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2 years ago

Khalifa’s friend, Khalid, has told him that managing the finances of the business is very important.

Business

1 answer:

Y_Kistochka [10]2 years ago

5 0

Answer:

Fixed costs are usually negotiated for a specified time period and do not change with production levels. ... Examples of fixed costs include rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.
Variable costs are dependent on production output. ... Examples of variable costs are sales commissions, direct labor costs, cost of raw materials used in production, and utility costs. The total variable cost is simply the quantity of output multiplied by the variable cost per unit of output.
Fees earned from providing services and the amounts of merchandise sold. Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. ... Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances.
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. ... Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.

Explanation:

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Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch.

ivann1987 [24]

Answer: initially Sam gross profit would drop. But overtime when he starts gaining customers in his new branch added to the already existing customers in his old branch there would a very large gross profit increase.

Explanation: Gross profit is the percentage of revenue a company retains after accounting for cost of goods/services.

In this case payment of staffs in both the old and new branches would be accounted for, with the new branch still very much dependent on the old branch for payment of staff until it can get its own customers, only then would the new branch be able to be self reliant and also make profit.

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3 years ago

Read 2 more answers

MIT economist Jerry Housman has estimated the price elasticity of demand for Post Raisin Bran cereal to be -2.5 and the price el

Diano4ka-milaya [45]

Answer:

The demand for Post Raisin Brand cereal is: ELASTIC

the demand for all types of breakfast cereals is: INELASTIC

Explanation:

To calculate the price elasticity of demand (PED) we can use the following formula:

PED = % change in quantity / % change in price

If PED > 1, the demand is price elastic
If PED = 1, the demand is price unitary
If PED < 1, the demand is price inelastic

*The PED always results in a negative number, e.g. price deceases, quantity increases, but for practical reasons we convert the negative number into a positive (we use absolute values) when we are determining the elasticity.

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3 years ago

When you are using money to purchase a new mp3 player, money is serving as a:?

m_a_m_a [10]

The choices were A) store of value. B) medium of exchange. C) unit of account. D) double coincidence of wants

The answer is B) medium of exchange. The money was used as a medium to purchase a product. It can be observed on different transactions of customers to obtain their needed item. It can be a necessity or a want that person must have.

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3 years ago

Dividing responsibility among some of the team members is effective delegation

konstantin123 [22]

Answer:true

Explanation:

Because dividing tasks get more accomplished faster

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2 years ago

Joshua borrowed $1,400 for one year and paid $70 in interest. The bank charged him a service charge of $12. If Joshua repaid the

Katen [24]

Answer: 10.81%

Explanation:

The annual percentage rate is the percentage cost of credit on yearly basis.

APR will be calculated

= [(2 x n x I) /( P x ( N + 1)]

where,

n = number of months = 12

I = Finance cost = Interest + service charge = $70 + $12 = $82

P = Borrowed amount = $1,400

N= Loan period = 12

We'll then slot the values into the annual percentage rate (APR) formula and this will be:

= ( 2 x n x I) /( P x ( N + 1))

= ( 2 x 12 x 82) /( 1400 x ( 12 + 1))

= 0.1081

=10.81 %

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2 years ago