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2 years ago

In your own words....

Business

1 answer:

Amiraneli [1.4K]2 years ago

3 0

Answer:

Explanation:

What is a service business? Give an example of one

Examples of service businesses include companies engaged in transport, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.

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6. Assuming the partial billing was approved for payment and the expenditure and liability (contracts payable) was recorded for

jenyasd209 [6]

Answer:

Option A, Credit to Cash, $560,000

Explanation:

As per the data given in the question,

Expenditure and liability = $700,000

Retaining percentage = 20%

Assuming the partial billing was certified for expenses and payments and liability was approved for amount $70,000. Though, Oxford has a policy not to pay 100 percent, but to retain 20 percent as a retained percentage.

So, $700,000 - $700,000 × 20%

= $700,000 - $140,000

= $560,000

Therefore, The entry to record the approved payment and retained percentage would include:

Option A, Credit to Cash, $560,000

8 0

3 years ago

Which term refers to the ethics you follow at the workplace?

nikitadnepr [17]

Workplace ethics is the ethics we follow t the workplace. Professional ethics which is closely coined term is the ethics and code of conduct is concerning one's business or related to one's profession.

Explanation:

Ethics is literally defined as the behavior of an individual concerning one's work, personal life and one's dealing with others. These are the set of values and conduct of an individual while performing his or her duty at work or home or anywhere. Its the way one deal with others in his or her personal and professional life.

Workplace ethics of-late has become extremely imperative and sensitive term with the growing complexities and scope of business and commerce. Even government agencies and organisations have started implementing workplace ethics in a big way. Workplace ethics talks bout one's integrity, uprightness and honesty in transacting business and official dealings at work. Its the behavior of an employee shows while performing his or her duties. Its not secluded to just employees even employers in the changing business scenario has to follow and adhere by certain standards and meet certain guidelines.

Workplace ethics in other words re the set of parameters , regulations and standards which an employee as well as employer has to follow at work place . The core purpose of such ethics is to dd more transparency in the official discharge of duties , standing out as an example for competitors , setting standards for following for laws and being transparent.

5 0

3 years ago

What is one force facing U.S businesses today ?

Rashid [163]

Employee healthcare , hiring employee increeccing profit

5 0

3 years ago

A customer has requested that Lewelling Corporation fill a special order for 2,400 units of product S47 for $36 a unit. While th

yKpoI14uk [10]

Answer:

Effect on income= $38,640 increase

Explanation:

Giving the following information:

Units= 2,400

Seling price= $36

Variable cost per unit:

Direct materials $4.80

Direct labor 4.00

Variable manufacturing overhead 1.90

Total variable cost= 10.7

Increase in variable cost= $1.70

Increase in fixed costs= $18,000

Because it is a special offer, there is unused capacity, and other sales will not be affected, we will take into account only the incremental fixed costs (besides the variable costs).

Sales= (2,400*36)= 86,400

Total variable cost= 2,400*(10.7 + 1.7)= (29,760)

Increase fixed costs= (18,000)

Effect on income= $38,640 increase

6 0

3 years ago

Jamie works as a barista at Coffee-Ha-Ha, a small chain ofthree coffee houses, in the main facility located in Paradise, New Jer

Eduardwww [97]

Answer:

C) Jamie is only entitled to the leave to take care of his daughter.

Explanation:

The Family and Medical Leave of 1993 applies to all public entities, schools, and businesses with 50 or more employees. In this case, Coffee-Ha-Ha is included since it has 61 employees (including Jamie).

This law provides employees with up to 12 weeks of unpaid leave for:

Birth and care of the newborn child .
Placing a child for adoption or foster care.
Take care of family member (spouse, child, or parent) with a serious health condition
Take medical leave when unable to work due to a serious health condition.

Jamie cannot take a leave for taking care of his mother in law, but he can take an unpaid leave for taking care of his daughter.

8 0

3 years ago