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Ann [662]
3 years ago
13

Stephanie receives high praise from her boss when she attracts a new client to her firm. this praise leads stephanie to work har

d to obtain more new clients. for stephanie, the praise from her boss was
Business
1 answer:
Luden [163]3 years ago
6 0
The appropriate response is Esteem Needs. Esteem needs allude to the requirement for regard, confidence, and self-assurance. Regard needs are the reason for the human longing we as a whole must be acknowledged and esteemed by others.
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Jiminez, Inc., had the following transactions during the month of March, current year. Prepare an income statement based on this
Citrus2011 [14]

Question Completion:

Cash received from bank loans was $10,000.

Revenues earned and received in cash were $9,000.

Dividends of $4,000 were paid to stockholders.

Expenses incurred and paid were $5,600.

Answer:

Jiminez, Inc.

Income Statement for the month ended March 31:

Revenue                                          $9,000

Expenses                                           5,600

Net income                                      $3,400

Dividends                                          4,000

Retained earnings during the year ($600)

Explanation:

Jiminez, Inc. paid more dividends to stockholders this month than it actually generated in net income.  The excess amount of dividends must be from retained earnings carried forward from the previous month.  In preparing the income statement for the month of March, Jiminez, Inc. must deduct all the expenses from its revenue to obtain the net income before tax.  The bank loan does not form part of the items for the preparation of the income statement, as only temporary accounts are considered.

3 0
3 years ago
Which of the following statements is true? a. The word theory means same for both economists and laymen. b. Abstraction forms an
VladimirAG [237]

Answer:

B) Abstraction forms an important part of economic analysis.

Explanation:

Economic abstraction refers to ignoring certain factors while doing economic analysis. Some minor or even important economic details must be assumed when trying to analyze certain situations. That is why economists love to use ceteris paribus (everything else constant). Macroeconomic theory is impossible to prove in a scientific way, only certain microeconomic theories can be tested scientifically. In order to perform macroeconomic analysis, economists must simplify the real world, since economy is too complex and has too many factors that can alter any possible analysis. It is impossible to analyze a nation's economy as a whole since millions of people and businesses make billions of economic decisions very day.

3 0
3 years ago
2. Explain the strengths of a sole proprietorship and wn
adoni [48]

Explanation:

strengths:

1. He or she enjoys all the profit

2. easy to start up

3. decision making is quick

4.he or she can vary the hours of work

weakness:

1.there is lack of finance

2. lack of specialised staff

3.the owner bears all the risk

4.there is unlimited liability

who might start a sole proprietor business

1. a person that wants to be their own boss.

2.extra income.

3.the entrepreneur might think he will make more money working for his self than others.

6 0
3 years ago
The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the​ ________ interest rate. A.
finlep [7]

Answer: The correct answer is d) NOMINAL

Explanation: Nominal interest rate is the interest rate before inflation is taken into account. Nominal interest rate can also be used to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.

It is the contractual interest rate charged by a lender or promised by the borrower.

3 0
3 years ago
Capitalizing goodwill only when it is purchased in an arm's-length transaction, and not capitalizing any goodwill generated inte
stiv31 [10]

Answer:

The correct answer is (C)

Explanation:

They are the two crucial characteristics that are general used to make accounting data more useful to make long-term decisions. To be exact, faithful representation helps to attain the relevant data for the company and this quality enhances the reliability of financial data. Completeness, fairness and free of error these three characteristic are a part of faithful representation of data.

7 0
3 years ago
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