Answer:
Substitutes
Explanation:
Competition in business occurs when a two companies produce and sell similar product. It is further grouped into direct and indirect competition.
While direct competition occurs between companies producing almost the same products , for example breweries producing beers , indirect competition happens between companies selling goods that are not directly similar but can also be used to achieve the same purpose if the other good is not available. Indirect competitors always have a way of sharing or winning over potential customers.
Answer:
Christie 's share = $ 37759.09
Jergens Share = $ 47,441
Explanation:
Partner's Profit share are calculated after the deduction of salary or any other interest incomes.
Profit for the current year = $ 163,000
Christie' s Salary $ 69,000
Christie Interest Income $ 3900
10 % 0f $ 390,000
Jergens Interest Income $ 4900
10 % 0f $ 490,000
Profit Balance $ 85,200
Profit Sharing Ratio
Christie : Jergens
390,000: 490,000
39: 49
Christie 's share = $ 85,200 * 39/88= $ 37759.09
Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441
Answer:
Sales = 12,50,000
Explanation:
Detailed steps are given below
Answer:
The answer about A static budget would be
Explanation:
A static budget is a type of budget that incorporates anticipated values on inputs and products that are conceived before the period in question begins. When compared to the actual results that are received after the fact, the static budget figures are often very different from the actual results.
The static budget is intended to be fixed and unchanged throughout the period, regardless of fluctuations that may affect the results.
For example, under a static budget a company would establish an anticipated expense, say $ 30,000 for a marketing campaign, for the duration of the period. It is then up to the managers to adhere to that budget, regardless of how the cost of generating that campaign really stays during the period.
This type of budgeting is limited by the ability of an organization to accurately forecast what its needs are, how much it will spend to meet them and what its operating income will be during the period. Static budgets can be more effective for organizations that have highly predictable sales and costs, and for shorter periods of time.
For example, if a company sees the same costs in materials, profits, labor, advertising and production month after month to maintain its operations and there is no expectation of change, a static budget may be adequate for its needs.
Answer:
solution below
Explanation:
(gain - loss)x35%
for megan
(5500 - 2242) * 35%
= $1140.3 is owed
a.) for megan
(5500-2100)*35%
= $1190
b. for margaret
(4000-2000) x 35%
=$700
c. For melissa,
It doesnt matter if she took this withdrawal at 65 years of age.
d. for morgan
110 - 100 = 10 this is the gain per share
total gain = 10 x 100 = 1000
income tax = 1000 x 0.35 = 350 dollars
e. for murphy,
his income tax would fall by
4000 x35% = 1400.
After this, selling the stock would have no effect on current taxes.
