The government is an consumer because they trade with other countries to get goods that their country need and they are also a producer because they produce strategies for their government to make our communities around the world more better and advanced.
Answer:
(a) Belief that a company will remain in operation for the foreseeable future.
Accounting assumption or principle: Going concern assumption
(b) Indicates that personal and business record-keeping should be separately maintained.
Accounting assumption or principle: Economic entity assumption
(c) Only those items that can be expressed in money are included in the accounting records.
Accounting assumption or principle: Monetary unit assumption
(d) Separates financial information into time periods for reporting purposes.
Accounting assumption or principle: Periodicity assumption
(e) Measurement basis used when a reliable estimate of fair value is not available.
Accounting assumption or principle: Historical cost principle
(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.
Accounting assumption or principle: Full disclosure principle
It is to be noted that when evaluating a manager's performance on financial measures there are some limitations. Hence, companies should consider measures nonfinancial to help evaluate manager performance.
Since Desktop Computer Company would like to calculate their cash conversion cycle, the factors included in computing this metric are:
- days' sales in accounts receivable
- days' sales in accounts payable (aka days payables outstanding)
- days' sales in inventory.
<h3>What is Performance evaluation?</h3>
A performance assessment, also known as a performance review, performance evaluation, development talk, or employee appraisal, is a periodic and systematic procedure that documents and evaluates an employee's work performance.
The significance of successful performance evaluations is that they enable managers to provide fair and actionable feedback to their direct subordinates. This may boost employee engagement by providing significant praise and encouragement, as well as creating clear avenues for employee progress that are based on responsibility.
Learn more about performance evaluation:
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Answer:
$2.45
Explanation:
Fixed cost = $9,800
Variable cost:
= Units sold × (cost of the ice cream and cone + franchise fee)
= 24000 × ($0.76 + $0.24)
= $24,000
So,
total cost = Fixed cost + Variable cost
= $9,800 + $24,000
= $33,800
Profit = $25,000
Now,
Sales = $58,800
Sales unit = 24,000
So,
Sales price per unit:
= $58,800 ÷ 24,000
= $2.45
Hence, the price one should charge for each ice cream cone to achieve a $25,000 profit for the three-month period is $2.45.
Answer:
Mary is relying on <u>referral marketing</u> to identify potential customers.
Explanation:
Referral marketing is a method of spontaneously promoting a businesses products and services to new customers by word of mouth. This can happen through a variety of channels such as email, mobile, and social media.
Referral programs are formal programs that exists in some organizations instituted by employers to encourage employees to refer candidates for jobs at the company.
Referral programs benefit both the employer and the current employees. In some cases, a bonus can be earned if a referred candidate is hired.
