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3 years ago

How do you call a person who receives the benefit of a good without paying for it (business terminology).

Business

1 answer:

Genrish500 [490]3 years ago

3 0

This kind of person in business terminology is called a free rider.

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a. Inventory, Beginning 300 $ 12 For the year: b. Purchase, April 11 900 10 c. Purchase, June 1 800 13 d. Sale, May 1 (sold for

dem82 [27]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Inventory, Beginning: 300 units at $ 12

For the year:

Purchase, April 11: 900 units at $10

Purchase, June 1: 800 units at $13

Sale, May 1 (sold for $40 per unit) 300

Sale, July 3 (sold for $40 per unit) 600

Units sold= 900 units

Inventory= 2000 - 900= 1,100 units

We will assume periodic inventory:

FIFO (first-in, first-out)

COGS= 300*12 + 600*10= $9,600

Inventory= 300*10 + 800*13= $13,400

LIFO (last-in, first-out)

COGS= 800*13 + 100*10= $11,400

Inventory= 800*10 + 300*12= $11,600

8 0

3 years ago

A small office building is purchased for $1,200,000 with a balloon mortgage that is due at the end of year 10. Payments are base

anygoal [31]

Answer:

$12,000 during the first year or $1,200 per year during 10 years

Explanation:

The IRS considers mortgage points as interest paid in advance, and generally individuals and small businesses will deduct them entirely during the current year. But the taxpayer can choose to deduct that amount ratably over the life of the loan (in this case 10 years). Of course most people chooses to deduct them completely during the first year because the IRS doesn't recognize any interest.

7 0

3 years ago

Which one of the following represents the minimum rate of return a firm must earn on its assets if it is to maintain the current

FinnZ [79.3K]

Answer:

B. Weighted average cost of capital

Explanation:

The Weighted average cost of capital is abbreviated as the WACC. It is the weighted average of cost of common equity, cost of preferred equity and aftertax cost of debt. For a company to have a breakeven in returns, they need to earn a minimum rate of return on its assets which is equivalent to the weighted average cost of capital(WACC) making choice B correct.

5 0

3 years ago

Connie, a single mother and home-business entrepreneur, enjoys running her own business. However, because she is busy balancing

VladimirAG [237]

Connie can best be described as Solo Operator type of entrepreneur.

Explanation:

Connie is a single mother who works from home on her small business which is her primary source of income but is ridden by the work of house and work which makes her unable to expand her business as she cannot invest enough time in it.

This is happening because she is a sole operator as in she has to take all the decisions and do all the work by herself with no additional help from anyone else whatsoever in the family or the work front either.

7 0

3 years ago

Deanna purchased $24,000 worth of stock and paid her broker a 1% broker fee. She sold the stock when it increased to $29,100 thr

vazorg [7]

Answer:

Here:

Explanation:

Purchase price of shares = 24000

total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240

selling price of shares = 29100

total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065

Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825

7 0

2 years ago