1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no b
Sveta_85 [38]

Answer:

$136

Explanation:

Date      Transaction       Units         Cost           Total          

3             Purchase             5            $20             $100

10            Sale                     3

17            Purchase            10            $24            $240

20           Sale                     6

23           Sale                     3

30           Purchase           10             $30            $300

using the first in, first out method, the COGS is calculated based on the oldest price of the units in merchandise inventory:

6 units were sold on May 20th, 2 of them costed $20 (May 3rd purchase) per unit = $40, while 4 of them costed $24 (May 17th purchase) = $96. Total COGS = $40 + $96 = $136.

7 0
3 years ago
When she uses her american express card, cathy obtains possession of goods and services when they are purchased. payment is due
JulsSmile [24]
<span>American Express credit cards and credit cards in general are a type of revolving charge account. Credit cards are regarded as a revolving charge account or revolving credit because if the balance is not paid off by the period specified, it will roll over to the next period (and collect interest), thus "revolving" into the next period. This is how the debt compounds if you are not responsible with your credit cards.</span>
6 0
3 years ago
Scott, a young professional, buys a new BMW, even though a Mercedes would have cost him less. Scott values the BMW brand. This i
ivanzaharov [21]

Answer:

The correct response will be "Paying a premium price ".

Explanation:

  • Each consumption has the fundamental economic intention of obtaining products that have the highest possible and the limit requirements at the lowest competitive prices.
  • And therefore, satisfied customers frequently ignore that instinct because some other manufacturer is still connected to something like the commodity.
5 0
3 years ago
The Keynesian view of economics assumes that:
olga nikolaevna [1]

Answer:

The correct answer is

b. wages are sticky.

good luck

7 0
3 years ago
24) To ensure that respect and mutual cooperation exists among all parties, and to leverage cooperation in order to meet operati
ira [324]

Answer:

CMOCs.

Explanation:

CMOCs, short for Civil-Military Operations Centers, are centers that are temporarily established in a particular country where a military operation is taking place in order to maintain a relationship between military and non-military entities. In some cases, it may serve as a replacement for a government after some kind of a disaster, which can have natural or man-made causes.

Many different types of operations can take place in these centers, such as attempts at stabilization of that country, reconstruction, humanitarian relief, etc.

3 0
3 years ago
Other questions:
  • Camera 1 costs $4,900. It should last for eight years and have annual maintenance costs of $220 per year. After eight years, the
    14·1 answer
  • How does excessive money in the economy lead to inflation?
    12·1 answer
  • Opening Case: The Trans Pacific Partnership QUESTION 1: Do you agree with the characterizations of the TPP as ""a terrible deal"
    11·1 answer
  • Anderson Products Inc., a large conglomerate, took over a small startup company that had made some breakthrough innovations in t
    7·1 answer
  • The additional unit of happiness that you receive from a decision is called the _____
    13·2 answers
  • The Eco Pulse survey from the marketing communications firm Shelton Group asked individuals to indicate things they do that make
    6·1 answer
  • What is the base of Selection Process?
    6·1 answer
  • Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return o
    9·1 answer
  • Drag each example to the corresponding step in the new-product development process.
    10·1 answer
  • A trade discount is: ___________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!