Accounting profits for the month = $4,000.
<h3>
What is production?</h3>
- In order to create anything for consumption, several material and immaterial inputs are combined during the production process.
- It is the process of producing output, a good or service that has value and enhances people's usefulness.
<h3>What are profits?</h3>
- The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit.
- It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
<h3>
Solution -</h3>
Production happens 7 days a week.
Let,s tale 28 days in a month (4 weeks in a month)
50 items are produced every day and each costs $10.
50 × 10 = $500 (Daily sale)
Monthly sale = 500 × 28 = $14,000 (Monthly revenue)
Cost of production per month = $10,000.
Profit = 14,000 - 10,000 = $4,000.
Therefore, accounting profits for the month = $4,000.
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Answer:
Vision
Explanation:
Vision is the energy that provides an entrepreneur and its organization with the ability to perform and succeed. An entrepreneur should be the main driving force of the passion and energy that the business or vision needs to survive
Employee's<span> and </span>candidates<span> are used interchangeably. But when talking with human resources recruiters, Employee's </span><span>are job seekers who have “applied” for your job opening. ... Out of an </span>employee<span> pool of 300, you might only identify 15 </span><span>candidates</span>
Answer:
A transaction that involves the investment of cash in a business is debited because
1) For a business to invest cash for their expansion, involves the reduction of finances in the available revenue or profit for the purchase of equipment, property and software for internal use, for which money has to be drawn, which is a form of b=debit
2) For an owner investing money into his business, is taken as an increase in the amount the business owes the owner, which is equivalent to amount owed the owner which has to be recorded as a debit for financial accounting
Explanation:
