All categories

3 years ago

Mary's cleaning business has several customers but is not dominant in its field. this is an example of a(n) ____ business.

1 answer:

7 0

Mary's cleaning business has several customers but is not dominant in its field. this is and example of a small business. Cleaning business is a very small business because of independent workers are involving the job. and very low profit of the cleaning business. it is commonly a residential cleaning business.

You might be interested in

Monroe Construction Company uses the percentage-of-completion method of accounting. In 2013, Monroe began work on a contract it

deff fn [24]

Answer:

$2,400,000

Explanation:

Costs incurred during 2013 + estimated costs to complete (2014) = $9,600,000 + 6,400,000 = $16,000,000

The gross profit for all the project should be $20,000,000 - $16,000,000 = $4,000,000.

The $4,000,000 gross profit should be distributed as follows:

2013 = ($9,600,000 / $16,000,000) x $4,000,000 = $2,400,000

2014 = ($6,400,000 / $16,000,000) x $4,000,000 = $1,600,000

7 0

3 years ago

ABC, Inc.'s income statement shows Service Revenue of $40,000, Wages Expense of $25,000 and Net Income of $1,000. The other expe

Temka [501]

Answer:

A) $14,000.

Explanation:

In the profit or loss statement, the key elements are sales and expenses and the net of these two gives the net income.

Given

Service Revenue = $40,000,

Wages Expense = $25,000

Net Income = $1,000

Total expense = $40,000 - $1,000 = $39,000

The total expense is made of the wage expense and other expenses.

Therefore, other expenses = $39,000 - $25,000

= $14,000

3 0

3 years ago

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract su

Galina-37 [17]

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract substantial venture capital investment. True

Explanation:

Firms that are funded as a apart of the sharing economy are usually never as profitable as the private companies which draw more investors despite their continued success as their business models are not based on producing profits for the higher ups and have a much more horizontal structure in their firm of ownership and responsibility among the workers.

This means that their is less money in it for the investor and the administrator than it is in a top to down job which is usually the case in corporate and there is more assiduity on the work too.

6 0

3 years ago

Suppose you deposit $2,200 cash into your checking account. By how much will the total money supply increase as a result when t

zhannawk [14.2K]

Answer:

The money supply increases by $3300.

Explanation:

Money multiplier = 1/reserve ratio

= 1/0.4

= 2.5

the change in the money supply = deposit *multiplier -deposit

= $2,200*2.5 - $2,200

= $3300

Therefore, The money supply increases by $3300.

6 0

3 years ago

"Shareholder wealth" in a firm is represented by:

Grace [21]

The best and most correct answer among the choices provided by the question is the fourth choice. "Shareholder wealth" in a firm is represented by the market price per share of the firm's common stock. I hope my answer has come to your help. God bless and have a nice day ahead!

6 0

3 years ago