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3 years ago

16. The process of selling goods and services to a customer to earn a profit is called;

Business

1 answer:

dedylja [7]3 years ago

7 0

Answer:

The process of selling goods and services to a customer to earn a profit is called the marketing concept.

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Karen Price has determined that her net worth is $56,000, excluding her home. She owes $80,000 on her mortgage and $13,000 on a

Rus_ich [418]

Answer:

Explanation:

Net worth is the difference between a person's (assets - liabilities)

Based on the balance sheet equation; Assets = Liabilities + Equity , meaning that Assets - Liabilities = Equity .

With the above two equations, Net worth = Equity = $56,000

Debt-to- Equity ratio = Debt/ Equity

<em>Note: $80,000 mortgage will not be included as debt to avoid double counting error since it is is a pay towards a home(asset) already incorporated in the $56,000 net worth.</em>

So, D/E = 13,000 / 56,000

D/E = 0.2321

8 0

4 years ago

In 3–5 sentences, describe how good e-mail work habits increase workplace efficiency and productivity.

Anni [7]

Email work habits are very important especially in a work place. They transport messages to others in a very motion. CEOs need them because without them, the work system would fail. So if work places did not have emails then the production of work and efficiency would deteriorate.

3 0

3 years ago

Read 2 more answers

MC Qu. 99 The Work in Process Inventory account... The Work in Process Inventory account of a manufacturing company that uses an

Vikki [24]

Answer:

202%

Explanation:

Calculation to determine what the company's overhead application rate is

First step is to calculate the Total manufacturing overhead using this formula

Total manufacturing overhead = Overhead rate - Direct material cost - Direct labor cost

Let plug in the formula

Total manufacturing overhead =5220 - 2,200 - 1000

Total manufacturing overhead =2020

Now let determine the overhead application rate using this formula

Overhead application rate=Total manufacturing overhead/Direct labor cost

Let plug in the formula

Overhead application rate=2020/1000*100

Overhead application rate=202%

Therefore, the company's overhead application rate is:202%

4 0

3 years ago

Sandra's automobile, which is used exclusively in her trade or business, was damaged in an accident. The adjusted basis prior to

strojnjashka [21]

Answer:

The Sandra's adjusted basis for the automobile after the casualty will be $7000.

Explanation:

Sandra's adjusted basis after accident can be taken out using the following procedure -

ADJUSTED BASIS BEFORE ACCIDENT

LOSS DEDUCTION

INSURANCE PROCEEDS

we have been given the value of adjusted basis before accident = $11,000 and insurance proceeds as = $3200, but we have to find the value of loss deduction.

LOSS DEDUCTION =

VALUE DECLINE - INSURANCE PROCEEDS

Where value decline is the difference between the market value of automobile before and after accident and insurance proceeds - ($10,000 - $6000) - $3200

VALUE DECLINE - $4000 - $3200

= $800

Now putting all the values in the procedure -

= $11,000 - $800 - $3200

= $7000

5 0

3 years ago

In each of the following cases, calculate the accounting break-even and the cash break-even points. Ignore any tax effects in ca

alex41 [277]

Answer:

Case 1.

Accounting break-even:

= (Fixed Costs + Depreciation) ÷ (Unit Price - Unit Variable Cost)

= ($7,120,000 + $1,850,000) ÷ ($3,340 - $2,655)

= 8,970,000 ÷ 685

= $13,094.8905

cash break-even:

= Fixed Costs ÷ (Unit Price - Unit Variable Cost)

= $7,120,000 ÷ ($3,340 - $2,655)

= $10,394.1606

Case 2.

Accounting break-even:

= (Fixed Costs + Depreciation) ÷ (Unit Price - Unit Variable Cost)

= ($86,000 + $340,000) ÷ ($141 - $79)

= $426,000 ÷ 62

= $6,870.96774

cash break-even:

= Fixed Costs ÷ (Unit Price - Unit Variable Cost)

= $86,000 ÷ ($141 - $79)

= $1,387.09677

Case 3.

Accounting break-even:

= (Fixed Costs + Depreciation) ÷ (Unit Price - Unit Variable Cost)

= ($3,600 + $760) ÷ ($30 - $7)

= $4,360 ÷ 23

= $189.565217

cash break-even:

= Fixed Costs ÷ (Unit Price - Unit Variable Cost)

= $3,600 ÷ ($30 - $7)

= $156.521739

8 0

3 years ago