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Savatey [412]
3 years ago
6

Grace period is a period of time before the credit card company starts charging late fees.

Business
1 answer:
hodyreva [135]3 years ago
7 0

Answer:

True

Explanation:

You might be interested in
Andre works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development t
gtnhenbr [62]

Answer:

Intrapreneurs

Explanation:

An intrapreneur is an employee who is responsible for creating new products in an organization. An intrapreneur is an individual who converts an idea into a finished product. An intrapreneur must possess the ability to create something unique, they must be self motivated individuals who are willing to take calculated risks inorder to achieve their goals.

An intrapreneur possess entrepreneurship skills, they must be able to inspire other employees to create something new because an organization will loose it's relevance if new products are not developed.

6 0
3 years ago
The difference between total assets of a firm and its total liabilities is called_______.
Gnom [1K]

The difference between the total assets of a firm and its total liabilities is called <u>net worth</u>.

Net worth is the value of all of your property, minus the whole of all your liabilities. Positioned every other manner, it's miles what you personal minus what you owe. If you owe extra than you own, you have got a bad internet worth. if you very own greater than you owe you will have a nice net well worth.

Net worth is the price of all of the non-economic and economic assets owned with the aid of a man or woman or group minus the fee of all its fantastic liabilities. Net actual worth is the cost of all assets, minus the whole of all liabilities. placed any other manner, internet well worth is what's owned minus what is owed.

The meaning of total assets is all of the property or objects of cost, a small commercial enterprise owns. Included in total belongings are coins, bills receivable (cash thanks to you), inventory, devices, equipment, and so on.

Learn more about Net worth here brainly.com/question/12371230

#SPJ4

4 0
1 year ago
On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,700,000 for $5,000,000. Rigsby appropriately uses the i
xxTIMURxx [149]

Answer:

$127,400

Explanation:

Gross profit ratio = [(sale - cost) ÷ sale price] × 100

                           = [($5,000,000 - $3,700,000) ÷ $5,000,000] × 100

                          = 0.26 × 100

                          = 26%.

Gross profit on down payment is recognized in 2019:

= Down payment × Gross profit ratio

= $490,000 × 26%

= $127,400

5 0
3 years ago
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un
harina [27]

Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.

Cost of goods sold= 7*14 + 5*7= $133

7 0
4 years ago
Randy’s Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are
riadik2000 [5.3K]

Answer:

a. 8,200 pizzas

b. 17,400 pizzas

c. $17,100

Explanation:

The computation is shown below:

a. For break even point

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $9 - $5

= $4

So, the break even point is

= $32,800 ÷ $4

= 8,200 pizzas

b. For target profit

The break even point is

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)  

= ($32,800 + $36,800) ÷ $4

= 17,400 pizzas

c. And, the margin of safety in dollars is

= (Total sales - break even sales) × selling price per unit

= (10,100 pizzas - 8,200 pizzas) × $9

= $17,100

5 0
3 years ago
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