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3 years ago

What is the best definition of profit?

1 answer:

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<span>Profit can be best defined as gain, especially when achieved by increasing the price of goods so the money paid by consumers outweighs the cost for the producer, leaving a sizeable return on what has been paid out. Once expenses and costs have been covered, profit is the money left over.</span>

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The ideal measure of short-term receivables is the discounted value of the cash to be received in the future. Failure to follow

Sladkaya [172]

Answer: The amount of the discount is not material.

Explanation:

Short-term receivables as the term implies, are short term which means that they are to be received within the period/ year. When discounted therefore, the value will more or less be the same because the discounting period will be so small.

Whatever the difference between the discounted value and the original value is, it will most probably not be material enough for ignoring the practice mentioned to be an issue.

3 0

2 years ago

Which of the following accurately describes a capital gain

Aleonysh [2.5K]

Answer:

An increase in value of an investment

Explanation:

If you are referring to the question:

Which of the following accurately describes a capital gain?

a. An increase in the value of an investment.

b. An u p w a r d trend in prices.

c. A rise in the standard of living.

Capital gain refers to the increase or rise in value of capital assets. Capital assets are things like real estate, cars, investments, and the like. It basically means that what you bought or invested in would be worth more than its purchasing price when sold. Of course, the gain does not occur until you sell it.

4 0

3 years ago

Read 2 more answers

Which is not a type of payroll deduction?

Sergio [31]

Answer:
B. Clothing expenses

6 0

2 years ago

Read 2 more answers

A firm has $300 million of assets that includes $40 million of cash and 10 million shares outstanding. If the firm uses $30 mill

Marina CMI [18]

Answer:

$30.00

Explanation:

Repurchased Shares are called the treasury share, The treasury shares account is contra equity account, which is adjusted in the equity value. After repurchase the company has less outstanding shares than before.

As per given data

Total Asset = $300 million

Number of shares = 10 million

Per share value = $300 million / 10 million = $30 per share

After Repurchase

Total Asset = $300 million - $30 / 10 million - ($30 million / $30)

Total Asset = $270 / 10 million - 1 = $270 million / 9 million = $30 per share

4 0

2 years ago

Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $580,000, vari

vesna_86 [32]

Answer:

Net income= -$34,200

Explanation:

Giving the following information:

Beta Division:

Sales= $580,000

Variable expenses= $301,600

Traceable fixed expenses of $186,500.

Income= 91,900

Alpha Division:

Sales of $510,000

Variable expenses of $178,500

Traceable fixed expenses of $222,100.

Income= 109,400

The total amount of common fixed expenses not traceable to the individual divisions is $235,500.

<u>We need to deduct from the income of each division the not traceable fixed costs.</u>

Net income= 91,900 + 109,400 - 235,500

Net income= -$34,200

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3 years ago