The best example of a business is that Wanda tries to make a profit by selling homemade jam at the farmer's market.
An entity is defined as an organization or entity that performs commercial, industrial, or professional activities. Businesses can be for-profit organizations or non-profit organizations.
Business types range from limited liability companies to sole ownership, companies, and partnerships.
Thus, Option C is the correct answer that Wanda tries to make a profit by selling homemade jam at the farmer's market.
Learn more about Business here:
#SPJ2
C. Wanda tries to make a profit by selling homemade jam at the farmer's market is a general example of a business.
The correct answer is C. Wanda tries to make a profit by selling homemade jam at the farmer's market.
This is a general example of a business because Wanda is engaged in a commercial activity with the intention of earning a profit.
By selling her homemade jam at the farmer's market, Wanda is participating in a market transaction and taking on the risks and responsibilities associated with running a business.
Other examples provided in the options, such as using a computer for research, preparing dinner for the family, and volunteering to babysit, do not involve commercial activities for profit and are therefore not examples of a business.
Answer:
(B) equilibrium price
Explanation: this is correct!
b. developed
c. underdeveloped
d. least developed
b. a business other than sales or marketing
c. a payment other than wages or salaries
d. an accounting term meaning profits
Answer:
PE ratio = 12
Explanation:
Data provided in the question:
Number of shares outstanding = 1,800
Earning on assets = $2,700
Now,
Earnings per share, EPS = [ Net income ] ÷ [ shares outstanding ]
= [ 2,700] ÷ [ 1,800 ]
= 1.5
Thus,
PE ratio = [ Price per share] ÷ [ Earnings per share]
= 18 ÷ 1.5
= 12
Hence,
PE ratio = 12
Answer:
To calculate the ending balance in finished goods inventory using absorption costing, you need to consider the cost of goods manufactured (COGM) and the cost of goods sold (COGS). Absorption costing allocates both variable and fixed manufacturing costs to the cost of goods manufactured, and these costs are carried over to finished goods inventory until the products are sold.
Here's how you can calculate the ending balance in finished goods inventory:
Calculate the total manufacturing cost (COGM) for the number of units produced. This includes both variable and fixed manufacturing costs.
Calculate the cost per unit by dividing the total manufacturing cost by the total number of units produced.
Multiply the cost per unit by the number of units in finished goods inventory.
Here's a formula to represent this calculation:
Ending Finished Goods Inventory = (Total Manufacturing Cost / Total Units Produced) * (Total Units Produced - Units Sold)
If you have specific cost figures for variable and fixed manufacturing costs and the total number of units produced, you can use these values in the calculation. However, I would need those specific values to provide you with a numerical answer.
Explanation:
Without having information regarding production costs or units produced, the ending balance in finished goods inventory using absorption costing can't be precisely determined. However, it's generally calculated using the formula: Beginning inventory + Cost of Goods Manufactured - Cost of Goods Sold = Ending Inventory.
In absorption costing, all manufacturing costs, both fixed and variable, are assigned to units of product. They are thus 'absorbed' by the goods inventory. Given you've sold 80 units and we're not given any other information such as production costs or units produced, specific ending balance in the finished goods inventory using absorption costing can't be determined.
That being said, the general formula to determine the ending balance in a finished goods inventory would be: Beginning inventory + Cost of Goods Manufactured - Cost of Goods Sold = Ending Inventory. In this case, since the beginning inventory is zero, if you know your Cost of Goods Manufactured (COGM) and Cost of Goods Sold (COGS), you could calculate the ending balance.
#SPJ11