"Gross pay"
Gross pay is <em>before </em>taxes and withholdings, net pay (aka take-home pay) is what is left over <em>after </em>taxes/etc are taken out.
Answer:
Option (d) is correct.
Explanation:
Given that,
Average variable cost = $0.30 for each donut
Fixed cost: Cost of rent and machinery = $20,000
If the number of donuts produced and sold in one year is 36,500, then
Average fixed cost:
= Total fixed cost ÷ Number of units sold
= $20,000 ÷ 36,500
= $0.547 or $0.55
Therefore, the average fixed costs be $0.55 if she sells 36,500 donuts in one year.
Answer:
The correct answer is option d.
Explanation:
Comparative advantage refers to the situation where an individual, firm or nation can produce a good at a relatively lower cost than its competitors.
Luke can bake bread at a relatively lower opportunity cost while Jason can produce paintings at a relatively lower opportunity cost.
This implies that Luke has a comparative advantage in baking bread and Jason has a comparative advantage in making paintings.
Luke specializes in baking bread and Jason specializes in making paintings.
Answer:
The correct answer is: This organization uses a layered approach that creates a separation of duties.
Explanation:
The Three Lines of Defense model is an approach used to divide the duties of the financial department of an organization aiming to improve risk management and control. The first line of defense involves management and control measures. The second line includes financial control, security, quality, inspection, and compliance. The first and second lines of defense are in charge of <em>senior managers</em> of the entity.
The third line of defense involves the internal audits of the company and is in charge of the <em>Board of Directors</em> (BoD).
The answer C because it is minimal pair
