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3 years ago

"_____ is selling domestically produced products to customers in foreign countries."

1 answer:

6 0

Exporting is selling domestically produced products to customers in foreign countries.

Often times, companies export their goods to give more opportunity to gain customers, make a profit and expand their resources. There are also many items that a country imports because of another exporting. In America, we have a lot of items from China that are imported from their exports. Sometimes these items may be priced a little higher depending where you are due to export and import taxes and fees.

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Which of the following is true about career goals?

Arada [10]

Answer:

$\gamma \: option \: b$

Explanation:

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3 years ago

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The following information is related to Kingbird Company for 2017.

Sati [7]

Answer:

Net income is $2,474,000

Retained earning for the year 2017 is $2,142,000

Retained earnings balance at December 31, 2017 is $3,123,000

Explanation:

A multi-step income statement is an income statement that shows gross profit and the detailed of each category of expenses and incomes to arrive at the net income of a company for a particular period.

This can be prepared as follows:

Kingbird Company

Mutiple step income statement

for the year ended December 31, 2017

Details $

Sales Revenue 26,100,000

Cost of goods sold (16,100,000)

Gross profit 10,000,000

Operating expenses:

Selling and administrative expenses (4,710,000)

Operating income 5,290,000

Other income (loss):

Gain on the sale of investments 111,000

Write-off of goodwill (821,000)

Loss due to flood damage (391,000)

Interest income:

Interest revenue 71,000

Income before tax 4,260,000

Income taxes for 2017 (1,254,000)

Income after tax 3,006,000

Extraordinary items:

Loss on wholesale div. disp. (net of tax) (441,000)

Loss on wholesale div. op. (net of tax) (91,000)

Net income 2,474,000

Preferred stock dividend (81,000)

Common stock dividend (251,000)

Retained earning for the year 2017 2,142,000

Retained earnings balance, Jan. 1, 2017 981,000

Retained earnings bal., Dec. 31, 2017  3,123,000 

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3 years ago

Which business function is concerned with delivering a product or service to customers?

Gwar [14]

Answer:

Production

Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers

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2 years ago

______ is the process of creating a clear, distinctive, and desirable understanding of the product in the consumer's mind relati

Drupady [299]

Answer:

Positioning

Explanation:

This has to do with arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing products in the mind of target consumers.

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3 years ago

On January 1, 1980 Moses deposit $1850 into a savings account paying 5.6% interest compounded quarterly if he hasn’t made any ad

artcher [175]

Answer: 12.86 years.

Explanation: Rule of 72 says that to know in how many years the amount can double can be done by using the interest rate. The rule of 72 says that 72 divided by the annual interest rate will give the number of years it will take to double the amount.

Rule of 72:

Rate of interest = 5.60%/4

Number of years to double the investment = 72 ÷ 1.4

Number of years to double the investment = 51.43/4 = 12.86 years

Therefore, it will take 12.86 years for the $1850 to get double to $3700.

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3 years ago

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