Answer:
Profit Motive
Explanation:
Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.
The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.
Answer:
$11,175,000
Explanation:
The net sales of Siena Company for the last year shall be determined through following mentioned formula:
Net sales=Gross sales-sales returns and allowances-sales discounts
In the given question:
Gross sales=$11,720,000
Sales returns and allowances=$370,000
Sales discounts=$175,000
Net sales=$11,720,000-$370,000-$175,000=$11,175,000
Hello there so, globalization is basically the process in which businesses develop international influence or start operating across the globe. Keeping this in mind, you can say that businesses can use globalization to their advantage by A, advertising more of the certain product so that it becomes more popular in that region, or B, in which you can increase the price of the certain product when its introduced into a new region. Hope this helped, if you have any questions, please ask!
Answer:
$6,200
Explanation:
Using the straight-line method of depreciation, the depreciation expense is the same for each year during the estimated 10-year life of the asset. The yearly depreciation is given by:
Blossom Company has a depreciation expense for 2017 of $6,200.
Answer:
b. Those who have a reasonable understanding of business and economic activities
Explanation:
Financial statements by an entity should be prepared in such a way so as to enhance their understandability aspect and help in better comprehension and interpretation of financial information by the users.
The above objective can be met by providing detailed disclosures and appropriate notes to accounts as required by laws and statues i.e financial reporting framework.
Understandability refers to the fact that those individuals who have limited financial knowledge should be able to comprehend the presented information as intended and should be able to draw out reasonable conclusions from their understanding of the same.
