Answer:
A) Felix earns $450 per week working for Pillmart Pharmacy. Resource market: Felix sells his resources (labor) to the Pillmart Pharmacy in exchange for a salary.
B) Janet earns $875 per week working for Classy's Jewelry Store. Resource market: Janet sells her resources (labor) to the Classy's Jewelry Store in exchange for a salary.
C) Felix spends $325 to purchase necklace from Classy's Jewelry Store. Product market: the Classy's Jewelry Store sells its products to Felix.
Answer:
The correct answers are A, B and C.
Explanation:
The word debit refers to debt, that is, at the request of accounting, it includes that numerical entry that is made in the account, in the "must", that is, on the left side and that represent assets or rights owned by the person or the company in question. It can increase the balance of a liability, or failing that, implies a decrease in the balance of an asset.
Answer:
Gross profit= $195,000
Explanation:
Giving the following information:
Sales= $240,000
Number of units sold= 75
Weighted-average cost= $600 each.
<u>To calculate the gross profit, we need to use the following formula:</u>
Gross profit= sales - COGS
Gross profit= 240,000 - 75*600
Gross profit= $195,000
Answer:
D) 85.45 days
Explanation:
Days sales in inventory is calculated by dividing total inventory by COGS, and then multiplying that by 365 days:
(inventory / COGS) x 365 = ($494 / $2,110) x 365 = 85.45
Days sales in inventory measures the average number of days that it takes for a company’s inventory to be realized into sales within the year.
Answer:
Business Market
Explanation:
Cynthia works at an engineering firm in Arizona that installs transmission lines and works with the electrical systems of buildings. She is in charge of strategic planning. Mostly her firm has worked with cities such as Tucson and Phoenix. Once in a while they will receive a major project from the state, such as renovating a government building in the capital. However, Cynthia's firm wants to expand its target market beyond government projects. Under her direction, the marketing team launched an initiative to target more potential clients in different areas. Two areas in which Cynthia would like to expand include colleges and large for-profit businesses. Refer to Scenario 6.1. A market is a group of individuals and/or organizations that have a desire or need for products in a product class and have the ability, willingness, and authority to purchase those products. There are two types of markets. Cynthia's organization targets the.,,,,,
Cynthia's firm is interested in the business markets
A market is a place where buyers and sellers meet to transact goods and services. Business markets are essentially marketplaces corporations/organizations buys raw materials and components for finished products.
In this contest Cynthia's company will be interested in a business market because there are organisations that are in need of what her company produces. They have the capacity and the financial resources to purchase transmission lines and electrical installation services
