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statuscvo [17]
3 years ago
13

To fund operations so far bill has taken out a second mortgage on his personal residence for $70,000 and deposited the full amou

nt into the company's bank account. kerry has not contributed any money to the company, but has offered to work on the company's accounting books for 'free' until a point in time when the company has enough money to pay her.
Business
1 answer:
Thepotemich [5.8K]3 years ago
6 0
What is the question for this question!???
You might be interested in
If fixed costs are $240,000, the unit selling price is $36, and the unit variable costs are $20, what is the break-even sales (u
Nina [5.8K]

The break-even sales (units) is 15000;

240000/(36-20)

At this moment, fixed and variable costs will be completely covered by sales revenue (income).

Be = FC/(SP - VC) FC = fixed costs SP = sale price VC = variable costs

More about break-even sales:

The revenue level at which a company makes no profit is known as break even sales. This sales quantity completely offsets all of the variable costs related to the sales as well as the underlying fixed costs of a business.

Knowing the break even sales level gives managers a benchmark for the minimal volume of sales that must be produced throughout each reporting period to prevent losses.

For instance, the break even level can be used to reduce fixed expenses to meet the anticipated level of future sales if a business slump is anticipated.

Learn more about break-even sales here:

brainly.com/question/13770712

#SPJ4

6 0
2 years ago
Which of the following statements is true? Gross private domestic investment less depreciation is net private domestic investmen
Fudgin [204]

Answer:

Gross private domestic investment less depreciation is net private domestic investment.

Explanation:

Investment is addition to capital stock during a period of time. Depreciation is fall in value of fixed (capital) assets due to usage, wear & tear, obsolescence.  

Gross Private Domestic Investment = Total addition to capital stock by private domestic sector, without accounting for depreciation of existing capital stock.

Net Private Domestic Investment = Addition to capital stock by private domestic sector, accounting for depreciation deduction of existing capital stock.

So, Gross Private Domestic Investment - Depreciation = Net Private Domestic Investment.

3 0
3 years ago
A broker, acting as the agent of a seller, must deal honestly and fairly with whom? Group of answer choices
Doss [256]

Answer:

Everyone involved in the transaction

Explanation:

As an agent of the seller, the broker has a fiduciary duty with the seller (principal) to act of behalf of his/her best interest.

But the broker must also act honestly with the buyer, if the broker closes a deal using dishonest or unfair practices, e.g. forging documents, then the buyer might claim damages from both the broker and the seller.

And of course the broker should also make sure that his/her own rights are respected and his/her work is properly paid.  

8 0
4 years ago
When establishing criteria to measure the success of a customer-oriented business, managers should:?
gavmur [86]
<span>Managers should conduct a 360 evaluation of staff performance. This includes gathering feedback from suppliers, customers, and other employees. Customer surveys, with an incentive, are an effective way to measure success and gather target feedback. A key performance indicator for this type of business is customer retention.</span>
7 0
3 years ago
The capital account records Question 2 options:
Paraphin [41]

Answer:

c. transactions involving foreign investment in the United States and U.S investment abroad.

Explanation:

The capital account provides the record of foreign investment transactions occurring between a country and another country. It gives an idea of money coming in and out of the state. A surplus in the capital account record is indicative of the inflow of money in the country, while a deficit indicates the loss of money.

Debt accrued by a country, banking, loans and investment are all reflected in the capital account record. So, for a person to determine a nations assets and liabilities, the capital account would provide an accurate insight to that information.

3 0
3 years ago
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