Zach starts a modest tea store. Zach consults with a few other small business owners he knows for suggestions on how to handle staff, comply with laws, and enhance shop procedures. This instance is a good example of networking.
Sharing information or services between individuals, organizations, or groups is referred to as networking. Additionally, it provides a tool for people to expand their professional or commercial contacts. As a result, people can establish relationships or a network that is beneficial to them in their personal or professional lives.
In order to benefit both parties, networking involves connecting and engaging with others. Your network may be able to offer you guidance if your company is experiencing difficulties. Additionally, you will be able to impart your expertise to others, strengthening your bonds with them. Business networking is crucial because it helps professionals find new possibilities and raises their chances of becoming successful entrepreneurs.
Learn more about Networking here:
https://brainly.com/question/10818154
#SPJ4
which of the following is a metric of sales programs in variable pay plans? question 45 options: return on investment turnover costs accident rates increase in market share
Increase in market share.
Increasing market share entails increasing your company's sales effort and employing new or enhanced methods to assist you get somewhere.
What is variable pay plan?Variable pay, also known as incentive pay or commission, is a method of compensating employees beyond the hours worked and encouraging them to meet goals.Performance-based variable pay assists in rewarding and motivating hardworking employees. An increase in variable pay raises the organization's costs. Organizations can use variable pay to link compensation to revenue and financial performance.Where the fixed-to-variable pay ratio is 60:40. The fixed-to-variable pay ratio for non-sale jobs is 80:20. Variable pay results in a highly motivated employee because their performance directly correlates to a higher incentive. Variable pay, on the other hand, breeds unhealthy competition.To learn more about variable pay refer to :
https://brainly.com/question/28202823
#SPJ4
the laurel corporation starts the year with a beginning inventory of 600 units at $5 per unit. the company purchases 1,000 units at $4 each in february and 400 units at $6 each in october. laurel sells 300 units during the year. laurel uses a periodic inventory system and the fifo inventory costing method. what is the amount of cost of goods sold? multiple choice $1,200 $1,868 $1,500 $1,800
With 600 units in its initial inventory priced at $5 each, the Laurel Corporation is off to a good start. The cost of items sold amounts to $ 1500.
Oldest units must be sold or utilized first according to a solid inventory management system, and inventory should only include recent acquisitions. This can be found in the FIFO costing approach. The FIFO technique gives management little to no control over the choice of units to affect recorded earnings. Inventory valuation and manufacturing costs are both constant and reasonable. The FIFO approach is also simple to use and comprehend.
The stock turnover rate and the frequency of price adjustments both affect how much inventory is valued at current cost. The inventory valuations will take into account the most recent pricing if stocks are changing quickly. The FIFO approach also has other restrictions.
Learn more about Corporation here
https://brainly.com/question/14656092
#SPJ4
richard sands is the ceo of constellation brands, the world's largest wine producer. he has the legitimate power and right to make decisions about how the division is run and to influence others to carry out these decisions. he has:
The Appropriate Response is Authority which is Stated in Choice A.
What is full form of CEO?
The full form of CEO is Chief executive officer. The highest-ranking individual employee within a business is called the CEO (Chief Executive Officer). They are an employee in the sense that they work for the company rather than being elected by shareholders, but they are not your average employee; they have a lot of power and influence within the company.
The CEO of Constellation Brands is Richard Sands. A chief executive officer thereby occupies the highest position within an organization or association.The CEO is responsible for making important executive decisions as well as for the overall success of a company or other organization. They may seek input on important decisions, but they are undisputed experts when it comes to coming to final decisions.
To learn more about Authority, click the links
https://brainly.com/question/14993814
#SPJ4
what is the one overriding goal of a corporation in the secular sphere, according to lead attorneys representing the government in the hobby lobby case?
Contraceptive legislation enacted under the Patient Protection and Affordable Health Care Act violates commercial private companies' rights to religious liberty.
What is legislation?Making and enacting laws by legislation, local, state, or national legislative bodies gives religious liberty.In other contexts, legislation may be used to apply local ordinances and rules and regulations issued by administrative agencies in the exercise of delegated legislative functions. Act Enforcement. A bill that has passed both houses of Congress, been submitted for registration, ratification, signature by the Governor, or through the Office of the Governor, and has been printed. This is a permanent measure with legal effect until it is religious liberty. Primary Law - Law or Statute. Secondary Laws – Statutes (often called SI, Codes, Orders, Regulations, Regulations) To provide detailed rules, regulations or codes of conduct in a particular area of activity (e.g. Road Rules).To learn more about legislation from the given link :
https://brainly.com/question/782960
#SPJ4
examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing procedures are all examples of
Common corroborating procedures include examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing procedures.
What is evidence ?Evidence refers something that can be used to prove something. For example, the evidence presented at the trial, or the trail of breadcrumbs following Hansel's trail through the woods. Evidence is an item presented by a party to make the auditing of a fact more or less likely. Evidence may take the form of testimony, documents, photographs, videos, audio recordings, DNA tests, or other physical objects. There are two types of evidence for auditing . direct evidence and circumstantial evidence testimonies.This is one of the most common forms of evidence given orally or in writing by a witness under oath. It can be obtained in court, by affidavit, or by affidavit.To learn more about evidence from the given link :
https://brainly.com/question/14370298
#SPJ4
a fixed-price contract offers the seller (contractor): a. the same risk as that of the buyer (client) b. a higher risk than the buyer (client) c. a lower risk than the buyer (client) d. guaranteed reimbursement of actual costs
A firm-fixed-price agreement establishes a pricing that is not subject to change based on the contractor's cost performance history.
A government intervention known as a subsidy takes the shape of money or tax breaks. To encourage producers to produce more or at a lower cost, the government provides subsidies. As a result, there will be a greater variety of products available or prices will drop.
The term "equilibrium pricing" refers to the cost established by supply and demand. It is where the supply and demand curves converge. It is the cost consumers are willing to pay, all other things being equal, for a specific amount of a good.
A producer's cost of production will decrease if he receives a subsidy. The product will be less expensive. He is able to afford to give vendors a reduced price because
To know more about the fixed price visit here :
brainly.com/question/14530479
#SPJ4
now that you have identified the problem between the ceo and the portuguese workers as a conflict between individualistic and collectivist cultures, what do you tell the ceo?
Portugal, like the majority of European nations, scored poorly on individualism with a score of 27. As a result, it is a collectivist society. This translates into an intense and sustained dedication to the person's in-group, whether it be their immediate family, their extended family, or other connections.
Explain about the Portuguese collectivist culture?Additionally, because Portugal is a collectivistic country, upholding one's reputation and dignity is crucial to earning respect as an individual and preserving one's family's honor.
The Portuguese indulge their passion of art, music, drama, and dance by taking part in a variety of cultural activities. Portuguese folklore (Ranchos Folclórios) is rich and diverse across the country. A museum and a collection of historic structures can be found in many cities and villages.
Portugal is a predominantly Roman Catholic country that places a lot of value on family. Its rich cultural heritage has been influenced by a variety of cultures, including Celtic, Lusatian, Phoenician, Germanic, Visigoth, Viking, Sephardic Jewish, and Moorish.
To learn more about Portuguese collectivist culture refer to:
https://brainly.com/question/14722529
#SPJ4
You choose option a for overdraft options. What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?.
Your transaction would be denied, you'd have to return the groceries, and you would NOT be charged an overdraft fee.
Only one-time debit and ATM transactions are subject to. If the bank chooses to approve the transaction that would result in a negative balance on your account, it charges an overdraft fee. There are various possible results if the bank rejects the transaction and decides not to pay for it on your behalf. Your card might initially be refused. Although there won't be a cost, the transaction won't go through. Second, non-sufficient funds fees may apply to non-electronic charges like checks. The check won't be cashed, but you'll be charged a cost akin to an overdraft fee.
Complete question:
You choose Option A for Overdraft Options. What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?
(A) Your transaction would be denied, you'd have to return the groceries, and you would be charged an overdraft fee.
(B) Your transaction would be denied, you'd have to return the groceries, and you would NOT be charged an overdraft fee.
(C) Your transaction would be processed so you can purchase the groceries, but you would NOT be charged an overdraft fee.
(D) Your transaction would be processed, but you'd have to return the groceries, and you would be charged an overdraft fee.
To learn more about overdraft click here:
https://brainly.com/question/1739416
#SPJ4
real estate brokers serve as intermediaries by bringing buyers and sellers together in the real estate market. for this service, brokers are paid what is commonly referred to as a:
When brokers serve as intermediaries who bring buyers and sellers together in the real estate market, they get paid what is commonly known as a Commission.
How are real estate brokers paid?In the real estate market, brokers are paid based on commission. This commission is charged on the selling price of the house which means that it is the buyer that pays the commission. The reason real estate brokers get paid a commission is because of their service of bringing the buyers of real estate, to those who want to sell their property in the real estate market.
There can be different rates paid for commission to real estate brokers depending on the services rendered, the location, or how well known the real estate agent is. However, commission paid often ranges between 5% of the selling price to 6%. This means that if a real estate broker sells a property worth $100,000, they can expect between $5,000 and $6,000.
Find out more on real estate commission at https://brainly.com/question/13094656
#SPJ1
the stock of business adventures sells for $60 a share. its likely dividend payout and end-of-year price depend on the state of the economy by the end of the year as follows: dividend stock price boom $ 2.00 $ 73 normal economy 1.50 63 recession 0.70 59 required: a. calculate the expected holding-period return and standard deviation of the holding-period return. all three scenarios are equally likely. (do not round intermediate calculations. round your answers to 2 decimal places.) b. calculate the expected return and standard deviation of a portfolio invested half in business adventures and half in treasury bills. the return on bills is 4%. (do not round intermediate calculations. round your answers to 2 decimal places.)
If the stock of business adventures sells for $60 a share. Expected return is 10.66%, and the standard deviation is 8.64%.
Expected return and standard deviationa. Expected return
Holding period return = (dividend + capital gain ) / purchase price.
Boom: (2 + 73 - 60 ) / 60 = 25%
Normal: (1.5 + 63 - 60 ) / 60 = 7.5%
Recession: (0.7 + 59 - 60 ) / 60 = -0.5%
Expected return = (25 % + 7.5 % - 0.5%) / 3
Expected return = 32 / 3
Expected return= 10.66%
Standard deviation:
Standard deviation = √ (25% - 10.66%)² + ( 7.5% - 10.66%)² + ( -0.5 -10.66%)² / 3
Standard deviation = √ 205.6356 + ( - 106.1356) + 124. 5456 /3
Standard deviation = √224.0456% /3
Standard deviation = √ 74.68%
Standard deviation = 8.64%
b . Expected return
E(rp) = wi[E(r)]+w2[rf]
Expected return = 50%× 10.66% + 50%×4%
Expected return =7.33%
Standard deviation = 50%× 8.64%
Standard deviation = 4.32%
Therefore the expected return and standard deviation for part a is: 10.66% and 8.64%.
Learn more about Expected return and standard deviation here: https://brainly.com/question/24215309
#SPJ1
roductivity is defined as multiple choice question. output produced per hour. workers employed per hour. output produced per worker. workers per unit of output.
The quantity of goods and services produced (output) and the quantity of inputs required to produce those goods and services are used to calculate productivity, which is a measure of economic performance.
What is the relationship between GDP and productivity?Firms are able to generate more revenue, a higher Gross Domestic Product, and a higher level of output for the same amount of input when productivity rises.
Why is it important to increase productivity?An economy can produce and consume more goods and services for the same amount of work as productivity increases. Individuals (consumers and workers), business leaders, and analysts (such as statisticians and policymakers) all place a high value on productivity.
Learn more about economic here:
https://brainly.com/question/17996535
#SPJ4
the united auto workers bargained for higher wages and more benefits for autoworkers. as a result of the higher wages and increased benefits, i. the quantity of new automobiles supplied decreases. ii. the supply of new automobiles decreases. iii. the supply of new automobiles increases.
The united auto workers bargained for higher wages and more benefits for auto workers, and as a result of the higher wages and increased benefits, the supply of new automobiles decreased.
So, the correct option is ii.
The number due to continued labor shortages and the fact that workers didn't always feel valued while putting in long hours during the epidemic, they have become more confident in demanding more from their employers. Fewer cars are produced. The UAW is battling in the state and federal capitals for fairer taxation, cleaner air and water, stronger worker's compensation and unemployment insurance legislation, safe health care and pensions for retirees, and better schools for children.
The United Car Workers Union is a labor group that represents employees in the auto manufacturing sector as well as small manufacturers, state and local governments, educational institutions, medical facilities, and for-profit businesses.
Learn to know more about wages on
https://brainly.com/question/26699459
#SPJ4
t.l. franklin corporation has three costs: a, which is variable; b, which is fixed; and c, which is semivariable. the company uses the high-low method and extracted the following data from its accounting records: at 196,000 hours of activity, cost a totaled $2,642,000. at 110,408 hours, the low point during the period, cost c totaled $1,514,000; at 216,000 hours, the high point, cost c's fixed portion amounted to $2.00 per hour. at 144,000 hours of activity, the sum of costs a, b, and c amounted to $8,194,000. required: a. compute the variable portion (total) of cost c at 110,408 hours of activity. b. compute cost c (total) at 144,000 hours of activity. c. compute cost b (total) at 144,000 hours of activity.
T.l. franklin corporation has three costs : The answer is provided on the supporting sheet. All of the elements have been thoroughly explained and formatted. Refer to the supporting sheet for a more complete answer.
What is corporation?
A corporation is a legal body recognised by private and public law "born out of legislation"; a legal person in legal context) and recognised as such in law for certain purposes. 10 Charters were used to establish early incorporated entities . The majority of governments currently permit the formation of new corporations through registrations. Corporations come in a variety of forms, but are often classified by the law of the country in which they are chartered based on two factors: whether they can issue stock or if they are founded to generate a profit.
To learn more about corporation
https://brainly.com/question/13551671
#SPJ4
Please refer to the photos attached below, I cannot type it here because of so called "inappropriate words"
a company assigns overhead based on direct labor costs. the predetermined overhead rate is $3.00 per direct labor dollar. a job that used a total of 20 direct labor hours ($400 in total direct labor costs) would be assigned $
Answer: $1200
Explanation:
in the public sector, what is one of the biggest complaints about unions? unions require too much of a time commitment from management. unions do not get enough money in dues to operate effectively. unions create unrealistic pension programs for employees. unions do not negotiate aggressively enough.
The most common complaint about unions in the public sector is that they create unrealistic pension plans for employees.
What is public sector?The public sector, also known as the state sector, is a sector of the economy that includes both public services and public enterprises. The public sector is the portion of the economy made up of all levels of government and government-controlled businesses. It excludes private businesses, non-profit organizations, and households. Public sectors include the military, law enforcement, infrastructure, public transportation, public education, and health care, as well as those working for the government itself, such as elected officials. In India, there are three types of organizations used for public sector enterprises. (1) Departmental Undertaking, (2) Statutory (or Public) Corporation, and (3) Government Company are the three types.To learn more about public sector, refer to:
https://brainly.com/question/27391845
#SPJ4
vaughn hager started his one-man consulting business under the name hager associates. he likes that he does not have to consult anyone else when making decisions. the legal structure for the company can best be described as a(n):
The legal structure of the company can best be described as a proprietorship.
What is a proprietorship?A proprietorship is described as a form of the legal structure of a company that is entirely controlled and owned by a single individual. It is important to mention that such a business structure involves no other partners and the owner alone benefits from the profits. Furthermore, the owner as well as faces issues because he has to face all the risks.
In this scenario, Vaughn Hager started a consulting business under the name of Hager associates, and he was the only person who solely operated the business. It is important to highlight that he does not have to consult anyone because he alone manages the entire business.
It can be concluded that the legal structure of the company can best be described as a proprietorship.
To know more about, proprietorship, check this link:
https://brainly.com/question/12913114
#SPJ4
on december 1, 2001 pimlico made sales to a customer in india and recorded accounts receivable of 10,000,000 rupees. the customer has until march 1, 2002 to pay. on december 1, 2001, pimlico paid $500 for a put option to sell rupees at a strike price of $2.30 per 100 rupees on march 1, 2002, which was the spot rate on december 1, 2001. on december 31, 2001, the spot rate was $2.80 per 100 rupees and the option premium was $0.004 per 100 rupees. if the spot rate on march 1, 2002 was $2.45 per 100 rupees, what is the foreign currency exchange gain or loss that should be recorded that day?
The foreign exchange gain that should be reported that day is $50,000.
How are foreign exchange gains determined?
A foreign exchange gain or loss occurs when a firm buys, sells, or exchanges products and services in a foreign currency and that currency fluctuates in respect to their home currency. It could lead to differences in the values of the financial commitments and assets, which must be periodically recognized until they are fully resolved.
Subtract the account receivable's original seller currency value from the value that was converted to seller currency at the time of collection to determine any forex gain or loss. A gain in foreign exchange is represented by a positive outcome, whereas a loss in foreign exchange is represented by a negative consequence.
In the above question,
Accounts receivables= $10,000,000
Strike price= $2.30
Spot rate= $2.80
forex gain or loss= (10,000,000/100)*(2.80-2.30)
forex gain or loss= $50,000
Learn more about foreign exchange gain or loss: https://brainly.com/question/23800620
#SPJ4
g if the real exchange rate is 1, then there is a a. surplus of 100 so the real exchange rate will fall. b. shortage of 100 so the real exchange rate will rise. c. shortage of 100 so the real exchange rate will fall. d. surplus of 100 so the real exchange rate will rise.
g if the real exchange rate is 1, then there is a surplus of 100 so the real exchange rate will fall.
A change is a market in which securities, commodities, derivatives, and different monetary gadgets are traded. The middle feature of a change is to make certain truthful and orderly buying and selling and the green dissemination of fee facts for any securities buying and selling on that change. A change is a market in which monetary gadgets are traded. They may be both physical, just like the New York Stock Exchange, or only digital. By centralizing the shopping for and promoting of a specific instrument, the exchange's goal is to make buying and selling truthful for all and as green as possible. The term “change” has numerous definitions. At a simple level, it refers to the act of giving something if you want to get hold of every other issue of equal cost, together with changing coins for goods. In economic terms, it is able to talk to buying and selling one foreign money for its equal cost in every other foreign money.
Learn more about the exchange here
https://brainly.com/question/26349405
#SPJ4
jan throng invested $31,000 in the invesco charter mutual fund. this fund is a front load fund with 5.50 percent commission. calculate the amount of commission jan will pay when the fund is purchased.
The amount of commission Jan will pay when the fund is purchased is $1,705.
What do you mean by fund?
A fund is a collection of money set aside for a specific purpose. A fund can be established for a variety of reasons, such as the government setting aside funds to build a new convention centre, a college setting aside funds to grant a scholarship, or an insurance company setting aside funds to repay its customers' claims.
The investment is $31,000 in the invesco charter mutual fund and fund is a front load fund with 5.50 percent commission,
so, 31000 x 5.50 %
= $1,705 commission paid
To learn more about fund
https://brainly.com/question/14671297
#SPJ4
susan tynan, shop steward for unite here local 1, says that the wages for housekeepers have increased to over $14 per hour and the company wants to take them back to $8.83 per hour. considering this statement, which of the following is the most likely reason the company is against unionization? problems with temporary vs. full-time employees profitability concerns concerns about their freedom for managing employees concerns about creating inefficiencies at work
The option that is most likely reason the workers elected to unionize is option C: concerns about their freedom for managing employees
What problems are there in an organization?When an employee does not feel content in their job, it is called job discontent. This may be the result of a variety of personal and professional factors, including a lack of advancement, subpar management, a lack of work-life balance, and others.
Note that Poor management is a major factor in why workers perform poorly at work and as such the workers in the above scenario are in dissatisfaction with the management.
Learn more about dissatisfaction from
https://brainly.com/question/14523641
#SPJ1
aviva's company frequently needs a software specialist to update its highly unique computer systems. aviva is trying to determine if she should pay the high salary and benefits of a full-time employee or use a contingent employee when needed. what is one reason aviva would reject the idea of using a contingent workforce?
Aviva's company frequently needs a software specialist to update its highly unique computer systems. one reason Aviva would reject the idea of using a contingent workforce is the high cost of turnover. Option C
This is further explained below.
Who is a software specialist?Generally, A computer expert who is also proficient in the usage of a particular piece of computer software is known as a software specialist.
Developing training on software systems, doing system tests to discover software failure spots, and working with customers to collect requirements are some of the job activities that you will be responsible for if you choose this line of employment.
The business owned by Aviva has a regular need for the services of a software professional to maintain its highly specialized computer systems.
Because of the significant expense associated with employee turnover, Aviva is likely to reject the concept of hiring a contingent workforce. Alternative C
Read more about software specialists
at https://brainly.com/question/23486698
#SPJ1
________ flows are the physical products, raw materials, supplies, and so forth that flow along the chain.
Material Flows are the physical products, raw materials, supplies, and so forth that flow along the chain.
Logistics' subfield of material flow deals with the movement, packing, and supplies storage of various kinds of items. The movement of commodities within a corporation is referred to as an internal material flow.
On the basis of routine material flow assessments, the logistics chain from the supplier to the consumer can be successfully and sustainably Material Flows optimized. For the purpose of identifying weak places in the material supplies flow, these assessments of material flow keep track of processing, storage, and transport activities. Designing material flows for the sole purpose of reducing costs, speeding up throughput, and minimizing waste is Material Flows the goal.
Learn more about Material Flows here
https://brainly.com/question/22926669
#SPJ4
Many birth control pills release a constant amount of synthetic estradiol and progesterone for 21 days, followed by 7 days during which no hormones are ingested. Which of the statements describes the effects of birth control pills?.
For the duration of a woman's menstrual cycle, neither hormone allows the ovary to release an egg (called ovulation). They accomplish this by altering the body's normal hormone production levels. Progestins also thicken and make sticky the mucus that surrounds a woman's cervix. As a result, sperm are less likely to penetrate the uterus.
What is the most secure kind of birth control?In general, progestin-only or combination low-dose birth control tablets are regarded as the safest because they have the lowest chance of creating blood clots.The IUD and implant are the most user-friendly and reliable forms of birth control, and they also work the best at preventing conception. If used properly, other birth control methods, such as the pill, ring, patch, and injection, are also quite effective at preventing pregnancy.The combination pill, the progestin-only pill, and the continuous use pill are the three varieties now on the market.For the duration of a woman's menstrual cycle, neither hormone allows the ovary to release an egg (called ovulation). They accomplish this by altering the body's normal hormone production levels. Progestins also thicken and make sticky the mucus that surrounds a woman's cervix. As a result, sperm are less likely to penetrate the uterus.To learn more about Progestins refer to:
https://brainly.com/question/23212226
#SPJ4
during her performance appraisal, jane received feedback from her peers, supervisors, subordinates, and customers. this type of feedback is called . a. 180-degree feedback b. upward feedback c. 360-degree feedback d. downward feedback
Jane received feedback from her peers, supervisors, subordinates, and customers. This type of feedback is called 360-degree feedback.
A 360-degree feedback process involves gathering feedback from an employee's peers, superiors, and subordinates as well as from the employee themselves.
Employees that participate in a 360-degree feedback system or process receive private, anonymous feedback from those who work with them. The management, colleagues, and direct reports of the individual are frequently included in this.
Sometimes behavioral details for each rating are included in 360-degree feedback. For instance, one 360-degree feedback sample evaluated the individual as "including the following description: "This person is quite silent in meetings and does not communicate well with their management. Usually, they merely remain silent and make an effort to blend in."
Hence, Option C is correct.
To know more about 360-degree feedback: https://brainly.com/question/14128453
#SPJ4
two years ago, apple admitted to slowing down processors in older iphones to extend battery life and responded by cutting the cost of a replacement battery from $79 to $29. this is an example of .
Two years ago, apple admitted to slowing down processors in older iphones to extend battery life and responded by cutting the cost of a replacement battery from $79 to $29. this is an example of ethical responsibility.
What is ethical responsibility?This is the term that is used to refer to the aspects of businesses that has to do with the ability to recognize as well as be able to act upon the principles that would be of value in a given field or area.
This is an ethical responsibility given that it helps to show that the business made the decision and also took upon them to reduce the cost that the people would need to be able to get the battery.
Read more on ethical responsibility here: https://brainly.com/question/14757283
#SPJ1
suppose you are earning $50,000 accounting profit in your current laundromat business. if your other options were to earn $50,000 accounting profit running a yogurt shop, or $45,000 being a florist, or $60,000 running a beauty shop, what is your economic profit?
The economic profit is a loss of $10,000.
Revenue minus explicit costs minus opportunity cost equals economic profit (or loss). Explicit costs include all costs that are typically accounted for, such as labor, materials, marketing, depreciation, and taxes.
Imрliсit costs are the opportunity costs, or the next best alternative that you could have chosen.
economic profit = revenue - explicit costs - opportunity cost
= $50,000- $60,000 = -$10,000.
Learn more on economic profit -
https://brainly.com/question/15036999
#SPJ4
a worksheet can be thought of as an: a. part of the general ledger b. permanent accounting record c. optional device used by accountants d. part of the journal
A worksheet can be thought of as an part of the general ledger. A ledger is a physical or digital record that contains entries for bookkeeping.
What is ledger?A ledger is a physical or digital record that contains entries for bookkeeping. For one account, one type of transaction, or—in the case of a general ledger—summarized data for all of a company's financial activities throughout a time period, ledgers may contain detailed transaction information. A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would record each transaction as either a debit or credit in distinct columns.A worksheet used by the accounting division to model and analyze account balances is known as an accounting worksheet. For checking that accounting entries are obtained accurately, a worksheet is helpful. Tracking changes to an account from one period to the next can also be useful.
To learn more about ledger refer to:
https://brainly.com/question/17143087
#SPJ4
the purpose of the post-closing trail balance is to: a. list all the balance sheet accounts in alphabetical order b. prove the equality of the balance sheet accounts carried forward into the next accounting period c. prove the equality of the income statement accounts carried forward into the next accounting period d. prove that no mistakes were made
The purpose of the post-closing trail balance is to prove the equality of the permanent account balances that are carried forward into the next accounting period.
An account's balance at the conclusion of a reporting period that has a non-zero balance is included in a post-closing trial balance. In order for the total of all debit balances to match the total of all credit balances, which should net to zero, the post-closing trial balance must be accurate. There are no revenue, cost, gain, loss, or summary account balances in the post-closure trial balance since these temporary accounts have already been closed and the funds transferred to the retained profits account as part of the closing procedure.
Any income, cost, gain, loss, or summary account balances that are recorded in the trial balance after the closure procedure are related to the upcoming accounting period.
Learn more about Post-closing trial, here
https://brainly.com/question/14562385
#SPJ4
the structural unemployment rate is 1.5 percent, the frictional unemployment rate is 3.1 percent, and the economy's current unemployment rate is 6.9 percent. the economy is in
If the structural unemployment rate is 1.5 percent, the frictional unemployment rate is 3.1 percent, and the economy's current unemployment rate is 6.9 percent, the economy is going to be in the recessionary gap because they are producing less than the GDP.
How to solve for the unemployment rateThe formula for the natural unemployment rate would be: structural unemployment rate + frictional unemployment rate
This would be 1.5 + 3.1 percent
= 4.6%
We can see that the current unemployment rate is higher than the natural rate of unemployment therefore we would say that the nation is in a state of recessionary gap producing less than the GDP
What is unemployment?This is the term that is used to refer to the situation that is knwon to exist in a government where the people that are willing and are able to do work are unable to get the work and the jobs that they are to offer.
There are different states of unemployment. These are the cyclic unemployment, the frictional unemployment and other forms of unemployment in the society.
Read more on unemployment here:
https://brainly.com/question/305041
#SPJ1
in 2025, the robinson company switched its inventory method from fifo to average cost. inventories at the end of 2024 were reported in the balance sheet at $22 million. if the average cost method had been used, 2024 ending inventory would have been $20 million. ending inventory in 2025 is $23 million using average cost, and would have been $26 million if the company had not switched from the fifo method. the company's tax rate is 25%. the effect of the change in method on 2025 income before taxes is a:
A million dollars less will be made before taxes in 2025 as a result of the method change.
First In, First Out (FIFO): What Is It?First In, First Out, also known as FIFO, is a method of managing assets and valuing them that prioritizes the sale, use, or disposal of assets that were produced or acquired first.
For taxation purposes, FIFO presumes that the cost of goods sold on the income statement includes the assets with the oldest costs (COGS). The assets in the inventory that are still available are compared to those that were just bought or made.
Calculation:
Inventory's average cost rose by $3 million ($23 million minus $20 million).
There would have been a $4 million increase in FIFO inventory ($26 million minus $22 million).
As a result, selling costs at average cost are $1 million higher than selling costs at FIFO.
This lowers net income by $750,000 and income before taxes by $1 million.
Learn more about the FIFO method with the help of the given link:
brainly.com/question/17924678
#SPJ4
