This Statement is True. Leading indicators are events that have been found to occur before changes in business activities.
Business is the practice of earning a living or making money by manufacturing, purchasing, and selling items (such as goods and services). It is also "any profit-making activity or enterprise."
Having a business name does not detach the owner from the business entity, which means the owner is responsible and liable for the business's debts. Creditors may seize the owner's personal belongings if the company incurs debts. In a business structure, corporate tax rates are not permissible. All business income is taxed directly to the proprietor.
The phrase is also frequently used informally (though not by lawyers or public authorities) to refer to a business or cooperative.
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Answer:
$20,600
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of the asset.
Depreciation is a non-cash item in the income statement as the actual cash spent for the purchase of the asset would have been capitalized in the balance sheet.
Hence the total cash disbursements budgeted for operating expenses for the month of January would not include depreciation.
Total cash disbursements budgeted for operating expenses for the month of January
= $15,000 + $12,000 + (4% × $90,000)
= $15,000 + $12,000 + $3,600
= $20,600
Answer:
1. Point on x-axis will increase and so will the point on the y-axis
2. All of the above
Explanation:
1. The Production Possibilities Frontier shows the amount of resources needed to produce different quantities of two goods. It therefore allows one to see the trade-off in resources for producing more of one good vs the other.
When a factor of production leads to more efficiency in the production of a good, the frontier will increase. In this scenario, there has been a growth in technology which means that more of both goods can be produced. This will increase the PPF on both axis. (Refer to attached file).
2. All of the listed options have led to increases in the standard of living in the last century. More education means people can get better jobs and build more infrastructure. International trade has increased market access and increased wealth. Farm productivity is better so more people can be fed and improvement in technology is the main driver for growth.
Answer:
Exclusive, selective, intensive
Explanation:
When a company markets its products it needs to choose carefully how it will distribute its products most effectively.
There is need for consideration of the cost and benefit associated with a level of distribution intensity because each one has associated cost like number of salespeople to drive the process.
There are 3 levels of intensity for distributing products
- Intensive or mass coverage is when products are distributed widely in all locations where product is sold. It is ideal for low priced goods that have a high demand.
- Selective coverage is when sales are limited to locations where clients are most concentrated.
- Exclusive coverage is for higher end products targeted at a narrow market.
