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3 years ago

Difference between information desired and information provided is:_______.

Business

1 answer:

mylen [45]3 years ago

3 0

Answer:

b. measurement error.

Explanation:

Measurement error is defined as the difference in the provided information and the desired information. It is also known as observational error. The value that is measured and the real value that brings out the differences. These errors can emerge and grow rapidly. Random error and systematic error are the two distinct parts of measurement errors.

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Today, almost every sales rep can immediately check the company's inventory andproduction schedule electronically. This allows s

7nadin3 [17]

Answer:

E) Savings customers time

Explanation:

The fact that sales representatives can verify if the product they want to sale is available before closing the deal is of great benefit to the customers. Customers will not have to go through the bad experience of being promised a product, and having it delivered because of lack of availability.

This will help increase customer loyalty and the firm's reputation in the market.

5 0

3 years ago

A real estate agent earned $4800commission on a property sale of $240 comma 000.What is her rate of commission?

dsp73

Answer:

Her rate of commission is 2 percent

Explanation:

Commission= $4800

Sale of property = $240,000

Rate of commission = (Commission/ Sale Of Property )* 100

Rate of commission= $ 4800/ $ 240,000 * 100

Rate of commission= 0.02 * 100

Rate of commission= 2%

The above solution can be checked by putting in the values of percent and commission

(Check)

2% of $ 240,000

= (2/100) * $ 240,000

= 2* $2400

= $ 4800

Thus 2 percent of $ 240,00 is equal to $ 4800

3 0

4 years ago

According to Census Bureau and Federal Reserve surveys, about 50 percent of all new businesses begin with less than ____ in tota

vodka [1.7K]

Answer:

$30,000

Explanation:

According to Census Bureau and Federal Reserve surveys, about 50% of all new businesses begin with less than $30,000 in total capital to start small businesses though the average capital to start small businesses is $80,000. The reason is not far fetched and one of it is that small businesses have limited opportunities to get capital to start a business. Small business capital is usually from the owner's personal savings or from family members or friends as little help is rendered by the lending institutions. Small businesses majorly need financing to expand their businesses. The inability of small businesses to get good capital for their businesses causing difficulties in growing small businesses.

7 0

3 years ago

A company has the following accounts receivable and estimates of uncollectible accounts: Accounts not yet due = $61,000; estimat

Firdavs [7]

Answer:

The correct answer is $71,290.

Explanation:

According to the scenario, the computation for the given data are as follows:

Accounts not yet due = $61,000

Estimated uncollectible = 4%

So, Total uncollectible for Account not yet due = $61,000 × 4% = $2,440

Now, Accounts 1-30 days past due = $27,000

Estimated uncollectible = 15%

So, Total uncollectible for Account 1-30 days past due = $27,000 × 15% = $4,050

Similarly, Accounts more than 30 days past due = $162,000

Estimated uncollectible = 40%

So, Total uncollectible for Account more than 30 days past due = $162,000 × 40% = $64,800

Hence, the total estimated uncollectible accounts = Total uncollectible for Account not yet due + Total uncollectible for Account 1-30 days past due + Total uncollectible for Account more than 30 days past due

By putting the value we get,

= $2,440 + $4,050 + $64,800

= $71,290

8 0

4 years ago

Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service

zepelin [54]

Answer:

In the following situation:

Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.

The Jacob's contribution per unit is:

e) 80

Explanation:

To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.

Total revenue is: 100 USD per night

Total variable costs are: 20 USD per night

Total units are only one.

Therefore 80 USD is our contribution per unit.

6 0

3 years ago

Read 2 more answers