Choose an entrepreneur that represent closest to your dream company. (chosen entrepreneur : Jeff Benzo, Amazon) type minimum 1000 words
1) State the traits and characteristics of entrepreneurs.
2) Describe how the traits has helped them in the journey.
3) Explore the changes for entrepreneurs and how business have evolved during the pre-covid to current to post covid.
Answers
Jeff Bezos is a successful entrepreneur who embodies many of the traits and characteristics of successful entrepreneurs. His leadership, vision, and strategic decision-making skills have helped him build Amazon into one of the most valuable companies in the world. The COVID-19 pandemic has presented new challenges and changes for entrepreneurs and businesses, forcing them to adapt to new market conditions and embrace new technologies. However, the pandemic has also highlighted the need for greater resilience and risk management, as businesses prepare for future crises.
Jeff Bezos is the founder and CEO of Amazon, an American multinational technology corporation that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. This essay will discuss Jeff Bezos as an entrepreneur and his company Amazon as the dream company.
Entrepreneurs are individuals who start and run businesses, assuming all risks and rewards involved. The following are some common traits and characteristics of successful entrepreneurs:
1. Creativity and Innovation: Entrepreneurs need to be creative and innovative, developing unique ideas that can differentiate them from competitors.
2. Passion and Determination: Successful entrepreneurs have a deep passion for what they do and are determined to achieve their goals.
3. Risk-Taking: Entrepreneurs must be willing to take risks and make bold decisions to succeed.
4. Visionary: Successful entrepreneurs possess a clear vision for their business, setting ambitious goals and working towards them.
5. Self-Discipline: Entrepreneurs must be self-disciplined, managing their time and resources effectively.
6. Flexibility and Adaptability: Entrepreneurs need to be flexible and adaptable, responding to changes in the market and industry trends.
7. Resilience: Entrepreneurs must be resilient, persevering through failures and setbacks to achieve success.
8. Leadership: Successful entrepreneurs possess strong leadership skills, inspiring and motivating their teams to work towards a common goal.
Jeff Bezos possesses many of the traits and characteristics of successful entrepreneurs, which has helped him build Amazon into one of the most valuable companies in the world.
Bezos is a visionary leader who is passionate and determined about his business. He is risk-taking, having invested in new ventures and entering new markets, such as the acquisition of Whole Foods and the launch of Amazon Go. He is creative and innovative, launching new products and services, such as Amazon Prime, Alexa, and Amazon Web Services.
Bezos is flexible and adaptable, responding to changes in the market, such as the shift towards e-commerce and the increasing demand for cloud computing services. He is self-disciplined and focused, managing his time and resources effectively to achieve his goals.
Bezos is also a resilient leader, having overcome several challenges and setbacks throughout his journey. He has faced criticism and controversy over Amazon's business practices, including accusations of worker exploitation and antitrust violations. He has also dealt with setbacks, such as the failure of Amazon's Fire Phone and the loss of the JEDI contract to Microsoft. However, he has persevered through these challenges, demonstrating strong leadership and strategic decision-making skills.
Changes for Entrepreneurs and How Business Has Evolved During the Pre-COVID to Current to Post-COVID
The COVID-19 pandemic has had a significant impact on entrepreneurs and businesses worldwide. Prior to the pandemic, the economy was growing, and businesses were expanding. However, the pandemic has forced businesses to adapt to new challenges and changes in the market.
During the pre-COVID period, entrepreneurs were focused on growth and expansion, investing in new markets and technologies. However, the pandemic has shifted the focus towards survival and adaptation, with many businesses struggling to stay afloat.
The current period is marked by uncertainty and disruption, with businesses adapting to new market conditions and changing consumer behavior. Entrepreneurs are embracing new technologies, such as e-commerce and remote work, to stay competitive and meet the needs of their customers.
The post-COVID period is expected to see a shift towards recovery and growth, with entrepreneurs focusing on innovation and expansion. Many businesses have adapted to the new market conditions, with some even thriving during the pandemic. However, the pandemic has also highlighted the need for greater resilience and risk management, with businesses prioritizing preparedness for future crises.
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Related Questions
What is a true statement in regards to managing access to reports and dashboards? Choose 2 answers A. Users with the "Manage Public Reports" permission can organize reports by creating custom report folders and sending invitations to users to access them. B. Users must have certain permissions to access public, hidden, or shared folders. C. Users with the "Manage Public Reports" and "Create and Customize Reports" permissions can create custom reports that all users can view. D. Users that want to grant access to personal folders can manually share a personal folder with a user or public group
Answers
The dashboard's data is chosen by the running user based on their security preferences. Important It is possible to provide dashboard readers with a more comprehensive view of the data than they typically see when you identify the running user. Hence option C is correct .
What kind report should be in Dashboard ?A different source lists the following choices as potential answers to this query:
A. an executive summary without a chartB. a summary report with a 10 row displayC. a table-based report with a graphD. a tabular report with a row size of 10E. concise report with a graphThese three report kinds can be utilized to provide a list of accounts on a dashboard. The appropriate report type for a given piece of information relies onon the message we want to get over to the audience.
A summary report without a chart, a summary report with a chart, or a tabular report with rows would all be the most effective ways to present a rating list.
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Deflation causes the demand for bonds to __the supply of bonds to___ and bond prices to__ everything else held constant.
increase; increase; increase
increase; decrease; increase
decrease: increase; increase
decrease: decrease: increase
Answers
Deflation causes the demand for bonds to increase, the supply of bonds to decrease, and bond prices to increase, everything else held constant.
Deflation refers to a sustained decrease in the general price level of goods and services in an economy. When deflation occurs, the purchasing power of money increases over time. This has several effects on the bond market.
Firstly, deflation tends to increase the demand for bonds. As the general price level decreases, investors seek relatively safer investments to preserve the value of their money. Bonds, particularly those with fixed interest payments, become attractive to investors because they offer a more stable and predictable income stream.
Secondly, deflation can decrease the supply of bonds. During deflationary periods, companies and governments may be less inclined to issue new bonds as they prefer to hold on to cash due to the increased value of money. This reduction in bond issuance leads to a decrease in the overall supply of bonds in the market.
Lastly, the increased demand for bonds and decreased supply contribute to an increase in bond prices. When the demand for bonds exceeds the available supply, bond prices rise. This is because investors are willing to pay a premium for the relative safety and stability of bonds during deflationary periods.
In summary, deflation causes the demand for bonds to increase, the supply of bonds to decrease, and bond prices to increase, all else being equal.
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the following information pertains to lightning inc., at the end of the year: credit sales$89,000 accounts payable 13,200 accounts receivable 8,300 allowance for uncollectible accounts$300credit cash sales 40,000 lightning uses the percentage-of-credit-sales method and estimates 5% of sales are uncollectible. what is the ending balance of the allowance account after the year-end adjustment?
Answers
The ending balance of the allowance account after the year-end adjustment is $4,750.The ending balance of the allowance account can be calculated using the percentage-of-credit-sales method.
First, we need to determine the estimated uncollectible amount based on the credit sales. Given that the credit sales for Lightning Inc. are $89,000 and the estimated uncollectible percentage is 5%, we can calculate the estimated uncollectible amount as follows:
$89,000 * 5% = $4,450
Next, we need to adjust the allowance for uncollectible accounts by the estimated uncollectible amount.
The current balance of the allowance for uncollectible accounts is $300. By adding the estimated uncollectible amount, we get:
$300 + $4,450 = $4,750
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Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answers
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
Jayden, a calendar year taxpayer, paid $16,000 in medical expenses and sustained a $20,000 casualty loss in 2019 (the loss occurred in a Federally declared disaster area). He expects $12,000 of the medical expenses and $14,000 of the casualty loss to be reimbursed by insurance companies in 2020. Before considering any limitations on these deductions, how much can Jayden include in determining his itemized deductions for 2019?
Answers
Answer: Before considering any limitations on deduction, Jayden can include $16000 of the medical expenses and also $6000 of casualty loss when the itemized deduction in 2019 is determined.
Explanation:
When taxes are filed, the person filing the tax can either choose to itemize their deductions or take the standard deduction.
While the standard deduction is already known, the itemized deductions is being calculated. Itemized deductions are made from medical expenses, donations, mortgage interest etc. and are usually preferred by those that have high incomes.
Before considering any limitations on these deductions, it should be noted that Jayden can include $16,000 which is the medical expenses given in the question and a casualty loss of ($20000 - $14000) = $6000 in determining his itemized deductions for 2019?
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Should Gidgits Galore entice much sought-after employees with generous benefits?
no
yes
Answers
Answer:
Yes
Explanation:
Edge 2021
Answer:
YES edge 2023
Explanation:
Freda is a cash basis taxpayer. In 2019, she negotiated her salary for 2020. Her employer offered to pay her $21,000 per month in 2020 for a total of $252,000. Freda countered that she would accept $10,000 each month for the 12 months in 2020 and the remaining $132,000 in January 2021. The employer accepted Freda’s terms for 2020 and 2021. a. Did Freda actually or constructively receive $252,000 in 2020? b. What could explain Freda’s willingness to spread her salary over a longer period of time? c. In December 2020, after Freda had earned the right to collect the $132,000 in 2020, the employer offered $133,000 to Freda at that time, rather than $132,00
Answers
Answer:
A. N0
B. She may likely bargain for the payments that was reason been that she expects the payments to be in a lower marginal tax bracket in 2021
C. NO
Explanation:
a. No .Based on the information given the amount of $252,000 was NOT constructively received in the year 2020 reason been that She has the amount of $132,000 which is a deferred income amount that
is not constructively received in 2019 and the reason why the amount was not received was because been under the main contract terms she did not have the sole right to receive the income in the year 2020.
b. Freda's willingness to spread her salary over a longer period of time may be due to the fact that She may likely bargain for the payments reason been that she expects the payments to be in a lower marginal tax bracket in the year 2021
c. Based on the information given she is NOT in constructive receipt of the income in the year 2020.
When the economy slips into a recession, normally the demand for bonds ________, the supply of bonds ________, and the interest rate ________, everything else held constant. a. decreases; increases; rises b. decreases; decreases; falls c. increases; increases; rises d. increases; decreases; fal
Answers
Answer:
b. decreases; decreases; falls.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
Recession can be defined as a period of economic meltdown, in which there's a general decline in all economic activities such as trade.
Hence, when the economy slips into a recession, normally the demand for bonds decreases, the supply of bonds decreases, and the interest rate falls, ceteris paribus (everything else held constant).
A job analysis method by which important job tasks are identified for job success is known as: functional job analysis the critical incident method task inventory analysis competency-based analysis
Answers
Task inventory analysis is a job analysis method that focuses on identifying important job tasks for job success. This method involves creating a list of tasks and responsibilities associated with a particular job. The tasks are then rated by subject matter experts on their importance and frequency of occurrence in the job.
This approach helps to identify the most critical tasks required for job success, which can inform job design and recruitment practices. By understanding the key tasks and skills needed for a job, employers can ensure that they are selecting the right candidates and providing appropriate training and development opportunities. Additionally, task inventory analysis can be used to assess employee performance and to identify areas for improvement. Overall, this method can help organizations to better understand the requirements of their jobs and to make informed decisions about their workforce.
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5. Comparative income statements for 2010 and 2009 follow.
2010 2009
Sales $9,434,000 $7,862,000
Cost of Sales 7,075,400 5,660,640
Gross Profit $2,358,600 $2,201,360
Operating Expenses 1,367,690 1,365,060
Operating Income $ 990,910 $ 836,300
Interest Expense 157,500 126,000
Earnings Before Tax $ 833,410 $ 710,300
Income Taxes 400,000 317,200
Net Income $ 433,410 $ 393,100
Required:
a. Prepare a vertical common-size analysis of this statement for each year, using sales as the base.
b. Comment briefly on the changes between the two years, based on the vertical common-size statement.
Answers
While the company's sales increased between 2009 and 2010, the increase in cost of sales and interest expense meant that the company's profitability did not increase significantly.
a. Vertical common-size analysis for each year, using sales as the base:
2010:
Sales: 100%Cost of Sales: 74.96%Gross Profit: 25.04%Operating Expenses: 14.49%Operating Income: 10.50%Interest Expense: 1.67%Earnings Before Tax: 8.83%Income Taxes: 4.24%Net Income: 4.59%2009:
Sales: 100%Cost of Sales: 71.95%Gross Profit: 28.05%Operating Expenses: 17.35%Operating Income: 10.70%Interest Expense: 1.60%Earnings Before Tax: 9.02%Income Taxes: 4.03%Net Income: 4.99%b. Based on the vertical common-size statement, we can see that in 2010, the company's cost of sales increased as a percentage of sales compared to the previous year, while gross profit and net income increased only slightly. Operating expenses remained relatively stable. The increase in interest expense also had an impact on the earnings before tax.
Overall, while the company's sales increased between 2009 and 2010, the increase in cost of sales and interest expense meant that the company's profitability did not increase significantly. The company may need to review its cost structure and financing arrangements to improve its profitability in the future.
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Unlike a printed product, online service information
can be instantaneously ___ by the provider.
Answers
Answer: bolt
Explanation:
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
Which of the following is characteristic of a centrally planned economy?
Answers
An unlicensed property manager can do all of the following except: Maintenance Showing units Negotiating lease terms Furnishing published information
Answers
When a person is an unlicensed property manager, they can do all of the above except Negotiating lease terms.
What can an unlicensed property manager do?An unlicensed property manager can show prospective buyers the units on sale as well as maintaining the units. They can also furnish people with published information on the units.
They cannot however, negotiate lease terms with people because they do not have the license and authority to do so.
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You submit a bid of $125 per room for 60 rooms for two nights. The group's event planner says she will award you the bid
if you come down 12%. What is the new bid to secure the contract?
Answers
The new bid to secure the contract is:$13,200.
New bid to secure the contractFirst step is calculate the cost of rooms for two night
Cost=$125 per room×60 rooms×2 night
Cost=$15,000
Second step is to calculate the new bid
New bid=$15,000-(12%×$12,000)
New bid=$15,000-$1,800
New bid=$13,200
Inconclusion the new bid to secure the contract is:$13,200.
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Daniel has been working hard all year and just received a bonus check from his employer. Rather than spend
it now, Daniel stores all his money in a high-yield savings account because he is planning to buy a boat in
the future. Daniel is using money as a
a: store of value
b: medium of exchange
c: source of inflation
d: unit of account
Answers
Answer:
Store of Value.
Explanation:
Money will successfully function as a store of value when it’s easy to store and it can reliably hold its value over time.
Other things the same, as the price level rises, the real value of a rupiah …A. Rises, interest rates and exchange rate risesB. Rises, interest rates fall, and exchange rate risesC. Falls, interest rates and exchange rate risesD. Falls, interest rates rise, and exchange rate fallsE. Falls, interest rates and exchange rate falls
Answers
Other things being equal, as the price level rises, the real value of a rupiah falls.
The real value of a currency refers to its purchasing power, or the amount of goods and services that can be purchased with a unit of currency. When the price level rises, it means that the general level of prices for goods and services in the economy has increased. As a result, the real value of a unit of currency decreases because it can purchase fewer goods and services than before.
Option (C) "Falls, interest rates and exchange rate rises" is a possible outcome in response to the decline in the real value of a currency, as higher interest rates and exchange rates can help attract foreign capital and support the currency's value. However, this is not always the case, and the relationship between exchange rates, interest rates, and the real value of a currency can be complex and depend on various economic and political factors
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Who are you voting in this years election and why?
i am a democrat so i will NOT be voting for trump. :)
Answers
Answer:
I am voting for Donald Trump in this election
Explanation:
Bad account inc. sold $10000000, 5 year, 3%, semi-annual bonds for $9124794 on Jan 1, 2022. From its proceeds bad accountants paid legal fees of $200000 to Good Lawyers. The market rate for similar bonds is 5%. The bonds pay interest semi-annually on June 30th and December 31. How much interest expense would bad accountants record at June 30, 2022
Answers
Bad Account Inc. sold \($10000000\), 5 year, 3%, semi-annual bonds for \($9124794\)
on Jan 1, 2022. From its proceeds, bad accountants paid legal fees of \($200000\) to Good Lawyers.
The market rate for similar bonds is 5%. The bonds pay interest semi-annually on June 30th and December 31. Bad Accountants will record interest expense of \($137250\) at June 30, 2022, in the books.
Bad Account Inc. sold \($10000000\), 5 year, 3%, semi-annual bonds for \($9124794\) on Jan 1, 2022. The market rate for similar bonds is 5%. This implies that the bonds were sold at a discount because the market rate of interest is more than the coupon rate of 3%.
The bond price can be calculated by applying the below formula;
\(PV = C [1 - (1 + r/n)^(-nt)] / (r/n)\)Where,
PV = Present Value,C = coupon payment,r = market interest rate,n = number of coupon payments per year,t = number of years to maturity.
\(PV = $10000000 [1 - (1 + 0.05/2)^(-10*2)] / (0.05/2)PV = $9124794\)
Bad Account Inc. sold the bonds at \($9124794\).The bonds pay interest semi-annually on June 30th and December 31st. Calculation of the interest expense on June 30, 2022:
The bond's semi-annual coupon payment can be calculated by applying the below formula:
C = (coupon rate * face value) / number of payments per year, \(C = (3% * $10000000) / 2C = $150000.\)
The bonds were issued at a discount of \($10000000 - $9124794 = $875206\). At June 30, 2022, the carrying value of the bonds would be the issue price plus the amount of interest expense recorded to that date.
Calculation of the interest expense for June 30, 2022 can be done as follows:
Interest Expense = Carrying Value * Market Interest Rate * Time Period Carrying Value = Issue price + Interest expense recorded = \($9124794 + 0 = $9124794\),Market Interest Rate = 5% / 2 = 2.5%,Time Period = 6 months / 12 months = 0.5 years Interest Expense =\($9124794 * 2.5% * 0.5= $137250\)
Bad Accountants will record interest expense of \($137250\)at June 30, 2022.
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Arranging tasks, people, and other resources to accomplish the work is known as the _____ function of management.
Answers
Arranging tasks, people, and other resources to accomplish the work is known as the organizing function of management.
What is management?This is a process that is used in the business place or other spheres of life on the planning and execution of tasks in the work place.
The organizing function is the aspect that has to do with the arranging of tasks in the workplace.
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If a machine shop can produce 160 containers in one week with 4 workers ( 40 hours per week), what is the labor productivity? By redesigning the workflow, they can increase production to 200 containers, what would be the new labor productivity? What is the percent change in labor productivity?
Answers
The labour productivity can be determined by dividing the total number of units produced by the total number of labor hours put in.1. For the current production rate, we have:
Total number of units produced = 160
A total number of workers = 4
Total labour hours = 4 workers x 40 hours/week
= 160 hours
Labour productivity = the Total number of units produced/Total labour hours
= 160/160
= 1 unit/hour
2. For the increased production rate, we have:
Total number of units produced = 200
Total number of workers = 4
Total labour hours = 4 workers x 40 hours/week = 160 hours
Labour productivity = Total number of units produced/Total labour hours
= 200/160
= 1.25 units/hour
3. The per cent change in labour productivity can be calculated as follows:
Percent change = [(New value - Old value) / Old value] x 100%
Percent change = [(1.25 - 1) / 1] x 100%
Percent change = 25%.
Therefore, the percent change in labour productivity is 25%.
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How did the relationship between Parliament and the Restoration monarchs, Charles II and James II, change following the English Civil War? The monarchs respected Parliament’s limits on their power. The monarchs succeeded in increasing their power at the expense of Parliament. The monarchs continued to challenge Parliament's authority. The monarchs generally deferred to Parliament when there was a disagreement.
Answers
Answer:
The monarchs continued to challenge Parliament's authority.
Explanation:
Following the English Civil War, tensions between the monarchs and Parliament began to grow. Queen Elizabeth did not leave any heir, therefore, James I began the Stuart Dynasty. James I believed in Divine Rule, which was in oppose of Queen Elizabeth's rule who worked with Parliament.
After the English Civil War, the monarchs continues to challenge Parliament's authority. During Restoration monarchs, Charles II and James II, Parliament and monarchs were in conflict with each other.
Therefore, option C is correct.
Answer:
The monarchs continued to challenge Parliament's authority.
Explanation:
Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer
Answers
Hope this helps :)
Lightskins or Darkskins
Or Other ?
Answers
Answer:
any kind of boy
Explanation:
I have no type
On 31 January 2017, you bought 200 shares of a company for $422.84 a share and on 31 January 2021 you sold them for $862.14 a share. In January 2021, you also received a cash dividend of $11.64 per share. Calculate the annual holding period yield (in percentage) on your investment.
Answers
The annual holding period yield (in percentage) on the investment of 200 shares purchased
at $422.84 a share and sold at $862.14 a share and a cash dividend of $11.24 per share is 14.27%.
Number of shares = 200
Cost per share = $422.84
Selling price per share = $862.14
Dividend per share = $11.24
To calculate the annual holding period yield of the investment, we need to determine
the holding period, the dividend, and the return on investment.
Holding period = (2021 - 2017) = 4 years
Dividend income = $11.24 x 200 = $2,248
Total revenue from selling shares = Selling price per share x Number of shares= $862.14 x 200 = $172,428
Total Cost of 200 shares = Cost per share x Number of shares= $422.84 x 200 = $84,568
Total Return on Investment = Dividend income + Total Revenue from Selling Shares - Total Cost of shares= $2,248 + $172,428 - $84,568= $90,108
Annual Holding Period Yield = ((Total Return on Investment / Total Cost of shares)^(1/number of years)) - 1= (($90,108/$84,568)^(1/4)) - 1= (1.06769^(1/4)) - 1= 0.135 = 13.5% (rounded to one decimal place)Therefore, the annual holding period yield (in percentage) on the investment of 200 shares purchased at $422.84 a share and sold at $862.14 a share and a cash dividend of $11.24 per share is 14.27%. (rounded to two decimal places).
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There are _____ specific dimensions which are commonly used to assess the performance of a product development effort.
Answers
The correct answer is four. There are four specific dimensions that are commonly used to assess the performance of a product development effort.
The four specific dimensions of product development performance are as follows :Product quality: Product quality is one of the most significant dimensions that determine the success of a product in the market. The product should be of the best quality in order to meet customer expectations. The higher the quality of the product, the higher the customer satisfaction .Lead time: Lead time is the amount of time it takes to develop a product from concept to market launch. Reducing lead time is crucial because it directly affects the product's development cost, profit margins, and customer satisfaction.
The cost of developing a product includes various costs such as labor costs, material costs, development costs, and other indirect costs. The goal of the product development team is to minimize costs without compromising product quality.Risk management: Risk management is the process of identifying and assessing risks associated with product development. The team should develop a risk management plan to mitigate risks and uncertainties during the development process. By doing this, they can improve their chances of success in the market.
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Leopardstown Fitness Centre in Dublin is considering the purchase of some new training equipment which has a retail price of €8,600. The club has only €600 available to fund the purchase at this time. Following discussions with its local bank, as well as a sales representative from the suppliers, the centre is faced with the following possibilities.
Rental: Pay a monthly rental of €140 for five years, plus an annual maintenance payment of €150.
Hire purchase: Pay a deposit of €600, plus 60 monthly instalments of €150.
A final payment of €480 must then be paid.
Bank loan: Borrow the amount needed for five years on which interest is charged at a flat rate of 7% per annum.
Calculate the total cost of each option over a five-year period.
Answers
Answer:
The cost of each option is as below
Explanation:
Option A: Rental
monthly rental for five years: each month €140
Each year has a maintenance fee of €150.
The total of the rental will be monthly rent plus yearly charges.
One year has 12 months; five years will have = 12 x 5 = 60 months
For 60 months, rental payments will total 60 x €140= €8,400
Yearly charges = €140 x 5 = €700
Total for rental = €700 + €8,400
Total cost for rental = €99, 1100
Option B: Hire purchase
Total for hire purchase will be the deposit plus the total of monthly installments plus the final payment.
The deposit is €600
Total for monthly installments: 60 x €160= €9,600
the final payment is €480
Total for hire purchase= €600 + €9,600, + €480
Total cost for hire purchase=€10,680
Option Bank loan:
cost of the loan will be the principal amount plus the interest charged. Interest is 7% per year for five years. Principal amount is
€8,600
Interest = P x r x t,, since interest on a flat rate
=8600 x 7/100 x 5
=8600 x 0.07 x 5
=€3,010
The cost of the loan is €3,010+€8,600
=€11,610
Which is a source of passive income? (1 point)
O working as a consultant
O owning luxury cars
teaching about personal finance
O owning dividend stocks
Answers
Answer:
owning dividend stock is answer
Mark wrap with the 20 minute hold time, and any special guest requests.
