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3 years ago

What is product market?

Business

1 answer:

MaRussiya [10]3 years ago

5 0

A product market focuses on finished goods purchased by consumers, businesses, the public sector and foreign buyers.

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At the beginning of 2017, Aristotle Company acquired a mine for $970,000. Of this amount, $100,000 was ascribed to the land valu

viktelen [127]

Answer: $225,000

Explanation:

Given that,

Company acquired a mine = $970,000 of this amount,

Land value = $100,000 and remaining portion to the minerals in the mine

Ore appear to be in the mine = 12,000,000 units

Aristotle incurred development costs = $170,000

fair value of its obligation = $40,000

ore were extracted = 2,500,000 units

Units sold = 2,100,000

$Depletion\ per\ unit = \frac{Mine\ acquiring\ cost + Development\ cost + Fair\ value\ of\ land - land\ value}{Ore\ appear\ to\ be\ in\ the\ mine}$

= $\frac{970,000 + 170,000 + 40,000 - 100,000}{12,000,000}$

= $0.09 depletion per unit

The total amount of depletion for 2017 = depletion per unit × ore were extracted

= $0.09 × 2,500,000

= $225,000

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3 years ago

A certain city reports the following year-end total assets: General Fund $18,400,000 Library Fund (a special revenue fund) 2,900

kolbaska11 [484]

Answer:

B) General Fund and Library Fund

Explanation:

Major funds are those that include revenues, assets, expenditures and liabilities that account for at least 10% of all the government funds.

In this case the total government funds = $26,300,000

so 10% of total funds = $26,300,000 x 10% = $2,630,000

only the general fund ($18,400,000 ≥ $2,630,000) and the library fund (2,900,000 ≥ $2,630,000) are higher than the 10% threshold.

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3 years ago

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(BRAINLIST!!!!!)

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1. FORGIVENESS - Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn't complete the course due to no fault of her own, Cheryl need not pay back the loan.

2. DEFAULT - Tom got a student loan to pursue a nursing science degree. But he couldn't manage his money well enough, due to which he was unable to pay back his loan.

3. WORK-STUDY - Sam is pursing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay a few educational expenses.

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3 years ago

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Selected data from Emporia Company follow: Balance Sheets As of December 31 2018 2017 Accounts receivable $ 600,000 $ 480,000 Al

svet-max [94.6K]

Answer:

Compute the accounts receivable turnover for 2018.

4.29 times

Compute the inventory turnover for 2018

3.6 times

Compute the net margin for 2017.

24.58%

Explanation:

Compute the accounts receivable turnover for 2018.

accounts receivable turnover = Sales / Accounts receivable

= $ 2,400,000 / $ 560,000

= 4.29 times

Compute the inventory turnover for 2018

Inventory turnover = cost of Sales / inventory

= $1,800,000 / $ 500,000

= 3.6 times

Compute the net margin for 2017.

net margin = Net Profit / Sales × 100

= (2,400,000-1,810,000) / 2,400,000 × 100

= 24.58%

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3 years ago

Which of the following statements about operations management in the service sector is most accurate? Operations management in t

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Operations management in the service sector has grown more rapidly than the manufacturing sector. Operations management is the implementation aspect of management.

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3 years ago

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