Based on the information given, the proposed start-up firm's expected revenue for the first year is $360,000. The fixed costs are $120,000, and the variable costs are one-third of the revenue, which is $120,000. To calculate the total costs, we add the fixed and variable costs, which gives us $240,000.
To calculate the profit, we subtract the total costs from the revenue, which gives us $120,000.
If sales are 10% below expectations, then the revenue will decrease by 10%, which is $36,000. The new revenue will be $324,000. To calculate the new profit, we use the same formula as before: revenue minus total costs. The new total costs will remain the same at $240,000. Therefore, the new profit will be $84,000.
To calculate the decrease in profits, we subtract the new profit from the original profit: $120,000 - $84,000 = $36,000. To calculate the percentage decrease in profits, we divide the decrease by the original profit and multiply by 100: ($36,000 / $120,000) x 100 = 30%.
The break-even sales point is the level of sales where the company's revenue equals its total costs. To calculate this, we divide the total costs by the contribution margin, which is the revenue minus variable costs. The contribution margin in this case is $240,000 - $120,000 = $120,000. Therefore, the break-even sales point is $240,000 / $120,000 = $2.00.
In summary, if sales are 10% below expectations, the decrease in profits will be 30%. The break-even sales point is $2.00.
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How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
A new manufacturing company, RSP Sdn Bhd (RSP) was awarded a contract to supply product X (a promoted product) to all government hospitals in Malaysia. The company has forecasted minor losses in the first 4 years of operation (YA 2017 to YA 2020) and a small profit in the 5th year (YA 2021). It is a capital-intensive kind of business as such it is expected that the company will incur approximately RM40 million for purchase of machineries. In addition, RM500,000 expected to be incurred for staff remuneration costs prior to commencement of manufacturing process.
In addition to business income, the company is also expected to earn other income comprising rental and interest income. The rental income is expected to be quite substantial as it is derived from renting out 5 blocks of apartment to its factory workers whereas the interest income would be paid by its subsidiary, TSV Sdn Bhd (TSV). The fund for the construction of the 5 blocks of apartment is internally generated whereas loan given to TSV is borrowed from financial institutions whereby RSP have to pay interest at market rate which is much higher than the interest rate charged by RSP to TSV. TSV is expected to have a current year loss of RM300,000 annually from YA 2019 to YA 2021.
Some of the machineries are expected to be disposed after several years of usage and this will give rise to a huge profit on disposal of fixed assets as these assets have a very high resale value. The company have yet to decide as to whether to dispose these assets to its subsidiary Inara Sdn Bhd (Inara) which is a loss making company or to unrelated companies. Inara is forecasted to have a current year loss of RM800,000 annually from YA 2019 to YA 2021.
Another subsidiary, Top Sdn Bhd (Top) is a profitable company which provides management service to all government hospitals. The company’s capital allowances claimed is expected to be small amount as its nature of business does not require to incur a huge amount of capital expenditure. Its forecasted aggregate income is approximately RM1 million per annum from YA 2019 onwards.
RSP’s percentage of shareholding in its subsidiaries is as follows: -
60% in TSV Sdn Bhd
75% in Inara Sdn Bhd
73% in Top Sdn Bhd
Required:
You are required to advise RSP Sdn Bhd on tax planning opportunities to reduce tax liabilities for RSP. Your answer should cover the following areas: -
1. ITA or Pioneer Status, choose the best option.
2. Commencement of business- minimize non allowable expenses.
3. Leasing or outright purchase of assets for assets not qualified under ITA (e.g motor vehicles), choose the best option.
4. Interest restriction- RSP, Financial Institution and TSV.
5. Tax planning on disposal of fixed assets.
6. Group relief taxes
Based on the provided information, here are the tax planning opportunities to reduce tax liabilities for RSP Sdn Bhd:
1. ITA or Pioneer Status: RSP should assess the benefits and requirements of both options to determine the best fit for their business. ITA (Income Tax Act) provides tax incentives for specific industries, while Pioneer Status offers tax incentives for new and strategic industries. RSP should evaluate their eligibility and consider the option that provides the most favorable tax benefits.
2. Commencement of business: RSP should minimize non-allowable expenses during the initial years of operation to reduce tax liabilities. Non-allowable expenses are those that are not deductible for tax purposes. By carefully managing their expenses and ensuring they claim only allowable deductions, RSP can minimize their taxable income and reduce tax liabilities.
3. Leasing or outright purchase of assets: RSP should evaluate the tax implications of leasing versus outright purchase for assets that do not qualify under ITA, such as motor vehicles. Leasing may allow for tax deductions on lease payments, while outright purchase may provide depreciation deductions. RSP should consider the cash flow, long-term needs, and tax advantages of each option to make an informed decision.
4. Interest restriction: RSP, financial institution, and TSV: RSP should be mindful of interest restrictions imposed by tax regulations. If RSP borrows from financial institutions at a higher interest rate than what it charges its subsidiary TSV, there may be restrictions on the deductibility of interest expenses. RSP should consult with tax professionals to ensure compliance with interest restriction rules and optimize their interest expense deductions.
5. Tax planning on disposal of fixed assets: RSP should carefully plan the disposal of fixed assets to optimize tax outcomes. As certain assets have high resale values, RSP can benefit from significant profit on disposal. They should consider whether to sell the assets to their loss-making subsidiary Inara or to unrelated companies. By analyzing the tax implications, RSP can minimize tax liabilities and maximize overall tax benefits.
6. Group relief taxes: RSP should explore the possibility of group relief taxes, which allow the offsetting of losses incurred by subsidiaries against the profits of other group companies. As RSP holds significant ownership in TSV and Inara, group relief taxes can be utilized to offset losses in those subsidiaries against profits in RSP or other profitable subsidiaries like Top. This can result in overall tax savings for the group.
To reduce tax liabilities, RSP Sdn Bhd should carefully consider the options and opportunities outlined above. By selecting the appropriate tax incentives, managing expenses, optimizing asset acquisition strategies, complying with interest restriction rules, planning asset disposals, and exploring group relief taxes, RSP can effectively minimize tax liabilities and maximize tax benefits within the framework of tax regulations. It is recommended that RSP consults with tax professionals for detailed analysis and implementation of these tax planning strategies.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
The numerator in the calculation of the ratio of liabilities to stockholders' equity is a.Total Assets. b.Total Stockholders' Equity. c.Total Liabilities. d.Total Liabilities – Total Stockholders' Equity.
Explanation:
a.Total Assets
The numerator in the calculation of the ratio of liabilities to stockholders' equity is Total Assets
The numerator for measuring the ratio of liabilities to stockholder equity is total liabilities.
The following information should be considered:
It is the ratio of liabilities and stockholder equity.The liabilities come on the numerator side and the stockholder equity is on the denominator side.The ratios should always be measured in time.Thus all other options are incorrect.
Therefore we can conclude that The numerator for measuring the ratio of liabilities to stockholder equity is total liabilities.
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Is government-subsidized flood insurance more likely to help relatively rich people or relatively poor people? Will it increase, decrease, or leave unchanged the amount of damage occurring from floods?
Answer:
Policy (SFIP), actually touches and damages NFIP-insured property. A loss caused
by a flood in progress at the time an SFIP comes into effect may be subject to the
flood-in-progress exclusion. If the SFIP was effective prior to the date the flood in
progress began, coverage will be effective. A flood is in progress on the earlier of
either the date the community in which the NFIP-insured property is located first
experiences a flood as defined in the SFIP, or on the date of an event initiating a
flood that directly or indirectly affects areas downstream or in a floodway.
70. Is damage caused by a flood in progress covered?
If a policy is in effect on the date the flood in progress begins, damage caused
by the flood in progress is covered, subject to the terms of the SFIP. If a policy
is effective after the date the flood is in progress, damage caused by the flood in
progress most likely will not be covered. However, each NFIP claim is adjusted
individually and the cause of any loss, and any applicable limitations or exclusion
in the SFIP, is determined during the claims adjustment process.
Explanation:
follow me plzzz
The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False
Answer:
true
Explanation:
it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall
Answer:
True
Explanation:
have a good day
which is flase for carrier selection? number of claims accepted, current insurance certificate, number of years in business
The number of claims accepted is false for carrier selection.
When selecting an insurance carrier, the number of claims accepted is not a relevant criterion. Instead, factors such as the carrier's financial stability, reputation, coverage options, customer service, and pricing are more important considerations.
The number of claims accepted is typically a result of the carrier's claims handling process and does not directly indicate the quality or suitability of their insurance products.
While it's crucial to have a carrier that provides efficient claims processing, the focus during carrier selection should be on finding a reputable and reliable provider that meets your specific insurance needs.
Factors like the carrier's current insurance certificate (which verifies their coverage and compliance) and the number of years they have been in business can provide insights into their stability and experience, making them more relevant considerations for carrier selection.
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Which person is financially responsible?
Answer:
avoids debts
Explanation:
A financially responsible person would want to quick come out of bad debts, even if he is in debt , the payments should be less than 50percent of what he makes
how might construction industry job losses affect incomes in the clothing and travel industries?
Construction industry job losses can affect incomes in the clothing and travel industries by reducing consumer spending. When people lose their jobs in the construction sector, they may have less disposable income to spend on clothing and travel, leading to decreased demand and potentially lower revenues for businesses in these industries. This can result in further job losses and a negative impact on overall economic growth.
The construction industry is a significant contributor to the economy and job market. If there are job losses in the construction industry, it can have a ripple effect on other industries. One way that construction industry job losses may affect incomes in the clothing and travel industries is through decreased consumer spending. With fewer people employed in construction, there may be less money circulating in the economy, and people may be less likely to spend money on non-essential items such as clothing and travel. As a result, the clothing and travel industries may experience a decline in sales and revenue, leading to reduced incomes for those who work in those industries. In short, the interconnectedness of different industries means that job losses in one area can have a wider impact on the economy as a whole.
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Construction industry job losses can affect incomes in the clothing and travel industries by reducing consumer spending. When people lose their jobs in the construction sector, they may have less disposable income to spend on clothing and travel, leading to decreased demand and potentially lower revenues for businesses in these industries. This can result in further job losses and a negative impact on overall economic growth.
The construction industry is a significant contributor to the economy and job market. If there are job losses in the construction industry, it can have a ripple effect on other industries. One way that construction industry job losses may affect incomes in the clothing and travel industries is through decreased consumer spending. With fewer people employed in construction, there may be less money circulating in the economy, and people may be less likely to spend money on non-essential items such as clothing and travel. As a result, the clothing and travel industries may experience a decline in sales and revenue, leading to reduced incomes for those who work in those industries. In short, the interconnectedness of different industries means that job losses in one area can have a wider impact on the economy as a whole.
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Describe unit-level, batch-level, product-level, and organizational sustaining–level activities and how they differ.Give two or three examples of activities at each level.
Unit-level activities involve direct production and are focused on producing a single product or service. Examples of unit-level activities include welding, machining, and quality inspection.
Batch-level activities are focused on small groups of items that are processed together. Examples of batch-level activities include inventory control, mixing, and assembly.
Product-level activities involve large groups of items produced simultaneously. Examples of product-level activities include product design, testing, and research and development.
Organizational sustaining–level activities involve the long-term operations and goals of the organization. Examples of organizational sustaining–level activities include budgeting, marketing, and human resources.
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7. Choose if the product is a Good, a Service, or Both.
buying a bicycle
getting a back massage
getting the plumbing fixed in your house
use of a smartphone app
buying a new AC unit for your house
buying a hamburger
getting your taxes completed by a tax firm
Answer:
1 buying a bicycle it's a good
2 getting a back message it's a service
3 getting the plumbing fixed in your house it's a service
4 use of a smartphone app it's a service
5 buying a new Ac unit for your house it's a service
6 buying a hamburger it's a good
7 getting your taxes completed by a tax firm it's both
Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the company planned for activity of 105 births, but the actual level of activity was 101 births. The actual wages and salaries for the month was $26,470. The activity variance for wages and salaries in October would be closest to:
Answer:
wages and salaries activity variance= $1,000 unfavorable
Explanation:
Giving the following information:
Standard:
Fixed= $1,230
Variable= $240 er birth
Actual:
101 births.
The actual wages and salaries for the month was $26,470.
To calculate the activity variance for wages, we need to use the following formula:
wages and salaries activity variance= (actual costs - standards costs)
standards= 1,230 + 240*101= $25,470
wages and salaries activity variance= (26,470 - 25,470)
wages and salaries activity variance= $1,000 unfavorable
explain the role of participation as a key element of marketing.
The role of participation is a key element of marketing as many customers will participate in marketing activities when they think they will benefit. Contests, free samples, etc. are examples in which customers participate in marketing.
Participation marketing takes content marketing to the next level. It implicates initiating campaigns that are more practical so that customers can interact with brands more effectively. Experiences are crucial to today's consumers. Traditional advertising is not competent in working because consumers have become blind to it. Marketing to get consumers to participate, allows them to get the attention they demand while getting personal information that can help with their decision-making process.
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An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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what is networking why is useful when looking for a job
Answer:
Career networking involves using personal, professional, academic or familial contacts to assist with a job search, achieve career goals, learn more about your field, or another field you'd like to work in. Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
Explanation:
Adoption of ASC Topic 842 related to leases represents a Multiple Choice o voluntary change in accounting principle.o mandatory change in accounting estimate. o voluntary change in accounting estimate. o mandatory change in accounting principle. Which of the following accounting principle changes typically is reported prospectively? Multiple Choice o Adopting ASC topic 606 on revenue recognition on the standard's effective date. o Changing inventory method from LIFO to FIFO.o Changing inventory method from FIFO to LIFO.o Changing reporting of investments from the equity method to the fair value method. ASC Topic 606 on Revenue Recognition requires which transition method? Multiple Choice o Modified retrospective approach o Full retrospective restatement o Retrospective restatement or prospective approach o Full retrospective restatement or modified retrospective approach
Adoption of ASC Topic 842 related to leases represents D. mandatory change in accounting principle.
What exactly is ASC 842 adoption?According to the ASC 842 standard for GAAP lease accounting, all leases lasting more than 12 months must be recorded as assets and liabilities on balance sheets. This new standard was developed by the Financial Accounting Standards Board (FASB) to promote greater transparency between investors and businesses.
A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration," states ASC 842-10-15-3.
A change in accounting principle may be required by newly issued guidance or as a result of the reporting entity's decision to adopt a different accounting principle because it is preferable.
Therefore, based on the information, the correct option is D.
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Your email campaign has an open-rate of 9.6%, and you emailed 25,000 people. How many people opened your email?
Answer:(25000 × 9.6) / 100
Explanation:
25000 mail is 100% of the email, so 9.6% of them will be the result of the answer i gave
Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
a diversification strategy can create value through two types of financial economies: efficient internal capital allocations and purchasing other corporations and restructuring their assets. true or false
The given statement "a diversification strategy can create value through two types of financial economies: efficient internal capital allocations and purchasing other corporations and restructuring their assets" is true because a diversification strategy involves spreading capital and investments across various assets, industries, and companies to reduce risk and increase potential returns.
It can create value in two ways:
1. Efficient internal capital allocations: By allocating capital efficiently within the organization, the company can ensure that each business unit or investment is adequately funded, thereby improving overall performance and generating higher returns.
2. Purchasing other corporations and restructuring their assets: Acquiring and restructuring other corporations allows a company to unlock value by optimizing their operations, assets, and management. This can lead to increased profitability and growth, ultimately creating value for the parent company.
In conclusion, a diversification strategy can indeed create value through both efficient internal capital allocations and purchasing other corporations and restructuring their assets.
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Why do you think Bill Bowerman liked that Tinker shared his thoughts about the test shoes
Answer:
to connect
Explanation:
make moneyghgghgjjvyiv
John Hardley recently joined as marketing director of H2O, a water sports gear company. Though in the last five years the company has had a drastic dip in sales, ever since Hardley has joined he has turned the figures around. In addition to revamping the look of the brand, he has initiated several marketing campaigns through broadcast media to increase customer base for the company. Over the past six months, Hardley has managed to get the company to an all-time high peak of sales. Which of the following statements best describes Hardley?
A) Hardley is a low self-monitor.
B) Hardley is a narcissist.
C) Hardley scores high in Machiavellianism.
D) Hardley has a proactive personality.
E) Hardley is a low risk-taking person.
Through his latest decisions that led the H2O company to have a historic peak in sales, marketing director John Hardley is considered to have a proactive personality.
Proactivity at workA proactive person is one who takes responsibility for their actions, seeking to perform tasks in the best possible way, being always available to solve problems and deal with unforeseen events in a positive way.
In the workplace, proactive professionals can make all the difference, by contributing with their dedication, dynamism and adaptation to the constant changes and risks inherent to the business.
Therefore, Hardley achieved positive results in the company by demonstrating his proactivity by taking steps to restructure the company, through the renewal of the brand's visual and marketing campaigns.
The correct answer is:
D) Hardley has a proactive personality.
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a commidity is something with cash value that can be bought ir sold
true
false
Answer:
true so yeah so that is the answer
Answer:
True
Explanation:
In simplest terms, it would mean a useful or valuable thing. And in specific terms, that value cam be bought or sold.
are good oppurtunities always spotted quickly or they often left unrecognized ?
Answer:
often left unrecognised
Answer:
Spotted quickly
Explanation:
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $
Answer:
-16.34
Explanation:
Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.Answer:
$16.34
Explanation:
HAVE A GOOD DAY!!!!
the advantage of foreign employment
Answer:
Explanation:
There are a number of benefits to working abroad, including:
Greater Income: Working outside of one's home country may result in greater earnings or wages, which can be used to maintain a family, put money aside for the future, or just raise one's standard of living.
Better Career Opportunities: Working abroad can open up new professional horizons, expose employees to different work cultures, and provide them the chance to develop new abilities that will improve their professional profiles.
Cultural Exposure: Working and living abroad can expose one to various cultures, languages, and way of life, which can broaden perspectives and encourage personal development.
Networking: Working overseas can give you the chance to develop a professional network that may be helpful for future business or career prospects.
Foreign employment can be adventurous and beneficial for personal growth.
Answer:
Explanation:
There are a number of benefits to working abroad, including:Greater Income: Working outside of one's home country may result in greater earnings or wages, which can be used to maintain a family, put money aside for the future, or just raise one's standard of living.Better Career Opportunities: Working abroad can open up new professional horizons, expose employees to different work cultures, and provide them the chance to develop new abilities that will improve their professional profiles.Cultural Exposure: Working and living abroad can expose one to various cultures, languages, and way of life, which can broaden perspectives and encourage personal development.Networking: Working overseas can give you the chance to develop a professional network that may be helpful for future business or career prospects.Foreign employment can be adventurous and beneficial for personal growth.
What is receptive skills ?
Answer: They are skills where the person receives information.
Explanation: When it comes to receptive skills, it is where the person learns by receiving information. A common way to develop receptive skills is through reading and listening. A person who reads is someone who is receiving knowledge through the process of identifying the knowledge that he sees, while the person who listens receives it through hearing.
There are two basic areas of science:
and applied science.
A.mental
B.information
C.pure
Answer:
Basic science, such as understanding how cells work, is research aimed at understanding fundamental problems.
Applied science, such as the medical field, is the application of basic scientific knowledge to solve practical problems.
Applied science uses and applies information obtained through basic science.
Explanation:
So, option B is the correct
Information ℹ️
On january 1, you sold short one round lot (that is, 100 shares) of lowe's stock at $21 per share. on march 1, a dividend of $2 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $15 per share. you paid 50 cents per share in commissions for each transaction.
a. what is the value of the account on April 1st?
Answer:
Value of the account on April 1st = $300
Explanation:
Given:
Number of shares = 100
Buy back price = $15
Dividend per share = $2
Commission per share = $0.50
Price of each share = $21
Computation:
Proceed price = (21x100)-(0.50x100)
Proceed price = $2,050
Dividend = 2x100
Dividend = $200
Buy back price = (15x100)+(0.50x100)
Buy back price = $1,550
Value of the account on April 1st = $2050 - $200 - $1550
Value of the account on April 1st = $300
how can i start up business affect my pharmacy business? I need help for my business assignment
Answer:
drugs
Explanation:
gives a lot of money
Positive economic growth is realized when a country's production possibilities curve
(frontier) shifts outwards, however, can be calculated as the percentage increase in
either the real gross domestic product or the real gross domestic product per capita.
Answer:
True
Explanation:
It is TRUE that Positive economic growth is realized when a country's production possibilities curve
(frontier) shifts outwards.
This is evident in the fact that the outwards shifts of the production possibilities curve of a country indicate an increase in output or production level of that country.
Also, such production possibilities can indeed be estimated as the percentage increase in either the real gross domestic product or the real gross domestic product per capita.