1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
just olya [345]
3 years ago
6

Karen has been a buyer for Ocean Mist, a large cranberry processor, for several years. Believing that she knows a great deal abo

ut cranberries, their growers, and processors, she decides to go into business for herself. Karen wants to assume no risks of spoilage or price fluctuations. She sees herself as simply bringing the growers and processors together. Her new company would be a:______
A) Sales agent.
B) Commission merchant.
C) Broker.
D) Sales branch.
E) Sales office.
Business
1 answer:
Ganezh [65]3 years ago
6 0

Answer:

The answer is letter C, Broker.

Explanation:

In order to know whether Karen's company is a broker. It would be best to define what "Broker" is.

In business, <em>"broker" is defined as a person or a company who acts as a mediator between a buyer and a seller. As an agent, the broker gets commission in every business transaction. He can also represents himself as the buyer or the seller. At this point, he also gets a certain commission. </em>In the situation above, Karen arranges the transaction between the growers and processors of cranberries. At this point, she is acting as a seller and a buyer. She does this on behalf of the other firms. Thus, the answer is letter C, Broker.

<u>Additional Information</u>

Sales Agent- a self-employed salesperson who usually works alone. He obtains orders for companies and receives commission on those orders.

Commission Merchant- a person who buys and sells products. He receives commission for the sales price.

Sales Branch- an independent business which purchases merchandise in bulk from manufacturers. He then processes it and redistributes it to retailers.

Sales Office- this is a location that is used for the purpose of selling. It is often leased.

You might be interested in
You just won the lottery and have two choices for how you will collect your money. You can collect $100,000 today or receive $20
patriot [66]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0
3 years ago
A customer has requested that Byrd Corporation fill a special order for 9,000 units of product S51 for $20.50 a unit. Product S5
e-lub [12.9K]

Answer:

Effect on income= $4,500 increase

Explanation:

Giving the following information:

Special offer: 9,000 units of product S51 for $20.50 a unit.

Direct materials $ 3.10

Direct labor 1.50

Variable overhead 6.40

The customer would like modifications made to product S51 that would increase the variable costs by $5.00 per unit and that would require an investment of $36,000 in special molds that would have no salvage value.

<u>Because it is a special offer, we will not have into account the fixed costs.</u>

Unitary variable cost= 3.1 + 1.5 + 6.4 + 5= $16

Investment= 36,000

Effect on income= 9,000* (20.5 - 16) - 36,000

Effect on income= 40,500 - 36,000

Effect on income= $4,500 increase

8 0
3 years ago
Help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the n
Inessa05 [86]
I think the answer is gonna be A
7 0
3 years ago
Read 2 more answers
Last year Aft charged $2,946,667 Depreciation on the Income Statement of Andrews. If early this year Aft purchased a new depreci
Kisachek [45]

Answer:

Decrease in Bank balance and increase in fixed assets

Explanation:

When a new depreciable asset is purchased, the money leaves the bank account hence reducing the bank balance in the statement of financial position, and on the other hand the 'Fixed asset' balance will rise by the same amount; recognizing the addition to the assets of the company. In this scenario the balance sheet totals remain unchanged as the same amount has been subtracted from 'bank' and added to 'fixed assets' all within the asset side.

However, if the asset is debt financed, it will increase the long term liability figure because 'bank loan' will be recognized. Hence the totals of the balance sheet will rise by the amount of the loan on the 'Capital and liabilities' side and the amount of the asset on the 'Asset' side.

Another impact is that the amount of depreciation charged to the Income Statement will be higher than $2,946,667 which was charged in the previous year because the new asset's depreciation will have to be added.

3 0
3 years ago
The selection of the factory overhead allocation method is important because the method selected determines the accuracy of the
rusak2 [61]
If this is a true or false question, then yes, it is <u>true</u> that the selection of the factory overhead allocation method is important because the method selected determines the accuracy of the product cost.It is important to determine the appropriate method to allocate overhead in a certain factory so as to ensure that the cost of a product is suitable and accurate.
6 0
3 years ago
Other questions:
  • Hideki owns land with a huge number of trees on it. In order to protect the land, Hideki would like to remove some of the trees,
    12·1 answer
  • Cold company makes large containers of ice cream at a variable cost of $10 per container. it usually sells the container for $15
    9·1 answer
  • Western Company allocates $10.00 overhead to each unit produced. The company uses a plantwide overhead rate with machine hours a
    14·1 answer
  • JumpIn Products is a market leader in playground equipment, which is typically large, bulky, and very heavy. In order to compete
    15·1 answer
  • Bankruptcy is a process when a lender tries to obtain money from an individual's employer to pay an unpaid debt.
    9·2 answers
  • A commercial bank has excess reserves of $5000 and a required reserve ratio of 20 percent. it makes a loan of $6000 to a borrowe
    15·2 answers
  • The tone a writer takes is referred to as the writing _____.
    9·1 answer
  • Hane Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activit
    8·1 answer
  • Which quote best represents a person performing a cost-benefit analysis​
    15·1 answer
  • If stock prices go up and people feel richer, aggregate demand will: stay the same because there have been no changes to the und
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!