Answer: $135.66
Explanation:
Given that,
Revenue earned in October = $550,000
Number of customers = 300
Operating costs:
Manager's Salary = $5,500
Gym Rent = 1,800
Depreciation Expense long dash Equipment = 7,000
Office Supplies Expense = 2,300
Utilities Expense = 1,600
Trainer's Salary = 22,500
Therefore,
Unit cost per customer = 
= 
= $135.66
Answer:
Current ratio = <u>Current assets</u>
Current liabilities
2.6 = <u>$11,400</u>
Current liabilities
Current liabilities = <u>$11,400</u>
2.6
Current liabilities = $4,385
Quick ratio = <u>Current assets - Inventory</u>
Current liabilities
Quick ratio = <u>$11,400 - $4,000</u>
$4,385
Quick ratio = 1.69
Explanation:
Current ratio is the ratio of current assets to current liabilities. The current ratio and current assets have been provided in the question with the exception of current liabilities. Thus, we will make current liabilities the subject of the formula.
Quick ratio is calculated as current assets minus inventory divided by current liabilities. Since the current liabilities have been calculated. Then, we will divide the difference between current assets and inventory by current liabilities so as to determine the quick ratio.
Answer:
Please see the explanation of the process
Explanation:
In the integrated cash receipt system in which customers makes the payments on account of the physical check that are mailed to the company.
The mail room clerk open the envelops containing the checks and remittance advices and endorse the checks for deposit only.Then the clerk reconcile the checks and remittances advices and prepare the remittance list. The checks, remittance advices and a copy of remittance list sent to the cash receipt department
.
The cash receipt clerk reconciles the checks and remittances advice with remittance list and prepares the deposit slips. Via terminal, the clerk accesses the cash receipt system and creates a record in the remittance file (cash receipt journal) for each remittance advice received. The clerk files the remittance list, remittance advices and one copy of the deposit slips. At the end of the day,a member of the security group deposits the checks in the bank
.
Answer:
Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected economy does not change.
Explanation:
Yes, regardless of whether we are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected economy does not change. Because there is very strong interlink between the elements of an economy and there are interlinked quite perfectly as well. As we have two main parts of an economy which are organisations and households, which have coordination in three different types of markets which are goods and services, labor and financial market. Organisations sell their products to the households. Money taken from household is taken by firms. Organisation needs to have people in order to make their products so the money flows to the labor market simultaneously as well. Organisations put their savings and profits whit the financial institutions and in this way money flows and all of these factors are interlinked with one another.
<span>The fact that in this market scenario the suppliers can only achieve competitive parity and not a competitive advantage means that </span><span>the coffee bean industry in Matterstein best illustrates </span>perfectly competitive structure. In this type of market structure the product is homogenous, coffee is homogenous. There are many firms and there is freedom to enter and exit the market.
