Answer:
The two main leading stock exchanges in the United States are the New York Stock Exchange (NYSE) and the Nasdaq stock market. The NYSE is bigger than the Nasdaq, and it is a physical location exchange where traders meet to buy and sell securities. While the Nasdaq is an electronic dealer based exchange where brokers and dealers are connected electronically.
Answer:
a. True
Explanation:
Godiva is a well known chocolate shop and Hershey is renowned all over the world. To take over the market control both have divided consumers into different categories, e.g. luxury of buying chocolates versus cost-conscious who are willing to pay a subsequent amount only and those who are looking for quick energy boost so good labeling than those looking for a gift to loved ones so better outlook, although both have industries in the same market.
Answer:
Warbocks Corporation
Statement of retained earnings for the year ended December 31, 2017
Amount in $
Opening retained earnings 12,600
Net income for the year 7,000
Dividend <u> (5,000)</u>
Closing retained earnings <u> 14,600</u>
Explanation:
The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.
This includes the net earnings and dividend paid during the year.
Net income = $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000
= $7,000
Answer: An unfavorable variance can be used to detect a drop in estimated income early, and then solutions to the challenge can be identified.
Explanation:
An unfavorable variance is the difference between a company's projected expectation and the actual outcome of a financial activity of the company, where the actual outcome is less favorable than the projected expectation.
The information from an unfavorable variance can help alert a company to a negative outcome early, and the company's leadership can then find ways of solving the cause of the negative outcome.
<u />Unity of command is a principle wherein no subordinate in an organization reports to more than one boss.
Each department in a company has only one boss. Every boss of the department reports to one higher authority, and so on.
This is to avoid confusion among subordinates and to ensure that the authority of the boss is not diminish by the authority of another boss.
