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Gala2k [10]
3 years ago
13

The budgeted multi-step income statements of both manufacturing and merchandising companies include the calculation of gross pro

fit.
a) true
b) false
Business
1 answer:
k0ka [10]3 years ago
7 0

Answer:

TRUE

Explanation:

The gross profit is the difference betwenethe sales revenue and the cost of good sold/manufactured

for retail companys they determinate the cost using a given inventory method like FIFO LIFO or weighted average.

Manufacturing companies will subtract from the sales revenue the cost of good manufactured which can be determinated in various ways like process, order, absorption or ABC

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What do you mean by modern technology?
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Modern technology is simply an advancement of old technology, the impact of technology in modern life is unmeasurable, we use technology in different ways and sometimes the way we implement various technologies ends up harming our lives or the society we leave in.
3 0
4 years ago
Pat invested a total of $3,000. Part of the money was invested in a money market account that paid 10 percent simple annual inte
Nana76 [90]

Answer:

how much did Pat invest at 10 percent and how much at 8 percent?

2200 10%

 800  8%

Explanation:

I=C*%I*T

I=C1*0,08*1+C2*0,10*1

3000=C1+C2

C1=3000-C2

256=(3000-C2)*0,08+C2*0,10

256=240-0,08C2+O,10C2

16=0,02C2

C2=800

C1=2200

I=2200*0,1= 176

I=800*0,08=80

8 0
3 years ago
Can an isoquant ever slope​ upward? Explain. A. Yes. Where diminishing returns​ occur, the isoquant is upward sloping. B. Yes. I
alina1380 [7]

Answer:

B is the answer have a great day

Explanation:

6 0
3 years ago
The income statement of Sheridan Company for the month of July shows net income of $3,480 based on Service Revenue $7,890, Salar
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8 0
3 years ago
What is your assessment of the strength of competitive pressures stemming from the threat of entry of new competitors into the N
djyliett [7]

Incomplete question. Assumed you are referring to this article;

Six years after turning the leadership of Costco Wholesale over to the then- president, Craig Jelinek, Jim Sinegal, Costco’s co-founder and chief executive officer (CEO) from 1983 until year-end 2011, had ample reason to be pleased with the company’s ongoing revenue growth and competitive standing as one of the world’s biggest and best consumer goods merchandisers. Sinegal had been the driving force behind Costco’s 35-year evolution from a startup entrepreneurial venture into the largest retailer in the United States, the seventh-largest retailer in the world, and the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry. Since January 2012, when Craig Jelinek took reins as Costco Wholesale’s president and CEO, the company had prospered growing from annual revenue of $89 billion and 598 membership warehouse at year-end fiscal 2011 to annual revenues of $126.2 billion and 741 membership warehouse at year-end fiscal 2017. Costco’s growth continued in the first nine months of fiscal 2018. 9-month revenue was $95.0 billion, up 12.0 percent over 9 months of fiscal 2017, and the company had opened four additional warehouses. As of June 2018, Costco ranked as the second-largest retailer in both the United States and the world.

<u>Explanation:</u>

Note, the threat arising from new competitors into a particular market refers to the likelihood that this company or business would overtake existing ones in their market share.

However, <em>recall </em>that we are told that Costco has been in the business for up to 35 years, and has become "the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry," this fact alone makes us and the new competitors weary of how difficult to acquire part of the market. This thus puts Costco at a competitive advantage.

4 0
3 years ago
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