Answer:
Net income for the year = $257,000
Explanation:
Retained earnings for the year= Net income - dividends paid.
Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of $2,499,000.
therefore retained earnings for the year = ending retained earnings balance - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.
Net income for the year is thus = $257,000 since no dividends were paid.
Each type of employment has been matched with its definition thus:
- Frictional unemployment: Unemployment associated with workers who are between jobs
- Cyclical unemployment: Unemployment resulting from mismatches between employer needs and employee skills.
- Structural unemployment: Unemployment associated with the highs and lows of the business cycle.
There are different causes of employment. Frictional unemployment is the timeframe between the period an individual lost his job and seeks another.
Structural unemployment is a result of inconsistencies in the labor market.
Cyclical unemployment occurs when the demand from the employee is not met with the skills of the employer.
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Answer:
AdCreate billed Anchor Motors $529,412 for the third quarter in 2010
Explanation:
The advertizing company usually takes a 15% commision
Which means from the total amount billed to customer 15% ar commision which means:
money paid to media + 15% comission of the billed amount= total amount billed
450,000 + 0.15X = X
Now, we try to solve for X and get the amount billed to anchor motors.
X = 450,000/.85 =<em> 529.411,76</em>
Improved hotel management effectiveness is one reason that a hotel owner might consider hiring a hotel management company.
What function does a hotel management business serve?
- The management firm oversees the hotel operations and makes sure they are profitable.
- They are in charge of every aspect of the business, from hiring and training employees to procuring supplies, cleaning rooms, renting out meeting space, and entertaining visitors.
- The General Manager is accountable to both the hotel management business AND the original owner who engaged the hotel management firm.
- The general manager's job is to manage the hotel in a way that generates income for the owner.
- To be clear, the hotel owner could be a person, a business, or a trust fund or real estate. These will change based on the market and the kind of hotel.
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