. The core values, ethical standards, and business principles that executives preach and practice
D. The strength of peer pressures to do things in particular ways and conform to expected norms .
E. The company's approach to people management and the company's revered traditions and oft-repeated stories about "heroic acts" and "how we do things around here and why we do them that way
Answer:
A. The nature and character of the actions the company is taking to improve the performance of its value chain activities
Explanation:
The corporate culture of a company is essential for a company to be well positioned in the market.
It is defined as the set of guidelines that will guide the behavior of the employees of an organization, therefore it is composed of the set of policies, rules, procedures, behaviors, values, etc., that bring identity to a company and helps the practice of ethical values and promotion development of each employee.
Therefore, all the alternatives in the question above are adequate to the organizational culture, except for the letter A, which corresponds to the nature and character of the actions that the company is taking to improve the performance of its value chain activities, since the management of the supply chain A company's value will improve the way the processes in the organization are carried out to generate value for the customer.
A non-regulatory trading halt has been initiated on the NYSE due to an order imbalance. Which statement is TRUE
Answer: B. Other markets in the U.S. may still trade XYZ stock
Explanation:
A Non-regulatory trading halt is one that occurs due to a 7% drop in the S&P 500 Index. When this happens, all stock markets in the US are to halt trade.
This is very theoretical however because in reality, when this happens, traders can simply trade on other markets in the US including regional exchanges, Third Market Makers and Electronic Communication Networks.
Which of the following is NOT a standard approach to writing body copy? A) straightforward B) narrative C) alliteration D) translation E) explanation
Answer:
C. Alliteration
Explanation:
Hope this helps!
The main problem with relying on contracts to reduce opportunistic behavior by alliance partners is that a) in cross-border alliances, the contracts are often not enforceable due to differences in legal systems. b) contracts create motivations for rule-evading behavior. c) contracts are ignored by opportunistic firms because the cost of enforcing the contract is too great for the other partner. d) it is impossible to specify all opportunistic actions by an alliance partner.
Answer: d. it is impossible to specify all opportunistic actions by an alliance partner
Explanation:
A strategic alliance is simply an agreement that takes place between two or more parties in order to pursue a certain goal even though they still remain independent organizations.
The main problem with relying on contracts to reduce opportunistic behavior by alliance partners is that it is
impossible to specify all opportunistic actions by an alliance partner.
A firm can produce steel with or without a filter on its smokestack. If it produces without a filter, the external costs on the community are $ 500,000 per year. If it produces with a filter, there are no external costs on the community, and the firm will incur an annual fixed cost of $ 300,000 for the filter. Use the Coase Theorem to answer how costless bargaining will lead to a socially efficient outcome, if the property rights are owned by the community. A. the community will have an incentive to pay the firm some price above $ 300,000 (perhaps $ 499,999) to induce the firm to install the filter. B. The firm would install the filter at a cost of $ 300,000. C. the socially efficient outcome is for the firm to not install the filter
Answer: B. The firm would install the filter at a cost of $ 300,000.
Explanation:
If the community owns the property rights, they would be able to demand that the firm pay the external cost of $500,000 per year.
If on the other hand the company installed a filter, it would cost them $300,000 but then they would not have to pay the community the $500,000.
The lower cost option would be to install the filter for $300,000 which is what the firm would do.
_____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness.
Answer:
Price of Capital goods
Explanation:
The prices of capital good increases in anticipation of an economic boom and falls faster when approaching economic fall. Consumer goods are immune to economic cycles. Financial stock movement does not have any clear patterns with economic cycles.
An industry experiences a technological advance that improves productivity. This change will result in a(n):
Answer:
decrease in marginal cost for firms in the industry and an increase in the industry supply curve
Explanation:
Supply is the ability of suppliers to produce goods to meet demand for that good at a particular period in time.
There will be an increase in demand when procedures for production are more efficient and when cost reduces.
In this case where there is a technological advance that improves productivity, the suppliers will be able to produce more goods at less cost.
So marginal cost will decrease because of the improved technology and supply will increase because of more efficient process of production.
Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2016, the first year of operations, Jackson produced 4,000 tons of plastic and sold 3,500 tons. In 2017, the production and sales results were exactly reversed. In each year, the selling price per ton was $2,000, variable manufacturing costs were 15% of the sales price of units produced, variable selling expenses were 10% of the selling price of units sold, fixed manufacturing costs were $2,800,000, and fixed administrative expenses were $500,000.
Prepare income statements for each year using absorption costing.
Answer:
Instructions are below.
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary production cost:
Unitary fixed overhead= 2,800,000/4,000= $700
Unitary cost= (2,000*0.15) + 700= $1,000
Income statement:
Sales= 3,500*2,000= 7,000,000
COGS= 3,500*1,000= (3,500,000)
Gross margin= 3,500,000
Total selling expenses= (7,000,000*0.1)= (700,000)
Total administrative expenses= (500,000)
Net operating income= 2,300,000
You apply thru email for a job as a mystery shopper and you get the job. Your first assignment: deposit a $3,000 check from your new employer and use $2,500 of the funds to send money using a money transfer service to an account named by the employer; then, evaluate the service. You are told to keep the extra $500 as your fee. Little do you realize, but if you are not careful you are about to lose $2,500 to a fraud. Describe how the fraud is committed and how to prevent this from actually happening to you.
Answer:
The fraudster is basically using forged or fake checks that if they are lucky enough will be paid by the bank. So if you deposit the check (and the fraudster is lucky) in a couple of days you will have $3,000. Then you transfer $2,500 to the fraudster's account and keep $500 as your pay. But what happens when the account owner tells the bank and the police that the check was forged, or stolen, or fake? Then you will be in trouble and will probably end up returning the entire $3,000.
The easiest way to check if this is a scam or not is to report the check to the bank and make them verify if the check is good or not.
Phoenix Agency leases office space for $7,700 per month. On January 3, Phoenix incurs $105,600 to improve the leased office space. These improvements are expected to yield benefits for 10 years. Phoenix has 8 years remaining on its lease. Compute the amount of expense that should be recorded the first year related to the improvements. a) $7,700 b) $20,900 c) $18,260 d) $10.560
Answer:
$13,200 per year
Explanation:
Amount incurred to improve the office space = $
Improvement expected to yield benefit = 10 years
Remaining life on it's lease = 8 years
Since the office space is not going to remain with Phoenix after the lease period, it means that the improvement expenses will be expensed over the remaining lease period I.e 8 years.
Therefore, the amount of expense that should be recorded the first year related to improvements can be calculated as;
= Amount incurred to improve the office space ÷ remaining life on its lease
= $105,600 ÷ 8
= $13,200 per year
Reeve has worked as an administrator with employer-sponsored health insurance at Big Company for 10 years and has been diagnosed with a serious heart condition. An offer for a great job at Up and Coming Company with great opportunities for advancement, although it pays slightly less, has been extended to Reeve. Up and Coming has health insurance, but the insurance coverage excludes any preexisting health condition for six months. Reeve says that taking the job at Up and Coming would make continuing health insurance from Big Company unaffordable. Up and Coming wants Reeve to start immediately. What would you advise Reeve to consider?
Answer:
My advice would be for Reeve to take up the job offer at Up and Coming Company and engage in the private health insurance of himself pending when he would be eligible to be enrolled in a sponsored health insurance in his new company.
Explanation:
Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departmentslong dashMixing, Refining, and Packaging. On January 1, the first departmentlong dashMixinglong dashhad no beginning inventory. During January, 47,000 fl. oz. of chemicals were started in production. Of these, 38,000 fl. oz. were completed, and 9,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. At the end of January, the equivalent unit data for the Mixing Department were as follows: UNITS Equivalent Units Equivalent Units Units to be accounted for Direct Materials Costs Conversion Costs Completed and transferred out 38,000 38,000 38,000 Ending workminusinminusprocess* 9,000 9,000 3,960 47,000 47,000 41,960 * Percent complete for conversion costs: 44% In addition to the above, the cost per equivalent unit were $ 1.35 for direct materials and $ 5.20 for conversion costs. Using this data, calculate the full cost of the ending WIP balance in the Mixing Department. The weightedminusaverage method is used.
A. $ 63,450
B. $ 41,960
C. $ 32,742
D. $ 12,150
Answer:
C. $ 32,742
Explanation:
The cost per equivalent unit were $ 1.35 for direct materials and $ 5.20 for conversion costs.
The Ending Work In Process has Equivalent Units 9000 complete as to materials and 44% complete as to Conversion Costs.
So the costs will be
Materials = 9000 *100% * $ 1.35 = $ 12150
Conversion = 9000 * 44% * 5.20 = $ 20592
Total Costs $ 32742
The Ending Work in Process costs are found by multiplying the unit costs with the Equivalent number of units multiplied with the percentage of completion.
All of the following would decrease demand for furry boots except: A. the price of shoes goes down. B. people prefer boots without fur. C. the price of furry boots goes up. D. people expect the boots to go out of style soon. E. a very warm winter has been forecasted.
Answer:
The correct answer is:
the price of shoes goes down. (A)
Explanation:
The most important determinant of demand is price. An increase in price without accompanying income to the consumer leads to a reduction in demand because more money is needed to purchase a unit of the product hence to make up for the change, the quantity demanded (purchased) reduces. On the other hand, if the price reduces, the consumer spends lesser for the same units of product, therefore he/she can afford more quantity with the same price, hence demand increases. Therefore if the price of furry boots go down, the quantity demanded increases.
Which of the following could most likely have prevented the accounting scandals of the early 2000s and the global financial crisis?
A. Adopting a narrow shareholder perspective
B. Separating economic interests and social needs
C. Practicing effective corporate governance
D. Adopting the principles of shareholder capitalism
Answer:
C. Practicing effective corporate governance
Explanation:
Accounting scandals refer to the scandals of the business that occurs from the change in the financial statements that to be done in a deliberate manner also the disclosing information is misled. It involves an organization as a whole.
In order to prevent the accounting scandals and the global financial crisis it could practicing corporate governance in an effective manner
Hence, the correct option is C.
Imagine that you are holding 5,000 shares of stock, currently selling at $40 per share. You are ready to sell the shares but would prefer to put off the sale until next year for tax reasons. If you continue to hold the shares until January, however, you face the risk that the stock will drop in value before year-end. You decide to use a collar to limit downside risk without laying out a good deal of additional funds. January call options with a strike of $45 are selling at $2, and January puts with a strike price of $35 are selling at $3.
1. What will be the value of your portfolio in January (net of the proceeds from the options) if the stock price ends up at:
(a) $30
(b) $40
(c) $50
2. Compare these proceeds to what you would realize if you simply continued to hold the shares.
Answer:
1. What will be the value of your portfolio in January (net of the proceeds from the options) if the stock price ends up at:
(a) $30 ⇒ $170,000
(b) $40 ⇒ $195,000
(c) $50 ⇒ $220,000
call strike price $45
call premium received $2
put strike price $35
put premium paid $3
you pay $2 - $3 = -$1
stock price
$30 $40 $50
stock value $30 $40 $50
put value $5 - -
call value - - -$5
premium paid -$1 -$1 -$1
net stock value $34 $39 $44
total # of stocks 5,000 5,000 5,000
portfolio's value $170,000 $195,000 $220,000
2. Compare these proceeds to what you would realize if you simply continued to hold the shares.
if you hold the stocks:
(a) $30 ⇒ $150,000 - $170,000 = -$20,000 (you gain by using a collar)
(b) $40 ⇒ $200,000 - $195,000 = $5,000 (you lose by using a collar)
(c) $50 ⇒ $250,000 - $220,000 = $30,000 (you lose by using a collar)
Company expected to incur $9,450 in manufacturing overhead costs and use 4,500 machine hours for the year. Actual manufacturing overhead was $9,400 and the company used 5,050 machine hours.
1. Calculate the predetermined overhead allocation rate using machine hours as the allocation base.
_______ / _________ = Predetermined overhead allocation rate
________/ __________ = ____ per machine hour
2. How much manufacturing overhead was allocated during the? year?
________ x ________ = overhead allocated
________ x _________ = ____________
Answer:
1.Predetermined overhead allocation rate = $2.10 per Machine Hour
2.Overhead allocated = $10,605
Explanation:
1. Predetermined overhead allocation rate
using
Estimated manufacturing overhead costs / Estimated Machine Hours = Predetermined overhead allocation rate
=$9,450 / 4,500 Machine Hours = $2.10 per machine hour
Therefore,
Predetermined overhead allocation rate = $2.10 per Machine Hour
2. Manufacturing overhead allocated during the year
Actual Machine Hours Used x Predetermined overhead allocation rate = Overhead allocated
5,050 machine hours x $2.10 per Machine Hour = $10,605
Therefore,
Overhead allocated = $10,605
________ are industrial products that aid in the buyer's production or operations, including installations and accessory equipment.
A) Unsought products
B) Convenience products
C) Capital items
D) Specialty items
E) Repair items
Answer:
C) Capital items
Explanation:
Capital items are the goods that should have physical existence also it is to be used at the time of manufacturing the product and services. It involves various items like - building, equipment, tools, etc
These are not categorized into a finished goods but are used for making the finished goods
Therefore in the given situation, the option C is the most appropriate and hence the same is to be considered
Table: Marginal Analysis of Sweatshirt Production II:
Quantity of shirts Total Benefit (in dollars) Total Cost (in dollars)
0 $0 $0
1 16 9
2 32 20
3 48 33
4 64 48
5 80 65
Given the information above, the optimal quantity of sweatshirts that will be produced is. [Hint: Find out the MB and MC.]
a) 2
b) 3
c) 4
d) 5
Answer:
Optimal qauntity is 4 Units
Explanation:
Here, we have to decide quantity of production at which maximum profit can be generated. For this reason we will have to contruct a table which will help us to calculate Marginal Benefit and Marginal cost. This table is given as under:
Quantity Total benefit Marginal benefit Total Cost Marginal Cost
0 Units 0 0 0 0
1 Units 16 16 9 9
2 Units 32 16 20 11
3 Units 48 16 33 13
4 Units 64 16 48 15
5 Units 80 16 65 17
We can see that at 4 Units, marginal revenue is almost equal to marginal cost. At this level of production, we have maximum benefits generated which is:
Maximum Benefit Generated = ($16 - $9) + ($16 - $11) + ($16 - $13) + ($16 - $15) = $7 + $5 + $3 + $1 = $16 for 4 Units
We can also cross check by considering 5 units case to assess whether the benefit generated is more than 4 units case or not.
Maximum Benefit Generated (For 5 Units) = ($16 - $9) + ($16 - $11) + ($16 - $13) + ($16 - $15) + ($16 - $17) = $7 + $5 + $3 + $1 - $1 = $15 for 4 Units
As the maximum benefit generated in the case of 4 units is more because of using marginal revenue = Marginal Cost relation, hence the optimal quantity is 4 units.
Expected loss for an overbooking reservation strategy would be calculated by multiplying the loss for each no-show possibility and its probability of occurrence, and then adding the products.a) trueb) false
Answer: True
Explanation:
An overbooking strategy simply has to do with hotels booking more rooms than what is available because they know that some of the reservations will be cancelled.
The Expected loss for an overbooking reservation strategy would be calculated by multiplying the loss for each no-show possibility and its probability of occurrence, and then adding the products.
When making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.)
Answer: e. a, b and c
Explanation:
Opportunity costs are very important costs to look at because they help a company know if they are picking the best alternative available to them.
Out-of-pocket costs are also quite important because the company needs to know if there is a chance that they will have to pay for special features in the project that are not part of the original project but need to be paid for anyway as these monies come out of the cash reserve.
Incremental costs focus on the additional costs involved in a project and so are very important. When making a decision for processing a good further for instance, management needs to know if the incremental cost will be covered by the extra profit that will be gained.
When making decisions, managers should consider all relevant benefits and relevant costs, which include:
a. Opportunity costs
b. Out-of-pocket costs
c. Incremental costs
The correct answer is: e. a, b, and c
What is the decisions making?Direct costs are the specific expenses that are directly linked to a decision or action. They include the cost of materials, the payment for labor, and the cost of equipment.
Indirect costs are expenses that are not directly related to a specific decision but still affect the overall decision-making process. These can be expenses like rent, salaries, or other costs needed to run a business or organization.
Read more about decisions making here:
https://brainly.com/question/1249089
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See text below
When making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.)
a. Opportunity costs
b. Out-of-pocket costs
c. Incremental costs
d. Sunk costs
e. a, b and c
f. Of All of the above
What financial reporting issues would arise as a result of making a foreign direct investment?
Answer: Converting foreign GAAP to the parent company GAAP; Translating currency.
Explanation:
A foreign direct investment is simply an investment that is made by a particular individual or firm in a particular nation even though the interests of the business are being located in another nation.
The financial reporting issues would arise as a result of making a foreign direct investment are the conversion of foreign GAAP to the parent company GAAP and the translation of currency.
A weaker dollar benefits_______and hurts______.
A. Foreign businesses; American consumers.
B. American consumers; American businesses.
C. American businesses; American consumers.
D. American businesses; Foreign consumers.
Answer:
C. American businesses; American consumers.
Explanation:
Currently so many businesses of America are overseas, approximately 40%.
Now when the dollar turns weak these businesses are benefited in a manner that is the buyers needs to pay more for such deals.
Further with this as the buyers needs to pay more, even in the country the imported goods turns expensive as dollars decrease their value.
Accordingly, it is the american business man who gets benefited with weaker dollar, and the american consumer has to pay more for this.
Last year Electric Autos had sales of $175 million and assets at the start of the year of $300 million. If its return on start-of-year assets was 15%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places)
Answer:
Operating profit margin = 25.71%
Explanation:
Amount of return on asset = Rate of return x Asset value
Amount of return on asset = 15% x $300,000,000
Amount of return on asset = $45,000,000
Operating profit margin = Amount of return on asset / Sales
Operating profit margin = $45,000,000 / $175,000,000
Operating profit margin = 0.257143
Operating profit margin = 25.71%
Powers Company reported net sales of $1,320,000, average Accounts Receivable, net of $66,500, and net income of $56,125. The accounts receivable turnover ratio is
Answer:
19.85 times
Explanation:
The accounts receivable turnover ratio is Net sales / Average accounts receivables
Given that net sales = $1,320,000
Average accounts receivables = $66,500
Accounts receivable turnover ratio = $1,320,000 / $66,500
= 19.85 times
A bond with a 8-year duration is worth $1,077, and its yield to maturity is 7.7%. If the yield to maturity falls to 7.57%, you would predict that the new value of the bond will be approximately _________.
Answer:
$1,085.35
Explanation:
we can use the approximate yield to maturity formula to determine the market price of the bond if the interest rate falls to 7.57%
but first we need to calculate the coupon:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
0.077 = {coupon + [(1,000 - 1,077)/8]} / [(1,000 + 1,077)/2]
0.077 = {coupon - 9.625} / 1,038.50
0.077 x 1,038.50 = coupon - 9.625
79.9645 = coupon - 9.625
coupon = 79.9645 + 9.625 = $89.5895 ≈ $89.60
now we can calculate the new market price for the bond:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
0.0757 = {89.60 + [(1,000 - MV)/8]} /
0.0757 x [(1,000 + MV)/2] = 89.60 + [(1,000 - MV)/8]
0.0757 x (500 + 0.5MV) = 89.60 + 125 - 0.125MV
37.85 + 0.03785MV = 214.60 - 0.125MV
0.16285MV = 176.75
MV = 176.75 / 0.16285 = $1,085.35
WILL GIVE BRAINLIEST!! Connections Acadamy - Intro Entrepreneurship
1. Using what you learned in the Unit, what are some of the characteristics about Happier Camper that qualify it as a small business? Discuss the pros and cons of Happier Camper being and/or remaining a small business . 2. Discuss what sets the Happier Camper apart from other similar businesses (hint: explain how the design of the Happier Camper makes the product unique) . 3. Explain why the show’s host described the Happier Camper as a “Happy Accident”. 4.Explain what is unique about how Sophia Hall generates inventory for her store. Why do you think Hall’s store is successful and what about the model do you think makes it sustainable? 5. After interviewing both business owners, the host asks them to provide one word that describes what they think is needed to making it in business. Choose one of the words that Michael or Hall used and explain why you think this word best answers the question or provide your own word that you believe is most needed to make it in business. 6. Both Michael and Hall own their own small, successful businesses. Research a small, successful business near you and write a short two paragraph article discussing the business and reporting on why you think the business has or has not been successful. 7. Finally, include possible next steps for the business in the future.intro entrepreneurship connection
Answer:
Using what you learned in the Unit, what are some of the characteristics about Happier Camper that qualify it as a small business? Discuss the pros and cons of Happier Camper being and/or remaining a small business.
Pros : The owners can take more time with their products and make sure that they are in order. They have more time to fix problems they have because the demand for their products isn’t very big.
Cons : They don’t have many employees because they can’t afford them. They are behind on their orders by 2 months so that shows they need more employees for the extra help but they can’t get them.
Discuss what sets the Happier Camper apart from other similar businesses (hint: explain how the design of the Happier Camper makes the product unique).
They use a more retro/vintage design that is very appealing to lots of adults and teenagers. That is what pulls the customers in because it is interesting and cool so people spread the word about it.
Explain why the show’s host described the Happier Camper as a “Happy Accident”.
It is described as a “Happy Accident” because the owner had absolutely no intention of starting a business from it. He hadn’t planned on going commercial with his trailers until one day someone wanted to rent his trailer for a weekend. This person spread the word about how great the trailer was and so more people wanted to rent them. Eventually, he decided to make more trailers, rent them out, and eventually sell them for thousands of dollars.
Explain what is unique about how Sophia Hall generates inventory for her store.
Sophia partners herself with the local people in the community that make little homemade goods to put up for sale in her shop. She exchanges the goods for work.
Why do you think Hall’s store is successful and what about the model do you think makes it sustainable?
I believe that it will be successful because it is a local store that a ton of the towns people come to. People love handcrafted goods and that is what her store is full of. She finds products that also come with partners so she will always have goods to sell.
After interviewing both business owners, the host asks them to provide one word that describes what they think is needed to make it in business. Choose one of the words that Michael or Hall used and explain why you think this word best answers the question or provide your own word that you believe is most needed to make it in business.
As good as the words that both Michael and Hall used, I would definitely use the word devotion. Devotion means loyalty, love, or enthusiasm for a person, activity, or cause. This word describes what it takes to make it successfully in a business. It takes love, loyalty, and a lot of enthusiasm for a business to fly through the roof. You have to be devoted to your business because in the end, you won’t really go anywhere with a business unless your mind and heart are in it.
Both Michael and Hall own their own small, successful businesses. Research a small, successful business near you and write a short two paragraph article discussing the business and reporting on why you think the business has or has not been successful. Finally, include possible next steps for the business in the future.
Explanation:
Seller Wanda told her broker Chad that she wants to clear $75,000.00 when she sells her home. Chad took the listing and sold the home for $150,000. He gave Wanda her $75,000.00 and he kept the other $75,000.00 Which of the following is a true statement? A) Chad should have advised Wanda that she could clear more on the sale of her home. B) Chad’s commission is more than the State Realtors’ Board allows on one sale. C) Chad took an illegal listing. D) Chad had a duty to Wanda to market and sell her home for the highest price?
Answer: Chad took an illegal listing
Explanation:
From the question, we are informed that Seller Wanda told her broker Chad that she wants to clear $75,000.00 when she sells her home and that Chad took the listing and sold the home for $150,000 and gave Wanda her $75,000.00 and he kept the other $75,000.00.
In this scenario, Chad took an illegal listing. Wanda has the right to know the amount that the home was sold. All written offers should have been sent to Wanda for her to review.