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AlekseyPX
3 years ago
5

Which of the following is the correct formula for profit?

Business
1 answer:
Lisa [10]3 years ago
3 0

Answer:

(Sales volume * Price) – (Variable costs + Fixed costs)

Explanation:

Profit is equal to Total sales less Total costs .

Here, Total costs is the addition of Variable and Fixed costs

(Sales Volume x Price) - (Variable Costs + Fixed Costs).

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Curtab, a company that manufactures digital watches, implements marketing strategies to attempt to eliminate analog watches from
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A) Design competition

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In the concept of innovation streams, Curtab is the innovator that is trying to create a sustainable competitive advantage because it works by designing an innovative product while its competitors rely on updating old designs.

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Why are brand names and advertising important features of monopolistic​ competition? A. Both of these techniques are needed to c
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Answer:

B. Both of these techniques can be used to increase the demand for the product.

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3 years ago
Advance, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is
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Answer:

a. 3.56%

b. 2.31%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

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Present value = $1,040

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The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

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Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department
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Answer:

d. A debit to Work-in-Process Inventory, Finishing Department of $140,000.

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