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On the 1 June,Hazel Ltd Commenced Business with $10,000 Cash

question 37

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On the 1 June,Hazel Ltd commenced business with $10,000 cash and immediately purchased 2000 sprockets for $5 each.On the 30 June it sold all the units for $10.The current cost of the units on 30 June was $5.50.
What would be the profit for Hazel Ltd under the physical capital perspective?

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Definitions:

Legitimate Power

The authority a leader holds as a result of their position in an organization, which compels followers to obey.

Inborn Qualities

Traits or characteristics that are present from birth, often used in discussions about natural talent or predispositions.

Position Power

The authority and influence bestowed by a position or office in an organization, enabling control over resources and decision-making.

Define Leadership

The act of guiding or influencing a group towards a goal by providing direction, implementing plans, and inspiring people.

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