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4 years ago

When businesses raise the price of a needed product or service after a natural disaster, this is known as .

2 answers:

6 0

When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.

Annette [7]4 years ago

3 0

Answer:

price gouging

and it sucks

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The bad feelings associated with disappointing news can generally be reduced if the receiver knows the reasons for the rejection

Pavel [41]

Answer:

Explanation:

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4 years ago

Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 335,000 Variable expenses 184,250 Con

cestrela7 [59]

Answer:

New contribution margin = $180,900

Explanation:

Given:

Total Sales = $335,000

Variable expenses = $184,250

Contribution margin = $150,750

Fixed expenses = $107,000

Net operating income = $43,750

Find:

New contribution margin if sales volume increases by 20%

Computation:

New sales = 335,000 x (1+20%)

New sales = $402,000

New variable expenses = $184,250 x (1+20%)

New variable expenses = $221,100

New contribution margin = New sales - New variable expenses

New contribution margin = $402,000 - $221,100

New contribution margin = $180,900

8 0

3 years ago

Patricia McCarthy lives in a subsidized apartment complex for low-income senior citizens. She pays a monthly rent of $297 for a

love history [14]

Answer:

$4,068

Explanation:

Margret's monthly rent = $297

Monthly electricity costs = $42

Her costs per year will be

= ($297 x 12) + ( $42 x 12)

=$3,564 + $504

=$4,068

4 0

3 years ago

Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workwee

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Answer:

Wages Expense debit $8,000

Wages Payable credit $8,000

Explanation:

At the end of December 31, which is a Thursday, workers would have worked 4 days out of a 5-day week, which implies we need to recognize wages for the 4 days because it has been incurred even not yet paid

Wages for 4-days=$10,000*4/5

Wages for 4-days=$8,000

We would debit wages account with $8,000 since an increase in an expense account is a debit entry while wages payable would be credited since it is an increase in liabilities

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3 years ago

Ivanhoe Co. had sales revenue of $549,500 in 2017. Other items recorded during the year were: Cost of goods sold $325,600 Salari

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Answer:

Sales Revenue 549,500

Less Cost of goods sold (325,600)

Gross Profit 221,900

Less Expenses

Salaries and wages expense (120,500)

Other operating expenses (11,970)

Income tax expense (29,130) (161600)

Net Income 60300

Explanation:

A single-step income statement

Does not give distinction to Operating Incomes and expenses and Non-operating Income and expenses. All expenses are deducted in the same category.

Unrealized gain on value of patents

Patents are Intangible Assets. The gain in Patents Is Adjasted in Income statement subject to previous revaluations if Fair Value Model was elected by Ivnhoe Co for its subsequent measurement of Intangible assets

Increase in value of company reputation

Company Reputation is a special Intangible Asset called Goodwill. The gain in Goodwill. Goodwill is Internally generated. Not Recognised in Ivanhoe Co unless if it is purchased.

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3 years ago