All categories

3 years ago

Write any five different between of profession and professional education.

Business

1 answer:

Kaylis [27]3 years ago

5 0

Answer:

Profession is a field or work of life,which you choose in order to become a professional of that field. For example, Teaching is a profession and am a teacher which makes me a professional of that

You might be interested in

What makes someone wealthy

murzikaleks [220]

Answer:

money and power

but lots of money

8 0

3 years ago

When the government imposes a binding price ceiling on a competitive market, a surplus of the good arises, and sellers must rati

saveliy_v [14]

Answer:

False

Explanation:

The competitive market works completely on the force of demand and supply. In this market there is no other restrictions or perks from any third party.

With this the prices of any commodity depends upon the free flow of market.

When the government imposes any restriction on price ceiling, in the competitive market then the shortage of goods arise, as because no individual supplier generally, gets ready to supply the goods at such binding price, which generally, leads to inflation, which is not practical as government has binding price ceiling.

Thus, the statement is false.

6 0

4 years ago

The more information an entrepreneur acquires during the process of _____, the higher the chance that his or her predictions wil

Mashutka [201]

The more information an entrepreneur acquires during the process of feasibility analysis, the higher the chance that his or her predictions will be close to the mark, risk will be reduced, and uncertainty managed.

<h3><u>Explanation:</u></h3>

The study or examination about the extent to which the proposed idea will be practical and can be achieved at an economic manner refers to the feasibility study. In business it is very essential to decide whether to take up a project or not. It also helps in narrowing the project and plan accordingly.

It also helps in making predictions about whether the expected results can be attained from a particular idea or a project. Thus during the feasibility study the entrepreneur must obtain as much information as possible as it helps him in the evaluation of risks, uncertainties and other related things.

7 0

3 years ago

On March 1, it was discovered that the following errors took place in journalizing and posting transactions: a. Rent Expense of

Mumz [18]

Answer:

Rent expenbse 4,650 debit

Miscellaneous expense 4,650 credit

--to reverse the mistaken entry--

Rent expense 4,650 debit

Cash 4,650 credit

--to record the correct entry--

Account Pyable 3,700 debit

Accounts Receivables 3,700 credit

--to ammend mistaken entry--

Explanation:

We have two approachs to solve for accoutning mistakes, the first is to reverse the incorrect entry and then record the entry in a proper manner.

(like on A)

The second method is to do adjustment to fix it like on b

the mistake was to use accounts payable therefore, we write-off that and credit the correct account which is accoutns receivables

5 0

3 years ago

For each of the three independent situations below determine the amount of the annual lease payments. Each describes a finance l

MrMuchimi

Answer:

a. The annual lease payment for Situation 1 is $12,774.47.

b. The annual lease payment for Situation 2 is $71,486.40.

c. The annual lease payment for Situation 3 is $57,412.37.

Explanation:

The annual lease payments can be calculated using the formula for calculating loan amortization as follows:

P = (A * (r * (1 + r)^n)) / (((1+r)^n) - 1) .................................... (1)

Where,

<u>For Situation 1</u>

P = Annual lease payments = ?

A = Fair value of leased asset = $62,000

r = interest rate = Lessor’s rate of return = 10%, or 0.01

n = Number of years of lease term = 5

Substituting all the figures into equation (1), we have:

P = ($62,000 * (0.01 * (1 + 0.01)^5)) / (((1+0.01)^5) - 1)

P = $12,774.47

Therefore, the annual lease payment for Situation 1 is $12,774.47.

<u>For Situation 2</u>

P = Annual lease payments = ?

A = Fair value of leased asset = $421,000

r = interest rate = Lessor’s rate of return = 11%, or 0.11

n = Number of years of lease term = 10

Substituting all the figures into equation (1), we have:

P = ($421,000 * (0.11 * (1 + 0.11)^10)) / (((1 + 0.11)^10) - 1)

P = $71,486.40

Therefore, the annual lease payment for Situation 2 is $71,486.40.

<u>For Situation 3</u>

P = Annual lease payments = ?

A = Fair value of leased asset = $186,000

r = interest rate = Lessor’s rate of return = 9%, or 0.09

n = Number of years of lease term = 4

Substituting all the figures into equation (1), we have:

P = ($186,000 * (0.09 * (1 + 0.09)^4)) / (((1 + 0.09)^4) - 1)

P = $57,412.37

Therefore, the annual lease payment for Situation 3 is $57,412.37.

6 0

3 years ago

Write any five different between of profession and professional education.​

Write any five different between of profession and professional education.