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ra1l [238]
3 years ago
15

Concrete terms can never be used in an abstract or symbolic way.

Business
2 answers:
andrey2020 [161]3 years ago
6 0

Answer:

False

Explanation:

I just took the test

dem82 [27]3 years ago
4 0

Answer:

The statement is FALSE.

Explanation:

Concrete terms are referred to those objects and events that are available to the five senses of human. However, these terms can be used in an abstract or symbolic way. A word is concrete in a specific context, but becomes a symbol of an abstract idea in a different context depending on the author's intent. This is possible because that symbol is not used in a literal meaning, but is used to represent an idea which usually means something else. Henche the given statement is wrong.

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In order to better compare/contrast costs of living in the various environments GNP/GDP may be adjusted to:
djyliett [7]

Answer:

PPP (purchasing power parity)

Explanation:

Purchasing Power Parity (PPP) aims to measure relative cost of living between countries of different currencies. It is a calculation that takes into consideration the same set of products and services and the amount of currency required to purchase them in each country. According to the PPP, two currencies are in equilibrium when a set of goods and services has the same value in two countries, considering the exchange rate between them. For example, if a big mac that costs $ 2 in the US also costs the same value in another country, that means there is a balance exchange rate between the two countries' economies. However, if price distortions are found, it will be possible to identify the difference in the cost of living between two countries.Therefore, while GDP and GNP aim to measure the wealth produced by a country, PPP aims to measure the relative cost of living between countries.

8 0
3 years ago
Saunders, Inc., has a ROE of 18.7 percent, an equity multiplier of 2.53 times, sales of $2.75 million, and a total assets turnov
Elena-2011 [213]

Answer:

Net Income = $75,281.80

Explanation:

Given that

Total assets turnover = sales/total assets

Where

Sales = 2.75 million

Asset turnover = 2.7

Thus

Total assets = 2750000/2.7

= $1,018,518.52

Also,

EM.= Total assets/equity

Where

EM = 2.53

Assets = $1,018,518.52

Thus,

Equity = 1,018,518.52/2.53

= $ 402,576.49

Finally,

Recall that

ROE = Net Income ÷ Equity

Therefore,

Net income = ROE × Equity

Where

ROE = 18.7 % = 0.187

NI = 0.187 × 402576.49

= $75,281.80

5 0
3 years ago
Read 2 more answers
A property is purchased for $200,000 with an 80 percent LTV. After five years, the owner's equity is $80,000. What would be the
Artyom0805 [142]

Answer:

The approximate annual expected appreciation rate on home equity (annual EAHE) is 14.87%

Explanation:

loan amount = purchase price*LTV

                      = $200,000*0.80

                      = $160,000

for n being the number of years:

annual EAHE = (loan/equity)^1/n

                       = ($160,000/$80,000)^1/5

                       = 14.87%

Therefore, The approximate annual expected appreciation rate on home equity (annual EAHE) is 14.87%

6 0
3 years ago
Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a t
Keith_Richards [23]
Big bucks!
Revenue is 50x500k = 25M
Assuming they get 100% and that isn't the retail price, they get 24m gross profit
Before taxes
M00lah mucho!
6 0
3 years ago
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
jenyasd209 [6]

Answer:

3. Sales Price 435 per unit

4. Variable cost $ 348 per unit

5. Contribution margin $ 87 per unit.

6. Contribution Format Income Statement

Explanation:

<u>Todrick Company </u>

<u>Contribution Format Income Statement.</u>

Sales                                $435,000

Beginning merchandise inventory $29,000

Purchases $290,000

Ending merchandise inventory $14,500

Direct Materials Used 304,500

Variable selling expense $ 21,750

Variable administrative expense $ ? 21750

Contribution margin $87,000

Fixed selling expense $ ? 43,500

Fixed administrative expense $17,400

Net operating income $26,100

<u>Todrick Company </u>

<u>Traditional Format Income Statement.</u>

Sales                                $435,000

Beginning merchandise inventory $29,000

Purchases $290,000

Ending merchandise inventory $14,500

Direct Materials Used 304,500

Gross Profit       $ 130,500

Less Selling And Admin. Expenses.

Variable selling expense $ 21,750

Fixed selling expense $ ? 43,500

Variable administrative expense $ ? 21750

Fixed administrative expense $17,400

Net operating income $26,100

3. Sales Price Per unit = Total Sales/ Total Sales Units

                                  =  $435,000/1000= $ 435 per unit

4. Variable cost per unit= Total Variable Costs/ No of Units=

                                              =    304,500 + 43,500/1000

                                                   = 348,000/1000= $ 348 per unit

5. Contribution margin per unit= Contribution Margin / No of Unit

                                              = $87,000/1000= $ 87 per unit.

6. Contribution Format Income Statement is more useful as it changes with the number of units varied. Traditional may not show the change that accurately as fixed expenses do not change with the change in the number of units.And in contribution margin income statement the variable expenses are accounted for separately.

4 0
3 years ago
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