Answer:
Wilson Towing Service
Income Statement
For the month ending June 30, 2016
Service revenue $12,500
Salaries expense ($2,500)
<u>Rent expense ($500)</u>
Operating profit $9,500
The income statement tells us how much profit/loss did a business make during a certain period of time. In this case, the operating profit was $9,500. In order to calculate net income we would need to subtract taxes but we are not given the tax rate or the taxes due.
Answer:
In this meeting, top managers of one world are <em>doing strategic planning.</em>
Explanation:
In the field of business management, strategic planning can be described as organizational planning in which priorities are discussed, goals are set, operations are strengthened, agreements are made on common goals and agendas and assessment of the different works of the organization are made.
As in the scenario depicted above, the upper-level managers had a meeting with the CEO to discuss future plans and make an assessment of the current works, hence we can say that strategic planning was being done in the meeting.
Answer:
C. overstate changes in the cost of living because the weight assigned to energy is too small
Explanation:
the weight in this index uses less energy efficient houses as the construction cost were higher
and relies more on energy which was cheaper at the time.
Because of this, now the index will overstate the changes in the cost of living.
The weight assigned to energy changed and people shift to more energy efficient houses to save in his energy bill's. The consumers will always shift their consumption to avoid unnecessary spending. In this case, construct more energy efficient houses and sasve on the billing
it is useful to identify workers within a specialist area because if you need something done quickly and accurately, you can call the person who is really good at something, to help you without worrying if you wont complete the task on time.
