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Jet001 [13]
3 years ago
12

Consumers use products to buy goods and see. Producers use money

Business
2 answers:
pav-90 [236]3 years ago
8 0

Explanation:

Here are two concepts, one is of consumers and other is of producers. Producers are the ones who manufacture products or provide services. Producers put their money and efforts and time, to make the product or to provide the service. Then this product or service is used by the consumers. Consumers are the people who uses the products or services provided by the producers. Consumers pay money to buy the product or services. This money that the consumers pay is more than the amount of money producers put in making that unit of product. So they enjoy the excess money as the profit of putting their efforts and time. This is called business.

zmey [24]3 years ago
3 0
Consumers buy products from the producers because they produced it. if that is the question that you are asking. 
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At the end of January of the current year, the records of NewRidge Company showed the following for a particular item that sold
const2013 [10]

FIFO will result in higher pretax income and EPS.

FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.

FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.

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5 0
2 years ago
You recently started a new job working with databases. you receive training on maintaining the database from your boss, gregor.
ser-zykov [4K]

You recently started a new job working with databases. you receive training on maintaining the database from your boss, Gregor. gregor tells you that when a DBMS flags a deleted record, completeness.

A database is an organized collection of data that is stored and accessed electronically. Small databases can be stored on the file system, while large databases are hosted on computer clusters or cloud storage.

A database is an organized collection of structured information or data, usually stored electronically in a computer system. A database is typically controlled by a database management system (DBMS).

MySQL, SQL Server, MongoDB, Oracle Database, PostgreSQL, Informix, Sybase, etc. are examples of various databases. These modern databases are managed by a DBMS. Structured Query Language or SQL is better known and is used to manipulate data in databases.

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6 0
2 years ago
You price a product at $100. Its cost you s60 to make. What is your percentage margin?
BARSIC [14]

the percentage margin is40%

4 0
4 years ago
Amber Corporation donated inventory of clothing (basis of $136,000, fair market value of $170,000) to a qualified charitable org
viva [34]

Answer:

charitable contribution deduction =  $153000

Explanation:

given data

basis = $136,000

fair market value = $170,000

solution

we get here charitable contribution deduction that is express as

charitable contribution deduction = Basis + 50% of (Fair - basis)    .......................1

put here value and we get

charitable contribution deduction = $136,000 + 0.50 ($170,000 - $136,000 )

charitable contribution deduction =  $153000

3 0
3 years ago
Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for Januar
Zigmanuir [339]

Answer:

Total Contribution Margin= $50,388

Explanation:

Giving the following information:

Sales (3,400 units) $ 88,400

Variable expenses 43,316

We need to calculate the selling price and unitary variable cost:

Selling price= 88,400/3,400= $26

Unitary variable cost= 43,316/3,400= $12.74

Now, we can calculate the total contribution margin for 3,800 units.

Sales= 26*3,800= 98,800

Variable cost= 12.74*3,800= (48,412)

Contribution margin= 50,388

3 0
3 years ago
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