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chubhunter [2.5K]
3 years ago
12

A man buys several loaves of bread at $1 a loaf and sells them at 25 cents a loaf. he does it again and again. entirely as a res

ult of this, he becomes a millionaire. how?
Business
1 answer:
Tpy6a [65]3 years ago
6 0
The given problem above is an example of a quick-fire puzzle. In this scenario, the man becomes a millionaire after buying several loaves of bread at $1 a loaf and sells them at 25 cents each, because the man started off as a billionaire, who decided who help the poor. Hope this answers your question.
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Which employee had the highest earned commission? What specifically was their commission amount?
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Commission simply means a form of variable-pay remuneration for services that are rendered or products sold.

<h3>What is commission?</h3>

Your information is incomplete. Therefore, an overview will be given. A commission is a payment that an employee makes based on a sale.

For example, when an employee sells a product for $500 and they get a 10% commission on all sales, then the employee will earn $50 on that sale.

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For the year ended December 31, a company has revenues of $332,000 and expenses of $203,500. The company paid $56,000 in dividen
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3 years ago
Which inventory costing method results in the lowest net income during a period of rising inventory​ costs?.
scoray [572]

Due to the greatest cost of goods sold, the LIFO (Last In Last Out) technique displays the lowest net profitability. Compared to the other techniques of inventory valuation, the cost of goods sold for the LIFO approach is the greatest.

<h3>Which technique of inventory valuation will result in the lowest net profit?</h3>

The application of LIFO will produce the lowest net income and the greatest estimated cost of goods sold among the three options during periods of inflation.

<h3>Which method of inventory has the lowest income tax rate?</h3>

LIFO is the inventory cost flow method that yields the lowest income tax liability. A form of inventory cost flow mechanism called last-in-first-out (LIFO) operates under the presumption that the last item acquired will be the first item to be sold.

<h3>In an era of inflation, which inventory method results in the lowest income tax?</h3>

Due to increasing COGS, LIFO leads to reduced net income (and taxes). However, under LIFO during inflation, there are fewer inventory write-downs. Results from average cost are in the middle of FIFO and LIFO.

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7 0
1 year ago
A tenant with a triple net lease rents a building that has the following yearly operating expenses: Property taxes $5,000, Utili
bonufazy [111]

Answer: $13500

Explanation:

The triple net lease refers to a lease agreement whereby the tenant pays all the property expenses such as property taxes, building insurance, utilities, repairs and maintenance.

Therefore, based on the question given, the expenses to be paid will be:

Property taxes = $5,000

Add: Utilities = $7,000

Add: Repairs & Maintenance = $1,500

Total = $13500

4 0
3 years ago
A _________ is generally considered an appreciating asset because it may _________ in value over time.
jeka94

A house is generally considered an appreciating asset because it may increase in value over time. Appreciation is an increase in the value of an asset over time. The increase of the value of the house may occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. One example would be: the neighborhood became very famous, so the value of the houses there will increase, because the demand will increase.

8 0
3 years ago
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