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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 />
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Answer:

The cost of goods sold using the LIFO menthod is;

d. $3,580

Explanation:

Last in First Out (LIFO) method is an inventory method where the recently purchased good is sold first. This means that when accounting for the cost of goods sold, we use the unit cost of the goods that were purchased recently. In our case;

1 Beginning Inventory 150 units @ $10.00

5 Purchase 220 units @ $12.00

10 Sales 140 units @ $20.00

15 Purchase 100 units @ $13.00

24 Sales 150 units @ $21.00

<em>Step 1: Determine total number of units sold;</em>

Total number of units sold=number of sales on May 24+number of sales on May 10

where;

number of sales on May 24=150 units

number of sales on May 10=140 units

replacing;

Total number of units sold=(150+140)=290 units

Total number of units sold=290 units

<em>Step 2: Determine total cost of goods sold</em>

The first 100 units sold were each sold at $13

The remaining 190 units were each sold at $12

Total cost of goods sold=(100×13)+(190×12)=(1,300+2,280)

Total cost of goods sold=$3,580

5 0
3 years ago
Francine moved out of the property she was renting, and she left it in pristine condition. How long after she moves out does the
inessss [21]

One month; property manager will have to return her security deposit in one month after she moves out of the property.

More about security deposit:

Source of funds to pay tenant obligations owed to the landlord in the event of a breach of the rental or lease agreement. When a tenant fails to uphold their financial obligations under the terms of a rental or lease agreement, the landlord may be able to recover some of their financial losses from the security deposit.

If a tenant's creditworthiness affects the security deposit, the landlord must set clear and specific criteria for the various creditworthiness levels they consider when choosing tenants (such as credit scoring).

Additionally, each potential tenant who falls within each level of creditworthiness must pay the security deposit amount that has been established for that level.

Know more about security deposit here: brainly.com/question/1752098

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4 0
2 years ago
As mentioned in the video, the US produces an annual "List of Goods Produced by Child Labor or Forced Labor." How effective do y
lina2011 [118]

Answer and Explanation:

By publishing the "List of Goods Produced by Child Labor or Forced Labor" the American government is able to raise awareness among the population that, although child labor is something inconceivable in American society, it still happens with great intensity in various places around the world. This allows the population to become aware of this situation and to stop buying products produced by companies that finance and allow child labor to happen. When they stop using these products, companies suffer a decrease in demand, which can cause significant changes in the production and in the lives of children who need to work.

While consumer pressure at companies that allow child labor is effective, pressure from political and commercial authorities is more effective in bringing about change and ensuring the protection of children, as these authorities can promote severe punishments for those who allow this to happen.

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3 years ago
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ludmilkaskok [199]

Answer:

independent, chain are the answer

Explanation:

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Transcultural global ethics always maintains the value of human rights. Have Google’s operations been consistent with the value
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Many activists and watchdogs argue that Google has not always done enough to promote or even protect human rights around the world. This is usually the result of efforts by Google to market its search engine in nations like China, where the state has an interest in maintaining censorship of search results. The project, known as Dragonfly, was recently abandoned by Google.

In recent years, Google was among the companies that faced criticism for marketing an app that allowed men in Saudi Arabia to track the locations of their wives by using their cell phones. This was seen as an affront to women's rights, and the company withdrew the product after criticism from the media and shareholders. Google's interest in artificial intelligence has also led to criticism about its commitment to ethical practices and to human rights.

At the same time, there is no doubt that Google has expanded people's access to information and to many other online services around the world. It has made several global public statements against censorship. Its most vocal critics, indeed, have pointed to its previous stands for free access to information in pointing out the hypocrisy of Dragonfly and other ventures.
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