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2 years ago

Which of the following is a correct statement?

Business

1 answer:

Nastasia [14]2 years ago

8 0

Answer:

The answer is B.

Explanation:

In purely competitive firms, there are many buyers and sellers that no single buyer or seller can influence the price of goods. They accept the price set by the market conditions which depend on the market supply and demand. Firms in this market are price-takers.

In monopolistic firm, no one is competing against him. He is the only one in the industry. He is the only seller while buyers are many. In most cases, buyers do not have alternative than to buy the product. Because of this, the firm in monopoly sets its price. He is a price-maker.

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Selling, general, and administrative expenses were $59,000; net sales were $268,100; interest expense was $6,300; research and d

ozzi

Answer:

$35,800

Explanation:

Gross Profit = Net sales - Cost of goods sold

= $268,100 - $145,500

= $122,600

Total Operating Expense:

= S, G & A Expenses + R&D expense

= $59,000 + $27,800

= $86,800

Operating Income = Gross Profit - Total Operating Expense

= $122,600 - $86,800

= $35,800

7 0

3 years ago

Real estate brokers and their salespersons facilitate __________ by promoting the sale/lease of property, providing information

Alex73 [517]

Answer:

The correct answer is Transferability.

Explanation:

The term of transferability indicates the speed with which competitors can mimic the processes on which a company's competitive advantage is based. It also refers to the ease of certain raw materials to be taken from one place to another.

3 0

3 years ago

The selling price per unit less the variable cost per unit is the ________.

OlgaM077 [116]

The selling price per unit less the variable cost per unit is the contribution margin per unit.

<h3>What is the contribution margin per unit.?</h3>

This is the term that is used to refer to the selling price that was used for the sale of a particular good minus the variable cost that was employed in the production of that particular good. It is the contribution that is made towards the payment of the fixed costs.

Hence we can say that The selling price per unit less the variable cost per unit is the contribution margin per unit.

Read more on contribution margin per unit here: brainly.com/question/13528647

#SPJ1

6 0

1 year ago

For each item listed below, indicate in the space to the right whether the item would be considered a product cost or a period c

Katena32 [7]

Answer:

1. Factory supervisory salaries Production Cost Factory Overhead

2. Sales commissions Period Cost Selling expense

3. Income tax expense Period Cost tax expense

4. Indirect materials used Production Cost Factory Overhead

5. Indirect labor Production Cost Factory Overhead

6. Office salaries expense Period Cost Administrative expense

7. Property taxes on factory building Production Cost Factory Overhead

8. Sales manager's salary Period Cost Selling expense

9. Factory wages expense Production Cost Direct Labor

10. Direct materials used Production Cost Direct Materials

Explanation:

A period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets

Period cost goes straight to expense account

While

Production Cost do capitalizes through Inventory and later recognize as cost of goods sold.

3 0

3 years ago

During Year 6, Kincaid, Inc. earned $85,000 of cash revenue. The company incurs all operating expenses on account. The Year 6 be

igomit [66]

Answer:

a. Amount of operating expenses recognized during the accounting period = Account payable closing balance + Cash payment - Opening balance

= $25,000 + $40,000 - $2,000

= $63,000

b. Net income earned during the accounting period = Cash revenue - Amount of operating expenses recognized

= $85,000 - $63,000

= $22,000

C. Amount of cash flow from operating activities = Net income + Increase in current liability

= $22,000 + ($25,000 - $2,000)

= $45,000

6 0

3 years ago