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4 years ago

State four components of business studies

Business

1 answer:

Bess [88]4 years ago

3 0

Answer:

The 4 main component of Business studies are,

Finance
Accounting
Marketing
Organizational Studies

Explanation:

Finance concerns with managing the money and the wealth of the organization so it could grow in the future.

Accounting is the function that records, controls and interprets the financial performance of an organization.

Marketing deal with the market that the company operates in, to enable the organization to adapt according to the current market status and customer needs.

Organizational studies the different aspect of organization, how to form them, control them, maintain them, different structure, etc.. Also, it concerns about the functions of a manager in an organization. Such as planning, leading and controlling.

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That is, 46%

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3 years ago

Read 2 more answers

Knowledge Check 03 During January, Dream House Builders, Inc. incurred $550 of actual indirect materials costs, as supported by

TEA [102]

Answer:

Debit: Work in Process Inventory $550

Credit: Actual Indirect Material Costs $550

<em>Transferred Raw Material to Production.</em>

Explanation:

Material Requisition is form in which a production department requests a Raw Material Department to release the Raw Material into a Production Phase.

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3 years ago

__________ is when the company keeps its customer happy enough to keep buying products from the company.

Troyanec [42]

Repeat sales or Repeat business

The web said repeat sales

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3 years ago

The minimum wage is an example of a Group of answer choices price ceiling. price door. price wall. price floor.

topjm [15]

Answer:

price floor

Explanation:

A price ceiling is a limit that is established by the government that determines the highest price that can be charged for a product or service.

A price floor is a control that is established by the government that determines the lowest price for a product or service.

According to this, the answer is that the minimum wage is an example of a price floor because it determines the minimum amount that a company can pay to a worker.

The other options are not right because a price ceiling establishes the highest price for a product and price door and price wall are not price controls.

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3 years ago

Singer and McMann are partners in a business. Singer's original capital was $36,200 and McMann's was $53,200. They agree to sala

Juli2301 [7.4K]

Answer: $35,276

Explanation:

They both have salaries of $12,900 and $18,500 for Singer and McMann, respectively as well as 10% of their initial investment.

Removing both their salaries from the income will be,

= 71,600 - 12,900 - 18,500

= $40,200

Then remove the interest of 10% on the original income that both of them earn from the remaining income.

= 40,200 - (0.1 * 36,200) - (0.1 * 53,200)

= 40,200 - 3,620 - 5,320

= $31,260

Now, out of this remaining figure, they share profits in a ratio of 3:2.

Singer would therefore get 3/3+2 of the income.

= 31,260 * 3/5

= $18,756

Now therefore, all of the money that Singer got would be,

= 12,900 (salary) + 3,620 (10% interest) + 18,756

= $35,276

Singer's share of the income be $35,276

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3 years ago

State four components of business studies​

State four components of business studies