If industry rivalry is very high we can expect profit margin low. True False

________ are nonprofit independent groups that receive and distribute funds to influence the nomination, election, and defeat of

Eddi Din [679]

Organization i think so

4 0

3 years ago

Which is an example of a proprietorship?

Solnce55 [7]

"C is correct answer." Gloria's flower shop is an example of a proprietorship. "Hope it helped you!" "Have a great day!" "Thank you so much!"

7 0

2 years ago

Why is there a difference between interest charged and interest earned? A)Banks are non-profit institutions.B)Banks are profit-m

skelet666 [1.2K]

The correct answer is choice b.

Banks are profit-making institutions. Their purpose is to make a profit for their owners or stockholders. They need to charge more interest on the money that they loan out than what they pay on savings accounts so that there is a profit for them.

5 0

2 years ago

Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p

lesya692 [45]

Answer and Explanation:

a. The preparation of the sales budget is prepared below:-

Sonic Inc.

Sales budget

Particulars Unit Sales Unit Selling price Total Sales 

Volume

Model Rumble:

East Region 12,000 $60 $720,000

West Region 14,000 $60 $840,000

Total $1,560,000

Model Thunder:

East region 3,500 $90 $315,000

West region 4,000 $90 $360,000

Total $675,000

Total revenue from sales $2,235,000

To reach the total revenue from sales we simply added the total of model rumble with a total of model thunder.

b. The Preparation of the production budget is shown below:-

Sonic Inc.

Production budget

Particulars Units Model Units Model

Rumble Thunder

Expected units to be

sold 26,000 7,500

(12,000 + 14,000) (3,500 + 4,000)

Add: Desired ending

inventory 500 250

Total units required 26,500 7,750

Less: Beginning inventory 750 300

Total units to be produced 25,750 7,450

So, to reach at total units to be produced we simply deduct the beginning inventory from total units required.

7 0

2 years ago

Truman Co. sells a large number of common household items, while Stapleton sells a small number of expensive items. The two comp

slava [35]

Answer:

Truman has a higher inventory turnover ratio and Stapleton has a higher gross profit ratio ( D )

Explanation:

Truman sell a large number of common household items ( assuming 100 unit )

while Stapleton sells a small number of expensive items ( assuming 20 units )

lets assume : Truman sells at $5 per unit and Stapleton sells at $50 per unit

with the above assumptions

Truman gross profit ratio = $5 * 100 units = $500

Stapleton gross profit ratio = $50 * 20 units = $1000

from the above assumptions you can deduce that the gross profit made by Stapleton is higher although he sells a smaller amount of goods while Truman has a higher Turnover because of its higher number of sold units

4 0

3 years ago