Answer:
B) economic performance
Explanation:
The triple bottom line approach (TBL) refers to an accounting framework with three pillars:
- financial profit
- social responsibility
- stewardship of the environment
The three pillars are part of a broader scope of business values and corporate responsibility.
Answer:
The correct answer is letter "C": the firm is at the bottom of its short run average cost curve.
Explanation:
Competitive firms are companies that accept the equilibrium price of a given good or service within a market. If they try to raise the price, they will not be able to sell their products. It is said that <em>in the long term a competitive firm is at the bottom of its short-run average cost curve because it portraits the most efficient level of production</em>. That curve shows the optimal least-cost input combination for producing output.
<h3>Item 1:</h3>
Debit : Merchandise $13,888.
Credit : Accounts Payable $13,888.
<h3>Item 2:</h3>
Debit : Merchandise $560.
Credit : Accounts Payable $560.
<h3>Item 3:</h3>
Debit : Accounts Receivable $17,098.
Debit : Cost of Sales $11,536.
Credit : Sales Revenue $17,098.
Credit : Merchandise $11,536.
<h3>What is meant by inventory system?</h3>
- A supply chain's full stock, supplies, and sales are tracked using an inventory system.
- Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.
<h3>What is inventory system with example?</h3>
- All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
- Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
- The car will be considered an asset.
<h3>What is inventory system and methods?</h3>
- The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.
- There are generally two types of inventory control manual and perpetual.
- You must routinely perform physical counts of inventory when using manual inventory control.
<h3>What is the purpose of inventory?</h3>
- Keeping a steady supply of goods on hand for activities is inventory's primary purpose.
- Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.
Learn more about inventory system here:
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The factor that affecting profits to a business that have the most control is the expenses.
<h3>How expenses affect profit?</h3>
The expenses play the major role to affect the profit of business organizations, as it is clear that if the firm incurred more expenses in various things that are not related to the business, then ultimately the profit level decreases, and vice-versa.
Therefore, option A is correct.
Learn more about the profit, refer to:
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Answer:
B. 200
Explanation:
At Break even point:
Total costs= Total revenue
In the given question
Total costs=Total variable costs+total fixed costs
=$1 *number of cards to be sold+$400
Total revenue=$3*number of cards to be sold
$1 *number of cards to be sold+$400=$3*number of cards to be sold
$3*number of cards to be sold-$1 *number of cards to be sold=$400
$2*number of cards to be sold-=$400
Number of units to be sold=$400/$2=200
So based on the above calculations, the answer shall be B. 200
