Answer:
Particulars Amount
Sales $955,000
Less: Fixed cost of goods sold $111,000
Less: Variable cost of goods sold <u>$261,000</u>
Gross Profit $583,000
Less: Fixed selling & admin. costs $111,000
Less: Var. selling & admin. costs <u>$136,000</u>
Operating Income <u>$336,000</u>
Answer:
The description is for Colombia.
Explanation:
In Colombia and any Latin American country, the business creation process is usually more complicated due to the different types of legal procedures that must be carried out, which often ends up increasing informality levels. In the United States, the process is usually easier, since it takes no more than three days and can be done electronically. In Colombia, for example, a different procedure must be carried out for each national or territorial body (local and national taxes), commercial constitution, among other procedures that take approximately one month to complete. In addition, many of these obligations require the advice of a certified accountant who is the most suitable professional to carry out this procedure.
Employee factors observed that may warrant further reporting and review by managers and other institutional officials includes:
- Attrition reduction
- improved productivity
- General improved quality of life.
<h3>What factors affect employee performance?</h3>
The efficiency of workers in the workplace is known to be affected by:
- The issue of raw talent and skill
- Cognitive Biases.
- Environment Design, etc.
Therefore, Employee factors observed that may warrant further reporting and review by managers and other institutional officials include attrition reduction, improved productivity, and general improved quality of life.
Learn more about Employee factors from
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What do you want to be when you grow up?
A = P(1 + rt)
Where: A = Total Accrued Amount (principal
+ interest)
P = Principal Amount
I = Interest Amount
r = Rate of Interest per year in
decimal; r = R/100
t = Time Period involved in months
From the
question given,
A = $34,
200
P =
$20,000
I=
$14,200
r = ?
T = 6
years, 9 months = 81 months
<span>Substituting
the original equation for r:</span>
r = (1/t)
(A/P - 1)
<span>Solving our equation:
r = (1/81)((34200/20000) - 1) = 0.00876543
r = 0.00876543
Converting r decimal to R a percentage
R = 0.00876543 * 100 = 0.8765%/month</span>
R =
0.8765% per month
<span>Calculating the annual rate
0.8765%/month × 12 months/year = 10.518%/year.
</span>
<span> </span>
