Gross Profit = Revenue - Cost of Goods Sold is the formula for calculating gross profit.
What is Gross profit?Gross profit is the amount of money your company makes after paying its expenses. Your net profit is your earnings after all expenses have been paid. The money that remains after an organization has paid for the products and services it sold is known as gross profit. The amount that is left over after all costs and taxes have been paid is the company's net profit.
The profit a company makes after deducting all of the expenses involved to producing and offering its goods or services is known as gross profit. The cost of goods sold (COGS) is subtracted from your total sales to determine gross profit.
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Who has the comparative advantage in producing wine and who has the comparative advantage in producing cheese?
France has a comparative advantage in producing wine, and Germany has a comparative advantage in producing cheese.
The foundation for why free trade is advantageous to nations is the concept of comparative advantage, which is a fundamental tenet of international trade. The theory of comparative advantage demonstrates that trade can still be advantageous to both trading partners even when one country has an absolute advantage in producing goods.
Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities. According to the theory of comparative advantage, nations will trade with one another and export the items in which they are relatively more competitive.
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The feeding relationships among the species in a community determine the community's?
In order to describe species interactions, food webs are created. The primary objective of food webs is to describe the relationships between animals that are fed within a community.
What is Feeding Relationships?
Each ecosystem's organisms are connected through their ties with their food sources. In every ecosystem, there are a variety of feeding connections, but energy always moves from primary producers to different consumers. Food webs and chains serve as representations of these feeding Relationships. A food chain is a succession of living things that exchange energy through eating and being eaten. Here is a food chain illustration from the video.
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What will happen to the current ratio if current assets increase, while everything else remains unchanged?
The current ratio will increase if current assets increase, while everything else remains unchanged.
This is further explained below.
What is the current ratio?Generally, A liquidity ratio that evaluates a company's capacity to pay short-term debts or those that are due within the next year is called the current ratio.
It explains to investors and analysts how a business may get the most out of the current assets that are shown on its balance sheet in order to pay off its current debt and any other payables.
A current asset is defined as any asset that a company can reasonably expect to sell, consume, or deplete through the normal operations of the business inside the current financial year or an operating cycle, or an economic year.
In other words, a current asset is an asset that will be sold, consumed, or exhausted.
In conclusion, If current assets continue to grow while everything else stays the same, the current ratio will continue to show an upward trend.
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Identify the examples of good internal control designed to protect over-the-counter cash receipts.
The examples of good internal control to protect over the counter cash receipts are as follows-
-Immediately after receiving cash, rewrite them with the restriction "For Deposit" only. Until they may be deposited, keep cash and checks in a closed and secure location. The location should only be accessible to those who have been given special permission.
Make deposits on time. The sooner cash can be deposited, the less risk there is of theft or other loss.All cash receipts must be immediately documented using a cash register.
Receipts should ideally be divided in two parts and numbered. The payer should receive one copy, and the second copy should be kept on file.Cash receipts must not be used for personal expenses, check cashing, making change, or other petty cash transactions.Confirm the deposit by matching the general ledger on the Cash Operations deposit sheet.
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The statement of stockholders' equity includes these amounts:______
These sums are included in the period's ending balance, retained profits, dividends, and net income in the statement of stockholders' equity.
Stockholder equity, often known as shareholders' equity or owners' equity, is the amount of assets left over for shareholders to use after all liabilities have been settled. It is determined by subtracting a company's total assets from its total liabilities, or alternatively by adding its share capital and retained earnings and deducting its treasury shares. Among the possible components of shareholders' equity are common stock, paid-in capital, retained earnings, and treasury stock.
Stockholders' equity can conceptually be used to assess the amount of money a company has kept on hand. If this number is negative, a business may be on the verge of bankruptcy, especially if there is also a substantial debt obligation.
There are two main sources of Stockholder equity, which is also known as the company's book value. The money that was initially and subsequently invested in the business through share offerings is the first source. The company's retained profits (RE), which are accumulated over time as a result of its operations, make up the second source. Retained earnings typically make up the greatest portion, especially when dealing with businesses that have been around for a while.
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Vilfredo pareto is often referred to in opm 311. prof. sheldon says he can make you look smart in your career in one area. what is this topic?
As Prof. sheldon says Vilfredo pareto can make you look smart in your career in one area, this topic includes:
80% of a business's items are typically 15-25% of the revenue generation in that business.20% of a business's items are typically 75-85% of the revenue generation in that business.What is a topic?It means the main subject of discussion in the literary work. It can be in form of a phrase or word which the writer talks or writes about in the essay, story or speech.
Therefore, this topic includes 80% of a business's items are typically 15-25% of the revenue generation in that business and 20% of a business's items are typically 75-85% of the revenue generation in that business.
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In the united states, who receives the goods and services produced depends largely on?
In the united states, who receives the goods and services produced depends largely on how income is distributed. Income distribution refers to how a nation's population is divided among its total GDP. Income and its distribution have long been seen as a primary priority in economic theory and policy. Economic inequality is brought on by unequal income distribution and is a problem in practically every nation on earth.
The income distribution among the main production factors (land, labour and capital). Although they have concentrated more on how income is distributed among people and households, modern economists have also addressed concerns of income distribution. The balance between income inequality and economic growth, and their frequently antagonistic relationship, are significant theoretical and policy challenges.
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Taxpayers have a choice of deducting the standard deduction or their itemized deductions. therefore, blank______ agi deductions are considered to be beneficial to more taxpayers because:
Itemized deductions are thought to benefit more taxpayers because they can be claimed if the total is higher than the standard deduction.
You can deduct what you paid in real estate taxes, personal property taxes, state and local income or sales taxes, mortgage interest, and disaster losses when you itemize your deductions. You can also count charitable contributions and a portion of the money you spent for health and dental care.
If you itemize your taxes, do you get a bigger refund?
The standard deduction may be exceeded by itemized deductions. The more you may deduct, the less tax you'll owe, which is why some people itemize their deductions because the sum of their itemized deductions exceeds the basic deduction. There are numerous deductions that could be made.
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Baltimore company's complete assets and liabilities are accounts receivable $2,350, equipment $9,000, accounts payable $6,500, prepaid rent $2,450, supplies $725, bank loan $4,150, and tools $485. baltimore's total equity is: (all account balances are normal
The total equity of Baltimore is: $4,360
Total Equity: Total equity is the value that remains in the business after total liabilities are subtracted from total assets. Equilibrium is calculated as Equity = Assets - Liabilities.
GIVEN:
Accounts receivable: $2,350
Equipment: $9,000
Accounts Payable: $6,500
Prepaid Rent: $2,450
Supplies: $725
Bank Loan: $4,150
Tools: $485
According to Accounting Equation:
Total Assets = Equity+Liabilities
which implies,
Total Equity= Total Assets-Liabilities
Total Equity= (2,350+9,000+2,450+725+485)-(6,500+4,150)
Total Equity= 15,010-10,650
Total Equity= $4,360
So, the total equity of Baltimore is: $4,360
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A trust in which the owner of the trust assets does not participate or supervise the trust's investment decisions is called a(n) _________ trust.
A blind trust is one where the asset owner doesn't oversee or participate in the trust's investing decisions.
Blind trusts are those that are set up with neither the trustor nor the beneficiary knowing what assets are contained within them once the trust has been established. Until the assets are scheduled to be delivered to the beneficiaries or, in the case of revocable trusts, until the trustor terminates the trust, the trustee is in charge of managing the trust.
What distinguishes blind trust from trust?
The primary distinction between a blind trust and other living trust types is that, once the blind trust has been established, neither the trustor nor any of the beneficiaries have any control over the trust or the assets included therein.
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When individuals want to start a new venture, they may obtain many small amounts of money from many people. what is this type of financing called?
When individuals want to start a new venture, they may obtain many small amounts of money from many people. This type of financing is called Crowdfunding.
What is Crowdfunding?Using modest sums of money from a large number of people in a process known as crowdsourcing, a new business endeavor can be financed. With the potential to increase entrepreneurship by broadening the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists, crowdfunding makes use of the readily available, enormous networks of people through social media and crowdfunding websites.
The ability to fund a new business and the amount that individuals may contribute are both subject to restrictions in the majority of jurisdictions. Similar to the limitations on investing in hedge funds, these rules are meant to prevent novice or less wealthy investors from putting too much at risk.
Entrepreneurs now have the chance to raise hundreds of thousands or millions of dollars from anyone with money to invest thanks to crowdfunding. Anyone with an idea can use crowdfunding to present it to interested investors.
Thus, the mode of financing referred to in the question is crowdfunding.
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The case in which the u.s. supreme court first addressed the issue of related services and the idea was:_________
The case in which the U.S supreme court first addressed the issue of related services and the idea was Irving ISD V. Tatro.
The United States' federal judiciary's highest court is the Supreme Court of the United States (SCOTUS). It has final appellate authority over all matters heard in U.S. federal courts as well as state court proceedings involving issues of federal law. In addition, it has exclusive jurisdiction over a select number of matters, including "all Cases involving Ambassadors, other public Ministers, and Consuls, and those in which a State shall be Party." The court has the authority to nullify a legislation for disobeying a constitutional provision thanks to its judicial review power. The Supreme Court was first founded by the First Congress through the Judiciary Act of 1789, and it is now established under Article Three of the U.S Constitution.
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The fundamental purpose for the existence of any organization is described by its?
The fundamental purpose for the existence of any organization is described by its mission.
What is mission?A mission serves as the term that described the concise explanation of the organization's reason and the value of existence.
It should be noted that it explains the organization's purpose and its overall intention which gives support to the vision and serves to communicate purpose , hence fundamental purpose for the existence of any organization is described by its mission.
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In some industries, low switching costs can act as an important barrier to entry.
a. true
b. false
FALSE , In some industries, low switching costs can act as an important barrier to entry.
High switching cost is the barrier to entry not the low switching cost.
Switching cost means customers shifting to the substitute products available in the market.
Barrier to entry is defined as conditions which prevent companies to enter in a market. It limit the competition as no new firm easily join the market.
Some examples of the barrier to entry is high start-up cost, government regulations, high customer switching cost.
Business earn its profit from customers only , if customers will switch to the substitute product , then company will incur high loss. It will act as a barrier to entry.
It protects the market share. Because if no new comer join then market share will not get shared with other new comer.
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Martin electronics has an accounts receivable turnover equal to 12 times. if accounts receivable are equal to $95,000, what is the value for average daily credit sales?
The value for average daily credit sales = 3,166.67
Average daily credit sales = credit sales/360
Credit sales = accounts receivable × receivable turnover
95,000×12 = 1,140,000
1,140,000/360 = 3,166.67
What is average daily credit?
Average Daily Credit Balance is the total principal amount of all Revolving Credit Loans outstanding at the end of each day during any period, divided by the number of days in that period; provided, however, that for any period occurring during the Equipment Loan Availability Period, the Average Daily Credit Balance shall be increased by the total principal amount of all Equipment Loans outstanding at the end of each and every day during such period.
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True or false: today, technology enables small businesses to reach customers across the globe.
The statement "today, technology enables small businesses to reach customers across the globe." is True
This is further explained below.
What is technology?Generally, Technology is the application of scientific knowledge to the practical purposes of human existence, or as it is commonly stated, to the changing and manipulating of the human environment.
Technology can also be defined as the application of scientific knowledge to the practical purposes of animal existence.
Historically, the term "technology" referred to the application of scientific understanding to the pursuit of various practical goals in human existence.
In conclusion, It is accurate to say that "technology now allows tiny enterprises to contact clients throughout the world."
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The total income of everyone in the economy adjusted for the level of base year prices is called:_________
It is known as inflation to adjust everyone's total income for the level of prices in the base year.
Inflation measures how much the prices of various goods and services have risen over a period of time usually a year. Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
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G. an automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. which analytics tools would most likely be used for this scenario?
G, an automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. The analytics tools it would most likely use for this scenario is predictive analytics.
Predictive analytics is a branch of business analytics in which researchers and analysts try to make predictions about the future scenario that a firm is likely to face.
Using a range of historical data, statistical modeling, Big data, data mining, machine learning, and other techniques, a firm tries to anticipate future market trends, the demands, risks and opportunities that would greatly influence business outlook.
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Why do people use impression management? they are sensitive about how others see them they prefer impression management over unfocused interactions they want to protect personal space
People use impression management because they are sensitive about how others see them.
Impression management refers to the ways that people use to attempt to control how they are perceived by others.
By portraying particular impressions about their abilities, attitudes, motives, status, emotional reactions, and other characteristics, people can influence others to respond to them in desirable ways.
People use impression management to reinforce current opinions or attempt to change them depending on their goals.
Impression management uses the control of information to emphasize certain aspects of a situation while diverting attention from other details that could contradict the desired impression.
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Selecting database management system (dbms) software is part of the _____ phase of the database life cycle (dblc).
Selecting database management system (DBMS) software is part of the database design phase of the database life cycle (DLC).
What is a Database management system?A database management system, sometimes known as a DBMS, is essentially just an electronic data storage system. The system gives users the option to perform a wide range of operations on it, either for maintaining the database structure itself or for changing the data in the database. Database management solutions are categorized using data structures or kinds (DBMSs).
On a mainframe, z/OS can be utilized with relational, hierarchical, network, and inverted list databases.
Mainframe sites commonly employ a hierarchical architecture when the data structure—rather than the data values—of the data required for an application is mainly static.
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An advantage that bureaucrats in federal government have over the president in the policymaking process is that bureaucrats.
The correct answer is option 3. They usually have a continuity of service in the executive branch that the President lacks.
The federal bureaucracy is the creation of Congress and the president. However, agencies autonomously set policy and exercise power. They legislate through rulemaking, carry out their missions through implementation, and resolve conflicts by listening to grievances, pursuing cases, and making decisions.
When formulating policies, bureaucrats have one major advantage over the president: They typically have a continuity of service in the Executive branch that the President does not.
The modern bureaucracy has several benefits, including:
It is relatively shielded from the whims of the President, and many of its bureaucrats are not appointed by politicians.The majority of bureaucrats are experts in their fields.There are fewer bureaucrats per person in the United States than in other industrialized countries.Red tape is unbiased and might possibly assist maintain fairness.Read more about Bureaucracy:
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An advantage that bureaucrats in the federal government have over the President in the policymaking process is that bureaucrats
1. control the budgetary process
2. have an independence from the President that is guaranteed by the Constitution
3. usually have a continuity of service in the executive branch that the President lacks
5. have better access to the media than the President
With trade, everyone gets more of the things they want than they would if they were self-sufficient. in this way, trade can be driven entirely by?
With trade, everyone gets better at the things they want than they would if they were self-sufficient. in this way, business can be driven entirely by Wants.
How does comparative advantage influence trade?The idea of comparative advantage introduces opportunity cost as a characteristic for analysis in choosing between different options for production. Comparative advantage implies that countries will engage in trade with one another, shipping the goods that they have a relative benefit in.
By trading with others, people can buy a tremendous variety of goods and services at a more subordinate cost.
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In testing the existence assertion for an asset, an auditor ordinarily works from the.
An auditor often starts with the accounting records and moves to the supporting documentation to verify the existence claim for an asset.
The claim that the assets, liabilities, and shareholder equity balances shown on a company's financial statements exist as of the end of the accounting period that the financial statement covers is known as the assertion of existence. Simply put, this claim guarantees that the information provided is accurate and devoid of any fraudulent activities. For instance, any inventory statement that is part of the financial statement implies that the inventory was there at the end of the accounting period.
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A tire with lower than specified inflation pressure could lead to what condition?
A tire with lower than specified inflation pressure could lead to reduced tire life and fuel economy so D. All of the above.
What can a lower than specified inflation pressure lead to?When a tire is not inflated to the pressure that it is meant to be inflated to, it can lead to reduced tire life because the tire would not adequately handle to weight of the car.
Fuel economy would then reduce as the tires demand more energy to compensate and this can increase the chances of tire faults and other faults that can lead to accidents.
Options include:
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On may 12, the midnight census is 80. however, four patients were admitted and discharged that same day. the hospital has a 92 bed count. calculate the bed occupancy rate.
On may 12, the midnight census is 80. however, four patients were admitted and discharged that same day. the hospital has a 92 bed count. calculate the bed occupancy rate UHDDS
The hospital at St. Mark's has 450 beds. 80 percent of the space is typically occupied each month. In other words, patients occupy an average of 80% of the hospital's beds. At this level of occupancy, the hospital's operational expenses, based on a 30-day month, are 32 per occupied bed each day. Both variable and fixed costs are included in this 32-figure total. Only 60% of the hospital's beds were occupied in June. Operating expenses came to a total of 326,700 for the month.
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One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the.
The principal-agent problem's moral hazard can be reduced by our financial system's financial intermediaries, one of which is the venture capital firm.
A financial intermediary puts itself at risk by acquiring financial assets and incurring debts for its own account in addition to serving as an agent for other institutional units (for example banks, insurance corporations, investments funds)
In exchange for equity, or ownership holdings, venture capital firms or funds invest these early-stage businesses. Venture capitalists take on the risk of investing in risky start-ups in the hopes that some of the firms they support will prosper.
Venture capital businesses have two methods to make money. There are two ways for entrepreneurial investors to make money. The first fee is for capital management for the business. VCs earn money in two different ways. There are two ways for entrepreneurial investors to make money. The first fee is for capital management for the business. The second is carried interest, or "carry," on the fund's investment return.
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The sarbanes-oxley act of 2002 requires companies and their independent accountants to _____
To disclose accurate and reliable accounting financial information in its reports.
What is the purpose of the Sarbanes-Oxley Act of 2002?The Sarbanes-Oxley Act (SOX) is a federal act passed in 2002 with bipartisan congressional support to improve auditing and public disclosure in response to several accounting scandals in the early-2000s.It established requirements related to "corporate responsibility" to make executives take responsibility for the accuracy of financial reporting (including a requirement for certification by the entity's "principal officers") and to make it illegal for management to improperly influence the conduct of an auditTo learn more about the Sarbanes-Oxley act of 2002, refer
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If the fed is following expansionary monetary policy, the fed funds rate will be _____.
The Fed should engage in expansionary monetary policy, and the federal funds rate will be 1%.
More about expansionary monetary policy:
Short-term interest rates are lowered or the money supply is increased more quickly than usual as a result of expansionary monetary policy. It is implemented by central banks and accomplished through interest rate setting, reserve requirements, and open market activities.
Although expansionary monetary policy is a well-liked instrument for controlling the business cycle's low-growth phases, it also carries some hazards. Macroeconomic, microeconomic, and political economics concerns are among these dangers.
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The properties of competitive intelligence include _____.
The properties of aggressive brain include systematic continuous exterior information.
Competitor Intelligence is focused on grasp the moves and selections of rivals in your industry. It is supposed to tune how your opponents are creating products, selling services, marketing, triumphing income deals, and the universal competitiveness of other agencies inside your enterprise or landscape.
What are the types of aggressive intelligence?Competitive brain can be classified as myopic-oriented, tactical intelligence, or long-term targeted strategic intelligence.
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https://brainly.com/question/15194051#SPJ4Adjusting entries are recorded at the end of each accounting period so that net income is accurately reflected in the financial statements for the period.
true/ false
Adjusting entries are journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred. They are often made at the end of an accounting period.
This is a True Statement
What are the 5 adjusting entries?
Accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciationThese are the five categories that make up Adjustments entries.
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