Money that a business has been paid in advance for a service that will be provided later is called _____.
A、accrued revenue
B、accrued expense
C、unearned revenue
D、prepaid expense
A、accrued revenue
B、accrued expense
C、unearned revenue
D、prepaid expense
37 Interest is the amount of money which
A a bank lends to people.
B a bank loans to businesses.
C a bank pays you.
D a bank uses.
Uncle Li and Uncle Wang were unhappy because ______.
A.they had sustained losses in business
B.they had lost some money in the city
C.other people profited in the city
A.In a doctor's office.
B.In a professor's office.
C.In a lawyer's office.
D.In a businessman's office.
What is a Profit
Entrepreneurship is directly responsible for production. The business person (entrepreneur) takes a cue from consumers in deciding what they want or. in the case of a new product,_______ (1).
Profit means different things to different people. According to some public opinion polls, many people are not sure what it is, but they are sure_______ (2). Workers may look at profit as an unfairly large payment to the entrepreneur that deprives them of a higher wage. The business person thinks of profit_______ (3). During negotiations before the settlement of the second baseball strike in August, 1985, the Players' Association claimed the owners had made profits of $ 91 million, an accounting firm said owner profits were $ 43 million, and the owners insisted they had lost $ 9 million. The truth was that all three were correct. The disparity in the figures was due to the fact that each group was defining profit differently.
Let us now see if we can develop a more exact definition of what profit is. Gross profit is the difference between what a business firm sells its product for and what it costs to pro- duce that product. The merchant buys $ 200,000 worth of merchandise during the year and sells it for $ 270,000. His gross profit is $ 70,000, The percentage difference between his cost and the selling price is 35 percent, and he calls this markup.
Net profit is_______ (4): rent, wages, and interest and setting aside money to allow for the loss due to depreciation (wearing out) of capital. Our merchant has to subtract from his gross profit his payments for rent ($ 6,000), wages ($ 20,000) , interest on money borrowed ($1,000), repairs and upkeep ($1,000), taxes ($1,000), electricity and other expenses ($1,000). Expenses for operating the .business come to $ 30,000. Gross profit is $ 70,000, and net profit is $ 40,000.
Economists have a narrower definition of what constitutes profit. They are concerned with payment for all the resources that have gone into production,_______ (5), like those listed above, or from inside the business.
A.what profit really means
B.it is too large and represents too much of the consumer's dollar
C.whether they come from outside the business
D.as the difference between total revenue and total cost
E.what the business person has left after paying expenses
F.what they might want
第 46 题
请选择(1)处的最佳答案.
After Geraldine found premises, it was difficult for her to
A.run both parts of the business.
B.find enough clients to deliver to.
C.afford the rent of the building.
According to the article, teamwork developed within companies as a response to
A.A modern office desig
B.B changing work practice
C.C a reduction in administrative task
D.D the expansion of international busines
A.Electronic business
B.Electrical business
C.Electricity business
D.Electric business
What can be learned about the on-line doctors' visits?
A.They are a quite promising business.
B.They are funded by the local government.
C.They are welcomed by all the patients.
D.They are very much under experimentation.
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A.She was an excellent student at college.
B.She works in the entertainment business.
C.She is fond of telling stories in her speech.
D.She is good at conveying her message.
A.Persons who have salaries agreed to in long-term contracts.
B.Persons who own businesses.
C.Persons with pensions.
D.Persons with slow-rising incomes.
To today's Americans, productivity improvements
A.is a timely benefit.
B.helps their business to be more competitive.
C.restrains the job growth.
D.hold back the GDP growth.
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