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Agata [3.3K]
4 years ago
14

The cost of goods sold in a retail store totaled $325,000. fixed selling and administrative expenses totaled $115,000 and variab

le selling and administrative expenses were $210,000. if the store's contribution margin totaled $590,000, then sales must have been:
Business
1 answer:
Phantasy [73]4 years ago
6 0
The cost of goods sold in a retail store totaled $325,000. fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $210,000. if the store's contribution margin totaled $590,000, then sales must have been: 1,125,000
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Coverall, Inc., an insurance company, recently moved into the motorcycle insurance market. Coverall was concerned that the most
Naily [24]

Answer:

It is a result of adverse selection

Explanation:

The economic problem in this story is adverse selection. As in this the person who take the insurance drive uselessly and carelessly . In Coverall, Inc., an insurance company's case insurance company increases premium amount in order to cover this type of customer. It is a result of adverse selection.

4 0
3 years ago
How would a manufacturer benefit by using fewer scarce resources
Dima020 [189]

A manufacturer tries to benefit by using scarce resources in the following ways -  

Scarce resources will reduce the cost of production leading to maximum profits.  

Lesser cost of production will make it more budget friendly and popular among the customers.  

Because of better margins, business can invest in research and development to offer better quality products to its customers.


Read more on Brainly.in - https://brainly.in/question/5403340#readmore


4 0
3 years ago
Which of the following does not represent an asset of a company?
mariarad [96]

Answer:

4. Amounts owed to suppliers

Explanation:

We know that

Balance sheet comprises of assets, liabilities and the stockholder equity

The assets could be classified into current asset, fixed asset, and the intangible assets

While the liabilities are also classified into current liabilities and the long term liabilities  

The account receivable, equipment, supplies have come on the asset side of the balance sheet whereas the account payable or amount owed to suppliers have come on the liabilities side of the balance sheet

So, the most appropriate option is 4.

3 0
3 years ago
Which performance management technique initially involves the identification of a large number of critical incidents, followed b
FrozenT [24]

Answer:

A. Behaviorally Anchored Rating Scale

Explanation:

The behaviorally anchored rating scales, called BARS for short, indicates both qualitative and quantitative data to the employees appraisal process. BARS uses behavioural movements as reference rather than using the traditional generic descriptors. It identifies critical behaviours of a large group, classify these behaviors into performance dimensions and then rank these behaviors into levels of performance.

8 0
4 years ago
Finn designs and sells screen-printed t-shirts. He is reviewing sales data from previous years to decide which colors are the mo
GREYUIT [131]

Answer:

Business Analytics

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this is an example of Business Analytics. This term refers to the process of investigating past business performance and statistics in order to gain insight and increase sales by creating a new business plan. Which is what Finn is doing by reviewing the previous years sales data.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
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