Answer:
C. Balance sheet
Explanation:
If Rita and Jose want to assess their progress overtime and they want to read their status each year so, should prepare balance sheet for each year because balance sheet represent the organization's financial position. It tells us that what an organization had over the past years of business. All the income and losses of each year is accumulated in the balance sheet to show the net position at a point of time. Cash flow and federal income tax return are prepared to show the data specific period only.
Answer:
$209,600
Explanation:
Calculation of the net income (or loss) for the year
Stockholders’ equity = Total Capital + Net Income - Dividend
Therefore the Net Income will be:
Using this formula
Net income= Stockholders’ equity + Dividend - Total Capital
Where,
Stockholders’ equity =$343,200
Dividend =$20,000
Total Capital =$153,600
Let plug in the formula
Net income= $343,200 + $20,000 - $153,600
Net income= $209,600
Therefore the net income (or loss) for the year will be $209,600
Answer: Equal Opportunity and Responsibility.
Explanation: Every successful organization share in common: a common goal they target to achieve, proper coordination, and hierarchy of authority.
In most organizations authority is NOT equal and each individual has their key roles they perform to ensure success is achieved.
There is always a leader or a team of leaders and those following their lead.
Answer:
- <u>Best Buy sells 560 iPods</u>
- <u>Sears sells 70 iPods</u>
Explanation:
You may set a system of equations.
<u>1. Name the variables: </u>
- B= <em>number of iPods</em> sold by <em>Best Buy</em>
- S =<em> number of iPods</em> sold by <em>Sears</em>
<u>2. Translate every verbal statement into a mathematical expression</u>
a) <em>A local Best Buy sells 8 times as many iPods as Sears</em>.
b) <em>The difference between their sales is 490 iPods</em>.
<u>3. Solve the system of equations</u>
a) Substitute B = 8S into the second equation
b) Add like terms
c) Divide both sides by 7
d) Substitue S = 70 into B = 8S
<u>Solution:</u>
- Best Buy sells 560 iPods
- Sears sells 70 iPods
Answer: The efficient outcome is to have the security system installed. After the meeting the security system will <em><u>be installed</u></em>, which illustrates the <em><u>free rider problem.</u></em>
Free rider is the burden on resource which is been shared, the problem is created by its usage or over-exploitation by individual who aren't paying their fair share.
∴ Here Tom is a free rider. i.e. He is willing to pay $100 where he should've paid $250.
