Answer: The correct answer is "(A) Materiality.".
Explanation: The concept demonstrated is Materiality because by having a mechanism for preventing bad accounts through their strict requirements, they only recorded bad accounts when they actually existed, instead of making a provision.
Answer: 26.15
Explanation: The degree of operating leverage is calculated as the percentage change in operating income in relation to a percentage change in sales.
Thus the degree of operating leverage of Gateway inn is calculated thus:
DOL = Cont Margin/Operating income
DOL = 47/(4.6-3.3)
DOL = 47/1.3
DOL= 26.15
Answer:
marginal product of labor = 5 widgets per hour
Explanation:
In order to maximize profits, the firm must produce the output quantity where marginal revenue = marginal cost. In this case, the marginal revenue is $2, so the marginal cost must also be $2.
If hiring the last widget maker costs $10 per hour, and the marginal cost per widget is $2, then the worker must be able to produce 5 widgets.
The answer is prequalification. This is a process or
arranging with a mortgage lender in means of buying a home. It is an initial
step and an essential step of having to manage and organize the financial needs
that you need in order to buy a home.
Answer:
Contain information developed in preparing briefing papers, reports and studies
Explanation:
In simple words, records can be defined as the documents that keep information that is developed and scripted over time. The information can be originated through experiences, actions or research etc.
Records depict past information which is considered to be important and might be used in future for some reference. Thus, from the above we can conclude that the correct option is 1.
