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3 years ago

The worlds first modern bank opened during the 14th century in this country

1 answer:

6 0

The worlds first and modern bank opened during the 14th century in Florence, Italy and later many branches were established in other parts of Europe. Even though the banking system became very crucial in the 14th century, the Bardi and Peruzzi families were able to start and establish several branches during this century.

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What is the major difference between the post-closing trial balance and the other two trial balances?

lapo4ka [179]

Answer:

d.The post-closing trial balance is the only one to include only real accounts.

Explanation:

Post closing trial balance is prepared after providing for all the adjustments pending in the first raw trial balance.

Thus, it only represents the real accounts, as only real accounts have the balance to be carried forward, all the expenses and incomes are not real accounts and are thus, closed, and no carrying balance.

Whereas, all other trial balances will have the other accounts outstanding as well.

Thus, only statement D is correct in disclosing the difference between various trial balances.

4 0

3 years ago

Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is w

Juliette [100K]

Answer:

The contribution margin ratio is closest to 40%

Explanation:

The contribution margin ratio calculates the percentage of sales that will contribute to cover fixed costs and earn a profit. The contribution margin is the difference between the selling price per unit and the variable cost per unit of a product. The contribution margin ratio is the contribution margin per unit represented as a percentage of selling price per unit or total contribution margin represented as a percentage of total sales revenue.

CM Ratio = Total contribution margin / Total Sales revenue

CM ratio = 72000 / 180000 = 0.4 or 40%

7 0

3 years ago

Jennifer North has asked you, as a potential consultant for Wearable Wishes, to prepare document that summarizes your preliminar

Paha777 [63]

Answer:

WHY should Wearable Wishes (WW) compete with Zara especially in it's U.S. Market Base?

Should Zara succeed in taking over most or all of the market share in the US, this would negatively impact Zara whilst strenghtening Zara to compete against WW in other markets. All they need do is modify their strategy to suit the demographics and psychograhics of the other markets where WW is present.
Zara's US market is huge. Besides, if it's accepted there, the chances are that it will be accepted in other markets globally.

Therefore, WW's interest in the US must be preserved by initiating and sustaining strong competition against Zara for the US market.

HOW The best place to start from would be to execute a SWOT analysis for both companies if possible. WW should be concerned about how it can leverage a combination of its strengths and opportunities to outsmart Zara and woo the market over to its side whilst reducing or minimizing its weaknesses.

Another tool that will be very relevant in the above excercise is the Potters 5 Forces Framework/Analysis.

The above tool looks at competitive rivalry from the following perspectives:

The ease with which potential competition can enter the market
The influence of suppliers in the industry
Substitute goods
The influence of buyers in the industry

One key advantage that WW has over Zara is that Zaras offerings are limited to: Men, Women, Kids, Shoes and Bags. WW, on the other hand, provides all the above and more. Their include: Toys, threats and even animal items.

Cheers!

5 0

3 years ago

Which of the following types of berries are generally cooked before eating?

Sedbober [7]

C. cranberries
the others are normally eaten raw

7 0

3 years ago

Read 2 more answers

Catherine is an hr executive looking for a new job. she comes across an advertisement in a newspaper seeking applications for th

Anon25 [30]

These requirements are called Workplace skills. These are the skills that an employee should possess in order for the company to attain its goals. These skills are needed of a candidate or an employee and these skills are needed for all companies or any industry. Examples of workplace skills are good communication skills, having good analytical skills, good interpersonal skills, good leadership skills, and being professional.

4 0

3 years ago