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3 years ago

What is one of the effects that the internet has had on bussiness?

1 answer:

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The advent of the Internet has made the presence of businesses global. ... The communication between customers and businesses increases customer satisfaction and enables businesses to get connected to the customers. The accessibility enables businesses to further expand their service or product, which increases profit.

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On January 1, 2017, the merchandise inventory of Glaus, Inc. was $1,600,000. During 2017 Glaus purchased $3,200,000 of merchandi

valentinak56 [21]

Answer: $1,800,000

Explanation:

The merchandise inventory of Glaus at December 31, 2017 will be:

Begining Inventory = $1,600,000

Add: Purchases = $3,200,000

Less: Cost of goods sold = $4,000,000

Add: Gross profit = 25% × $4,000,000 = $1,000,000

Ending Inventory = $1,800,000

The answer is $1,800,000.

8 0

2 years ago

There can be many departments or just a few when _____ a business.

Cerrena [4.2K]

Answer:

it depends on the business

Explanation:

when the business is small there will be less department but if the business is big then there will be more department

4 0

2 years ago

Read 2 more answers

Esquire Comic Book Company had income before tax of $1,000,000 in 2016 before considering the following material items:

Ganezh [65]

Answer:

Esquire Comic Book Company

Income Statement

For the Year Ended December 31, 2016

Operating income $1,000,000

Restructuring costs ($80,000)

Income from continuing operations b/ Taxes $920,000

Income tax expense ($368,000)

Income from continuing operations $552,000

Discontinued operations:

Operating income $500,000
Loss on disposal ($350,000)
Income tax on discontinued operations ($60,000)

Income from discontinued operations $90,000

Net income $642,000

Explanation:

Income from discontinued operations must be reported separately, but any restructuring costs must be included as operational expenses.

8 0

2 years ago

Company A uses an accelerated depreciation method while Company B uses the straight-line method. All other things being equal, d

babymother [125]

Answer:

d. A larger fixed assets turnover ratio and a larger gain on asset disposal

Explanation:

Accelerated depreciation is a method of depreciation whereby the book value of an asset is rapidly depreciated or reduced i.e at an accelerated rate.

This method usually minimizes taxable income in the initial years as a higher amount of depreciation is claimed.

Fixed assets turnover ratio refers to what percentage of net sales is attributable to an entity's fixed assets. It is expressed as:

$\frac{Net\ Sales}{Average\ Fixed\ Assets}$

Gain on sale of asset disposal = Sale value - Book Value

Book Value = Cost less accumulated depreciation till date

As can be seen, Average fixed assets balance would reduce thereby increasing fixed assets turnover ratio.

Similarly, due to higher depreciation charged, Book Value would be comparatively less, which would lead to larger gain on assets disposal in the initial years.

5 0

3 years ago

The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________. compete again

koban [17]

Answer:

The correct answer is the second option: respond to prices; determines the price.

So the final statement will be:

The demand and supply curves show how buyers and sellers respond to prices; the interaction of buyers and sellers determines the price.

Explanation:

To begin with, in the microeconomics theory both the demand and supply curves are economic functions that are represented in the graphic in order to give a better understanding of what is going on in the reality of the economy out there. So that means that they are both determine by the quantity demanded or supplied and the price, the relation between those two components. And regarding that, they both will show how the buyers and sellers respond to prices. Moreover, their interaction will determine the price as explained before.

5 0

2 years ago