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2 years ago

Learning by doing contributes to a firm's ______

Business

1 answer:

Anit [1.1K]2 years ago

4 0

Learning by doing contributes to a firm's <u> explicit cost</u>

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Explicit costs are normal operating costs that appear in your general ledger and have a direct impact on your company's profitability. Explicit costs clearly define the amount entered in the income statement. Examples of explicit costs are wages, rent, utilities, raw materials, and other direct costs.

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Explicit costs (also known as accounting costs) are easily identified and linked to the business activities of the company to which the costs are assigned. They are recorded in the company's general ledger and are included in the expenses recorded in the income statement. A company's net income (NI) reflects the residual income that remains after all explicit costs have been paid.

Explicit costs are the only accounting costs required to calculate profits, as they have a clear impact on a company's profits. Explicit cost metrics are especially useful for long-term strategic planning by an enterprise.

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Learn more about Explicit Cost here: brainly.com/question/14315509

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Differentiate between cash-basis accounting and accrual-basis accounting. Why is accrual-basis accounting the preferred method f

Umnica [9.8K]

Answer:

Reason : To ensure constant flow of cash

Explanation:

<u>Accrual Basis of accounting</u> records transactions when they meet definition and recognition criteria of Assets, Liabilities,Equity, Expense and Incomes.

This is different from<u> cash-basis accounting</u> which records transactions at the receipt or payment of cash.

Because of <em>timing</em> difference, the cash transactions (cash basis) can happen a late than the day of recognition of the elements (accrual basis).

Hence Revenue services demand that income tax be calculated on accrual basis to ensure a constant flow of cash whenever an entity transact.

8 0

3 years ago

Which of the following is not an attribute of workplace management?

RideAnS [48]

Answer:

Punishing employees who are less productive. Firing is the only punishement I have ever known.

5 0

3 years ago

The GDP deflator for this year is calculated by dividing the using by the using and multiplying by 100. However, the CPI reflect

inysia [295]

Hello. You forgot to provide the answer options. The options are:

"A) value of all goods and services produced in the economy this year B) This years prices C) value of all foods and services produced in the economy this year D) the base year's prices E) bought by consumers"

Answer:

The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.

Explanation:

GDP deflator is an economic term that means "implicit price deflator". This term is defined as the price measure for any and all goods and services produced within the country, in the year in question. GDP, in turn, is directly related to this, since it represents the monetary value that each of these goods and services produced during that same year.

The GDP deflator is directly related to the CPI, which is another economic term intended to represent the consumer price index. Through the CPI, the GDP deflator is able to measure the inflation or deflation that occurred in the national economic sector for a given year.

6 0

3 years ago

Suppose you were writing a social media plan for Two Scoops, with two objectives: to improve brand awareness in new markets and

Bas_tet [7]

The competitive environment and consideration set themselves are further quantitative metrics of brand awareness. You can accomplish this by outlining your brand and the brands of your rivals, then asking people to rate their familiarity with each brand on a qualitative scale ranging from "well known" to "totally unknown."

<h2>What is the role of quantitative research?</h2>

Quantitative research is beneficial since it offers precise numbers for comparison and referencing. We occasionally collaborate with Research, a California-based market research company, to assist us in designing and putting into practice quantitative research tactics since we have faith in their knowledge in this field.
We can confidently identify trends, quantify feelings and behaviors, and comprehend the perception of a destination brand based on information from a representative sample of the area's population by conducting statistically accurate, multi-modal surveys (or a regional population if doing competitive or key market research).

<h2>What is the role of qualitative research?</h2>

Comparatively, qualitative research is far more subtle. Instead of stating an actual reality, it "summarizes and infers." Qualitative research sheds light on the history of your brand and the people it stands for, while quantitative research serves the purpose of giving you the hard data you need to support your decisions.

Learn more about Qualitative research at <u><em>brainly.com/question/13498255?referrer=searchResults</em></u>

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3 0

3 years ago

The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and a fair value of $2,800 on December 31, which is

Elina [12.6K]

Answer:

Dr Unrealized Loss - Income $200

Cr Fair value adjustment - trading $200

Explanation

Preparation of the necessary adjusting entry

Based on the information given the appropriate adjusting journal entry is :

Dr Unrealized Loss - Income $200

($3,000 - $2,800)

Cr Fair value adjustment - trading $200

(To recrod adjustment to fair value for trading securities )

8 0

4 years ago