All categories

3 years ago

The collision repair industry does what volume of business per year? A. $1 million B. $10 Million C. $1 Billion D. $10 Billion

Business

1 answer:

Eva8 [605]3 years ago

6 0

Answer: D. $10 Billion

Explanation:

The United States has a large economy with a very large number of cars which was estimated to be around 280 million in the last quarter of 2019. With these many cars it would be improbable that there would not be quite a number of accidents and there are. In the year 2018, around 12 million cars were involved in motor accidents.

With such a staggeringly high number of cars involved in collisions, it is no wonder that it is estimated that the collision repair industry does around $10 billion worth of business every year.

You might be interested in

Pierre's Ice Cream Company produces ultra-rich ice cream, which it sells in Cleveland, Ohio, and other neighboring places. Last

boyakko [2]

Answer:

The actual return on investment was 16.67%

Explanation:

the Return on Investment, will be the net income copared with the own funds (equity). So, we will compare the 50,000 net income with the owner's equity 300,000

50,000/300,000 = 0.1667 = 16.67%

The return on investment is 16.67% This means for every dollar of equity the comany earn 16.67 cent

It also means the company will return their entire investment in:

1/ROI = 1/0.166666 = 6 years

8 0

3 years ago

A recent annual report for FedEx contained the following data:

Maru [420]

FedEx

Accounts Receivable Turnover

Numerator Net Credit Sales = 35,687 = 9.02 times

Denominator Average Accounts Receivable (4415+ 3495)/2

Average Daily Accounts Receivable Turnover

Numerator Days in 4 Years = 0.365 4 4 = 46 debt turnover ratio of 9.02

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

In personal banking or financial accounting, a credit is an entry indicating that money has been received. Normally, a checking account register has the balance (deposits) on the right and the debits (money spent) on the left. In a loan, all the requested amount is given at once at the time of lending, whereas in a loan, the bank uses the full amount of the loan to give the customer an amount that can be used as needed.

Learn more about Credit here brainly.com/question/26867415

#SPJ4

7 0

2 years ago

Assume that you have a subsidiary in Australia. The subsidiary sells mobile homes to local consumers in Australia, who buy the h

denis-greek [22]

Answer: Appreciate

Explanation:

When a country increases interest rates, it will lead to an appreciation in currency. This is because there will be more demand for the currency of the country because people will want to take advantage of the higher interest rates and make a gain.

As the demand for the currency increases but the supply stays the same, the value of the currency will appreciate.

With Australia taking up their interest rates, their dollar will appreciate in value.

5 0

3 years ago

Select examples of public goods provided to everyone by the government

bogdanovich [222]

A) protecting the country and D) public schools im sure this is the answer

3 0

4 years ago

Read 2 more answers

In the "Input Analysis" section of the spreadsheet model, calculate the correlations between the sales of each type of product a

rodikova [14]

Answer:

The correct formula will be :

=average(past event tab then col in that tab) use this for att, programs, food, and merch

=AVERAGE('Past Events'!C4:C103)

Explanation:

To calculate the correlation between the sales of each kind of product and event attendance, from the Input analysis part of the spreadsheet model.

According to the information provided, in the targeted cell, we will use formula

=Average(data cells)

and for other part of the question is to calculate sales. For this part we can simply use the sum formula, first, we will sum the sales for a single item in past events column than at the end of the past column.

Thus, the correct formula will be :

=average(past event tab then col in that tab) use this for att, programs, food, and merch

=AVERAGE('Past Events'!C4:C103)

7 0

3 years ago