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3 years ago

What is quotas in business?

1 answer:

Pie3 years ago

7 0

A quota is a government-imposed trade restriction that restricts the number, or monetary value, of goods that can be imported or exported during a particular time period. Quotas are used in international trade to help regulate the volume of trade between countries.

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Vertical Analysis of Income Statement Revenue and expense data for Searle Technologies Co. are as follows: 20Y8 20Y7 Sales $900,

lara [203]

Answer:

Preparation of income statement is shown below:-

Explanation:

Comparative Income Statement

2018 2018 2017 2017

Amount Percent Amount Percent

Sales $900,000 100.0% $725,000 100.0%

Less:

Cost of Goods Sold $558,000 62.0% $435,000 60.0%

Gross Profit (A) $342,000 38.0% $290,000 40.0%

Selling Expense $117,000 13.0% $116,000 16.0%

Administrative

Expense $63,000 7.0% $65,250 9.0%

Total Operating

Expense (B) $180,000 20.0% $181,250 25.0%

Income from

Operation (A-B) $162,000 18.0% $108,750 15.0%

Less: Income

Tax Expense $76,500 8.5% $58,000 8.0%

Net Income $85,500 9.5% $50,750 7.0%

Formula for Computation of Percentage :- (Cost of Goods Sold or Gross Profit etc. of particular period ÷ Sales for such period)

6 0

4 years ago

Angelina has again found herself frustrated at work. Her manager, for whatever reason, never makes a decision. If anything is to

hichkok12 [17]

Answer:

The correct option is E , laissez-faire

Explanation:

Option A,autocratic is not correct since the scenario painted an opposite scenario and autocratic approach to management means the manager tells the subordinates what to do.

Bureaucratic is when decision making is slow because many stakeholders are expected to jointly decide.

However,laissez-faire is an approach where subordinates are allowed to think out of the box and get tasks accomplished without manager's interference.

8 0

3 years ago

Nimbus Inc. is a hybrid organization. The organizational structure of the company has been developed to combine geographic suppo

kolbaska11 [484]

Answer:

 B) that Nimbus has a matrix structure

Explanation:

Yes absolutely the above information is true, and from the following statement that can be fittingly inferred is given in OPTION(B).

Because matrix structure is something in that organizational structure of the company has a single record that is given to multiple administrator.

So, therefore as we can see in the scenario that Nimbus Inc. is also has a matrix structure.

7 0

3 years ago

Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $32,000 in premiums

Natalija [7]

Answer:

He does not report any gross income as life insurance proceeds are exempted from tax.

Explanation:

As a rule life insurance proceeds to a beneficiary are not taxable, they are viewed as non taxable inheritance of the deceased to the beneficiary.

However if Ellie had instructed the insurance company to hold the funds for sometime before paying Jason, the interest earned during that period will be taxable.

5 0

3 years ago

Crowl Corporation is investigating automating a process by purchasing a machine for exist793, 800 that would have a 9 year usefu

abruzzese [7]

Answer:

5.80% , option A is correct

Explanation:

The formula for the simple rate of return on the investment=annualprofit/net amount invested

annual profit amount=savings in cash operating costs-annual depreciation on the new machine=$133,000-$88, 200=$ 44,800.00

net amount of investment=pruchase cost of new machine-the scrap value of the old machine=$793, 800-$21, 200=$ 772,600.00

simple rate of return on investment=$ 44,800.00/$ 772,600.00=5.80%

7 0

4 years ago