1. What is the "Term" for the Lease and Financing of a Car mean?

Santos Corporation gathered the following information for the fiscal year ended December 31, 2020: Sales $1,500,000 Operating ex

kirill115 [55]

Answer:

Income from operations 380,000

Loss on sale of equipment 40,000

Pretax income 340,000

Tax at 30% 102,000

Net Income 238,000

Explanation:

1 Santos Corporation

Income statement

For the year ended December 31, 2020

Sales................................ $1,500,000

less: Cost of goods sold $960,000

Gross Profit $540,000

Less: Operating expenses 160,000

Income from operations 380,000

2 Santos Corporation

Income statement

For the year ended December 31, 2020

Income from operations 380,000

Loss on sale of equipment 40,000

Pretax income 340,000

Tax at 30% 102,000

Net Income 238,000

5 0

4 years ago

The cross-price elasticity of demand measures the absolute change in the quantity demanded of one good divided by the absolute c

lisov135 [29]

Answer:

percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.

Explanation:

Demand cross-elasticity is the measure of the relative change in the quantity demanded for a good or service (A) as a function of a certain relative change in the price of another good or service (B) considered to be a substitute for or complementary to the first (A). For example, how much would increase the amount of margarine demanded if there was an increase in the price of butter. The formula for calculating the cross elasticity of demand consists in dividing the relative change in the quantity demanded of a good divided by the relative change in the price of the substitute good.

7 0

3 years ago

Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per

disa [49]

Answer:

competitive bid.

Explanation:

This is an example of competitive bid.

3 0

3 years ago

Orange Superstore is largely customer centric and economical in its methods. The store sells the best quality products at prices

balandron [24]

Answer:

The correct answer is letter "D": cost advantage strategy.

Explanation:

Cost advantage strategy is a technique implemented by companies to provide equal benefits to consumers at a lower price than competitors. Firms achieve this practice by maximizing the utilization of technology, processes, and resources. If a company implements and sustains operations with a cost advantage strategy it is said it has obtained a comparative advantage.

7 0

3 years ago

The contract starts on July 1, 2018. Under the terms of the contract, Emmett will be paid a fixed fee of $50,000 per year and wi

abruzzese [7]

75,000$

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7 0

3 years ago