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3 years ago

Determining the price of goods should be done after calculating income and expenditure ??

Business

1 answer:

Vera_Pavlovna [14]3 years ago

3 0

Answer:

False

Explanation:

There are several methods that businesses use to determine the price of goods and services. The most common one involves first calculating the cost of production or the cost of goods sold. The desired markup is added to the cost. Other methods include the break-even analysis, target prices, and going by the market rate.

In all these methods, the price is determined selling starts. It means the price is set before selling starts. Therefore, income cannot be generated before a price is determined.

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The marginal propensity to consume refers to the proportion of the next dollar of: _______________ a) savings that is transforme

ElenaW [278]

Answer: Option C

Explanation: In simple words, marginal propensity to consume refers to the proportion of the extra income that the households spent or consume for their satisfaction.

Thus phenomenon states that when the income of the consumer increases their disposable income also increases resulting in the inducement of consumption.

Hence from the above we can conclude that the correct option is C.

3 0

3 years ago

Oswego Clay Pipe Company provides services of $45,400 to Southeast Water District #45 on April 12 of the current year with terms

777dan777 [17]

Answer:

C. Accounts Receivable 45,400 Sales Revenue 45,400

Explanation:

Trade Receivable $45,400 (debit)

Revenue $45,400 (credit)

<em>Recognise an Asset - Trade Receivable and Revenue</em>

8 0

3 years ago

Read 2 more answers

At the end of the week, Jason received a paycheck for $534.59. He recorded all of these transactions in his check register.

padilas [110]

Answer:

Jason did a good job; everything is correct. (we can assume that he rounded the balance to whole dollars).

Explanation:

Since this is not organized and no picture is included, you cannot tell how Jason organized the accounts.

I used an excel spreadsheet to organize the check register because there is not enough room here.

Download pdf

4 0

3 years ago

Are the following workers more likely to experience short-term or long-term unemployment? Explain.

Stells [14]

Answer:

a. Short-term

b. Long-term

c. Long-term

d. Short-term

e. Long-term

Explanation:

a. A worker laid off because of bad weather is unemployed for the short term as he will be employed when the weather gets better.

b. A worker unemployed in an isolated area is likely to remain unemployed for the long term as there may not be many employment opportunities there. He needs to move somewhere else to find a job.

c. A stagecoach worker is most likely to remain unemployed for the long term as the industry he works in is shrinking. He is structurally unemployed. He needs to acquire new skills to get a job in another industry.

d. A short-order cook is unemployed for the short term, he is likely to find a job at another restaurant. He can also get a job at the newly opened restaurant.

e. An expert welder with little formal education is likely to be unemployed for the long term. He does not have adequate training and skills to match up with new technology. He needs to get additional training and skill to find a job.

3 0

3 years ago

During 2022, half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $1,500,00

luda_lava [24]

Answer:

Total Stockholder's equity = $6,760,000

Explanation:

Note:

Missing content;

Cash dividends = $20,000

Treasury stock = $600,000

Share repurchase = $20,000

Common stock = $4,000,000

Retained earnings = $3,000,000

Computation:

Common stock = $4,000,000+$400,000

Common stock = $4,400,000

Retained earnings = $3,000,000+$600,000-$500,000-$400,000-$40,000 Retained earnings = 2,660,000

Total Stockholder's equity = Common stock + Retained earnings - Treasury Stock

Total Stockholder's equity = $6,760,000

8 0

3 years ago

Determining the price of goods should be done after calculating income and expenditure ??​

Determining the price of goods should be done after calculating income and expenditure ??