Answer:
the breakeven point in sales revenue for Sophia's Delivery Service is $10,333
Explanation:
Break even point is the point where a firm neither makes a Profit nor a loss
<em>Break even point (Sales Revenue) = Fixed Costs / Contribution Margin Ratio</em>
= $6,200 / (($55- $22)/$55)
= $6,200/ 0.6
= $10,333
Answer:
Calculability
Explanation:
A transaction can be defined as a business process which typically involves the interchange of goods (products), financial assets, services and money between a seller and a buyer.
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
A service can be defined as an intangible (immaterial), non-physical activities, satisfactions or benefits that are offered for sale by a business service or provided to accompany the sales of a product. Thus, it's an action that involves offering something to a service taker or customer in return for an amount of money as payment.
In Business management, calculability is the emphasis of a business firm on the quantitative aspects (portions, price, size) of products sold and services offered (the time it takes the consumer to get the product). Thus, calculability avails a business firm the opportunity to emphasize on the quantity of product sold rather than a qualitative factor.
There are relatively few customers in the B2B market because there are just a few construction or mining companies compared to 70 million households in the U.S. consumer market.
<h3>
What is the B2B market?</h3>
- Business-to-business (B2B) transactions occur when one company conducts a commercial transaction with another.
- Business-to-business is sometimes contrasted with business-to-consumer (B2C).
- In B2B commerce, the parties to the relationship frequently have comparable negotiating power, and even when they do not, each party typically involves professional staff and legal counsel in the negotiation of terms, whereas, in B2C, the economic implications of information asymmetry shape the relationship to a far greater extent.
- Customers in the B2B sector are minimal because there are few construction or mining enterprises compared to 70 million households in the US consumer market.
Therefore, there are relatively few customers in the B2B market because there are just a few construction or mining companies compared to 70 million households in the U.S. consumer market.
Know more about the B2B market here:
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The correct question is given below:
There are relatively few customers in the B2B market because there are just a few construction or mining companies compared to 70 million households in the U.S. _____ market
Answer:
The correct answer to the following question is $437,500.
Explanation:
In their books Higgins Repair service should record the value of the land as $437,500, no matter offer the made and they offer receive for selling the land. They made a deal with seller on April 15 , to buy the land for $437,500 and as per the cost concept or principle in accounting , an asset should be recorded in the books of account at the amount paid for acquiring it and this amount would not change in situations of inflation or change in market value.
Answer:
Involve using resources to research, develop, purchase, produce, distribute and market products and services
Explanation:
Operating activities are a business's main activities. These activities ranges from manufacturing, marketing and then the selling of product/service.
They are the daily activities of a company that is engaged in production and sales of its product, revenue generation.
It is very important because it gives cash flow information as it relates to the every day operation of the business and from this the viability of the business can be seen.