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3 years ago

Profit plays an important role in business give any four reason to justify the statement

1 answer:

3 0

-it’s a source of finance (so the business can expand, pay debts and unprecedented costs etc...)

-it motivates owners and workers by rewarding them so they’re more efficient and likely to continue on in the business

-it’s an indicator of success (owner knows their product is succeeding so it helps decision-making, competitors and stakeholders are attracted to the business)

-this one’s a bit wishy washy but I would say it rewards owners for their risk taking which also aids decision-making and motivates them

-there’s certainly more but off the top of my head! Good luck x

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The consumer price index is used to a. monitor changes in the stock market. b. monitor changes in the level of real GDP over tim

soldi70 [24.7K]

Answer:

c. monitor changes in the level of wholesale prices in the economy.

Explanation:

The consumer price index is a measure of the variation in the price of products and services offered to consumers in the US market. This is an index that serves to measure inflation or deflation. Through the price index, the Federal Reserve monetary authorities make decisions to warm or slow economic activity.

8 0

3 years ago

Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted

kozerog [31]

Answer:

Answer is explained in the explanation below.

Explanation:

Solution:

According to the data given: This can be solved as following. (Note: we are not given income tax tables to calculate the accurate net pay. So, according to given information here. Following is the accurate one. )

Let's assume, a 6.2% tax rate for SS ( Social Security) and 1.45% tax rate on Medicare:

So,

Social Security = 6.2%

Medicare = 1.45%

Pay Per hour = $14.30

So, let's calculate Rhonda's Gross pay:

Gross Pay = Pay per hour x total number of hours

Gross pay = $14.30 x 80 hours

Gross Pay = $1,144

Now, calculate the Rhonda's Reduction for Social Security:

Rhonda's Reduction for Social Security = $1,144 x 6.2%

Rhonda's Reduction for Social Security = $70.928

Similarly, Rhonda' Reduction for Medicare:

Rhonda' Reduction for Medicare = $1,144 x 1.45%

Rhonda' Reduction for Medicare = $16.588

So Finally,

Rhonda's Take-home Pay for her first check will be = Gross pay - Rhonda's Reduction for Social Security - Rhonda' Reduction for Medicare

Rhonda's Take-home Pay for her first check will be = $1,144 - $70.928 - $16.588

Rhonda's Take-home Pay for her first check will be = $1,056.484

7 0

3 years ago

The Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid for months of advertising. How muc

kupik [55]

Answer and Explanation:

The computation of the advertising expense that should be record for the two month under following basis is

a. For cash basis

It should be recorded at $2,000

b. For accrual basis

= $2,000 ×2 ÷5

= $800

In this way, it should be determined

And, the same should be relevant

7 0

3 years ago

All of the following are ways an organization that incorporates enterprise-wide risk management (ERM) with its strategic plannin

sergeinik [125]

All of the following are ways an organization that incorporates enterprise-wide risk management (ERM) with its strategic planning process improves its decision-making, EXCEPT It can eliminate risks to its business model.

A business model describes how an organization creates, delivers, or acquires value in an economic, social, cultural, or other context. The process of building and modifying business models, also called business model innovation, is part of business strategy.

The term business model describes a company's profit plan. Identify the products or services that the company plans to sell, the identified target markets, and the expected costs. Business models are important for both new and established companies.

In its simplest form, a business model provides information about an organization's target markets, the needs of those markets, and the role a company's products or services play in meeting those needs. Business model innovation describes the process by which an organization adapts its business model.

Learn more about business model brainly.com/question/27093440

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8 0

10 months ago

Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a

Masteriza [31]

Answer:

Paul Donut Franchisee : Perfectly Elastic Supply
P & G Facial Tissues : Elastic Supply
Papermate Pens : Inelastic Supply
Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
Inelastic Supply : P(Es) < 1 ; % change in supply < % change in price
Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
Perfectly Elastic Supply : P(Es) = ∞ ; Supply responds infinitely to any slight price change & so prices are constant.
Perfectly Elastic Supply : P (Es) = 0 ; Supply responds negligibly to massive price change & so quantity supplied is constant

Paul Donut Franchise : Unlimited Supply at constant price, so supply perfectly elastic
P & G facial tissues : % change in supply i.e 66% > % change in price i.e 10% , so supply is elastic
Papermate pens : % change in supply i.e 10 % < % change in price i.e 15% , so supply is inelastic
Bright Ideas Lightbulbs : % change in supply 15% negligible in relation to 400% price change , so supply is perfectly inelastic

6 0

3 years ago