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dexar [7]
3 years ago
7

Joel klippert says he pays himself last, after he pays his vendors and employees. explain this decision in terms of the principl

e of business profit. do you agree with his payment priorities?
Business
1 answer:
vivado [14]3 years ago
3 0

<u>Answer with Explanation:</u>

Paying employees and the vendors is necessary because they are very important stakeholders of the company. The company must manage its vendors and must not surpass the agreed credit period and credit allowed. If the company is properly managing its vendors then it is most likely that the company will taking maximum benefit out of it by increasing its credit period or credit allowed amount or both. This lower the working capital investment and thus would save the cost of financing the working capital, and hence the business profit would be increased. This means that the effective management of vendors increases business profit.

On the other hand, if we are not paying the employees in time then it will lower the motivation of the employees which would affect their productivity as well. Hence it is better to keep them motivated because it increases it productivity and also lowers employee turnover.

The impact of these decision would might seem that it has decreased the profit but employee cost are both fixed cost (salaried) and variable cost (wages) which means the fixed will remain the same but if the wages are growing then it is a sign of increased production. Hence we must pay them in time irrespective of business profit.

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Answer:

The correct answer is letter "B": personal ethics.

Explanation:

Personal ethics refers to the moral principle people consider inherent in themselves that drive their behavior. These principles extend to every aspect of their lives and are mainly noticeable in the professional field. Respect, honesty, integrity, and fairness are some examples of personal ethics.

8 0
3 years ago
In many organizations, marketing does not have a place of importance in the organizational hierarchy. Why do you think this happ
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Answer:

The correct answer is a combination of factors and is explained below.

Explanation:

On the one hand, the marketing area inside the companies tend to be left apart or not given much of the attention that they actual need inside the organization and that is<u> due to the fact that the business' owner or even the managers sometimes thinks that there is a major importance in the finances of the enterprise or even in the production and its current quality</u>.

On the other hand, the marketing function inside an organization should be taking care as much as the other functions due to the fact that it has a very huge importance in the selling process of the company and therefore in its number of sales during an amount of time. Moreover, those companies that do not focus so much effort in the marketing will probably have a great product with a good quality but <u>they would not acquire a big number of sales because they would not know how to sell the product and to whom</u>, furthermore they would <u>find themselves selling much less that does companies that have a simple product but a good marketing mix</u>.

5 0
3 years ago
At January 1, 2017, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purcha
zhannawk [14.2K]

Answer:

$4,000

Explanation:

The operating activities records daily activities of a business entity transactions such as depreciation expense, loss or profit on sale of long term assets, change in working capital etc.

With regards to the above scenario, there is a loss of $4,000 on the sale of equipment whilst same was recorded under the operating activity section as positive.

It is to be noted that the sale and equipment of an equipment falls under investing activity section hence shod be recorded therein as such, reason it was not considered here.

6 0
3 years ago
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Answer:

The answer is: $150,000

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The GDP includes all the final, finished and legal products produced in the country during a year.

The apples sold directly by the farmer to individual consumers and the apples the grocery store sells to households are both going to be included in the GDP.

The only apples not included in the GDP are the once sold to the company that produces apple juice, since they are intermediate goods and not finished goods.  

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3 years ago
Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and se
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please find the attached for an explanation

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