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3 years ago

REFLECTION QUESTIONS

Business

1 answer:

telo118 [61]3 years ago

8 0

Answer:

Expenses must be close or above $2000 per month

Explanation:

For a business to operate at a profit, its revenues must exceed the expenses by a sizable proposition. Revenues refer to income from business activities, while expenses are the cost incurred in generating that income. Should the costs match or be higher than the revenue, a business will find it challenging to continue operating.

In this case, the business owner is generating revenues of $2000 per month. If he is struggling to stay open, it means the monthly expenses are around or above $2000. The $2000 that the business is generating per month is not sufficient to cater for all expenses and the desired profits. The business owner is probably making losses, and that why he is having trouble keeping the doors open.

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Cyclical unemployment is BEST described as unemployment arising from

Ira Lisetskai [31]

Answer:

Contraction cycle or Recession

Explanation:

The cyclical unemployment is due to the cycles of economy ( expantion:Grow and contraction: recession) Under these circumstances unemployment is considered normal as the economy cannot sustain itself always in an expansion cycle.

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3 years ago

Assume the following information for Teal Mountain Corp.

jek_recluse [69]

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3 years ago

Jessie's business sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina. This is an example of a ____ busi

Alla [95]

It should be noted that Jessie is into a Distribution business when she sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina.

<h3>What is Distribution business all about?</h3>

Distribution in business can be regarded as an activity of both selling and delivering products and services from manufacturer to customer.

It often called product distribution and it helps to ensure that customers and all members of the distribution channel are happy.

Learn more about Distribution business at:

brainly.com/question/24448358

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2 years ago

Match the following statements to the appropriate terms. An entry that involves three or more accounts. Transferring journal ent

Evgen [1.6K]

Answer: The answers are given below

Explanation:

• An entry that involves three or more accounts. = Compound entry.

A compound entry is when two or more journal entries are combined together on order to save time.

• Transferring journal entries to ledger accounts. = Posting

• The side which increases an account. = Normal account balance.

• A list of all the accounts used by a company. = Chart of an account.

A chart of accounts (COA) consists of all the financial accounts that are in the company's general ledger. It gives the the details of the financial transactions that is being conducted by a company for a particular accounting period.

• A record of increases and decreases in specific assets, liabilities, and stockholdersl items. = Account

• Left side of an account. = Debit

The debit is an entry used to record the amount that the entity owe and it is always listed on left-hand side of an account.

• An entry that involves only two accounts. = Simple entry

A simple entry is made up of two accounts while a compound entry is made up of more.

• A book of original entry. = Journal

A journal is a record of every financial transactions that a business takes part in.

• A list of accounts and their balances at a given time. = Trial balance

The trial balance consists of a list of all the general ledger accounts that is, both the revenue and capital that are contained in a business ledger.

• Has a credit normal balance = Revenue account

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3 years ago

Libel is a defamatory or hurtful remark told about someone to others, and slander is when this remark or comment is broadcast ov

NemiM [27]

Answer:

This is false.

Explanation:

The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:

Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.

Slander refers a spoken false statement about another person that damages their reputation unjustly.

Based on the definitions above, the statement in the question can be correctly rewritten as follows:

Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.

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2 years ago