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adell [148]
3 years ago
13

Difference between profit and loss

Business
1 answer:
inessss [21]3 years ago
6 0
Profit is when the selling price is more than the cost price or revenue is more than the cost while loss is the opposite of profit.
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Briefly explain whether you agree or disagree with the following​ statement: ​"AssetsLOADING... are things of value that people
bekas [8.4K]

Answer:

A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability.

Explanation:

Given the definitions of liabilities and assets, it is also important to distinguish the <em>point of view</em> when discussing whether a specific item is an asset or liability.

Since a checking account represents money bank users deposit into the bank, that means that the <u>bank owes the money deposited</u> to the bank customer.

Similarly, a car loan is a bank asset. It is an essential bank product representing the money lent to someone. That means <u>bank users owe the bank</u> in that case. Although the bank doesn't possess the loan money after providing someone with a loan, the loan money will be returned to the bank after some time (representing the key asset characteristic).

8 0
3 years ago
The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ende
Ierofanga [76]

Answer:

$0.72

Explanation:

total direct materials = $125,000

total variable selling costs = $15,000

total variable costs = $140,000

variable cost per unit = $140,000 / 1,000 units = $140 per unit

contribution margin ratio = (sales price - variable cost) / sales price = ($500 - $140) / $500 = 72%

this means that per dollar of sales, $0.72 are left to cover fixed costs and contribute to operating income

8 0
3 years ago
If the economy is in a recessionary gap, the Federal Reserve should conduct _____ monetary policy by _____ the money supply.
DanielleElmas [232]
<span>contractionary; increasing</span>
5 0
3 years ago
Read 2 more answers
Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking
Debora [2.8K]

Answer:

The correct answer is Lead generation.

Explanation:

A contact or lead is any user of a web page that, at a given time, provides us with their data in a form, thus losing their condition of anonymous visit and becoming a contact on which to track.

Lead acquisition would be all those actions or processes focused on getting contacts with which to nourish our database. In an inbound marketing project it would consist of the Convert or Conversion phase.

Basic characteristics of a lead:

  • The only data that is absolutely essential is the email address.
  • It is also mandatory that these leads have previously accepted the company's privacy policy since otherwise it is not legally possible to track them and send them more communications.
5 0
4 years ago
Two basketball teams have a game Friday night. Within the first minute, they sell 8 adult tickets and 12 student tickets for a t
Sliva [168]

Answer:

the price adult ticket is $8 and the price of children tickets is $5.

Explanation:

This question can be solved using a simultaneous equation.

Let :

x = price of adult tickets

y = price of children tickets

If 8 adult tickets and 12 student tickets are sold for a total of $124, the first equation would be

8x + 12y = $124

If 16 adult tickets and 23 student tickets are sold for a total of $243, the second equation would be

16x +23y = $243

The two equations are

8x + 12y = 124

16x +23y = 243

To solve, multiply equation 1 by 2 . This gives equation 3

16x + 24y = 248

Now substract equation 3 from 2. This gives y = 5

To find y, substitute 5 with y in equation 1

8 x + 12(5) = 124

8x + 60 = 124

Solve for x

x = 8

Therefore, the price adult ticket is $8 and the price of children tickets is $5.

I hope my answer helps you

3 0
4 years ago
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