Match each one of the following descriptions with the correct answer.

The statements belong to various business and management terminologies

1. It directly affects the firm's activities. - Micro Environment

2. It is all forces and events outside organization effect on its activities. - External Environment

3. It refers to the size and geographic distribution of the population. - Demographic

4. It does not immediately affect the activities of the firm. - Macro environment

5. It affects the firm on both the revenue side and cost sides. - Economic Aspects

6. A firm should develop, maintain and enhance a good business image. - Corporate Image

7. This includes laws, ordinances, and regulations. - Politico-legal

8. The social behavior of the employees greatly affects the working of the business. - Human resources.

9. It is a term covering all financial funds of the organization. - Financial Resources

10. It is where all functions within a firm are.​ ​​ ​- Internal Environment

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Answer:

Celebrities act as role models to many young people and can influence the way they dress, act, and think; they can also bring people together for a certain cause, promote constructive or detrimental lifestyles, and lastly, persuade them to their own political and social viewpoints.

Hope it helps

Explanation:

Depending on the specifics of the transaction, if a business's total assets decline, the sum of its liabilities and owner equity may or may not also do so.

Every business transaction affects the components of accounting in two different ways. The three main components of accounting are capital, liabilities, and assets. The two fold effect states that an equal amount is given for every value received.

By using debits and credits to record each transaction when using the accounting equation, this method of bookkeeping is referred to as double-entry bookkeeping.

The examination of transactions kicks off the accounting cycle. It is crucial to properly analyze business transactions because it guarantees accurate journal entries.

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From the given data, The unemployment rate is calculated to be 20%

This is the term that is used to refer to the rate at which the people that are able to work in a given population do not have the jobs that they require in the society.

Non- institutionalized population = 250 - 20 - 25 - 10 = 195 million

Labor force = 195 - 15 - 10 -20 = 150 million

Employed population = 100  + 20 = 120 million

Unemployed population = 150 - 120 = 30 million

unemployment rate = 30 / 150 x 100 = 20 percent

Hence the unemployment rate is 20 percent

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The advice will be given to the company will be

A license is referred to as a kind of document which provides legal permission to sell any product or provides the rights to hold any authority. These licenses are of different types based on business.

Licensing might be an attractive style of business if XYZ is a small manufacturer with limited global experience and if the outlook for the marketplace is positive.

It is suggested that managers should compare the projected profitability of a proposed licensing venture with the future profits of alternative entry modes through which can they reasonably decide on licensing as their primary entry mode.

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Answer: Scene 1: acting out Proper Phone Etiquette :

She should go over the rules and demonstrate the 8 rules I have listed below to the people so they can better grasp, and understand.

Scene 2: She should talk over it and then show them examples of what to do so they can better understand and grasp the topic.

Proper Phone Etiquette

1) Talk in a cheerful tone.

2) Make sure to introduce yourself properly.

3) Never let the phone ring for too long.

4) Keep the proper phone distance from the mouth.

5) Speak in a straightforward yet concise way.

6) Be considerate about putting the caller on hold.

7) Don’t use the speakerphone.

8) Actively listen, and take notes to keep track of things.

Characteristics and Etiquette: important to hospitality and the tourism industry.

A POSITIVE ATTITUDE

One of the essential traits in the industry is in the name itself. Employees have to be hospitable to customers so that they can rely on them to satisfy their needs. A can-do or positive attitude can smooth ruffled feathers or disgruntled customers faster than a stoic disposition. A reward system will ensure that employees maintain this attitude and that your customers remain satisfied even if they don’t feel up to it.

COMMITMENT

Commitment determines success in the hospitality industry but maintaining it is not everyone’s forte. Many employees may start out committed, but their enthusiasm eventually wanes if they realize that the field is not for them. Rather than risk bored employees, search for candidates who have a deep understanding of the industry and who can keep clients happy at all costs. Unenthusiastic workers never make it past entry-level jobs while committed ones go the extra mile to ensure organizational success. They also make a point of serving customers in the best manner possible and are more enthusiastic during training sessions.

LEADERSHIP SKILLS

In the hospitality industry, strong leadership skills set successful employees apart from those who are just in it for the money. The former is more productive and proactive which makes them valuable additions to any team. Most are able to handle complex plans and make contributions to them that can elevate customer experiences, reduce downtime and increase team morale. That is why most prolific managers in the industry start off as entry-level employees who are not only proactive but who also demonstrate good leadership skills.

ORGANIZATION SKILLS

Individuals who are involved in the hospitality industry have to multitask and for that, they need to be organized. They have to be capable of juggling multiple tasks at all levels and handling several responsibilities simultaneously. For instance, on a typical day, a manager may have to handle disgruntled guests, stand in for an AWOL server, put out a kitchen fire, aid an injured worker, and all while maintaining a smile on his/her face. The work is fast-paced which can be overwhelming if your employees are not organized.

CONNECTIONS

One of the critical skills employees need to have in the hospitality industry is the ability to create and maintain a professional network. That is the best way to move your career forward in this industry and encourage customers to remain loyal patrons. Besides other professionals, this includes returning guests who make a significant portion of the income the business gets. Employees who can nurture those connections have higher chances of being promoted to management.

PROBLEM-SOLVING SKILLS

Hospitality employees have to be strong multi-taskers and that means solving problems as they come across them. Time is money in this industry especially when it comes to customer satisfaction. This includes creating innovative solutions for complex issues, identifying routine customer complaints, and ensuring the solutions they implement are effective. They are also careful in ensuring they do not violate predetermined policies and procedures that are in place to protect the business. The more versatile they are, the faster and more effectively they can root out issues.

Jannah is teaching a course on hospitality and tourism. Professional ethics is a combination of norms, values and personal behaviors, which is concentrated in the standards, rules and hierarchy of the company.

What are the characteristics of those who work with tourism?

1.scene 1: You should always be polite, greet callers with a good morning, and inquire about their well-being.

Show that he is enthusiastic and genuinely thrilled about the vacation in scene 2.

3. The tourism course develops professionals who can organize, promote, publicize, and plan vacations, events, and other leisure and professional activities. The professional needs to be aware of political, economic, social, cultural, and environmental factors, as well as have a broad perspective.

4. Considering Michael's expected career path, from dishwasher to chef, Michael may add in a digital portfolio his experiences, his specializations, and award-winning dishes from the restaurant where he works to make him a competitive candidate for the role of chef.

5. The work ethic is the belief that work and diligence have a moral benefit and an inherent ability, virtue, or value to strengthen individual character and abilities. It is a set of values ​​centered on the importance of work, manifested in the determination or desire to work hard.

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Hospital can be build in any undeveloped areas or buildings to improve economy and conditions.

Development of hospital would improve the economy and generate employment opportunities in the area which they are build. The repair of building requires several workers and departments to manage them.

For those who have done various degree and study can provide the regular checkups to the patients for the healthcare concern of the people residing in that particular areas and provide opportunity to earn to daily wage earners.

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Explanation:

what is a right triangle

The two personal financial statements are D. personal balance sheets and cash flow statements.

A personal balance sheet summarizes the individual's assets, liabilities, and net worth.

Assets describe the personal belongings of the individual. Liabilities refer to the total value of a person's belongings owed to others. The net worth shows the difference between the assets and the liabilities.

A personal cash flow statement summarizes a person's cash inflows and outflows in a given period.

A personal cash flow statement shows whether the individual possesses a positive or negative net cash flow that can be put into an investment portfolio for more wealth creation.

Thus, the two personal financial statements are in Option D.

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Answer:

Unit 9 quiz (STUDY GUIDE)

What are the two main types of personal financial statements?

personal balance sheets and cash flow statements

Yusef’s financial advisor tells him that he has made a great budget. Why was he MOST likely successful with his budget?

He chose realistic amounts for each category.

 Tyson’s financial planner asks him to raise the amount of his liquid assets. How can he BEST accomplish this?

Put money in his savings account.

Cali wants to work on improving her money management skills. To start, she needs to gather financial records. What type of financial record would MOST help her begin this process?

her yearly tax forms

 Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?

a mental budget

What is TRUE about the three main components of money management?

Each of the components is connected and builds off of the others.

Ira budgeted $1000 for his expenses this month, but he spent $1500. In order to be fiscally responsible, what does Ira need to do now?

Reexamine his budget; he had a $500 deficit this month.

Which of the main components of money management includes cash flow statements of income and expenses?

personal financial statements

What is NOT one of the main components of money management?

tracking interest rates

Cheng is making a trip to her safe deposit box. What is she MOST likely planning to do?

Put her marriage license in a secure location.

Liabilities are the amounts of money due to others that need to be paid now.

True

Carlos and Keisha have a monthly income of $25,000. They have monthly expenditures that total $30,000. What is TRUE about their cash flow?

They have a $5,000 deficit.

Amira budgeted $400 for her expenses this week. She spent $350. What is TRUE about Amira’s budget and spending?

Amira has a surplus of $50 this week.

What is the term for assets that can be quickly and easily converted to cash?

liquid assets

You are creating a budget with your family. What is one important thing to keep in mind as you come up with a plan for spending?

Don’t forget to include a way to save money for possible emergency situations.

Explanation: 100%

Answer:

Sole Proprietorship

Partnership

Corporation

Explanation:

Hope this helps! :D

Answer: 5 marks

Explanation:

Answer:

The cash flow statement makes adjustments to the information recorded on your income statement, so you see your net cash flow—the precise amount of cash you have on hand for that time period. For example, depreciation is recorded as a monthly expense

Explanation:

Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is constantly moving into and out of a business. For example, when a retailer purchases inventory, money flows out of the business toward its suppliers.

Answer:.

Explanation:

The preparation of the income statement for the year ended April 30, 2019, for Adventure Travel Service, is as follows:

Adventure Travel Service

For the year ended April 30, 2019

Fees earned                                  $2,180,000

Expenses:

Office expense           $400,000

Miscellaneous expense 25,000

Wages expense         1,300,000 $1,725,000

Net income                                    $455,000

An income statement is the first financial statement prepared at the end of an accounting period to determine an entity's financial performance (profit or loss).

An income statement shows the difference between the revenues and the expenses, called the Net Income.

Fees earned $2,180,000

Office expense 400,000

Miscellaneous expense 25,000

Wages expense 1,300,000

Thus, after preparing the income statement of Adventure Travel Service for the year ending April 30, 2019, there was a net income of $455,000.

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Answer:

D) a retail or commercial bank

Explanation:

An example of a financial institution is a retail or commercial bank. Thus the correct option is D.

An institution that is in the industry of managing monetary and financial transactions, such as savings, loans, and investments, in order to assist with finances that require repayment at a later time and carry a specific rate of interest is known as a financial institution.

A bank is a type of financial institution that enables customers to deposit and withdraw cash as well as borrow money at a set interest rate for use in investments which is repaid by them on a later date with a certain rate of interest.

Reduced transaction fees, reduced likelihood, and increased liquidity are the goals of the economic system in order to create a platform for the establishment of new businesses that strengthen the national economy.

Therefore, option D is appropriate.

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Organizational skill is important in profession. Accounting skills require analysis, detailed orientation, communication etc.

Organizational skills are required in many professions. Analysis, detailed orientation and communication are some of the organizational skills.

This skills are called as soft skills. communication, team work, and other interpersonal skills are some of the interpersonal skills. Analysis, decision making and innovation are required for organizational skills.

Therefore, Organizational skill is important in profession. Accounting skills require analysis, detailed orientation, communication etc.

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Answer:

A data table helps you organize structured data and allows sorting of the table by column or content. This table is ideal for nonchronological information such as majors lists, offices or department lists, or lists of links to documents.

Explanation:

Answer:

A table helps you recognize the relationships among data and evaluate the data more effectively. Tables can be organized in many different ways, depending on what relationships you wish to examine. Tables can be a first step toward more complex ways of organizing data, such as charts or graphs.

To write the transaction in T-account First, a large letter T is drawn on a page. The title of the account is then entered simply above the pinnacle horizontal line, while beneath debits are listed on the left and credit are recorded on the right, separated with the aid of the vertical line of the letter T. A T-account is also known as a ledger account.

Accountants use T accounts in order to make double entry machine bookkeeping simpler to manage. A double entry device is a distinctive bookkeeping system where each and every entry has an additional corresponding entry to a special account.

One of the quintessential principles of economic accounting is the T account. A T account resembles the letter T and visually represents the debit and deposit entries of economic transactions. Because T bills are posted into the General Ledger of a business, they're also generally identified as ledger accounts.

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The life insurance cash needs approach includes an emergency reserve refund designed primarily to cover the cost of unexpected expenses.

A cash-value life insurance policy might be viewed as an investment. In certain businesses, a part of the premiums is placed in a cash savings account where it earns interest and may result in tax savings. Life insurance is a contract between a policyholder and an insurer wherein the insurer agrees to pay a sum of cash in exchange for a premium upon the demise of an insured person or after a predetermined amount of time. When an insured individual passes away too soon, the main goal of life insurance is to compensate dependents financially. When the insured person passes away, the life insurance pays predetermined cash known as a "death benefit" to the designated beneficiary.

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The  discount rate that  would make  the company  indifferent between these two projects is 16.48%

What are the differential cash flows between the two projects?

The differential cash flows are the differences between the cash flows of the two projects, in other words, we can determine differential cash flow by deducting cash flows of the second project from that of the first project

Year 0=-$ 37,500--$ 37,500=$0

Year 1=$17,300-$5700=$11,600

Year 2=$16,200-$12,900=$3,300

Year 3=$13,800-$16,300=-$2,500

Year 4=$7,600-$27,500=-$19,900

The discount rate that makes the company indifferent between the two projects is the internal rate of return of the differential cash flows using a financial calculator:

CF0=0

CF1=11600

CF2=3300

CF3=-2500

CF4=-19900

CPT(press compute)

IRR=16.48%

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The company's sales revenue for the year is $343,500 (2nd option).

Sales revenue is the total amount earned by a company from its activities before any deductions are made. Operating income is the income of a company from it core activities after deductions have been made from the sales revenue.

In order to determine the operating income from the sales revenue, operating expenses e.g wages, depreciation and the cost of good sold would be subtracted from sales revenue. Net income differs from operating income because in addition to all the deductions made from sales revenue to arrive at operating income, net income also deducts taxes and interest expenses.

If the operating income is given, in order to determine the sales revenue, add salaries, depreciation and cost of goods sold to income from operations. Dividend revenue is not included in the calculation because it not part of the income derived in the course of the company's activities.

Sales revenue = income from operations + depreciation + cost of goods sold + salary expense

$210,000 + $12,500 + $9,000 + $112,000 = $343,500

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1a. The preparation of the income statement for the current year ended December 31 is as follows.

Tybalt Construction

For the year ended December 31

403 Services revenue                                $103,000

406 Rent revenue                                           17,000

409 Interest revenue                                       5,700

Total Revenue                                            $125,700

Total Expenses:

606 Depreciation —Building     12,320

612 Depreciation —Equipment  6,000

623 Wages expense                43,300

633 Interest expense                5,000

637 Insurance expense            8,700

640 Rent expense                    11,100

652 Supplies expense            6,900

683 Property taxes expense  4,400       $97,720

Net income                                              $27,980

1b. The preparation of the statement of retained earnings for the current year ended December 31 is as follows.

Tybalt Construction

For the year ended December 31

Beginning balance   $125,500

Net income                   27,980

Dividends                      (11,200)

Ending balance        $142,280

1c. The preparation of the classified balance sheet at December 31 of the current year is as follows.

Tybalt Construction

As at December 31

Current Assets:

101 Cash                                          $ 6,500

126 Supplies                                    33,300

128 Prepaid insurance                      8,500

Total current assets                                             $48,300

Long-term Assets:

167 Equipment                              $40,000

168 Accumulated depreciation    (20,000)

173 Building                                   168,000

174 Accumulated depreciation    (56,000)

183 Land                                         69,580     $201,580

Total assets                                                     $249,880

Current Liabilities

201 Accounts payable                $15,500

203 Interest payable                     2,200

208 Rent payable                          3,000

210 Wages payable                       2,900

213 Property taxes payable             900

236 Unearned revenue               16,100      $40,600

Long-term Liabilities:

251 Long-term notes payable                        60,500

Total liabilities                                               $101,100

Equity:

307 Common stock                  $6,500

318 Retained earnings            142,280       $148,780

Total liabilities and equity                          $249,880

2. The preparation of the necessary closing entries at December 31 of the current year is as follows.

a) Closing Expenses to Income Summary:

Debit Income Summary  $97,720

Credit:

606 Depreciation —Building     12,320

612 Depreciation —Equipment  6,000

623 Wages expense                43,300

633 Interest expense                5,000

637 Insurance expense            8,700

640 Rent expense                    11,100

652 Supplies expense            6,900

683 Property taxes expense  4,400

b) Closing Revenue to Income Summary:

Debit 403 Services revenue $103,000

         406 Rent revenue            17,000

         409 Interest revenue        5,700

Credit Income Summary $125,700

c) Closing Income Summary to Retained Earnings:

Debit Income Summary $27,980

Credit Retained Earnings $27,980

d) Closing Dividends to Retained Earnings:

Debit Retained Earnings $11,200

Credit Dividends $11,200

TYBALT CONSTRUCTION

December 31

Number Account Title                      Debit         Credit

101 Cash                                          $ 6,500

126 Supplies                                    33,300

128 Prepaid insurance                      8,500

167 Equipment                                40,000

168 Accumulated depreciation—Equipment $ 20,000

173 Building                                   168,000

174 Accumulated depreciation—Building        56,000

183 Land                                         69,580

201 Accounts payable                                       15,500

203 Interest payable                                          2,200

208 Rent payable                                               3,000

210 Wages payable                                            2,900

213 Property taxes payable                                  900

236 Unearned revenue                                    16,100

251 Long-term notes payable                        60,500

307 Common stock                                          6,500

318 Retained earnings                                 125,500

319 Dividends                               11,200

403 Services revenue                                 103,000

406 Rent revenue                                          17,000

409 Interest revenue                                      5,700

606 Depreciation —Building     12,320

612 Depreciation —Equipment  6,000

623 Wages expense                43,300

633 Interest expense                5,000

637 Insurance expense            8,700

640 Rent expense                    11,100

652 Supplies expense            6,900

683 Property taxes expense  4,400

Totals                               $ 434,800   $ 434,800

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Answer:

A good carrier choices

because if you have a good carrier choice work ethic will fall in so the answer is work ethic

The interests, personality, values, goals, experience, and skills are combined as work ethic as it helps in career selection. Thus the correct option is C.

The skills are referred to as talent or expertise an individual carries with himself which determine his abilities from the crowd and identifies as unique which helps in achieving the goal.

A person who selects a profession to generate money is referred to as a career. An individual's career is built on the qualities, abilities, and skills that enable him to pursue personal development and realize his life goals.

A work ethic is a concept that hard labor and dedication have a moral advantage and an essential capacity to enhance the character and personal skills. Their professional public persona is visible in the way individuals behave, speak, and dress.

Therefore, option C is appropriate.

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The statements presented here represent the nuances of business and management as a whole.

The business environment is the sum of all external and internal factors that influence a company. Keep in mind that external and internal factors can both influence and affect a business. A health and safety regulation, for example, is an external factor that influences the internal environment of business operations. Furthermore, some external factors are beyond your control. These elements are commonly referred to as external constraints.

1. It has a direct impact on the firm's operations. - The Microenvironment

2. All external forces and events have an impact on the organization's activities. - Outside Environment

3. It refers to the population's size and geographic distribution. - Demographic information

4. It has no immediate impact on the firm's operations. - The macroenvironment

5. It has an impact on the firm's revenue and cost sides. - Economic Considerations

6. A company's business image should be developed, maintained, and improved. - Company Image

7. Laws, ordinances, and regulations are all examples of this. - Political and Legal

8. Employee social behavior has a significant impact on the operation of the business. - Human capital.

9. It is a term that refers to all of the organization's financial resources. - Financial Assets

10. It is the location of all functions within a company. - The Internal Environment

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Communication involves eight key components: the source, the message, the channel, the receiver, the feedback, the environment, the context, and interference.

We must be precise and thorough in our communication if we want it to be effective. Learning the ability to convey information with clarity, empathy, and understanding is essential to becoming a good communicator in both our professional and personal life.

Discover More About Your Target Market. The USP of your business should be determined (USP). Select the right mix of marketing communications. Establish Your Brand. Think through your success metrics. Action-Plan Your Strategy.

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The explanation to the given statement is given below the  subsistence agriculture definition.

Subsistence agriculture occurs when farmers grow food crops to meet the needs of themselves and their families on smallholdings or small land pattern.

Subsistence agriculture is self-sufficiency or self-doing farming in which the farmers focus on growing enough food to feed themselves and their families. The output is mostly for local requirements with little or no surplus for trade.

The typical subsistence farm has a range or verity of crops and animals needed by the family to feed and clothe themselves during the year. Planting decisions are made principally with an eye toward what the family will need during the upcoming year, and secondarily toward market prices.

Therefore, the above mentioned is the reason for the given statement.

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(a) The Zoe and Luis share the home-buying experience are:

(b) Someone learns to the experience as the online transaction is too difficult as the purchase of the home as cash transaction are easier.

What is home?

The term "home" refer to the resident, the family are they stay with in the permanently. The home, another name, is the house. There are the two types of the home, permanent homes and rental homes.

(a) The Zoe and Luis share the home-buying experience are more difficult to search the home and the registry time as the transaction of the online are more difficult.

(b) Someone as to learn to the cash transaction are the more easily as compare to the online transaction. The fraud case chances are the more.

As a result, the home-buying experience as the aforementioned.

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When individuals sell their labor for wages, the market in the circular flow model they are interacting with is the factor market (fourth option).

The circular flow model is a model that is used to explain the flow of resources or money in an economy. In the circular flow model, it is assumed that there are only two actors in the economy - the household and businesses or corporations.

The circular flow model is a simplified model of the economy. This is because in an actual economy there are more than two actors operating in it.

The household own the factors of production and they sell it to businesses or corporations to earn dividends or wages. The factors of production can include labor, labor or capital. The factors of production are exchanged for wages in the factor market.

The businesses use the factors of production provided by the household to produce goods and services for consumption. The goods and services that are produced are sold in the product market. Households pay for the goods and services purchased using part of the income earned from renting out their factors of production.

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