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klemol [59]
2 years ago
5

What are two ways that a small business typically uses it’s profits?

Business
1 answer:
ArbitrLikvidat [17]2 years ago
5 0

Answer:

Profit arises when total sales exceed total cost for a period. Once a profit has been made, the owners of the business have a choice: Take the profit out of the business (e.g. pay a dividend to shareholders) Retain the profit in the business – either in cash or by investing the profit into new assets.

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Suppliers are more likely to be powerful relative to the firms to which they sell their goods and services if: a. differentiatio
aleksandrvk [35]

Answer:

Option D is the correct option

Explanation:

The bargaining power of the supplier is only high when the products of other supplier are not highly differentiated, presence of fewer suppliers of the product, fewer substitutes are possible and the costs of the existing supplier are high (Rivalry would be low). All this constitutes to competitve advantage to a firm if its product possesses differentiation, its products can be substituted, possesses greater control over costs, etc. So the only option that matches this criteria is option D.

7 0
3 years ago
Read 2 more answers
What are sources of income that can be used for debt service on municipal revenue bonds?
Zolol [24]

Answer:

Municipal Revenue bonds are bonds that are serviced from the income accrued from a project that the bond was used to embark on.

They can therefore be serviced by a variety of income methods that accrue from the projects such as;

  • User fees for using the asset built
  • Special taxes
  • Lease rentals in cases where the asset is leased out
  • Excise taxes
  • Other Non Ad-valorem taxes that result from benefits attached to usage of the asset built.

3 0
3 years ago
Merchandise accounts and computations LO C2. Kleiner Merchandising Company Accumulated depreciation $700 Beginning inventory 11,
Assoli18 [71]

Answer:

(A) Kleiner Merchandising Company:

Goods available for sale = $24,500

Cost of goods sold = $17,900

Gross profit = $3,600

Net income = $1,550

(B) Krug Service Company:

Net income = $16,300

Explanation:

(A) Kleiner Merchandising Company:

Goods available for sale:

= Beginning inventory + Net purchases

= $11,000 + $13,500

= $24,500

Cost of goods sold:

= Goods available for sale - Ending inventory

= $24,500 - $6,600

= $17,900

Gross profit = Net sales - Cost of goods sold

                    = $21,500 - $17,900

                    = $3,600

(b) Kleiner Merchandising Company:

Gross profit = $3,600

Net income = Gross profit - Expenses

                   = $3,600 - 2,050

                   = $1,550

Krug Service Company:

Net income = Revenues - Expenses

                   = $26,000 - $9,700

                   = $16,300

4 0
3 years ago
A high accounts receivable turnover indicates__________.a. customers are making payments quicklyb. a large portion of the compan
zheka24 [161]

Answer:

Correct answer is (a) customers are making payments quickly

Explanation:

Accounts receivable turnover analysis is used to determine if a company is experiencing problem collecting the sales make on credit from the customers. A high receivables turnover ratio can indicate that a company's collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly

3 0
4 years ago
Read 2 more answers
A company wants to use data from past promotional mailings to identify people who would likely respond favorably to future maili
irga5000 [103]

Answer: Data mining

Explanation:

Data mining is seeking for valid, hidden and likely useful patterns in large data sets. It is about finding previously unknown relationships that exist amongst the data.

Data mining also known as knowledge discovery, information harvesting or knowledge extraction is a multi-disciplinary competence that uses statistics, machine learning, artificial intelligence and database technology. The information gotten from data mining are used for marketing, detection of fraud, and scientific discovery.

3 0
3 years ago
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