All categories

3 years ago

"Financial resources are the lifeblood of any office." Justify this statement.

Business

2 answers:

Leona [35]3 years ago

7 0

Answer:

This phrase states that financial resources are very important in any company, it represents "the lifeblood". In order to grow, any company needs financial support. The lack of money leads to problems within the company.

dedylja [7]3 years ago

5 0

Answer:

Without financial stability, and office can not function properly.

Explanation:

Ex:

unpaid light bill = dysfunctional office

You might be interested in

Barry and his wife mary have accumulated over $4 million during their 45 years of marriage. they have three children and five gr

jolli1 [7]

Answer:

Explanation:

You just add them together

6 0

3 years ago

Assume the following: The real risk-free rate, r*, is expected to remain constant at 3%. Inflation is expected to be 3% next yea

DaniilM [7]

Answer:

This problem assumed a zero maturity risk premium, but that is probably not valid in the real world.

Explanation:

Consider the following definition

Maturity risk premium determines a bond’s price. Other risks include the chance that the bond issuer will fail to make its payments and the risk that you won’t be able to quickly find a buyer for the bond when you want to sell it, forcing you to lower your asking price.

7 0

3 years ago

Item 13 assume markup percentage equals desired profit divided by total costs. what is the correct calculation to determine the

xz_007 [3.2K]

The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.

Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.

Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.

Learn more about Total cost here brainly.com/question/14332852

#SPJ4

8 0

2 years ago

SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon in dill

Ivanshal [37]

Answer:

1. 2,040 Hours

2. $27,540

3. 460 U

4.Labor rate variance = 1,000 U , Labor efficiency variance = 540 F

Explanation:

1. Standard labor hour allowed = (5,100 * 0.40) = 2,040 Hours

2. Standard labor cost = (2,040 * $13.50) = $27,540

3. Labor spending variance = (Standard cost - actual cost)

Labor spending variance = (27,540 - 28,000)

Labor spending variance = 460 U

4. Labor rate variance = (Standard rate - Actual rate) * Actual hours

Labor rate variance = ($13.50 - $14) * 2000

Labor rate variance = 0.50 * 2,000 U

Labor rate variance = 1,000 U

Labor efficiency variance = (Standard hour - Actual hour) * Standard rate

Labor efficiency variance= (2,040 - 2,000) * $13.50

Labor efficiency variance = 40 * 13.50 F

Labor efficiency variance = 540 F

3 0

3 years ago

Cheyenne Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $17

katen-ka-za [31]

Answer:

a. Bad Debt Expense 5100 Allowance for Doubtful Accounts 5100

Explanation:

The adjusting entry is shown below:

Bad debt expense $5,100

To Allowance for doubtful debts $5,100

(Being the bad debt expense is recorded)

The computation is shown below:

= Account receivable × estimated percentage - credit balance of allowance for doubtful debts

= $170,000 × 5% - $3,400

= $8,500 - $3,400

= $5,100

In order to recording this transaction, we debited the bad debt expense as it increases the expenses account whereas at the same time it reduces the account receivable therefore the allowance for doubtful debts is credited

7 0

3 years ago

"Financial resources are the lifeblood of any office." Justify this statement.​

"Financial resources are the lifeblood of any office." Justify this statement.