1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rzqust [24]
3 years ago
6

The business market consists of all the organizations that acquire goods and services used in the production of other products o

r services that are sold, rented, or supplied to others. List and discuss the major industries that make up the business market.
Business
1 answer:
RideAnS [48]3 years ago
4 0

Answer:

The major types of industries that make up the business market are agriculture industry, forestry industry, mining industry, manufacturing industry ; construction industry and transportation industry; communication industry, banking, finance and insurance industry.

Explanation:

a) Agricultural industry entails group of firms involving in rearing of animal and growing of both cash crop or food crop either majorly for commercial purpose / use

b) Forestry industries are group of firm who specialize in afforestation and deforestation of trees with a goal of maintaining environmental well-being, majorly for commercial purpose

c) Mining industry are industry who specialize in extraction from the soil raw materials required by other industries. Extraction like crude oil, Coal

d) Manufacturing industry are group of firm whose main objectives is to process raw material into finish good for use by the market and for commercials industry.

e) Transport industry are industry that specialize in movement of people and cargo from one destination to another through land, rail, sea or road

f) Construction industry specializes in buildings of building, roads, bridges and other structure for commercial

and personal use.

g) Communication industry specializes in enabling individual to transmit information from his end to another end.. It ranges from Media to Internet and Phone as all these fall under communication community.

h) Banking, Finance and Insurance industry are industry who accept deposit, gives loans to organisation, provide insurance cover over a particular risk, offers organisation financial advice, offers audit.

You might be interested in
A client is to be transferred from the coronary care unit to a progressive care unit. The client asks the nurse, "Are you sure I
german

Complete/Correct Question:

A client is to be transferred from the coronary care unit to a progressive care unit. The client asks the nurse, "Are you sure I'm ready for this move?" What should the nurse determine that the client most likely is experiencing based on this statement?

Answer:

Fear

Explanation:

The client is fearful because he/she is being transferred from a high supervised unit to one perceived as less supervised.

This is because the client wants to avoid a recurrence of his condition as a result of the unit change to a lesser supervised area as thought by the client.

In this regard, the nurse is meant to reassure the client about the continuous supervision of his/her situation no matter which unit he/she in in.

Cheers.

7 0
3 years ago
Assume you invested $100,000 into your lawn mowing business, but you could have invested in a similar operation with the same ri
Marta_Voda [28]

Answer:

you would get $20,000

Explanation:

100,000 x .2

3 0
4 years ago
A method of accounting for uncollectible receivables in which the company estimates bad debts expense instead of waiting to see
bazaltina [42]

Answer:

The statement is True as well as correct

Explanation:

Allowance method is the financial term which is defined as the uncollectible accounts receivable procedure that reports the estimate of the bad debt expense in the same accounting or fiscal year as the sale.

Under this method, it is used to adjust the accounts receivable which appears on the balance sheet.

For example,

If the company has the credit sales of $800,000 in December and estimate that the 4% will be uncollectible. Then using this method, computing the uncollectible as:

Bad debt expense = Sales × Estimate uncollectible

= $800,000 × 4%

= $32,000

So, this estimate the bad debt expense rather than wait to see which customer will not able to collect.

5 0
3 years ago
On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect
san4es73 [151]

Answer:

correct option is $750

Explanation:

solution

we know here that Net balance of opening accounts receivable is

Net balance of opening accounts receivable = $30000 - $500

Net balance of opening accounts receivable = $29500

and

Credit sales during the year is here $7500 0

and Cash payments received = 74550

so

uncollecectible account expenses = credit sales × % of sale uncollectible

so uncollecectible account expenses = $75000 × 1%

uncollecectible account expenses  = $750

so correct option is $750

8 0
3 years ago
Claudia, a senior accountant, likes to work on her own and hence does not come out as a team player. She takes up all the work t
MrMuchimi
Overmanaging is the most evident mistake Claudia made as a senior accountant.
8 0
4 years ago
Other questions:
  • A company with $500,000 in operating assets is considering the purchase of a machine that costs $60,000 and which is expected to
    13·1 answer
  • Xavier Co. wants to purchase a machine for $37,000 with a four year life and a $1,000 salvage value. Xavier requires an 8% retur
    12·2 answers
  • Using the accounting equation to analyze transactionsElaine’s Inflatables earns service revenue by providing party planning serv
    10·1 answer
  • Glubert Corp., an adhesive manufacturing company, makes a deal with an insurance company to provide its employees with life insu
    13·1 answer
  • The owner of a hair salon spends $1,000,000 to renovate its premises, estimating that this will increase her cash flow by $220,0
    14·1 answer
  • Harold Manufacturing produces denim clothing. This year, it produced 5,200 denim jackets at a manufacturing cost of $42.00 each.
    15·1 answer
  • Whereas ______________ are willing to violate procedures and operate outside normal channels, ______________ gather hard data an
    5·1 answer
  • Atom Endeavour Co. issued $39 million face amount of 8.1% bonds when market interest rates were 8.03% for bonds of similar risk
    9·1 answer
  • Gray uses Hofstede's cultural values that were discussed in Chapter 1 to:
    12·1 answer
  • Your friend Jenny says a Roth IRA has the best tax advantages, because you pay taxes now and won't have to pay them when you tak
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!