A 1 C 10 B 5 ( D 15 11. The product of 763 and 5 498 lies between A 0.4 million and 0.5 million B 0.5 million and 0.6 million C 4 million and 5 million ( D 5 million and 6 million 12. 394 – 125 ÷ 25 = A 179 C 369 B 269 D 389 ( 13. (47 × 13) – (637 ÷ 13) = A 26 C 562 ( B 47 D 611 14. Table 1 shows the number of residents in three cities.
1-6 Ending retained earnings $278,000. 1-8 (b) Net income $34,154. 1-9 Common stock $30,000; Cost of goods sold $55,000. 1-10 (b) Ending retained earnings $24,000; total assets $125,000. 1-11 (b) Net income $1,005.1.
Three ways in which small business helps the Australian economy are: Important generator of jobs. Nurturing, promoting and developing entrepreneurs. Small business can provide functional support to large organisations which use outsourcing. 4. What is the difference between the private and the public sector.
It might impact the sales of products in my salon, but that would only be a small portion of the income in my business so it shouldn’t impact it too hard. f. If you had $5,000 to start this company, which department would get the most funding? Which department would get the least funding? Which phase of the business would be the most expensive? (2-4 sentences.
Unit 1: Unit code: QCF Level 2: Credit value: Business Purposes L/502/5244 BTEC First 5 Guided learning hours: 30 Aim and purpose The aim of this unit is to enable learners to understand the nature of business organisations and the business environment in which they operate. Learners will do this by looking at the range of organisations that exist locally, regionally and nationally and by considering the business framework in which they operate. There will be a particular focus on businesses in the local context with which learners will be familiar. Unit introduction The wealth of the nation is created through business activity. The term ‘business’ is used to cover organisations as diverse as multinational companies and small local businesses, as well as organisations in the voluntary sector.
Small businesses are very important to the UK economy to keep it running well for many reasons, such as jobs and helping recover the economy from the recession. Small businesses are important to the UK economy because they provide jobs. In the recession there is a lack of jobs, especially in the public sector, so small businesses are vital for creating jobs for people. This helps the economy as more people will have money, so then more people will spend their money, which will then mean other shops may make money, and if enough jobs are taken up they may look for more workers, thus further improving the UK economy. Small businesses are also important for innovation and new ideas.
Key incentives for Thrive Market, where the community is concerned, are numerous. The demographics of the community of Batesville show there is no current online shopping company of this nature in the immediate area. Batesville is a small community of about 6,600 people. (batesvilleinus.com).The average median income of this area is $60,500.00 as compared to $58,300.00 nationally, thus this is a community that can support a new business. (City data 2015) The unemployment rate in Batesville is listed at 6.3 as oppose to 5.5 nationally, showing a need for new jobs and an available work force.
2. The first step is to estimate the unit cost of services extended by the company on its value adding processes. Sl. No Activity No. of Table 1 operations Cost Incurred (USD) Ref of cost given in column: 4 Unit Cost (USD) 1 2 3 4 5 6 A Handling of cartons B Shipping of cartons C Desktop delivery 2000 dly 440000 Para 3(c) 220/ dly D Set up of manual E Enter individual F Validate EDI orders 8000 orders 40000 Para 3(d) G General & Selling in Warehouse by freight 80000 cartons 75000 cartons 16000 orders 150000 lines 600000 Para 3(d) 4160000 Para 3(a) 52/ 450000 Para 3(b) 6/ carton Carton 160000 Para 3(d) order lines of each order (i) (ii) (iii) 10/order 4/line 5 / order Expense USD 42500000 of Annual Sales 200000 Para 3(e) 0.47% of sales 3.
* Hierarchical: This type of structure is preferred for large commercial businesses that have a main goal of selling products, for example a shopping centre like Tesco. Reasons for this are because hierarchical structures have different levels of managers then a steep drop down to staff. This is relevant to Tesco as they have only a handful of managers in comparison to the thousands of staff they have. Roles in this structure are easier to follow, as you only do what you are employed for, i.e. staff work in the shops, and the manager’s work in offices.
Question 1 : What is the break-even volume in units? In sales dollars? 1) Normal Volume 3,000 units 2) Selling Price @ Unit Price $4,350 3) Contribution Margin per unit = Unit Price - Unit Variable Costs $4,350 - $2,070 $2,280 4) Contribution Percent $2,280 / $4,350 0.524138 5) Unit Variable Cost $550 + $825 + $420 + $275 $2,070 6) Unit Fixed Cost $660 + $770 $1,430 7) Total Fixed Cost (TFC) = Unit Fixed Cost * Normal Volume $1,430 * 3,000 $4,290,000 8) Break-even Volume (in units) = Fixed Cost / Unit Contribution $4,290,000 / $2,280 1,882 unit 9) Break-even Volume (in sales) = Fixed Cost / Contribution Percent $4,290,000 / 0.524138 $8,184,867 Question 2 : Market research estimates that monthly volume could increase to 3,500 units, which is well within hoist production capacity limitations, if the price were cut from $4,350 to $3,850 per unit. Assuming the cost behavior patterns implied by he data in Exhibit 1 are correct would you recommend that this action be taken? What would be the impact on monthly sales cost, and income?