The answer for this question is: Convergence
Convergence is a form of action that will transform a certain difference between two parties into one uniformity.
This step is really important so the accountant that operates all around the world will have the same standard to conduct in handling their financial operations.
Answer:
the answer is equity.
Explanation:
the social equity in resource allocation and distribution is the main concern of an command economy. The entire "command" function is there for this purpose. Opposing to the market system, in which the efficiency of the market is of primary concern, the command system argues that while following to achieve the maximum market effeciency, these economies miss out on the fainress and unbiasedness in economic benefit destribution and therefore creates many social problems such as poverty, rich and poor gap, etc as a result.
The command economy tries to overcome this problem of Equity in market economies.
Traditionally, small businesses tended to be concentrated in the retail or retailing industry.
The retail industry involves a business that sells good or services to a consumer. The sell these items based on the demand of the good or service. Even today, the retail industry is growing fast and still one of the main focuses of small businesses.
Yes if you actually try to become them
Answer:
The common size percentage for the cost of goods sold is 48.05%
Explanation:
The profit margin reflects a company's overall ability to turn income into profit, is calculated by formula:
Profit margin = Net income/Net sales
Delmont movers has a profit margin of 6.2 percent and net income of $48,900
Net sales of the company = Net income/Profit margin = $48,900/6.2% = $788,709.68
The cost of goods sold amounted to $379,000.
The common size percentage for the cost of goods sold = (The cost of goods sold/Net sales) x 100% = ($379,000/$788,709.68) x 100% = 48.05%
