Answer: Incomplete question.
Match the following terms to there definition.
Explanation:
1. Tells whether a company can pay all its current liabilities if they become due immediately - Quick Ratio
2. Measures a company's success in using assets to earn income - Return on Assets
3. The practice of comparing a company with other companies that are similar - Benchmarking
4. Indicates how rapidly inventory is sold - Inventory turnover
5. Shows the proportion of a company's assets that is financed with debt - Debit Ratio
6. Tells the percentage of a stock's market value that the company returns to stockholders annually as dividends - Dividend Yield
7. Measures a business's ability to pay interest on its debt - Interest coverage ratio
8. Measures a company's ability to collect cash from credit customers -
Account Receivable Turnover
The incremental income to process further for Maxim company equals to $30,000.
<h3>What is an Incremental income?</h3>
This means the profit that a business gains from an increase in sales.
It is gotten when there is an additional revenue generated by a certain product.
The Net income to be generated from Green health equals:
= Revenue - Cost
= $90,000 - $28,000
= $62,000
The Net income to be generated from Premium Green equals:
= Revenue - Extra cost
= $98,000 - $6,000
=$92,000
<h3>What is Incremental income to Process further?</h3>
= $92,000 - $62,000
= $30,000
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Answer:
have greater marginal utility than existing substitute products
Explanation:
Utility is the satisfaction derived from consuming a good or service. Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.
Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.
Answer:
c) activities through which a product or service is created and delivered to customers.
Explanation:
A value chain is the entire range of activities that a company undertakes to create a product or a service. These activities include design, production, marketing and distribution. A manufacturing company will have its value chain processes start with the procurement of raw materials and end when the product is sold.
Companies will, from time to time, perform value chain analysis. Value chain analysis involves a detailed examination of all the business processes and procedures. The purpose of the analysis is to improve the efficiency of the value chain. An efficient system of production has cost-saving benefits to the organization.
Answer:
d. debit to an expense account and a credit to an asset account.
Explanation:
When a prepayment is made, the entries recorded are Debit prepaid expense and credit Cash account to recognize the amount prepaid.
As time passes and the expenses are incurred, the entries required are debit expense account and credit prepaid expense (an asset) with the amount of the expense incurred as a result of the passage of time.
