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Naya [18.7K]
3 years ago
14

The employees at Violet Inc. are required to complete their work and leave the office premises by 6:00 p.m. Team outings are org

anized every month, and every team member is expected to be present. This scenario exemplifies _____.
Business
1 answer:
earnstyle [38]3 years ago
4 0

Answer: Norms

Explanation:

According to the given scenario, the violet Inc are basically organized the team outing every month for their employees and the company are expected from every employee to be present in the outing.

The given scenario is basically exemplifies the norms as it refers to the attitude and also the behavior. The norms is one of the social values that helps for developing the personality and the human behavior.

Norms is basically defined the standards or the rules for the human on the basis of their attitude and behavior.        

  Therefore, Norms is the correct answer.

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Income Statement Sections During the current year, David Corporation sold a segment of its business at a gain of $210,000. Until
Montano1993 [528]

Answer:

Answer is given below.

Explanation:

-Income from Continuing Operation                                  700000

-Discontinued Operations  

-Loss from operations of                                        60000

discontinued segment (75000*80%)  

-Gain on disposal of discontinued                         168000           108000

segment (210000*80%)

-Net Income                                                                             808000

8 0
3 years ago
What is the largest item on which the federal government spends the money it raises?
strojnjashka [21]
Answer: social security
8 0
3 years ago
Read 2 more answers
Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $50,000; accounts payable, $38,000; mer
Bumek [7]

Answer:

                                   <u>Long Print Shop</u>

         <u>Balance sheet for the year ended December 31, 2020</u>

                                                         Amount in $                       Amount in $

<u>Assets</u>

<u>Non-current asset</u>

Equipment                                                                                     20,000

<u>Current assets</u>

Merchandise inventory                      14,000

Cash                                                     50,000

Total current asset                                                                        <u>64,000</u>

Total assets                                                                                  <u>84,000</u>

<u>Liabiities</u>

Accounts payable                                                                         <u>38,000</u>

Total liabilities                                                                             <u> 38,000</u>

<u>Equity</u>

Capital                                                                                            <u>46,000</u>

Total equity                                                                                   <u>46,000</u>

Total liabilities and equity                                                            <u>84,000</u>

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

5 0
3 years ago
Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
swat32

Answer:

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that the average total cost when 5 units of output are produced is $60, and the marginal cost of the sixth unit of output is $120. What is the average total cost when six units are produced

4 0
2 years ago
During 2017, its first year of operations, Jane's Bakery had revenues of $130,000 and expenses of $66,000. Retained earnings at
Phantasy [73]

Answer:

$28,000

Explanation:

Ending retained earnings = beginning retained earning + current earnings - dividends paid out.

for Jane's Bakery,

Beginning retained earning 0,

Dividends : $36,000

earnings = revenues - expenses

earnings = $130,000 - $ 66,000

=64,000

ending retained earnings = 0+$64,000- $36,000

=$28,000

5 0
3 years ago
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