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3 years ago

When an auctioneer decides that no one will bid any higher for the goods on sale, the bidding is closed, usually by

Business

1 answer:

Black_prince [1.1K]3 years ago

8 0

Answer:

True

Explanation:

An auction is defined as a public sale of properties that considers bids from prospective buyers.

The highest bidder eventually makes the purchase.

The auctioneer calls for bids and when there is an unchallenged bid he pounds the gavel to indicate the item has been sold.

The auctioneer is the seller himself of am agent representing him.

At the start of the auction the seller sets a minimum price before bidding commences

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Forward Company makes and sells power tools. The budgeted sales are $480,000, the budgeted variable costs are $175,000, and the

den301095 [7]

Answer:

63.54% (Approx)

Explanation:

The computation of the budgeted percentage contribution margin ratio is shown below:-

For computing the contribution margin ratio firstly we need to calculate the contribution margin in dollars

Contribution margin = Sales - Variable cost

= ($480,000 - $175,000)

= $305,000

Contribution margin ratio = Contribution margin ÷ Sales

= ($305,000 ÷ $480,000)

= 63.54% (Approx)

5 0

3 years ago

A matrix organization for project management has a distinct advantage because:A) Dual hierarchies mean two bosses.B) A significa

Zanzabum

Answer:

D) Project importance is enhanced by setting authority equal to that of functional departments.

Explanation:

A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.

Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.

Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.

During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.

Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.

8 0

3 years ago

Suppose that a substantial number of discouraged workers become encouraged about potential job prospects and start looking for w

zzz [600]

Hello, the answer is Decrease

6 0

3 years ago

Can you contest a divorce on the very last day?

Citrus2011 [14]

You actually can cause it wasn’t far alone in the relationship

6 0

3 years ago

Read 2 more answers

In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago