A base year refers to the first of a years's series in an economic or financial index. New base years are introduced on a regular interval to keep data updated in a particular index. A base year helps to carry out comparisons in the measure of a business activity or economic index.
Trend analysis is the term used for calculating the amount of the increase/decrease for the period by subtracting the earlier year from the later year.
Negative difference means the change is a decrease, and positive difference represents an increase. So, in the context of trend analysis, the base year will be the current year.
Answer:
A. Cinematographer
Explanation:
They film the movie not read the script.
The pros of becoming an entrepreneur are:
The entrepreneur creates jobs. This reduces the rate of unemployment in the society.
2. The entrepreneur brings innovation: in a bid to attract customers, there would be an need to innovate. This would lead to technological advancement.
3. An entrepreneur earns income from his ventures.
The cons of becoming an entrepreneur are:
1. It might be difficult to raise capital sufficient to run the business.
2. The pressures of running the business might lie solely on the entrepreneur.
<h3>
Who is an entrepreneur? </h3>
An entrepreneur is a person who establishes or creates a business. The entrepreneur bears the risks and rewards of the business.
To learn more about an entrepreneur, please check: brainly.com/question/4910555
Answer:
Searches related to Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month. During December, 23 employees qualify for one vacation day each. Their average daily wage is $160 per employee. 2. During December, Maxum Company sold 3,900 units of a product that carries a 60-day warranty. December sales for this product total $123,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $19. Prepare any necessary adjusting entries at December 31, 2013, for Maxum Company’s year-end financial statements for each of the above separate transactions and events. Entry #1:Employees earn vacation pay at a rate of one day per month. During December, 23 employees qualify for one vacation day each. Their average daily wage is $160 per employee. Prepare the related adjusting entry. Entry #2:During December, Maxum Company sold 3,900 units of a product that carries a 60-day warranty. December sales for this product total $123,000. The company expects 7% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $19. Prepare the related adjusting entry
Explanation:
Answer:
Operations.
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
A cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
The activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.
Hence, operations is a function of business that focuses on ongoing activities at the business with a focus on running efficiently. Simply stated, operations has to do with all the day-to-day tasks, responsibilities and functions that are being performed for the successful and smooth running of a business.