It is known as the general ledger.
<u>Explanation:</u>
General ledger is a collection of all accounts with their activity and balances that exist in a business. It is a book of original entry that includes a chronological record of all transactions that have occurred within a business organisation or an entity.
The general ledger has two accounts which are the debit and the credit occurring on the right and the left side of the book. The balance of the general ledger is used to verify that the debit side is equal to the credit side of the book.
Answer:
A reduction of $12,500 in net operating income
Explanation:
The net operating income/loss is the difference between the sales and the total costs.
The change in the company's net operating income is the net of the increased commission and the total decrease in salaries. The commission is a variable cost that is dependent on the total number of units sold.
Hence the overall effect on the company's monthly net operating income of this change
= $46,000 - ($9 * 6500)
= ($12,500)
A global collaboration strategy is essential for the team’s achievement. In order to monitor individual and team activity this must include regular review and evaluation of effectiveness of the meetings, hold team celebrations for achieving outcomes, praise individual effort, design individual performance goals that emphasizes both results and teamwork and assign certain members to monitor task needs and others to monitor relationship needs. Team members is essential to distinguish that they must measure and monitor the team offers as well as the teams internal group dynamics and relationships because sometimes team members get so involved in the process of becoming a team they forget the purpose they were made a team in the first place.
Answer:
Efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse
Explanation:
Since the lighthouse is a public good, according to the coase theorem, if the combined willingness to pay for the lighthouse of all of the people living on the islands is higher than the cost of the lighthouse, then a lighthouse should be built.
The total willingness to pay is:
The population willingness to pay is higher than the cost of building one lighthouse ($2000) but lower than the cost of building two lighthouses ($4000). Therefore, efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse.
Answer:
cash income paid to a day laborer that is not reported to the tax authorities
Explanation:
GDP stands for Gross domestic product. It is the monetary value of all finished goods and services made within a country during a specific period.
It is calculated as GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
Hence, cash income paid to a day laborer that is not reported to the tax authorities will not be included in GDP
