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3 years ago

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____.?

2 answers:

6 0

The factor is called a profit.

Profit is an aim to any business establishment. This is the financial return or reward that an entrepreneur ultimate goal after the risk they have take. The moment a product is sold more than it cost to produce, then a profit is earned which can be invested again.

PROFIT = TOTAL SALES - TOTAL COSTS

Yanka [14]3 years ago

6 0

Choose the best answer. When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____. credit discount inventory adjustment markup quantity discount

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a markup.

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1. What is business? Explain its characteristics.

jek_recluse [69]

Answer:

Business is an organization where goods and services are exchanged for one another or for money to make a profit, every business needs some form of investment and enough customers to sell product to.

the major characteristics are:

1. Exchange of goods and services

2. Deals in numerous transactions

3. Profit is the main objective

4. Business skills for economic success

5. risks and uncertainties

6. marketing and Distribution of goods

7. Sale to satisfy human wants

Explanation:

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2 years ago

How can you value our farmers in your own simple way

SOVA2 [1]

Answer:

By helping them

Explanation:

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3 years ago

Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to

slega [8]

Answer:

Contribution is sales revenue less variable cost. In multiple products environment, it is important that the producer have information about the performance of each product. This is useful for decision making purpose. See income statement below

Explanation:

An income statement showing contribution would suffice:

Royal Lawrence Company

Income statement

Weedban Greengrow Total

$ $ $

Sales (sp/unit × unit) 315,000 900,000 1,215,000

Variable cost (Vc/unit × units) (98,000) (325,000) (423,000)

Contribution 217,000 575,000 792,000

Specific fixed cost (132,000) (37,000) (169,000)

Product profit 85,000 538,000 623,000

Common Fixed cost (100,000)

Total profit 523,000 

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3 years ago

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A company is preparing financial statements using IFRS for the first time for the year ended December 31, 2018. The "transition

8_murik_8 [283]

Answer:

E. January 1, 2017

Explanation:

Financial statements are prepared showing at least two years for the sake of comparability.

It will be important for the company in presenting its financial statement using the IFRS for the year ended December 31st 2018 to show the financial statements for the year ended 31st December 2017 as if it had always applied the IFRS.

The basic idea is to show in the financial statements the effects of adopting the IFRS from a preceding period in order for the entity to show the financial statement for 2017 and 2018 and be able to compare them having been prepared on the same basis.

Thus, the transition date will be the beginning of the preceding period when the IFRS was applied (1st Jan. 2017 oe 31st Dec. 2016).

I hope this explanation makes the concept easy to grasp.

Thank you.

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Which phrase describes what users can see by selecting the attachment in the message and choosing the preview option in outlook

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Answer:

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Explanation:

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2 years ago

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