The income statement for the year ended April 30, 20Y7 is $391,000.
Income statement
Up-in-the-Air Travel Service Income statement for the year ended April 30, 2017
Revenue:
Fees earned $1,870,000
Expenses:
Office expense $343,000
Miscellaneous expense $21,000
Wages expense $1,115,000
Total expenses $1,479,000
Net income $391,000
($1,870,000-$1,479,000)
Therefore the net income is $391,000.
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ARTICLES OF ASSOCIATION
Answer:
Articles of association form a document that specifies the regulations for a company's operations and defines the company's purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.
A point outside a society's production possibilities curve is one that is
Part 2
A.
unattainable given the resources of the society.
B.
technologically inefficient.
C.
undesirable given the implied underemployment of resources.
D.
desirable since it satisfies the desires of the population.
A point outside a society's production possibilities curve is one that is A. unattainable given the resources of the society.
What is a Production Possibilities Curve?
This refers to the economic model that shows the cost of a society's choice when faced with the choice of different goods.
Hence, given the graphical curve, it can be noted when there is a point outside the production possibilities curve of a given society, this means that the goods are unattainable given the resources of the society.
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can u solve this plsss
The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.
What is Financial Liberalization?This refers to the removal of regulatory control in the financial sector to promote economic growth.
The government of Japan faced an economic crash that threatened to cripple the economy due to stock market crash, failing banks, etc and there was the use of risk-based capital to try and prevent this, amongst other solutions.
Hence, we can see that the key aspects of the liberalization program were:
MergersAcquisitions.The key criticism of the program is that it failed to address the scale of the problem and the solution was only short-term.
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what role should foreign expansion play in Starbucks' strategy?
Answer:
There are three roles that should come into play: Subsidiaries, joint ventures, and licensing. The main role that should be used is joint ventures.
Answer:
Foreign expansion will ensure that global expansions don't dilute their culture, meaning they can lead the company similar to how a small-business is lead.
Which document needs to be submitted, along with reconciled cash, from each department to the main cashier’s office?
A.
deposit form
B.
deposit slip
C.
cash receipt
D.
cash invoice
E.
withdrawal form
Over which of the following factors affecting profits does a business have the most control:
Your answer:
Expenses
Economy
Chance
Demand
The factor that affecting profits to a business that have the most control is the expenses.
How expenses affect profit?The expenses play the major role to affect the profit of business organizations, as it is clear that if the firm incurred more expenses in various things that are not related to the business, then ultimately the profit level decreases, and vice-versa.
Therefore, option A is correct.
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Which of the following is a period during which aggregate output, as measured by real GDP, declines
A. System-wide economic disorder
B. Deflation
C. Stagflation
D. Recession
E. Inflation
Answer:
D. Recession
Explanation:
Aggregate output in an economy declines during a recession. This is because economic activities are declining. When such occurs GDP declines. This is different from stagflation in the sense that during a recession, only real GDP declines. However, in a stagflation, the fall in GDP also results to the increase in inflation. During recessions, economic activities are low so is price level.
Questions:
1. What can be done to encourage the sales force to engage in more cross-selling?
2.
Does the current FAM trip program serve as a motivational tool for the sales force? Justify your
response.
3. Discuss what is needed in terms of sales incentives and sales controls to achieve the objectives
of International Travel Agency
1. To encourage the sales force to engage in more cross-selling:
Give salespeople more attractive and rewarding incentives.Offer loyalty perks to customers.Identify the specific products for cross-selling.2. We can conclude that the current FAM trip program serves as a motivational tool for the sales force because a Familiarization trip gives the salespeople firsthand experience.
3. For the sales incentives and sales controls to achieve the objectives of the International Travel Agency, they must:
Be easy to operate and maintainUser-friendly for the sales and finance teamsProvide reasonable ROI measurement tools.What is cross-selling?Cross-selling is the marketing practice that encourages salespeople to market additional or related products or services to existing customers who are currently making some purchases.
Some of the advantages of cross-selling include:
Boosting sales revenueIncreasing customer satisfactionBuilding customer engagementCreating solid and lasting customer relationships.Thus, to encourage the sales force to engage in more cross-selling, offer:
Salespeople - more incentivesCustomers - loyalty perkEnsure the customers are not confused.Learn more about cross-selling at https://brainly.com/question/4978438
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You have been asked to study the effects of an employee-wide training program, in a company of 500 employees, designed to reduce the amount of customer complaints. Describe how you would carry out the study, including the variable or variables you would collect, how you would measure those variables, and what would indicate success.
The effects of an employee-wide training program, will be done to improve the employee performance via good training programs.
What is the research about?The research method will be a qualitative research. In the work, we are going to analyze and understand and see the theoretical aspect and models linked to employee development via training and development programs, and the influence on employee performance.
The study will give a background about good training effectiveness and how it leads to boasting the employee performance as well as others.
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Which of the following is not part of the OSHA training requirements for construction workers?
A. Employers must teach employees to recognize and avoid unsafe conditions.
B. Employers must train employees required to handle or use poisons to handle and use them safely.
C. Employers must teach employees required to handle or use flammable liquids how to safely handle and use them.
D. Employers must teach employees how to clock in and clock out for payment purposes.
Answer:
B.
Explanation:
most construction workers dont handle poisons
-transposition
-reversal of entries
-original entry
-omission
•Ethan records $1,000 as a rent expense; however, the actual rent paid was
$1,500.
•Ethan records stationery expenses as $251, but it should have been $215.
•Ethan records salaries of $5,000 as credits instead of debits.
•Ethan made a subtraction error while analyzing the profit on the sale of an
asset.
•Ethan completely overlooked stationery expenses of $115.
calculation
1000
Match each definition to each example.
Accounting error are errors committed in accounting, which are not intentional.
What is accounting error?These are unintentional errors committed in accounting, which are often corrected when spotted.
Matching each definition to each example is shown below:
Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500 Original entryEthan records stationery expenses as $251, but it should have been $215 TranspositionEthan records salaries of $5,000 as credits instead of debits. Reversal of entriesEthan made a subtraction error while analyzing the profit on the sale of an asset. CalculationEthan completely overlooked stationery expenses of $115. OmissionLearn more about accounting errors here : https://brainly.com/question/25671660
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list jobs that hire 14 years olds in harrisburg pa
Answer:
Macdonald'sExplanation:
Macdonald's hires 14-15 year old's after school and on weekends
Based on the Americans with Disabilities Act, organizations may be deemed discriminatory to those with disabilities if they
According to the Americans with Disabilities Act organizations may be deemed discriminatory to those with disabilities if they are biased with employment.
What are the Americans with Disabilities Act?ADA for short is an act that protects the rights of persons living with disability in America, especially in Transportation, communication, employment, and access to government services.
The purpose of this act is to make everyone inclusive in all areas of society.
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Which of the following is true about goods and services?
Forecast the 2019 Cost of goods sold on the previous year’s number and the assumptions. 2018 Actual 2019 Estimate Sales Growth 6% 8% Gross Margin 40% 40% Revenues 50,000 Cost of Goods Sold 30,000
Answer:
hi
Explanation:
One's personality is shaped by a combination of nature (genetic) and nurture (environmental) influences. Recent studies conducted among birds have demonstrated that environment plays a bigger role in forming personality than genetics, but obviously there are differences when translating these results to humans.
The Cost of Goods Sold for 2019 is forecasted to be $30,600.
What is Cost of Goods sold?This refers to total amount that a firm paid as a cost directly related to the sale of products.
The Sales Growth between the years 2018 and 2019 is 2% (8%-6%).
Because the 2018 Cost of Goods Sold equals $30,000, then, it will be adjusted according to the sales growth recorded in the subservience year.
Cost of Goods Sold (2019) = $30,000 *(1+0.02)
Cost of Goods Sold (2019) = $30,000 *1.02
Cost of Goods Sold (2019) = $30,600
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If you had to formulate some goals for cash buil,what would they be
Answer:
I would want them to be a reasonable price. I would also want them to be a reasonable goal.
Explanation:
I would want them to be a reasonable or average goal.
Question 6 of 20
A product with a high level of elasticity of demand has which feature?
A. Demand for the product consistently falls over time.
B. Demand for the product rises and falls depending on
circumstances.
C. Demand for the prodt consistently rises over time.
D. Demand for the product is limited to a very small group of
A product with a high level of elasticity of demand has the feature of the B. Demand for the product rises and falls depending on circumstances.
What is Elasticity of Demand?This refers to the extent to which there is a price change that causes a product to have a change in demand.
Hence, we can see that when there is a high elasticity of demand, it is usually because there is a variable change in the quantity demanded in relation to its price and this means that B. Demand for the product rises and falls depending on circumstances.
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The supply and demand curve is a tool used by entrepreneurs.
True or false
Answer:
TRUE
Explanation:
A one-year insurance policy was purchased on June 1 for $1,920. Journalize the adjusting entry required on December 31. If an amount box does not require an entry, leave it blank.
Dec. 31
- Select - - Select -
- Select - - Select -
The adjusting entry will be $1120 for the insurance expense. The insurance expense will be debited while the prepaid balance is credited.
How to calculate the insurance expense?From the information given the insurance expense will be;
= $1920 × 7/12
= $1120
The prepaid balance will also be $1120. Therefore, the adjusting entries will be to debit and credit the amount of $1120.
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Customers who purchase an item on account usually do so with a
—
Customers who purchase an item on account usually do so with a credit or debit card or a financial program.
What is a credit card?A credit card is a payment card that allows the cardholder to borrow money up to a certain limit in order to make purchases or withdraw cash. The borrower is then required to pay back the borrowed amount, along with interest, at a later date. Credit cards also typically offer rewards or cash back for purchases made with the card.
Therefore, a customer who purchased an item on account usually do so with a credit, or debit card or any other financial program.
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What is an example of a price floor
Answer:
Minimum Wage
Explanation:
A price floor simply tells us the minimum price a commodity can be bought. A good example is the minimum wage. In this case, employers cannot pay employees lower than this amount.
Alpha Software Inc. made an advance rent payment of $6,000 for its warehouse. The accounting period for which the company paid the rent was from January to June 2014. The accountant recorded a rent payment of $1,000 in the month of January, 2014. Which accounting principle guides this action? A. accounting periodicity B. matching principle C. historical cost D. business entity
Based on the fact that the accountant recorded the rent payment for the month of January, the principle here is the B. matching principle.
What is the matching principle?The matching principle calls for apportioning expenses to the period they were incurred so that they can be matched with the revenue in that period.
The accountant recorded $1,000 for rent in January $1,000 would be apportioned per month based on the total rent paid for 6 months.
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Whats is the purpose of strikerbreakers ?
Several coworkers of yours at the local swimming pool have been taking snacks from the snack bar without paying. This is an example of:
O property deviance.
O production deviance.
O personal aggression.
O political deviance
This is an example of property deviance. Thus the correct option is (B).
What is production deviance?Production deviance is conduct that formally transgresses the established organizational standards on the minimal standard of quantity and quality of work that must be completed in order to perform one's duties.
The coworkers are wasting the resources of the company and as well as polluting the swimming pool by eating snacks. This is an appropriate example of property deviance.
Thus the correct option is (B).
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Hugo Munsterberg is known as
Answer:
A Famous German Psychologist
Answer:
A physiologist.
Explanation:
"Hugo Münsterberg was a German-American psychologist" (Wikipedia.) I hope this helps! :)
18
Select the correct text in the passage.
Which phrases explain the smart Investment made by Lu Shing and her husband?
Lu Shing is a teacher in a primary school, while her husband works in a huge bookstore. They have two kids and are concerned about their
future. Lu's husband has Invested in a few blue chip stocks listed on the NASDAQ stock exchange and earns good profits from them. Lu, on the
other hand, has invested in some safe Security bonds and fixed return annultles. They also receive monthly rent from an old penthouse in the
suburbs. Lu is also taking up violin lessons so that she can teach violin to students in her free time and pursue her passion. Her husband is a
semi-professional lawn tennis player.
Reset
Next.
The phrases that explain the smart Investment made by Lu Shing and her husband are:
"smart""sensible""low-risk"This refers to the buying of stocks or other property in hopes that it would appreciate in value over a period of time.
Hence, we can see that based on the smart investment made by the family of Lu Shing who both have stable jobs and bought stocks that are low-risk, the correct phrases to describe them are listed above.
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Answer:
Invested in a few blue chip stocks, and has invested in some safe security bonds and fixed return annuities
Explanation:
Receiving a fixed income from an investment is a great method.
What can a producer gain by specializing?
Answer:
Absolute advantage.
Explanation:
A producer are gain an absolute advantage from specializing.
[Correct Me If I'm Not Correct]
"Keep Safe"
"Hope's It's Help"
Answer:
Absolute advantage.
Explanation:
A producer are gain an absolute advantage from specializing.
[Correct Me If I'm Not Correct]
Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts ______ at the end of the accounting period.
Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.
What are adjusting entries?Adjusting entries are the end-of-the-year entries made to ensure that the income statement and balance sheet present the correct, up-to-date numbers.
Some of the adjusting entries include:
Accrued revenuesAccrued expensesDeferred revenuesPrepaid expensesDepreciation expenses.Thus, Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.
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1. What industry forces might cause a propitious niche to disappear?
If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.
A key difference between an IRA and keogh plan is:
a) you may withdraw your money early from a keogh plan without penalty, but not from an IRA
b) you may contribute more to a keogh plan than to an IRA
c) self-employed individuals may open an IRA, but not a keogh
A key difference between an IRA and a Keogh plan is you may contribute more to a Keogh account than to an IRA.
What is a Keogh account?An account, the facility of which is granted to self-employed professionals who are involved in sole proprietorship and partnership businesses for the purpose of retirement plans and benefits is known as a Keogh Account.
An IRA, on the other hand, is a facility provided to employed individuals or professionals for the better management of their retirement plans and benefits.
Hence, option B holds true regarding a Keogh Account.
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