All categories

3 years ago

A market price:________.

Business

1 answer:

trasher [3.6K]3 years ago

7 0

Answer:

Explanation:

Sellers market! Sellers decide what will be the market price for their goods.

Buyers can and cannot agree with the proposed price.

If they agree, sellers will up their prices next year

If the buyers do not agree we will have a sale going on

Easy as that

You might be interested in

At the beginning of the current year, Snell Co. total assets were $254,000 and its total liabilities were $177,200. During the y

tamaranim1 [39]

Answer:

66.62%

Explanation:

The debt ratio is the total liabilities divided by total assets. At the end of the year, total assets stood at $266,000, the increase in retained earnings which is the excess of revenue over expenses and dividends payment does not affect liabilities, as a result, liabilities stayed the same at $177,200.

Debt ratio=total liabilities/total assets

debt ratio=$177,200/$266,000

debt ratio=66.62%

7 0

3 years ago

Simon Company’s year-end balance sheets follow.

Salsk061 [2.6K]

Answer and Explanation:

The computations are given below:

As we know that

(1) The Account receivable turnover ratio is

= Net sales ÷ average account receivable

For 2015, it is

= $673,500 ÷ ($89,500 + $62,500) ÷ 2

= 8.86 times

For 2014, it is

= $532,000 ÷ ($62,500+$50,200) ÷ 2

= 9.44 times

(2) The inventory turnover ratio is

= Cost of goods sold ÷ average inventory

For 2015

= $411,225 ÷ ($112,500 + $82,500) ÷ 2

= 4.22 times

For 2014

= $345,500 ÷ ($82,500 + $54,000) ÷

= 5.06 times

(3) The days sales in inventory is

= Ending inventory ÷ cost of goods sold × 365

For 2015, it is

= $112,500 ÷ $411,225 × 365

= 99.85 days

For 2014, it is

= $82,500 ÷ $345,500 × 365

= 87.16 days

6 0

4 years ago

Formula for efficency<br>

telo118 [61]

Answer:

Efficiency is often measured as the ratio of useful output to total input, which can be expressed with the mathematical formula r=P/C, where P is the amount of useful output ("product") produced per the amount C ("cost") of resources consumed.

Hope it helps.

5 0

4 years ago

Read 2 more answers

There are 100 used laptop g for sale on the market. 40% of them are in good condition, and the rest of them are broken, which is

NNADVOKAT [17]

Answer:

In equilibrium the maximum price set for a broken laptop to be sold is $600

Explanation:

According to the given data we have the following:

It is given that 40% laptops are in good condition. This implies that 60% are in bad condition.

In ordert to calculate the maximum price set for a broken laptop to be sold we would have to calculate the expected price that the buyers will be willing to pay for a laptop as follows:

Expected price=0.60($2000)+0.40($600)

Expected price=$1,200+$240

Expected price=$1,440

As the owners of good laptops are willing to sell their laptops for $1,800, whis is more that $1,440, they will not sell their products.

This implies that only bad laptops are sold in the market. The willingless to pay for the bad laptops is $600

Therefore, In equilibrium the maximum price set for a broken laptop to be sold is $600

7 0

3 years ago

What is business explanation

Serjik [45]

Answer:

A business is any organization where people work together.

Explanation:

Business is any organization which strives to earn profit through the focusing on a common goal. Business is located such that it is near to the resources needed for its success.
The business strategy and type of business determine the goals of the business.
Irrespective of the devised strategy the business must aim to produce a product, service to empower the society.
The three characteristics to conduct a business include:business must be the product of individuals working in organized way, must help the society, must make some profit.

4 0

3 years ago