Answer and Explanation:
The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.
Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.
So, with the help of the spreadsheet, we will be able to find the net income by using the formulas.
Answer:
Limited Supply of lawyers will lead to increase in Lawyer Wages / Salaries
Explanation:
Labour Markets are at equilibrium where : Labour Demand (by firms) = Labour Supply (by employees).
Analysing the labour market for Lawyers : Previous anticipations finally leading to small graduating classes & limited supply of lawyers. This limited supply creates excess demand of lawyers. The mismatched excess demand (by firms) creates competition among buyer firms, which leads to increase in price (wages or salaries) of lawyers.
Answer:
The correct answer is letter "D": All of these answer choices are incorrect.
Explanation:
Retained earnings are the part of the company's net profits which does not pay out as dividends to shareholders. The company keeps this money in the business to reinvest it or uses it to pay off a part of its debt.
When revenues of a company exceed the expenses of a period, the firm has net income. Net income is reported as a credit entry. Thus, the retained earnings will have a credit balance prior to closing.
Answer:
The correct answer is option A.
Explanation:
The demand for cantaloupes is unitary elastic at price level $2.50. The demand curve here is linear and downward sloping. The elasticity of demand is 1.
In this linear demand curve the lower portion will represent inelastic demand.
When the price level is reduced to $2 the demand will move to the lower portion of the curve, with fall in price and increase in demand.
So, at $2 price the demand will be inelastic, which means it will be between 0 and 1.
Answer:
flows of material, information, and knowledge
Explanation:
In simple words, functional areas refers to the different divisions in an organisation made by the top management so that different task can be performed separately by different expert employees. For example all the employees in sales division will be grouped together so that all activities related to sales can be performed efficiently.
However such a framework can often lead to problems in operations due to different objective of every division, therefore, the top management have to make sure that all the activities could be coordinated for the ultimate benefit of the organisations.
Hence organisations use tools such as inventory control techniques, information and knowledge expertise to coordinate and monitor the activities of different departments.
