Answer:
Their net operating income for the year was $39,628
Explanation:
Flip or Flop's net operating income for the year = Gross revenue - Cost of Goods Sold - Operating expenses
Their Cost of Goods Sold (COGS) was 21% of gross revenue, therefore:
Cost of Goods Sold = 21% x $93,200 = $19,572
The company has operating expenses for this same period of $34,000.
Net operating income for the year = $93,200 - $19,572 - $34,000 = $39,628
Due to a recession, Lauren was laid off by her organization. To avoid having Lauren and other laid-off workers stop spending money and thus deepen the recession, <u>Unemployment Insurance</u> will help them maintain some income.
<h3>What is unemployment insurance? </h3>
Unemployment insurance (UI), also called unemployment benefits, is a type of state-provided insurance that pays money to individuals on a weekly basis when they lose their job and meet certain eligibility requirements.
Why in this situation, unemployment insurance will help them maintain some income?
This type of insurance, will cover people who lose their job but mainly it's not because employees's fault. One of the requirement is that these people lose their job because the condition at the market or recession in the whole country. While these people get laid off, so mostly it happens without any prior notice, they need help to cover their living expense. There, the unemployment insurance will help to cover their expenses while they are looking for a new job.
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The audience, and how willing they will be to comply with what is being asked. If they are not likely to be receptive, it would be better to use an indirect approach to warm them up to the idea first.
Answer: Please the terms do not match the definitions.
Please see below for the appropriate terms which match the given definitions.
Explanation:
A document that creates a legal obligation to buy and pay for goods or services ----Purchase order
A purchase order is defined as a contract or agreement between a buyer( buisness or company) and a seller who is usually a vendor to supply goods or services based on aggrement on the specific product or services, specific quantity for a specific price to be paid by the buyer when delivered .
b)The method used to maintain the cash balance in the petty cash account----- Imprest Fund
An imprest Fund is also known as Petty Cash fund which carries a fixed amount used by Buisnesyses to cover small routine expenses and are replaced or replenished to always maintain the fixed amount.
There are different kinds of distribution channels. The True statements about the Selection of Distribution Channels are:
- Product price has no effect on the length of a distribution channel.
- The geographic location of customers does not require different distribution channels
The channel of distribution are classified based on:
- The Nature of the Product
- The Nature of the market
- The Nature of Middlemen
- The nature and size of the manufacturing etc.
The channel of distribution is also known as marketing channel. They are simply known as different types of interdependent organizations that are engaged in the process of making a product or service available for use or consumption.
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