Table 1 contains information about a small business for one month. The business
sold 270 units this month. Using the information in Table 1, calculate the profit for
this business. You are advised to show your workings
Fixed costs
£2 100
Variable costs (per unit)
£110
Sales price (per unit)
£200

Answers

Answer 1

Answer:

workings. Number of units sold: 240. Fixed costs: £1 100. Variable costs per unit: 45 pence. (2) ... You are advised to show your workings. (2). (Total for question = 2 marks). Q6 ... Table 1 contains information about a small business for one month. ... Using the information in Table 1, calculate the profit for this business. You ...

Explanation:

Answer 2

Answer:

Profit during month =   £22,200

Explanation:

Given:

Number of unit sold = 270

Fixed costs  = £2,100

Variable costs (per unit)  = £110

Sales price (per unit)  = £200

Find:

Profit during month

Computation:

Total sales value = Number of unit sold x Sales price (per unit)

Total sales value = 270 x £200

Total sales value = £54,000

Total Variable costs value = Number of unit sold x Variable costs (per unit)

Total Variable costs value = 270 x £110

Total Variable costs value = £29,700

Profit during month = Total sales value - Total fixed cost - Total Variable costs value

Profit during month =  £54,000 -  £2,100 -  £29,700

Profit during month =   £22,200


Related Questions

If an agency's qualifying new business premium is ____ than the set minimum in a given month or quarter in the prior year, that agent's baseline will be increased to the minimum baseline that month or quarter.

Answers

Answer:

lower

Explanation:

If the premium set is below the minimum threshold then agent baseline will be increased. This is because the commission of an agent is based on the percentage of the premium. If the premium amount is lower then the commission will also be lower resulting in the agent baseline to decrease.

State the importance of agricultural experts​

Answers

Agriculture is the main source of national income for most developing countries. However, for the developed countries, agriculture contributes a smaller per cent age to their national income. Agricultural sector provides fodder for domestic animals. Cow provides people with milk which is a form of protective food.

Discuss any five items of government expenditure in Nigeria

Answers

Answer:

Government expenditure items, whether recurrent or capital, are usually classified into four major groups, namely: administration, economic services, social and community services and transfers.

According to the video, what are some qualities needed by Advertising and Promotions Managers? Check all that apply.

creativity
college degree
leadership
high school degree
ability to express themselves clearly
ability to stand for long periods

Answers

A, B, C, E

_______________________________________

Malachi 1:2  

Qualities needed by Advertising and Promotions Managers:

creativityCollege degreeleadershipability to express themselves clearly

What is advertising?

Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular. By "branding," which links a product name or image with particular traits in customers' minds, commercial advertising frequently aims to boost the consumption of their goods or services.

Direct-response advertising, on the other hand, is the term used to describe advertisements that aim to prompt a quick sale. Political parties, interest groups, religious institutions, and governmental bodies are examples of non-commercial organizations that promote goods and services more than consumer goods.

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Breton Woods Standards were found to be inadequate mainly because

Answers

Answer:

A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.

Explanation:

The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.

Store Policies that are open to interpretation by store employees
a) Customer satisfaction
b) Government law
c) Safety
d) Liability of product

Answers

Answer:

a) Customer satisfaction

Explanation:

How are organizational markets and consumer markets both alike and different from each other?

Answers

Answer:

Both individual consumers and organizations need to purchase products and services. The organizational and consumer markets vary in various things; they both desire to buy things so as to meet their daily duties. The difference is in how and why an organization buys goods and services alongside how a consumer shops. The contrast that exists is significant if one desires to invest in both markets. Reason for Purchase.

Which pricing policy do you think would be best suited for a small business introducing a new line of clothing and accessories? Explain.

Answers

Answer:

I think that a small business introducing a new line of clothing and accessories should use the penetration pricing policy. The penetration pricing policy prices their products very low to start out with to try and distract competitors from there competition and towards them.

Explanation:

Hope that helps!

In 2022 the Concord Corporation had net credit sales of $830000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $21200. During 2022, $32300 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $223000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022

Answers

Answer:

$33,400

Explanation:

Calculation to determine the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022

Required ending balance of allowance for doubtful accounts 22,300

(223000 * 10%)

Less Beginning credit balance of allowance for doubtful accounts (21,200)

Add Uncollectible accounts receivables written off 32,300

Adjustment to allowance for doubtful accounts $33,400

(22,300+21,200+32,300)

Therefore the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022 will be $33,400

The idea of introducing flying cars to Uber’s fleet primarily impacts which target element of change? uber ch 10

Answers

Answer:

the element of change it would affect is methods

Explanation:

When was Wells Fargo established? What was the main business when they started?

Answers

Answer: Since 1852

In 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold and selling paper bank drafts as good as gold) and express (rapid delivery of the gold and anything else valuable).

Explanation:

Which of these is NOT a main type of transaction?

Group of answer choices

Deposit

Withdrawal

Transfer

Loan

Answers

transfer if not i’m so sorry

What could this sign use on the left side

Answers

What, ok I just take the points

Mark and Addison formed a partnership. Mark received a 25% interest in partnership capital and profits in exchange for land with a basis of $40,000 and a fair market value of $60,000. Addison received a 75% interest in partnership capital and profits in exchange for $180,000 of cash. Three years after the contribution date, the land contributed by Mark is sold by the partnership to a third party for $76,000. How much taxable gain will Mark recognize from the sale

Answers

Answer:

$24,000

Explanation:

Calculation to determine How much taxable gain will Mark recognize from the sale

Mark allocated precontribution gain $20,000

($40,000-$60,000)

Add Post contribution gain $4,000

($60,000-$76,000*25%]

Taxable gain $24,000

($20,000+$4,000)

Therefore How much taxable gain will Mark recognize from the sale is $24,000

(03.02 MC)
Rachel needs a car to get to work and school. She's decided on a used car with a cost of
$9,000. According to her budget, she can afford to pay up to $275 per month in car
payments. Which loan offer is best for Rachel?
Length of
Loan
APR
Late Payment
Fee
Monthly
Payment
Total Cost of
Loan
Offer
1
24 months
4.5% $35
$393
$9,428
Offer
2
36 months
5%
$20
$270
$9.711
Offer
3
48 months
5.5% $45
$209
$10,047
Offer
4
60 months
6.5% $25
$176
$10,566
Offer 1, because it has the lowest APR and lowest total cost of the loan
Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her
budget
Offer 3, because a low monthly payment and the lowest late payment fee
Offer 4, because it has the lowest monthly payment which frees up her budget for more fun
with friends

Answers

Answer:

Offer 2:

Explanation:

I took the test and it was right :)

What is SEO?

A. A place where online discussions are held

B. A way to share information about your products or services

C. A way web page creators attract people to their sites

D. When purchasers bid on the number of clicks on an online
advertisement

Answers

The answer is C.

—Evidence—
•-SEO definition: the process of optimizing your website to get organic, or un-paid, traffic from the search engine results page. ... You do this in hopes that the search engine will display your website as a top result on the search engine results page.

SEO is When purchasers bid on the numeral of clicks on an online advertisement. The Correct option is C.

What do you mean by SEO?

SEO definition: When the procedure of optimizing your website to accumulate organic, or un-paid, gridlock from the tracking engine developments page.

SEO refers to Search Engine Optimization, which is the procedure of increasing the quantity and also differentia of traffic to your website through organic search engine results.

SEO is a technique for inventing and designing a website to rate well in investigation engine results.

When they are improving the importance and quality of traffic to a website from search engines.

Marketing by comprehending how search algorithms work, and what mortal visitors might search.

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explain the role of director of board of directors in public company.
four points​

Answers

Explanation:

The board of directors is elected to represent shareholders' interests. Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation.

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Which characteristic of cash makes it especially susceptible to theft and
fraud?

Answers

The characteristic of cash makes it especially susceptible to theft and fraud is a liquidity

What is liquidity?

Liquidity makes cash susceptible this is because it can easily be used to purchase asset.

Money can be liquidated by converting it into goods or materials for human use.

Therefore, The characteristic of cash makes it especially susceptible to theft and fraud is a liquidity

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Answer: Its lack of a paper trail

Explanation: trust me on this i just did the test

Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?

A. $689,364.25

B. $254,369.25

C. $674,689.33

D. $356,543.89

E. $701,055.34

F. $722,066.88

Answers

F I think the answer is

How does M&S keep existing customers happy?​

Answers

Answer:

Im not sure

Explanation:

Write a 600 word summary in your own words that identifies the main points you learned. Your summary should include at least one question and answer from each quiz. Explain your answers. Use a publishing program to create a safety poster to make workers aware of safety hazards.

Answers

To write a summary with the main points about your learning on a topic, it is essential that you organize your ideas in a logical and objective way. You can also conduct research on trusted sources to increase your information on the topic and the reliability of your ideas.

The statement also calls for a safety poster to be created to make workers aware of safety risks. Some tips for creating an effective poster are:

Use visuals like meaningful imagesUse flashy colors and phrasesHighlight the main points of the subjectDon't use too much text

How to make an effective summary?

It is essential to find the central idea of ​​a text to create your abstract, you can find it in the introduction and usually in the conclusion, where it will be reiterated and justified. After finding the key points of the text, organize them objectively and succinctly, bringing clarity and understanding on the topic.

Therefore, to retain and engage the reader's attention in an abstract or poster on a subject, it is necessary to pay attention to the structure of the activity, using clear and objective language, aligned with the central purpose.

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What is the main difference between a market and a command economy?

Answers

Answer:

Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.

Full-service brokerage firms
a. have lower commissions.
b. offer portfolio management.
C.provide no investment advice.
d. teach you how to do market research.
Please select the best answer from the choices provided
A B C D

Answers

Answer:

b. offer portfolio management.

Explanation:

When the brokerage firms provide full service so they would offer the portfolio management that means it manages the portfolio so that the risk could be minimized and returns could be high via investing the securities in different places rather investing at one place

Therefore option B is correct

Match each law with its correct description.

Answers

Answer:

Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.

Match the law terms and definition:

Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.

Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.

Match the law terms and definition:

Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.

As a result, the significance of the law terms and definition are the aforementioned.

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please help!! Question: Drake begins wearing knee high socks in his videos and concerts? What
happens to the demand for knee high socks?
please helppp!!

Answers

The answer would be B because demand would increase, therefore if there are more consumers there will be less product as people keep buying (therefore p decreases)

A government policy that sets the highest price that can be charged for a good or service is a __________.
A) price peak
B) price ceiling
C) price roof
D) price maximum

Answers

Answer:

B. price ceiling.  

A government policy that sets the highest price that can be charged for a good or service is a price ceiling.

May I get some help

Answers

Answer:

C. Reteach the concept with alternative examples

C. Research the concept with alternative examples

can i have one sentence on how you would describe your favorite icecream

Answers

Answer:

it is chocolatey and peanut buttery and tasty i like moose tracks.

Explanation:

Answer:

My favorite ice cream is minty, with chocolate chunks!

Explanation:

Which is not a type of contamination in a food establishment?
. Biological
Environmental
Chemical
Physical

Answers

Answer:

A. Biological

Explanation:

In a five paragraph essay compare and contrast your state's constitution with the United States Constitution, and determine the impact that each had on the development of American constitutional government. Be sure to focus on the rights granted to the people in each constitution as well as which rights appear to be the most important in each constitution.

Answers

Answer:

hi

Explanation:

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