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3 years ago

3. Wholesalers and retailers are commonly referred to as

Business

1 answer:

lesya [120]3 years ago

3 0

Answer:

Explanation:

3. Trade Business ... including any and all business that buy from others companies to sell to the public.

4. Extraction business ... as they extract materials from the earth so that manufacturers can create valuable products for customers.

5. nonprofit corporation ... these corporations are legal entities which do not operate as a business and usually make all of their money through donations and grants to use for the benefit of the public, but can also sell goods and services for money.

6. franchise. ... there are many examples of franchises such as McDonalds, Target, Walmart etc. All of which sell the rights to individuals to operate under the franchises name.

7. retailer ... in other words these are the final stores where customers ultimately purchase the product. This can either be a brick and mortar store or an online shop.

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Cave Hardware's forecasted sales for April; May; June; and July are $ 200,000; $ 210,000; $ 150,000; and $ 240,000; respe

Dafna1 [17]

Answer:

The balance of account payable for month of June would be $94,128

Explanation:

Here for taking out the amount account payable for month of June , we will need to have Purchases for the month of June and as it is told that 74% of the inventory purchased would be paid in the following month, it means that the inventory that was purchased in May , 74% of it would be paid in June , so therefore the 74% of purchases would be the account payable for month of June.

First we would have to take out purchases and for that we will use equation of -

<u>Cost of goods sold + ending inventory - opening inventory (for June)</u>

COST OF GOODS SOLD =

$150,000 X 80%

= $120,000

ENDING INVENTORY =

$75,000 + 10% OF COST OF GOODS SOLD OF JULY

= $75,000 + 10% X [ 80% X $240,000 ]

= $75,000 + 10% X 192,000

= $75,000 + $19,200

= $94,200

OPENING INVENTORY =

$75,000 + $120,000 X 10%

= $75,000 + $12,000

= $87,000

Now putting all these values in equations top take out purchases-

=$120,000 + $94,200 - $87,000

= $127,200

PURCHASES = $127,200

ACCOUNT PAYABLE = PURCHASES X 74%

= $127,200 X 74%

= $94,128

3 0

3 years ago

1. What's NOT an assumption we usually make about costly products and services?

zloy xaker [14]

Answer:

Explanation:

I would assume the correct answer would be B. This is because when you go to a store you typically assume the higher cost item is of higher quality then the lower cost item. For example: One may buy a yeti cooler over an igloo cooler because the very high price tag makes them feel as if the cooler is just that much better then the competitor. If correct please mark brainliest.

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3 years ago

Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows

Alexxandr [17]

Answer: should be b

Explanation:

4 0

3 years ago

ABC Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $40,000. During 2020, it wrote off $28,800 of acc

SVETLANKA909090 [29]

Answer:

$20,400

Explanation:

The computation of the bad debt expense for 2020 is shown below:

Ending balance of Allowance for Uncollectible Accounts = Beginning balance of Allowance for Uncollectible Accounts + bad debts -write off amount

where,

Ending balance of allowance for uncollected accounts is

= $800,000 × 5%

= $40,000

Beginning balance of Allowance for Uncollectible Accounts is $40,000

And, the written off amount is

= $28,800 - $8,400

= $20,400

So, the bad debt expense is

= $40,000 - $40,000 + $20,400

= $20,400

We simply applied the above formula so that the bad debt could arrive

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3 years ago

Return on investment (ROI) for a firm is _______. a. the firm's total assets multiplied by net profits after taxes b. a measure

Zarrin [17]

Return on investment (ROI) for a firm (B) measures management's overall effectiveness in generating profits with the available assets.

<h3>What is the return on investment?</h3>

A ratio between net income and investment is known as return on investment or return on costs.
A high ROI indicates that the returns on the investment outweigh the costs.
ROI is used as a performance metric to assess an investment's effectiveness or to compare the effectiveness of multiple distinct investments.

<h3>What are profits?</h3>

The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit.
It is equivalent to total income less total expenses, which includes both direct and indirect expenses.

<h3>What are assets?</h3>

Any resource that a company or other economic organization owns or controls is considered an asset in financial accounting.
Anything that has the potential to provide positive economic value qualifies.
The ownership value that can be turned into cash is represented by assets.

Therefore, return on investment (ROI) for a firm (B) measures management's overall effectiveness in generating profits with the available assets.

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2 years ago