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3 years ago

Halp! I need an answer right away Thank you

Business

1 answer:

garri49 [273]3 years ago

7 0

Answer:

see below

Explanation:

Revenue is the money a business receives by engaging in its normal trading activities. It is the money paid to the business for selling goods or services to clients. For a business to be profitable, its revenues must exceed expenses.

If the business owner has revenue of $2000 and is finding it difficult to stay in business, it means the expenses are almost or more than $2000. Revenue, as stated, is generated from sales. Expenses refer to the costs incurred in generating revenue. They include the cost of materials, rent, wages, and all other business-related expenses.

When the expenses are more than revenue, the business suffers losses. This business owner is probably incurring losses; that's why they have a challenge in staying open.

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What is a conglomerate? a large corporation that produces and sells its goods and services throughout the world the combination

miskamm [114]

Answer:

A conglomerate is a business combination merging more than three businesses that make unrelated products.

Explanation:

A conglomerate is a group of companies with different activities. This business concept spread to Europe from the United States after World War II. The benefits were considered to increase the company's long-term profitability by spreading risk to various business areas.

However, conglomeration often led to an increase in administrative costs. Furthermore, the conglomerate's management rarely had the competence to handle a number of companies in different industries. The conglomerates that were listed on the stock exchange were regularly valued lower than the total market value of the subsidiaries, indicating that the stock market did not believe in the very idea of creating such corporate groups. The risk diversification that the conglomerate was aiming for could equally well be achieved by the individual investor in his own equity portfolio. Therefore, since the 1970s, many conglomerates have split up, and most companies have instead focused on creating competitive advantages through their core business.

6 0

3 years ago

Read 2 more answers

At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,1

Greeley [361]

Answer:

Explanation:

a. The journal entry is shown below:

Allowance for doubtful accounts A/c Dr $4,210

To Accounts receivable $4,210

(Being the write-off amount is recorded)

b. The computations are shown below:

Cash realizable value of the accounts receivable before the write-off would be

= Account receivable balance - Allowance for doubtful accounts

= $635,600 - $23,140

= $612,460

Cash realizable value of the accounts receivable after the write-off would be

= Account receivable balance - Allowance for doubtful accounts

= $635,600 - $23,140

= $612,460

The $4,210 has added in both the items but it does not affect the overall balance. So, the balance would remain unchanged

5 0

3 years ago

A person driving over the prescribed speed limit in a suburban area hits and injures a pedestrian jaywalking against a red "Do N

Nezavi [6.7K]

Answer:

no damages from the driver.

Explanation:

In common law, he doctrine of contributory negligence establishes that if a person is injured by another party, but the injured person had some degree of responsibility or contribution to the incident that caused his/her injury, then the injured is not allowed to collect any money from the party that caused the injury.

In this case, since the pedestrian is responsible for 20% of the accident, then he/she cannot collect any money from the driver or the driver's insurance.

6 0

4 years ago

The Plant Assets account and Accumulated Depreciation -- Plant Assets account of Star Media show the following:

Katen [24]

Answer:

The statement of cash flows should Star Media report the sale of plant assets under investing activities and the sale value is $31,000.

Explanation:

The cash flow statements deal with three types of statements which include operating activities, investing activities, and financing activities.

The operating activities record those transactions which impact the working capital or we can say increase or decrease in the current assets and current liabilities.

The investing activities deal with the purchase and sale of fixed assets

The financing activities deal with the issue of shares, repayment of the debt, etc.

So,

The cash flow of Star Media should report the sale of plant assets under investing activities

And, the selling value of assets is calculated by using an equation which is shown below:

= Disposal value of plant - accumulated depreciation of disposal - loss on the sale of assets

= 52,500 - 10,500 - 11,000

= $31,000

Hence, the statement of cash flows should Star Media report the sale of plant assets under investing activities and the sale value is $31,000.

8 0

3 years ago

A Boston Hallmark store is preparing a budget for the next year and needs to forecast sales. The store notices variation in sale

Alex73 [517]

The correct answer is A) Seasonality.

A Boston Hallmark store is preparing a budget for the next year and needs to forecast sales. The store notices variation in sales around holidays. The pattern that describes the data to be forecasted is "Seasonality."

This sales term means that during a specific season, the volume of sales increases due to the high demand on the part of the consumers. In this case, when Christmas comes, the Boston store has data that proves that there is a considerable positive variation during the Christmas season and that is why this variation must be included in the budget and the forecasting of sales in that season.

6 0

4 years ago

Read 2 more answers