Advertising agencies provide businesses with copywriters, artists, production coordinators, media experts, researchers, and other highly skilled specialists
<h3>What is
Advertising agencies?</h3>
An advertising agency, also known as a creative agency or an ad agency, is a company that creates, plans, and manages advertising and other forms of promotion and marketing for its clients.
Some businesses rely solely on their in-house advertising agencies for all of their advertising needs. Others rely on both their internal and external agencies. Other companies permit their agencies to take on outside work. Specialized Agencies: There are numerous agencies that only handle specialized advertising jobs.
Advertisements can increase a company's familiarity and trust with its customers. If a potential customer sees multiple advertisements for your product, they may regard you as a reliable brand. You can also use advertising to address any concerns, which helps to build trust between your company and its customers.
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Answer:
C. $21,000
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.
The next best option for the sole proprietor took is to work at the large firm. Thus her opportunity cost is $35,000.
If the capital wasn't used in setting up the business, it would have earned $22,000. This amount is its opportunity cost.
Total opportunity cost = $22,000 + $35,000 =$57,000
Accounting profit = $78,000 - $57,000 = $21,000
I hope my answer helps you
Answer:
b The accrual basis records revenues when services or products are delivered and records expenses when incurred; AND -
d. The cash bases records revenues when cash is received and records expenses when cash is paid
Explanation:
Accrual basis of accounting states that transactions are recorded based on when they are entered into, irrespective of the cash exchange done or not. Revenues are recognised when buyer's liability to pay has been established, expenses are recorded when our liability to pay has been established. Debtors & Creditors, outstanding & prepaid expenses, accrued & prepaid income are all implications of this basis.
Cash basis of Accounting states that transactions are recorded based on when cash exchange has occurred. 'Liability to pay' or 'obligation to receive' have no relevance in this, it is only evaluated on the basis of cash transactions. 4 implications given in accrual basis are also inapplicable here.
Accrual basis is the more generally accepted one than cash basis, as it gives a true picture of enterprise performance in an accounting period.
Answer:
The correct answer is letter "C": more liquid assets.
Explanation:
Property and casualty insurance covers insureds in front of damages to a property structure or the belongings inside it in accidental situations, vandalism or burglaries. Life insurances are purchased so a benefit can be provided to the policy holder's beneficiary in case of his or her decease.
Property and casualty insurances are said to hold <em>liquid assets</em> since they deal with the coverage of tangible objects that can be easily converted in cash. Though, life insurance does not deal with materials. It only provides monetary or valuable benefits after the pass away of the insured.
Answer:
The correct answer is could be over- utilized, but for temporarily
Explanation:
Economy resources are those resources or the factors which are used while producing the goods and the services. It could be divided or classified among human resource like management and labor and the non- human resources like technology, land and capital goods.
So, the economy resources could be over- utilized, but for temporarily through adding the shifts as well as running the equipment for longer but the machines could break down and the labor tires, therefore the over utilization cannot be sustained.