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2 years ago

Explain the difference between (b) Expenses and losses.

1 answer:

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The primary distinction between expenses and losses is that costs are incurred in order to produce income, whereas losses are often associated with any other activity. the sale of an asset with a long lifespan for less than its book value. a negative verdict in a lawsuit brought against the business.

The cancellation of bonds that are payable at a cost higher than their carrying value An expense is a business's operational cost incurred to produce income. It may deduct tax-deductible expenses on its income tax returns. Either the cash basis approach or the accrual method is used by accountants to record expenses.

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Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision

Illusion [34]

Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision and goals for the team, set the structure for the team, and communicate with executives. However, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work

<h3>Who is a manager?</h3>

A manager is a leader who have people who directly reports to him. He is charged with the duty of supervision am ensuring that a company goal and objective is achieved.

Therefore, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work.

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2 years ago

The belmont report's principle of respect for persons incorporates at least two ethical convictions: first, that individuals sho

mylen [45]

The Belmont report's principle of respect for persons incorporates at least two ethical convictions:first, that individuals should be treated as autonomous agents, and second, that persons with diminished autonomy are entitled to protection.

Belmont Report (1979) Developed by National Commission for the Protection of Human Subjects of medicine and behavioral analysis. It's an announcement of basic moral principles and tips. 

Easy to browse and succint report wont to guide analysis and guarantee protection of participants

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4 years ago

Manufacturers that use just-in-time manufacturing systems coordinate closely with suppliers to ensure that materials and supplie

allsm [11]

Answer:

Weaknesses

Explanation:

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are internal to your company. The others are external. Since the badly managed JIT is an internal issue from a SWOT perspective it would be a Weaknesses

3 0

3 years ago

The following inventory was available for sale during the year for Thomasina Tools:

GaryK [48]

Answer:

B. $3,300

Explanation:

The computation of the ending inventory using the FIFO method is shown below:

Since there are 25 units in hand at the end of the year

Out of which 20 units are taken from third purchased at $130 and the rest 5 units are considered for $140

So,

= 20 units × $130 + 5 units × $140

= $2,600 + $700

= $3,300

Hence, the second option is correct

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3 years ago

Suppose that when the price of jelly rises by 20%, the quantity of peanut butter demanded at the current price of peanut butter

hodyreva [135]

Answer: 0.2

Explanation:

Income elasticity of demand refers to the amount that the quantity demanded for a good changes by in response to a change in income.

The formula is therefore:

= Percentage change in quantity demanded of Peanut butter / Percentage change in income

= 2% / 10%

Income elasticity of demand = 0.2

3 0

3 years ago