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3 years ago

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

1 answer:

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 />

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A regional trucking company landed a contract to supply products for a major retailer. To do this, it needs to hire an IT profes

Zigmanuir [339]

Answer: • set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

• protect the confidentiality of the database

Explanation:

The options include:

a. Set up the computer hardware for the database

b. Set up the computer software for the database

c. train designated employees to use the database

d. Design a help page to show people how to use the database

e. protect the confidentiality of the database

Since the new hire is an IT professional who is employed to create a shipment database, the individual should be able to:

• set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

• protect the confidentiality of the database

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3 years ago

Which company is a major national credit bureau in the united states

tensa zangetsu [6.8K]

There are three main credit bureaus (also known as credit reporting agencies) servicing the United States: Trans Union, Equifax and Experian. Each bureau is independent and a competitor of each other. Because of this there could be differences between the reports of the three credit bureaus.

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4 years ago

Read 2 more answers

Decentralization is usually desirable in a company when:

Leokris [45]

Answer:

The answer is a. The company is operating in a pure competition.

Explanation:

The other options are incorrect. Decentralisation of power has only a little to do with the geographical location and with the number of employees.

Besides, the employees must be accountable for the responsibilities they take.

However, when the competition is severe, decentralisation is useful as it motivates people and increase the creativity and the decision making capacity of the individuals.

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3 years ago

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units U

HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period.

Units= 100

Unitary Cost Beginning Inventory $ 46

Purchases:

#1= 650units at $42

#2= 550units at $38

#3= 200units at $36

The ending inventory is 350 units.

A) First in, first out

First, we need to calculate the number of units sold:

Units sold= beginning inventory + purchases - ending inventory

Units sold= 100 + 1400 - 350= 1150

Ending inventory= 200 units at 36 + 150 at 38= 200*36+150*38=$12900

Cost of goods sold= 100*46 + 650* 42 + 400* 38=$47100

B) Average cost= total cost of units available for sale/ number of unit

Average cost= (100*46+650*42+550*38+200*36)/1500

Average cost= $40 unit

Ending inventory= 350*40= $14,000

COGS= 1150*40= $46,000

C) Last in, first out

Ending inventory= 100 units* 46 + 250 units*42= $15,100

COGS= 200* 36 + 550*38+ 400*42= $44,900

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3 years ago

On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's investment is $10,000 c

aleksley [76]

Answer:

See explanation section

Explanation:

Journal entry to record R. Selleck's Investment is as follows:

Debit Cash $10,000

Debit Office Equipment $5,000

Credit Capital, R. Selleck $15,000

Since he provides cash and office equipment, both the investment will be considered as capital of R. Selleck. Since he does not take any loan to provide money to the partnership business, no entry is made for loan.

7 0

3 years ago