Answer:
The correct answer is D. Profit is the financial gain from business activity minus expenses.
Explanation:
For example a company whose business activity is selling chairs has sold 10 chairs in a month at 10 dollars each which it has bought in 6 dollars (per chair). The company has incurred 5 dollars as admin expenses and had paid 10 dollars to commercial bank as interest. So what is company profit?
Calculation.
The profit will be 25$ as shown below.
Sales (10*10) 100
Purchase (10*6) (60)
Admin expense (5)
Financial expense (10)
Profit 25
Answer:
2. Reflect situational, or contingency, conditions
Explanation:
Organizational Behavior must reflect situational, or contingency, conditions to study human nature
Answer:
<u>A</u>
<u>Explanation</u>:
Remember, a marketing manager has <em>limited</em> functions. The best things to include in the report is the pros, cons and cost of the noise reduction headphones.
The pros should highlight how it increases the writers customers service delivery which goes a long way to increase the marketing success of the firm.
Also, the cost as it pertains to the overall marketing cost the company should be mentioned, while also including the cons if any.
Answer:
The future value of a 18-year annuity of $2,000 per period where payments come at the beginning of each period is $59,078.
Explanation:
We apply the formula to calculate future value of annuity to find the future value of 18-year annuity as at the beginning of year 18 ( because payment comes at the beginning of the year):
2,000/5% x (1.05^18 -1) = $56,264.77.
We further compound the future value of 18-year annuity as at the beginning of year 18 for one period to come up with the future value of this annuity as at the end of 18 year time:
56,264.77 x 1.05 = $59,078.
So, the answer is $59,078.
