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denis-greek [22]
3 years ago
14

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

Business
1 answer:
Nataly_w [17]3 years ago
5 0

<u>Answer:</u>

Profits contribute to the​ firm’s stability and growth.

<u>Explanation:</u>

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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Some financial experts recommend people create their personal budgets as follows: 50% on
AURORKA [14]

Answer: 592.614

Explanation:

She should spend 592.614 on wants because 592.614 is 30% of 1975.38

8 0
3 years ago
In the small country of Economerica, there are 6 thousand people employed, 1 thousand people unemployed, and 3 thousand people o
irakobra [83]

Answer: B. 20.00%

Explanation:

Unemployment rate does not include those who have given up on finding a job.

Unemployment rate = Unemployed people / Labor force

Unemployed people:

= Original unemployed + half the new graduates

= 1,000 + (1,000 / 2)

= 1,500 people

Labor force:

= Unemployed + employed people

= 1,500 + 6,000

= 7,500 people

Unemployment rate:

= 1,500 / 7,500

= 20%

3 0
3 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Aneli [31]

Answer:

The letter A is the right one.

Explanation:

By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.

4 0
3 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
kompoz [17]

Answer:

Accounts receivable $361,000 debit

Allowance for uncollectible accounts $560 debit

Net Sales $806,000 credit

0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224

adjusting entry:

December 31, 202x

Dr Bad debt expense 3,224

    Cr Allowance for doubtful accounts 3,224

Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.

8 0
3 years ago
gThe following data are available for Martin Solutions, Inc. Year 2 Year 1 Sales $1,139,600 $1,192,320 Beginning inventory 80,00
Vaselesa [24]

Answer and Explanation:

The computation is shown below;

For Year 1

Average inventory = (Beginning inventory + Ending inventory)÷ 2

= ($64,000 + $80,000) ÷ 2

= $72,000

Inventory turnover = Cost of goods sold  ÷ Average inventory

= $606,000 ÷ 72,000

= 8.4 times

Days in inventory = 365 ÷ Inventory turnover ratio

= 365 ÷ 8.4

= 43.5 days

For Year 2

Average inventory = (Beginning inventory + Ending inventory) ÷ 2

= ($80,000 + $72,000) ÷ 2

= $76,000

Inventory turnover = Cost of goods sold ÷ Average inventory

= $500,800 ÷ 76,000

= 6.6 times

Days in inventory = 365 ÷ Inventory turnover ratio

= 365 ÷ 6.6

= 55.3 days

3 0
3 years ago
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