<span>A department within an organization that focuses on generating profits is called a <u>profit center.</u> This is pretty self-explanatory: a profit center is there to generate profit for a company or an organization. Cost center deals with paying bills and such, revenue center gains revenue, and sales center deals with sales.</span>
Answer:
The answer is stated below:
Explanation:
Note: Here the questions is missing, that is
Which of the following will be a micro economic topic?
Microeconomics is the study which dealt with the knowledge of how the people take decisions at the small scale. It does not consider the economy as a whole.
So, the topic which are related to micr- economic are:
Determine the affects of the war on Iraq on the steel price. This dealt with the affects of war in Iraq, focusing on a single country.
Determine what will happen in the market for the oranges when they are freeze, this also dealt with the market of oranges, not the economy as a whole.
So, both the topics are dealt or related with the micro - economic.
Answer:
Explanation:
The journal entry is shown below:
Petty cash A/c $200
To Cash A/c $200
(Being the petty cash fund is established)
Simply we debited the petty cash account and credited the cash account so that the correct posting can be done with the correct item and the correct value.
All other information which is given is not relevant. Hence, ignored it
Answer:
The correct answer is (A)
Explanation:
Soft drink manufacturing industry faces a high threat of substitutes. Not many soft drink brand exit the market but many new companies and brand enter. Similarly, that is the reason why prices of soft drink do not fluctuate as compare to other food items. The competitive environment in the soft drink industry creates a high threat of substitutes.
300
Divide 3600 by 100= 36
divide 36 by 12= 3
multiply 3 by 100=300
