Abdullah is engaged in a business where he uses his creativity of producing ladies bags using the stems of sunflower. What type of business does Abdullah have? a. Wholesaling b. Industry c. Manufacturing d. Retailing
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- Which of the following are primarily merchandising businesses? Choose all answers that are correct. O grocery chain tech support dry cleaner hair salon pharmacy bookstore! Required information [The following information applies to the questions displayed below.] Joe and Jessie are married and have one dependent child, Lizzie. Lizzie is currently in college at State University. Joe works as a design engineer for a manufacturing firm, while Jessie runs a craft business from their home. Jessie's craft business consists of making craft items for sale at craft shows that are held periodically at various locations. Jessie spends considerable time and effort on her craft business, and it has been consistently profitable over the years. Joe and Jessie own a home and pay interest on their home loan (balance of $220,000) and a personal loan to pay for Lizzie's college expenses (balance of $35,000). Neither Joe nor Jessie is blind or over age 65, and they plan to file as married-joint. Assume that the employer portion of the self-employment tax on Jessie's income is $849. Joe and Jessie have summarized the income and expenses they expect to report this year as…Howard Millard recently opened a retail store specializing in hiking equipment and accessories. He was quite comfortable making decisions about the kinds of equipment he would stock in the store’s inventory, the décor of the retail space and his marketing strategy.An avid hiker since he was in his early teenage years and a competitive athlete, Howard knew the type of equipment that would be best to his target audience, and he knew that he needed to round out his merchandise mix with hats, shoes, energy drinks, snacks and other accessories. He was however, not certain about how to source the financing for this business venture. In speaking to a colleague he admitted that he personally did not possess the required financing to start such a business.To that end, he was cognizant of the fact that a sound business plan was necessary before approaching any potential lending institution or investor. This plan would provide details on the amount of money required and how he intends to utilize…
- Howard Millard recently opened a retail store specializing in hiking equipment and accessories. He was quite comfortable making decisions about the kinds of equipment he would stock in the store’s inventory, the décor of the retail space and his marketing strategy.An avid hiker since he was in his early teenage years and a competitive athlete, Howard knew the type of equipment that would be best to his target audience, and he knew that he needed to round out his merchandise mix with hats, shoes, energy drinks, snacks and other accessories. He was however, not certain about how to source the financing for this business venture. In speaking to a colleague he admitted that he personally did not possess the required financing to start such a business.To that end, he was cognizant of the fact that a sound business plan was necessary before approaching any potential lending institution or investor. This plan would provide details on the amount of money required and how he intends to utilize…Harold McWilliams owns and manages a general merchandise store in a rural area of Virginia. Harold sells appliances, clothing, auto parts, and farming equipment, among a wide variety of other types of merchandise. Because of normal seasonal and cyclical fluctuations in the local economy, he knows that his business will also have these fluctuations, and he is planning to use CVP analysis to help him understand how he can expect his profits to change with these fluctuations. Harold has the following information for his most recent year. Cost of goods sold represents the cost paid for the merchandise he sells, while operating costs represent rent, insurance, and salaries, which are entirely fixed. Sales $ 740,000 Cost of merchandise sold 407,000 Contribution margin 333,000 Operating costs 153,900 Operating profit $ 179,100 Required: What is Harold’s margin of safety (MOS) in dollars? (Do not round intermediate calculations.) What is the margin of safety (MOS) ratio?…Question 4.1 White Wizard Company makes golf equipment for retailers around the world. Below you will find a number of activities and cost at White Wizard Company. Required: Please list the activity as either, “Batch-level”, “Unit-level”, “Product-level”, “Customer-level” or “Organization-sustaining”. Activity Level 1) A sales representative visits an old customer to check on how the company’s golf carts are working out and to try and make a new sale. 2) A steering wheel is installed in a golf cart. 3) The marketing department has a catalogue printed and then mails them to golf course managers. 4) Completed golf carts are individually tested on the company’s test track. 5) Molding and sanding each unit of product 6) An outside lawyer draws up a new generic sales contract for the company, limiting Go Pro’s liability…
- Howard Millard recently opened a retail store specializing in hiking equipment and accessories. Hewas quite comfortable making decisions about the kinds of equipment he would stock in the store’sinventory, the décor of the retail space and his marketing strategy.An avid hiker since he was in his early teenage years and a competitive athlete, Howard knew the typeof equipment that would be best to his target audience, and he knew that he needed to round out hismerchandise mix with hats, shoes, energy drinks, snacks and other accessories. He was however, notcertain about how to source the financing for this business venture. In speaking to a colleague headmitted that he personally did not possess the required financing to start such a business.To that end, he was cognizant of the fact that a sound business plan was necessary before approachingany potential lending institution or investor. This plan would provide details on the amount of moneyrequired and how he intends to utilize the…Problem Solving: In a Worksheet, Answer the Following: Your grouping as per the Entrepreneurship need to be utilized to clear out all the problems stated here. Only 1 member will submit the Performance Task in Paper, however, any feedback on any member not performing their part, will have to be submitted too. 1 Martin is retailer, engaged in selling sumptuous deserts. Martin sells four products as of the moment, Toasted Pastillas, yema Balls, Red Velvet Crinkles and Sylvanas. Martin wants to prepare a sales budget for the fourth quarter of 2014 in order to properly anticipate his inflows of revenue Sales Forecast in per pack of each product is as follows: October November December Toasted Pastillas 15000 24000 42000 Yema Balls Martin sells the products under the following prices: Toasted Pastillas - P120/pack Yema Balls-P 100/pack 18000 18500 20000 Red Velvet Crinkles 12000 14000 18000 Sylvanas Red Velvet Crinkles - P180/pack Sylvanas-P 200/pack Prepare Martin's Sales Budget for the…Howard Millard recently opened a retail store specializing in hiking equipment and accessories. He was quite comfortable making decisions about the kinds of equipment he would stock in the store’s inventory, the décor of the retail space and his marketing strategy.An avid hiker since he was in his early teenage years and a competitive athlete, Howard knew the type of equipment that would be best to his target audience, and he knew that he needed to round out his merchandise mix with hats, shoes, energy drinks, snacks and other accessories. He was however, not certain about how to source the financing for this business venture. In speaking to a colleague he admitted that he personally did not possess the required financing to start such a business. To that end, he was cognizant of the fact that a sound business plan was necessary before approaching any potential lending institution or investor. This plan would provide details on the amount of money required and how he intends to utilize…
- Introduction to businessHoward Millard recently opened a retail store specializing in hiking equipment and accessories. He was quite comfortable making decisions about the kinds of equipment he would stock in the store’s inventory, the décor of the retail space and his marketing strategy.An avid hiker since he was in his early teenage years and a competitive athlete, Howard knew the type of equipment that would be best to his target audience, and he knew that he needed to round out his merchandise mix with hats, shoes, energy drinks, snacks and other accessories. He was however, not certain about how to source the financing for this business venture. In speaking to a colleague he admitted that he personally did not possess the required financing to start such a business.To that end, he was cognizant of the fact that a sound business plan was necessary before approaching any potential lending institution or investor. This plan would provide details on the amount of money required and how he intends to utilize…