In a legal monopoly, barriers to entry are created by the government through the granting of exclusive rights or licenses to produce a particular product or service.
This is different from a natural monopoly, which occurs when a single firm can produce a good or service at a lower cost than any potential competitors, due to factors such as economies of scale or network effects.
The profit-maximizing monopolist would achieve loss minimization when the price is above the average total cost. This is because, at this price, the firm is able to cover its total costs and avoid losses, even though it is not maximizing its profits.
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"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answer:
b
Explanation:
The monetary policy is not fundamently altered
(1) compute its accounts receivable turnover for year 2 and year 3. (2) assuming its competitor has a turnover of 11, is raheem performing better or worse at collecting receivables than its competitor?
The account receivable for Year 2 and Year 3 is 8.8 and 9.4. As Raheem's accounts receivable turnover is lower than its competitor's turnover of 11, Raheem is performing worse.
To compute the accounts receivable turnover for Year 2 and Year 3, we will use the following formula:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Step 1: Calculate the average accounts receivable for Year 2 and Year 3.
Year 2:Average Accounts Receivable = (Year 1 Accounts Receivable + Year 2 Accounts Receivable) / 2
= ($34,800 + $41,400) / 2
= $76,200 / 2
= $38,100
Average Accounts Receivable = (Year 2 Accounts Receivable + Year 3 Accounts Receivable) / 2
= ($41,400 + $44,800) / 2
= $86,200 / 2
= $43,100
Step 2: Calculate the accounts receivable turnover for Year 2 and Year 3.
Year 2:Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
= $335,280 / $38,100
= 8.8
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
= $405,140 / $43,100
= 9.4
Now, we will compare Raheem's accounts receivable turnover with its competitor's turnover of 11.
Year 2:Raheem: 8.8
Competitor: 11
Raheem: 9.4
Competitor: 11
In both Year 2 and Year 3, Raheem's accounts receivable turnover is lower than its competitor's turnover of 11. This indicates that Raheem is performing worse at collecting receivables than its competitor.
Note: The question is incomplete. The complete question probably is: The following information is from the annual financial statements of Raheem Company. (1) Compute its accounts receivable turnover Year 2 and Year 3. ,(2) Assuming its competitor has a turnover of 11, is Raheem performing better or worse at collecting Receivable than its competitor?
Year 3. Year 2. Year 1
Net sales $405,140 $335,280. $388,000
Accounts Receivable, net ( year -end)
44,800. 41,400. $ 34,800
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Kapoor Company uses job-order costing. During January, the following data were reported: Materials purchased on account: direct materials, $99,500; indirect materials, $14,800. Materials issued: direct materials, $81,500; indirect materials, $ 8,800. Labor cost incurred: direct labor, $67,000; indirect labor, $18,770. Other manufacturing costs incurred (all payables), $46,200. Overhead is applied on the basis of 110 percent of direct labor cost. Work finished and transferred to Finished Goods Inventory cost $235,700. (1) Finished goods costing $212,000 were (2) sold on account for 140 percent of cost. Make the entry to record the cost of the jobs first, followed by the entry to record the revenue from their sale. Any over- or underapplied overhead is closed to Cost of Goods Sold.
Required:
1. Prepare journal entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.
a. Materials $
Accounts Payable $
b. Work in Process $ $
Overhead Control $ $
Materials $ $
c. Work in Process $ $
Overhead Control $ $
Wages Payable $ $
d. Overhead Control $
Various Payables $
e. Work in Process $
Overhead Control $
f. Finished Goods $
Work in Process $
g (1). Cost of Goods Sold $
Finished Goods $
g (2). Accounts Receivable $
Sales Revenue $
h. Cost of Goods Sold $
Overhead Control $
Accounting for Materials Direct Materials Payable $99.500 Materials used indirectly $14,800 Total $114,300 b. Process Materials Work ($67,500 x 110% of overhead) $73,700\s$155,200.
Work in Progress Payable Wages $67,000 Overhead (110% x $18,770) $20,647 $87,647 c. Administrative Control Diverse Payables $46,200 Work in Progress Overhead: 46,347 dollars Different Payables $46,200 Total $92,547 f. Work in Progress for Completed Items $235,700 g (1). (1). Cost of Completed Products Sold (110% x $67,000) Overhead: $212,000 $73,700\s$285,700 G (2). Sales Revenue from Accounts Receivable: $296,800 Items Completed (140% x $212,000) $296,800 h. Goods Cost Overhead Control Sold for $73,700 Final Products $212,000 $285,700 There is an underapplied overhead of $27,353, which is close to the cost of goods, between the applied overhead ($73,700) and the real overhead ($46,347).
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who is elon musk......
Answer:
Elon Musk FRS an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. A centibillionaire, Musk is one of the richest people in the world.
Which of the following describes a food retailer?
uses products from farmers and ranchers, commodity processors, and food manufacturers to offer food to their customers
supports the farmers and ranchers with feed and seed
transports the farmers’ and ranchers’ products and the processed and manufactured food products throughout the system
buys the processors’ products to make prepared food
Answer:
transports the farmers and ranchers
Answer:
B
Explanation:
Conduct a web search to find the two (2) latest Free Trade Agreements (FTAs) in South America: i. Indicate the date on which each FTA entered into force and the date on which the World Trade Organization (WTO) was notified about the Agreement. [2 marks] Compare and contrast the two (2) FTAs. [4 marks] Clearly identify the static and dynamic economic effects of the FTAs for the countries involved. [6 marks] 11. 111. iv. V. 11. b. Conduct a web search to find the four (4) latest Free Trade Agreements (FTAs) in Asia: Indicate the date on which each FTA entered into force and the date on which the World Trade Organization (WTO) was notified about the Agreement. [4 marks] i. Compare and contrast the four (4) FTAs. [8 marks] Clearly identify the static and dynamic economic effects of the FTAs for the countries involved. [8 marks] 111. iv. Clearly identify and explain which country or countries experienced trade creation. [4 marks] V. Clearly identify and explain which country or countries experienced trade diversion. [4 marks] Clearly identify and explain which country or countries experienced trade creation. [4 marks] Clearly identify and explain which country or countries experienced trade diversion
The two latest Free Trade Agreements (FTAs) in South America are Agreement between Mercosur and the Republic of Chile and the Pacific Alliance-United Kingdom Association Agreement. The Mercosur-Chile FTA entered into force on 1 March 2021, and the WTO was notified on 25 February 2021.
The Mercosur-Chile FTA deepens the economic integration between the Mercosur bloc (Argentina, Brazil, Paraguay, and Uruguay) and Chile. It eliminates tariffs on various products, facilitates market access for services, and enhances cooperation in areas such as customs procedures and intellectual property. This agreement is expected to generate static economic effects, such as increased trade flows and market access for businesses in both Mercosur and Chile.
On the other hand, the Pacific Alliance-UK Association Agreement strengthens the economic ties between the Pacific Alliance countries (Chile, Colombia, Mexico, and Peru) and the United Kingdom. It covers a wide range of areas, including goods, services, investment, government procurement, and intellectual property. The agreement aims to provide stability and predictability for businesses, promote trade and investment, and foster economic development. The dynamic economic effects of this agreement may include increased foreign direct investment, technology transfer, and economic growth for the countries involved.
In terms of trade creation, both agreements can lead to the creation of new trade opportunities between the participating countries. For example, the elimination of tariffs and trade barriers can incentivize businesses to explore new markets and expand their export activities. This can benefit countries like Chile, which has a strong export-oriented economy and can access larger markets within Mercosur and the Pacific Alliance.
Regarding trade diversion, it is important to consider that FTAs can redirect trade away from non-member countries. In the case of the Mercosur-Chile FTA, countries outside of Mercosur and Chile may experience trade diversion as the preferential treatment and lower trade barriers within the FTA encourage trade among its member countries. Similarly, the Pacific Alliance-UK Association Agreement may divert trade away from non-member countries towards the United Kingdom and the Pacific Alliance countries.
Overall, these FTAs in South America aim to enhance regional integration, boost economic cooperation, and create new trade opportunities. While they share the objective of promoting trade, each agreement involves different countries and has its own specific provisions, leading to distinct static and dynamic economic effects.
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The capital asset pricing model (CAPM) is based on the premise that: Group of answer choices Neither systematic nor unsystematic variability in cash flows is relevant. Only systematic variability in cash flows is relevant. Only unsystematic variability in cash flows is relevant. Both systematic and unsystematic variability in cash flows are relevant.
Answer:
only systematic variability in cash flows is relevant.
Explanation:
A capital asset pricing model is a model that is used for determining the theoretically appropriate required rate of return for an asset, and to make the decisions about the adding assets to a well-diversified portfolio. It is the relationship between the systematic risk and the expected return for the assets. It is based on the premises that the only systematic variability in the cash flows is very relevant.
which of the following is one of the major factors determining the level of wages.
A core belief is best described as
Core beliefs are solid convictions that a person has held through time and consistently that shape their worldview and sense of self.
What is a worldview example?The term "worldview" often relates to a perception of reality which offers a broad framework for how the world or the cosmos are put up. The worldviews of various belief systems, religions, ideologies, and even science itself might have different conceptions of the universe.
What is a contemporary worldview?prevailing worldviews. Modern thinkers place a strong emphasis on reason and science, and often challenge enforced beliefs from the past and (religious) traditions. They frequently question what they perceive to be orthodoxy or "group mentality" and are forceful. "Sapere aude" was the Enlightenment's catchphrase, according to the philosopher Kant.
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whats mnbhkbhbhjbhbhkb
3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
The each winemaker's profit is 70000 and -250000 for Camille and Hortense respectively and Paulette's profit is - 10000.
Profit is the amount that the company earns over the cost of the production they have used in the business
Elaborating:For Paulette it is 120000-50000-80000= -10000
So this is calculated by deducting fixed and variable cost from revenue
Same will be for other two mentioned.
-70000 and -250000 for Camille and Hortense respectively
Variable costs:Costs that fluctuate in response to changes in the quantity of a product or service produced by a company are referred to as variable costs.The sum of marginal costs for all units produced constitutes variable costs. They can also be regarded as standard expenses. The total cost is made up of two parts: fixed costs and variable costs.
Costs that do not change when production or sales volumes increase or decrease are known as fixed costs. This is on the grounds that they are not straightforwardly connected with assembling an item or conveying a help. Consequently, fixed costs are regarded as indirect costs.
Question incomplete:Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
A. Paulette -10,000, Camille = -70,000, Hortense = -250,000
B. Paulette 40,000, Camille = 30,000, Hortense = -50,000
C. Paulette 70,000, Camille = -30,000, Hortense = 0
D. Paulette = 90,000, Camille = 10,000, Hortense = 150,000
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Which of these producer activities did you participate in this week? Check all that apply.
U
I served people at a restaurant, hotel, coffee shop, or other business.
I worked in a bank, library, or retail store.
I created art to be sold in an art show
I made a product
I did yard work or other chores for pay.
Answer:
2nd and 4th
Explanation:
Answer:
2 and 4
Explanation:
With which of the following is the concept of Marginal Cost closely related?(a) Variable Cost(b) Fixed Cost(c) Opportunity cost(d) Economic Cost
(B) Variable Cost is the concept of marginal cost closely related.
What does variable cost mean?Variable costs are expenses that change depending on how much a company produces or sells. Variable costs fluctuate with production changes; they depend on an organization's sales volume, which might rise or fall.
Variable costs include, for example, the price of raw materials and packaging for a manufacturing company, the price of credit card transaction fees, and shipping for a retail business.
Depending on how well the firm is doing, these charges change. A variable cost can be defined as an alternative to a fixed cost. All of a business's expenses are made up of variable and fixed costs. Variable costs are connected with production output or sales.
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suppose the economy is initially operating at equilibrium. in each graph, move the appropriate curve to illustrate the given scenario's effect on the economy.
To answer this question, assume that we're looking at a basic supply and demand graph, where the horizontal axis represents the number of goods or services being produced, and the vertical axis represents the price.
Here are a few scenarios and how they would affect the equilibrium:
1. Increase in demand: If there is an increase in demand for the product, the demand curve will shift to the right. This means that consumers are willing to buy more of the product at any given price. As a result, the equilibrium price will increase, and the equilibrium quantity will also increase.
2. Decrease in demand: If there is a decrease in demand for the product, the demand curve will shift to the left. This means that consumers are willing to buy less of the product at any given price. As a result, the equilibrium price will decrease, and the equilibrium quantity will also decrease.
3. Increase in supply: If there is an increase in the supply of the product, the supply curve will shift to the right. This means that producers are willing to supply more of the product at any given price. As a result, the equilibrium price will decrease, and the equilibrium quantity will increase.
4. Decrease in supply: If there is a decrease in the supply of the product, the supply curve will shift to the left. This means that producers are willing to supply less of the product at any given price. As a result, the equilibrium price will increase and the equilibrium quantity will decrease.
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How does the Fed cause a recession?
It is possible for the economy to enter a recession if the Fed raises rates too rapidly and recession. For both individuals and companies, higher interest rates make the debt more expensive and borrowing more difficult.
The Federal Reserve, sometimes known as the "Fed," is the nation's central bank and is in charge of carrying out monetary policy. The Fed utilizes interest rate setting as one of its instruments to carry out its policy objectives.
Borrowing may become more costly when the Fed raises interest rates, which might slow down economic growth and perhaps trigger a recession. On the other hand, when the Fed reduces interest rates, it may assist to boost the economy and maybe avert a recession.
The Fed's interest rate decisions can have a variety of effects on the economy and even lead to a recession. For instance, if the Fed raises interest rates too rapidly or to an excessive level, it may increase the cost of borrowing for individuals and firms, which may result in a decline in spending and investment.
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Find the payback period and lifetime ROI of a new information system with 4 years of lifetime . The estimations on costs and benefits are as follows : development costs = 50.000TL , maintenance costs for each year = 2.000TL . benefits derived from the operation of the new system for each year = 20.000TL . Discount factor is 0.90 for the first year while it is 0.80 , 0.70 and 0.60 for the other . years throughout the lifetime of the new IS respectively .
Payback period is the period of time that will lapse before accrued benefits overtake accrued and continuing costs .
Lifetime ROI ( estimated lifetime benefits - estimated lifetime costs ) / estimated lifetime costs
Discount factor is the multiplier that helps us to calculate the time value of money according to a certain interest rate assumption
The payback period of the new information system can be calculated by determining the time it takes for the accrued benefits to exceed the accrued and continuing costs.
In this case, the development costs are 50,000 TL, and the maintenance costs for each year are 2,000 TL. The benefits derived from the operation of the new system for each year are 20,000 TL.
To calculate the payback period, we need to consider the discounted cash flows over the system's lifetime. The discount factor for each year is given as follows: 0.90 for the first year, 0.80 for the second year, 0.70 for the third year, and 0.60 for the fourth year.
To calculate the lifetime ROI, we need to subtract the estimated lifetime costs from the estimated lifetime benefits and divide the result by the estimated lifetime costs.
Considering these calculations, the payback period and lifetime ROI for the new information system with a 4-year lifetime are as follows:
Payback Period: The payback period can be calculated by accumulating the discounted benefits and subtracting the accumulated costs until the cumulative benefits exceed the cumulative costs. In this case, it would take approximately 2 years and 3 months (or 2.25 years) for the accrued benefits to overtake the accrued and continuing costs.
Lifetime ROI: The estimated lifetime benefits for the system are 80,000 TL (20,000 TL/year x 4 years), and the estimated lifetime costs are 58,000 TL (50,000 TL development costs + 2,000 TL/year maintenance costs x 4 years). Therefore, the lifetime ROI is (80,000 TL - 58,000 TL) / 58,000 TL = 0.379 or 37.9%.
These calculations indicate that the payback period for the new information system is 2.25 years, and the estimated lifetime ROI is 37.9%.
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on January 1, Year 1, Pell Corp. purchased a machine having an estimated useful life of 10 years and no salvage. The machine was depreciated by the double declining balance method for both financial statement and income tax reporting. on January 1, Year 6, Pell changed to the straight-line method for financial statement reporting but not for income tax reporting. Accumulated depreciation at December 31, Year 5, was $560,000. If the straight-line method had been used, the accumulated depreciation at December 31, Year 5, would have been $420,000. Pell's enacted income tax rate for Year 6 and thereafter is 30%. The amount shown in the Year 6 income statement for the cumulative effect of changing to the straight-line method should be: ___________
a. $98,000 debit.
b. $98,000 credit.
c. $140,000 credit.
d. $0.
What is the straight time pay for each of the following for a 40 hour week
Ahmed contributed cash of $20,000 into the partnership. The journal entry to record the sadne O True O False Moving to another question will save this response O
The correct journal entry to record Ahmed's contribution of cash into the partnership would be:
Debit: Cash $20,000
Credit: Ahmed, Capital $20,000
This entry reflects the increase in the partnership's cash assets and Ahmed's capital account. So, the statement is true. By making this contribution, Ahmed is increasing his investment in the partnership, which will be reflected in his capital account. This entry ensures that the partnership's financial records accurately reflect the new capital contributed by Ahmed.
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Upward growth usually occurs when _______. a. high-rise buildings are available b. spreading out is possible c. resource conservation is unimportant d. a limited amount of land is available please select the best answer from the choices provided a b c d
Upward growth usually occurs when a limited amount of land is available.
The process of growth; development. The emergence of nuclear science. Something growing or growing upwards. Part of the pituitary gland is a palatal growth.
The logic is clear: the more people, the better. Adding employees means expanding your workforce. New residents mean new customers for local businesses and increased tax revenue. Increased income allows cities to invest more in roads, public transport, schools, arts, and parks.
Compared to bustling cities, rural areas have more available land, which helps keep housing costs low. More Space: There is more space physically in this country. In addition to a larger house, you can also purchase surrounding land.
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records of stock and bond certificates are usually maintained by the company's
a. treasurer
b. Chief Financial Officer
c. transfer agent
d. registrar
c. transfer agent. is responsible for ensuring the accuracy and integrity of financial records but is not specifically tasked with maintaining stock and bond certificate records.
Transfer agents are responsible for maintaining records of stock and bond certificates on behalf of the company. They handle the transfer of ownership of these securities, maintain accurate ownership records, and ensure that any changes in ownership are properly recorded. Transfer agents play a crucial role in the issuance, transfer, and cancellation of stock and bond certificates. They work closely with shareholders and bondholders, manage dividend and interest payments, and provide necessary documentation for regulatory compliance. While the treasurer and Chief Financial Officer (CFO) are important financial roles within a company, they are not typically responsible for maintaining the records of stock and bond certificates. The registrar, on the other hand.
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Make a business plan with a :
Detail of Sale.
Name
Cost price of products
Selling price
Expected Profit
Target market
Capital
1How much is required??
2From where are you going to get it from
Marketing strategy
Products for sale
gggggggggggggggggggggggggggggggggggggggggggggggggggggggg
Consider a bond with maturity 2 year, 100 face value, coupon 4.60%, and yield 7.00%. compute a dollar duration numerically using a dy =0.001%. report you result with two digits decimal accuracy and the correct sign. example: -185.95
The dollar term for security with developing long term, 100 presumptive worth, coupon 4.60%, and yield at 7% is - 0.00174785.
Presently, we should compute the dollar span of this bond.
Security cost at yield 7% = (coupon rate/1 + yield rate) + (coupon rate + 100)/(1 + yield rate) ^2
= 4.6/1.07 + 4.6 + 100/1.07^2
= 4.29906542 + 91.36169098
= 95.6607564
note : with dy = 0.001%, new yield = 7.001%
New security cost with a new yield of 7.001%
= (coupon rate/1 + new yield rate) + (coupon rate + 100)/(1 + new yield rate) ^2
= 4.6/1.07001 + (4.6 + 100)/1.07001^2
= 4.29902524 + 91.35998331
= 95.65900855
Consequently, the dollar span for this bond is = 95.65900855 - 95.6607564
= - 0.00174785.
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What is the basic premise of the classical viewpoint of management?
A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations
Based on the information given the company's cash-basis income for its first year of operations is $350,000.
First step
Net sales revenues =Sales - Account receivable
Net sales revenues= $1,000,000 - $100,000
Net sales revenues = $900,000
Second step
Net expenditure on purchases =Inventory purchases - Account payable
Net expenditure on purchases =$400,000 - $50,000
Net expenditure on purchases = $350,000
Third step
Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses
Cash-basis income= $900,000 - $350,000 - $200,000
Cash-basis income= $350,000
Inconclusion the company's cash-basis income for its first year of operations is $350,000.
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sales promotion that appeals to marketing intermediaries rather than consumers is called .
Sales promotion that appeals to marketing intermediaries rather than consumers is called trade promotion.
Trade promotion is a type of marketing activity that is targeted at resellers, distributors, wholesalers, or other intermediaries who help to sell a company's products or services to end consumers.
The goal of trade promotion is to motivate intermediaries to promote and sell a company's products, increase their orders and inventory levels, and improve their relationship with the company.
Examples of trade promotions include trade shows, discounts and allowances, co-op advertising, and training programs for sales staff of intermediaries.
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g Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of demand between good X and Y is -5. Determine how much the consumption of this good will change if: 1. The price of good X increases by 5% 2. The price of good Y increases by 12%
Answer:
Sry, I can't understand anything at all!
On january 1, you sold short one round lot (that is, 100 shares) of lowe's stock at $21 per share. on march 1, a dividend of $2 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $15 per share. you paid 50 cents per share in commissions for each transaction.
a. what is the value of the account on April 1st?
Answer:
Value of the account on April 1st = $300
Explanation:
Given:
Number of shares = 100
Buy back price = $15
Dividend per share = $2
Commission per share = $0.50
Price of each share = $21
Computation:
Proceed price = (21x100)-(0.50x100)
Proceed price = $2,050
Dividend = 2x100
Dividend = $200
Buy back price = (15x100)+(0.50x100)
Buy back price = $1,550
Value of the account on April 1st = $2050 - $200 - $1550
Value of the account on April 1st = $300