Answer:
the total salon services and products sold
Explanation:
Productivity can be regarded as ratio of output volume to that of the volume of inputs. It give the measurements of
production inputs efficiency, these input could be labour, capital. Productivity helps to know how these inputs are been used in production of given level of output in economy.
Answer:
$75,000
Explanation:
Revenue is said to be earned on the deliver of the goods and services to the party that enjoys the benefits from the good or service.
As long as control of the goods has been transferred, the revenue is earned. Note that this is not when cash has been collected.
As such, if the company earned $75,000 in 2018 but some amounts are to be collected in subsequent years, the revenue earned in 2018 is still $75,000 while the amounts yet to be collected will be recognized in accounts receivable.
Answer:
Wilson previously worked as an accountant, earning $3,000 a month.
Explanation:
Implicit costs or opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.
In this case, Wilson had to quit his former job as an accountant in order to open his health club. So the salary that Wilson could have earned as an accountant would be the opportunity cost of opening his club.
Answer:
Skilled labor
Explanation:
As per the modern economic growth theory, the economic growth would be possible via expenditure done on research & development and have the knowledge regarding innovations so for this the skilled labor is required that helps in research & development and so for innovations
So as per the given statement, the skilled labor is the correct option
Hence, the same is to be considered
Answer: True
Explanation:
Cost-volume-profit analysis is refered to as the predictive tool that can be used for the determination of the profit consequences of the price changes, future cost changes, price and the volume of the activity changes.
It requires the management to classify all the costs as either fixed cost or variable cost with respect to production or sales volume within the relevant range of operations.
