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4 years ago

What does it mean to be "in the black?"

Business

2 answers:

Ksivusya [100]4 years ago

7 0

Answer:

answer: option C. You have more credits than debits

Explanation:

just took it and it corrected my wrong answer which was D. You have more debits than credits.

11Alexandr11 [23.1K]4 years ago

5 0

Answer: Option d

Explanation: Using the word "black" refers to the profit margins of a corporation and existing financial health. A corporation seems to have been in the black when it is financially viable or, more explicitly, if after taking account for all expenditures, the business generates positive income.

The phrase has origins in the past of accounting where accountants manually checked financial information in their records before hardware and software were used.

Accountants used various colored inks— both black and red — to indicate the productivity of a product. Unlike a black business, in the red is seen as one of with unfavorable results or unprofitable.

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Which of the following statements refers to the wage-price spiral process?

zheka24 [161]

Answer:

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3 years ago

Determine the missing amounts. (Round answers to 0 decimal places, e.g. 1,225.)

kotegsom [21]

Answer:

Selling Price_Variable Costs_Contribution Margin_CM Ratio

1. $640 _________$352 _______$288 __________45%

2. $300_________$207 _______ $93 __________69%

3. $1,300 _______ $975 _______$325 __________25 %

Explanation:

As per given data

Selling Price_Variable Costs_Contribution Margin_CM Ratio

1. $640 _________$352 _______$288 $ ________45%

2. $300_________$207 _______ $93 __________69%

3. $1,300 _______ $975 _______$325 __________25 %

(a)

Unit Contribution margin = Unit selling price - Unit Variable cost

Unit Contribution margin = $640 - $352 = $288

(b)

Contribution margin Ratio = Unit Contribution margin / Unit selling price = $288 / $640 = 0.45 = 45%

(c)

Unit Contribution margin = Unit selling price - Unit Variable cost

$93 = $300 - Unit variable cost

Unit variable cost = $300 - $93 = $207

(d)

Contribution margin Ratio = Unit Contribution margin / Unit selling price = $207 / $300 = 0.69 = 69%

(e)

25 = $325 / Unit selling price

Unit selling price = $325 / 25% = $1,300

(f)

$325 = $1,300 - Unit Variable cost

Unit Variable cost = $1,300 - $325 = $975

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3 years ago

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3 years ago

Which best describe the benefits of renting home

Alex Ar [27]

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AURORKA [14]

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3 years ago