Answer:
Explanation below
Explanation:
Outsourcing simply involves the act of contracting our certain business activities and processes to third-party providers.
Staff
When you outsource your staff, you can be able to save cots and use the freed capital for other things but the disadvantage would certainly be around the issue of confidentiality of business information.
When you outsource computer servers, software licensing, and data storage, you would gain access to world-class capabilities because the third-party providers would likely provide them to meet their customers.
There would also be shared risks as part of the benefits. The disadvantages could include loss of control. People who discourage outsourcing of these functions are of the opinion that third-party vendor cannot be able to match the level of responsiveness and levels of services that could be offered by an in-house team
Answer:Using LIFO, gross profit on 18 units sold is $562
Explanation: The Last In, First Out (LIFO) inventory costing method is one which assumes goods brought in most recently are sold first, then the one after that, and so on. It is demonstrated as follows:
The 18 units sold would be costed as
6 units bought on Nov. 6 @ $25, amounting to $150
10 units bought on Nov. 2 @ $22, amounting to $220
2 units bought on Nov. 1 @ $20, amounting to $40
Gross profit = Sales revenue - cost of goods sold
Sales revenue = 18 units × $54 = $972
Cost of goods sold = $150 + $220 + $40 = $410
Therefore, gross profit will be
$972 - $410 = $562
Answer:
c. Economists devise theories, collect data, and analyze the data to test the theories
Explanation:
Economists use past data to predict the future.
They make use of sound economic theory instead of rule of thumb to predict the future.
I hope my answer helps you
Answer:
A special journal
Explanation:
A special journal also called specialized journal is a book of original entry used by many business entities to record and keep track of transactions of similar nature that occur frequently.
The operation of general journal makes transaction recording quicker and easier, because special journals are transaction specific in nature in the sense that it records sales transactions separate from purchases transactions and so on.
Answer:
b. 2
Explanation:
Simple interest is calculated using the formula
I = p x r x t
Where p= principal amount
r= interest rate
t= time in years
Mary invested $200, at 5% for three years. She earned a simple interest of;
I= $200 x 5/100 x 3
=$200 x 0.05 x 3
=$30
If John received the same amounts, It means
$30= $300 x 0.05 x t
$30 = $15t
t= $30/$15
t=2
Time is 2 years