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svetoff [14.1K]
3 years ago
15

What is the best definition of profit?

Business
2 answers:
Rufina [12.5K]3 years ago
6 0

Answer:

D

Explanation:

took the test

weqwewe [10]3 years ago
3 0

Answer:

The correct answer is D. Profit is the financial gain from business activity minus expenses.

Explanation:

For example a company whose business activity is selling chairs has sold 10 chairs in a month at 10 dollars each which it has bought in 6 dollars (per chair). The company has incurred 5 dollars as admin expenses and had paid 10 dollars to commercial bank as interest. So what is company profit?

Calculation.

The profit will be 25$ as shown below.

Sales                     (10*10) 100

Purchase               (10*6)  (60)

Admin expense                 (5)

Financial expense             (10)

Profit                                   25

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Suppose that there is a checkable deposit intoYourBank. Which of the following statements is an accurate description of the chan
maks197457 [2]

Answer: Option (C) is correct.

Explanation:

The required reserves are the reserves that banks have to keep it with central bank. Required reserves are the fraction of Check-able deposits. The required reserves are determined by multiplying the deposited amount with the required reserve ratio.

Required reserves = Deposited amount × Required reserve ratio

Required reserve ratio is set by the central bank.

3 0
2 years ago
Suppose that in the U.S. consumer market, the demand for credit cards is increasing. As the demand for credit cards increases, w
Anna [14]

Answer:

Both equilibrium quantity and interest rate will shift to the right.

Explanation:

A shift to the right on those two factors candidates a general increase in the market.

As a demand for a certain product increase, The producer will match it up by increasing the supply of that product in order to accommodate as many consumers as possible. This will cause the equilibrium between demand and supply increased.

As the consumers base grow, there will be more competitors show up to offer the credits for the customers. This will make the potential income that credit providers decreased. As a response, it is very common for them to raise the interest rates for the credit.

8 0
3 years ago
A customer has purchased 1,000 shares of ABC stock at $44 per share, paying a commission of $1.00 per share for the transaction.
EastWind [94]

Answer:

D) 1,200 shares held at a cost basis of $37.50 per share

Explanation:

Since the company paid a stock dividend, it increased the number of stocks held by the stockholders. The investor initially had 1,000 shares plus a 20% dividend = 1,000 x 1.2 = 1,200 shares. Since each stock should theoretically be worth less, his/her basis should decrease. The basis for each stock was $44(price) + $1(commission) = $45, after the dividend is paid it will be adjusted to $45 / 1.2 = $37.50 per stock

6 0
3 years ago
While Steve is cleaning out his garage, he finds an old surfboard that he no longer needs. As he walks to the dumpster to throw
ki77a [65]

Answer:

$10

Explanation:

Steve achieved a producer surplus of $10, which is commensurate with the value of the 6-pack of beer he received from his neighbor. This means he practically sold the old surfboard for $10.

6 0
3 years ago
3
Orlov [11]

Answer:

C. Planning, directing, and controlling; these are functions of a manager.

5 0
2 years ago
Read 2 more answers
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