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3 years ago

What is an advantage of selling consumable items

2 answers:

5 0

Selling consumable items leads to continual purchase of the commodity. For instance, consumable products like milk and cereal will be purchased frequently. Something like a computer, however, will not be purchased as often. Consumable items have the advantage of constant income, whereas a product like an iPhone may spike in purchases when first released and then decrease as time goes on.

Anna71 [15]3 years ago

4 0

Consumers are constantly buying and eating over and over again.

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Swift Company was organized on March 1 of the current year. After five months of start-up losses, management had expected to ear

scoundrel [369]

A new income statement for August for Swift company is shown below.

Also, since the president has asked you to check over the income statement and make a recommendation as to whether the company should look for a buyer for its assets.

My recommendation would be to not buy.

Swift Company

Income Statement

For the Month Ended August 31

Particulars Amount (in $) Amount (in $)

Sales .............................................................. 450,000

Cost of goods sold:

Finished goods inventory, August 1 ............... 40,000

Add: Cost of goods manufactured ................. 310,000

Goods available for sale ................................ 350,000

Deduct: Finished goods inventory, August 31.. 60,000 290,000

Gross margin .................................................. 160,000

Selling and administrative expenses ................. 142,000

Net operating income...................................... 18,000

Sam failed to distinguish between product costs and period costs when preparing the August income statement, and he also failed to recognize changes in inventories between the beginning and end of the month.

Once these errors are corrected, the company's financial situation looks much better, and selling the company may not be a good idea.

Hence, my recommendation would be not to buy.

Learn more about income statement:

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7 0

2 years ago

Tom is taking a science test and he needs to get 80% of the 20 questions on the test right in order to pass. how many questions

Ronch [10]

16 questions. Each question is worth 5 % 16 ×5 = 80.

4 0

4 years ago

Read 2 more answers

According to the simple monetary model, if money is growing at 5% in the United States and 6% in the United Kingdom, while real

Murrr4er [49]

Answer:

Since the money supply is growing at a much faster rate than real GDP in the US, this means that the inflation rate in the US will be higher than the inflation rate in the UK. In both countries the money supply is growing at a faster rate, but the difference in the US is larger (money supply is growing 67% faster that real GDP), while the money supply in the UK is growing 20% faster than real GDP.

This means that the US dollar should depreciate against the British pound.

If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.

More American goods should be exported to the UK, and less British goods should be imported to the US. Since the US dollar should be cheaper, American products are cheaper. The opposite will happen to British products.

7 0

3 years ago

A restaurant owner is trying to decide whether to stay open at lunchtime. She has far fewer customers at lunch than at dinner an

anygoal [31]

Explanation:

A restaurant owner should not close the restaurant over the lunchtime. He should only do that if he is sure that he won't have any customer over lunchtime but since he has fewer of them, she should open it.

Also, it is giving him the ability to pay for some of the expenses which is also good for the restaurant.

The only thing that he can do is to promote some of the new lunch opportunities that people can have and that can help him to increase the number of his customers during lunchtime. For example, he can promote lunch opportunities to those people who are coming for dinner time.

8 0

3 years ago

Which of the following is not one of the main factors that contribute to fraudulent activity?

Reil [10]

The correct answer is choice b, incompatible duties.

There are three primary reasons why people commit fraudulent activity, which is represented in the Fraud Triangle. The three primary factors that lead to fraud are opportunity, financial pressure and rationalization.

7 0

4 years ago