Please help
Case Study: Will my business survive?

Eric started his craft shop six months ago. At first, sales had been high as local residents and some tourists were attracted by the unusual designs and competitive prices. After four months, he started having problems with some suppliers, complaining about the shortage of suitably qualified staff. Eric also noticed that during the off-peak tourist season, sales fell by over 50%. He had chosen a cheap site in quite a poor area for his shop, and he was worried about damage to his property, as without tourists, the area was very quiet and some unemployed youths had broken other shop windows.

His shop had been visited by the local Trading Standards officer as a customer had complained that a piece of jewelry that Eric had thought was white gold was, in fact, made from silver.

The off-peak months were causing Eric financial problems too. He still had to pay the fixed cost of rent and local taxes, yet his cash inflows were very low. He started to wonder if his business could survive until the next peak tourist season and whether he should have taken up the offer of a Business Management degree course before going into business.

1) Outline the micro- environmental problems that Eric’s business is facing.
2) Explain how Eric might overcome these problems.
3) Outline any THREE macro-environmental problems that Eric’s business is facing.
4) Explain how Eric might overcome these problems.
Thank you!

The micro problems that Eric's business is facing are:

To overcome issues with supplies, Eric will have to speak with his suppliers and link them up with suitable HR personnel to tackle the personnel problems they are having. In the short run, he needs to get more suppliers.

With regard to overhead costs, Eric must consider auditing his costs and taking the business online. By doing this, he can sell his crafts in season and off-season, thereby, covering up for overheads during off-season.

The three macro-environmental problems are:

1. To tackle the short-fall in sales, Eric should consider doing more adverts while competing on high-end customer services, given that the prices are already competitive.

2. Because the area is not so secure, he in short-run must consider getting the business insured whilst employing the services of a professional security outfit.

3. It is important that Eric's business, in the short-run, refers the Local Trading Standards Office to his suppliers while getting training on how to identify quality jewelry.

Learn more about Business Management at:

https://brainly.com/question/26106218

Marco Company shows the following costs for three jobs worked on in April.


Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 29,000 $ 37,000
Direct labor used (in March) 24,000 18,000
Overhead applied (March) 12,000 9,000
Costs during April
Direct materials used 134,000 210,000 $ 120,000
Direct labor used 104,000 155,000 103,000
Overhead applied ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process


Additional Information

Raw Materials Inventory has a March 31 balance of $89,000.
Raw materials purchases in April are $550,000, and total factory payroll cost in April is $386,000.
Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $24,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $55,000.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $650,000 cash in April.
Required:
1. Determine the amount of overhead applied to each job in April.

Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example to support your answer. Would your choice be the same if prices were falling?

what are the key of success of business.

Select all the correct answers. What are the two reasons that private lending institutions offer a title loan to consumers who have a poor or average credit score? because they are certain that the loan will be repaid because ownership of the car remains with them because the loan amount is minimal because they earn a high interest because they are doing a charitable service

For cost of capital purposes, the firm should always consider reinvested earnings as the first source of capital – i.e. use these funds first- because reinvested earnings have no cost to the firm.
A. True
B. False

Providing supervision is generally known as a good: OSHA


Work practice control

Engineering control

Personal protective control

Administrative control

Consider a bond selling at par with modified duration of 10.6 years and convexity of 210. A 2% decrease in yield would cause the price to increase by 21.2% according to the duration rule. What would be the percentage price change according to the duration-with-convexity rule? Group of answer choices 25.4%

Best way to find a new job?

Differentiate between per capita national income and Human Development index

Click this link to view O*NET’s Skills section for Hotel, Motel, and Resort Desk Clerks.

Note that common skills are listed toward the top, and less common skills are listed toward the bottom.

According to O*NET, what are common skills needed by Hotel, Motel, and Resort Desk Clerks? Select four options.

science
social perceptiveness
service orientation
speaking
active listening
equipment maintenance

Mark carefully analyzed his financial portfolio and found out that every time the European Central Bank increases its discount rate by a decimal point his revenue decreases by 100 €. On the other hand, if the ECB lowers its discount rate by a decimal point his revenue increases by 65 €. In February 2012 (leap year) the ECB has not changed the discount rate for 19 days;
when it did change the rate, the variation was always of a single decimal point. Assuming the ECB can vary its discount rate only once a day, how many times did it make a positive change in the rate if Mark's revenue increased by 155 € at the end of the month? ​

#20 Employers include __________ plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.

a. group health
b. municipal
c. public
d. government

2) Can a caterer use leftover foods donated to a charity as a charitable tax deduction? Why or why not?

1. How is check imaging used ?

Problem 4: The table describes a 10-person economy. Each person in this economy has 1 dollar that he might save or
consume. He saves only if he can obtain a return on savings at least as high as the rate indicated in the first column. Each
person also has access to an investment project paying the return listed in the second column. He is willing to undertake
the investment using his own savings only if the return on his investment is at least as high as the return he requires to
make saving attractive. He is willing to undertake the investment using a loan from a financial intermediary only if the
investment pays a return greater than or equal to the interest rate he must pay on the loan. He prefers to finance the
investment out of his own savings rather than a loan (if available) only if the return he requires to render saving
attractive is lower than the interest rate he must pay on a loan.
Saves If
Available Investment
Person
Return 2 (Percent) Return (Percent)
5
5
1
5
2
8
3
5
9
4
8
5
5
8
5
8
5
6
7
10
9
8
10
10
9
9
20
20
10
15
a. Assume first that the costs of carrying out financial transactions are so high that no borrowing or lending takes place.
As a result, the only way a person can earn a return on savings is by investing in his own investment project. Which
people will invest in this case? What is the simple average of the returns on the investments undertaken?

You have $27,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 10.5 percent. If your goal is to create a portfolio with an expected return of 12.88 percent, how much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations and round your answer to the nearest dollar, e.g., 32.)

Forecasting the demand for labor

The interest rate that is printed on the bond certificate is referred to as any of the following except: Question 6 options: Effective rate. Contract rate. Stated rate. Nominal rate.

The standard rate per unit that a company expects to pay for variable overhead equals the

How does intellectual property differ from typical consumer products?
O Consumer products are not as easily secured.
Intellectual property is more valuable.
O Consumer products are more valuable.
Intellectual property is not as easily secured.

A customer requirement from an online retail store is "timeliness of clothing delivery." Which of the following is most likely to be the specific measure of that requirement?

can someone help me!

1. The following table shows sales of a shoe company during years 2020 and 2021. Forecast the next four points, i.e., Spring, Summer, Fall, and Winter of 2022.
Date # of shoes sold
Spring 2020
Summer 2020 12000 D2
9000 D1
Fall 2020
Winter 2020 4000 D4
Winter 2021
2. Use the same table in the question one and this time use the moving average method to forecast F5, F6, F7, F8.
8000 D3
Spring 2021
Summer 2021 13000 D6 Fall 2021 7500 D7
8500 D5 3300 D8

Which is a special clause in an insurance contract that stipulates additional coverage over and above the standard contract?

a. deductible
b. copayment
c. coinsurance
d. rider

By having its machines located inside grocery stores, gas stations, drugstores, etc., where consumers often shop, state lotteries offer
to the distribution process.
Multiple Choice
form
place
Information

A sales person sets a starting price of a new car that the buyer thinks is slightly too high. What type of price might the buyer counter with?

A bid price
An offer price

Compute prime cost given the following data: direct materials, $ 47,500; direct labor, $ 96,300; factory overhead, $ 87,900; and selling expenses, $ 54,290. a. $ 142,190 b. $ 285,990 c. $ 143,800 d. $ 184,200

The job of a manager demands a mixture of several types of skills

Please answer in one minute will mark BRAINLIST

The best way to start a statement on your résumé is with _____. a. “I” or “My” b. a noun c. an active verb d. an adjective Please select the best answer from the choices provided A B C D

here your picture!yay