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Setler [38]
3 years ago
5

COMMON MEASURE OF WHAT SOMETHING IS WORTH OR WHAT SOMETHING COSTS

Business
1 answer:
Anton [14]3 years ago
8 0

Answer:

price. is the answere I am almost certain

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What would sell more (both stores are just now opening.): a "in-trend" jewelry store or a Simplistic lip gloss shop?
Gnoma [55]

Answer:

The lip gloss shop

Explanation:

Because a trend last for a short amount of time meaning you have to restock on so many new products all the time wasting more and more money, as to the lip glosses all colors can be sold or always be in style.

5 0
3 years ago
Using the following information, what is the amount of net income? Purchases $ 33,114 Selling expenses $ 677 Merchandise invento
NeX [460]

The net income is $32,961

<u>Explanation</u>:

To calculate the net income, we will classify the transaction into income and expenses, and compute the difference between their totals;

Income;

Merchandise inventory Sept. 1     =  $  7,740

Merchandise inventory Sept. 30  = $ 11,372

                                         Sales     =  $ 50,575

                                        Total      =  $ 69,687

Expenses;

Purchases                             = $ 33,114

Selling expenses                  = $     677

Administrative expense       = $     665

Rent Revenue                       = $    1,118

Interest expense                  = $     1,152

Total                                      = $  36,726

Net income = Total income - Total expenses

                    = 69,687 - 36,716

                    = $ 32,961

     

4 0
3 years ago
Use the following information to prepare a multistep income statement and a balance sheet for Sherman Equipment Co. for 2016. (H
Allisa [31]

Answer:

Sherman Equipment Co.

a) Sherman Equipment Co.

Multistep Income Statement

For the year ended December 31, 2016

Sales Revenue                          $320,000

Cost of Goods Sold                     148,000

Gross profit                               $172,000

Operating expenses:

Salaries Expense                     $ 69,000

Operating Expenses                  62,000

Uncollectible Accounts Expense 8,100

Total operating expenses      $139,100

Operating income                   $32,900

Interest Revenue                        5,400

Net income                             $38,300

Balance Sheet

As of December 31, 2016

Assets

Current Assets:

Cash                                                             $48,100

Interest Receivable (short term)                     1,500

Accounts Receivable                    56,000

Allowance for Doubtful Accounts (7,800)  48,200

Notes Receivable (short term)                    24,000

Supplies                                                          1,200

Inventory                                                     98,300

Prepaid Rent                                               12,500

Total current assets                              $233,800

Long-term assets:

Land                                                           40,000

Total assets                                          $273,800

Liabilities and Equity:

Current liabilities:

Accounts Payable                                 $46,000

Salaries Payable                                      12,000

Total current liabilities                         $58,000

Equity:

Common Stock                                 $100,000

Ending Retained Earnings                   115,800

Total equity                                       $215,800

Total liabilities and equity               $273,800

Explanation:

a) Data and Calculations:

Cash 48,100

Interest Receivable (short term) 1,500

Accounts Receivable 56,000

Notes Receivable (short term) 24,000

Supplies 1,200

Inventory 98,300

Prepaid Rent 12,500

Land 40,000

Allowance for Doubtful Accounts 7,800

Accounts Payable 46,000

Salaries Payable 12,000

Common Stock 100,000

Beginning Retained Earnings 81,000

Dividends 3,500

Interest Revenue 5,400

Sales Revenue 320,000

Cost of Goods Sold 148,000

Salaries Expense $ 69,000

Operating Expenses $ 62,000

Uncollectible Accounts Expense 8,100

Cash Flow from Investing Activities 78,400

Beginning Retained Earnings 81,000

Net income                              38,300

Dividends                                 (3,500)

Ending Retained Earnings    115,800

7 0
2 years ago
The new team leader is a seasoned executive recognized for her strengths in leadership and team structuring. She also has the po
horrorfan [7]

Answer:

Explanation:

There is not enough data to answer that, imo, is there a group to choose from?

She might want to choose similarly minded people who will support her fight. Yet, a team should be balanced to fill all roles. Can you give more context to this question?

7 0
3 years ago
What will be its effect on trade if business gets expands​
MatroZZZ [7]

Answer:

Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people.

Explanation:

Trade is central to ending global poverty.  Open trade also benefits lower-income households by offering consumers more affordable goods and services.

Hope this helped!!!

5 0
3 years ago
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