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Amanda [17]
4 years ago
15

Lesson 3 1. What is financial responsibility? 2. Give at least two examples of utilities. 3. What are features? 4. What are bene

fits? 5. What is a budget?
Business
1 answer:
Vlada [557]4 years ago
7 0

Answer:

The answers are:

1) Financial responsibility refers to the process of managing money (or other assets) in a productive way in the best interest of the individual or business.

2) Two examples of utilities are electric companies and natural gas companies.

3) Features refer to the characteristics of certain goods, services, assets, etc.

4) Benefits are something that provides an advantage for someone. Financial benefits refers to material benefits including, money, stock, securities, licenses, contracts, etc.

5) A budget is the estimated income and expenses over a specific period of time.

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Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are
strojnjashka [21]

Answer: $174000

Explanation:

The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:

= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)

= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)

= $66000 + $96000 + $12000

= $174000

5 0
3 years ago
An internal control system consists of the policies and procedures managers use to
Andrei [34K]
Oh man this is a tough one.... i love u!
4 0
4 years ago
Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a
podryga [215]

Answer:

e. $42,438

Explanation:

The computation of the retained earning is shown below:

Earning after tax = Sales - cost - depreciation expense - interest expense - income tax expense

= $318,400 - $199,400 - $28,600 - $1,100 - $30362

= $58,938

The income tax expense equal to

= (Sales - cost - depreciation expense - interest expense) × tax rate

= ($318,400 - $199,400 - $28,600 - $1,100) × 0.34

= $30362

Now the retained earning equal to

= Earning after tax - dividend paid

= $58,938 - $16,500

= $42,438

7 0
3 years ago
When Peter celebrated his 25th anniversary at the company, he felt that the gold watch he was given was just a meaningless trink
Marysya12 [62]

Answer:

The correct answer is: generativity vs. stagnation.

Explanation:

According to German psychoanalyst Erik Erikson (1902-1994), there are <em>eight (8) stages of Psychosocial Development</em>. Generativity vs. Stagnation is the seventh stage where individuals are between 40 to 65 years. <em>Generativity </em>aims to individuals' self-satisfaction by making an impact in their immediate surrounding environment. Failure to contribute to others' development causes <em>stagnation </em>and individuals tend to feel disconnected from their atmosphere.

7 0
3 years ago
What’s the answer????
Nastasia [14]
1) Not sure but I think A
2) D
3) A
3 0
3 years ago
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