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3 years ago

What is economic of skill

1 answer:

6 0

I would define economies of skill as the characteristics of marketing process in which an increase in the skill of the team causes a decrease in long run average cost per order dollar (COPD).
Hope this helps!! <3

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As a brand new employee, John received a handbook during orientation to help him understand the corporate culture of the firm. T

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4 years ago

"the fact that having capital punishment "on the table" causes many people to confess to crimes in order to have death "taken of

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4 years ago

Cullumber uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost

aleksley [76]

Answer:

$544,621

Explanation:

Cost :

Merchandize available for sale

= Beginning inventory + Purchases + Freight in

= $379,000 + $1,835,000 + $118,000

= $2,332,000

Retail:

Merchandize available for sale

= Beginning inventory + Purchases + Markup

= $583,000 + $3,080,000 + $61,000

= $3,724,000

Ending inventory at retail

= Retail total - Mark down - Net sales

= $3,724,000 - $97,000 - $2,780,000

= $847,000

Cost to retail ratio

= $2,332,000 ÷ ( $2,780,000 + $847,000)

= $2,332,000 ÷ $3,627,000

= 64.30%

Since ending inventory at retail = $847,000

And

Cost to retail = 64.30%

Therefore,

Ending inventory at cost = $847,000 × 64.30%

Ending inventory at cost = $544,621

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3 years ago

Problem solving and critical thinking are ______ because they use logic and reasoning to develop and evaluate options

gulaghasi [49]

Answer:

Soft Skills

Explanation:

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3 years ago

Performance Plastics Company (PPC) has been operating for three years. The beginning account balances are

erastovalidia [21]

Answer:

Performance Plastics Company (PPC)

Analysis of Transactions to determine their effects on the Accounting Equation:

Assets = Liabilities + Equity

a. Assets (Equipment +$21,000 Cash -$5,000) = Liabilities (Notes Payable +$16,000) + Equity

b. Assets (Cash +$20,000) = Liabilities + Equity (Common Stock +$20,000)

c. Assets (Cash +$50,000) = Liabilities (Bank Loan +$50,000) + Equity

d. Assets (Supplies +$4,000 Cash -$4,000) = Liabilities + Equity

e. Assets (Factory Building +41,000 Cash -$12,000) = Liabilities (Notes Payable +$29,000) + Equity

f. N/A

Explanation:

a) Data and Calculations:

Cash $35,000

Accounts Receivable 5,000

Inventory 40,000

Supplies 5,000

Notes Receivable

(due in three years) 2,000

Equipment 80,000

Buildings 120,000

Land 30,000

Total assets $317,000

Accounts Payable 37,000

Notes Payable

(due in three years) 80,000

Common Stock 150,000

Retained Earnings 50,000

Total liabilities +

equity $317,000

b)The accounting equation is an important accounting concept that describes the double-entry basis of accounting. It shows that at every given time and after every business transaction, the assets are always equal to the liabilities and the equity balance. This implies that the assets are funded from the contributions of creditors and owners.

8 0

3 years ago

What is economic of skill ​

What is economic of skill