Question

Dream about the business you would like to start. Identify/discuss the fixed costs, variable costs, and...

Dream about the business you would like to start. Identify/discuss the fixed costs, variable costs, and the implicit costs in that business.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You are about to start your own business like a restaurant what would be the best...
You are about to start your own business like a restaurant what would be the best form of business organization (e.g.partnership, LLC, etc.) for your business and why. In discussing “why”, please include the pros and cons over all other available alternatives.
Suppose you need $1 million dollars to start your Dream Business. Research ways to get the...
Suppose you need $1 million dollars to start your Dream Business. Research ways to get the money for such a business. Compare two (2) sources of financing you might obtain. (e.g., Small Business Administration (SBA), private investors, private loans, personal assets, and / or personal credit cards.) Identify the risks and benefits of your two (2) choices.
Suppose you need $1 million dollars to start your Dream Business. Research ways to get the...
Suppose you need $1 million dollars to start your Dream Business. Research ways to get the money for such a business. Compare two (2) sources of financing you might obtain. (e.g., Small Business Administration (SBA), private investors, private loans, personal assets, and / or personal credit cards.) Identify the risks and benefits of your two (2) choices.
Discuss the differences between variable costs and fixed costs. Why is it desirable to allocate variable...
Discuss the differences between variable costs and fixed costs. Why is it desirable to allocate variable costs and fixed costs separately? Give an example of each type.
State the name of a business with which you are familiar. List 5 fixed costs and...
State the name of a business with which you are familiar. List 5 fixed costs and 5 variable costs that business deals with. State your opinion about whether this business has relatively high or low fixed costs.
Thinking about today’s business climate, would you say that now is a good time to start...
Thinking about today’s business climate, would you say that now is a good time to start a business? Why or why not?
A) When output is 50, fixed costs are $1,000, and variable costs are $2,000, what is...
A) When output is 50, fixed costs are $1,000, and variable costs are $2,000, what is the average total cost? $20 $40 $60 $80? B) Economic profit is: total revenue minus explicit measurable costs. explicit revenues minus explicit costs. implicit and explicit revenues minus implicit and explicit costs. implicit and explicit revenues minus implicit costs.
Why is Understanding and Managing Start-up, Fixed, and Variable Costs so very important?
Why is Understanding and Managing Start-up, Fixed, and Variable Costs so very important?
Aya and Harumi would like to buy a house and their dream house costs $500,000. They...
Aya and Harumi would like to buy a house and their dream house costs $500,000. They have $50,000 saved up for a down payment but would still need to take out a mortgage loan for the remaining $450,000 and they’re not sure whether they could afford the monthly loan payments. The bank has offered them an interest rate of 4.25%, compounded monthly. How much would they have to be able to afford to pay each month in order to pay...
1. Assume that you would start a business of having a hot dog truck at KPU...
1. Assume that you would start a business of having a hot dog truck at KPU Surrey campus a. Identify your fixed costs and variable costs b. Identify pricing tactic you would deploy? c. Decide on a selling price for your hot dog (consider you have only one size) d. what is your mark up? e. Based on your selling price, what is your contribution? f. How many hot dogs do you need to sell to make a profit per...