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
fenix001 [56]
3 years ago
11

A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. What term describes this extra $20?

Business
1 answer:
koban [17]3 years ago
7 0
This is basically known as net profit. because he purcahes it of 100 $ and sale it of 120 and earn a complete 20$ profit. mostly that happens in retailer cases . best example is shop keeper because they are not manufacturing it <span />
You might be interested in
6 reasons why SWOT analysis is important to a new medical office?
Andrej [43]
<span>It helps the business identify strengths and weaknesses. It helps to capitalize on the weaknesses and turn them into strengths. It also allows for the business to do the same with its strengths. It helps the business address and focus on goals for the future. It helps the business identify and stop threats. Finally, it allows the business identify and capitalize on the opportunities available to them.</span>
5 0
2 years ago
Rodriguez and Ying start a partnership on July​ 1, 2019. Rodriguez contributes​ $4,100 cash, furniture with a current market val
guapka [62]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr                    $4,100

Equipment A/c Dr           $23,000

Furniture A/c Dr              $47,000

          To Account payable                $16,000      

          To Rodriguez's Capital            $58,100

(Being all adjustments are recorded and the remaining balance is credited to Rodriguez's Capital.

Remaining balance is calculated by

= Cash A/c + Equipment A/c + Furniture A/c - Accounts payable

= $4,100 + $23,000 + $47,000 - $16,000

= $74,100 - $16,000

= $58,100

6 0
3 years ago
If a producer expected the price of a product to go up ,why would they withhold some of the supply ?Plz Help Me l need ?
olganol [36]

Answer:

my days goin bad

Explanation:

wrong question

5 0
3 years ago
According to the long-run Phillips Curve:
Oxana [17]

Answer:

c. fiscal and monetary policies that impact aggregate demand do not impact the natural rate of unemployment.

Explanation:

Short run Philips Curve is downward sloping, due to inverse relationship between unemployment rate & inflation rate. High economic activity implies more inflation rate, less unemployment. Low economic activity implies less inflation rate, more unemployment.

However, the inverse relationship between inflation & unemployment is only in short run & not in long run. In long run, this inflation - unemployment trade off doesn't exist. So, any fiscal or monetary policy affecting aggregate demand & consecutively inflation rate, do not affect the natural rate of unemployment (combination of frictional & structural unemployment rate) in long run.

7 0
3 years ago
Under the temporal method, income statement items that relate to newly recognized assets and liabilities generally are remeasure
ad-work [718]

Answer: historical exchange rate

Explanation:

The temporal method is also referred to as the historical method. Under this method, the currency of a foreign subsidiary is being converted into the currency of the parent company.

It should be noted that under the temporal method, the income statement items which relate to newly recognized assets and liabilities generally are remeasured using the historical exchange rate.

6 0
2 years ago
Other questions:
  • Marquette purchased 7% of RST stock for $50,000 on 1/1/21. Data regarding these securities follow: Year-end Date Market Value De
    6·1 answer
  • ________ stocks represent investments in emerging fields that have the potential to realize better than average increases in the
    12·1 answer
  • ​michelle's business produces ceramic cups using​ labor, clay, and a kiln. she produces cups using a fixed proportion of labor a
    9·1 answer
  • The country of Norway has offers free college to students and even some universities offer free tuition to international student
    9·1 answer
  • A systematic process of assessing opportunities and resources, determining marketing objectives, and developing a marketing stra
    6·1 answer
  • A nation has a population of 300 million people. Of these, 80 million are retired, in the military, in institutions, or under si
    8·1 answer
  • At 4 percent inflation, how much time will it take for prices to double?
    13·2 answers
  • A stock just paid an annual dividend of $1.8. The dividend is expected to grow by 8% per year for the next 3 years. The growth r
    7·1 answer
  • The following account balances come from the records of Ourso Company: Beginning Balance Ending Balance Accounts receivable $ 2,
    13·1 answer
  • Data analytics, llc, is a limited liability company. unless the articles of organization specify otherwise, it will most likely
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!