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
nordsb [41]
3 years ago
9

Do Public schools, charities and government agencies seek for profit

Business
1 answer:
Delvig [45]3 years ago
7 0
Well in order to run the business no matter which type it is there is a need for revenue, not profit, unless it is private. For public school revenue comes from the State and when a local shop sponsor.
You might be interested in
If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?
frez [133]

Answer: $1,110 .

Explanation:

Given : Amount received by concession stand in gameday sales = $5,550

i.e. Gross income = $5,550

Profit  for the event = $3,330

i.e. Net income =$3,330

According to the Net income formula ,

Gross income - expenses = Net income

⇒ Expenses = Gross income - Net income

⇒ Expenses = $5,550- $3,330

⇒ Expenses = $1,110

Thus , the expenses were $1,110 .

3 0
3 years ago
A manager is trying to decide whether to purchase a certain part or to have it produced internally. Internal production could us
Sergio [31]

Answer:

For both 10,000 units and 20,000 units, the best alternative is Vendor B

Explanation:

Using the information provided in the question, we can write the following:

Annual Volume of 10,000 units

Internal Alternative 1

Variable costs = 170,000 (we multiply the variable cost per unit by total units)

Fixed costs = 20,000

Total costs = 370,000

Internal Alternative 2

Variable costs = 140,000

Fixed costs = 240,000

Total costs = 380,000

Vendor A

Total cost = 200,000 (we simply multiply the price by the quantity)

Vendor B

Total cost = 180,000

Vendor C

Total cost = 190,000

The cheapest option is Vendor B

Now for the 20,000 units:

Internal Alternative 1

Variable costs = 340,000

Fixed costs = 200,000

Total costs = 540,000

Internal Alternative 2

Variable costs = 280,000

Fixed costs = 240,000

Total costs = 520,000

Vendor A

Total cost = 400,000

Vendor B

Total cost = 360,000

Vendor C

Total cost = 380,000

Therefore, Vendor B is once again, the cheapest alternative.

5 0
3 years ago
Give a Brief history from subsistence economy to money economy.<br> Please Help ASAP. Please
Rus_ich [418]

Answer:

Explantation to the following question is as follows;

Explanation:

A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.

Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.

5 0
3 years ago
Is it surprising to you that a relatively small company like Sunny Delight could end up with so many different analytics tools?
shusha [124]

Answer:

See attached file

Explanation:

4 0
3 years ago
Which of the following statements is correct with respect to inventories? The FIFO method assumes that the costs of the earliest
jeka57 [31]

Answer:

Under FIFO, the ending inventory is based on the latest units purchased.

Explanation:

First in, first out inventory (FIFO) method values cost of goods sold using the purchase price of the "oldest" units in inventory. This means that the cost of the first units sold will be used to determine COGS.

On the other hand, last in, first out (LIFO) method uses the price of the most recently purchased units to determine the cost of goods sold.

7 0
2 years ago
Other questions:
  • Assume a company's Income Statement for Year 12 is as follows Year 12 in 000s Income Statement Data Net Revenues from Footwear S
    14·1 answer
  • Activities of a central motor pool that provides and services vehicles for the use of municipal employees on official business s
    13·1 answer
  • In which of the following situations would you prefer to be the​ lender? A. The interest rate is 4 percent and the expected infl
    5·1 answer
  • Blake has managed several restaurants for over 50 years and is close to retirement. With his maturity and business experience, h
    9·1 answer
  • Electra Bikes is an American brand with a global presence. Which of the following trade agreements allowed Electra Bikes to expa
    7·1 answer
  • The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current
    11·1 answer
  • The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 310,000 $ 35 B 410,000 40 C 510,000 15 D 710,
    15·1 answer
  • What are the functions of business.
    11·1 answer
  • From a business perspective, ___________ taxes are analogous to the personal property taxes paid by individuals.
    8·1 answer
  • Ethan is planning for his retirement. He has narrowed it down to two investment options. The first is an ira where monthly payme
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!