All categories

3 years ago

Why selling is never ending process in business??

Business

1 answer:

Naily [24]3 years ago

4 0

Answer:

there is always something to be wanted by a consumer. there is a constant selling process due to businesses wanting to achieve profit, that's why they're a business. without selling enough goods, they might not be able to break even with paying employees or receiving/making goods to sell to consumers. selling and profiting will force be a factor in a business setting.

You might be interested in

sale of merchandise on account for $36,000 is subject to an 8% sales tax. a. Should the sales tax be recorded at the time of sal

aleksandr82 [10.1K]

Answer:

a.Sales tax to be recorded at the time of sales.

b.36000

c.38880

d.Sales tax payable

Explanation:

a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.

b. Sales = $36000

c.Account receivable = [36000+(36000*8%)]=36000+2880=38880

Entry: Dr Account receivable 38880

Sales 36000

Sales tax payable 2880

d. Sales tax payable, it is liability for a seller to refund to government treasury.

6 0

3 years ago

Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 23,600 golf discs

pychu [463]

Answer:

Increase in income= $2,965.6

Explanation:

Giving the following information:

Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 23,600 golf discs is:

Materials $ 12,036

Labor 35,400

Variable overhead 23,128

Fixed overhead 47,200

Total $117,764

McGee Corporation offers Gruden $4.91 per disc for 4,930 discs. If Gruden accepts the offer, its fixed overhead will increase from $47,200 to $53,700 due to the purchase of a new imprinting machine.

Total variable cost= (12,036 + 35,400 + 23,128)= 70,564

Unitary variable cost= 70,564/23,600= $2.99

Increase in fixed costs= $6,500

Increase in income= (4930*4.91) - (4930*2.99) - 6500= $2,965.6

8 0

3 years ago

identify and explian the policy measures and institutional frame works am did at incentivising export in Nigeria

GarryVolchara [31]

Answer:

Nigeria employs a combination of tariffs and quotas for the double purpose of taxing international trade for revenue generation and protecting local industries from highly competitive imports. The country's tariffs are determined by the ECOWAS 2015 – 2019 Common External Tariff (CET) Book.Sep 14

Explanation:

5 0

2 years ago

On average, LB Inc. receives 138 payments each day with an average value of $42 each. These payments clear the bank in an averag

Oxana [17]

Answer: c) $7,535

Explanation:

The Collection Float refers to the time that it takes for a deposited check to become available to the account owner after the check has been deposited.

The Average amount is calculated thus;

= No. of payments * Clearing days * average value of payment

= 138 * 1.3 * 42

= $7,535

6 0

2 years ago

Angorasia, an Asian country, supports a free market system. The flexible economy of the country makes it fairly easy for new sel

skelet666 [1.2K]

Answer:

The correct answer is letter "C": consumerism.

Explanation:

Consumerism is the approach stating that only individuals' demand for goods and services should drive the economy. This idea departures from the belief that an increase in consumption leads to an increase in production, thus, the overall economic growth.

5 0

3 years ago

Why selling is never ending process in business?? ​

Why selling is never ending process in business??