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3 years ago

How needs and wants are associated with business

1 answer:

3 0

Needs and wants are associated with business because it is the basis of the economy. People have needs to purchase like water and food and people also have wants like a special kind of makeup or speaker. These items fuel the economy and businesses.

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Kim hires michelle to go to the art gallery and purchase a specific painting for him. the painting costs $1,500. because this is

svetoff [14.1K]

<span>Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.</span>

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3 years ago

Examine how businesses can be organized and structured in general

enot [183]

Sole proprietorship
Partnership
Incorporation

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3 years ago

To an experimenter in frame s′, the meter stick's frame, did you make your two measurements simultaneously? if not, which end di

Likurg_2 [28]

No, it is not possible to measure simultaneously.we have to measure the left end first.

The meter scale is the apparatus for dimension of the period of any item. instance: The duration of the square is 5 meters. right here, 5 is the magnitude of the period and meter is the unit of length. 1 meter of the meter scale is split into a hundred centimeters. Meter scale is used to degree length.

The metre scale alongside the object in order that the 'zero' mark on the metre scale coincides with one give up of the item and studying at the other cease of the size suggests the duration of the item.

Measurement is the procedure of comparison of the given physical amount with the regarded fashionable quantity of the same nature. as an example, dimension of duration the usage of Vernier Callipers and measurement of diameter of wire using screw gauge.

Learn more about measurements here:- brainly.com/question/26668346

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2 years ago

Which sentence de-emphasizes the credit refusal?We cannot grant you credit at this time, but we welcome your cash business and e

Luda [366]

Answer:

Although credit cannot be granted at this time, we welcome your cash business and encourage you to reapply in the future.

Explanation:

In business communication when conveying a message that is not pleasant to the other party, it is advisable to demphasise the bad news and focus on the good news in your statement.

This will create a more positive environment that promotes future business.

In the first statement the client was just told - We cannot grant your credit at this time.

This emphasises the bad news.

In the second statement the client was told - Although credit cannot be granted at this time.

Using the word although demphasises the credit rejection and focuses more on the client's cash business and the possibility of reapplying in the future.

4 0

3 years ago

AJ Manufacturing Company incurred $50,000 of fixed product cost and $40,000 of variable product cost during its first year of op

inn [45]

Answer:

Sales= 160,000

COGS= (40,000 + 50,000)= (90,000)

Gross profi= 70,000

Other expenses:

Fixed selling and administrative costs= (16,000)

Variable selling and administrative costs= (13,000)

Net operating income= $41,000

Explanation:

Giving the following information:

$50,000 of the fixed product cost

$40,000 of variable product cost during its first year of operation.

$16,000 of the fixed selling and administrative costs

$13000 of variable selling and administrative costs.

The company sold all of the units it produced for $160,000

Under GAAP requirements, the income statement follows this structure:

Sales Revenue

(Cost of goods sold)

=Gross profit

(Operating expenses)

Income from other Operations

= Earnings before interest and taxes (EBIT)

(interest)

= Earnings before Tax

(Tax)

=Net operating income

In the example:

Sales= 160,000

COGS= (40,000 + 50,000)= (90,000)

Gross profi= 70,000

Other expenses:

Fixed selling and administrative costs= (16,000)

Variable selling and administrative costs= (13,000)

Net operating income= $41,000

7 0

4 years ago