The statement 'a franchisee can operate as an independent businessperson and choose any business form but still obtain the advantages of a regional or national organization' is true.
In the field of business, a franchise can be described as a business that works under a particular trade name or trademark. As the trade name or trademark is already an established one in the market, it helps the business person to already have an identity and consumers.
The franchisee has the right to operate as an independent businessperson and he can choose to work on any business that he wants. The franchisee will obtain the advantages of a regional or national organization which will help in the business.
Although a part of your question is missing, you might be referring to this question:
A franchisee can operate as an independent businessperson and choose any business form but still obtain the advantages of a regional or national organization. True or false.
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an example of a new technology that can increase productivity is:multiple choice question.a new and improved machine to pick coffee beans.coffee pickers who are younger and fitter.more workers picking coffee.more acreage devoted to coffee.
An example of new technology that can increase productivity is a new and improved coffee bean harvesting machine.
How can new technologies increase productivity?
Offloading repetitive and tedious tasks to supercomputers increases productivity. Additionally, it lessens the chance of human error. Plus, letting technology do the heavy lifting frees up your time and resources to focus on important business tasks and revenue-generating activities.
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What type of decision-support system analysis uses a backward solution approach that attempts to calculate the value of the inputs necessary to achieve a desired level of output?.
In order to determine the value of the inputs required to produce a desired level of output, goal-seeking analysis employs a backward solution approach.
In general, goal seeking refers to the act of determining your input value based on an already known output value. In order to complete the procedure, a formula that can be calculated using computer software must have a specified operator. You can change a formula's input value to get the result you want by using Excel's Goal Seek function. When you are unsure of the values necessary to achieve a desired outcome but are aware of the desired goal itself, this What-If Analysis technique is ideal. To make use of (someone or something that is not doing anything) Use a pen for sketching is called employ. To employ something or someone implies to put them to use.
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hicks health clubs, inc., expects to generate an annual ebit of $750,000 and needs to obtain financing for $1,200,000 of assets. the company’s tax bracket is 40%. if the firm uses short-term debt, its rate will be 7.5%, and if it uses long-term debt, its rate will be 9%. by how much will earnings after taxes change if the company chooses to use short-term debt financing for the first year? multiple choice $10,000 $10,800 $18,000 $6,000
If the company chooses to use short-term debt financing for the first year, its earnings after taxes can increase by $10,800.
EBIT, commonly referred to as operational profit, stands for earnings before interest and taxes. You may calculate it by subtracting operating costs and depreciation from operating revenues. Understanding the business's profitability requires using this crucial metric.
Earnings before interest and taxes, or EBIT, are a company's net earnings before income tax and interest charges are subtracted.EBIT is used to examine the performance of a business's basic activities without taking into account the influence of capital structure and tax charges on profit.Since they both do not include interest and tax costs in their computations, EBIT is sometimes referred to as operational income. Operating income and EBIT can occasionally diverge, though.Learn more about EBIT, here
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An economy is in long-run macroeconomic equilibrium. What will be the short-run effects of an increase in investment spending?.
An increase in real output, a decrease in the state, and a rise within the indicator. The increase in mixture demand can cause higher economic processes and presumably inflation. Suppose an economy is alleged to be in long equilibrium.
In that case, Real GDP is at its potential output, the particular pct can equal the natural rate of state (about 6%), and therefore the actual indicator can equal the anticipated indicator.
The short-run in economic science may be an amount during which wages and a few alternative costs are a unit sticky. The long haul may be when full wage, worth flexibility, and market adjustment have been achieved, so the economy is at the natural level of employment and potential output.
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xyz company is developing an application. after a few months of initial development, they decide to go through quality assurance testing. the tests show poor results. the developers realize that they have to make changes to their application but to do so, they will have to start their development process all over again. what kind of model are they using?
XYZ company is developing an application. after a few months of initial development, they decide to go through quality assurance testing. the tests show poor results.
The developers realize that they have to make changes to their application but to do so, they will have to start their development process all over again. what kind of model are they using Waterfall model. The Traffic Light Protocol (TLP) turned into created as a way to facilitate more sharing of records. TLP is a hard and fast of designations and poor results used to make certain that touchy records are shared with the ideal audience. It employs 4 colorings to signify predicted sharing limitations to be carried out via way of means of the recipient(s).
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attacking the competitive weaknesses of rivals, adopting and improving on the good ideas of other companies, and deliberately attacking market segments where rivals make a huge profit, are examples of multiple choice question. blue ocean strategies. offensive strategies. early-mover strategies. defensive strategies.
A forward integration strategy may be used by some businesses primarily for the purpose of tightening up control over consumer prices.
What prompted some businesses to implement forward vertical integration strategies?
Advantages of Forward Integration The strategy generally eliminates a variety of transportation and transaction costs. As a result, the company's product ends up costing less overall. As a result, lowering product prices can help a business expand its market share.
Two distinct businesses are combined in a merger into a single legal entity. True mergers are uncommon because it is uncommon for two comparable businesses to benefit from combining staff and resources, including CEOs.
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Why is it important to know how much time it takes me to do a job?
Answer:
It has lot of advantage.
Explanation:
So, basically if you know how much time you work it proves that you are mindful about everything and if you know the time you take to do the job depending on it you can ask a friend help depending on the circumstances.
Record journal entries for tree seedlings’ sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and lifo. All sales and purchases are made on account, and no discounts are offered. True of false?.
The journal entries to record the sales and purchases transactions for Tree Seedlings, using a perpetual inventory system and LIFO, are as follows:
Journal Entries:Jan. 3 Debit Accounts Receivable $304
Credit Sales Revenue $304
Jan. 3 Debit Cost of goods sold $76
Credit Inventory $76
Feb. 14 Debit Inventory $258
Credit Accounts Payable $258
Feb. 15 Debit Accounts Receivable $640
Credit Sales Revenue $640
Feb. 15 Debit Cost of goods sold $240
Credit Inventory $240
June 30 Debit Inventory $440
Credit Accounts Payable $440
Nov. 6 Debit Accounts Receivable $784
Credit Sales Revenue $784
Nov. 6 Debit Cost of goods sold $392
Credit Inventory $392
Nov. 19 Debit Inventory $140
Credit Accounts Payable $140
How are transactions recorded using a perpetual inventory system and LIFO?When an entity uses the perpetual inventory system, transactions are recorded as they occur and not at the period's end, depending on the inventory method applied.
Purchases are recorded in the Inventory account and the cost of goods sold is determined immediately after a sale transaction occurs.
With Last-in, First-out (LIFO), ensure that the cost of goods sold refers to the latest purchases.
Transaction Analysis:Jan. 3 Accounts Receivable $304 Sales Revenue $304
Jan. 3 Cost of goods sold $76 Inventory $76
Feb. 14 Inventory $258 Accounts Payable $258
Feb. 15 Accounts Receivable $640 Sales Revenue $640
Feb. 15 Cost of goods sold $240 Inventory $240
June 30 Inventory $440 Accounts Payable $440
Nov. 6 Accounts Receivable $784 Sales Revenue $784
Nov. 6 Cost of goods sold $392 Inventory $392
Nov. 19 Inventory $140 Accounts Payable $140
Date Activities Units Unit Cost/ Price Total Sales
Jan. 1 Beginning inventory 60 $2 $120
Jan 3 Sales (38) $8 $304
Feb. 14 Purchases 86 $3 258
Feb. 15 Sales (80) $8 640
June 30 Purchases 110 $4 440
Nov. 6 Sales (98) $8 784
Nov. 19 Purchases 28 $5 140
Total cost of goods available 284 $958
Total sales revenue 216 $1,728
Ending inventory 68
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Question Completion:Date Activities Units Unit Cost/ Price Total Sales
Jan. 1 Beginning inventory 60 $2 $120
Jan 3 Sales (38) $8
Feb. 14 Purchases 86 $3 258
Feb. 15 Sales (80) $8
June 30 Purchases 110 $4 440
Nov. 6 Sales (98) $8
Nov. 19 Purchases 28 $5 140
if you need to make a decision and all the information needed to make a good decision is not available, then you: have to make a prediction. face an analysis hurdle. have a knowledge problem. are dealing with a partitioning issue.
if you need to make a decision and all the information needed to make a good decision is not available, have a knowledge problem.
What is a knowledge problem?This is the term that is sued to refer to the problem that would exist due to the fact that there is a lack of information that would have been used to make the good decision that the person is trying to make.
In order to make good decisions, one of the factors that a person would have to think of is that they should have the right information that they would be used.
The right information helps to ensure that a person would pick the choice that is best for him or her and it would also help to ensure that the person that to make the decision ends up picking the best out of all that they are to do .
Hence the correct answer is they have a knowledge problem.
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allows for some flexibility in the budget for unexpected events.
Answer:
Agile budgeting gives you the flexibility to alter your budget in response to changing market conditions or unexpected events.
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Give an example of a specialist external agency that your chosen business could use to advertise for a specific job role. State what job role you are referring to
It is probably the most common and effective external recruitment method, as recruiters can reach a much wider talent pool. In fact, job boards make it smoother for candidates to find open positions and apply for them.
"Nomination" is a part of the system of choosing a candidate for either election to an administrative center thru a political celebration or the bestowing of an honor or award. This man or woman is referred to as a "nominee", although nominee often is used interchangeably with "candidate". A presumptive nominee is someone or a commercial enterprise organization who believes that the nomination is inevitable or possibly. The act of being a candidate in a race for either a party nomination or for electoral office is called a "candidacy". A presumptive candidate can be used to describe a person who is predicted to be a formal candidate.
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elasticity measures: group of answer choices the inverse of the slope of a demand curve. sensitivity of price to a change in quantity. the slope of a demand curve. the percentage change in one variable in response to a one percent increase in another variable.
The elasticity measurements' solution is the price's sensitivity to a change in quantity.
The concept of quantity, often known as amount, can be expressed as a plurality or magnitude, which shows both discontinuity and continuity. Quantities can be contrasted using the phrases "more," "less," or "equal," or by putting a numerical value that is a multiple of the unit of measurement. Quantitative properties include things like mass, time, distance, heat, and angles.
Among the fundamental categories of things are quality, substance, change, and relation. Some quantities act as states of things like heavy and light, long and short, broad and narrow, tiny and big, or much and little, while others serve as properties, dimensions, or attributes of those objects.
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explain the utility of electronic communication service.
Answer:-
provides to a user the ability to send or receive an electronic communication.
Explanation:-
Electronic communication service means a service that provides the ability to send or receive wire or electronic communications to users of the service.
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one of the things that you learn from the interns in the opening video of session 06 is that in supply chain management, even as an intern, you get to:
Answer:
Do something
Explanation:
That's all
select all that apply what are some of the drawback(s) to profit maximization as the primary goal of the firm? multiple select question. there is no drawback associated with profit maximization as the primary goal of the firm it fails to consider the timing of the benefits. it may not account for increases in risk with higher profits. the firm may have to claim more tax exemptions due to making more profit.
Some of the drawback(s) to profit maximization as the primary goal of the firm are:
it may not account for increases in risk with higher profits. the firm may have to claim more tax exemptions due to making more profit.What is profit maximization?Profit maximization can be described s the term that explain the effort of a firm to be able to increase their profit that is been generated to the company .
It should be noted that one of the draw back that can be associated to the profit maximization is that there could be some risk that would be associated to this in the long run because the maximization will still be okay at the shoprt run.
Therefore, the second to the last option and the last option are correct.
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A business owner who is acquiring a partner in order to obtain additional operating funds is performing which business activity?.
Fund - Financial analysis is the planning, upkeep, oversight, management, and reporting of the use of financial resources. It entails tasks related to raising money and applying it to the company's objectives.
What is fund?
A fund is a collection of funds set aside for a particular objective. A fund can be created for a variety of purposes, such as the construction of a new civic centre by the city government, the awarding of scholarships at a college, or the payment of customer claims by an insurance company. Funds are used by people, companies, and governments to save money. To cover unforeseen costs, people may create an emergency fund, also known as a rainy-day fund, or a trust fund to save money for a particular person. Money can be invested by both individuals and institutions in various funds with the intention of making money.
The financial analysis function encompasses all business operations involving the acquisition, use, investment, etc. of funds. A business owner who is taking on a partner to secure more operating capital is engaged in financial analysis.)
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founded in 1939 by a magazine publisher- martin goodman marvel was born thanks to a pulp magazine publisher by the name of martin goodman. at this time, comics were becoming increasingly popular, so goodman joined forces with his brother abraham goodman to start marvel comics under the original name of timely publications. goodman created ‘timely comics’-introducing superhero character such as captain america once timely publications was started, it was time for goodman to get to work on creating the universe for the comics. the comics went under the name of ‘timely comics’ at first, with the first comic called marvel comics released in october 1939. this comic featured a few early characters, including the human torch and namor the sub mariner. this comic was a tremendous hit, selling around 900,000 copies in just the first two months. later on, more staff members were employed, including joe simon and jack kirby who helped to create one of the most well known marvel superheroes - captain america, the first avenger! captain america was released to the world in captain america comics
Martin Goodman, also known as Moe Goodman, was an American publisher of pulp magazines, paperback novels, men's adventure publications, and comic comics.
Martin Goodman, the publisher of pulp magazines, established the forerunner of Marvel Comics in 1939. Goodman founded Timely Comics in order to take advantage of the comic books' rising popularity, particularly those featuring superheroes. Marvel Comics no. 1, which had a cover date of October 1939, was Timely's debut comic book. It featured a number of superheroes, including the Human Torch and the Sub-Mariner. Captain America, who made his debut in Captain America Comics no. 1 during the "Golden Age" of comics in the 1940s, was among the numerous superheroes that Timely Comics introduced (March 1941). Even before the United States entered World War II, timely characters were frequently shown battling the Nazis and the Japanese.
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the government imposes a tax on the production of coffee. at the same time, the price of tea (a substitute good) has decreased. given these two effects, what will happen to the current equilibrium quantity and price of coffee?
Since coffee can be considered to be a cover for tea, an increase in its price should beget the demand for tea to increase. This will beget the demand curve for tea to shift to the right.
A lower price for tea, still, would be likely to reduce coffee demand, shifting the demand curve for coffee to the left wing. In general, if a reduction in the price of one good increases the demand for another, the two goods are called complements.
What's complement and substitute ?
Complements are goods that are consumed together. Substitute are goods where you can consume one in place of the other. The prices of reciprocal or substitute goods also shift the demand wind.
What is supplementary and complementary goods known ?Supplementary Goods or Complementary Goods are goods that are used together.E.g. shoes and socks, cutter and cutting board, Flash back, reciprocal sounds like complete, so in a sense, the products will complete each other( it would make further sense if goods go together)
What's equilibrium quantity and price?The equilibrium price is the only price where the plans of consumers and the plans of directors agree — that is, where the quantum consumers want to buy of the product, quantity demanded, is equal to the quantum directors want to vend, volume supplied. This common volume is called the equilibrium quantity.
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ashburn corporation issued 10-year bonds two years ago at a coupon rate of 9 percent. the bonds make semiannual payments. if these bonds currently sell for 102 percent of par value, what is the ytm? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The market-required rate of return on bonds with comparable risks is known as the yield to maturity (YTM) of a bond.
This is typically a company's pre-tax cost of debt because the YTM determines the bond's price and any new issue must have a coupon rate equal to the YTM in order to be issued at par.
What does YTM stand for?
The total rate of return that a bond holder anticipates will get if a bond is held until maturity is known as YTM in the case of bonds. Yield to Maturity is calculated using the following formula: Yield to Maturity = [Annual Interest + (FV-Price)/Maturity] (FV + Price)/2
Is YTM the same as the interest rate?
Yield to maturity (YTM) is the overall interest rate that a bondholder who purchases a bond at market value and holds it until maturity will receive. It is, mathematically speaking, the discount rate at which the bond's price is equal to the total of all future cash flows (including principle repayment and coupon payments).
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Erica Martinez deposits three checks for $825.25, $253.45, and $180.26. Her cash consists of 20 one-dollar
bills, 8 five-dollar bills, 7 ten-dollar bills, and 16 quarters. She would like to receive $175 in cash.
Answer 3209
Explanation:
assessment 1: (static) many companies determine the price they charge... lo 2-5 many companies determine the price they charge for their products by adding an amount of desired profit to the cost of making or buying the product. frequently, it is inappropriate to use the actual cost of the product when implementing such a cost-plus pricing model. this statement is
Fed Ex delivers Alex's PC after he buys it from Dell. The thrower takes damage when they are hit. No, because the moment a common carrier receives the item, ownership of the object passes to the buyer.
According to U.S. law, a common carrier is any private or public company that transports goods or persons from one place to another for a fee. This phrase can also relate to telecommunications services and public utilities.
a business or organisation that offers the general public transportation services for people, goods, or communications
Transportation is the process of moving objects or people using a number of methods from one area to another. The rise of technology is a sign of civilisation, and in particular, of
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consider the following costs and decision-making situations: i. the cost of existing inventory, in a keep vs. disposal decision. ii. the cost of special electrical wiring, in an equipment acquisition decision. iii. the salary of a supervisor who will be transferred elsewhere in the organization, in a department-closure decision. which of the above costs is (are) relevant to the decision situation noted?
ii. the cost of special electrical wiring, in an equipment acquisition decision of the above costs is (are) relevant to the decision situation noted.
System maximum generally refers to a set of equipment or other objects generally used to reap a specific goal. specific jobs require one-of-a-kind forms of system.
Equipment is a tangible lengthy-time period asset that advantages an enterprise over several years of use. computer systems, vehicles and production machinery are all examples of equipment. they may be tangible due to the fact they have got a physical shape—in contrast to intangible assets (along with patents, emblems or copyrights) that don't.
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question mode multiple choice question jvl enterprises has set a target profit of $126,000. the company sells a single product for $50 per unit. variable costs are $15 per unit and fixed costs total $98,000. how many units does jvl have to sell to break-even?
There are 2800 units that JVL has to sell to Break-even.
Target profit of JVL Enterprises = $126000
Variable cost (VC) = $15
Selling price of a single unit (SP) = $50 per unit.
Fixed cost related to production (FC) = $98000
For finding the break-even unit we can divide the fixed cost with the difference of selling price and variable cost.
Break even unit = FC / (SP-VC)
= 98000 / (50 – 15)
= 2800 units
In economics, business, and specifically cost accounting, the break-even point (BEP) is the moment at which total revenue and total costs are equivalent. Even if opportunity costs were paid and capital obtained the projected return after adjusting for risk, there is no net gain or loss and one has achieved break-even. The break-even point (BEP) or break-even level denotes the sales amount necessary to cover all costs, including both fixed and variable costs to the business, in either unit or revenue terms.
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the wilmer group (wg) provides tax advice to multinational firms. wg charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed). the three professionals in wg and their rates per professional hour are as follows:
The Wilmer group (wg), which offers tax guidance to multinational firms, will bill the client for $14,222.
A multinational firms is one that has activities outside of its own country. Because doing business internationally presents risk and return potential that are not present in strictly domestic commercial operations, these organizations have become more sophisticated in their international financial dealings.
A company that conducts business in at least one nation besides its own is referred to as a multinational firms. According to certain definitions, it also makes at least 25% of its money outside of the country where it was born.
A multinational firms typically has locations in several nations throughout the world, as well as a centralized headquarters that organizes global administration.
Springfield Dominion
Direct Professional Costs Support Costs Amount Billed to Client
Matthew Wilmer 8,840 2,652 11,492
Alexandra Brown 600 180 780
Jerome Abott 1,500 450 1,950
Total 14,222
Working
Matthew Wilmer (17*520) (8,840*30%)
Alexandra Brown (3*200) (600*30%
Jerome Abott (25*60) (1,500*30%)
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The complete question is
The Wilmer Group (WG) provides tax advice to multinational firms. WG charges clients for
(a) direct professional time (at an hourly rate) and
(b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows.
Professional
Billing Rate per Hour
Mark Wilmer $500
Ashley Bennet 170
John Amesbury 70
The hours of professional time spent on each client are as follows:
Hours per Client
Professional
San Antonio Dominion
Amsterdam Enterprises
Wilmer 21 3
Bennet 4 11
Amesbury 30 41
Total 55 55
1. What amounts did WG bill to San Antonio Dominion and Amsterdam Enterprises for May 2013?
2. Suppose support services were billed at $55 per professional labor-hour (instead of 30% of professional labor costs). How would this change affect the amounts WG billed to the two clients for May 2013? Comment on the differences between the amounts billed in requirements 1 and 2.
3. How would you determine whether professional labor costs or professional labor-hours is the more appropriate allocation base for WG's support services?
Check : Determine the formula needed to calculate the total cost per professional for each client when WG allocates support costs at 30% of direct professional costs.
anita walsh is considering an additional charitable contribution of $1,500 to a tax-deductible charity, bringing her total itemized deductions to $16,000. if michele is in a 24 percent tax bracket, how much will this $1,500 contribution reduce her taxes?
Her tax savings from this $1,500 contribution will be $360.
What is tax?
Tax compliance refers to policy actions as well as individual behaviour aimed at ensuring that taxpayers pay the right amount of tax just at right time and securing the correct tax allowances and tax reliefs. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an personal or legal entity) by a governmental organisation in order to fund government spending as well as various public expenditures. Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt. Failure to make timely payments as well as tax evasion or resistance are examples of breaking the law. Taxes can be direct or indirect and can be paid cash or through the labour equivalent.
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Andy, brenda, carol, and david sell custom made sofas. Andy’s willingness to sell each sofa is $2200, brenda’s willingness to sell each sofa is $2500, carol’s willingness to sell each sofa is $3200 and david’s willingness to sell each sofa is $4000. Assuming each individual can only sell one sofa at a time, what is total producer surplus if the market price for sofa is $3000?.
Andy’s willingness to sell each sofa is $2200, brenda’s willingness to sell each sofa is $2500, sofa is $3200 and david’s willingness to sell each sofa is $4000. Total producer surplus =1300
$1,300 - Because their readiness to sell price is less than the real selling price, only Andy and Brenda will be willing to sell their sofa at the market price of $3,000. In calculating producer surplus, consider: market price minus seller reluctance
Producer surplus for Andy: 3000 - 2200 = 800
Brenda 3000 - 2500 = 500 is the producer surplus.
800 + 500 = 1300 in total producer surplus
A cushioned piece of furniture with several seating options is referred to as a couch, also known as a sofa, settee, or chesterfield.
Even though a sofa is typically used for seating, it can also be used for sleeping.
[3] The family room, living room, den, or lounge are typically where sofa are placed in homes.
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investors who fund private real estate ventures with sponsors are often amenable to sharing the upside with that sponsor. usually however, before any upside sharing of cash flow occurs, the investors would require:
Promoted equity (carried interest) is a percentage of the income of an investor or investing fund this is paid to the funding supervisor as compensation. It is given in change for growing cost or bearing a disproportionate percentage of drawback risk.
Beyond the desired go back hurdle, the transaction sponsor or “GP” can be entitled to a “promote,” which is an advantage percentage of the asset's coins float in go back for assets performance.
Real Estate Private Equity Definition: Real property personal equity (REPE) companies enhance capital from out of doors investors, known as Limited Partners (LPs), after which use this capital to gather and increase properties, perform and enhance them, after which promote them to understand a go back on their funding.
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recording and assessing the effects of installment loans on december 31, dehning, inc., borrowed $400,000 on an 8%, 10 -year mortgage note payable. the note is to be repaid in equal quarterly installments of $14,622 (beginning march 31). a. prepare journal entries to reflect (1) the issuance of the mortgage note payable, (2) the payment of the first installment on march 31, and (3) the payment of the second installment on june 30. round answers to the nearest whole number.
The issuance of the mortgage note payable on 12/31/2025, 3/31/2016, 6/30/2016 are 400000, 4622, 8444.
Date General journal Debit Credit
12/31/2015 Cash 400000
Mortgage notes payable 400000
3/31/16 Interest expense 10000
Mortgage notes payable 4622
Cash 14622
6/30/16 Interest expense
(400000-4622)×8%×3/12 6178
Mortgage notes payable 8444
Cash 14622
A mortgage note, which is often referred to as a promissory note or even a mortgage promissory note, is a legal instrument that obligates you to pay back your mortgage within a certain time frame. The details of the loan arrangement between you and your mortgage provider are also described in the note. This covers the amount of your monthly payment, the rate of interest you'll pay, and the consequences of making late or skipped payments.
The mortgage note provides important information about your loan, including the interest rate, the number of payments you must make each month, and the penalties you'll face for late payments.Your home is designated as loan collateral in the mortgage note as well.Check your mortgage note before you sign. It has legal validity.Learn more about Mortgage note, here
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assume that a company uses a periodic inventory system and has these account balances: purchases $820,000, purchase returns and allowances $90,000, purchase discounts $110,000, and freight-in $108,000. determine net purchases and cost of goods purchased.
Net purchases and cost of goods purchased is $620,000; cost of goods purchased: $728,000.
What is net purchases?
Net purchases is calculated by deducting the credit balances from of the debit balance in the purchases account from the credit balances in the purchases allowances and returns as well as purchases discounts accounts. Net purchases plus the debit balance on the freight-in account represent the cost of the goods being purchased. Net purchase is the total amount of a company's purchases less any deductions made for particular items. These deductions typically consist of purchase discounts, returns, as well as allowances. A purchase is treated as an expense account in accounting, and these accounts make up contra expense accounts.
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If a 25% price increase for product a causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for product b, what is the cross-price elasticity of these goods? round your answer to one decimal place.
The answer is 0, there you gooo. I can't really explain math.
The cost price of elasticity of goods is zero. Cost price is the complete sum of money that a manufacturer must spend to create a specific good or render a specific service.
What is cost price?
A cost price covers all expenditures necessary for production, including rent, materials, electricity, R&D, testing, worker salaries, and any other costs that must be covered.
The cost price of a product must be carefully calculated by the producer to prevent losing money on sales or not being profitable enough. Setting subsequent pricing in a realistic manner requires meticulous accounting and careful consideration.
All expenditures are included in the cost, a figure for contingency may also be included in the cost price.
Therefore, The cost price of elasticity of goods is zero. Cost price is the complete sum of money that a manufacturer must spend to create a specific good or render a specific service.
To learn more about cost price, refer to the link:
https://brainly.com/question/13098002
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