Answer:
$97,000
Explanation:
The computation of the total cash receipts for the month of April is shown below:
= Cash sales in April + (Credit sales in February × following second month percentage) + (Credit sales in March x following month percentage)
= $40,000 + ($50,000 x 30%) + ($60,000 x 70%)
= $40,000 + $15,000 + $42,000
= $97,000
We simply added the cash sales for one month and the credit sales for two months so that the total cash receipts could come
Answer:
Total compensation earned by an employee before any deductions.
Explanation:
Gross pay is the total compensation earned by an employee before any deductions.
Net pay is the compensation after taxes and other deductions are removed
Answer:b) the employer pays his employees year end bonus according to how the business does and his observation of the employees efforts
Explanation: The best payment system to overcome moral- hazard problem by employers is to pay by piece rates.
Piece rates or payment by result system is a payment system where employees are paid in proportion to the efforts and the overall business performance. With this system both employees and employers will be satisfied with the outcomes and will in turn prevent any suspicions from the employees since the system is clearly understood by both parties and a mutual relationship we be created.
Answer:
Option e (oligopolistic) is the appropriate solution.
Explanation:
- The oligopoly would be a market governed by those few companies. There are several companies throughout this industry that offer relatively homogenous either separated goods.
- Often, since there are very few retailers on the marketplace, each seller affects the actions of several other companies and perhaps other businesses.
Some other available scenarios aren't relevant to the situation in question. That's the correct above.
Explanation:
When all the other factors such as technological development, supply quantity, etc. do not change, price would increase when there is higher demand for a product.
This is because at that time, the supply quantity is fixed (limited), the demand increases would raise the scarcity of the products - leading to the appreciation in its price.
This can also be explained by the model attached:
- First, the market is at the equilibrium at point A when the supply = demand = Q1, price = P1
- When all other factors do not changes but the demand increases, the demand curve would shift to the right.
- The intersection B of new demand curve and supply curve is the new equilibrium: price = P2 > P1
