Answer:
The correct answer is: relative scarcity.
Explanation:
Relative scarcity refers to the basic economic problem that our wants are unlimited while our resources -<em>land, labor, capital, and entrepreneurship</em>- are limited. As there is an imbalance between our wants and our resources, individuals must compare one good over the other to analyze what is the advantage of acquiring one over the other. The solution is a trade-off.
Answer:
The amount of interest revenue is $ 3,996.
Explanation:
The Lease receivable at December 31,2021 is =79,100-12,500=66,600
Acording to the details The X Interest rate is 12% and The X Fraction of year is 6/12.
Hence, the calculation of The Interest revenue in December 31,2021 is =
=66,600×12%×6/12= $ 3,996 is the amount of interest revenue from the lease should smith co report in its dec 31 2021 income statment
Answer:
$833
Explanation:
As per accrual basis of accounting, an income is recognized when it is earned and not when cash is received for it.
In the given case, customer purchased a service for 3 months.
The position as on 31st Dec is that only one third i.e 1 month of services out of 3 months has been provided and 2 months of services is due which is yet to be provided against the collective cash received.
Hence, the spa should recognize 2500/3 i.e <u>$833 </u>in revenue on it's December 31st, 2022 financial statements.
Answer:
<em>(1) Financial</em>
<em>(2) Environmental and</em>
<em>(3) Social factors</em>
Explanation:
A corporation should focus towards giving its best in the 3 respective areas of <em>Financial, Environmental and Social factors </em>as per <em>Elkington</em>.
<em>(1) </em><u><em>Financial factors</em></u>
A company should thrive towards achieving better profit, sales and reducing its debt over the period of time etc.
<em>(2) </em><u><em>Environmental factors</em></u>
A company should perform its operations in such a way that it doesn't impact the environment i.e. it doesn't cause material air, water and soil pollution and large deforestation etc.
<em>(3) </em><em><u>Social factors</u></em>
Adhering to the concept of <em>Corporate Social Responsibility (CSR)</em> is important, as it relates to taking care of the people. Giving charity and donations and proper and fair treatment of employees etc. are the areas which are looked upon in this.
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Answer:
Workers right
Explanation:
Samuel gompers was the first president of the American Federation of Labor that fought for workers rightin the work place. As a local and national labor leader, Gompers sought to build the labor movement into a force powerful enough to transform the economic, social and political status of America's workers. To secure the rights of labor to organize and engage in economic action, the AFL and its affiliates launched a far-reaching and ultimately successful campaign to elect union members and other labor-friendly candidates to political office.