Impact on Corona virus as one of the socio-economic issues on business

Interperiod equity refers to the concept that current-year revenues are sufficient to pay for services provided that year, so th

amm1812

Answer:

True

Explanation:

INTERPERIOD EQUITY is a government's obligation for enterprise to disclose whether current-year revenues were sufficient to pay for current-year benefits, or was payments defer to future taxpayers. That is, interperiod equity refers to whether the revenues gotten in the current-year are sufficient enough to pay for the services provided that same year.

4 0

4 years ago

Read 2 more answers

The Sheridan Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rent

padilas [110]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the unitary variable cost and the fixed costs:</u>

Unitary variable cost= 6 + 12= $18

Total fixed costs= 4,000 + 1,500 + 1,300 + 832

Total fixed costs= $7,632

<u>Now, to calculate the break-even point both in units and dollars, we need to use the following formulas:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 7,632 / (36 - 18)

Break-even point in units= 424 per month

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 7,632 / (18/36)

Break-even point (dollars)= $15,264

8 0

3 years ago

Inspiring and motivating people with a mission or purpose is a ______________ for developing an organization that can learn and

sergij07 [2.7K]

The correct answer is B. Necessary but not sufficient condition goal

Explanation:

A necessary condition for a goal refers to a condition or factor that is mandatory to achieve a goal. For example, to obtain a bachelor's degree a necessary condition is to complete a bachelor's program. Besides this, a condition is sufficient if no other conditions are required, this applies to the previous condition as the main requirement for a bachelor's degree is to complete all the courses or program.

In this context, inspiring and motivating people in the goal of making an organization that can learn and adapt is a necessary condition because organizations require cooperation and group work and this is achieved if people of the organization feel inspired and motivated. However, this is not the only condition, and therefore it is not sufficient as other factors such as a budget, a clear plan, etc. are needed.

8 0

4 years ago

Walker & Co. (Walker) signed a written contract to lease a large neon advertising sign to Herbert Harrison, who is in the dr

Colt1911 [192]

Answer:

I believe that Walter breached the contract because they failed to clean the sign, but I wouldn't consider it a material breach (this would be a non-material breach).

A material breach of a contract takes place when the breaching party does something (or fails to do something) that goes against the basic reason why the contract was signed. A material breach would be that Walter didn't provide the sign or that the sign never worked (didn't turn on). But in this case, the sign was a little bit dirty with little spider cobwebs appearing at its corners.

4 0

4 years ago

Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches

shutvik [7]

Answer:

Fixed Overheads Spending Variance = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = $20,000 Favorable (F).

Explanation:

Fixed Overheads Spending Variance = Actual Fixed Overheads - Budgeted Fixed Overheads

= $305,000 - $300,000

= $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = Fixed Overheads at Actual Production - Budgeted Fixed Overheads

= ($5.00 × 64,000) - $300,000

= $320,000 - $300,000

= $20,000 Favorable (F)

3 0

4 years ago

Impact on Corona virus as one of the socio-economic issues on business​

Impact on Corona virus as one of the socio-economic issues on business