Economic Activities are the actions related to the production, distribution, and exchange of goods and services. So for an evening news bulletin on TV or radio, some examples are:
- The service of the reporters who research a story and check facts
- The cost of paper and materials used in the newsroom
- The equipment that establishes a TV or radio signal and broadcasts it out to people
- Cable service or radios that are purchased in order to hear/see the news
The correct answer is C. By attending college, Connor actually stands better prospects to earn a significant salary throughout his lifetime. Employees having gone through post-secondary education generally earn more income than those who have not studied till college. The simple reason is, by attending college, you acquire sharper knowledge and insights of disciplines you wouldn't otherwise have access to. You get skills that are in line with a demanding and fast-paced environment. People often regret not attending college because they could have grabbed a certificate that could have been a stepping stone for professional opportunities and higher incomes.
Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market
Answer:
Cost of goods sold = $330,520
Gross profit = $358,050
Net Income = $192,790
Explanation:
Cost of goods sold = Beginning inventory of FG + Cost of goods manufactured - Ending inventory of FG
Cost of goods sold = $77,810+$323,630-$70,920
Cost of goods sold = $330,520
Gross profit = Sales - Cost of goods sold
Gross profit = $688,570 - $330,520
Gross profit = $358,050
Net Income = Gross profit - Selling expenses - Administrative expenses
Net Income = $358,050 - $108,110 - $57,150
Net Income = $192,790
