The richest 20 percent of the families in the united states receive approximately _____

Match the terms with their descriptions. Customer Inquiry Quotation Customer Purchase Order A. An agreement to purchase the stat

REY [17]

Answer:

matched as below

Explanation:

A. An agreement to purchase the stated material, for the stated price, under the stated terms...Customer Purchase Order.

A purchase order represents instructions contained in an order document given out by a customer to business to deliver the goods specified in the order. The customer has committed to buy the goods stated in the order. A customer will prepare a Customer purchase order based on a quotation provided by a business.

B. It spells out the availability and prices of the materials specified in the inquiry. It is prepared by the sales department. ..Quotation.

A quotation is a document prepared by a company detailing the availability of specified good or services and their prices. A quotation will be issued in response to an inquiry from a customer. The sales department prepares the document in consultations with the stores department.

C. A request for information about the availability and prices of the products that a customer is interested in...Customer Inquiry.

A Customer Inquiry is a document that specifies items or services that customer would wish to buy from the business. The customer seeks to know if the company deals with specific products, their prices and availability.

5 0

3 years ago

Condensed financial data are presented below for the Phoenix Corporation:

Solnce55 [7]

Answer:

Part 1.

3.1 times

Part 2.

a. total assets

Part 3

d. the company's ability to generate sufficient cash to repay debt when due.

Explanation:

For Part 1

Inventory turnover measures the activity of liquidity of a company`s inventory. The higher the ratio in comparison, the more efficient the inventory is managed.

Inventory turnover = Cost of Sales ÷ Inventory

therefore,

Inventory turnover = $982,500 ÷ $ 312,500 = 3.1 times

For Part 2

In a common-size Balance Sheet, each item is expressed as a percentage of total assets whereas in a common size Income Statement, Sales revenue is expressed as 100 % and every other item is expressed as a percentage of sales revenue.

For Part 3

Solvency or Liquidity is the ability of short term assets to cover short term liabilities. Also put, it is the company's ability to generate sufficient cash to repay debt when due.

5 0

3 years ago

Profit is best described as Multiple Choice revenues plus expenses, less taxes. the funds available for business growth, after e

Rudik [331]

Answer:

the funds available for business growth, after expenses and salaries are paid.

Explanation:

Mainly profit is the earnings that calculated after paying all the types of expenses and it could be used for growing the business

So according to the given options the second one is correct as it represent that the profit is the fund that available for the growth of the business after pay off all the expenses

So the same is to be relevant

8 0

3 years ago

J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $12

Allushta [10]

Answer:

Net income= $98,200

Explanation:

Giving the following information:

Division A:

The contribution margin of $79,300

Division B:

Contribution margin of $126,200.

The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.

To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.

Net income= (79,300 + 126,200) - 72,400 - 34,900

Net income= $98,200

7 0

3 years ago

If there is a great demand for a product, the production for that product will

sweet [91]

production for that product will increase.

4 0

3 years ago

Read 2 more answers

The richest 20 percent of the families in the united states receive approximately ______ percent of total income.