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3 years ago

What determines the value of an item? (Edg.)

Business

1 answer:

Snowcat [4.5K]3 years ago

6 0

Answer:

the amount of goods that are produced. -the capital required to build the factory. -the unlimited wants of the consumers. -the resources consumed in production.

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A major ethical dilemma in modern business stems from the growth of environmentalism and the “green” lifestyle. Businesses argue

Westkost [7]

Businesses have a moral obligation that must be politically enforced.

Explanation:

Businesses working from profits often use indiscriminate measures to garner profits for themselves while using their capital as economically as they can.

This includes the exploitation of workers. To counter this, we have trade unions.

Similar is the situation for conservation. Environmental issues indirectly affect the whole population of the country and every company has a part in it. Hence environmentally secure sanctions need to be put in place even if it eats into the company's profits.

8 0

3 years ago

In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each y

Kisachek [45]

Answer:

The correct option is April 2017-March 2018

Explanation:

Since the company adopts a continuous quarterly budgeting,in 2017,the first revision and update would take place immediately after the first quarter.

The first quarter of the year ends on 31st March based on a January to December year end,the first revision and update would take 1st day of April 2017,hence the first revision and update would cover a one year period of April 2017 to March 2018,while the second update and revision would be expected July 2017 to June 2018

5 0

4 years ago

Select all the correct answers.

makkiz [27]

Answer:

an increase in the number of goods produced

the creation of employment opportunities

Explanation:

The GDP value communicates the rate of economic growth in a country. An increase in GDP shows the economy is growing. The GDP value is calculated by adding all the values of new goods and services produced within the country. An increase in the value of products and services produced results in an increase in GDP, indicating economic growth.

When businesses need to offer more goods and services, they require to hire additional workers to be engaged in production activities. Economic growth means more job opportunities are created.

3 0

3 years ago

On May 1 of the current year, La Presa Company sells some equipment for $25,000. The original cost was $50,000, the estimated sa

snow_tiger [21]

Answer:

The loss on sale is $ 4,000.

Explanation:

Loss or gain on an Asset can be determined by this formula:

Loss or gain = Disposal/Consideration price - Book Value of Asset.

Determining book value.

Book Value of Asset = Acquisition cost - Accumulated depreciation.

Acquisition cost is 50,000.

Annual depreciation expense = Depreciation base/Number of years.

(50,000 - 5,000) /5= 9,000

Accumulated depreciation is 18,000 + (9000 × 4/12) = 21,000.

Therefore book value of asset = 50,000 - 21,000.

Book Value of Asset = 29,000.

Disposal/Consideration price = 25,000

Determining loss or gain on asset disposal.

Loss or gain = Disposal/Consideration price - Book Value of Asset.

Loss or gain = 29,000 - 32,000.

Loss on sale was = 4,000.

8 0

3 years ago

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it

3241004551 [841]

Answer: (B). raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.

Explanation: When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.

8 0

3 years ago