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1 year ago

What have you bought during Black Friday?

1 answer:

34kurt1 year ago

3 0

Black Friday is the day after Thanksgiving in the United States, which has traditionally been a holiday for many workers. Considered to mark the beginning of the holiday shopping season, it typically features significant discounts and special deals.

What is the point of shopping on Black Friday?

In the United States, it typically signals the beginning of the Christmas shopping season. Many stores hold heavily advertised sales at reduced prices and frequently open early, sometimes even before midnight on Thanksgiving.

What is it about Black Friday that makes customers so excited?

It is well-known for slashing prices in both online and offline stores, resulting in an increase in consumer spending. Typically, Black Friday marks the beginning of the holiday shopping season. You may have heard stories about the chaos that occurs in physical stores.

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Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16

DanielleElmas [232]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the cost of goods sold:</u>

<u></u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 12,000 + 87,000 - 23,000

COGS= $76,000

<u>Traditional format income statement:</u>

Sales= 14,000*16= 224,000

COGS= (76,000)

Gross profit= 148,000

Total selling expense= (20,000 + 14,000*1)= (34,000)

Total administrative expense= (13,000 + 14,000*1)= (27,000)

Net operating income= 87,000

<u>Contribution format income statement:</u>

Sales= 14,000*16= 224,000

Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)

Contribution margin= 120,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (13,000)

Net operating income= 87,000

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3 years ago

Which statement is not true?

oksano4ka [1.4K]

Answer:

D. All world-class companies use ERP to integrate all company functions.

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4 years ago

The Financial Services Modernization Act allowed bank holding companies to open insurance underwriting affiliates and allowed in

tangare [24]

Answer:

The correct answer to the following question will be "True".

Explanation:

Towards the latter half of the 20th century, various banking and financial–investment banking, corporate finance, and insurance became more and more intertwined.
It required banks to hold organizations to establish associated insurance firms and authorized insurers to operate banking.

Therefore, the given statement is True.

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4 years ago

Characteristics of natural resources

mamaluj [8]

Explanation:

the characteristics are as follows:-

1. Natural resources are useful, profitable and beneficial .

2. Natural resources have limited availability.

3. They are potential for depletion or consumption.

4. Natural resources are non-renewable sources in nature.

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3 years ago

Highly suspect corporation has current liabilities of $424,000, a quick ratio of 1.30, inventory turnover of 4.40, and a current

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$3,115,770 is the cost of goods sold for the company.

<h3>What are goods ?</h3>

In economics, "goods" are things that fulfill human needs and provide utility, such as to a customer buying a fulfilling product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished.

When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.

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2 years ago