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MissTica
3 years ago
5

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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On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new sup
Luden [163]

Answer:

$92,400

Explanation:

Supplies expense for 2020 would be calculated as;

= Ending balance in supplies account on December 31, 2019 + Payment for new supplies in 2020 - Balance in supplies account at the end of year 2020

Given that ;

Ending balance in supplies account = $48,400

Payment for new supplies = $86,000

Balance in supplies account at the end of year 2020 = $42,000

Therefore,

Supplies expense for 2020

= $48,400 + $86,000 - $42,000

= $92,400

6 0
3 years ago
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw m
zhannawk [14.2K]

Answer:

Omaha would produce the greater gross profit of

  • $578,075

Explanation:

revenue per unit $189

two possible locations:

                                            Omaha                   Kansas City

fixed costs                          $1,000,000             $1,200,000

variable costs per u.               $30                             $45

expected sales                   9,925 units               10,225 units

expected profits:

                                                Omaha                   Kansas City

sales revenue                     $1,875,825                $1,932,525

- variable costs                   ($297,750)                 ($460,125)

- fixed costs                     <u> ($1,000,000) </u>             <u>($1,200,000)  </u>

gross profit                           $578,075                   $272,400

3 0
3 years ago
Your manufacturing plant is operating at full capacity. In order to meet growth forecasts, you need to expand. A new addition to
lesya692 [45]

Answer:

$2,250,000

Explanation:

The computation of the estimated next year sales is shown below:

= Sales last year at full capacity + Sales last year at full capacity × next year percentage × capacity percentage

= $2,000,000 + $2,000,000 × 50% × 25%

= $2,000,000 + $250,000

= $2,250,000

We simply applied the above formula so the correct estimated sales for the next year could come

7 0
4 years ago
Which situation best illustrates the economic concept of opportunity cost
GaryK [48]

Answer: A business hires a new programmer, so it can't afford to hire a new salesperson.

Explanation:

A P E X: Economics

6 0
3 years ago
Read 2 more answers
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
anzhelika [568]

Answer:

$1.804 ; $1.7856

Explanation:

The computation is shown below:

The formula is presented below:

= Initial forecast + a × (Actual demand of last month - initial forecast of last month)

For November, it would be

=$1.83 + 0.1 × ($1.57 - $1.83)

= $1.83 - 0.026

= $1.804

For December, it would be

=$1.804+ 0.1 × ($1.62 - $1.804)

= $1.804 - 0.0184

= $1.7856

6 0
3 years ago
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