Answer:
A) $14,000.
Explanation:
In the profit or loss statement, the key elements are sales and expenses and the net of these two gives the net income.
Given
Service Revenue = $40,000,
Wages Expense = $25,000
Net Income = $1,000
Total expense = $40,000 - $1,000 = $39,000
The total expense is made of the wage expense and other expenses.
Therefore, other expenses = $39,000 - $25,000
= $14,000
The cooperative organization of work into specialized tasks and roles is the Division of labor.
Division of labor, division of work process into multiple tasks. Each task is performed by a different person or group of people. This is most commonly applied to mass production systems and is one of the basic organizing principles of assembly lines.
The division of labor increases production and efficiency by dividing the individual tasks of creating objects among different people. This simplifies the work that each person has to do.
The division of labor increases productivity, which also means that it is cheaper to produce goods. This in turn leads to cheaper products. If you divide it into five people who specialize in work, it will be faster and more efficient. In return, the number of product .
Learn more about division of labor here: brainly.com/question/24415527
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Answer:
The answer is letter C, Broker.
Explanation:
In order to know whether Karen's company is a broker. It would be best to define what "Broker" is.
In business, <em>"broker" is defined as a person or a company who acts as a mediator between a buyer and a seller. As an agent, the broker gets commission in every business transaction. He can also represents himself as the buyer or the seller. At this point, he also gets a certain commission. </em>In the situation above, Karen arranges the transaction between the growers and processors of cranberries. At this point, she is acting as a seller and a buyer. She does this on behalf of the other firms. Thus, the answer is letter C, Broker.
<u>Additional Information</u>
Sales Agent- a self-employed salesperson who usually works alone. He obtains orders for companies and receives commission on those orders.
Commission Merchant- a person who buys and sells products. He receives commission for the sales price.
Sales Branch- an independent business which purchases merchandise in bulk from manufacturers. He then processes it and redistributes it to retailers.
Sales Office- this is a location that is used for the purpose of selling. It is often leased.
Answer:
A low asset turnover compared to the industry implies Net income is low relative to the investment in assets.
Explanation:
Asset turnover is the ratio of total sales or revenue to average assets. It is a measure used to gauge how effectively companies are using their assets to generate sales.
Higher turnover ratios mean the company is using its assets more efficiently. Lower ratios mean that the company isn't using its assets efficiently and most likely have management or production problems.
The asset turnover ratio measures the value of a company's sales or revenues relative to the value of its assets
If a company has a low asset turnover ratio, it indicates it is not efficiently using its assets to generate sales.
Answer:
increase by price
Explanation:
because, of quantity let me m know if I am correct I am pretty sure I am
