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lesya [120]
4 years ago
10

Monique Products, a web-based company, maintains no manufacturing facilities. As orders come in, the company contracts with othe

r firms to produce and ship its products. The company maintains a network of businesses, mostly through the Internet, and is an example of
Business
1 answer:
Sonbull [250]4 years ago
8 0

Answer:

The correct answer is: a virtual corporation.

Explanation:

Virtual corporations are becoming more common with the massification of the internet and communications. They are generally companies that are dedicated to the commercialization of products and generate a massive movement in the network that allows them to be in the "voice to voice" of people. They do not have physical facilities, which saves them expenses such as leasing and public services, and the contracted staff is minimal. These companies are based on the strategy of fast and massive shipments through transport companies in order to satisfy the needs of their clients.

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Amber is in charge of preparing an annual budget for her company. As part ofthe budgeting process, she must estimate cost of goo
galben [10]

Complete question:

amber is in charge of preparing an annual budget for her company. as part of the budgeting process, she must estimate COGS and ending inventory. which of the following statements is correct regarding the use of the gross profit method

amber must take a physical inventory to determine ending inventory and COGS

amber may utilize the gross profit method, but must also take a physical inventory

amber may utilize the gross profit method to estimate ending inventory and COGS

Answer:

Amber may utilize the gross profit method to estimate ending inventory and COGS

Explanation:

The gross profit method is a strategy used to measure the value at the end of the product. The method may be used with monthly accounting statements where a physical warehouse is not feasible.

(However, it is not a substitution for an actual physical inventory.) It is often used to measure the volume of lost products incurred by burglary, accident or other disasters.

For example, if a business buys products of $80 and sells them for $100, the gross profit is $20.

6 0
4 years ago
c. At the beginning of the year, Quaker Company's liabilities equal $41,000. During the year, assets increase by $60,000, and at
Troyanec [42]

Answer:

Beginning Equity = $89,000

Ending Equity = $156,000

Explanation:

Data provided in the question:

Beginning liabilities =  $41,000

Increase in assets = $60,000

Ending assets = $190,000

Decrease in liabilities = $7,000

Now,

Beginning Assets = Ending assets - Increase in assets

=  $190,000 - $60,000

= $130,000

Ending liabilities = Beginning liabilities - Decrease in liabilities

= $41,000 - $7,000

= $34,000

Also,

Assets = Equity + Liabilities

Therefore,

Beginning Assets = Beginning Equity + Beginning Liabilities

$130,000 =  Beginning Equity + $41,000

or

Beginning Equity = $130,000 - $41,000

= $89,000

Ending Assets = Ending Equity + Ending Liabilities

$190,000 =  Ending Equity + $34,000

or

Ending Equity = $190,000 - $34,000

= $156,000

7 0
3 years ago
When mp3 players emerged and cassette players declined in popularity, what type, or types, of unemployment were created?
-BARSIC- [3]
<span>When mp3 players emerged and cassette players declined in popularity, the type/s of unemployment created were of those who are making the wires, the mp3 players, the cassette players, the CD players and even the owner or companies who are suppliers of products that are needed to assemble the machines.</span>
6 0
3 years ago
BOVE
Goshia [24]

Answer:

Here are five key skills that an administrator in an automobile dealership would need:

Communication/interpersonal skills: Administrators would have to work with clients that come in for test drives. Having good interpersonal skills would help them respond to customers’ queries more effectively. A friendly and outgoing personality would make them more approachable for the customers. An ability to speak and understand multiple languages would help an administrator deal with customers who are not fluent in English. An administrator must be able to communicate effectively, both verbally and through nonverbal cues.

Organizational skills: Administrators need to be well organized in their work involving customers. They would be required to schedule and organize test drives, arrange meetings, keep a record of customers’ documents, handle car insurance matters, and provide other assistance to customers.

Prioritize: Administrators would have to handle several tasks (described earlier), so they should be able to prioritize and schedule tasks effectively.

Manage: An administrator would have to manage the daily operations, such as ensuring that customers submit authentic documents, making appointments, and scheduling test drives. The administrator is also responsible for managing employee behavior, safety, and compliance with the company’s policies.

Reasoning and mathematical skills: An administrator would need to have above-average mathematical skills in order to maintain the company’s accounts dealing with sales and servicing. The person would need logical reasoning skills to facilitate decision making and process management.

Explanation:

PLATO

5 0
3 years ago
Melbourne Company uses the perpetual inventory method. Melbourne purchased 1,800 units of inventory that cost $11.75 each. At a
atroni [7]

Answer:

$18,800.

Explanation:

LIFO method of Inventory Cost Flow assumes that the recently purchased goods are sold first. The company sold 2,100 units. 1,900 out of 2,100 were recently purchased at a cost of $12.25 each, and the remaining 200 units are those that were purchased earlier at a cost of $11.75. It means that the company is just left with 1,600 units (1,800 - 200) that were Purchase at a early date because all the recently purchased stock has been sold out whereas 200 has been sold out from that of earlier ones.

⇒ Ending Inventory = 1,600 * 11.75 = $18,800.

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3 0
3 years ago
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