____________ transforms resource inputs from the environment into product outputs.

In one or two sentences, describe why decisions are based on expected costs and benefits.

kow [346]

<span>Generally, man wants to engage in feasible business or investment that will bring profits or benefits. Because of this, before engaging in the business or purchasing of a product, he usually weights the costs and the benefits that will be derived. If the benefits are higher than the costs, he will usually be ready to engage in the business or buy the product, but if the reverse is the case, he will see no reason for engaging in such a business.</span><span />

7 0

3 years ago

Customer service is the __ a business takes to satisy customers.

belka [17]

Answer:

Management philosophy

7 0

3 years ago

Pizza Express Inc. began the 2016 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. P

sweet-ann [11.9K]

Answer:

Answer is explained in the explanation section below.

Explanation:

Part A: In part a, we are required to show the effects on the financial statements using horizontal statements model.

For that, we need to tabulate the entries properly. So, it cannot be done be done here in the typing section. So, I m putting it into the attachments. Please refer to the attachment for the part a solution.

Part B:

Reason of the difference:

Cash revenue is $8650 but cash flow amount is $9600

Total operating expense incurred is $3350 but the amount paid only $2700

It will create $650 difference income statement and cash flow.

These activities are reasons for the differences between cash flow from the operating activity and net income.

8 0

3 years ago

A bank loans money at an annual rate of 20 percent. Interest is compounded daily. What is the actual rate the bank is charging?

NeX [460]

Answer:

22.13%

Explanation:

The effective annual rate formula below can be used to determine the actual rate charged by the bank as follows:

Effective annual rate=(1+APR/n)^n-1

APR=20%

n=number of times interest is computed yearly=365

Effective annual rate=(1+20%/365)^365-1

Effective annual rate=1.221335858 -1

Effective annual rate=22.13%

The actual rate of interest on bank loan is 22.13%

8 0

3 years ago

Samuel, Inc. has Accounts Receivable of $200,000 and an Allowance for Doubtful Accounts of $10,000. If it writes-off a customer

Tanya [424]

Answer:

Net accounts receivable is $190,000 if Samuel, Inc. writes-off a customer account balance of $1,000.

Explanation:

Net accounts receivable = Accounts Receivable - Allowance for Doubtful Accounts

In Samuel, Inc., before write-off:

Net accounts receivable = $200,000 - $10,000 = $190,000

The company writes-off a customer account balance of $1,000 by the entry:

Debit Allowance for Doubtful Accounts $1,000

Credit Accounts Receivable $1,000

Allowance for Doubtful Accounts and Accounts Receivable decrease $1,000

Net accounts receivable after write-off = $199,000 - $9,000 = $190,000

3 0

3 years ago