Answer:
This allows WeBuy&Sell.com to earn high profits at a very low cost. According to the given scenario, WeBuy&Sell.com has high scalability.
Explanation:
In an economic context, a scalable business model implies that a company can increase sales given increased resources.
Answer:
Correct answer is B, $2,500
Explanation:
To get profit, First, deduct variable cost from sales for the period to get the contribution margin. Finally, Deduct fixed cost from contibution margin to get the profit for the period.
Computation would be:
Sales (1,000 x 7) $7,000
Less: Variable cost (1,000 x 3) <u>$3,000</u>
Contribution margin $4,000
Less: Fixed cost (1,000 x 1.5) <u>$1,500</u>
Profit $2,500
*<em>It can also be done by deducting variable cost from the selling price to get the unit contribution margin then deduct the fixed cost from the unit contribution margin and from it multiply the output sold to get the profit.</em>
A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
Bank reconciliation is the way in which the bank balance is compare with cash balance in order to detect and rectified any discrepancies or error.
Important of Bank reconciliation includes:
• It enables company's or organizations to know the actual position of their bank balanc
•It help to detect errors
•It help to detect fraud
•It help to prevent fraud
•It help to prevent embezzlement of money.
•It help to verify the accuracy of both the bank balance and the cash balance.
Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
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Answer: A. Liberia lacks the institutions necessary to make productive use of those resources.
Explanation: Liberia is a nation rich with natural resources including iron ore, gold, diamonds, natural rubber, vast forest for logging and timber harvesting, and vast agriculture land for ensuring food security.
Liberia is Africa's oldest republic, but it became known in the 1990s for its long-running, ruinous civil war and its role in a rebellion in neighboring Sierra Leone. Around 250,000 people were killed in Liberia's civil war, and many thousands more fled the fighting.