1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nadusha1986 [10]
3 years ago
11

The total amount of money that businesses take in by selling goods and services is called ________.

Business
2 answers:
Radda [10]3 years ago
7 0
The answer to your question is Profit! Profit is the amount of money you make minus the cost of the materials!
vagabundo [1.1K]3 years ago
6 0

The total amount of money that businesses take in by selling goods and services is called ________. "PROFIT"?
You might be interested in
A firm has a profit margin of 6% and an equity multiplier of 1.5. Its sales are $230 million, and it has total assets of $115 mi
Ket [755]

Answer:

18%

Explanation:

In this question, we use the DuPont Analysis which is shown below:

ROE = Profit margin × Total assets turnover × Equity multiplier

ROE = 6% × 2 × 1.5

        = 18%

The total assets turnover is shown below:

= Sales ÷ total assets

= $230 million ÷ $115 million

= 2

Simply we apply the ROE formula in which the profit margin is multiplied with the total assets turnover and the equity multiplier

7 0
3 years ago
The central bank buys $15,000 worth of bonds in the open market from Christopher, who
vladimir2022 [97]

Answer:

(a) What is the amount by which Carla Bank's liabilities have changed?

Carla Bank's liabilities increased by $15,000 (bank deposits are liabilities).  

(b) Calculate the change in required reserves for Carla Bank.

Carla Bank's reserves must increase by $15,000 x 5% = $750

(c) What is the dollar value of the maximum amount of new loans Carla Bank can initially make because of Christopher's deposit?

Carla Bank can loan $15,000 x 95% = $14,250

(d) Based on the central bank's open-market purchase of bonds, calculate the maximum amount by which the money supply can change throughout the banking system.

Money multiplier = 1 / 5% = 20

The money supply has the potential to increase by $15,000 x 20 = $300,000

(e) How will the change in the money supply in part (d) affect aggregate demand in the short run? Explain.

Aggregate demand will increase since the total money supply increases. This should also help to decrease the interest rates and foster investment.

4 0
2 years ago
Concession Supply sells hotdogs, buns, and nacho ingredients to several major league ballparks across the country. Currently, Co
Vesnalui [34]

Answer:

1. 120 hot dogs per day

2. $1,920

3. Inelastic

4.200

Explanation:

1. Break even is a term given to a situation where there is no profit or loss made by an organization for product sales.

Formula is;

Fixed cost /contribution per unit, where contribution per unit is selling price - variable price.

Solution.

Since Total fixed cost =$1,200, Selling price=$16, Variable costs=$6

=Fixed costs/(Selling price - Variable costs).

= $1,200/($16 - $6)

=$1,200/$10

=120 hot dogs.

2. Break even point in dollar sales volume. This refers to the number of products that would be produced and sold to cover production cost.

Formular is ;

Fixed cost/contribution per unit× Sales price per unit.

Solution

=Fixed costs/(Selling price - Variable costs)× Selling price.

=$1,200/($16 - $6)×$16

=$1,200/$10×$16

=$1,200×$16/$10

=$19,200/$10

=$1,920

3. The demand would be inelastic. Inelastic demand is when the demand of buyers does not change as much as changes in price.

4. Achieve level of sales target. This is when management wanted to know the sales level at which targeted profit will be achieved.

Formula

Fixed costs + Target profit/Contribution per unit

Solution.

=Fixed costs + Target profit/(Selling Price - Variable costs)

= $1,200 + $800/($16-$6)

=$1,200 + $800/($10)

=$2,000×/$10

=$200

=200 cases would needed to sell

6 0
3 years ago
Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has incr
galina1969 [7]

Answer:

Current multi factor productivity for 640 work hours per month is 0.24 loaf/dollar

Explanation:

Employees are being paid $8 per hour,

Constant utility cost per month will remain same as $600

and loaf ingredient cost $0.35/loaf

Current multi factor productivity for 640 work hours per month is 0.24 loaf/dollar

640 hours  * $8/hour = $5,120

1500 loaves * $0.35 = $525

$5,120 + $525 + $600 = $6,245

= 1500 loaves / $6,245

=0.24 loaf/dollar

5 0
2 years ago
Goldfarb Company manufactures and sells toasters. Each toaster sells for $24.15 and the variable cost per unit is $16.30. Goldfa
guajiro [1.7K]

Answer:

$7.85

Explanation:

Provided that

Selling price per unit = $24.15

Variable cost per unit = $16.30

Total fixed cost = $25,400

Budgeted sales 8,400 units

The formula to compute the contribution margin per unit is as follows

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

= $24.15 - $16.30

= $7.85

By deducting the variable cost per unit from the selling price per unit we can find out the contribution margin per unit

3 0
3 years ago
Other questions:
  • Please somebody help me
    14·1 answer
  • Kalyan Corporation uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month
    10·1 answer
  • Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the new year. fireworks cost
    6·2 answers
  • Bingerton Industries uses a perpetual inventory system. The company began the year with inventory of $77,000. Purchases of inven
    13·1 answer
  • On January 1, Power House Co. prepaid the annual rent of $10,140. Prepare the journal entry to record this transaction.
    13·1 answer
  • When a principal falsely leads a third party to believe that another individual serves as his or her agent, the principal has cr
    5·1 answer
  • Suppose that you are a DBA. What data dimensions would you describe to top-level managers to obtain their support for data admin
    14·1 answer
  • The City of Kyle, Texas hired Wonderworks to put on its Independence Day fireworks show. Despite taking reasonable safety precau
    9·1 answer
  • What are the six segments of the travel industry? Give examples of each. <br> Actual examples please
    13·1 answer
  • Ski ABC Company manufactured too many ski jackets, overestimating the quantity retailers would purchase. So Ski ABC has offered
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!