Answer:
Explanation:
Goods are tangible items that that can be bought at a price while services is defined as intangible benefits that is provided . However , they both provide value and satisfaction to the buying party
A shirt in the scenario is an example of a good as it was a tangible product that did not perish immediately.
The restaurant experience is a service as she chose to go there in order to sit and relax , in addition to buying the food stuff which could have been bought in a grocery store. The sitting and relaxing was an intangible product that expired (perish) as soon as she left the restaurant which qualifies it as a service
Answer:
The Return on total assets is 7.3%. The right answer is c
Explanation:
In order to calculate the the return on total assets we would have to calculate the following formula:
Return on total assets = Earnings before interest and taxes / Average total assets
Earnings before interest and taxes=Net income + Interest expense
Net income=$21,643
Interest expense=$4,450
Average total assets
=$359,218
Return on total assets= ($21,643 + $4,450) / $359,218
Return on total assets=0.0726=7.3%
The Return on total assets is 7.3%
I found the correct table and copied its form in an excel file. I also inputted my answers there.
Fixed cost is a fixed amount regardless of the number of units created.
Variable cost is the amount that is directly related to the number of units. As the number of units produced increases, so does the variable cost.
These are the formulas I used in the table I made.
Total Cost = Fixed Cost + Variable Cost
Fixed Cost = Total Cost - Variable Cost
Variable Cost = Total Cost - Fixed Cost
Average Fixed Cost = Fixed Cost / Quantity output
Average Variable Cost = Variable Cost / Quantity output
Average Total Cost = Total Cost / Quantity output OR Ave. Fixed Cost + Ave. Variable Cost.
Marginal Cost = Change in Total Cost / Change in Quantity output
Answer:
Yes, if the business is slow, then you can cut short the budget for the office supplies as well as repairs for the next quarters, However, you need to do this intelligently. Like you can abandon commercial office, and work from home if your business permits it. Thus repairs will be reduced in cost, and also the office supplies.
Explanation:
Yes, if the business is slow, then you can cut short the budget for the office supplies as well as repairs for the next quarters, However, you need to do this intelligently. Like you can abandon commercial office, and work from home if your business permits it. Thus repairs will be reduced in cost, and also the office supplies like food which can be prepared on self in home, stationery can be bought for less, electricity cost is reduced as you need to pay now for only one place as your office and home both are same now, and you also save the transportation cost as well.
Also, you can barter business goods and services. Like if you have rented your office, you can provide your services free of cost to the landlord during a bad time in exchange for monthly rent. You can also cut the insurance cost, and also make most out of your time through proper planning. All this is possible. And hence you can reduce the budget for the next quarter for office supplies and repairs certainly.
