The difference between revenue and cost of goods sold is called:
gross profit
owner's equity
cost of goods sold
net income before taxes
Answer:
gross profit
Explanation:
Revenue is the income gained through the sales of goods and services to customers. It is the money received from customers when they buy from a business.
Costs of goods sold are the expenses incurred in producing goods meant for sales. It is composed of the direct cost of the manufacturing process. Costs of goods sold include direct materials, direct labor costs, and direct overhead costs.
Gross profit is equal to sales minus direct costs. Revenue is the same as sales, and direct costs are similar to the costs of goods sold. Therefore, revenue minus costs of goods sold is equal to gross profit.
MY STORE bought sweaters at a wholesale price of $12 and sold them for $34.99. Ron says the markup is $46.99 but you say he is wrong. Show Ron how to find the markup amount.
Retail price= (wholesale price x markup %) + wholesale
Markup %= (retail - wholesale) x 100/wholesale
Discount= (OG price x discount %)
Sale price= OG price - discount
Discount %= (OG price - sale price) x 100/OG price
Answer:
Markup %= (retail - wholesale) x 100/wholesale
Explanation:
Mark up is the difference between the selling price and the buying price. It represents profits that a business makes or desires to make from the sale of an item.
Mark-up is expressed as a percentage of the buying price. For my store, profits will be calculated by getting the difference between the wholesale price( buying price) and the selling price( retail price).
Mark will be = retail price- wholesale price x 100
wholesale price.
Read the excerpt from "Elon Musk.”
Musk worked for his goal of space travel. At the same time, he wanted to improve travel at home. He still thought about his third area of interest. He thought that less gasoline should be used for cars. In 2003, Musk invested in an electric car company called Tesla Motors. Later, Musk became head of the company.
Which inference does this passage most support?
Elon Musk is good at designing cars.
Elon Musk is good at traveling in space.
Elon Musk is good at conserving gasoline.
Elon Musk is good at juggling multiple tasks.
Answer:
Elon Musk is good at juggling multiple tasks.
Explanation:
right on edge
If your answer is zero, enter "O". a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $2,340 a month until their daughter is 18 years of age. At that time, the required payments are reduced to $1,638 per month 1. How much of each $2,340 payment may be deducted as alimony by Joan? 2. How much of each $2,340 payment must be included in Bill's taxable income? 3. How much would be deductible/included if the divorce agreement were dated 2019? b. Under the terms of a property settlement executed during 2018, Jane transferred property worth $577,350 to her ex-husband, Tom. The property has a tax basis to Jane of $461,880 1. How much taxable gain must be recognized by Jane at the time of the transfer? 2. What is the amount of Tom's tax basis in the property he received from Jane?
Answer:
$2,400 in 2019 are deductible as alimony.
Step-by-step explanation:
Hillary get divorced in the year = 2016
She has to pay her ex-spouse $200 per month until her son reaches 18 years of age in 7 years.
His son will reach of the age of 18 = 2016 + 7 = 2023
She has to pay $200 till 2023 and $120 thereafter.
Her payments are deductible as alimony in 2019 would be = $200 × 12
= $2,400
$2,400 in 2019 are deductible as alimony.
$2,400 in 2019 are deductible as alimony.
Hillary get divorced in the year = 2016
She has to pay her ex-spouse $200 per month until her son reaches 18 years of age in 7 years.
His son will reach of the age of 18 = 2016 + 7 = 2023
She has to pay $200 till 2023 and $120 thereafter.
Her payments are deductible as alimony in 2019 would be = $200 × 12 = $2,400
What is an alimony?Alimony is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce. The obligation arises from the divorce law or family law of each country. The purpose of alimony is to limit any unfair economic effects of a divorce by providing a continuing income to a non-wage-earning or lower-wage-earning spouse.
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which is the other term for creative thinking?
If a business experiences a loss for three years straight, the _______ concept tells us to assume the business will continue operations regardless.
Explanation:
Do you have any answer choices? Are do you have to find the blank?
Tom Gregory is the practice manager for a local urologist. The practice has a detailed set of financial policies dealing with required payments from patients, but the staff have not been enforcing the policies and patients are not familiar with the requirements or the reasoning behind these policies. How does Mr. Gregory address this issue?
Answer:
Take actions by sending the due payments to a collection company.
Explanation:
Collection companies specialise in recovery of funds that are due. These companies can be used by lenders or creditors to get back their money from clients.
The creditor pays the collection company an agreed percentage of funds recovered.
In this scenario staff have not been enforcing the payment policies and patients are not familiar with the requirements or the reasoning behind these policies.
There is a need for specialists that are conversant with the policies to make the collection process efficient
What is a appropriately
What is a Procedure
What is a Enthusiasm
What is a Conflict
What is a Technique
What is a Obtain
What is a conflict management
have a great day
Answer:
-What is a appropriately?
in a manner that is suitable or proper in the circumstances.
-What is a Procedure?
an established or official way of doing something.
-What is a Enthusiasm?
Enthusiasm is intense enjoyment, interest, or approval. The word was originally used to refer to a person possessed by God, or someone who exhibited intense piety.
-What is a Conflict?
a serious disagreement or argument, typically a protracted one.
-What is a Technique?
A technique is a method of doing some task or performing something.
-What is a Obtain?
to come into possession of; get, acquire, or procure, as through an effort or by a request: to obtain permission; to obtain a better income.
-What is a conflict management?
Conflict management is the process of limiting the negative aspects of conflict while increasing the positive aspects of conflict
(^o^)
Answer:
i dont know the answer because i dont know the question
Explanation:
Productivity is a measure of:
O
A. the investment required to get a business started.
O B. the profits generated by a single economic decision.
оо
c. the amount of input needed to create a certain output.
D. the growth of a business over a defined period.
Answer:
c. the amount of input needed to create a certain output.
Explanation:
Productivity measures the efficiency in the use of the company's resources in the production process. The term productivity is associated with reduced wastage, high quality, and a high input to output ratio.
Productivity is about how well a company uses inputs to generate output. It is measured by calculating the volume of output per hour or comparing the total output against the number of employees.
What is the first step in diffusing a conflict with an angered customer?
A. elevate the problem to the appropriate person
B. document the situation for analysis
C. assess the situation
D. let the customer vent
The assets (what a business owns), liabilities (what a business owes), and capital (how much a
business is worth) are shown on a(n):
income statement
profit and loss statement
balance sheet
cash flow statement
Answer:
balance sheet
Explanation:
Businesses are required to prepare a balance sheet at the end of every financial year. The balance reports the net worth of a company. It lists all the assets and their values on one side and liabilities and equity on the side. The balance sheet follows the accounting equation to indicate the total assets on one side. It shows how the assets have been financed through liabilities and equity.
what kind of motion is one dimensional motion?
Answer:
Translational motion
Explanation:
One dimensional motion simply means the movement of an object or body along one single plane, the plane of motion is usually a straight line. Rectilinear or translational motion ias a ckas of motion which uni-dimensional. Motion which occupied along a single plane includes, movement of cars along a straight line or path, the motion of a shot gun or the motion of athletes along a 100m shirt distance run. Hence, bodies which moves along a straight path could be said to exhibit a one dimensional state of motion.
Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Catholic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of to identify a replacement for him.
The correct question is:
Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Catholic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of _____________ to identify a replacement for him.
Answer:
Succession planning
Explanation:
Succession planning is the process by which new leaders in an organisation are identified and developed to adequately fill in the role of departing leaders.
This process is important as it prepares experienced staff to take up responsibility in cases of resignation, retirement, or death of a leader.
In the given instance Brother Ed Phalen served as the Executive Director of the center for more than two decades.
Considering his retirement he would need to get someone to take over leadership role from him.
So he and the the board of directors will need to begin a succession plan to identify his replacement
1.XYZ company had a total profit of $500,000. XYZ's expenses were $200,000. What is the net profit for XYZ company?
Answer:
$300,000
Explanation:
Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)
Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.
Answer:
Trucks can go anywhere that there are roads.
Explanation:
Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.
Organization use marketing research to gather data about ___. (Select all that apply)
•New products they are considering
•their customers preferences
•their customers
•employees they want to hire
Answer:
•New products they are considering
•their customers preferences
•their customers
Explanation:
Market research entails collecting data from potential and existing customers. Researchers have to interact with customers through questionnaires or interviews. The objective is to seek their views, perceptions, or preferences regarding the company and its products. Market research may target to find out the viability of new products or customer tastes and preferences.
Data relating to the potential employees is not gathered through market research.
Food, shelter, and clothing are examples of:
Answer: your basic needs :c
Explanation:
Answer:
Important Resources. Needs. Stuff a homeless person wants. (Give to the homeless tho)
Explanation:
Which of the following demonstrate a healthcare worker using strategies for managing people? choose all that apply
a surgeon who has a positive attitude that motivates her assistants
a doctor who explains a hospital’s goals to an employee he recently hired
an office manager who avoids pointing out an employee’s low-quality work because she does not want to hurt his feelings
a new employee who agrees to work extra hours during a busy time at a hospital
a nurse who becomes friends with another nurse
a dentist who thanks her assistant for doing good work
Answer:
1,2,6
Explanation:
You're welcome <3
What is one advantage and one disadvantage of the global economy for American workers
An advantage is that American workers can be paid higher wages for the work they do which is also more specialized. A disadvantage of that at the same time is that they get less jobs in the end as its cheaper to employ workers overseas in China.
The advantage is that American workers can be paid higher and a disadvantage is that same time get fewer jobs and end up as cheap employees.
What is the global economy?A global economy is the economy of all human beings that is the world economy and refers to the global economic system that includes all economic activities that are connected within and between the nations. They include the protection, consumption, and exchange of finances.
The advantage of America is that they are paid higher as per specialisation but at the same time they have fewer jobs to offer that makes them low employees.
Find out more information about the global economy.
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a marketing plan and operating budget are two components of
a.a long range planning
b. a business plan
c. short range planning
d. a staff planning
Depreciation is included on a balance sheet to show that
some accounts are uncollectible:
some assets have been sold
some fixed assets have lost value over time
some expenses have not been paid
Answer:
some fixed assets have lost value over time
Explanation:
Depreciation is the decline in the value of an asset due to usage, corrosion, or wear and time. Some fixed assets, especially plants and machinery, equipment, and motor vehicles, will always depreciate in value as they age. Depreciation spreads the cost of an asset over many years. The depreciation amount is calculated and subtracted from the cost of the assets or book vales at the end of the financial year.
definition of a stakeholder
Selected transactions for Sophie's Dog Care are as follows during the month of March. 1 Paid monthly rent of $910. 3 Performed services for $110 on account. 5 Performed services for cash of $55. 8 Purchased equipment for $455. The company paid cash of $60 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $400. 22 Paid utilities of $54. 24 Borrowed $1, 140 from Grafton State Bank by signing a note. 27 Paid $170 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $1, 370 for six months of insurance. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer:
1 Paid monthly rent of $910.
Dr Rent expense 910
Cr Cash 910
3 Performed services for $110 on account.
Dr Accounts receivable 110
Cr Service revenue 110
5 Performed services for cash of $55.
Dr Cash 55
Cr Service revenue 55
8 Purchased equipment for $455. The company paid cash of $60 and the balance was on account.
Dr Equipment 455
Cr Cash 60
Cr Accounts payable 395
12 Received cash from customers billed on March 3.
Dr Cash 110
Cr Accounts receivable 110
14 Paid wages to employees of $400.
Dr Wages expense 400
Cr Cash 400
22 Paid utilities of $54.
Dr Utilities expense 54
Cr Cash 54
24 Borrowed $1,140 from Grafton State Bank by signing a note.
Dr Cash 1,140
Cr Notes payable 1,140
27 Paid $170 to repair service for plumbing repairs.
Dr Repairs expense 170
Cr Cash 170
28 Paid balance amount owed from equipment purchase on March 8.
Dr Accounts payable 395
Cr Cash 395
30 Paid $1, 370 for six months of insurance.
Dr Prepaid insurance 1,370
Cr Cash 1,370
Suppose you have three choices as to what to do for two hours on Sunday afternoon: work around the house, earning $3.50 an hour; baby-sit for your neighbor earning $10 an hour; or go to the movies and pay $6 for a ticket. You choose to go to the movies. What is your opportunity cost?
Answer:
the opportunity cost is in the case when you choose to go to the movies is $20
Explanation:
The computation of the opportunity cost is in the case when you choose to go to the movies is shown below:
= Earning per hour × number of hours
= $10 × 2 hours
= $20
Hence, the opportunity cost is in the case when you choose to go to the movies is $20
Why did the United States interfere in Iran in the 1950s? What was the result of their interference?
Answer:
Because Iran has oil and sells it to U.S. Iran minister doesn't want to do business with U.S. anymore.
Explanation:
The results were the U.S. would sponsor in Iran to replace existing gov't to be more western friendly.
Calculate the net pay using the following information:
Gross pay = $700
FICA tax = $55.90
Federal taxes = $85
State taxes = $20.44
Local taxes = $0
Health insurance =$47.50
Net pay = ?
Answer:
$ 491.1
Explanation:
Net pay is the take home pay salary. it is calculated by subtracting all deduction from the gross pay
Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59
Total deductions = 208.84
Net pay = Total sales - taxes
=$700 - $208.84
=$ 491.36
Maria is a recruiter with a bachelor's degree in business administration. She is well respected among her peers for her professional standards and understanding of the HR field. However, she has noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. The most likely reason for this is because Maria:________.
Group of answer choices.
A. Is not warm enough to the applicants.
B. Is perceived as less credible because she is an HR specialist.
C. Does not give applicants enough information, leaving them with more questions than answers.
D. Comes off as being too professional for someone in the HR field.
E. Is not approaching the candidate with enough skepticism.
Answer:
B. Is perceived as less credible because she is an HR specialist.
Explanation:
Human resources (HR) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of managing and improving the welfare and working conditions of the employees working in an organization.
In this scenario, Maria is well respected among her peers for her professional standards and understanding of the HR field. She noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. Thus, the most likely reason for this is because Maria is perceived as less credible because she is an HR specialist and as such is considered not to have a deep understanding of the field of engineering to recruit a qualified and experienced candidate.
Alicia loses her job part way through 2019. Her employer pays her wages of $15,450 up through her date of termination. After that, she received $3,400 of unemployment compensation from the state until she gets a new job for which she is paid wages of $3,000 through year end. Based on this information, Alicia’s gross income for 2019 is:_________.
Answer:
The right approach is "$21,850". A further solution is provided below.
Explanation:
The given values are:
Employer pays,
= $15,450
Unemployment compensation,
= $3,400
At the end of the year, she paid,
= $3,000
For year 2017,
Alicia Gross income will be:
= [tex]15450+3400+3000[/tex]
= [tex]21,850[/tex] ($)
Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
a. True
b. False
Which of the following is an advantage of renting over
advantage of renting over buying a home?
Answer:
having to make a down payment..
An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.
What is the most significant advantage of renting?The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.
Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.
Thus, the ideal selection is option D.
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