The profit formula is creating a ___________ ______________ that allows for acceptable profits, given that pricing is tied to the ____________ __________ __________.
Fill in the blank(s) with the appropriate word(s).
Answer:
cost structure
customer value proposition
Business
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A copy machine costs $ 45,000 when new and has accumulated depreciation of $ 44,000. Suppose Print and Photo Center discards this machine and receives nothing. What is the result of the disposal transaction?
A. No gain or loss B. Gain of $ 1, 000 C. Loss of $ 1,000 D. Loss of $ 45,000
Business
Baker, Inc had reported the following details for the year ended December 31, 2017
Net sales $25,450,000 Total assets 17,700,000 Total liabilities 10,300,000 The company's beginning total assets and liabilities were $14,400,000 and $9,200,000, respectively. Calculate the asset turnover ratio for 2017. A) 2.10 times B) 1.20 times C) 1.56 times D) 1.59 times
Business