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Gemiola [76]
3 years ago
13

True or false There are three economic sectors they are; consumer sector, business sector, and the universal sector.

Business
1 answer:
devlian [24]3 years ago
8 0
The right answer for the question that is being asked and shown above is that: "TRUE." <span>There are three economic sectors they are; consumer sector, business sector, and the universal sector. This statement is true as far as the three economic sectors are concerned.</span>
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Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
dmitriy555 [2]

Answer:

270,000 units

Explanation:

Given that:

Beginning Inventory for finished goods: 31,000

Ending Inventory for finished goods :  41,000

Beginning Inventory for raw materials: 61000

Ending Inventory for raw materials: 51,000

Units planned to be sold: 260,000

We compute the produced finished goods = Ending inventory + Units sold − Beginning inventory

           = 41,000 + 260,000 − 31,000 = 270,000

The number of units the company would have to manufacture during the year would be 270,000

6 0
3 years ago
A plaintiff sued a chimney sweeping company for personal injury and property damages resulting from an explosion in her chimney
galina1969 [7]

Answer:

No, because the statement is not offered for its truth.

Explanation:

Hearsay is defined as a statement that is aimed at proving the truth of a matter.

So if a person makes a statement not aimed at proving the truth of a matter it is not hearsay.

In the given scenario the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate.

This statement is offered as a way to test the knowledge of the plaintiff. To see if he was aware of the danger of in the space of 24 hours.

That statement was not issued as a way of showing that it was dangerous for the plaintiff to light a fire, only to test his knowledge. So it is not hearsay.

5 0
3 years ago
Sarah says that overhead includes utility, rent, and salary costs. Jonas says that overhead includes liabilities and accounts pa
Scorpion4ik [409]
The answer is b
Overhead are the factory cost which include fixed overhead and variable overhead
5 0
4 years ago
Shown below are selected data from the financial statements of the Supreme Company. (Dollar amounts are in millions, except for
Yuki888 [10]

Answer:

a. Gross profit rate =   Gross profit / sales

                              = <u> $710,000 * 100</u>

                                       $1,230,000

                              =  57.72%

b. <u>Supreme Operating Income </u>

Gross Profit                           $710,000

Operating expenses             <u>(440,000)</u>

Operating Profit                    <u> 270,000</u>

<u />

c. Return on Asset  =   Return/  Average Asset

                                =   <u>$390,000 * 100 </u>

                                       $4,000,000

                             =   9.75%

d. Return on equity  =   Return / Average equity

                                 =   <u>$390,000 * 100 </u>

                                        $2,400,000

                               =      16.25%

e. Price-earnings ratio  =  Market price per share / earnings per share

                                       =   $88/ $4  

                                       =  22

Explanation:

Computation of Gross profit

                                                $'000

Net Sales                                1,230

Cost of goods sold                 <u>(520)</u>

Gross Profit                              710  

3 0
3 years ago
Tableau DA 3-4: Quick Study, Classifying balance sheet items LO C3 The CEO of Jisko requests our help in preparing year-end fina
chubhunter [2.5K]
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Hope this helped!
4 0
3 years ago
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