What are three critical questions that entrepreneurs need to ask themselves while starting a business? Which location would be the most advantageous for my business? What business structure would best suit my business? Which recruitment agency should I use for hiring workers? How many paid leaves can I give my employees in a year? What is the total cost of ownership of my capital purchases?

Answers

Answer 1

Answer:

1.) Which location would be the most advantageous for my business.

2.) What business structure would best suit my business?

3.) What is the total cost of ownership of my capital purchases

Explanation:

Location: Siting a business location is widely regarded as one of the most critical decision one has to make when starting a business. A locaction which is accessible and also harbors the business choice of consumer.

2.) Business Structure : Careful planning, perusal and adoption of a model for one's business is a very essential decision to be at the beginning of a startup. Entrepreneurs may need to decide if embarking on a business alone or partnering with an already existing company or partner will reap the most benefit.

3.) Cost of ownership of capital purchase:

Capital purchases are very essential in starting a business. It incorporates building, facilities and essential equipment needed to run the business. Estimating the cost is very important while preparing for begin a start-up.

Answer 2

The three critical questions that entrepreneurs need to ask themselves while starting a business is as follows:

1.) Which location would be the most advantageous for my business.

2.) What business structure would best suit my business?

3.) What is the total cost of ownership of my capital purchases

The explanation is as follows:

Location: Siting a business location is widely regarded as one of the most critical decision one has to make when starting a business. Business Structure : Careful planning of a model for one's business is a very essential decision to be at the beginning of a startup. Cost of ownership of capital purchase: Capital purchases are very essential in starting a business. It incorporates building, facilities and essential equipment needed to run the business.

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Related Questions

For 2019, Gourmet Kitchen Products reported $22.5 million of sales and $17 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 10% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2019? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Answers

Answer: $2,625,000

Explanation:

From the question, we are told that

Gourmet Kitchen Products reported $22.5 million of sales and $17 million of operating costs which included depreciation and that the company has $15 million of total invested capital. We were also given the after-tax cost of capital as 10% and the federal-plus-state income tax rate as 25%.

The economic value added will be the difference between the net operating profit after taxes and the invested capital which will then be multiplied by the cost of capital. This can be written as:

= ($22,500,000 - $17,000,000) × (1 - 25%) - ($15,000,000 × 10%]

= ($5,500,000 × 0.75) - ($1,500,000)

= $4,125,000 - $1,500,000

= $2,625,000

The firm's firm's economic value added (EVA) will be $2,625,000

Has two products. financial data for both the products​ follow: le cadre la bougie units sold ​2,200 units 600 units sales price per unit ​$500 ​$1,200 variable manufacturing cost per unit 320 750 sales commission​ (% of​ sales) ​7% ​4% verge has two sales representativeslong dash rosemary wilson and maria blanco. each representative sold a total of​ 1,400 units during the month of march. rosemary had a sales mix of​ 60% le cadre and​ 40% la bougie. maria had a sales mix of​ 80% le cadre and​ 20% la bougie. based on the above​ information, calculate​ rosemary's total contribution to company profits.

Answers

Answer:$346,920

Explanation:

                            Le Cadre          La Bougie

Units sold               2200                  600

Unit price                  500                 1200

Sale revenue        1,100,000          720,000

variable cost           320                    750

sales Commission     7%                     4%

Rosemary sales       840                     560

Maria                         1120                    280

Rosemary sales =(840*500) + (560*1200)

                        420,000 +672,000=                         1,092,000

Cost of goods sold =(320*840) + (750*560)

                                 268,800+420,000                     (688,800)

Sales commission (7%*420000)+(4%*672,000)

                                 29,400+26,888                             (56,280)

   Profit                                                                          346,920

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