Answers
Add total fixed and total variable expenses to get total expense.
9,000 + 300 = 9,300
Total expense = 9,300
To get total profit/loss, less total expenses from total revenue.
Total revenue = 9,500
9,500 - 9,300 = 200
Total profit/loss = $200
Out of the choices provided above, it can be concluded to state that the total accounting profits for Mel for the month of May as per the financial statements given above will amount to a total of $200. Therefore, the option D holds true.
What is the significance of accounting profits?The accounting profits can be referred to or considered as the profits that lead to a total of surpluses of cash balances and reserves for a particular accounting period. If the amount is not in excess of the expenses, it expresses a condition of an accounting loss for the firm.
In the situation given above, Mel's revenues were $9500, but her expenses were $9000 fixed and $300 variable. So, the accounting profits will be $200, i.e., $9500-($9000+$300)
Therefore, the option D holds true and states regarding the significance of accounting profits.
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The missing options are added below for better reference.
A. -$200
b. $300
c. $500
d. $200
Related Questions
Why do you think it is better for the industry to advertise its product through magazine than newspapers.Give two reasons
Answers
Answer:
Magazines are more specifically targeting, offer higher scope of sale conversion.
Explanation:
Advertisement is done to persuade people for buying goods & services. It can be of various forms, eg - magazines & newspapers.
Magazines are better than newspapers, as -
Magazines are read by people specifically interested in the particular niche, so they are more likely to be prospective buyers of the product. Newspapers are comparatively less targeted form of advertisement, as they advertise to all the people, irrespective of their scope of interest in the good or service. Magazines are relatively more targeted in this case.How did the pandemic affect the ability of business?
Answers
Answer:
Most businesses had to close down meaning that they were making no money and if they were small then the owners and workers would have no income.
Explanation:
What are some good colleges in New Orleans that arent expensive??
Answers
Answer:
southern university, Dillard university, university of new orleans
Rick has a great idea about a new product to sell. He needs
money to get started building his brand. What type of loan does
he need?
A. Mortgage
B. Business
C. Home equity
D. Auto
Answers
T account charts must always have what?
Answers
Why non HR managers are becoming more involve traditionally , human resource management practices were developed
Answers
Answer:
What are you looking for exactly?
Explanation:
Which statement best describes a recession?
A. More people are unemployed, causing more competition for jobs.
B. The prices of goods make them too expensive for people to buy them easily.
C. People cannot afford to buy goods because competition leads to higher prices.
D. A large number of people are unemployed and have decreased spending power.
Answers
Answer:
D. A large number of people are unemployed and have decreased spending power.
Answer:
I agree!
D. A large number of people are unemployed and have decreased spending power.
Explanation:
To _____ is to modify or improve upon code.
propriate
tweak
kernel
debug
Answers
I WILL GIVE BRAINLIEST
I have a nail salon business - I just recently purchased new pedicure chairs, what type of cost is this?
A. Fixed Cost
B. Variable Cost
Answers
Answer:
FIXED COST
Explanation:
I THINK ITS FIXED COST
For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answers
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
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Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid ________________ every __________
Answers
Answer:
Explanation:
According to the bank statement for John Jones that can be found online. John was paid by direct deposit every 14 days (two weeks). Every two weeks John receives a total of $694.81 directly to his bank account and described as "Payroll Deposit - Hotel" which is most likely his job. Direct deposit is a feature that almost every employer has to automatically send an employee's earned income directly to their bank account at the same time every couple of weeks, sometimes twice a month and other times once a month.
PLEASE HELP NOW!!! Why is a higher interest rate important when saving money?
A.) It means the person will owe the bank less over time.
B.) It grows savings at a faster pace.
C.) It pays interest on principal and interest.
D.) It requires a lower amount be deposited each month.
PLEASE HELP!!!
Answers
The interest rate determines how much money a bank pays you to keep your funds on deposit. Suppose you deposit $5,000 into a savings account, don’t deposit or withdraw any more money and the interest rate doesn’t change. If the account has a 1.00% interest rate and the interest compounds annually—that is, the bank pays you interest on your balance once each year—you’ll earn $50 after the first year. -Discover.com
Answer:
B.) It grows savings at a faster pace.
Explanation:
An example of a country's businesses spending on capital when calculating the GDP using the expenditures approach is _____.
rent
purchase of weapons for the military
purchase of software
none of the above
Answers
Answer: salaries of public employees
Answer:
The correct answer on EDEG 2021 is B or purchase of weapons for the military
Explanation:
Choosing to go to college over getting a job right out of high school is an example of a(n)___.
fixed cost
opportunity cost
Ο Ο Ο
variable cost
O none of the above
Answers
Because your are choosing to do one out of the two
Innovation and enterprise can help to develop new and niche markets - True or False?
Answers
Answer:
True.
Explanation:
A radical innovation also known as the disruptive innovation is an innovative approach aimed at destroying or supplanting old business strategies and models with an invention to breakthrough and change the whole industries by creating new products.
Hence, an innovation and enterprise can help to develop new and niche markets as the business would be starting afresh and offering new products and services to meet the unending needs or requirements of its customers.
The manufacturing shop is producing custom photo imprinted mouse pads for clients. The startup equipment cost $400. A mouse pad has a production cost of $3. The retail sale is $12.
1). Write a cost function
2). Write a revenue function
3). Give the break-even point
Please help me answer all 3 questions, thanks!
Answers
Answer:
[tex]c(x) =400 + 3x[/tex]
[tex]r(x) = 12x[/tex]
[tex]x = 44.44[/tex]
Explanation:
Given
Cost
[tex]Equipment = 400[/tex]
[tex]Production = 3[/tex] per mouse pad
Revenue
[tex]Sales\ Price = 12[/tex]
Solving (a): The cost function
Let the number of mouse pad be x and the cost function be c(x).
[tex]c(x) =Equipment + Production * x[/tex]
[tex]c(x) =400 + 3 * x[/tex]
[tex]c(x) =400 + 3x[/tex]
Solving (b): The revenue function
Represent this with r(x)
[tex]r(x)= Sales\ Price * x[/tex]
[tex]r(x)= 12 * x[/tex]
[tex]r(x)= 12 x[/tex]
Solving (c): The break-even point
This is the point where r(x) = c(x)
So, we have:
[tex]12x = 400 + 3x[/tex]
Collect Like Terms
[tex]-3x+12x = 400[/tex]
[tex]9x = 400[/tex]
Solve for x
[tex]x = \frac{400}{9}[/tex]
[tex]x = 44.44[/tex]
what is a customer retention?
Answers
Answer:
Customer retention refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. As a performance metric, it indicates whether your product and the quality of your service please your existing customers.
Explanation:
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Nurix, Inc. is a business consulting firm. During the month of February, Nurix earned $55,600 of revenues by providing services to 47 clients. Operating costs for February were $8,500 and non-operating costs were $6,000. What is the unit cost per service? (Round your answer to the nearest cent.)A. $127.66B. $1,182.98C. $308.51D. $180.85
Answers
Answer:
Unitary cost= $308.51
Explanation:
Giving the following information:
Number of services= 47
Operating costs for February were $8,500 and non-operating costs were $6,000.
First, we need to calculate the total cost:
Total cost= 8,500 + 6,000
Total cost= $14,500
Now, the cost per service:
Unitary cost= 14,500/47
Unitary cost= $308.51
The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.
Answers
Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.
Explanation:
What is the first-known example of a corporation issuing stock? In what time period did
this take place
Answers
Answer:
i love you :)
Explanation:
The first modern IPO occurred in March 1602 when the Dutch East India Company offered shares of the company to the public in order to raise capital. The Dutch East India Company (VOC) became the first company in history to issue bonds and shares of stock to the general public.
Discuss any four ways in which Specialization has
improved the economic development of Nigeria
Answers
Answer:
Specialization has helped in these four ways:
1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.
2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.
3. Has helped bring the electrification of the country.
4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.
NEED HELP ASAP, WILL GIVE BRAINLIEST
1. Variable Costs are also known as ___________
A. Cost of Goods Sold
B. Liabilities
C. Assets
D. Equity
2. The bank purchased a desk for a new employee. What type of cost is the purchase of a new desk?
A. Fixed Cost
B. Variable Cost
3. Today I sold a new 80 inch television. The sale of this item is called________?
A. Unit of Sale
B. Asset
C. Cost of Goods Sold
Answers
Answer:
Cost of Goods Sold
variable cost
evality
2. Fixed cost
3. Unit of sale
True or False: Strip malls are usually climate controlled.
Answers
Answer: false
Explanation:
That’s the correct answer
The Strip malls are usually not the climate controlled, as it is the cause of the global warming.
What is the strip mall?Strip mall is also called the strip center or strip plaza. This type of mall is basically the common shopping center in North America. In which the stores are arranged in a well-defined row, consisting of the sidewalk in their front.
It is not the climate controlled because these malls contribute to the global warming indirectly pollute the environment, as the energy generators causes the green house gases.
Therefore, the given statement is false.
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PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!
Answers
Answer:One of the main reasons why people are motivated to do a job well is the sense of achievement they get from it. Achievement is the feeling of pride that comes from knowing you have done your job well.
A second type of motivation that is common in the workplace is that of power. Some people get a lot of pleasure out of having power and authority. This is not necessarily a bad thing, as sometimes these people are particularly good at directing others and can make good managers.
Both types of motivation are common, and they can be very important in the workplace. However, the sense of achievement can be created by the person individually, and requires little group work. On the other hand, the motivation of power depends on the type of interaction the person has with others.
Explanation:self motivation requires a personal drive where as group motivation has other people tell you when your doing good or they can help you when it isnt going right.
please help me with my question from my profile.
Which of these is most closely associated with an economic recession? *
1.an increase in stock prices
2.an increase in consumer spending
3.a decrease in the demand for labor
4.a decrease in the minimum wage
Answers
Answer:
3. a decrease in demand for labor
Explanation:
Economic recession is associated with the significant loss of economic activity. The economic activity includes like Goss domestic production, income, industries and wholesale.
The recession may be for the short and long term and be followed by a raid r a slow recovery. Such as economic slowdown after the corona affected nations and indirectly affected the wages and salaries of the workers and laborers.Hence the option 4 is correct.
Learn more about the these are most closely associated with an economic recession.
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Can someone help me finish these missing assignments for accounting?
Answers
Empathy involves _____.
feeling pity
active listening
feeling sorry
written communication
Answers
Answer:
active listening
Explanation:
Empathy involves making every effort to understand others FROM THEIR POINT OF VIEW. It means communicating an understanding of how THAT PERSON feels in a situation, NOT how YOU would feel in that situation.
Empathy is defined as “the feeling that you understand and share another person's experiences and emotions” or “the ability to share someone else's feelings”. Feeling sorry for a person automatically generates feelings of pity, which is not helpful in situations where people are in pain.
I hope this helps! :)
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If the family decides to reduce its clothing budget by $200 a month, how much will the new clothing budget be? Round to the nearest dollar.
Answers
Answer:
$970
Explanation:
Budgeting helps consumers reach their financial goals by helping them do which of the following?
A. Find the lowest prices for goods and services
B. Conserve on searce natural resources
C. Keep their expenses below their income
D. Weigh the information needed to make rational decisions
Answers
Answer:
C. Keep their expenses below their income
Explanation:
What does the Fair Credit Reporting
Act focus on?
A. The borrower's rights in regard to their credit
report.
B. The bank's ability to change customer's credit
reports.
C. The government's ability to see an individual's tax
forms.
D. The lender's rights in hiding loan information.
Answers
:) hope this helps