Answer:
Changes in sales levels is not an important aspect of this method.
Explanation:
Percent of sales method follows some static steps as follows:
Every item in the income statement whether in contribution format, or in any other format shows the item as a percentage of sales, and therefore, if there is any change in the level of sales it will impact widely on the entire statement.
Thus, it is a crucial part of percent of sales method, and cannot be avoided in any manner.
Answer:
Currency in circulation and in bank vaults , checkable deposits and travelers' check
Explanation:
Money is defined as a generally accepted medium of exchange and a measure of the value of good and services.
One key property of money is liquidity. That to qualify for money , an asset must be in a state that it can easily be converted to cash in a short space of time.
Money must also be durable , divisible ,portable and valuable.
.The only qualified option is Currency in circulation and in bank vaults , checkable deposits and travelers' check
Answer:
The correct answer is $400,000 (increase).
Explanation:
According to the scenario, computation of the given data are as follows:
Stock issued = 200,000 shares
Fair value = $6
Time period = 3 years
So, we can calculate the effect on earnings by using following formula:
Effects on earning = Stock issued × Fair value ÷ Time period
By putting the value, we get
Effects on earning = 200,000 × 6 ÷ 3
= $400,000 (Increase)
To find Macy's percentage of cost mark up:
First; we need to find the Gross Profit Margin
Gross profit margin = sales price - unit cost
Gross profit margin = $30 - $14
Gross profit margin = $16
Then; we will find the mark up percentage:
Markup percentage = gross profit margin/unit cost
Markup percentage = ($16/$14)(100) = 114.29%
Answer:
Option e (oligopolistic) is the appropriate solution.
Explanation:
- The oligopoly would be a market governed by those few companies. There are several companies throughout this industry that offer relatively homogenous either separated goods.
- Often, since there are very few retailers on the marketplace, each seller affects the actions of several other companies and perhaps other businesses.
Some other available scenarios aren't relevant to the situation in question. That's the correct above.
