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1 year ago

In the context of a business where products and services are offered to customers, demand is created by the?

1 answer:

3 0

In the context of a business where products and services are offered to customers, demand is created by the customers.

This is further explained below.

<h3>What are customers?</h3>

Generally, In the context of a company that provides goods and services to consumers, the demand for such goods and services is generated by the customers themselves.

In conclusion, the Customer is the receiver of an item, service, product, or idea that was gained from a seller, vendor, or supplier through a financial transaction or exchange for money or some other valued consideration. The term "customer" is used in the contexts of sales, commerce, and economics.

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Petra, Inc. has collected the following data. (There are no beginning inventories.): Units produced 580 units Units sold 580 u

Debora [2.8K]

Answer:

Operating income is $28,197.2

Explanation:

In order to calculate operating income, first we have to calculate total product cost per unit which is calculated as shown below:

Direct material per unit = $30

Direct labor = $35

Variable manufacturing overhead per unit = $10

Fixed manufacturing overhead per unit = 23,000 ÷ 580 = $39.66 per unit

Product cost per unit = 30 + 35 + 10 + 39.66 = $114.66

Now compute operating income as shown below:

Total sales = Per unit sales price × Units sold

= $230 × 580

= $133,400

Cost of goods sold = Units produced × product cost per unit

= 580 × 114.66

= $66,502.8

Gross profit = Sales - COGS

= 113,400 - 66,502.8

= $46,897.2

Fixed selling and administrative cost = $10,000

Variable selling and administrative cost = 15 × 580 = $8,700

Total selling and administrative cost = 10,000 + 8,700 = $18,700

Operating income = Gross profit - total selling and administrative cost

= $46,897.2 - 18,700

= $28,197.20

7 0

3 years ago

Mr. Smith, a cash-basis, calendar-year taxpayer, owns a duplex. He lives in one unit and rents the other unit to an unrelated in

Angelina_Jolie [31]

Answer:

Mr. Smith’s rental expense for this insurance policy is

A. $30

Explanation:

Premiun 360

N 3

year 120

From July to December 60

Duplex insurance e/one 30

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3 years ago

A firm has conducted market research and found that customer satisfaction with its product is quite high. Nonetheless, repurchas

VladimirAG [237]

The research design evidently has a problem with <u>"validity".</u>

Validity refers to how well a logical test or bit of research really allots what it sets to, or how well it mirrors the truth it professes to speak to. Like reliability, validity in this sense is an idea drawn from the positivist logical convention and necessities particular understanding and utilization with regards to qualitative research.

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3 years ago

If the dollar amount of total return on your mutual fund is $165 and the original cost of your investment is $1,200, then what i

Anna35 [415]

Answer:

% 70

Explanation:

5 0

2 years ago

When you choose, you are never accountable for the resources used and paths selected?

labwork [276]

If the question is trying to ask whether it is true or false, the answer is false. It is because whatever you chose or the decisions you make, there is always a cause, or things affecting your decision in which you will be held accountable for such as the statement above implies, you are accountable of resources and such when you choose.

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3 years ago