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nikitadnepr [17]
3 years ago
14

At your first meeting with Alex, you ask to see his most recent financial statements so that you can get an overall assessment o

f the restaurant's financial health. Alex looks at you blankly and says, "I'm a chef, not an accountant, and I don't know what financial statements you're talking about. Can you explain to me?" What should your response be?
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

The two main financial statements are the income statement and the balance sheet.

In the income statement all the revenue and the expenses should be accounted for, resulting in net profits or net losses. The income statement shows how the restaurant has been performing over a given period (usually a year).

The balance sheet is like a photo of the restaurant itself at a specific point in time. The balance sheet shows what assets the restaurant has, how much money it owes and what percentage of the business really belongs to the owners.

The other two financial statements are the statement of owner's equity and the statement of cash flows, but they are more complicated to explain and not that basic for a small business.

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Healthier, more educated workers tend to be more productive. Greater overall productivity per hour worked is a fundamental compo
Alex73 [517]

Answer:

The correct option is (C)

Explanation:

Brain drain is the term referred to mass movement of competent human capital from developing countries to developed countries for better opportunities.

Following are the reasons for brain drain in developing countries:

  • Lesser employment opportunity
  • Poor economic conditions
  • Illiteracy and poor health facilities
  • Low standard of living

Educated and competent human capital, therefore, move to developed countries for better living conditions.

By improving health and economic conditions, developing countries can combat the problem of brain drain.

8 0
3 years ago
The marketing manager for an automobile manufacturer is interested in determining the proportion of new compact-car owners who w
Nataliya [291]

Answer:

After the result obtained through the hypothesis test, I have sufficient evidence to reject the null hypothesis.

Explanation:

The null hypothesis is the statement that two (or more) parameters have no relation to each other.

X= estimated proportion new cars owner tha purchase the knee airbag

Y= they would have purchased the knee airbag

Z= the new compact owners

X= Y/Z

Hypothesis

H0= 0,30 (equal 30% .They would have purchased a knee airbag if it had been available)

H1≠0,30 (different to 30% .They would have purchased a knee airbag if it had been available)

Survey

Y=79

Z=200

X= 79 /200

X=0,395 ( 39,5% .They would have purchased a knee airbag if it had been available)

3 0
3 years ago
Identify the advantages and disadvantages of a command economy.
Ronch [10]
Good things
1. Government can control market failure
2. It help optimize social welfare
3. It prevents monopoly

Bad things
1. Lack of efficiency 
2. No rewards 

7 0
3 years ago
TP6.
Setler79 [48]

Answer:

Yes, common and operational expenses.

The effect on financial statement  would be dynamic, as some figures would fluctuate based on volume

Explanation:

A flexible budget is very much adjustable based on the level of production activity. Hence this will also reflect on the financial statement, if management takes this approach

5 0
3 years ago
Plz, help ASAP!!!!!!
Cerrena [4.2K]
<h2>Grants are typically needs-based while scholarships are typically merit-based. </h2>

Explanation:

Option 1:

This is invalid because grands are usually need based and scholarships are usually merit-based.

Option 2:

This is the right answer.

Grants are often given considering the family background in terms of financial situation.

Merit-based are often based on GPA that the student secure

Option 3:

This stands invalid because you need not write any essay.

Option 4:

This is also invalid because both Federal and state governments offer both Grants and merit-based scholarships.

5 0
4 years ago
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