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3 years ago

What was the first chess champion

Business

2 answers:

Elina [12.6K]3 years ago

8 0

Answer:

Wilhelm Steinitz

Explanation:

Rom4ik [11]3 years ago

4 0

Answer:

Wilhelm Steinitz

Explanation:

in 1886 he took place the first officially recognized World Chess Championship. So in the year of 1886 he was proclaimed as the first World Chess Champion. The final result was 10 victories for Steinitz, 5 for Zukertort and 5 draws

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The advantage of having many potential suppliers is their willingness to A. provide technical expertise. B. participate in JIT.

Stolb23 [73]

Answer:

Explanation:

the more the suppliers the more the competition would be among suppliers to gain customers. As a result, they would offer lower prices in the short run to customers to gain them.

In the long run, suppliers would leave the oversaturated industry and equilibrium would be restored.

6 0

3 years ago

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be _____

Lelechka [254]

Answer:

Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be <u>40%</u>, and the gross profit must be <u>$17,250</u>.

Explanation:

The income statement is missing, so I looked it up and the information given was:

Revenue 100,000
COGS 40,000
Gross Profit 60,000
Salaries
Marketing
Rent
Earnings Before Tax 23,000
Income Tax 25%
Net Income ?

Since COGS are$40,000 and total sales are $100,000, the COGS margin percentage = 40,000 / 100,000 = 40%

Since earnings before taxes are $23,000 and taxes are 25%, then net income = $23,000 x (1 - 25%) = $23,000 x 75% = $17,250

4 0

3 years ago

The United States currently imports all of its coffee. Suppose the annual demand for coffee by U.S. consumers is given by the de

Vlada [557]

Answer:

(a) $7; $205 million

(b) $9; $195 million

(d) $390 million

(e) Loss = $10 million

Explanation:

(a) Price paid by consumers when no tariff imposed:

= Marginal cost + Distribution cost

= $6 + $1

= $7

Quantity demanded:

Q = 240 - 5P

= 240 - 5 × $7

= 240 - $35

= $205 million pounds

(b) At imposed tariff of $2 per pound, then the new price paid by consumers:

= Marginal cost + Distribution cost + Tariff

= $6 + $1 + $2

= $9

New quantity demanded:

Q = 240 - 5P

= 240 - 5 × $9

= 240 - $45

= $195 million pounds

= ($9 - $7)($195) + (0.5)($9 - $7)($205 - $195)

= ($2 × $195) + (0.5 × $2 × $10)

= $390 + $10

= $400 million

(d) Tax revenue collected by government:

= Quantity demanded under tariff × tariff

= $195 × $2

= $390 million

(e) Tax revenue of $390 million received is less than the value of coffee sold under tariff $400 million.

Loss = $400 million - $390 million

= $10 million

4 0

3 years ago

Consumers and businesses are able to purchase from governments and private companies, which are debt certificates. Investors can

Assoli18 [71]

Answer:

True

Explanation:

Debt certificate is a written agreement of purchasing a bond from a private company or government, it gives information regarding the maturity date, face value and principal amount. They are normally issued to consumers and business, but investors can also buy bonds or debt certificate by buying the right to loans and mortgages, it allows them to buy debt certificates.

5 0

3 years ago

On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments

puteri [66]

Answer:

Explanation:

A capital lease is a lease arrangement in which the lessor agrees to transfer the ownership of an asset to the lessee at the completion of the lease period. During the leasing contract , the lease is treated like an asset in the company's balance sheet

Lease liability at inception = 676,000

Annual payment made on December 2017 =(100,000)

Balance lease liability on 2017 = 576,000

Lease liability on December 2018

Balance on 2017 =576,000

Factor in 10% discount on lease payment

100,000 - (576,000*10%)= 100,000-57,600 = (42,400)

Balance on lease liability = 533,600

The current liability portion =

Factoring in the 10% discount =

100,000 - (533,600*10%) = 100,000 - 53,360 = 46,640

7 0

3 years ago