Bob owns a plumbing business in which he pays 101000 for his liabilities and earns 395000 rands. Does Bob makes a profit or loss?

Answers

Answer 1

Yes, Bob makes a profit as his earning is 395000 and his liabilities are 101000. Therefore, 2,94,000 is the profit.

Profit in economics is the difference between an economic entity's revenue from outputs and all of its input expenses. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.

It's distinct from accounting profit, which only pertains to the costs that are explicitly stated on a company's financial accounts. Accounting profit is calculated by subtracting the company's entire earnings from its explicit costs. When examining a corporation, an economist takes into account all expenses, both apparent and implicit. Economic profit is therefore less than accounting profit.

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Related Questions

Which development with most reflects Karl max is belief in the economic system that he predicted to replace free market

Answers

The development with most reflects Karl max that is belief in the economic system that he predicted to replace free market is option B. Workers share all the profits generated from a factory. Read below about Karl Max's belief in economic system.

What is Karl Max's belief on the economic system?

Marx believed that in a capitalist system, society would inevitably divide themselves into two classes – the business owners and the workers. The workers would produce the material goods and conduct all the labor, while the owners would reap all the financial and social benefits.

Therefore, the correct answer is as given above

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The complete question goes thus:

Which development would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets? A. Governments eliminate all taxes on wealthy corporations. B. Workers share all the profits generated from a factory. C. Companies begin to sell their products in overseas markets. D. Businesses refuse to hire workers who demand high wages.

After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) ______(increase/decrease) in total liabilities or equity.

Answers

After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) Increase (increase/decrease) in total liabilities or equity.

This is further explained below.

What is a transaction?

Generally, A financial transaction is an agreement or communication between a buyer and a seller to trade products, services, or assets in return for payment.

This may take the form of either spoken or written language.

Any kind of commercial transaction will always result in a shift in the respective financial situations of the parties involved, whether they be people, corporations, or both.

In the world of finance, equity refers to ownership of assets, which may or may not be accompanied by debts or other obligations.

For the purposes of accounting, equity is determined by deducting the value of the liabilities from the value of the assets.

In conclusion, An increase in total assets may be followed by a (n) rise in total liabilities or equity after putting a transaction into the accounting equation.

This may be the case depending on the direction of the transaction.

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All of the following are allowed investments in an Individual Retirement Account EXCEPT: A Preferred Stock B U.S. Government Gold Coins C Antiques, Art, and Other Collectibles D U.S. Government Bonds

Answers

Answer: government bonds investing in something is a little like "betting" when you invest money into a certain thing you are hoping that it gains more value in the future. In return of investing that money the company gives you some money if they gain money separate from the investments.

what are the answers for all 3 of them?

what are the answers for all 3 of them?

Answers

Answer:

See below

Explanation:

(i) €585.00

As per the statement, Taylor owed €585.00 to Franklyn photographic supplies Ltd at the end of April. The closing balance for April is the Amount owed at the end of April.

(ii) €75.00

The opening balance for April as indicated in the statement is the closing balance for March.

(iii) €375.00

As per the statement an amount of €375.00 was paid on April 15

With the help of online research, write a short report on “glocalization.”

Answers

The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.

To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.

It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.

By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.

The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.

Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).

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Where is the data displayed in a query stored?
O in the query
o on the Clipboard
in a temporary backup file
O in the underlying table

THE ANSWER IS D

Answers

Answer:

lol ummmmmmmm how abt d

Which best compares and contrasts the teaching and training careers and the professional support careers?

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.
B) Both careers help students learn; however, teaching and training careers are involved in running the school.
C) Both careers are increasing the number of available jobs; however, professional support career earns less money.
D)Both careers have support careers; however, professional support careers assist in the classroom.

Answers

The teaching and training careers and the professional support careers can be compared because option  A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

What are teaching and training careers and the professional support careers ?

They are both careers that is needed for the students so they can come out with flying colors.

For instance, teaching involves passing across knowledge to students, and the teacher is expected to use different techniques so that the students can cope and be successful academically.

Therefore, option A is correct.

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Which actions should managers take when employees exhibit low self-efficacy? Assign people with low self-efficacy to jobs that are complex, challenging, and autonomous to enhance self-efficacy: Reward small successes: Nurture self-efficacy by giving constructive pointers and positive feedback: Reassign employees with low self-esteem to boring, tedious jobs.

Answers

When employees exhibit low self-efficacy, managers should take the following actions:

1. Assign people with low self-efficacy to jobs that are complex, challenging, and autonomous to enhance self-efficacy. This will help them develop their skills, gain experience, and build their confidence.

2. Reward small successes: Recognize and celebrate the employees' accomplishments, even if they are small. This will motivate them and show that their efforts are valued.

3. Nurture self-efficacy by giving constructive pointers and positive feedback: Provide guidance, support, and encouragement to help employees improve their performance and increase their self-efficacy.

4. Avoid reassigning employees with low self-esteem to boring, tedious jobs, as this can further lower their self-efficacy and hinder their development. Instead, focus on providing opportunities for growth and improvement.

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assume one of the public schools is privatised. what are the advantages and disadvantages of privatising the school​

Answers

Answer:

Advantages:-

1.Reduced political disturbances.

2.Proper facilities

3.The discipline in student is maintained .

4.Students can get proper guidance from teachers.

Disadvantages:-

1. Fee may be increased.

2.The services may lack which was given by government funds.

3.It may cause problem to poor students from poor family.

4.Public holidays is decreased.

a bank promises to pay 5.5% pa compound interest on deposits of £2337 if saved for 3 years. how much will the savings be worth at the end of the period mentioned? write your answer correct to 2 decimal places.

Answers

Answer:

£2,744.20

Explanation:

savings amounts after 3 years can be calculated using the formula below.

A = P x ( 1 + r) ^ n

Where A is the amount after three years

P = principal amounts:  £2337

r: interest rate: 5.5% or  0.055

n is the number of periods: 3 years

A =£2337 x( 1 + 0.055)^3

A =£2337 x(1.055) ^3

A=£2337 x 1.174241

£2,744.20

Amount after 3 years will be £2744.20

I immediately need help with this please help me someone please solve it for me it’s pretty urgent if u write unnecessary things I’ll report so pleasee

I immediately need help with this please help me someone please solve it for me its pretty urgent if

Answers

Hello there ☺️,

Please check the attached image of the answer.

By Benjemin ☺️

I immediately need help with this please help me someone please solve it for me its pretty urgent if

How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Due to globalization, firms follow each other around the world, thereby:________

Answers

Globalization means that firms following each other around the world, hence, creating a degree of uniformity across markets.

What are the causes of globalization?

There are main drivers of globalization including information technology. economic factor. cultural factor. political change.

How is globalization affecting the world?

Globalization has brought about a sharp increase in trade and economic exchange, but it has also led to an increase in financial exchange. In the 1970s, the opening up of the world economy and the development of free trade policies accelerated the phenomenon of globalization. Between 1950 and 2010, world exports increased 33 times his.

How will globalization affect the economy?

Globalization facilitates the internationalization of companies and greatly increases the volume and variety of cross-border trade in goods, services and capital. Moreover, globalization leads to the rapid spread and diffusion of products, technologies, and knowledge around the world, regardless of their origin.  

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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

Please help!! My 9th time posting this please actually help me!

Dissatisfied customers may occasionally post harsh criticism of a product or service on a company's social media site. Social media experts say that not every comment on the Web merits a response. Concisely describe the circumstances that merit a professional response to an online post. Then describe the guidelines you should follow when composing to customers online.

Answers

As a dissatisfied customer it is your moral responsibility to inform other consumers about your experiences as to prevent any more dissatisfaction in the future. This would prompt the business to fix the problem that that customer is having

explain hotel manager​

Answers

Answer:

Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.

Answer:

hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget

Which of the following is a certificate of deposit (CD)?

An account paying 0.05% interest with no other limitations

A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest

A "basket" of money pooled in by many investors to acquire securities based on the value of cash

An investment in stocks

Answers

A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest  is a certificate of deposit (CD).

What does a CD certificate entail?

In exchange for holding a specific amount of money for a specific length of time, such as six months, a year, or five years, a certificate of deposit (CD) is a savings account that earns interest from the issuing bank.

What's the procedure for a CD certificate of deposit?

A certificate of deposit (CD) is a savings instrument that yields interest on a one-time payment for a predetermined amount of time. In contrast to savings accounts, CDs require that the money remain untouched for the duration of the term in order to avoid penalty fees and lost interest.

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Gordy's Corp. has seven employees. Each earns $800 per week for a five day work week ending on Friday. This month, the last day of the month falls on a Thursday. The company should make an adjusting entry:

Answers

Answer:

The journal entry to record the wages expense for the month is:

Thursday, end of month, wages expense:

Dr Wages expense 640

    Cr Wages payable 640

The adjusting entry made on Friday would be:

Friday, first day of the new month, wages expense:

Dr Wages expense 140

Dr Wages payable 640

    Cr Cash 800

Walt can afford monthly car payments of $140 for 3 years, starting 1 month from now. The interest rate is 4.6 percent, compounded monthly. How much can he afford to borrow to buy a car

Answers

Based on Walt's monthly budget of $140 for car payments over a period of 3 years, starting 1 month from now, and considering an interest rate of 4.6 percent compounded monthly, he can afford to borrow approximately $4,677.42 to buy a car.

To calculate the maximum amount Walt can borrow, we can use the formula for the present value of an ordinary annuity. In this case, the monthly payment of $140 forms an ordinary annuity for 36 months (3 years). The formula for present value is given by PV = P * [(1 - (1 + r)^(-n)) / r], where PV is the present value, P is the payment amount, r is the interest rate per period, and n is the number of periods. Plugging in the values, we have P = $140, r = 4.6% (or 0.046), and n = 36. Substituting these values into the formula, we find PV = $140 * [(1 - (1 + 0.046)^(-36)) / 0.046] ≈ $4,677.42. Therefore, Walt can afford to borrow approximately $4,677.42 to buy a car while staying within his budget.

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The costs of providing financial information is ultimately borne bya. management.b. shareholders.c. auditors.d. professional analysts.

Answers

The costs of providing financial information are ultimately borne by a variety of parties, including management, shareholders, auditors, and professional analysts.

While management is responsible for preparing financial statements and ensuring that they accurately reflect the company's financial position, shareholders have a vested interest in receiving this information in order to make informed investment decisions. Auditors are responsible for reviewing and verifying the accuracy of financial statements, while professional analysts use this information to provide insights and recommendations to investors. Ultimately, all of these parties play a role in ensuring that financial information is accurately and transparently presented, and they all share in the costs of producing this information. However, the specific allocation of these costs may vary depending on the particular circumstances of the company and the industry in which it operates.

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I am confused here. Help me, tomorrow is my exam. Is tailoring a secondary activity or tertiary? Bcoz a tailor also makes suits etc and also fixes them. For example if my coat has a cut, the tailor will repair it.​

Answers

Answer:

This is soley based on a personal response no bias. ANS- TERTIARY

Tertiary is a skilled built labor job and Seconadary is a not as needed/skill required based work force such as fast food or retail work.

Explanation:

Of third rank, importance, or value chiefly British : of, relating to, or being higher education

Of, relating to, or constituting the third strongest of the three or four degrees of stress recognized by most linguists

Required information
[The following information applies to the questions displayed below.]

On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets to launch the business. On December 31, the company’s records show the following items and amounts.


Cash $ 13,210 Cash withdrawals by owner $ 1,460
Accounts receivable 13,320 Consulting revenue 13,320
Office supplies 2,720 Rent expense 2,950
Land 45,910 Salaries expense 6,290
Office equipment 17,350 Telephone expense 830
Accounts payable 7,970 Miscellaneous expenses 640
Owner investments 83,390
Using the above information prepare a December income statement for the business.

Answers

Based on the information given the December statement of cash flows for Ernst Consulting is $2,610.

Income statement:

ERNST CONSULTING Income Statement For Month Ended October 31

REVENUES

Consulting fees earned $13,320

Total revenues $13,320

EXPENSES

Rent expense $2,950

Salaries expense $6,290

Telephone expense $830

Miscellaneous expenses $640

Total expenses $10,710

($2,950+$6,290+$830+$640)

Net income $2,610

($13,320-$10,710)

Inconclusion  the December statement of cash flows for Ernst Consulting is $2,610.

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Part A:
On December 1, 2021, Källgren Inc. borrowed $420,000 from Simmonds Credit Union for nine (9) months at 8% annually, payable on the 1st of every month. The company has a December 31 year end. Which of the following statements is true? Show your work.
a) No entry would be made to interest expense until the end of the loan period, at the end of the nine months
b) The company would record a Dr. to Interest expense and a Cr. to Interest payable of $3,733.33 on December 31, 2021
c) The company would record a Dr. to Interest expense and a Cr. to Cash of $3,733.33 on January 1, 2022
d) The company would record a Dr. to Interest expense and a Cr. to Cash of $2,800 on January 1, 2022
e) The company would record a Dr. to Interest expense and a Cr. to Interest payable of $2,800 on December 31, 2021

Answers

The company would record a Dr. to Interest expense and a Cr. to Interest payable of $2,800 on December 31, 2021, which is truly among the given statements. The correct option is e.

To calculate the interest expense for the month of December, we need to first calculate the monthly interest rate. The annual interest rate is 8%, which means the monthly interest rate is 8%/12 = 0.67%.

The interest expense for December can be calculated as:

Interest expense = Loan amount x monthly interest rate
= $420,000 x 0.67%
= $2,814

Since the loan was taken on December 1, 2021, and the company has a December 31 year-end, the interest expense for December needs to be recorded on December 31, 2021. The entry would be:

Dr. Interest expense of $2,814
Cr. Interest payable $2,814

Therefore, option e) is the correct answer.

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Apples are selling for .15 cents per apple. The amount you buy is 823 apples, and you decide to sell those apples for .75 cents per apple. What is the total revenue for selling these apples?

Answers

Answer:

123.45 cents

Explanation:

Revenue = price per unit x quantity sold

0.15 x 823 = 123.45

A good manager: A. gives advice freely and frequently. B. is more result-oriented than relationship-oriented. C. has a judger mind-set and low self-awareness. D. schedules time for listening to employees each day. E. believes that listening too much is a sign of indecisiveness.

Answers

Answer:

B.

Explanation:

If you're asking a good manager that keeps the busniess running the answer is B because he would get the best money results.

If you mean the best manager because CO-workers like him the answer is A, but I don't think that's what you're asking so the answer is most likely B.

IF THE ANSWER IS SELECT ALL THAT APPLY,

-A

-B

-D

Which action would a government most likely take to reduce its
unemployment rate?
A. Use tax money to hire workers for government projects
B. Cut taxes on businesses that operate with very few workers
C. Increase taxes on businesses that operate outside the country
D. Cut off loans to businesses in order to reduce the money supply
SUBMIT

Answers

A; sounds like the best option

The unemployment rate is the unemployed divided by the sum of employed and unemployed, in order to reduce it the government can hire workers for a new project by using tax money.

What is the unemployment rate?

It is the rate of unemployment calculated by the number of people unemployed to the total number of people employed and unemployed multiplied by 100.

In order to reduce it, the government can hire workers for a new project by using tax money

Therefore, option A can help in the reduction of the unemployment rate.

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People who live in urban areas are part of the target market for take-out via bicycle. This suggests that delivery services would most likely segment the market based on which consumer segmentation basis?.

Answers

Geographic The intended market for take-out delivered by bicycle includes residents of urban regions. This implies that delivery services would most likely divide the market into segments based on consumer preferences.

A geographic target market is what?

A marketing tactic known as geographic segmentation targets goods and services at local residents and business owners. It operates under the premise that locals have comparable needs, desires, and cultural factors.

What are some geographical examples in the target market?

A clothing company that offers online consumers various products based on the climate or season in the area they dwell in is a wonderful example of geographic segmentation. In the winter, a customer from New York will need very different attire than one from Los Angeles.

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tell me a story that has happened to you who evers is best i’ll give you point or whatever

Answers

Explanation:

Soo- one time i was in mexico, snorkeling :D

and my dad surprised me with something i didn't expect. a banana. at first i was verrrrrry annoyed, i thought i would've gotten some new gear or stuff. out of nowhere, he takes the bananas out of his pocket and pushes me and my siblings in the water. he chucks a banana at me and i get salt in my eyes, screaming in pain because i hadn't put my goggles on. we swam out to sea, the banana absorbing the salt water. then- the last thing i would expect happened. A SEA TURTLE SNAPPED IT OUT OF MY HANDS LOL

i hope u enjoyed my story :D

Please help in this question asap

Please help in this question asap

Answers

Answer:

All of these

Explanation:

do I need to explain lol?? :]

The correct answer is D, all of these.

Which characteristic gives the term preference shareholder its distinct name?


Preferred shareholder gets its name from its unique feature that shareholders of such shares are given first preference in terms of payment in case the business_____.

Answers

Answer: dividends

Explanation:

Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.

Answer:

shuts down

Explanation:

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