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3 years ago

14

John was a high school teacher earning $ 80000 per year. He quit his job to start his own business in pizza catering. In order t

o learn

1 answer:

Bingel [31]3 years ago

6 0

Whats the full question??

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Juan, not a dealer in real property, sold land that he owned. His adjusted basis in the land was $700,000 and it was encumbered

Zielflug [23.3K]

Answer:

45.45%

Explanation:

The total selling price was $200,000 (paid on the date of the sale) + $900,000 (note received) = $1,100,000

Juan's cost of he land = $700,000 (basis) - $100,000 (mortgage) = $600,000

Juan's profit = $1,100,000 - $600,000

Juan's gross profit percentage = $500,000 / $1,100,000 = 45.45%

6 0

3 years ago

Cushing Manufacturing assigns overhead based on machine hours. The MillingDepartment logs 1,800 machine hours and Cutting Depart

morpeh [17]

Answer:

Explanation:

The journal entry is shown below:

Milling work in progress A/c Dr $9,000

Cutting work in progress A/c Dr $15,000

To Manufacturing overhead A/c $24,000

(Being overhead allocation is recorded)

The milling work in progress is computed by

= Milling department machine-hours × $ overhead rate

= 1,800 machine hours × $5

= $9,000

And, The cutting work in progress is computed by

= Cutting department machine-hours × $ overhead rate

= 3,000 machine hours × $5

= $15,000

5 0

2 years ago

If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.

solmaris [256]

For a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

<h3>Why is the relationship between demand and price of prestige products direct?</h3>

The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.

And when the quantity demanded increases, the price tends to increase.

An example of a prestige product is an old car.

Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

Learn more about the demand for prestige products at brainly.com/question/6374886

3 0

2 years ago

A railwya has an operating ratio of 78%. If uts operating revenue were for $ 4.6 B for 205what were its operating expenses

kvasek [131]

Answer:

Its operating expenses were $ 3.588 B

Explanation:

The operating ratio is the ratio of operating expense to the operating or revenue generated.

This ratio is used for comparison of results from the operations of various industries.

Given that the operating ratio of 78% and the operating revenue is $4.6B, the operating expense T may be computed as

78% = T/4.6 * 100%

T = 4.6 *.78

= $3.588 B

4 0

3 years ago

Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data t

Likurg_2 [28]

Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived.

<h3>What is data?</h3>

It should be noted that data simply means the facts and statistics that are used to analysis.

In this case, data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived

Learn more about data on:

brainly.com/question/26711803

#SPJ1

4 0

1 year ago