Answer:
Yes
Explanation:
Making profit is a good thing because Profit equals a company's revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
Answer:
For 1st e and for 2nd b
Explanation:
I don't remember correctly
Answer:
Gross profit= $260,000
Explanation:
Giving the following information:
Sales revenue $ 440,000
Cost of goods sold 180,000
The gross profit is the result of deducting the cost of goods sold from sales revenue. It will appear in the income statement under absorption costing.
Gross profit= sales revenue - COGS
Gross profit= 440,000 - 180,000= $260,000
Answer:
When firms are unable to differentiate their products
Explanation:
Direct competition is also known as perfect competition which occurs when two or more firms produce and sell the commodities that are not in anyway different. This makes the buyers not have preference for any of the product as the commodities are largely the same.
However, when firms can differentiate their products, they now more in perfect competition but now in indirect competition or monopolistically competitive market. Indirect competition therefore occurs when firms sell differentiated products which are not really the same because they are branded but these products can provide the same satisfaction to the need of the consumer.
Therefore, the threat of direct competition tends to be high when when firms are unable to differentiate their products.
I wish you the best.
Cage company had income of $350 million and average invested assets of $2,000 million. its return on assets (roa) is
The formula of return on assets is net income divided by average assets.
Given that the net income is $350 million, average asset is $2000
The answer is 0.0005
