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12345 [234]
2 years ago
10

A trading firm ABC, Inc. has been in continuous existence for the past 20 years. In the year 2004 it purchased 2000 baseball bat

s for $ 6 each and sold 1700 of these for $10 each. What was the profit or loss of the firm in 2004
Business
1 answer:
OlgaM077 [116]2 years ago
5 0

Answer: $6,800

Explanation:

Profit (loss) = Revenue - Cost of goods sold

Cost of goods sold = Purchases - closing stock

= (2,000 * 6) - (300 * 6)

= $10,200

Total Revenue:

= 1,700 * 10

= $17,000

Profit = Revenue - cost of goods sold

= 17,000 - 10,200

= $6,800

<em />

<em>(closing stock is 300 because 1,700 units were sold)</em>

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krok68 [10]

Answer:

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Explanation:

Due to the physical contact and getting to physically recognise each other, the familiarity increase the level of personal relationship.

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2 years ago
. If shareholders are granted a preemptive right they will: Select one: a. be able to choose the timing and amount of any future
PtichkaEL [24]

Answer:

Have priority in the purchase of any newly issued shares

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3 years ago
What tax applies to investments and other personal property?
shusha [124]
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8 0
2 years ago
Read 2 more answers
The likelihood of Company A's stock price rising is 20%, and the likelihood of Company B's stock price rising is 30%. Assume tha
Volgvan

Answer: 44%

Explanation:

In probability, Independent event is simply an event that doesn't have anything to do with the occurrence or non-occurrence of another event.

From the question, we are informed that likelihood of Company A's stock price rising is 20%, and the likelihood of Company B's stock price rising is 30% and they are both independent.

Therefore, the probability that the stock price of at least one of the companies will rise goes thus:

P(at least one will rise) will be:

= 1 - P(both fall)

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= 1 - 0.56

= 0.44

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6 0
2 years ago
In the loanable funds model, an increase in an investment tax credit would create a a. shortage at the former equilibrium intere
Drupady [299]

Answer:

a. shortage at the former equilibrium interest rate. This shortage would lead to a rise in the interest rate.

Explanation:

The equilibrium in the market for loanable funds is achieved when the quantities of loans that borrowers want are the same as the quantity of savings that savers provide. The interest rate adjusts to make these equal.

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3 years ago
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