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2 years ago

Profits are important so businesses can retain employees attract investors and contribute to the

Business

1 answer:

Nataly_w [17]2 years ago

5 0

Answer:

Profits contribute to the firm’s stability and growth.

Explanation:

Profit is the main motive of a firm or business entity. It is based on the numerical value of profit a firm’s stability is determined. The future growth, reputation, shareholder value, market value of a firm depends on the profit.

Only when the profits are high the firm pays a higher salary to its employers and higher dividend to its shareholders. Employees not only get a monetary return on contributing to higher profits but are also motivated to stay back in the same firm .

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On February 1, a seller paid $1,140 in annual property tax for the current calendar year. He sold the house with the closing set

Vera_Pavlovna [14]

Given:

Annual property tax = $1,140

Number of days = 91

To find:

Seller's credit for property tax

Solution:

The following is the calculation of the seller credit for property taxes,

$\text{Seller credit for property taxes} = \text{Total tax}\times \frac{\text{Number of days}}{360}$

On plugging-in the values we get,

$\text{Seller credit for property taxes} = \$1,140\times\frac{91}{360}$

$\Rightarrow \$1,140\times0.25278 = \$288$

Therefore, the seller's credit for property taxes is $288.

6 0

3 years ago

On December 31, before the closing entries, the following information is available for Jones Company: Service Revenue $10,000 To

madreJ [45]

Answer:

$15,000

Explanation:

Closing retained earnings is the accumulated value of an entity`s profit reserve from its earnings from both current and past accounting periods.Closing retained earnings is calculated by deducting dividend paid from earnings after tax of the current year and adding the balance to opening retained earnings.

= Opening retained earnings + (Earnings after tax - Dividend paid)

Based on the information supplied, the closing retained earnings will be:

Service Revenue 10,000

Total Expenses (6,000)

Operating profit 4,000

Dividend (1,000)

Retained Earnings 3,000

Retained Earnings b/f 12,000

Closing Retained Earnings 15,000

Note: No information in regard of tax, so the operating profit is used as profit after tax.

8 0

3 years ago

Personal communications about a product between target buyers and neighbors, friends, family members, associates, and other cons

Degger [83]

Answer:

E) word-of-mouth influence

Explanation:

3 0

2 years ago

Relish Corp is a famous fast food chain in the United States. However, increasing competition affects the company's market. Nich

densk [106]

Answer:

C) participative leadership style

Explanation:

Based on the information provided within the question it can be said that according to path-goal theory, Nicholas Cain exhibits a participative leadership style. This is a leadership style that emphasizes participation from all employees in a company in order to make decisions. Such is the case in this scenario as Relish Corp has made a forum where the employees can voice their opinion and ideas and the decisions are made based on these inputs.

8 0

2 years ago

Bee Inc. is working on its cash budget for March. The budgeted beginning cash balance is $35,000. Budgeted cash receipts total $

son4ous [18]

Answer:

$10,500

Explanation:

Bee Inc.

Cash Budget for March

Budgeted Receipts $116,000

Les Budgeted Expenses ($110,000)

Net Cash $6,000

Add Budgeted Beginning Balance $35,000

Balance $41,000

Loan ($51,500 - $41,000) $10,500

therefore,

To attain its desired ending cash balance for March, the company needs to borrow $10,500

4 0

2 years ago

Profits are important so businesses can retain employees attract investors and contribute to the​

Profits are important so businesses can retain employees attract investors and contribute to the