Answer:
Sole proprietorship: Unlimited liability; Partnership:
Limited liability; Public corporation: Board of directors;
Nonprofit corporation: A goal to benefit its members
Explanation:
apexs
Answer:
The correct answer is letter "B": the excess of sales revenue over variable cost.
Explanation:
In its most simple form, contribution margin is calculated by subtracting variable costs and expenses from revenues. Contribution margin represents a part of the company's revenues that are not allocated for variable cost. Thus, that portion is used to pay the firm's fixed costs. Contribution margin is low usually for <em>labor-intensive</em> entities while <em>capital-intensive</em> companies tend to have a higher contribution margin.
Answer:
Samz Off-Road Rage
On an income statement, the following will be found as indicated below:
The Rent, Utilities, Business License, Security System, Cleaning Service, Accounting Service, and Payroll will be found on the expenses side. They are deducted from gross profit to get the net profit or income.
The Supplies and Display Materials will be found on Cost of Goods Sold side. They used to determine the gross profit.
Explanation:
Expenses relate to costs incurred for running a business. Examples are rent and workers' salaries and wages. In order to keep a business open to customers, they must be incurred.
By their nature, they are fixed costs to a large extent. With the matching principle, they must be subtracted from net revenue in order to determine the period's operating profit.
All store supplies and display materials relate directly to the cost of goods sold. They are costs incurred in order to have goods available for sale. They determine the gross profit of an entity.
Answer:
B. middle managers
Explanation:
Middle managers and lower managers are responsible for implementation of the organization's strategies. However, middle managers are in charge of the lower level managers and the former report to the top-level managers. Top level managers on the other hand are usually responsible for broad strategic planning that covers huge investment decisions, company polices and strategic alliances; they determine the trajectory of the company.
Answer:
c. the administrative principles approach.
Explanation:
The administrative principles approach serves as a guideline to understand the functions that a manager must carry out in order to successfully manage a business. They outlined a series of administrative functions:
- planning
- organizing
- directing
- coordinating
- controlling