Net income = $24000.
What is Net income?In finance and business, net income (also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income less its costs of goods sold, expenses, depreciation and amortization, interest payments, and taxes for a given accounting period.
It is calculated as the sum of all revenues, profits, and losses during the period less all expenses, losses, and gains. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It's not the same as gross income, which solely deducts the cost of the things sold from revenue.
Net income is the (gross) income after taxes and other deductions for both households and individuals.
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when two negotiating parties are working toward the same goal and generally want the same outcome, there is no chance for conflict.
When two parties are working toward the same goal and generally seek the same conclusion, conflict is rare. Intragroup conflict arises when two or more groups disagree. Negotiation is a way for managing conflict successfully.
What negotiating means in business ?
Mediation is typically a negotiation procedure in which 'mutually agreed' upon third party is used to settle a dispute between negotiating parties in order to achieve a compatible agreement to resolve issues.
Each party in a negotiation attempts to persuade the other to agree with their point of view. Negotiations include some give and take, which implies that one party will always come out on top. The other, on the other hand, must concede—even if only nominally.
The negotiator's dilemma describes the decision a negotiator must make while engaging with another party to pursue a competitive or cooperative strategy.
Cooperation entails value-creating activities, which negotiators employ to reach a cooperative, win-win situation.
The fundamental purpose of contract negotiations is to obtain items and services that your company need.
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Word count : 128 words
unlike inflation where prices rise even if the economy is not slowing down, the situation when the economy is in fact slowing but prices are going up is called:
Not like inflation, where prices increase Stagflation is the state in which prices are increasing despite there being no evidence that the economy is slowing down.
what is stagflation?Stagflation, also known as recession-inflation, is a condition in which unemployment remains consistently high, the inflation rate is so high or rising, and the rate of economic growth slows. Given that steps taken to reduce inflation may make unemployment worse, it poses a conundrum for economic policy.
What transpires in stagflation?Stagflation is indeed the simultaneous occurrence of low growth, massive unemployment, and rising prices in an economy. Stagflation has repeatedly occurred in the developed world since the 1970s, defying economists' earlier belief that it was impossible. Policy responses to slow growth frequently make inflation worse, and vice versa.
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the sponsor, project manager and team can establish powerful relationships with key stakeholders. this starts with an understanding of what motivates each stakeholder, which can be summarized by the old saying
The sponsors, project manager, and the team can establish powerful relationships with key stakeholders. this starts with an understanding of what motivates each stakeholder, which can be summarized by the old saying What's in it for me?
Manner of the undertaking team speaking and running with stakeholders to satisfy their desires and dreams, while feasible, manage issues quickly, and encourage energetic stakeholder participation for the duration. the system of enticing stakeholders and coping with family members with them effectively. assumptions and constraints. several elements can contribute to building relationships amongst challenge team individuals.
The primary output of the identify Stakeholders procedure is the challenge communications plan. thirteen. contemporary assignment communications normally consist of both push techniques together with blogs, and pull techniques together with non-stop improvement is a Scrum method wherein the crew learns from enjoyment and stakeholder engagement to constantly hold the Prioritized Product Backlog up to date with any changes in requirements.
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during the current year, revitup, inc., an exercise video retailer, sold $24,000 of videos to its customers. revitup collected $22,000 and expects to receive the remaining $2,000 in january of the following year. revitup's income statement for the year ended december 31, of the current year, will report revenue of $
Even though the income statement for the year for Revitup Inc ends December 31, the revenue reported will be $24,000.
How is revenue recognized?Going by the accrual basis in accounting, revenue is recognized by a company in the period that it supplies the goods or services that the company is to be paid for.
This means that because Revita sold the videos in the current year, the revenue will be recognized in the current year regardless of when pay is received. The revenue is therefore the entire $24,000.
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Which of the following is an effective strategy for personal saving?
The statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account
What is personal saving?Personal saving can be defined as the ability of a person to save their money. Saving this money will enables them to have something to fall back to incase of unforeseen or unexpected circumstance.
The effective strategy for personal saving a person is expected to follow is for the person to save a percentage of each of their salary or paycheck and deposit the money directly into their savings account.
Therefore the statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account
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beautyful, a makeup company, assigns the packaging and labeling of its products to a firm that specializes in packaging and labeling other companies' products. which hrm practice is beautyful using in this scenario
The HRM practice that Beautyful is using in this scenario is outsourcing
What is Outsourcing?This refers to giving contract to a different person or specialist to perform tasks for you, usually at a much-reduced rate.
Hence, we can see that The HRM practice that Beautyful is using in this scenario is outsourcing and this is because they give their products to be labeled to another firm
This is because the first company does not do the packaging and labeling itself but gives the contract to another company
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Shares can be exerted forfeited:
a for- non Payment of call
money
b) for failure to attend meeting
c o for Payment of calls in advance
d. None of these.
Answer:
a for- non Payment of call
money
Explanation:
SHARES can be FORFEITED in a situation where a member or a shareholder of a company or an organization refused to pay his or her call money.
A member or a shareholder who is expected to pay his or her call money are often given some numbers of days by the company which will serve as a notice for such shareholder to make their payment in which if such shareholder refused to pay the call money within the stipulated time his or her shares will be been FORFEITED and in a situation where the shareholder shares is been FORFEITED that means such individual will no longer be a shareholder of the company or the organization.
Therefore Shares can be exerted forfeited FOR NON-PAYMENT OF CALL MONEY.
If you have an orientation where you read manuals and fill out paperwork, it is probably a _____.
a.
new hire orientation
b.
interactive orientation
c.
reorientation
d.
mentorship
Answer:
mentorship
Explanation:
Which of the following is an example of nonverbal communication?
shaking hands to greet a supervisor
writing an email to a coworker
talking on the telephone to a customer
listening to a presentation at a meeting
ILL GIVE BRAINLEST IF UR ANWSER IT RIGHT .....
Answer:
Option: writing an email to a coworker
Explanation:
Writing an email to a coworker is an example of nonverbal communication because there is no communication between people by speaking or listening. Writing an email to a coworker is a way of communicating with a person without listening to others converse or engage in one to one talk in person.
Answer:
B
Explanation:
when consumers examine products, they often compare an observed price to an internal price they remember. this is known as a(n)
In a situation where consumers examine products, they often compare an observed price to an internal price they remember. This process is known as a reference pricing. Therefore, the option B holds true.
What is the significance of a reference price?A reference price can be referred to or considered as the price that is known to the consumer related to a particular product due to the remembrance from the last time he or she purchased or saw that product. It is often comparable with the prevailing market prices of a product.
Therefore, the option B holds true and states regarding the significance of the reference price of a consumer.
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The missing choices to the incomplete question have been added below for better reference.
A) markup price
B) reference price
C) market-skimming price
D) accumulated price
E) target price
is a form of trading arrangement in which part or all of the payment for purchased goods or services is in the form of other goods and services.
A countertrade is a form of trading arrangement in which part or all of the payment for purchased goods or services is in the form of other goods and services.
Barter transactions can be among non-public events, among a non-public party and a sovereign state,' or between sovereign international locations." The countertrade transaction includes a parallel set of duties in which the parties ever undertake to sell items or era to the other in separate however related transactions.
The not unusual function of counter-change preparations is that export income to a particular market is made conditional upon undertakings to simply accept imports from that marketplace. for instance, an exporter can also promote machinery to USA X in a situation where he accepts agricultural merchandise from X for a fee.
A countertrade approach targets temporary corrections in a trending security fee motion to profit. The method involves buying/promoting security that has skilled an impulsive bearish/bullish flow within the hopes that a corrective move higher/decrease will permit them to sell/buy it back at that better/lower fee.
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24) In the U.s. economy, a few firms dominate the wireless telephone provider Industry. Whlch type of
market structure does this represent? (SSEMT36 DOK: 2)
oligopoly
B. monopoly
C. pure competitilon
D. monopolistic competitlon
Answer:
oligopoly
Explanation:
An oligopoly is a market structure comprising a few firms dominating a large market with many buyers. The few firms sell similar or differentiated products. Each of the firms commands a sizable market share and can influence the market. Apart from the few dominating firms, there could be other small sellers with a smaller market share operating in the market. Another example of an oligopoly market is the air travel business, where a few airline companies dominate the market.
Characteristics of oligopoly market include
Barriers to entry due to heavy capital requirements and market domination by a few firms.Each firm sets its priceheavy advertising to woe clientsCollaboration among the few dominating firmsas the pm, you are asking your team to perform a final review of the 10 subsidiary plans that describe how the project will be executed, monitored and controlled, and closed. what document are you asking your team to review?
The document are you are asking your team to review is known to be the project management plan.
What is a Project Management Plan?
The Project manager is known to be the one that makes the project management plan through the use of inputs from the project team as well as some key stakeholders.
Note that A Project management plan is seen as a kind of a formal, approved document that tends to tell more on the ways that the project is to be done, monitored, as well as to be controlled.
Therefore, it can be seen as the summary or a detailed text and may be made up of baselines, subsidiary management plans and others.
Hence, The document are you are asking your team to review is known to be the project management plan.
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mason is highly satisfied with his job. he receives consistently strong evaluations and volunteers to train new employees. mason exhibits positive job performance and
mason is highly satisfied with his job. he receives consistently strong evaluations and volunteers to train new employees. mason exhibits positive job performance and Organizational Citizenship Behaviors.
What is Organizational Citizenship Behaviors?
The term "organizational citizenship behavior" (OCB) describes people's actions that support efficient organizational performance. By creating a supportive social and psychological environment where task work can thrive, OCB achieves this efficacy.
Therefore,
mason is highly satisfied with his job. he receives consistently strong evaluations and volunteers to train new employees. mason exhibits positive job performance and Organizational Citizenship Behaviors.
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in each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. cash retained earnings cost of goods sold salaries and wages expense prepaid insurance inventory accounts receivable sales revenue notes payable accounts payable
An important component of financial statement includes the ssets, liability, stockholders' equity, revenue, or expense.
What is component of financial statement?An asset refers to the resource that a business owns or controls, a liability refers to the thing that a company owes such as a sum of money, a stockholders' equity refers to the amount that the owners of a company have invested in their business, the revenue means the amount of income generated by the sale of goods or services and the expense means the cost of operations that a company incurs to generate revenue.
Cash - AssetsRetained earnings - Stockholders' equityCost of goods sold - ExpensesSalaries and wages expense - Expenses Prepaid - LiabilityInsurance - ExpensesInventory - Asset Accounts receivable - Asset Sales revenue - RevenueNotes payable - LiabilityAccounts payable - LiabilityRead more about financial statement
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NAME 2 BENEFITS OF SETTING UP A FRANCHISE?
What do you mean by sustainable development? What is as relation with environment.
Answer:
The concept of sustainable development was described by the 1987 Bruntland Commission Report as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”
Explanation:
overfarming and overgrazing farmlands have been a major influence in which destructive process? a income distributionincome distribution b deforestationdeforestation c desertificationdesertification d increased farm productionincreased farm production e reforestation
Overfarming and overgrazing of farmlands have been a major influence in C) desertification.
Agricultural land is usually land committed to agriculture, the systematic and controlled use of other types of life—especially the rearing of cattle and production of crops—to supply meals for human beings. Its miles are usually synonymous with both farmland or cropland, in addition to pasture or rangeland.
Farmland offers food and cowl for the natural world, facilitates manage to flood, protects wetlands and watersheds, and maintains air fine. further, new energy crops grown on farmland have the ability to replace fossil fuels.
Farmland is land this is farmed, or that is appropriate for farming. it is surrounded by 62 acres of farmland.
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albert’s trip to canada. albert visits toronto and buys 1.74 canadian dollars (cad) for one british pound (gbp). when he returns home to the united kingdom, he converts cad1 into gbp0.59. is the new exchange rate favorable or unfavorable?
When he returns home, it is preferable to exchange his remaining Canadian dollars back into British pounds.
1.7400 £0.5747
Purchasing back pounds at (£/CAD) The reciprocal (CAD/£), which is equivalent
£0.5900 1.6949
0.5988 150.00 AUD 250.50 in values
Purchase Canadian currency at (CAD/£) Which is equivalent, the exchange rate (CAD/GBP)?
Aisha, an Australian lottery winner, resides in Melbourne. On Thursday, she wins $150 in an online lottery and wants to exchange the money for Australian dollars (AUD). How many AUDs did she receive and when was the AUD payment valued if the exchange rate is 0.5988 euros to one AUD? Assumptions (Euros/AUD) cross rate Euros awarded as the prize What is that in Australian dollars? (The sum in euros multiplied by the cross-rate)
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evan and rosa have two young children. evan has a full-time job as a truck driver, and rosa is currently applying for jobs. what insurance may be best for them right now?\
The greatest options for Evan and Rosa might be life insurance and unemployment insurance.
Most individuals have insurance of some type, whether it is for their life, their home, or their car. However, the majority of us rarely pause to consider what insurance is or how it functions.
In a nutshell, insurance is a contract, symbolized by a policy, under which a policyholder receives financial security or compensation from an insurance firm against losses. In order to make payments to the insured more manageable, the company pools the risks of its clients. Insurance policies are intended to protect against the possibility of monetary losses, large and little, that may be brought on by harm to the insured or their property or by liability for harm or injury given to a third party.
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in each of the following scenarios, select the appropriate scale of measurement. a meteorologist records the amount of monthly rainfall over the past year. multiple choice 1 nominal ordinal interval ratio a sociologist notes the birth year of 50 individuals. multiple choice 2 nominal ordinal interval ratio an investor monitors the daily stock price of bp following the 2010 oil disaster in the gulf of mexico. multiple choice 3 nominal ordinal interval ratio
A scale of measurement can be defined as a classification which is used to illustrate the attributes of the values that are assigned to variables associated with a data set.
The scales of measurement.Generally, there are four (4) basic scale of measurement for a variable and these include the following;
Interval scaleRatio scaleOrdinal scaleNominal scaleWhat is a ratio scale?A ratio scale can be defined as a quantitative scale of measurement where there is a true zero or origin characteristic. Also, there are equal intervals between neighboring data points on a ratio scale.
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Adrian is an investor. He reviews the income statement of a company and concludes that he will benefit from investing in it. What is the information that is provided in the income statement that most likely helped him make this decision?
A.
income statement showed the debts the company owes
B.
income statement showed the net profit of the company for a specific period
C.
income statement showed the assets of the company
D.
income statement showed the equity capital of the company
Answer:
B. income statement showed the net profit of the company for a specific period
Explanation:
The management prepares an income statement at the end of a financial year to show whether a business made a profit or loss. It lists all the revenue in the top section, the expenses in the middle, and profit or loss at the bottom.
The income statement communicates how much profits a business made during a specific financial period. Adrian was impressed by the profits that the company made that period.
Identify markets in which you act as a buyer/demander and markets in which you act as a seller/supplier
The market in which you act as a buyer/demander and markets in which you act as a seller/supplier are:
Buyer:
A. You purchase coffee in a coffee shop.
E. You're considering which job applicant to hire at your company.
Seller:
B. You consider which politician to vote for in an upcoming election
C. You seek employment in the industry for which you have trained
D. You've written a book and several publishers are interested in purchasing the rights to publish your work.
Who is a buyer and a seller?A buyer can be defined as someone that buys goods or purchased product from a seller.
On the other hand a seller can be defined as the person that sell goods or rendered goods and services to a buyer.
Therefore buyer is options A, E and Seller is options B, C, D.
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The complete question is:
Identify markets in which you act as a buyer/demander and markets in which you act as a seller/supplier.
Buyer/demander Seller/supplier
D. You've written a book and several publishers are interested in purchasing the rights to publish your work
A. You purchase coffee in a coffee shop,
E. You're considering which job applicant to hire at your company,
B. You consider which politician to vote for in an upcoming election
C. You seek employment in the industry for which you have trained
the various models of oligopoly explain observed behavior in different industries, but none is satisfactory as a general theory of oligopoly.
The various models of oligopoly explain observed behavior in different industries, but none is satisfactory as a general theory of oligopoly because two to ten companies can compete on pricing, quantity, technological advancements, marketing, and reputation
What is General Theory of Oligopoly ?
An oligopoly refers to a market structure with few enterprises and high entry barriers. Oligopoly = A market structure with few firms and high entry barriers. Firms frequently compete fiercely, as each makes decisions on prices, volumes, and advertising in order to maximize profits.
Oligopolies may pursue a highly competitive approach, in which case they can reap benefits comparable to more competitive market structures, such as cheaper pricing. Even though there are only a few enterprises, the market may be very competitive due to their behavior.
As a result, oligopolies display the same inefficiencies as monopolies. Oligopolies never reach an efficient scale of production efficiency because the marginal cost curve contacts the marginal revenue curve before it hits the average total cost curve, and so never run at their least average total cost.
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Word count - 176 words
if all of the following policies were issued to 25-year-old individuals with the same risk classification, face amount, and from the same company, which policy will the cash value grow at the fastest rate?
The policy at which the cash value will grow at the fastest rate is 20-Pay Life Policy.
A 20-Pay Life Policy is designed for people who are looking for limited level premiums with cash value growth and also permanent death benefit protection. So, a person pay 20-level annual premiums, but the death benefit is guaranteed for them for a lifetime lifetime.
The life insurance company generally invests the premium payment in a conservative yield investment. Thus, so when you continue to pay premiums on the policy and earn more interest, your cash value will grow over the years.
Hence, so after the 20-year term ends, you can either let your policy expire or can renew it.
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they would be doing the very work that is necessary to reduce food costs, alleviate labor shortages and help tackle inflation.
Would be doing the very work this is vital to reduce food fees, alleviate labor shortages and assist tackle inflation.
Whilst a labor scarcity takes place, there aren't enough applicants to fill the jobs employers are hiring for and it is tough to find applicants for open positions. a first-rate purpose of a labor scarcity is whilst personnel quit at high costs at the same time as demand for workers remains excessive.
If this labor shortage keeps, there could be rising wages, inflation, and delivery chain problems within the short time period. For a long time, it may halt GDP growth, set off a recession, and cripple the destiny enlargement of sectors dominated by blue-collar and guide workers.
Inflation has several reasons, including delivery shortages and extended calls, a boom in the value of an amazing provider for which there's no alternative available or it can adjustments in wages and next fee increases.
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It is important for interviewers to enlist client cooperation during the interview process?
The statement is True.
It is important for interviewers to enlist the cooperation of client during the process of the interview.
Getting cooperation Pay attention to the subject of resistance before talking about the interview's objective. Use a variety of basic interviewing approaches and action-oriented skills; use structure to overcome resistance with difficult clients; aid the consumer in navigating the various stages of change, Any client or interviewer behavior that impedes the interviewing process or reduces the probability of a successful outcome are some of the basic factors affecting the interviewing procedure.
Locating the respondents and inviting them to participate is the interviewer's job and boost the performance of first responders. Dispel any misconceptions or concerns, evaluate the intensity of the answers, and should conduct a strong interview.
To get clients' cooperation during the contemplation stage, you must use your interviewing skills to convince them to consider the advantages of making changes in their lives.
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xcel how many months can a life insurance policy normally be backdated from the date of the application
6 Months can be a life insurance policy normally be backdated from the date of the application.
For Example:- Suppose, he/she purchased a policy with maturity duration of 20 years in March 2022 and backdated it to October 2021, the maturity benefits of the endowment policy can be reaped a year before in October 2041 than the initial date in March 2042.
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Select the best answer for the question.
8. Preventing injury and illness to customers and employees is called
O A. safeworkers.
O B. workplace policies.
O C. workplace procedures.
O D. workplace safety.
Preventing injury and illness to customers and employees is called workplace safety. Hence, option D is correct.
The safety of workers is defined as the provision of a safe working environment, safe tools, safe regulations, and safe processes to protect their health and safety also known as worker safety and occupational health and safety. Worker safety is a major concern for many firms.
The morale of the workforce will increase if worker safety is maintained, and happier employees produce more.
Thus, option D is correct.
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marie will be receiving $300 per year for the next six years out of an investment account. the interest on the account is 5 percent, compounded annually. what is the present value of this annuity? answers are rounded to whole dollars.
In a condition where, Marie will be receiving $300 per year for the next six years out of an investment account, and the interest on the account is 5 percent, compounded annually, the present value of this annuity will be $1599, rounded to whole dollars.
What is the significance of present value?The present value of an annuity can be referred to or considered as the current value of a deposit, for an amount that is certain to be received or accumulated at a future date. It follows a simple calculation.
Therefore, the significance regarding present value of an annuity has been aforementioned.
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The schedule of the present value has been added as an image for better reference.