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fredd [130]
2 years ago
10

Harvey works for Ice Cream Dream, a company that sells commercial ice cream makers. Ice Cream Dream normally has a gross profit

percentage of 30%. Harvey's wife loves ice cream, so he decides to buy her a commercial ice cream maker for her birthday. Harvey paid $650 for a machine that would have normally retailed for $1,000. What, if any, amount must be included in Harvey's gross income
Business
1 answer:
kvv77 [185]2 years ago
5 0

Answer:

$50

Explanation:

Sales - gross profit

Sales = $1000

Gross profit = 1000 *30%

= $300

1000 - 300

= $700, this value is the actual cost

Actual cost = $700

The amount paid = $650

To calculate the amount to be included, we subtract the amount paid from actual cost

= $700 - $650

= $50

Amount to be included in harveys grow income = $50

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Roberta is a customer service representative at a car rental company. Read the passage. Which actions might lead to increased cu
pochemuha

Answer:

Training

Explanation:

Learning within a workgroup is the only way to improve performance. An outstanding representative as Roberta needs to transfer her skills to the rest of the team. One strategy to accomplish that is naming her as responsible for on-board training for the new teamates.

Another strategy is to use surveys after the calls to know what are the opinions of clients regarding services. It allows to identify improvement opportunities.

3 0
2 years ago
How has globalization contributed to the need for diversity awareness in our organizations?
amid [387]

Answer and explanation:

Globalization has lowered barriers among countries. From a computer, people in remote parts of the world can access to information about attracting countries that offer job positions matching their skills. Some of them are qualified employees that contribute to foreign entities to improve thanks to their diverse experience. Of course, firms have noticed this fact and are more conscious nowadays that overseas employees can play a key role in achieving their objectives. That is the reason why they have started to open up positions especially for qualified immigrants.

3 0
1 year ago
Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of res
Fantom [35]

Answer:

EPS will be higher than $2.38

Explanation:

The earnings per share are the income that is accessible to the company's shareholders after all the costs and taxes are deducted. Restructuring costs are one-time costs that are recorded in the income statement as other operating expenses.

The presence of restructuring and other one-time costs in the Revenue Statement leads to lower pre-tax earnings and cause decrease in net profit. When these expenses are excluded, the Earning would increase, resulting in the company's EPS.

4 0
2 years ago
Dave operates his business out of a small storefront, so he does not have a lot of shelf space for his products. Recently, a sec
Verizon [17]

Answer:

Hence , product 1 should be allocated the shelf space

Explanation:

<em>Whenever a company is faced with a situation of large  shortage in resources, To maximize the  use of the resource in short supply the business should allocate the resource to the product that maximizes the contribution per unit of the scare resource.</em>

For example, the resource in short supply here in the question is the shelf space , <em>hence the contribution per shelf should be used to decide how to allocate the available shelf space to the product.</em>

<em>Product 1 gives a contribution per unit of shelf space of $2000 which is higher by $800 that of product 1. </em>

Hence , product 1 should be allocated the shelf space

3 0
1 year ago
The Supplies account for Vulcan Cleaning Services had a debit balance of $200 at the beginning of the month. Additional supplies
dmitriy555 [2]

Answer:

$1,000

Explanation:

Beginning balance in supplies account = $200

The supplies account is an asset account and ordinarily should have a debit balance. If additional supplies of $1,400 were purchased during the month, it goes into the account as a debit.

If at the end of the month, only $600 of supplies was still on hand total supplies expense

$200 + $1,400 - supplies expense = $600

supplies expense = $200 + $1,400 - $600

= $1,000

The supplies expense is debited when supplies are used and the corresponding credit goes to the supplies account.

7 0
2 years ago
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