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shusha [124]
3 years ago
13

Anthony has purchased a new shipment of 50 Bluetooth earbuds that he plans to sell for $99.99 each. The manufacturer informs Ant

hony that each product will cost Anthony $52, but this does not include the cost of transportation. Even with the extra transportation costs, Anthony is not worried. He believes he can sell all 50 earbuds by the end of the month. After adding up inventory, transportation, storage, and other costs, he determines that his total costs will be $3,750. Refer to Scenario 19.4. Anthony thinks that he can sell all 50 Bluetooth earbuds for $99.99 each. His total costs are estimated to be $3,750. However, by the end of the month Anthony has only sold 33 earbuds. What is his profit
Business
1 answer:
Elena L [17]3 years ago
4 0

Answer:

(450.33)

Explanation:

Anthony has purchased a new shipment of 50 Bluetooth earbuds that he plans to sell for $99.99 each.

The manufacturer informs Anthony that each product will cost Anthony $52, but this does not include the cost of transportation.

Even with the extra transportation costs, Anthony is not worried. He believes he can sell all 50 earbuds by the end of the month.

After adding up inventory, transportation, storage, and other costs, he determines that his total costs will be $3,750.

However, by the end of the month Anthony has only sold 33 earbuds.

Therefore his profit is

Revenue = 33 earbuds x $99.99 each = $3,299.67

less: Total costs = .........................................<u>($3,750.00)</u>

Profit = ..............................................................     <u>(450.33)</u>

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Full-service banks are authorized to conduct business without a license granted by the federal or state government.
mixas84 [53]

Answer:

B

Explanation:

(c) Any person who engages in the business of money transmission without a license as provided herein shall be guilty of a felony and, on conviction thereof, shall be fined not more than $25,000, or imprisoned for not more than 5 years, or both. (July 18, 2000, D.C. Law 13-140, § 24, 47 DCR 3431.) § 26–1024. Promulgation of rules.

I hope this helped.

7 0
3 years ago
Which career is more common in the U.S. West than other areas of the country?
STALIN [3.7K]

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7 0
3 years ago
When preparing a formal business presentation, the phase that can make or break your report is the _______ phase.
Luda [366]
The right answer for the question that is being asked and shown above is that: "d. organization." When preparing a formal business presentation, the phase that can make or break your report is the organization phase.
8 0
3 years ago
Read 2 more answers
Stallman Company took a physical inventory on December 31 and determined that goods costing $275,260 were on hand. Not included
Tpy6a [65]

Answer:

Inventory at year-end: 344,000

Explanation:

The inventory should add the purchased goods from Pelzer as the possesion is transfer at shipping point.

The sales units to Alvarez should also be included as teh transfer is not complete yet. The term on this transaction are at destination.

Total inventory in transit: 28,940 + 39,800 = 68,740‬

on hand:   $   275,260

in-transit:  $<u>     68, 740  </u>

Total:         $  344,000

5 0
3 years ago
The equilibrium price is: unstable because at this price the quantity demanded is less than the quantity supplied. stable becaus
Makovka662 [10]

Answer:

stable because at this price the quantity demanded equals the quantity supplied.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

6 0
3 years ago
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