Which annual financial statement tells what has been earned, what has been spent, and what is left over?

Bob lives in Miami and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of thi

Wewaii [24]

Answer and Explanation:

The identification of each transaction as an explicit cost or implicit cost is as follows

a. It is an explicit cost as the cost would be paid to the factors of production

b. It is also an explicit cost as the cost would be paid to the factors of production

c. It is an implicit cost as it is considered to be the hidden cost

d. It is also an implicit cost as it is considered to be the hidden cost

5 0

2 years ago

Why should you save your files on a regular basis?

stich3 [128]

Answer:

in case if anything happens

4 0

2 years ago

Read 2 more answers

The Economic Research Service of the U.S. Department of Agriculture provides information on topics from how many dairies there a

balandron [24]

Answer:

external secondary data

Explanation:

Secondary data is information collected by other people or other sources. The most common secondary data sources are national censuses, sales reports, economic reports, etc.

This type of data is very useful because it can help us to reduce the costs of a marketing research or other types of studies. A lot of information can be found on the internet, but you must try to use only the information that comes from reliable sources.

5 0

3 years ago

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

umka2103 [35]

Answer:

Cash Flow

year 1: cash generated in operating activities: 35,000

year 2: cash used in operating activities (28,000)

Receivables:

year 1: 23,000

year 2: 40,000

Net Income

year 1: 32,000

year 2: 59,000

Explanation:

Cash flow:

operating activities: year 1

collected from client 170,000

salaries paid to employees (100,000)

utilities (35,000)

insurance policy (63,000)

cash used in operating activities (28,000)

operating activities: year 2

collected from client 200,000

salaries paid to employees (110,000)

utilities (55,000)

cash generated in operating activities: 35,000

receivable:

billed - collected

year 1 receivables 193,000 - 170,000 = 23,000

year 2 receivables 240,000 - 200,000 = 40,000

Income Statement year 1

fees revenues 193,000

salaries (100,000)

utilities (40,000) (incurred cost)

insurance (21,000) (63,000 for three years, the value of 1 year is 21,000)

net income 32,000

Income Statement year 2

fees revenues 240,000

salaries (110,000)

utilities (50,000) (incurred cost)

insurance (21,000) (63,000 for three years, the value of 1 year is 21,000)

net income 59,000

5 0

2 years ago

__________ is marketing research to better describe marketing problems, situations, or markets such as the market potential for

Alenkasestr [34]

Answer:

Marketing research is marketing research to better describe marketing problems, situations, or markets such as the market potential for a product or the demographics and attitudes of consumers.

What is marketing research? 

Marketing research is the process of designing, gathering analyzing and reporting information that may be used to solve a specific marketing problem.

3 0

2 years ago