Answer:
Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find
good chefs for her restaurant. Which type of resource is Elena lacking?
Elena is lacking Labor resource.
Explanation:
The Labor resource is the term related with the people needed for running the operation of a business. In this case Elena has the need for the chefs that will help you with the elaboration of the dishes that she wants to offer.
A business usually needs the following type of resources: labor, capital and land.
As we said previously Labor is the resource related to people.
Land is the resource related to the physical space where you want to set up your business. e.g store, online site, offices, building and so on.
Capital is the resource related to the money or financial investment needed to cover the initial launching costs.
Answer:
The correct answer is letter "C": Project organization.
Explanation:
Gobeli, D. and Larson, E. published in the <em>Project Management Journal</em> (1987) the <em>Relative effectiveness of different project structures</em> after their study on how projects are organized and how that organization affects the results of the team. According to them, superlative effectiveness is accomplished in project organization structures.
Answer:
a. Interest Revenue
Identification: Asset
Increases with: Debit
Normal Balance: Debit
b. Accounts Payable
Identification: Liability
Increases with: Credit
Normal Balance: Credit
c. Calhoun, Capital
Identification: Equity
Increases with: Credit
Normal Balance: Credit
d. Office Supplies
Identification: Asset
Increases with: Debit
Normal Balance: Debit
e. Advertising Expense
Identification: Liability
Increases with: Credit
Normal Balance: Credit
f. Unearned Revenue
Identification: Liability
Increases with: Credit
Normal Balance: Credit
g. Prepaid Rent
Identification: Asset
Increases with: Debit
Normal Balance: Debit
h. Utilities Expense
Identification: Liability
Increases with: Credit
Normal Balance: Credit
i. Calhoun, Withdrawals
Identification: Equity
Increases with: Debit
Normal Balance: Debit
j. Service Revenue
Identification: Asset
Increases with: Debit
Normal Balance: Debit
Answer:
A business can improve its average contribution ratio and its overall profitability, by shifting its sales mix to include more products with high contribution margin ratios.
In this case American steel company shift in product mix is due to a higher proportion of export sales. This shift caused to decline net income of the company. This is because the contribution margin ratio on export sales may lower than the other product mix. So, the shift of product mix to low contribution sales will cause to decline the net income.
