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3 years ago

How come a business will position itself near another business/businesses that offer the same service?

1 answer:

7 0

There is something beautiful called "competition" It not only helps with business, but is also essential for monetary gains. If someone sees that the other store is offering something worth $1.00, the other might put their price at .95 cents. Better business. Better profits.

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Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve nev

Klio2033 [76]

Answer:

The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area

Explanation:

The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.

6 0

4 years ago

The amount of a good or service that a consumer is willing and able to buy at various possible

joja [24]

Answer:

demand

Explanation:

Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demanded is also called the demand curve.

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3 years ago

The average American’s real income today is about four times what it was in _________.

s344n2d4d5 [400]

Answer:

The average American’s real income today is about four times what it was in 1960. Average lifetime lengths have increased by 12%, the number of hours worked per week has decreased by 17% , and homes have more than doubled in size.

Explanation;

Economic data shows that Americans make on average, about 4 times what they were making in real income in 1960 due to exponential economic growth.

At the same time, Americans are also living a longer life by 12% on average than in 1960 when the life expectancy was around 70 years. Today it is around 78 years.

Americans are also working fewer hours than their 1960 counterparts because where in 1960 they worked for an average of 50 hours a week, recently that number hovers around 40 hours a week.

Houses built are also larger than they were in the '60s as income has increased and preferences have changed.

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4 years ago

A-2-Z Design Services engaged in the following significant activities during the year: The company issued common stock for $250,

Wittaler [7]

Answer:

The company issued common stock for $250,000. Management expects to use the proceeds to purchase land next year.

Cash flows from financing activities increased by $250,000. Cash flows from investing activities are not affected during this year (they should decrease next year).

A new office building was purchased by issuing a $700,000 long-term note payable to the seller.

Cash flows from financing activities increased by $700,000. Cash flows from investing activities decrease by $700,000.

A-2-Z acquired equipment from one of its suppliers. In exchange, A-2-Z offers to provide design services to its supplier over the next two years. The services are valued at $90,000.

Cash flows from financing and investing activities are not affected since this transaction is part of operating activities.

7 0

4 years ago

California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its insuran

Alekssandra [29.7K]

Answer:

The answer is: $395,000

Explanation:

To calculate the May 1 inventory we have to determine the cost of all goods available for sale:

goods available for sale = beginning inventory + net purchases

goods available for sale = $300,000 + $875,000 = $1,175,000

Then we must determine the cost of goods sold:

COGS = net sales - (net sales x gross profit margin)

COGS = $1,300,000 - ($1,300,000 x 40%) = $1,300,000 - $520,000 = $780,000

Finally to calculate the May 1 inventory:

May 1 inventory = goods available for sale - COGS = $1,175,000 - $780,000 = $395,000

6 0

4 years ago