For the answer to the question above,
Revenue . . . . . . . . . . . . . . . . . . . .4,500
less: Expenses
Rent . . . . . . . .750
utilities . . . . . . 150
Salaries . . . . . .2400
Insurance . . . . .225
(Since you are just in highschool I would assume insurance is expense, because there are insurance that are Payables and not expense)
Total . . . . . . . . . . . . . . . . . . . . . . 3525
Net income . . . . . . . . . . . . . . 975
I hope my answer helped you. feel free to ask more questions. have a nice day!
The answer is Non-store Retailing.
Automatic vending, direct mail catalogs, tv home shopping, online retailing, telemarketing and direct selling are examples of Non-store Retailing .
What is Non-store Retailing?
- Non-store retailing could be a frame of retailing in which a firm offers its items without a physical retail store/space.
- The firm offers its items by means of online stages and conveys the item to customer’s doorstep.
- Although companies have been doing non-store retailing for the past three or four decades, it rose to noticeable quality during the 21st century.
- In any case, non-store retailing isn't an normal line of trade by any implies.
- Firms these days are exchanging to non-store retailing since of its “unlimited” benefits.
- With the changes in customer’s inclinations, the non-store retailing commerce has developed monstrously amid the 21st century.
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Answer:
Total dollar Annual Cost = $300,000
Explanation:
- Total loan Commitment = 9000000
- Borrowed Fund (Used Portion) = 6000000
- Unused Portion (9000000 - 6000000) = 3000000
- Annual Commitment Fee for unused Portion = 0.50%
- Commitment Fee = 3000000 x 0.05% = 15000
- Borrowed Fund (Used Portion) = 6000000
- Interest Rate (3.25% + 1.5%) = 4.75%
- Interest Cost (6000000 x 4.75%) = 285000
Total dollar Annual Cost (15000 + 285000) = $300,000
Answer:
1. Export the good
2. Domesctic producers
Explanation:
Export the good will be the logical thing to do as producers will gain for the higher price of the goodin foreign markets.
To run the business, he outlays $8,000 in cash to cover all the costs involved with running the business, and earns revenues of $150,000. Winston's implicit costs $64,000
<h3>What is implicit costs?</h3>
Any expense that has already happened but isn't always shown or reported as a separate charge is considered an implicit cost. It stands for an opportunity cost that develops when a business commits internal resources to a project without receiving any direct payment in exchange.
For instance, losing out on sales and commissions while training a new employee takes up a day. This opportunity cost, often known as the commission and other pay, is a cost to the employee or trainer.
Explicit costs are distinguished from implicit costs by economists. Out-of-pocket costs including those for labour, supplies, and rent are considered explicit costs, also known as accounting costs. Implicit costs are expenses a company faces without making a direct financial commitment.
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