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1 year ago

The online exchange of goods and information between final consumers is called ________.

1 answer:

6 0

The online exchange of goods and information between final consumers is called consumer-to-consumer. A business model known as "consumer to consumer" (C2C) allows for the private customers to deal for goods or services without the involvement of a business on either end of the transaction. Today, online businesses handle the majority of C2C transactions.

The two most well-known instances of consumer-to-consumer are Amazon, which functions as both a B2C and a C2C marketplace, and eBay, an online auction site. Since its founding in 1995, eBay has enjoyed success, and it has always been a C2C.Therefore, customers offer businesses a service.

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Describe what would be some examples of fixed cost and variable cost on a farm?

EleoNora [17]

Machinery repairs, property taxes, salaries for workers variable: number of workers, what crop is being produced, gas for machinery.

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3 years ago

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"When a parent uses the partial equity method throughout the year to account for its investment in an acquired subsidiary, which

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Options for the first question:

a? Goodwill will be recognized if acquisition value exceeds fair value of net assets acquired.

b? Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

c? Subsidiary net assets are valued at their book values before consolidating entries are made.

d? Parent company net income will exceed controlling interest in consolidated net income when fair value of depreciable assets acquired exceeds book value of depreciable assets.

e? Parent company net income will equal controlling interest in consolidated net income when initial value, book value, and fair value of the investment are equal.

Information regarding the second question:

Book Value Fair Value

Buildings (10-year life) $10,000 $8,000

Equipment (4-year life) $13,000 $17,000

Land $5,000 $12,000

In consolidation at January 1, 2017, what adjustment is necessary for Hogan's Equipment account?

Answer:

Answer to the first question:

B) Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

Answer to the second question:

The fair market value of the equipment is higher than the book value, therefore the equipment account must increase by = $17,000 - $13,000 = $4,000

Explanation:

The partial equity method is used when the company's stake is not significant in the subsidiary or when the parent doesn't exercise operating control over the subsidiary.

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3 years ago

Fill the blank ("__")

klemol [59]

The free market economy is the one where the buyers & sellers should freely select to buy or make.

The following information related to the free market economy is:

It should depend upon the supply & demand having no government interference.
In this, the buyers & sellers have the right to select for making or buying whatever they want.

Therefore we can conclude that the free market economy is the one where the buyers & sellers should freely select to buy or make.

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2 years ago

Barbara is the manager at a sports arena that draws an average of 2,700 patrons per event. each ticket taker can process 125 eve

liberstina [14]

Average patrons per event = 2,700

Number of event goers a ticket taker can process = 125

Therefore number of ticket takers that need hiring = 2700 ÷ 125 = 21.6 = 22 ticket takers

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3 years ago

Read 2 more answers

Below are departmental income statements for a guitar manufacturer. The manufacturer is considering eliminating its electric gui

sergij07 [2.7K]

Answer and Explanation:

1. The preparation of the department contribution report is presented below:

WHOLESALE GUITARS

Income statement showing Departmental contribution to overhead

For year Ended December 31,2015

Particulars Acoustic Dept Electric Dept Combined

Sales $112,500 $105,500 $218,000

Less : Cost of Goods sold

-$55,675 -$66,750 -$122,425

Gross Profit $56,825 $38,750 $95,575

Direct Expenses

Depreciation Expenses - Equipment $10,150 $9,000 $19,150

Salaries Expenses $17,300 $13,500 $30,800

Supplies Expenses $2,030 $1,700 $3,730

Total Direct Expenses $29,480 $24,200 $53,680

Indirect Expenses

Advertising Expenses $14,325 ($8,075 + $6,250)

Rent Expenses $12,055 ($6,105 + $5,950)

Utilities Expenses $5,595 ($3,045 + $2,550)

Total indirect Expenses $31,975

Net Income $27,345 $14,550 $9,920

2. As we can see that there is a loss so electric should not be eliminated

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3 years ago