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1 year ago

The sale or transfer of goods ordinarily held for sale in course of business is goverend by the?

1 answer:

7 0

The sale or transfer of goods ordinarily held for sale in course of business is governed by the Uniform Commercial Code.

Whilst a shop lowers its charges via a sale, though, customers are more willing to buy due to the fact they recognize they're now not set as a whole lot of money on the line. extra often than not, customers who like the stuff they buy on sale will turn out to be coming lower back to shop for it once more, despite the fact that it's not priced at a reduction.

The important thing for a retailer is the gross income margin: the percentage of revenue left over from the sale of a product after subtracting the fee of that product – which includes the production, transport, packaging, and different work that goes into it.

A clearance is a unique sort of sale that could appeal to extra customers than traditional sales. this is due to the shop seeking to take away positive items for one cause or any other. the store is probably going out of business, the objects are going out of season, or there is not sufficient room in the shop for new gadgets.

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Which type of small store carries a limited line of high-turnover convenience goods and makes most of its revenues from cigarett

mina [271]

This type of store retail business is called the convenience store. They stock a wide variety of goods every day and may also offer other services such money order or wire transfers. A great example is the chain of 7-11 stores.

4 0

3 years ago

operation, 2,300 units were produced and 1,800 units were sold. Actual fixed costs are the same as the amount budgeted for the m

kykrilka [37]

Answer:

$124,200

Explanation:

Contribution margin is net of sales value and variable cost. This value is available to cover the fixed cost of the business and profit after adjusting fixed cost.

As per given data

Price = $98

Numbers of units sold = 1,800

Total Sales = $98 x 1,800 = $176,400

Variable cost = $23 x 1,800 units = $41,400

Variable marketing cost = $6 x 1,800 = $10,800

Total Variable cost = $41,400 + $10,800 = $52,200

Contribution Margin = Total Sales - Total Variable cost

Contribution Margin = $176,400 - $52,200

Contribution Margin = $124,200

5 0

3 years ago

Read 2 more answers

The entry and exit of firms in a purely competitive industry help to improve resource allocation because:_______

Morgarella [4.7K]

The reason why the entry and exit of firms in a purely competitive industry helps to improve resource allocation is because the losses result in exit and release resources to flow to markers where there are profits.

<h3 /><h3>How can the purely competitve market be beneficial?</h3>

Purely competitive industries allow for easy entry and b which leads to many firms coming into the market.

As a result, there is too much supply which leads to losses when prices drop.

As the companies suffering losses leave the market, they then invest in other markets where there are profits thereby reallocating resources.

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3 0

1 year ago

Bean Brewers, Inc., a manufacturer of coffee makers, had the following activities, allocated costs, and allocation bases: A

aivan3 [116]

Answer: B. $438

Explanation:

Correspondence Cost = Number of letters * Predetermined cost of correspondence

Predetermined cost of correspondence = Allocated cost/ Allocated base

= 14,000/1,600 letters

= $8.75 per letter

Northeast Office used 50 letters for correspondence.

Cost = 8.75 * 50

= $437.50

= $438

4 0

3 years ago

Francis Companyhas 24,000 shares of common stock outstanding at the beginning of 2019. Francis issued 3,000 additional shares on

Maru [420]

Answer:

(1) The number of shares of common stock that Francis should use in calculating basic earnings per share for 2019 :

= 24000 + 3000 + 2000

= 29000

(2) Basic EPS for 2019

EPS = net income / outstanding shares

= 72500 / 29000

= 2.5

(3) Diluted EPS for 2019

Diluted EPS = (net income - preferred stock dividned )/ (Common Shares Outstanding + Unexercised Employee Stock Options + Convertible Preferred Stocks + Convertible Debt + Warrants)

= 72500/(29000+ 2500 + 250 )

= 2.28

7 0

3 years ago