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fredd [130]
3 years ago
11

TP5. LO 7.2How might service industries predict revenue?

Business
1 answer:
dalvyx [7]3 years ago
5 0

Answer:

Budgeting, forecasting and planning

Explanation:

Service industries uses budgeting, which includes expected sales  and operational cost, to forecast, plan and predict revenue. With regards to forecasting; historical or past company data are used to make sound prediction.

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Equipment that cost $875,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets ar
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Answer:

a. $1,400,000.

Explanation:

Find the attachment

4 0
3 years ago
Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for
k0ka [10]

Answer:

One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point.  Therefore, at equilibrium, the demand and supply in quantity are equal.

a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.

b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

Explanation:

a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal.  The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively.   In economics,  when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.

b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.

c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence.  This leads to a reduction in quantity supplied overall.

d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.

5 0
3 years ago
Between the original equipment manufacturer (OEM), original design manufacturer (ODM), and original brand manufacturer (OBM), ge
ser-zykov [4K]

Answer:

OEM

Explanation:

Of all these three, the OEM is the least risky. And also it is the safest approach. It has the ability to decrease the cost of production. The purchasing company would be able to get whatever is needed without needed a factory or running one.

OBM engaged in manufacturing, designing and Branding products.

ODM engages in both designs and manufacturing

6 0
3 years ago
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tia_tia [17]
The black asian community is fed up with racism HELP
5 0
3 years ago
Eastwood Enterprises offers horseback riding lessons. During the month of June, the company provides lessons on account totaling
olya-2409 [2.1K]

Answer:

$4,780    

Explanation:

The computation of the amount of operating cash flow that received from customers in June is shown below:

= Received the amount with respect to his account + received an amount from customers who were provided lessons in May

= $4,300 + $480

= $4,780    

The amount of providing lessons is irrelevant. Hence, ignored it

6 0
3 years ago
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