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ValentinkaMS [17]
3 years ago
14

1._____________is the difference between earned income and costs. 2. An organization that produces or distributes a good or serv

ice for profit is called a __________
Business
1 answer:
Anestetic [448]3 years ago
7 0

Answer:

1. Profit

2. Business

Explanation:

      Profit may be defined as the income which is distributed to the owner in the production process of a profitable market. In other words it is the extra revenue generated by the company that is in excess of the money spend as expenses. It is the difference between the earned income and the costs.

        Business is a regular work or occupation or trade of a person. It refers to an organized efforts as well as the activities of any individual to produce the goods and services and sell them for a profit.

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Pinacle Corp. budgeted $700,000 of overhead cost for the current year. Actual overhead costs for the year were $650,000. Pinacle
tatuchka [14]

Answer:

Estimated manufacturing overhead rate= $7 per machine hour

Explanation:

Giving the following information:

Pinacle Corp. budgeted $700,000 of overhead costs for the current year.

Pinacle's plantwide allocation base, machine hours, was budgeted at 100,000 hours.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 700,000/100,000= $7 per machine hour

6 0
3 years ago
Vindurem Incorporated has developed a software that would reduce the time taken by manufacturers to identify suppliers of raw ma
Ksenya-84 [330]

Answer:

Business phone service

Explanation:

In simple words, Cold canvassing can be defined as the sales technique that involves contacting potential clients in the field with a sales pitch in order to generate new business. It's ideal for businesses like household contractors, who could find it simpler to contact new clients in person rather than through the telephone or over emails.

In the given case, telephone is used to aware target customers hence it is an example of business phone service.

7 0
3 years ago
Calculate the present value of annual payments of $3,000 per year for ten years at 8%.
AlexFokin [52]
Annual payments is $240
6 0
4 years ago
Read 2 more answers
What is most of the water usage in the United States used for? drinking irrigation livestock electricity
sleet_krkn [62]

Answer: i would say with all the water powered plants i would say electricity is the answer but if its not that then its irrigation or drinking

8 0
3 years ago
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Alamos Co. exchanged equipment and $18,200 cash for similar equipment. The book value and the fair value of the old equipment we
vodomira [7]

Answer:

$0

Explanation:

Alamos Co. exchanged equipments and $18,200 cash for a similar equipment

The book value of the old equipment is $81,100

The fair value of the old equipment is $91,900

The gain/loss recorded by Alamos can be calculated as follows

= Fair value-book value

= $91,900-$81,100

= $10,800

= $10,800

But since the exchange lacks a commercial substance then, no amount of gain or loss will be recognized/recorded.

Hence Alamos Corporation recorded a gain of $0

3 0
3 years ago
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