Answer:
Explanation:
1. Measuring net income for a merchandiser is conceptually the same as for a service company. TRUE
2. For a merchandiser, sales less operating expenses is called gross profit.
FALSE
For a merchandiser,sales subtracted from cost of goods sold is called gross profit.
3. For a merchandiser, the primary source of revenues is the sale of inventory.
TRUE
4. Sales salaries and wages is an example of an operating expense. TRUE
5. The operating cycle of a merchandiser is the same as that of a service company.
FALSE
A perpetual inventory system continuously leeps detailed records of the cost of the each purchase and sale. It shows the inventory that should be on hand for energy item.
Answer:
Consumption is a key component in the calculation of GDP and refers to how much money out of disposable income is spent by households on goods (both durable and non-durable) and services.
Disposable income is how much money households have after taxes. Their consumption and spending come from here.
Whatever is not spent is saved. Savings are therefore calculated as;
Savings = Disposable income - Consumption
Savings for the above are therefore,
$20,000 - $22,000 = -$2,000
21,000 - 22,500 = -$1,500
22,000 - 23,000 = -$1,000
23,000 - 23,500 = -$500
24,000 - 24,000 = $0
25,000 - 24,500 = $500
26,000 - 25,000 = $1,000
27,000 - 25,500 = $1,500
28,000 - 26,000 = $2,000
The correct answer would be Seed Money
Answer:
Legal
Explanation:
Legal risk is a risk that financial or reputation loss may arise from lack of awareness or misinterpretation of the laws and regulations that apply to a business. Different countries are governed by different laws and regulations. Therefore, there will be a legal risk in operating a business in different foreign countries.
