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Ber [7]
3 years ago
8

E-commerce can be defined as: Question 48 options: A) the digital enablement of transactions and processes within an organizatio

n. B) any digitally enabled transactions among individuals and organizations. C) the use of the Internet, the Web, and mobile apps to transact business. D) the use of any Internet technologies in a firm's daily activities.
Business
1 answer:
Alisiya [41]3 years ago
3 0

Answer:

C) the use of the Internet, the Web, and mobile apps to transact business

Explanation:

E-commerce refers to the economic commerce in which the buying and selling of goods and services are involved over and above electronic networks that we called the internet. It could be done in the following ways

1. Business to customer =  B2C

2. Business to business = B2B

3. Customer to customer = C2C

And many more

By using mobile applications, the customer could easily order their products that are to be shown in different applications

Therefore the option C is correct

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Hammer Time Company sells hammers that it purchases at a cost of $5. Hammer Time sells the hammers for $15. Last year, it sold 1
emmainna [20.7K]

Answer:

The sales revenue would be 170,000 if Hammer Time implements the decrease in selling price.

This would generate a decrease of $10,000 in the sales revenue

Explanation:

Understanding the way sales revenue is generated:

Units Sold * Unit Price = $Sales Revenue

If the selling price drops to $10

and units sold increase by 5,000

(12,000 + 5,000) * ( 15 - 5 ) = 17,000 * 10 = 170,000

Comparing with the previous year:

12,000 * 15 = 180,000

This policy decrease the sales revenue which makes the business less profitable.

8 0
3 years ago
At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte
BartSMP [9]

Answer:

$9.7 million

Explanation:

The amount of warranty expense on Angel's 2021 income statement = Net sales x 5%

= $194 million x 5%

= $9.7 million

Thus, the amount of warranty expense on Angel's 2021 income statement will be $9.7 million

7 0
4 years ago
Which statement below best describes the accounting equation? Multiple Choice The change in retained earnings equals net income
8_murik_8 [283]

Answer:

The correct answer is Resources of the company equal creditors' and owners' claims to those resources.

Explanation:

It can be used to determine that the income or income of the consumer is exactly equal to the expense (purchase) of goods, for the determined period of consumption. In other words, by adding the value spent on the acquisition of goods "x" and goods "y". To have such values it is enough to multiply the number of possible units to acquire - in each of the points - by their respective price and then add them; This can be done at any point in the price line.

4 0
4 years ago
Schrute Farm Sales buys portable generators for $ 470 and sells them for $ 720 He pays a sales commission of​ 5% of sales revenu
tigry1 [53]

Answer:

The contribution margin statement is found below with a contribution margin of $149,800 and operating income of $145100

Explanation:

Contribution Margin Statement

Sales  revenue ($720*700)              $504000

Variable costs:

Cost of generators($470*700)         ($329000)

Commission(5%*$504000)              <u> ($25200)</u>

Contribution margin                           $149,800

Fixed costs

Rent                                                     ($3000)

Additional commission                      <u> ($1,700)</u>

Operating income                              $145100

Cost of rent is fixed as it is not depended on the quantity of generators sold.

Additional commission is fixed amount,so it is a fixed cost, while costs of buying generators  as well as the commission of 5% are both variable costs.

5 0
3 years ago
Jacques lives in Miami and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of thi
KatRina [158]

<u>Explanation</u>:

Remember, Implicit cost refers to cost that do not involve monetary transactions by Jacques, while his Explicit cost includes all forms of direct payments made by Jacques to others while selling his boat.

<u>Therefore, the cost are assigned below:</u>

  1. The $50,000 salary Jacques could earn if he worked as a financial advisor= Implicit Cost
  2. The $15,000 rental income per year Jacques would receive if he chose to rent out his showroom= Implicit
  3. The wholesale cost of $430,000 and utility bills totaling $301,000 cost for the boats that Jacques pays the manufacturer= Explicit Cost

4 0
4 years ago
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