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3 years ago

which factor in the business environment does be wiser need to address in order to stay abreast minimum wage

1 answer:

4 0

The economic factor in the business environment does need to be wiser addressed in order to stay abreast of minimum wage.

<h3>What is an economic factor?</h3>

In a business environment, economic factors are factors that influence the performance the buying habits of the consumers and business for B2C and B2B business respectively.

From an economic standpoint, these factors pose a risk to the well-being of a business environment. These factors include:

Supply and demand
Inflation
Interest rates
Unemployment etc.

To stay abreast of the minimum wage proposed by the government to pay the employers, the economic factor in the business environment does need to be wiser addressed.

Learn more about economic factors here:

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A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t

IRISSAK [1]

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

d. Cash for $180

Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.

6 0

3 years ago

Read 2 more answers

Yappy Company is considering a capital investment of $320,000 in additional equipment. The new equipment is expected to have a u

Eddi Din [679]

Answer:

a. 4.92 years

b. NPV = $26,770.20

c. 1.0837

d. IRR = 12.26%

e. 15.6%

the project should be accepted

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Payback period = Amount invested / cash flow = $320,000 / $65,000 = 4.92 years

Net present value is the present value of after tax cash flows from an investment less the amount invested.

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

NPV and IRR can be calculated using a financial calculator

Cash flow in year 0 = $-320,000

Cash flow each year from year 1 to 8 = $65,000

I = 10%

NPV = $26,770.20

IRR = 12.26%

profitability index = 1 + (NPV / Initial investment) = 1 + ($26,770.20 / $320,000 ) = 1.0837

The project should be accepted because the NPV and profitability index are positive. the IRR is greater than the discount rate. this means that the project is profitable. Accounting rate of return = Average net income / Average book value

Average book value = (cost of equipment - salvage value) / 2 = $320,000 / 2 = $160,000

$25,000 / $160,000 = 0.156 = 15.6%

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

7 0

3 years ago

There are five basic steps to personal financial planning and their related tasks. Arrange these steps and examples of related t

svp [43]

Answer:

B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.

D. Define your financial goals. Pay off credit card(s) by the end of this school term.

A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.

E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.

C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.

Explanation:

The five basic steps of financial planning are evaluate, define, develop, implement, and review, or EDDIR for short. It basically by knowing your current position and defining how you want to be in the future. Then you must develop a plan and try to implement that plan. After some prudent time, you should go back and review if the plan was successful or not.

5 0

4 years ago

During a two-month period Lladro Comercial, S.A., the manufacturer of handcrafted porcelains, donated ten percent of its retail

lakkis [162]

According to the pyramid of corporate social responsibility, it was acting at the philanthropic responsibilities level.

<h3 /><h3>What is social responsibility?</h3>

Social responsibility is the responsibility of every individual to work for the welfare of the society, it is the help from the individual. The help can be of anyway like donate money, free volunteering in any occasion, explaining the importance of things to the people.

Thus, it is philanthropic responsibilities level.

For more details about Social responsibility, click here:

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3 0

2 years ago

What is the future outlook of this career/job? will it still be available 5-10 years from now? for a nurse?

o-na [289]

Its will be there for 5-10 years

4 0

3 years ago