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KengaRu [80]
3 years ago
10

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

Business
1 answer:
Sauron [17]3 years ago
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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What is gdp expressed in constant, or unchanging, prices called?
horsena [70]
The GDP expressed in constant, or unchanging prices is called real GDP. 
Real GDP or Real Gross Domestic Product is the measurement of the value of economic output modified for the changes of prices like inflation or deflation.  This modification will transform the measure of the money-value, nominal GDP, into an index intended quantity of total output.
4 0
3 years ago
Read 2 more answers
1. Describe the four management functions and the type of management activity associated with each.
kari74 [83]

Answer:4 Functions of Management Process: Planning, Organizing, Leading, Controlling

Planning and Decision Making – Determining Courses of Action.

Organizing – Coordinating Activities and Resources.

Leading – Managing, Motivating and Directing People.

Controlling – Monitoring and Evaluating activities.

Explanation:

8 0
3 years ago
Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2
yan [13]

Answer:

$50,120

Explanation:

Account receivable on December 31, 2021 × 3% = 600

Account receivable on December 31, 2021 = $600 ÷ 3% = $20,000

Accounts receivable on January 1, 2021 = $20,000 - $118,000 + $148,000 + $120 = $50,120

Therefore, the balance of accounts receivable on January 1, 2021 is $50,120.

5 0
3 years ago
It will gain you more knowledge, intensify your soft skills ethics and grow your network
Paha777 [63]
Awareness.

If you can manage a key component of Emotional Intelligence: Active Listening, you’ll start to learn more because people will trust you, you’ll get better with people and meet more, and you’ll start to see success in work and in life.

Combine your ability to actively listen (to hear and understand what people are saying and demonstrate it) with:

Charisma, grativas, animus
Trustworthyness, authenticity, compassion
Empathy, intelligence and understanding
And you’ll get all those things you asked about because you’ll start to realise it isn’t about you: it’s about everyone else.
5 0
3 years ago
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Charleston Company has two departments (Processing and Packaging) and uses a job-order costing system. Charleston applies overhe
olga_2 [115]

Answer:

$1.236= Estimated manufacturing overhead rate

Explanation:

Giving the following information:

Processing:

Direct labor cost= $44,500

Applied overhead= $55,000

To determine the estimated overhead rate, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

55,000= Estimated manufacturing overhead rate*44,500

55,000/44,500= Estimated manufacturing overhead rate

$1.236= Estimated manufacturing overhead rate

3 0
4 years ago
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