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1 year ago

13

Austin Power Corp., a corporation incorporated in Delaware, has recently gone bankrupt thus failing to pay its suppliers and cre

ditors. The shareholders of Austin Power should be responsible for these unpaid bills.
Answer: True/False

1 answer:

expeople1 [14]1 year ago

8 0

hola quieres ayudaaaa yovte

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There are many account representatives who can help you with your order is an example of a cliche.

kenny6666 [7]

The statement"There are many account representatives who can help you with your order is an example of a cliche." is FALSE. This is further explained below.

<h3>What are account representatives?</h3>

Generally, A professional who typically works on teams that are responsible for providing customer support and creating relationships is known as an Account Representative. They bring in revenue through establishing new customer connections and fostering those that are already in existence. They collaborate with clients on an as-needed basis throughout each step of the development process.

In conclusion, The convenience factor is one of the many benefits that listeners may get from podcasting as a form of advertising.

Read more about account representatives

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6 0

2 years ago

The Boot Department at the Omaha Department Store is being considered for closure. The following information relates to boot act

kykrilka [37]

Answer:

Yes, Omaha department store would be better off by $23000.

Explanation:

Given: Sales revenue= $350000.

Cost of goods sold= $280000.

Sales commission= $30000.

Fixed operating cost= $90000.

Now, computing net profit or (loss)

Net profit/loss= $\textrm{sales revenue - cost of goods sold- sales\ commission - Avoidable fixed\ operating\ costs}$

∴ Net profit/loss= $350000-280000-30000-(90000\times 70\%)$

⇒ Net profit/loss= $40000-(63000)= (\$ 23000)$

∴ Net loss= $\$ 23000$

∴ Yes boot department should be closed, as Omaha department store is better off by $23000.

7 0

3 years ago

Drug companies are allowed to be monopolists in the drugs they discover in order to A. increase the overall welfare of society t

Daniel [21]

Answer:

C. Encourage research

Explanation:

If a drug company discovers a new drug , it can apply for availing a patent for the same which shall grant it exclusive right to produce and sell the drug in the market for several years.

In such cases, the government tests such drugs if those are genuine before approving such a patent which creates the situation of a monopoly whereby the pharmaceutical company becomes the single seller of such drugs.

The purpose behind creation of such sort of monopolies being, this serves as an incentive or the encouragement for such pharmaceutical companies to carry out extensive research and thereby discover new drugs whose discovery would ultimately lead to common welfare.

5 0

3 years ago

Density Farms Inc. had sales of $750,000, cost of goods sold of $200,000, selling and administrative expense of $70,000, and ope

shusha [124]

Based on the costs described and the operating profit, the depreciation expense was <u>$330,000</u>

<h3>Depreciation expense</h3>

Is an expense owning to fixed assets losing value.
Is deducted from the Sales revenue.

You can find the depreciation expense as:

Operating income = Sales - Cost of goods sold - Admin expenses - Depreciation

150,000 = 750,000 - 200,000 - 70,000 - Depreciation

Depreciation = 750,000 - 200,000 - 70,000 - 150,000

= $330,000

In conclusion, depreciation was $330,000.

Find out more about depreciation at brainly.com/question/23057744.

5 0

2 years ago

5. Jerry lost her credit card and instead of reporting it right away, she decides to continue looking for it for a couple of day

Marrrta [24]

You never take a day or two to wait to report your card if it's stolen you take access and report it before time so that way they don't deduct too much of the money but when they have the card in their hand so that makes the credit report not let you pay for other people's I put him through your card unless it's your own problem the overdraft the account

5 0

3 years ago

Read 2 more answers