Because in <u>accumulation of wealth, older people have an advantage</u>.
Explanation:
Older people tend to have more money simply because:
<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>
<u>2. they have had more time to save up capital and invest.</u>
Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.
Answer:
Supplies Expense is debited for $40
Cash is credited for $89
Delivery Expense is debited for $49
Explanation:
Petty cash is a small amount of fund which is kept in the business for day to day expenses. Cash is issued from this fund for daily small expense which is not possible to withdraw from the bank by check.
The Journal Entry will be as follow
Dr. Cr.
Supplies $40
Delivery expense $49
Cash ( $100-$11) $89
Cash will be credited against all these expenses.
Answer:
Equations best describes the equation to determine total profit for a sales volume: Total profit = $10.00X – ($4X + $30,000)
Explanation:
Total variable costs to produce 1 units = Direct materials + Direct labor + Manufacturing Overhead + Selling and administrative = $1.25 + $0.75 + $1.00 + $1.00 = $4 per unit
Fixed Costs = Manufacturing overhead + Selling and Administrative = $20,000 + $10,000 = $30,000
Box sells each unit for $10.00. X is the number of units are sold
Total profit = Sales revenue - (Total variable costs + Fixed Costs) = $10.00X – ($4X + $30,000)
Answer:
The answer is: policy
Explanation:
Company's policy are guidelines that can affect its operation, plans and objectives. They are the rules that outline the activities and responsibilities of the company's employees and employers. They serve as rules of conduct within the company.
Answer:
A. identify potential new acquisition candidates that are cash cows (as opposed to cash hogs).
Explanation:
The success of unrelated diversification is contingent upon management's ability to identify potential new acquisition candidates that are cash cows (as opposed to cash hogs).
A cash cow business produces large internal cash flows over and above what is needed to build and maintain the business whereas the internal cash flows of a cash hog business are too small to fully fund its operating needs and capital requirements.
