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3 years ago

Net income is shown on the end-of-period spreadsheet in the Income Statement debit column and the Balance Sheet credit column.

Business

1 answer:

enyata [817]3 years ago

8 0

Answer:

True

Explanation:

It is True because net income is shown in the Balance sheet as a credit account as it increases the revenues and as a debit column in the Income Statement of the end-of-period spreadsheet.

This entry is reversed for the net loss. It would be shown as a debit column in the Balance Sheet ( indicating an expense/ a loss) and as a credit column in the income statement.

The net income is shown as a debit column in the Income Statement of the end-of-period spreadsheet indicating that the credits ( revenues) are more than the debits ( expenses) and we get the balance of the income after deducting the expenses from the revenues. It is entered above the debit totals.

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Suppose that Greece and Switzerland both produce beer and olives. Greece's opportunity cost of producing a crate of olives is 5

Rama09 [41]

<u>Answer: </u>

Out of the following prices, the price of 7 barrels of beer per crate of olives would make the trade beneficial for both Greece and Switzerland.

<u>Explanation: </u>

As we know that in Greece, a single crate of olive costs five barrels of beer. Where on the other hand, in Switzerland, one crate of olive costs ten barrels of beer.
Hence, if Greece agrees on giving one crate of olives on every seven barrels (two barrels more than what it costs in Greece), the trade would be beneficial for Greece.
Similarly, if one crate of olives costs seven barrels of beer instead of ten barrels, the trade would be beneficial for Switzerland too.

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3 years ago

An example of a company connecting with customers to add value in its package redesign strategy is Blank______.

kakasveta [241]

An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.

<h3>What is a redesign strategy?</h3>

A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.

Steps to a successful redesign of business processes:

Set precise objectives.
Prioritize each business process after identifying it.
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A single workflow.
Give authority to those in charge of processes.
Single-source information collection.

In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.

To know more about design strategy refer to: brainly.com/question/14506200

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1 year ago

GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in

Bingel [31]

Answer:

False.

Explanation:

GANTT refers to a chart that was developed by Henry L. Gantt, who was an american engineer and a social scientist, and is thus named after him. This chart is used to describe and illustrate various scheduled activities and the duration that each activity might take to complete. There is no full form for this word "GANTT". Therefore, the statement is false.

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3 years ago

three-fourths of the burden, and sellers bear one-fourth of the burden. b. one-half of the burden, and sellers bear one-half of

zubka84 [21]

The correct option is: For each unit of the good that is sold, buyers bear <u>one-half of the tax burden and sellers bear one-half of the tax burden.</u>

<u>Explanation</u>:

Incidence of tax is a term referred in economics which deals with division of taxes. Tax incidence refers to division of tax among the buyer and seller for a product. The tax incidence is related to the price elasticity of supply and demand.

When a product is sold, the buyer of the product is charged with one-half of the tax burden and the seller of the product bears the other-half of the tax burden.

The incidence of tax can be observed in two ways:

i) Formal incidence

ii) Effective incidence

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3 years ago

Given your understanding of the marketing discipline (analyzing the situation through the 3cs, developing marketing strategy thr

Dmitrij [34]

Answer:

Explanation:

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2.Promotion: Does our customers or potential customers still view our advertisements.

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4.Customers: Talk about our target audience, is there any change?

5.Competition: what are our competitors doing, why do customers prefer them to us

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3 years ago