Harry’s shoe store has noticed a significant increase of revenue of $123,000. The manager has also determined that the total expenses equal to $128,000. Will this business net a profit or loss? _____ How much of a profit or loss?_____

Answers

Answer 1

Answer:

Net loss; $5,000

Explanation:

$123,000 (income)

- 128,000 (expenses)

_________________

-5,000


Related Questions

The "E" in ALERT stands for Employees and reminds you to (Choose all answers that apply)

A. Know who (which employees) are in your facility.
B. Limit employees access to prep & storage areas.
C. Conduct background checks and verify credentials.
D. Test employees knowledge of allergens.

Answers

the answer is A i believe

Which situation best illustrates how global trade promotes specialization?
A. A country sets strict limits on the amount of goods it can import
from other countries in a single year.
B. A country tries to export as many goods as possible by making a
huge variety of different products.
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
D. A country ensures that it will not become too reliant on trade by
producing all of its own food and clothing,

Answers

Answer:

C. A country imports food and medicine from its neighbors so that

its workers can focus on making cars.

Explanation:

Just got it right on my quiz!

The situation that best illustrates how global trade promotes specialization is that a country imports food and medicine from its neighbors so that its workers can focus on making cars.

Specialization by nations or individuals makes them to produce at the lowest cost and then trade with others,

International trade often promotes specialization and division of labor and increases output and consumption. When an economy specializes in production, it brings about gains from international trade.

An example, a country can produce rice at a lower cost than beans, it can choose to specialize and dedicate all its resources to the production of rice, using some of them to trade for beans.

Conclusively, by specialization, countries specialize in certain products which they trade for other goods.

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What is the first step of creating a federal budget A. Congress votes on requirements for a budget plan. B. Executive agencies submit budget requests. C. State governments submit their budget proposals. D. The president reviews the budget with the Supreme Court.

Answers

Answer:

C. State governments submit their budget proposals.

Explanation:

The Federal budget is a budget for the entire country.  It is an estimate of the expected government revenue and expenditure for a fiscal year.

The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.

What are the risks and benefits of implementing a penetration pricing policy as compared to a competitive pricing policy?

Answers

Answer:

Penetration pricing is a pricing strategy where a company charges less than its competitors in order to entice its competitors' customers to patronise them instead.

Competitive pricing on the other hand will see a company charging the same price as its competitors.

Benefits of using Penetration pricing over Competitive

Reduce competition - If the company engaging in penetration pricing is large enough with more influence in the market, charging less than competitors might lead to competitors leaving the market as the prices will be too meagre for them to cover costs. Market Dominance - using penetration pricing can lead to customers moving from the competitors to the company using penetration pricing thereby giving that company market dominance. Economies of scale - Penetration pricing allows the company to sell more quantity of its product which means that it will have to produce more and this will reduce average costs for the company.

Risks involved

Price War - There is a risk of a price war if a company uses penetration pricing. A price war happens when a company reduces its prices and their competitors react by reducing their own prices as well. It might led to a situation where this continues until all the companies are making significant losses. Brand Image damage - Cheaper products are usually perceived as having lower quality. Reducing prices might see customers believing instead that the brand is poor and so they may avoid it. Attracts low loyalty - The customers gained through this strategies most often have little brand loyalty and when a better deal comes than the one they are being offered in that moment, they will leave.

Which of the following is the most reasonable response to Feedback from concept testing?

A. Most consumers liked a product idea but suggested some minor improvements, so the concept was retained without change in advance to the next phase of development.
B. Most consumers like the basic idea but suggest some changes, so changes were implemented, and the revised concept was retested.
C. most consumer suggested changes to a product concept, so the concept was identified as not enthusiastically received and was discarded.
D. Small small percentage of consumers voiced serious dislike of the product concept, so it was discarded.

Answers

The following which is the most reasonable response to Feedback from concept testing is Most consumers like the basic idea but suggest some changes, so changes were implemented, and the revised concept was retested Option(b) is correct.

What does concept testing means?

Concept testing to be recognized from pre-test markets and test markets which might be utilized at a later phase of item improvement research is the method involved with utilizing overviews.

It is significant not to mistake concept testing for promoting testing, brand testing and bundling testing, which is generally expected. Concept testing centers around the fundamental item thought, without the embellishments and puffery in public.

Concept testing in the new item advancement (NPD) process is the concept age stage. The concept age phase of concept testing can take on many structures. Now and again concepts are produced unexpectedly, as the consequence of mechanical advances. At different times concept age is conscious: models incorporate meetings to generate new ideas, issue location studies and subjective exploration.

Therefore Option(b) is correct.

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what is jotaro kujo´s stand name? correct answer will get 5 stars, thanks, and brainlest.

Answers

Answer: stats

Explanation: I believe this is right but I’ve been wrong before

3
Why is it essential to think about interest and ability while selecting an occupation Clarify in five sentences​

Answers

"I think Interest and Ability are equally important for a magnitude of reasons. Interest is a key factor because you never wanna be bored at work. Find a job you love, and you'll never work a day in your life. Ability is important because you at least wanna be good enough at your job so your employer doesn't fire you."

Explanation:

Maybe change up some of those words just so it can seem uniquely yours.

When a company wants to design a new wireless headset it invited a group of interested users to comment on and try out various product prototypes during its design process. This is an example of what type of process?

Answers

Answer:

Testing process...?

Would have been better if given options...

This is an example of what type of process testing process.

What is the product testing process?

The four essential strategies of verification are Inspection, Demonstration, test, and evaluation. The four strategies are somewhat hierarchical in nature, as every verifies the necessities of a product or system with growing rigor.

Product trying out u.s. is a legitimate manner to get a risk to get a few virtually valuable merchandise totally free. but you want to be aware that it's far like a lottery – there is no guarantee you may get to test a product.

The Product trying out exercise gives consulting for automation engineering, solutions, and their validation; Interop and Certification for servers, switches, and storage; Infrastructure Validation and workload-based totally benchmarking for Datacenter provider providers.

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Why did Guardbark want people to not disturb the trees?

Answers

Trees give oxygen, this helps living things survive and although people don’t think about it much trees are very important for our survival, they help us and other living things breath and survive

He wanted the trees to be left alone because they give us oxygen and are the habitats of lots of diverse species.

Why trees are important?

Over 80% of the world's terrestrial biodiversity may be found in trees, which also help clean the air we breathe, filter the water we drink, and offer habitat. Over 1.6 billion people have worked thanks to forests, which also remove dangerous carbon from the environment and serve as a major component of 25% of all pharmaceuticals.

The existence of several huge creatures depends on trees. Trees are employed as sources of nutrition, shelter, and breeding grounds. Numerous animals also utilize trees as places to rest, build nests, and as vantage points from which to hunt or catch prey. Animals can benefit from delectable fruits and foraging possibilities when the trees reach maturity.

Thus, these were the reasons he wanted people to not disturb the trees.

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bruh ur no help its not even a answer dumbo

Answers

Answer:

?

Explanation:

Answer:

whaaat

Explanation:

The atmospheric pressure at a place is 650 mm of Hg. Convert this pressure
into pascals (Pa). Given, density of Hg = 13,600 kgm.​

Answers

Ans Solution

Explanation:

After a business designates categories of expense in its budget, it a: applies a formula. b: appoints an accountant. c: allocates a dollar amount. d: attaches a time limit.

Answers

Answer:

c: allocates a dollar amount.

Explanation:

Budget is a systematic accounting record of expected expenses & receipts of  an entity, for a period of time.

Expenses categorization is an important stage of budget planning. After designating the expenses categories in budget, a business entity should - allocate a dollar amount to the total expenses & its further distribution within the categories.

State the various purposes that an environmental impact statement must serve.

Answers

Answer:

An environmental impact statement, under United States environmental law, is a document required by the 1969 National Environmental Policy Act to protect the environment.

Therefore, the main purpose of an environmental impact statement is to make sure that the policies in the Act is implemented.

It also lists out the various endangered species in the area on either private or government territories and how best to preserve them from extinction.

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $127,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 3.1% and SUTA taxes are 2.9% of the first $7,000 paid to its employee.

Answers

Answer:

a.

                Taxes to be withheld from Gross Pay (Employee - Paid Taxes)

                                      September Earnings      Tax Rate         Tax Amount

                                             Subject to Tax

Federal Income tax                                                                            $80.00

FICA - Social Security                800                       6.20%                $49.60

FICA - Medicare                          800                      1.45%                 $11.60

Total                                                                                                   $141.20

FICA - Social Security = 800 * 6.2% = $49.60

FICA - Medicare = 800 * 1.45% = $11.60

b.

Date             General Journal                                           Debit            Credit

Sep 30          Salaries Expense                                       $800

                     Federal income tax payable                                             $80

                     FICA taxes Payable - Social Security                               $49.60

                     FICA taxes Payable - Medicare                                        $11.60

                     Salaries Payable                                                               $658.80

Salaries Payable = 800 - 80 - 49.60 - 11.60 = $658.80

Select the correct answer.
Which of the following careers poses the most significant daily risk?
A.
City manager
B.
Firefighter
C.
City planner
D.
Paramedic

Answers

b- firefighter , there is daily risk of losing their lives :)

Which one of the following business stakeholder groups can exert pressure on a business by imposing stricter credit terms, or by refusing to grant further credit?
A. D suppliers B. customers C. shareholders D. pressure groups

Answers

Answer:

A. D suppliers

Explanation:

Suppliers are traders who sell materials and other items to a business.  Suppliers are stakeholders in any company that they supplier products or services. They have commercial interests as creditors to the company.

Because suppliers are the one's who sell to a business of credit, they are the only ones who can impose credit terms on the business.  Suppliers may also relax the credit terms or deny the business credit facilities depending on their risk assessment of the company.

Match each effect with the correct type of trade barrier

A. Standards
B. Quotas
C. Embargoes


A. Restrict exports entirely and can be used as punishment
B. Place limits on imports and can drive up prices
C. Enforce rules to uphold quality and are intended to protect consumers

Answers

Answer: i got you

Explanation:

standards= C

Quotas= B

Embargoes= A

Trade Barrier although it affects "free trade"  is not a negative term. The Correct match of given options are A - C, B - B, C- A.

Trade Barrier

For a Nation, the concept of "Free Trade" is not altogether positive as it can  sometime affects their domestic industries which are not capable to compete big companies. To overcome this issue "Trade Barrier" is used, apart from economic reason, it can also be used for political reasons.

In the following question we have to match different types of trade barrier with their definition. Here are the correct match:-

A. Standard - C. Enforce rules to uphold quality and are intended to protect consumers.

B. Quotas -  B. Place limits on imports and can drive up prices

C. Embargoes - A. Restrict exports entirely and can be used as punishment.

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New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and charge the balance. At 8% interest, what will the balance owed be in six months? (Assume no payments made and simple interest.)

Answers

Answer:

$46.8

Explanation:

The shoe is worth $85. You pay a deposit of $40. The balance is $45.

So $45  is charged at 8% interest for six months.

Simple interest I= p x r x t

In this case, p is $45,

r is 8%

t= 6 months or 0.5 years

I = $45 x 8/100 x 0.5

I= $45 x 0.08 x 0.5

I=$1.8

The total amount owed will be $45 + $1.8

=$46.8

Answer:

dsada

Explanation:

Inflationary pressure in the AS-AD model can be shown as a
Demand shock that shifts the AD to the left.
rise in input prices affecting most firms across the economy shifting AS curve to the right.
rise in input prices affecting most firms across the economy shifting AS curve to the left.

Answers

Answer: rise in input prices affecting most firms across the economy shifting AS curve to the left

Explanation:

Inflationary pressures simply refers to the pressure on both the demand and the supply-side which can bring about an increase in the general price level of goods and services in such economy.

Inflationary pressure in the AS-AD model can be shown as a rise in input prices affecting most firms across the economy shifting AS curve to the left. The aggregate supply curve shifting to the left implies that there'll be a reduction in the goods and services demanded in the economy due to the increase in price.

I need help bruh. Prereading activities include A. concept mapping B. discussion C. Questioning D. all of these​

Answers

All of these
Explanation

Answer:

D  

All of these

Explanation:

is dispute a letter?

Answers

nope, dispute is a word

If you are inserting an address block with the Address Block dialog box and the fields do not connect automatically, what can you do?

Answers

Answer: Click Match Fields and match them manually.

Which costs would be considered fixed costs?

Answers

Answer:

see below

Explanation:

Fixed costs consist of business expenses that remain constant throughout a financial period. The level of production does not influence these costs. Fixed costs are sometimes considered as the cost of staying in business. They have to be paid as long as the business is open.

For instance, administrative salaries have to be paid regardless of the level of production. Monthly rent to a store has to be paid even if no sales were made in a particular month. Other examples of fixed costs include depreciation, insurance premiums, and advertising.

Easy ways to learn BRS​

Answers

Answer:

BRS is a Bank Reconciliation Statement:

1. COMPARE THE DEPOSITS

Match the deposits in the business records with those in the bank statement. Compare the amount of each deposit recorded in the debit side of the bank column of the cashbook with credit side of the bank statement and credit side of the bank column with the debit side of the bank statement. Mark the items appearing in both the records.

2. ADJUST THE BANK STATEMENTS

Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.

Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement.

Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account. They need to be deducted from the bank balance. This often happens when the checks are written in the last few days of the month.

Bank errors are mistakes made by the bank while creating the bank statement. Common errors include entering an incorrect amount or omitting an amount from the bank statement. Compare the cash account’s general ledger to the bank statement to spot the errors.

3. ADJUST THE CASH ACCOUNT

The next step is to adjust the cash balance in the business account.

Adjust the cash balances in the business account by adding interest or deducting monthly charges and overdraft fees.  

To do this, businesses need to take into account the bank charges, NSF checks and errors in accounting.

Bank charges are service charges and fees deducted for the bank’s processing of the business’ checking account activity. This can include monthly charges or charges from overdrawing your account. They must be deducted from your cash account. If you’ve earned any interest on your bank account balance, they must be added to the cash account.

An NSF (not sufficient funds) check is a check that has not been honored by the bank due to insufficient funds in the entity’s bank accounts. This means that the check amount has not been deposited in your bank account and hence needs to be deducted from your cash account records.

Errors in the cash account result in an incorrect amount being entered or an amount being omitted from the records. The correction of the error will increase or decrease the cash account in the books.

4. COMPARE THE BALANCES

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books

Explanation:

The percentage of a person's pay that is deducted for FICA-Social Security is _____.
Group of answer choices

6.2%

1%

3%

10%

Answers

Answer:

6.2%

Explanation:

The current social security tax is 6.2% of an employee's gross pay.  It means the employee is deducted 6.2% of gross pay as social security tax. The employer also contributes 6.2% of the employee' gross pay.

is your name darel 1234567890

Answers

No my name is not Darrel

Choose all that apply.

Select the advantages to banking online.

convenient
lower fees
efficient
accessible from anywhere
quick transaction speed
always open

Answers

1,3,4,6

i think, good luck!

Answer:

All are correct except for lower fees

Explanation:

1. Convenient

2. Efficient

3. Accessible from anywhere

4. Quick transaction speed

5. Always open

Which speaker is most likely to make high-risk investments?
Speaker A: I want to invest in a lot of different companies. You never know when a company is going to have a surprisingly good or bad year.
Speaker B: I invest to get as much money as I can as quickly as I can. I'm not worried about losing money at all.
Speaker C: I'm nearing retirement, so I need to make sure my investments are safe. The worst thing that could happen would be losing all of my investments right before I need them.
Speaker D: I'm concerned that investment is always risky. I prefeito hold onto my money instead of investing it in companies or banks.

A. Speaker D

B. Speaker B

C. Speaker C

D. Speaker A​

Answers

Answer: Speaker A

Explanation: Just took the quiz

The speaker that is most likely to make high-risk investments is Speaker B. Hence, Option B is correct.

What are high-risk investments?

A high-risk investment is one in which there is either a large percentage chance of loss of capital or underperformance—or a relatively high chance of a devastating loss. It may offer the chance of higher returns than other investments might produce, but it also puts your money at a higher risk.

It has advantages also. Some of the major advantages are: investors can earn huge returns in a very short period of time; investors are able to purchase and sell the securities with ease; investors can earn capital gains as well as dividends on their investments; and many more.

Therefore, Option B is correct.

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With relevant examples discuss intangible business property that is protected by law and which an entrepreneur should consider when starting up a business

Answers

Answer:

Explanation:

Intangible property are useful resources, they are asset that are not physical but they produce much economic benefits to organization , entrepreneur.some of this asset are Goodwill, brand recognition, as well as intellectual property.

Some of these intangible asset are intellectual property and are protected by law from stealing away by those that are not authorized to it.

Examples of intangible business property that is protected by law are:

✓patent

✓copyright

✓ franchises

✓trade mark

✓Goodwill

✓tradenames

✓ trade secret

1)Patent is one of the intangible asset granted by government and protected to an inventor who is entrepreneur that exclude others from selling as well as using the invention for particular period of time. If an entrepreneur comes up with an invention it will be protected for him/ her. it can be categorized as utility, design, and plant. Example of invention that falls under utility is microwave oven. Other invention are light bulb, printing press.

2) copyright is another intangible property, in which the original works of authorship of an entrepreneur is protected, dramatic, musical work as well as computer software, and architecture of an entrepreneur is protected, this will help the entrepreneur to enjoy the benefits of his/her labor and to grow fast in term of finance.

3)trademark is another intangible property that is protected by law which includes design, expresion, sign that identifies the product of a company from another, when an entrepreneur is starting a business , trademark is important because his/her product will be easier to identify by consumer and this helps business to grow faster. Example is the logo that Apple( apple shape with a bite) uses as trademark on all their products, swoosh logo that Nike uses on their products

4)trade secrets is an intangible property as well as intellectual property that is been protected by law it contains processes, design, information with inherent economic values that are not generally known by everyone, this is important to enterprenurer because trade secret helps the individual with the secret to sustain his/her business without been hijacked. Example of trade secret is the

secret formula for Coca-Cola which other soft drinks producer doesn't know.

explain the use of a base year in measuring output

Answers

Answer:

A base year is used for comparison in the measure of a business activity or economic index. For example, to find the rate of inflation between 2013 and 2018, 2013 is the base year or the first year in the time set.

Explanation:

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What would be the answee How does the kings huge size in relation to Gullivers small size serve to emphasize Swifts satire of English politics and society?Group of answer choicesThe king believes the large population will outnumber the British fleetThe king believes that his armies will crush Gulliver's small armySwift believes that English politics and society are too bigThe king believes the ideas of English politics and society are small. HELP! I NEED FAST! 20 POINTS!!! The length of the minute hand is 200% of the length of the hour hand. In 1 hour, how much farther does the tip of the minute hand move than the tip of the hour hand? Round your answer to the nearest hundredth. Hi, I sorta need help with this.... Insurance companies are interested in knowing the population percent of drivers who always buckle up before riding in a car. When designing a study to determine this population proportion, what is the minimum number of drivers you would need to survey to be 95% confident that the population proportion is estimated to within 0.05?If it was later determined that it was important to be more than 95% confident and a new survey was commissioned, how would that affect the minimum number you would need to survey? Why?a. If the confidence level is increased, then the sample size would need to increase because a higher level of confidence increases the margin of error.b. If the confidence level is increased, then the sample size would need to decrease because increasing the sample size would create an even larger interval.c. If the confidence level is increased, then the sample size would need to decrease because we would like the proportion of people who buckle up to be around 50%.d. If the confidence level is increased, then the sample size would not be affected. Emile paid $3.96 for 4 songs.What is the unit rate and what does it mean?Enter your answers in the boxes. An integer is 15 more than 2 times another. If the product of the two integers is -27, then find the integers What mistake did Ogbuefi Ugonna make when he went to receive the HolyCommunion? (In chapter 20 of "Things Fall Apart") members of the crowd are tearing down a statue of King George lll which event most likely prompted this action A)the capture of sons of liberty B)the resignation of George WashingtonC)the death of King George lll I'n England D)the creation of the Declaration of Independence Question 1 of 10If f(x) = 4x - 12, what is f(2)?A. -20B. 8C. 4D. -4 A bar graph showing ethnic percentages for the United States for the years 1980, 1990, and 2000. 1980: Asian, 2 percent; Black, 12 percent; White, 78 percent; Hispanic, 8 percent. 1990: Asian, 3 percent; Black, 12 percent; White, 76 percent; Hispanic, 9 percent. 2000: Multiethnic, 2 percent; Asian, 4 percent; American Indian, 1 percent; Black, 12 percent; White, 69 percent; Hispanic, 12 percent.Data courtesy of the SSDANBased on the information in the above chart, how did the American population change between 1980 and 2000?A.Americas population became less multicultural.B.Americas population became more diverse.C.The diversity of Americas population stayed the same.D.Americas population became less diverse. what evidence do you that suggest water waves are transverse wave EASY PLEASE HELP PLEASE HELP 15 POINTS...PLEASE HELP hol mepueden ayudar en matematica Can someone please actually help me with my math assignments Why is it important for mathematicians to graph functions? Select all that apply.A. For them to determine if a function can be inverted.B. For them to visualize the function.C. For them to extrapolate beyond the known data.D. For them to determine if the function can be graphed.E. For them to determine characteristics of the function. If yesterday is sunday what day will be after tomorrow? Show the use of bright colours by drawing 5 pictures using the artistic way home decoration which of the following is an example of a physical property? 25 pt TRIVIA TIME!!!!! What condiment is Canada known for?? also Vermont too i guess