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3 years ago

What isa premises account

Business

1 answer:

ss7ja [257]3 years ago

6 0

Answer:

A current asset is any asset that will provide an economic value for or within one year. Premises, or the property where business is done, is a part of the property, plants, and equipment, or PP&E, account. All PP&E has a useful life longer than one year, premises included, so it is considered a non-current asset.

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Why do governments regulate natural monopolies?

ss7ja [257]

The government may wish to regulate monopolies to protect the interests of consumers. For example, monopolies have the market power to set prices higher than in competitive markets. The government can regulate monopolies through price capping, yardstick competition and preventing the growth of monopoly power.

7 0

3 years ago

Read 2 more answers

A local college of business offers an outstanding graduate business school education program. Marissa pays the tuition to attend

rewona [7]

Answer:

Yes, it was a marketing exchange

The payment made of the tuition was exchanged for the knowledge that led Marissa to the new paid and satisfactory job.

Explanation:

Given that changing means taking one thing for another, in the context of marketing, we understand by exchange relationship an act of communication where the parts involved (two or more) make the offer and reciprocally deliver something of value ( comparison with other objects) and useful (measure of the satisfaction obtained when receiving something of value) that passes to the other part.

3 0

4 years ago

Baltimore Baking is preparing its cash budget and expects to have sales of $30,000 in January, $35,000 in February, and $35,000

Tcecarenko [31]

Answer:

The correct answer is $33,000.

Explanation:

According to the scenario, the given data are as follows:

Jan sales = $30,000

So, Amount collected in March of Jan. = 40% x $30,000 = $12,000

Feb sales = $35,000

So, Amount collected in March of Feb. = 40% x $35,000 = $14,000

Mar. sales = $35,000

So, March cash sales = 20% x $35,000 = $7,000

So, we can calculate the total cash receipts in march by using following formula:

Total cash receipts in march = Amount collected in March of Jan + Amount collected in March of Feb + March cash sales

= $12,000 + $14,000+ $7,000

= $33,000

6 0

3 years ago

The managers of Rug Emporium, a large rug store, decide to have a sale. The store manager works with the advertising department

BartSMP [9]

Answer:

This scenario best describes a Sales Promotion

Explanation:

Sales promotion is a strategy that involves reducing the price of products to clear out inventories, attract traffic, and to lift sales temporarily.

It could also be used as a medium to introduce a new product,

Same applies when a large rug store, decide to have a sale.

To achieve the aim of sales promotion, the store manager works with the advertising department to make the public aware of the sale.

A proactive manager also makes provision for enough salespeople to handle the increased customer traffic, and ensure that the manufacturers of the product is able to meet expected consumer demand.

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4 years ago

Cane Company manufactures two products called Alpha and Beta that sell for $125 and $85, respectively. Each product uses only on

Lana71 [14]

Answer:

disadvatageous for 126,000 dollars

It should be rejected.

Explanation:

$\left[\begin{array}{cccc}&$Units&$Cost&$Total\\$Special Order&11,000&84&924,000\\$Variable Cost&11,000&-60&-660,000\\$Rejected local&-6000&65&-390,000\\Net Income&&&-126,000\\\\\end{array}\right]$

The units will generate revenue for 924,000

but will take variable cost for 60 units each thus: 660,000 cost

Also accepting this order has the opportunity cost of resing to the contribution of 6,000 units in the local market:

normal contribution: 125 - 60 = 65

opportunity cost: 6,000 x 65 = 390,000

This makes the order disadvatageous for 126,000 dollars

6 0

4 years ago

What isa premises account ​

What isa premises account