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3 years ago

Describe an important trade-off you recently faced.

Business

1 answer:

Vitek1552 [10]3 years ago

6 0

Answer:

Trade-off means that if we want to buy an economic good (anything that has monetary value) then we will demand an economic good (anything that has a monetary value). So this means if I want to buy chocolates then I will have to pay the shopkeeper money. Anything that you buy has a monetary value and we have to compensate seller for that. That's trade-off.

Suppose a situation that you have an opportunity to see bill gates in a show whose ticket has cost you $500 and if you have decided that you have to go somewhere else due to emergency then the loss will be $500 and meeting bill gates live. However his advice to young generation can be seen on social networks but what you lost is cost of seeing bill gates which you paid $500 and not attending the show to meet him.

My parents offered me chocolates to do homework because I was not interested in studies. My father used to read books in front of me to imitate me to read books and develop book reading habits.

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Prepare general journal entries to record the following transactions. No explanations.Jan. 3 Paid office rent, $1,600.4 Bought a

MArishka [77]

Answer:

Jan. 3 Paid office rent, $1,600.

Dr Rent expense 1,600

Cr Cash 1,600

4 Bought a truck costing $50,000, making a down payment of $7,000.

Dr Truck 50,000

Cr Cash 7,000

Cr Accounts payable 43,000

6 Paid wages, $3,000.

Dr Wages expense 3,000

Cr Cash 3,000

7 Received $16,000 cash from customers for services performed.

Dr Cash 16,000

Cr Service fees 16,000

10 Paid $4,100 owed on last month's bills.

Dr Accounts payable 4,100

Cr Cash 4,100

12 Billed credit customers, $5,300.

Dr Accounts receivable 5,300

Cr Service fees 5,300

17 Received $1,800 from credit customers.

Dr Cash 1,800

Cr Accounts receivable 1,800

19 Taylor Gordon, the owner, withdrew $1,700.

Dr Taylor Gordon, Drawing 1,700

Cr Cash 1,700

23 Paid $700 on amount owed for truck.

Dr Accounts payable 700

Cr Cash 700

29 Received bill for utilities expense, $255.

Dr Utilities expense 255

Cr Accounts payable 255

4 0

3 years ago

The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $

levacccp [35]

Answer:

multiple lang yan ate be

8 0

2 years ago

Financial statements are important for:

Tpy6a [65]

Answer:

its D All the above

That's What I think

Your welcome :)

5 0

3 years ago

Regarding the statute of limitations on additional assessments of tax by the IRS, select the applicable date in each of the foll

-Dominant- [34]

Answer:

A) The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on:

April 16, 2019 (the next day after the tax deadline)

B) The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on:

August 13, 2019 (the same day the taxes were filed)

C) The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations:

If the taxes were not filed, then the statute of limitations cannot begin to run.

D) The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations:

If the taxes were not filed, then the statute of limitations cannot begin to run.

3 0

3 years ago

You notice that when customers have too many choices, they are less likely to make a decision about what to buy, so you tell all

grin007 [14]

Answer:

This statement falls under Classical Management Theory

Explanation:

In this case, managers want to help customers in making their choices easy and simple for them. Yes, its very much true that too many choices create ambiguity, it becomes very hard for the customers to choose from overload of choices, that's the reason Apple only came with one phone model, iPhone. Furthermore, managers want employees to help customers, therefore, they have linked their motivation directly with the incentives and commissions, which directly falls under the classical management theory, which says that employees have certain economic and physical needs which they have to meet and fulfill. Moreover, classical management theory also helps us in the areas of leadership, specialization of labor, profits, and decision making. Here managers want to streamline their operations as well, which is also another feature of management theory.

7 0

3 years ago