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3 years ago

What is businessanswer the following question

Business

1 answer:

Rudiy273 years ago

8 0

Answer:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.

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A door-to-door vendor of vacuum cleaners tells a potential customer that the vacuum cleaners "slurp up dirt faster than a sweat-

Svetach [21]

Answer:

b. No, because the vendor's sales puffery would not be considered fraud.

Explanation:

A fraud is intentional deception to gain wrongful advantage. The vendor of vacuum cleaner does not have the intention to deceive customer. The vendor tells the customer that the vacuum cleaner slurps the dirt but the cat hair cleaning was not discussed. The vacuum cleaner does not clean the cat hair from the carpet but this was not mentioned by the vendor at the point of sale.

4 0

3 years ago

On September 1, 2021, Southwest Airlines borrows $39.1 million, of which $6.2 million is due next year. Show how Southwest Airli

Igoryamba

Answer:

The preparation is shown below:

Explanation:

The preparation is shown below:

Balance sheet

Current liability

current portion of long term debt $6,200,000

Long term liability

notes payable $32,900,000

Total liabilities $39,100,000

We simply classify the liabilities into two types i.e current liabilities and the long term liabilities

8 0

3 years ago

A financial analyst for Simon Manufacturing prepared the following report:

Zolol [24]

Answer: A.The cumulative customerminus−level operating income of the top eight customers represents about 105.1105.1% of operating income

Explanation:

The Cumulative total of the first 8 customers is,

= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00

= $17,355.70

The Cumulative total of the Operating Income is,

= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00 - 168 - 676

= $16,511.70

Dividing both figures gives,

= 17,355.70 / 16,511.70 * 100

= 1.0511051 * 100

= 105.1105.1%

Option A is therefore correct.

3 0

4 years ago

Suppose a commercial banking system has $240,000 of outstanding checkable deposits and actual reserves of $85,000. If the reserv

zhuklara [117]

Answer:

$100,000

Explanation:

Calculation for the maximum Revenue

First step is to find the Required reserve using this formula

Required reserve =Outstanding checkable deposits ×Reserve ratio

let plug in the formula

Required Reserve=$240,000×0.25 =$60,000

Second step is to find the excess reserve using this formula

Excess reserve = Actual reserve - Required reserves

Let plug in the formula

Excess reserve =$85,000- $60,000

Excess reserve =$25,000

Last step is to find the maximum reserve using this formula

Maximum Reserve=Excess reserve× Reserve ratio

Let plug in the formula

Maximum reserve =$25,000*1/.25

Maximum reserve =$25,000*4

Maximum reserve =$100,000

Therefore the maximum reserve will be $100,000

6 0

4 years ago

Which of the following is not a financial intermediary?

EastWind [94]

Answer:

Commercial business.

Explanation:

An institution that facilitates the channeling of funds between lenders and borrowers indirectly. And this all are the examples of the same.

Banks.

Mutual savings banks.

Savings banks.

Building societies.

Credit unions.

Financial advisers or brokers.

Insurance companies.

Collective investment schemes.

cooperative societies

Stock exchanges

Commercial business is not a financial intermediary, but this includes the distribution of goods & services and this include all the asset and liabilities of the business and doesn't take into account the operations.

4 0

3 years ago

What is businessanswer the following question ​

What is businessanswer the following question