The term "book-keeping" is the combination of the terms "book" and "keeping."
The act of daily documenting financial transactions for your business into arranged accounts is known as bookkeeping. Additionally, it may be used to describe the many recording methods that companies might employ. Several factors make bookkeeping a crucial step in your accounting process. You can create accurate financial reports that help you gauge business performance when you keep transaction records up to date. In case of a tax audit, thorough records will also be helpful. You will be taken step-by-step through the various bookkeeping techniques, the recording of entries, and the key financial statements included in this manual. Your company needs to determine the approach it will use before it starts bookkeeping. The number of daily transactions and money generated by your firm should both be taken into account when making a decision.
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Capitallist market systems
Answer: I think the answer is B because the capitalist marketing system is controlled by the market owners rather than the government, so the market owners depend on the consumers to buy their stuff. Hope this helped! Im sorry if it's wrong :(
Ace company reported the following information for the current year sales 410,000
The correct gross profit will be $129,000. Gross profit is the amount of money a company keeps after deducting all of the expenses incurred in producing and offering its goods or services. The correct option is C.
How do you calculate the COGS?The expenses incurred within a specific time period to produce your items are shown as Costs of Goods Sold (COGS). COGS is calculated as starting inventory fewer purchases minus ending inventory.
Given,
Net Sales = $410,000
Opening stock = $132,000
Closing stock = $144,000 ( which is overvalue by $20,000)
Purchase = $273,000
Required to Find Gross Profit =?
Gross Profit = Net Sales - COGS
COGS = Opening stock + Purchase - Closing stock
= $132,000 + $273,000 - ($144,000 - $20000)
COGS = $281,000
Gross Profit = Net Sales - COGS
= $410,000 - $129,000
Groos Profit = $129,000
Thus, the ideal selection is option C. The accurate gross profit is $129,000 after adjusting the closing stock.
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Your Question seems incomplete most probably your full question was attached in the file given below.
What does an individual demand curve tell a pizza restaurant?
Answer: Before explaining how we describe individual demand curves, let us briefly review the law of demand. It expresses the inverse relationship between price and quantity demanded. When the price of a good rises, the quantity demanded by individuals will fall. Vice versa, when the price falls, the quantity demanded by individuals will increase.
Explanation: hope this helps
The clinic issued 1,000 additional shares of capital stock to Doctor Weston at $75 per share.
The clinic purchased scoping equipment. The equipment cost $90,000, of which $30,000 was paid in cash; a note
Issued a check for $2,400 In full payment of an account payable to Leah Laboratories.
May 19 Purchased office supplies on account for $240, Payment is due in full by June 10.
May 25 Collected a $15,000 account receivable from the Goosinger Medical Insurance.
May 31 Declared and paid a $50,000 cash dividend to stockholders.
1) Debit: Cash - 75,000
Credit: Capital Stock: 75,000
Purchasing scoping equipment
Debit: Diagnostic Equipment - 90,000
Credit: Cash - 30,000; Notes Payable - 60,000
Amount payable to Leah laboratories
Debit: Accounts Payable - 2,400
Credit: Cash - 2,400
May 19:
Debit: Surgical Supplies - 240
Credit: Accounts Payable - 240
May 25:
Debit: Cash - 15,000
Credit: Accounts Receivable - 15,000
May 31:
Debit: Dividends - 50,000
Credit: Cash - 50,000
According to its corporate charter, capital stock is the total number of common and preferred shares that a corporation may issue. The most shares that can ever be in circulation are capital stock, which can only be issued by the corporation. The sum is shown in the company's shareholders' equity part of the balance sheet. The most shares a firm may ever have outstanding is equal to its capital stock. A business can raise capital without taking on debt by issuing capital stock. The corporation loses more control and the market value of its outstanding shares as a result of issuing capital stock.
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How impactful was high shipping demand on customers questions
Answer:
Extremely impactful.
Hope this helps! :)
Alcohol affects the Limbic portion of the brain by What?
Alcohol affects the Limbic portion of the brain by the cerebellum.
How does alcohol affect the human brain?The way that alcohol affects the brain is that it leads to the shrinking of the brain matter in humans. This has the way of causing a human to act in certain ways that may show that they may be experiencing memory loss.
It makes it harder for the parts of the brain that is in control of balance, speech and coordination to be able to carry out their functions effectively. Hence we can say that alcohol affects the Limbic portion of the brain by the cerebellum.
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1. Todd knows that he wants to work in hospitality and tourism, but he isn’t sure that he wants to attend college. Compare and contrast the education or training and certifications needed for several different careers in the hospitality and tourism industry that could help Todd decide what his next steps are.
2. Remember Michael? Turns out he took the job as a dishwasher so he could get restaurant experience and move closer to his dream of becoming a chef. Think about Michael in ten years. He is applying to be chef de cuisine at a local fine dining restaurant. This is a management and leadership position. Thinking about Michael’s likely career trajectory from dishwasher to chef, what elements might Michael include in a digital portfolio to make him a competitive candidate for the chef de cuisine job? Why might it be important for Michael to create a portfolio when applying for this job?
3. Why are ethics important in the hospitality and tourism industry? Compare and contrast appropriate/inappropriate workplace social behavior and work ethics.
Answer: Any hospitality professional interested in receiving documented proof of their industry success or expertise should pursue some sort of certification. While there are certifications that acknowledge those who have been in the industry for a long time there are also certifications available for newcomers interested in progressing within their chosen career path. So really, hospitality professionals at all levels need a certification for one reason or another, depending on their career goals.
Skills needed for hospitality and tourism jobs include active listening, rapport building, problem-solving, and organization. Educational qualifications for tourism and hospitality positions range from less than a high school diploma to a college degree.
Most people in Hospitality and Tourism careers get success with secondary education only as they receive on-job training to learn what they require. Therefore, Todd shall have to attend his college.
What is a Hospitality and Tourism career?Hospitality and Tourism career jobs includes providing planning, management, food, recreation, travel, and similar services. These jobs provide higher monetary perks.
No minimum education is needed to get a job in a hospitality and tourism career. This industry values experience more than education. People are more likely to get success in hospitality and tourism as they learn and update themselves while doing the job. On-job training is an essential advantage of these careers.
Therefore, Todd should take the above steps to work in hospitality and tourism. Hence, Todd shall have to attend his college.
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST.
GIVE A PROVE YOUR ANSWER
Direction: Read the statements and choose the correct answer from the given choices and prove it.
A. Micro environment
B. Internal environment
C. Economic Aspects
D. Financial Resource
E. Human resources.
F. Macro environment
G. External environment
H. Politico-legal
I. Corporate image
J. Demographic
1. It directly affects the firm's activities.
2. It is all forces and events outside organization effect on its activities.
3. It refers to the size and geographic distribution of the population.
4. It does not immediately affect activities of the firm.
5. It affects the firm in both the revenue side and cost side.
6. A firm should develop, maintain and enhance a good business image.
7. This includes laws, ordinances, and regulations.
8. The social behavior of the employees greatly affects the working of the business.
9. It is a term covering all financial funds of the organization.
10. It is where all functions within a firm. i
Matching all the statements with the correct option-
1. It directly affects the firm's activities. - Microenvironment
2. It is all forces and events outside the organization that affect 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 in both the revenue side and cost side. - 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. Internal environment
9. It is a term covering all financial funds of the organization. - Financial Resource
10. It is where all functions within a firm are. - Human resources.
What are the factors affecting any business?
There are two types of factors that can affect the activities of a business which include internal factors as well as external factors.
The internal factors present inside the organization include employees, clients, suppliers, vendors, distributors, and so on.
The external factors which affect the business form outside sources which includes changes in law, technology, fluctuations in the market, and so on.
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Research reveals that we cannot train ourselves to become more positive and
happier.
True or False
Answer:
False
Explanation:
Research finds it takes four positive thoughts to balance one negative thought.
Being positive makes for a better life and better perspective on things in life, we CAN train ourselves to be more positive and happier. :)
Research reveals that we cannot train ourselves to become more positive and happier, is the false statement.
What is meant by Research?Research is defined as the creation of new knowledge and/or the creative use of previously acquired knowledge to create new concepts, theories, and understandings.
In order to achieve new and creative discoveries, this may entail combining and interpreting past studies. A comprehensive, meticulous, and patient inquiry carried out to discover or establish facts or principles.
Research attempts to serve society by advancing knowledge through scientific theories, concepts, and ideas. The creation of hypotheses, data collecting, analysis, and other research techniques help to achieve a goal.
Thus, it is a false statement.
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Using predictive analytics can be a great way for businesses to
Using a predictive analytics can be a great way for businesses to predict risk and find relationships in data not readily apparent with traditional analyses.
What is a predictive analytics?Basically, this type of analytics means to the use of statistics and modeling techniques to make predictions about future outcomes and performance. It mainly looks at current data patterns to determine if those patterns are likely to emerge again, so, its allows businesses and investors to adjust where they use their resources to take advantage of possible future events.
As the predictive analysis can also be used to improve operational efficiencies and reduce risk, then, it can be a great way for businesses to predict risk and find relationships in data not readily apparent with traditional analyses.
Missing words "Using predictive analytics can be a great way for businesses to _______"
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Please help it should be 3 paragraphs with 4 sentences in each paragraph. thanks
In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;
The Introduction The bodyThe conclusionThis is further explained below.
What are paragraphs?Generally, In written communication, a self-contained unit of speech that focuses on a single concept or point is referred to as a paragraph.
In conclusion, Paragraphs are a typical method of structuring longer sections of text, despite the fact that their use is not mandated by the orthographic norms of any language that employs a writing system.
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QUESTION 8
All of the following procedures for refilling the engine oil are correct, EXCEPT:
Select the correct option and click NEXT.
Run the engine for 5 seconds and then turn it off.
Check the oil level with the dipstick.
Check for leaks underneath the engine.
Reuse the drain plug gasket.
Then turn off the engine after five seconds of operation.
How long should your car be left running before you switch it off?If you're going to wait more than ten seconds, turn off your ignition. Contrary to popular opinion, starting your automobile up again does not result in increased fuel use. In actuality, leaving the engine idle for just 10 seconds uses more petrol than starting it again.
Is turning off an automobile after starting it bad?Response given by. wonderful question Contrary to popular misconception, repeatedly starting and stopping your automobile won't cause excessive wear and tear or harm to the engine or starter; in reality, the only negative effect is a brief strain on the battery.
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Anthem Company has 100,000 shares authorized, 90,400 shares issued, and 20,200 shares of treasury stock. Determine the number of shares outstanding.
The number of shares outstanding mathematically given as
x=70200
What is the number of shares outstanding. ?Shares are fractional ownership interests in a company. For certain businesses, shares are a kind of financial instrument that allows for the equitable distribution of any declared residual earnings in the form of dividends.
A stock with no dividend payments does not distribute its income to its shareholders.
Generally, the equation for the Number of Shares Outstanding mathematically given as
Shares issued minus shares repurchased equals the number of shares that are currently outstanding (Treasury stock)
x=Shares issued - Shares repurchased
Therefore
x = 90,400 Shares Issued - 20.200 Shares Held in Treasury
x=70200
In conclusion, the number of shares outstanding
x=70200
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50 POINTS
Country Q can produce 15 pairs of socks and 5 belts in one hour. Country Z can produce 20 pairs of socks and 20 belts in one hour. Which of the following terms of trade would be mutually beneficial to both countries?
1 belt for 2 pairs of socks
1 pair of socks for 2 belts
2 belts for 2 pairs of socks
1 belt for 5 pairs of socks
5 pairs of socks for 15 belts
Which attribute of ethical behavior is exhibited by individuals who feel an obligation to be truthful, trustworthy, just, and courteous to others?
To act with good faith, intellectual honesty, and fairness while adhering to moral ideals. Accountability means accepting responsibility for one's choices, actions, and outcomes.
What are the principles of integrity?Three major pillars—honesty and openness, respect and dignity, and exemplarity—are the foundations around which eight integrity principles have been defined and expressed. We must all adhere to the same moral and ethical principles in our day-to-day work.
Being truthful and exhibiting a staunch and unshakable dedication to high moral and ethical standards are practices of integrity. Being truthful, honest, or accurate in one's actions is the definition of integrity in ethics.
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4. “TOKYO, Aug, 17 (Xinhua)—Although Japan’s economic growth turned positive as shown by the statistics of the second quarter, It remained sluggish due to poor control of the COVID-19 pandemic and persistently weak personal consumption. Japan’s real gross domestic product (GDP) inched up 0.3 percent in the second quarter compared to the previous quarter, up 1.3 percent at an annual rate, according to statistics released by the Cabinet Office on Monday. Which of the following is NOT a problem associated with using Gross Domestic Product as a measure of economic performance. A. Statistics released by the Cabinet Office are often revised as more accurate information becomes available. B. Transactions being counted more than once. C. Certain transactions that take place in the Japanese economy are not recorded. D. Non-market production.
According to data issued by the Cabinet Office, Japan's real gross domestic product (GDP) increased 0.3 percent in the second quarter compared to the first quarter and 1.3 percent annually.
According to statistics, the third state of emergency in Japan kept the country's economy in a slump in the second quarter. Private consumption, which makes up more than half of the GDP, increased by just 0.8 percent from the first quarter, which economists view as making up for a previous sharp decline.
Japan's economy once again grew negatively in the first quarter of this year, with real GDP falling by 1.0 percent from the previous quarter and personal spending falling by 1.4 percent.
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Dream Analysis Analyze dreams to learn more about dream interpretation.
this is for the whole week like Monday-Sunday so please help me this needs to be done before Friday
The interpretation of dreams in order to ascertain their hidden meanings is referred to as "dream analysis."
The act of imputing meaning or significance to one's dreams is known as dream interpretation.
This is further explained below.
What is Dream Analysis?Generally, The interpretation of dreams in order to ascertain their hidden meanings is referred to as "dream analysis." The use of symbolism is essential to Freudian dream interpretation.
It is predicated on the idea that your unconscious mind shields you from your repressed wants by expressing those desires in dreams and concealing them away from your aware mind. This prevents your conscious mind from being exposed to your repressed desires.
In conclusion, The act of imputing meaning or significance to one's dreams is known as dream interpretation.
There is no credible evidence to support the claim that comprehending or interpreting one's dreams may improve one's mental health, despite the fact that this practice is often connected with many types of psychotherapy.
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6 of 10
How could defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities?
It can improve your credit score and make it easy to borrow money for big
purchases like a house or car.
It can block affordable options in your searching algorithms.
There is no impact on future opportunities.
It can lower your credit score and make it difficult to borrow money for big
purchases like a house or car.
Like defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities, in the sense that you can lower your credit score and make it difficult to borrow money for large purchases like a house or car.
How to improve your credit score?It is essential that the individual has a financial plan so that he can meet his responsibilities on a loan in the amount and date agreed by contract. Timely payments are essential to raise your credit score, there are some features that help with this purpose, such as pre-scheduled payments to be automatically debited.
Therefore, personal financial planning is an essential tool for citizens to make financial decisions in line with their reality, a personal budget will help to better understand their income and expenses, and consequently, better manage their money.
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Consider a simple economy that produces two goods: pencils and envelopes. The following table shows the prices and quantities of the goods over a
three-year period.
From 2009 to 2010, nominal GDP increased and real GDP decreased. The inflation rate in 2010 was 400%. The real GDP is a more accurate measure of an economy's production than nominal GDP because: (i) Real GDP is not influenced by price changes, but nominal GDP is.
GDP DeflatorUsing this formula
GDP Deflator = (Nominal GDP / Real GDP) × 100
Year Nominal GDP(Dollars) Real GDP(Base year 2008, Dollars) GDP Deflator
2008 325 325 1
[125 × 1 +200 × 1]
2009 1260 400 315
[170 × 2 + 230 × 4)] [170 × 1 + 230 × 1] [(1260/400)×100]
2010 1280 320 400
[150 × 4 + 170 × 4] [150×1 + 170×1] [(1280/320)×100]
Based on the above calculation the inflation rate in 2010 was 400% and from 2009 to 2010, nominal GDP increased and real GDP decreased.
Therefore from 2009 to 2010, nominal GDP increased and real GDP decreased.
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The complete question is:
Consider a simple economy that produces two goods: apples and envelopes. The following table shows the prices and quantities of the goods over a three-year period.
Apples Apples Envelopes Envelopes
Year Price(Dollars per Apple) Quantity(Number of Apples) Price (Dollars per Envelopes) Quantity(Number of Envelopes)
2008 1 125 1 200
2009 2 170 4 230
2010 4 150 4 170
Use the information from the previous table to fill in the following table.
Year Nominal GDP(Dollars) Real GDP(Base year 2008, Dollars) GDP Deflator
2008
2009
2010
From 2009 to 2010, nominal GDP _____ and real GDP _____.
The inflation rate in 2010 was _____.
Why is real GDP a more accurate measure of an economy's production than nominal GDP?
(i) Real GDP is not influenced by price changes, but nominal GDP is.
(ii) Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not.
(iii) Real GDP does not include the value of intermediate goods and services, but nominal GDP does.
How can you eliminate trip hazard
The removal of trip hazards As you walk, be sure you can see where you are going. Avoid transporting loads that you cannot see over.
Any of the various forms of transportation infrastructure that are used to convey people and products between locations are referred to as means of transportation. Both the method of transportation and the means of transportation are used equally. The modes of transportation are road, air, sea/ocean, etc., while the methods of transportation include bus, train, airplane, ship, vehicle, etc. road, rail, sea, and air. In the logistics sector, these are the four main modes of transportation (or types). Transferring a consignment from one mode of transportation to another. airlift, lift. airborne delivery of individuals or objects (especially when other means of access are unavailable).
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Juanita has a monthly net income of $2,500. Her fixed monthly expenses consist of $500 for
rent. She also pays a car insurance premium of $68 and a car payment of $167. Are these
payments within Juanita's safe debt load?
Answer:
Yes
Explanation:
That is only $735, which safely fits in a budget of 2500 with money left over.
Rent, auto insurance, and car payments are all within Juanita's safe debt load.
What is a safe debt ratio?A healthy debt-to-income ratio is usually between 1 and 1.5. As a result of the greater usage of debt financing in some sectors than others, the ideal debt ratio will change depending on the industry. Finance and manufacturing are two capital-intensive sectors that frequently have higher ratios that can exceed 2.
Given
Income = $2,500
Rent = $500
Car insurance = $68
Car payment = $167
Required to Calculate safe debt load =?
To determine if Juanita's payments are within her safe debt load, we need to calculate her debt-to-income ratio (DTI). The DTI is a financial ratio that compares a person's debt payments to their gross monthly income. The lower the ratio, the better, as it indicates that the person has more disposable income available to cover other expenses or savings.
To calculate Juanita's DTI, we first need to determine her total monthly debt payments. In this case, her total monthly debt payments are $68 (car insurance) + $167 (car payment) + $500 (Rent) = $235.
Next, we divide Juanita's total monthly debt payments by her net monthly income and multiply by 100 to get her DTI as a percentage:
DTI = (Total Monthly Debt Payments / Net Monthly Income) x 100
DTI = ($735 / $2,500) x 100
DTI = 29.4%
Generally speaking, a DTI of 36% or lower is considered a safe debt load. Juanita's DTI of 9.4% is well below this threshold, indicating that her debt payments are well within her safe debt load.
Therefore, based on the information provided, Juanita's payments for rent, car insurance, and car payment are within her safe debt load.
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Allowing each employee to choose between working hour options is an example of which ethical principle? Utilitarianism, universalism, rights, justice, virtue ethics
Allowing each employee to choose between working hour options is an example of justice.
What is justice in the work place?This is the term that has to do with the fact that all of the people that are in the same workplace have the option of getting treated and having the same rules that are applicable to them. That is no one person has to be worse of in the business place when the other persons that are in the region are able to get things done in a different way.
With this said, if one person in the business is able to choose what their business hours would be, it would be applicable to the others that are also in the environment. This is a way for the business to ensure justice.
Hence we would say that Allowing each employee to choose between working hour options is an example of justice.
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An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The discount rate is 11 percent.
A. What is the discounted payback period for these cash flows if the initial cost is $6,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
B. What is the discounted payback period for these cash flows if the initial cost is $10,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
A. The discounted payback period for these cash flows if the initial cost is $6,400 is 3 years.
B. The discounted payback period for these cash flows if the initial cost is $10,400 is 4 years.
What is the discounted payback period?The discounted payback period shows when the discounted cash inflows will meet the present value of the cash outflows.
Data and Calculations:Year Cash inflows Discount Discounted
Factor Value
Year 1 $2,800 0.901 $2,522.80
Year 2 $3,700 0.812 3,004.40
Year 3 $5,100 0.731 3,728.10
Year 4 $4,300 0.659 2,833.70
Total discounted value (cash inflows) $12,089
Cash outflow = $6,400
Discounted payback period = 3 years
Cash outflow = $10,400
Discounted payback period = 4 years
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Oleg's four employees have been with him since he opened Ready Recruitment Services nearly a decade ago. As he anticipates staffing his new branch office, he decides none of these four long-time employees are ready to manage the office. Faced with this difficult situation, what should Oleg do?
A. He should appoint one of the three anyway to show that he appreciates their loyalty and commitment.
B, He should run the new branch himself and appoint one of the three to take over the original office.
C. He should hire a new qualified employee to manage the office since utilizing his unready employees could be detrimental to the business.
D. He should appoint all three to the new branch and let them run it using a team approach.
Olego should run the new branch himself and appoint one of the three to take over the original office since he don't want to use his long-time employees.
Why should Olego run the new branch himself ?According to the question, we were told that he had four long-time employees which are ready to manage the office, but due to his way of managing things he don not see any of them as the best match that can handle the things like he want, then the best is to handle things himself.
In conclusion, the best advice for Olego is to get the new branch and run it by himself.
Therefore, option B is correct.
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Which of the following is correct?
Multiple Choice:
A) Statement of Cash Flows is reported on a particular date
B) Income Statement is reported on a particular date
C) Balance Sheet is reported on a particular date
D) Balance Sheet is reported for a specific time period
Balance Sheet is reported for a specific time period. Hence, option D is appropriate.
What is the Balance Sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets.
A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
Hence, option D is correct.
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An online streaming service sells movie rentals for $5.99 to its American shoppers. A large American chain store sells a physical copy of the same movie for $5.99. Which of the following is a possible reason that the online streaming service could expect to rent a movie for the same price that it could be purchased for somewhere else?(1 point)
a. Government intervention on maximum prices is the most common cause of abnormal market pricing. In general, the government will set a maximum on the prices of common goods. The retailer selling the movie might like to charge more but may not be able to.
b. Lack of knowledge is an important factor in determining market prices. Retailers almost always assume that shoppers don't look around for a bargain and will generally charge whatever price they want.
c. Location is an important factor in determining market prices. For the online streaming service, the buyer doesn't even have to leave his or her home, while the physical copy would need to be picked up at the store. The online retailer can charge the same price for a lesser product because the retailer is conveniently located for the consumer.
d. Government intervention on minimum prices is the most common cause of abnormal market pricing. In general, the government will set a minimum on the prices of common goods. The online retailer renting the movie might like to charge less but may not be able to.
Answer:
C
Explanation:
You can often sell less of product for more money if convenience is added to the product value.
for example, you I to gas station & pay more for a 20oz soda than our do a 2liter. you're getting way less soda for twice the amount. you are paying for the convenience of not carrying around a 2 liter
3.2.2 division of profits
The division of profits in a partnership happens based on a ratio that the partners agree to which is usually based on capital contribution.
How are profits divided in a partnership?In partnerships, the profit is divided according to a certain ratio that the partners would have agreed to in writing when they joined the partnership.
This ratio would often be based on the amount of capital that each partner brought to the firm. For instance, if Partner X gets 60% of the profits and Partner Y gets 40%, it most likely means that Partner X put up 60% of the capital.
Question is:
How are profits divided in a partnership?
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Peter Drucker, a well-known management scholar, has said that
companies should be evaluated on two basic dimensions:
Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: :A. profitability and philanthropy.
What does being a philanthropy mean?The term philanthropy is known to be a term that connote that “love that a person has for humanity.
It entails the giving of gifts of time, talent as well as treasure. Therefore, Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: :A. profitability and philanthropy.
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Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: O profitability and philanthropy legality and profitability O customer satisfaction and profitability legality and responsibility consumerism and responsibility
Previous question
How do firms solve the problem of an economic surplus?
A. They decrease prices to the market equilibrium Price.
B. Increase mass production in the factories
C. They increase prices so they are about the market equilibrium price.
Firms usually solve the problem of an economic surplus by decreasing the prices to the market equilibrium price.
What is a consumer surplus?In economics, the consumer surplus refers to the difference between the highest price a consumer is willing to pay and the actual price they paid for the good which is the market price of the good). In other words, it means the difference between what a consumer is willing to pay and what they actually pay for a good or service.
This surplus is one way to determine the total benefit that the consumers receive from their goods and services. If they are willing to pay more for an item than the current asking price (the market price), then, they are theoretically receiving an additional benefit by purchasing the item at that price. But if the price was their maximum willingness to pay, then, they would get less benefit from the purchased product.
In conclusion, most Firms solve the problem of an economic surplus by decreasing the prices to the market equilibrium price.
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Which of the following statements about debt financing is FALSE?
A. Debt financing comes from banks or other commercial
lenders.
B. When a bank gives a company a loan, they become partial
owners of the company.
C. Companies often have to pay interest when they use debt
financing.
D. It's harder for startups to get debt financing.
Answer:
B
Explanation: