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n200080 [17]
3 years ago
15

If Expenses are greater than income, you have a surplus

Business
1 answer:
Hunter-Best [27]3 years ago
6 0
False. It's called net income.
A <em>surplus</em> is when your income exceeds your expenses.
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A music venue offers all of its customers a 40 percent discount on concert tickets for regional bands. It also offers an additio
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Answer:

2 tickets

Explanation:

the cost of membership is $25.

Cost of a ticket is $25

All cost get a 40 % dicsount

membersships earns a further 10% discount

total discount ofr membership eqauls 50%( 40+10)

There fore a member pays $ 12.5 { (50/100) $ 25) } for ticket

To get back cost of membership which is $25, a member need to buy 2 tricke { $25/12.5}

8 0
3 years ago
Joan sells new cars at a local dealership. she receives 15% commission on profit each car is sold for . last week she sold 9 car
Serggg [28]

Calculation of Commission earned:


We are given that Joan sells new cars at a local dealership and she receives a 15% commission on profit.

So we can say that :

Commission earned = 15% * Total profit  

Last week she sold 9 cars for the total of $10,870 dealer profit

Hence Commission earned shall be calculated as follows:

Commission earned = 15% * Total profit  


Commission earned = 15% * 10870 = $1,630.50


Hence, the Commission earned by Joan is <u>$1,630.50</u>



3 0
3 years ago
Which method describes the inventory process in which the first items to be
spin [16.1K]

Answer:

Last in, Fast out (LIFO)

Explanation:

The Last in, Fast out (LIFO) method is an accounting method used to attach value to inventory.  Under the LIFO formula, the assumption is that the last item to be purchased will be sold first. The costs of the final goods to be produced or purchased will be used to expense the first batch of products to be sold.

LIFO is the contrast of FIFO, which stands for first in first out.  LIFO, as an inventory accounting technique, is rarely used outside the US. The approach is suitable for large businesses with huge inventories such as car dealers and retailers.

7 0
4 years ago
Read 2 more answers
What type of tax system does the United States have
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The overall system<span> of </span>taxation<span> in the </span>United States<span> is progressive. </span>
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3 years ago
Read 2 more answers
What colur is my hair
sdas [7]
Strawberry blonde, dirty blonde, brown/light brown
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3 years ago
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