Answer:
net income is $ 14,160.00
Explanation:
The income statement from which the net income for the year is derived is shown below:
Grouper Corp. Income Statement as at 31 December ,2022.
Service revenue $36,100
salaries and wages expense $13,800
insurance expense $1,790
rent expense $4,010
supplies expense $1,490
depreciation expense $850
Total expenses ($ 21,940)
Net income $ 14,160
ending retained earnings =$ 14,160.00+$16,300.00-$5,800.00=$24,660.00
Answer: B) Organizing
Explanation: Organizing in a business aspect means making preparations for an activity or an event. It involves delegating authority, grouping duties into different sections, assigning duties, and assigning resources to various parts of the organization. Sally Mitchell is engaging in all these aspects in the case study.
Other definitions that don't apply here are explained below.
A) Planning - INCORRECT. Planning is the first step towards creating an event or activity. It is the process of brainstorming and thinking about what is needed to achieve a goal.
C) Scrutinizing - INCORRECT. Scrutinizing means thoroughly evaluating or inspecting something.
D) Controlling - INCORRECT. This is a function done by management that involves comparing set standards to actual standards to confirm that tasks have been performed in accordance with the plans set.
E) Envisioning - INCORRECT. This means to visualize a possibility that can occur in the future.
The answer that best fits the blank provided above is the term AGENTS. Agents are different from merchant wholesalers in terms of possession of the goods. What agents do is the facilitation of the process of the distribution of goods and they do not have any goods on hand.
Answer:
B. pay secrecy
Explanation:
Pay secrecy is the policy of the workplace that restricts the employees from discussing to the members about the amount of money they earn. At times such policies are mentioned in the handbooks of the employee and at other, the managers ask the employees not to disclose things related to their salaries.
The answer is<u> "Claim will be paid and coverage will remain in force</u>".
After a policy has been in force for 2 (some of the time 3) years, it enters the incontestable period, in which the insurer may not deny a claim in view of data not uncovered at the time of application.
An Occurrence policy shields you from any secured episode that "happens" amid the policy time frame, paying little heed to when a claim is documented.