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3 years ago

Almost 80% of business owners are clueless about the competition, resulting in

Business

1 answer:

Lesechka [4]3 years ago

6 0

Answer:

The correct answer would be lost market share and customers.

Explanation:

When companies start their business and their business starts to boom, they usually get busy in making their products better and better and usually forget to keep an active eye on the competition they have in the markets. Almost 80% of the business owners are clueless about the competition. Due to this negligence, companies start to loose their market share as well as the customers, because they don't have idea about what their competitors have introduced in the market and what strategies they have used to compete in the market.

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Debt management ratios measure __________.

tankabanditka [31]

Debt management ratios measure how well a company is using debt versus equity position.

8 0

3 years ago

Which best describes the purpose of using cost-benefit analysis?

IrinaVladis [17]

Answer:

Make decisions that maximize benefits

Explanation:

The whole purpose of a cost-benefit analysis is to allow management to make the best decisions using the measurment of profitability in a specific project or system. The model calculates all the income and benefits as well as all the associated costs, substracting the costs from the benefits. This is how you can determine the opportunity cost for each project or system.

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3 years ago

Read 2 more answers

At the beginning of 2018, Rex Co. showed a debit balance in the cash account of $20,500. Total debits to this account during the

Vinil7 [7]

Answer:

$10,000 increase

Explanation:

If we make a ledger account, it will be easier to understand whether it increases or decreases. The following is the ledger of cash account -

Cash Account

Debit Credit

Date/Number Amount ($) Amount ($) Date/Number

Jan. 2018 (Beginning) $20,500

<u>1. Overall 45,000 35,000 1. Overall</u>

Balance, December $30,500 (See note for calculation)

2018

Note:

1. Beginning cash + Debit balances - Credit balances = Ending balance

or, $20,500 + 45,000 - 35,000 = $30,500

2. Therefore, increase in cash = Ending cash balance - Beginning cash balance = $30,500 - 20,500 = $10,000.

5 0

3 years ago

Exercise 201 This information relates to Crane Co. for the year 2022. Retained earnings, January 1, 2022 $56,000 Advertising exp

aniked [119]

Explanation:

The preparation of the year-end 2022 income statement for Crane Co.is shown below:

Crane Co.

Income statement

For the year 2022

Revenue

Service revenue $63,500

Total revenues $63,500 (A)

Less: Expenses

Advertising expense $1,800

Rent expense $10,000

Utilities expense $2,300

Salaries and wages expense $25,300

Total expenses $39,400 (B)

Net income $24,100 (A- B)

7 0

3 years ago

Bering Rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expect

murzikaleks [220]

Answer:

$112,100

Explanation:

The depletion expense for the year is the tons of granite removed in the year divided by the total expected granite removable multiplied by the cost of acquiring the granite quarry of $590,000.

Tons of granite removed in the year is 38,000 tons

total granite removable is 200,000 tons

depletion expense=38,000/200,000*$590,000=$ 112,100.00

The depletion expense is $112,100

The appropriate journal entry would to debit depletion expense with $112,100 and credit accumulated depletion

7 0

3 years ago