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1 year ago

Why do you think average income is an important criterion for development explain.

1 answer:

7 0

Average income is important because it tells us the income of an average person and gives an idea about the rising standard of living of people.

Average income is basically income earned per person in a given area in a specific year. More income means more money to fulfill your needs and wants. It is believed that the prosperity of a country depends on it. Money is considered an important factor in the development of a country. If the average income of a country increases there are chances of an increase in the development of that country. If the average income is lower there are fewer chances of development.

A country with high average income is considered rich and low average income country is considered poor. The World Bank also uses the average income to measure the development of any country. Therefore average income is considered a very important criteria for development.

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Suppose the only way you could save five innocent people was by killing one of them. would you do it? suppose the only way you c

pantera1 [17]

This is more of an ethics question and up to each individuals beliefs, but I'll try my best to answer it for you. "I would not kill the one innocent person to save five other people because no one's life is greater than another's. The five people would die if I hadn't intervened at all and that one death would be on me. The same would apply to the second scenario, I would not kill the five people to save one."

6 0

3 years ago

Shown below are selected data from the financial statements of the Supreme Company. (Dollar amounts are in millions, except for

Yuki888 [10]

Answer:

a. Gross profit rate = Gross profit / sales

= $710,000 * 100

$1,230,000

= 57.72%

b. Supreme Operating Income

Gross Profit $710,000

Operating expenses (440,000)

Operating Profit  270,000

c. Return on Asset = Return/ Average Asset

= $390,000 * 100

$4,000,000

= 9.75%

d. Return on equity = Return / Average equity

= $390,000 * 100

$2,400,000

= 16.25%

e. Price-earnings ratio = Market price per share / earnings per share

= $88/ $4

= 22

Explanation:

Computation of Gross profit

$'000

Net Sales 1,230

Cost of goods sold (520)

Gross Profit 710

3 0

3 years ago

The key to managing relationships to achieve customer success is __________________?

shtirl [24]

The key to managing relationships to achieve customer success is to coordinate your unique talents with the success criteria of your clients.

<h3>What is customer success?</h3>

Customer Success is a long-term, professionally managed, scientifically developed business strategy for increasing customer and business sustainable demonstrated profitability.

A solution to the fundamental problems of customer portfolio development, retention, and expansion is what the developing role is all about. Customer Success is actually the merging of the roles and responsibilities of marketing, sales, professional services, training, and support into a new career. An in-depth understanding of the clients, practical skills in the product being sold, and broad domain knowledge are the three fundamental components of this rising profession.

Sustainable business profitability and growth are the ultimate strategic objectives of the Customer Success function. Making your clients as profitable and productive as you can is the strategy.

Thus, Option c) To align your distinctive competencies with customers' success factors is the correct answer.

For more information on Customer Success, refer to the given link:

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4 0

2 years ago

You record the debit entry for transaction (B) 5/2 in the journal as Date Description Debit Credit A. May 2 A/P—Craft Bank 3,500

vlabodo [156]

C. May 2 Equipment—Store 3,500.00
Just took the test

4 0

3 years ago

Read 2 more answers

Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at

mixer [17]

Answer:

Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.

Explanation:

Closing Entries

a. Accounts Payable: No it is not closed to income summary account.

b. Advertising Expense: Yes it is closed to income summary account.

c. Cost of Merchandise Sold: Yes it is closed to income summary account.

d. Dividends : No these are closed To Retained Earnings Accounts.

e. Merchandise Inventory : Yes it is closed to income summary account

f. Sales Yes it is closed to income summary account

g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.

h. Supplies Expense: Yes it is closed to income summary account

i. Wages Payable: Not closed in the income summary account.

These are liabilities and included in the balance sheet.

8 0

4 years ago