Answer:
a
Explanation:
because they went with someone less qualified
Answer:
Revenue for Smart Suiting is $521,306.
Explanation:
Revenue is the business operational source of finance. IFRS has made standards for revenue recognition which need to be followed by all organizations. The revenue should be calculated after deducting trade and cash discounts. If there is any sales return it should be deducted from the gross revenue figure. Net revenue should be reported in the Income Statement.
Answer:
D) short-run fluctuations in output and employment
Explanation:
The business cycle and the economic cycle are basically the same thing. They both refer to the fluctuations (growth and shrinkage) of the gross domestic product. It is usually divided into 4 periods:
- Expansion: the economy is growing, GDP is increasing, total economic output increases.
- Crisis: economic growth stops, and the GDP starts to fall
- Recession: the economy starts to shrink, and the GDP decreases. Total economic output decreases, as well as prices.
- Recovery: the economy hits a low point, and then starts to bounce back.
Answer:
$1,500
Explanation:
Data provided in the question
Sales for the appliances for the entire month = $50,000
Expected future warranty cost = 3% of sales
By considering the above information, the amount that should be reported as a liability is
= Sales for the appliances for the entire month × Expected future warranty cost
= $50,000 × 3%
= $1,500
Simply we multiplied the sales with the given percentage so that the liability amount could arrive
If you have a total consumption budget for each month, then at least consumption budget of between three to six months should be put in your emergency fund account to cater for financial dilemma which may occur at any time due to loss of job or other factors. After this, you can now start saving toward long term goals by saving at least 10% of your income.
