How does online retail have the potential to further complicate the issues already presented by the virus?

______ - _____ property is any property such as clothing, a home, or a car, that is for purposes OTHER THAN use in a trade, busi

abruzzese [7]

Answer:

Personal-use

Personal

Real

Explanation:

There are three types of properties which are shown below:

1. Personal use: These properties which are used by a person for their personal purpose rather than business purpose like - clothing, jewelry, home, car for their comfort and enjoyment.

2. Personal: These include those properties which are movable or transferable for one place to other like - machinery, furniture, other building, etc as per the needs.

3. Real: These properties include properties that are non-movable i.e land, building, canals, etc. This is also known as immovable properties.

6 0

2 years ago

Panza Corporation experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been

Afina-wow [57]

Answer:

A. $412,500

B.$719,250

C.$133,965

D.$76,875

Explanation:

Panza Corporation

(a) Cost of goods sold for 2020

Formula

Inventory turnover ratio

= Cost of goods sold/(beginning inventory + ending inventory)/2

Hence:

2.2 = Cost of goods sold/(195,000+ 180,000)/2

2.2=375,000/2

2.2=187,500

=187,500×2.2

=Cost of goods sold $ 412,500

(b) Net sales (credit) for 2020

Using this formula

Accounts receivable turnover

= Net sales(credit)/ (beginning accounts receivable+ ending accounts receivable)/2

7.0=Net sales(credit) / (80,000 + 125,500)/2

7.0=205,500/2

7.0=102,750

=102,750×7.0

Net sales(credit) = $719,250

(c) Net income for 2020

Using this formula

Return on common stockholders’ equity

= Net income/average common stockholders’ equity

0.26 = Net income/(411,000+411,000+100,000+108,500)/2

0.26=1,030,500/2

0.26=515,250

=515,250×0.26

Net income = $133,965

(d) Total assets at December 31, 2020

Using this formula

Return on assets= Net income/(beginning total assets + ending total assets)/2

0.125 = (615,000 + ending total assets)/2

Total assets at December 31,2017 =$76,875

7 0

2 years ago

The text and background of a power point slide should be similar in color.<br><br> True or False

sukhopar [10]

Answer:

False

Explanation:

6 0

2 years ago

If a country has a current account deficit, which of the following must be true? It must also show a deficit in its capital acco

koban [17]

Answer:

A. It must show a surplus in its capital account.

Explanation:

A deficit can be defined as an amount by which money, falls short of its expected value.

In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.

For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country.

Generally, a deficit on the current account of a country leads to a surplus on the financial and capital account. This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.

Hence, if a country has a current account deficit, it must show a surplus in its capital account.

In conclusion, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.

3 0

2 years ago

What are the main factors that affect the amount of business competition?

enot [183]

Answer:

From a microeconomics perspective, competition can be influenced by five basic factors: product features, the number of sellers, barriers to entry, information availability, and location. Each factor hinges on the availability or attractiveness of substitutes and, when no alternatives exist and the company is a single seller of a unique product, a monopoly exists and there is zero competition.

Explanation:

Product features essentially describe the level of differentiation. For example, if a company's product is homogeneous (similar to others already on the market), the good or service is completely indistinguishable from products sold by competitors. This situation would imply heavy competition.

Alternatively, a product might be completely differentiated, meaning that it is unique. If so, there might be few alternatives and thus low levels of competition. The level of differentiation is largely a subjective matter and subject to consumer opinion.

The number of sellers also impacts competition. If there are many sellers of an undifferentiated product, competition is considered to be high. If there are few sellers, competition is low. If there is a single seller, the market is considered a monopoly.

Barriers to entry can influence the number of sellers. Market characteristics such as high capital investment requirements or heavy regulation may prevent new companies from entering the market, which in turn provides a level of protection to existing firms. With lower competition through barriers to entry, firms might be able to charge higher prices.

7 0

2 years ago