Answer:
800,000/600,000=1.33
Profit percentage = 1.33-1=0.33=33%
0.02*800,000=16,000 worth of goods returned
Profit= 0.33*16,000=5280
COGS= 16,000-5280=10,720
Adjusting Entry
Debit Credit
Goods returned 10,720
Profit 5,280
Cash 16,000
Explanation:
The appropriate action would be: C. <span>Thank the taxpayer, and explain that you cannot accept any payment for your services.
Government workers couldn't receive cash payment in any kind unless there is a necessary administrative purpose.
They could on the other hand, receives Gifts that held the value less than $ 20</span>
Answer:
The answer is :
A. Resource market - income
B. Expenditure - product market.
Explanation:
A. Resource market - income
B. Expenditure - product market
The circular flow model shows how money moves through the economy in exchange for goods, services, and resources.
A.
In circular flow of income, households provide inputs to firms through the resource market(matket where households supply land, labor, capital, and entrepreneurship) in exchange for money(income or wages).
B.
Also in circular flow of income, firms receives expenditure from household and this type of market is called product market(which refers to a place where goods and services are bought and sold)
One of the first technologies to truly revolutionize the business use of information was a stone tablet. FALSE.
Answer: One of the first echnologies to truly revolutionize the business use of information were paper and the printing press.
When these developments came about, they made it easier for communication to be shared between businesses, cities, and the economy. Allowing for paper and the printing press increased communication and made room for new jobs. As they grew and expanded, new people were hired which helped the economy get a boost of new funds.
Answer:
(a) Coaching and facilitation
Explanation:
Coaching refers to polishing the skills of the employees by imparting knowledge and adequate training so that they are able to contribute efficiently as well as perform to their potential.
Facilitation refers to easing out the processes or making complex tasks easier. Facilitation refers to the act of simplifying a task.
Command and control tend to be imperative, domineering and authoritative. Those two terms also point towards rigidity and inflexibility.
Thus, shift in managerial work from command and control has been towards (a) Coaching and facilitation.
