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2 years ago

Describe 'the market place'

1 answer:

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A marketplace is any location, whether in person or online, that facilitates the exchange of goods between buyers and sellers. A marketplace business model differs from that of a retail store, because transactions happen in both directions, not just one.

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Mustang Corporation has accumulated the following accounting data for the month of April: Finished goods inventory, April 1$32,4

nataly862011 [7]

Answer:

$128,900

Explanation:

Cost of goods sold calculation

Opening Finished goods inventory $32,400

Add cost of goods manufactured $122,900

Less Closing Finished goods inventory ($26,400)

Cost of goods sold $128,900

therefore,

The cost of goods sold for the year is $128,900.

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3 years ago

Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $490,000 and an average tax rate of 32%. S

notka56 [123]

Answer:

1). EBIT = Sales - Expenses - Depreciation

= $490,000 -($49,000 - $24,500 - $73,500 - $98,000 - $73,500 - $49,000) - $14,700

= $490,000 - $367,500 - $14,700

= $107,800

2. Net Income = [EBIT - Interest] x [1 - t]

= ($107,800 - $24,500) *(1 - 32%)

= $83,300 * 0.68

= $56,644

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3 years ago

A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos

MAVERICK [17]

Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of $ 35,000

purchase 12,000 at $9 each = $ 108,000

total units available for sale 17,000

ending <u> (4,000) </u>

sold units: 13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 = 7,000

total cogs = 108,000 +7,000 = 115,000

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4 years ago

Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste

finlep [7]

Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

4 0

4 years ago

Suppose the government imposes a 20-cent tax on the sellers of artificially-sweetened beverages. The tax would shift a. demand,

Sedbober [7]

Answer:

b. supply, raising the equilibrium price and lowering the equilibrium quantity in the market for artificially sweetened beverages.

Explanation:

In the case when the government impose the tax of 20% on sweetened beverages so here the price should be increased but at the same time the quantity is decreased as the supply curve shifted to the leftward where the demand curve is not impacted at all due to this things the price increased and the demand is decreased

Therefore the option b is correct

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3 years ago

Describe 'the market place' ​

Describe 'the market place'