All categories

3 years ago

Give me a 5th grade sentence that has the words prosper and profit

Business

2 answers:

Elza [17]3 years ago

7 0

When an company makes much profit the business will florish and prosper.

Alik [6]3 years ago

3 0

Answer:

The company is prosper, therefore it will get a lot of profits.

Explanation:

When we have a company and sell a product or service, if the money that comes from those sales is greater than what we have spent on that product, then we will make a profit.

The profit will be completely for the owner of the company, and he can decide whether to invest it again or save it for personal use.

Once you count everything a company has spent and subtract it from all the money it has entered, there you will know if you made a profit or a loss.

You might be interested in

the United States, a three-pound can of coffee costs about $5. If the exchange rate is 0.8 euros per dollar and a three-pound ca

Luda [366]

Answer:

=4/7 cans of Belgium coffee for one can of US coffee

Explanation:

Cost of 1 can of coffee in US = $5

Cost of similar can of coffee in Belgium = EURO 7

Real Exchange Rate (Euro/$) =

Nominal Exchange rate × $\frac{Price\ in\ domestic\ market}{Price\ in\ foreign\ market}$

= 0.8 × 5/7

=4/7 cans of Belgium coffee per can of US coffee

Nominal exchange rate refers to the exchange rate between two countries which is not adjusted for inflation.

Nominal exchange rate when adjusted for inflation is known as real exchange rate.

Real rate = Nominal rate - Inflation rate

3 0

3 years ago

Cotrone Beverages makes energy drinks in three flavors: Original, Strawberry, and Orange. Company is currently operating at 75 p

irina [24]

Relevant Information:

The relevant information is as under:

Segmented income statements appear as follows:

Product Original Strawberry Orange

Sales 65,200 85,600 102,400

Variable costs (44,000) (77,200) (80,200)

Contribution margin 21,200 8,400 22,200

Fixed costs allocated (9,400) (12,000) (14,200)

Operating profit (loss) 11,800 (3,600) 8,000

Answer:

The product not be closed because it is generating net cash flows of ($3,060), which will generate loss for the organization. The better option would be to not abandoning the manufacturing of Strawberry.

Explanation:

Relevant costing says that any savings or losses are relevant if it satisfy following three conditions:

Is a cash flow.
Future related (Not arising due to Past bindings).
Differential or Incremental in nature.

Its crystal clear that any inflows and outflows that are considered would be cash in nature, not related to past events it must be arising as a consequence of taking the decision whose consequences are we considering now, I mean it must arise in future due to the decision made which are considering. The last condition is the concept of differential that lies in the heart of relevant costing and is easily understood by following the following steps:

Step 1: What are the losses or savings if we don't make decision?

Step 2: What are the losses or savings if we make the decision?

Step 3: The difference between step one and two is differential or incremental cost.

Here we learned that relevant cost arises if we take the decision (closing manufacturing of Strawberry), and it doesn't arises if we don't take the decision (not abandoning manufacturing of Strawberry).

Relevant costs associated with the decision are as under:

Step 1 Step 2 Step 3

Make Decision If we Don't Differential

Revenue loss (85,600) - (85,600)

Variable Costs Savings 77,200 - 77,200

Fixed costs Savings (W1) 5340 - 5340

Operating Profit (3,060)

Working1: Fixed costs Savings

Total Fixed costs =21400+12000+14200 = $35,600

The saving is 15% of the total fixed cost and is as under:

Fixed costs Savings = $35,600 * 15% = $5340

Note:

Kindly also practice the following question:

brainly.com/question/14423321

8 0

3 years ago

Machinery purchased for $64,200 by Sheridan Co. in 2016 was originally estimated to have a life of 8 years with a salvage value

ArbitrLikvidat [17]

Answer:

Sheridan Co.

a. It is not necessary to correct the prior year's depreciation. Depreciation is an accounting estimate and does not require the adjustment of prior year's accounts when there is a correction in its estimates.

b. Entry to record depreciation for 2021:

Debit Depreciation Expense $4,387

Credit Accumulated Depreciation $4,387

To record the depreciation expense for the year.

Explanation:

a) Data and Calculations:

Purchase of machinery in 2016 = $64,200

Original estimated useful life = 8 years

Salvage value = $4,280

Depreciation amount = $59,920 ($64,200 - $4,280)

Depreciation expense per year = $7,490 ($59,920/8)

Accumulated depreciation for 5 years = $37,450

Net book value = $26,750 ($64,200 - $37,450)

Remaining estimated useful life = 5 years

Salvage value = $4,815

New depreciable amount = $21,935 ($26,750 - $4,815)

Depreciation expense per year = $4,387 ($21,935/5)

4 0

3 years ago

identify and discuss three or four of the major elements required in the statement on standards for valuation services (SSVS). B

vichka [17]

Explanation:

Statement on standards for valuation services:

AICPA members are required to follow the statement of standards for valuation services , Valuation of business , Business ownership interest , Security or Intangible asset when they perform engagements to estimate value that culminates in the expression of a conclusion of value or a calculated value.

Major Elements:

i) Sufficient evidence

Sufficient evidence must be gathered by such means as inspection, inquiry computation, and analysis to ensure that the business valuation conclusion and report are properly supported.

ii) Documentation

The valuation analyse must document matters , which are important in providing evidence to ;

a) Support the business valuation conclusion;

b) Justify decision made in the contact of engagements and;

c) Demonstrate that the engagement was carried out in accordance with the standards for valuation services of the AICPA.

iii) Minority , Majority and common issues

The valuation analyst should consider anything that may affect minority majority or control issues , including but not limited to:

- Laws

- Agreements and contracts

- Possible strategic or synergistic value

- Veto power

- Other relevant factors

iv) Scope of work

Scope should be supportable and consistent with expectation of participants and peers in the market for similar services and in compliance with these valuation standards.

7 0

3 years ago

Joanie recognizes that the board and CEO are particularly worried that individuals will post negative information about the comp

Vilka [71]

Answer:

Should create a non disclosure agreement policy

Explanation:

This is a legally binding agreement that mandates parties to a contract in this case between an employer with an employee, in which the employee agrees not to disclose publicly or to any one negative information about the company that is deemed confidential (secret or private), and that may affect the company negatively.

Thus, to reduce the worries of the board and CEO, Joanie should create a non disclosure agreement signed by employees.

8 0

3 years ago