Managerial ethics is concerned with morality and _______ of business conduct among individuals
Answers
Managerial ethics is concerned with morality and standards of business conduct among individuals. Managerial ethics is the acknowledged standard of societal norms and values, truth, and justice by the manager in decision-making. In the corporate world, moral principles and rules of behavior are applied.
Whereas ethics is the set of moral principles and regulations that guide a person's behavior. Management ethics emphasizes a fair compensation, appropriate working conditions, and an appealing reward system. It also focuses on client demands and seeks to meet them. As a result, it secures the company's long-term sustainability. The manager acts with integrity and sets a good example.
To learn more about ethics, click here.
https://brainly.com/question/11992384
#SPJ4
Related Questions
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
In class, Marcus is skilled at picking up main ideas and important details from his teachers' lectures. What is this called?
Answers
Answer:
This would observation, which is something most readers should be able to do
Explanation:
Why Is Consumer Behavior Important in Marketing?
By understanding how buyers think, feel and decide, businesses can determine how best to market their products and services. This helps marketers predict how their customers will act, which aids in marketing existing products and services. It also enables innovative businesses to identify new opportunities before others do.
Answers
All the options are correct in Consumer behavior important in Marketing i.e. By understanding how buyers think, feel and decide, businesses can determine how best to market their products and services. This helps marketers predict how their customers will act, which aids in marketing existing products and services. It also enables innovative businesses to identify new opportunities before others do. Option D is the correct answer.
Consumer diversification is a technique used in marketing to set one consumer apart from a group of related consumers. As a result, the target market is made up of customers who exhibit the same or comparable behaviors. In addition to attracting new consumers, consumer behavior is crucial for keeping current ones as well. Option D is the correct answer.
In order to develop successful marketing tactics, you must first understand customer behavior. Based on their behavior, each ad may communicate particularly to a distinct set of customers. A corporation can avoid spending a lot of money and energy on making a product that won't be profitable by instead performing a customer behavior research.
Learn more about Consumer here:
https://brainly.com/question/3227054
#SPJ4
The complete question is, "Why Is Consumer Behavior Important in Marketing?
A, By understanding how buyers think, feel and decide, businesses can determine how best to market their products and services.
B. This helps marketers predict how their customers will act, which aids in marketing existing products and services.
C. It enables innovative businesses to identify new opportunities before others do.
D. All of the above."
research shows that tall and good-looking employees are more likely to be promoted to managerial positions than their average-looking peers, because they better match people’s prototypical image of a good leader. what might be the mechanism causing such bias? group of answer choices individualized consideration idealized influence inspirational motivation ironic processing implicit leadership theories
Answers
Implicit leadership theories: It is a cognitive theory of leadership that suggests that individuals create cognitive representations of the world and use these preconceived notions to control their behavior and interpret their surroundings. It was developed by Robert Lord and his colleagues.
Leadership in business is the capability of a company's management to set and acquire hard desires, take fast and decisive motion whilst wanted, outperform the opposition, and encourage others to perform at the highest degree they are able to.
Leadership is critical as it evokes, motivates, and unites an instance for humans to accomplish nice changes globally. Leaders establish a vision, offer a plan of action, and build sturdy relationships with their fans. As a result, they guide people to perform extremely good feats collectively.
Learn more about leadership here: https://brainly.com/question/1232764
#SPJ4
Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the header of Carrie's balance sheet?
Answers
Answer:
The answer is Carrie's Balance Sheet (January 2013)
Explanation:
It is titled Carrie's Balance sheet and it shows the date in the title, it is the only one with a specific month compared to a longer period of time.
Answer:Carrie’s Balance Sheet (January 1, 2021)
Explanation: Got it correct on edge.
Jordan has $5. 37, which he is using to buy ingredients to make salsa. He is buying one red pepper for $1. 29 and three pounds of tomatoes. If Jordan has exactly the right amount of money he needs, what is the price per pound of the tomatoes? Choose the correct equation to represent this real-world problem. Solve the equation and verify the reasonableness of your answer. A pound of tomatoes costs.
Answers
Answer:
5.37 = 3x + 1.29 and 1.36
Explanation:
alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?
Answers
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = observed value - actual value x 100
actual value
Percentage error = 3.9- 3.5 x 100
3.5
Percentage error = 0.4 x 100
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
a corporation issued 3,300 shares of its no par common stock at a cash price of $10 per share. the entry to record this transaction would be:
Answers
The entry to record the issuance of 3,300 shares of no-par common stock at a cash price of $10 per share would be:
Debit Cash = 33,000
Credit Common Stock = 33,000
The Common Stock account should be credited for the total amount received from the issuance of the shares ($10 per share x 3,300 shares = $33,000).
The credit to Common Stock account represents the par value of the shares issued, which is zero in the case of no-par common stock. thus, the full amount of the cash received is credited to the Common Stock account.
Since the stock is no par value, there is no separate account for Additional Paid-in Capital.
To learn about common stock :
https://brainly.com/question/28436436?referrer=searchResults
#SPJ4
Sally earns graduated commission on her sales each month. she earns 6% commission on the first $45,000 in sales and 8% on anything over that. if sally had $51,000 in sales this month, how much commission did she earn? a. $4,080 b. $3,180 c. $3,060 d. $2,820 please select the best answer from the choices provided a b c d
Answers
The total commission is Option B. 3180.
An income commission is a sum of money paid to a worker upon of entirety of a challenge, normally promoting a sure amount of products or services. Employers once in a while use sales commissions as incentives to grow worker productivity. A commission can be paid further to an income or in preference to a salary.
earns 6% commission on the first $45,000
= $45,000 *8/100
= $2700
8% on anything over that. if sally had $51,000
= $51000 * 8/100
= $4080
Her commission earnings for $45.000 and for the amount she sold above $45.000 (in our case, 51.000 - 45.000 = 6.000).
So in total we have 6/100 * 45.000 + 8/100 * 6000
= 2700 + 480
= 3180.
Learn more about the commission here:-https://brainly.com/question/957886
#SPJ4
Disclaimer: your question is incomplete, please see below for the complete question.
a. $4,080
b. $3,180
c. $3,060
d. $2,820
Have you ever considered designing a program to help people? Here is your chance. Follow the instructions below to design some of the important elements of your own human services program.
Create a mission statement specific to what you are setting out to accomplish.
Consider the following questions and make notes:
What is the need?
Why do people need your organization?
Who will your organization help?
What is your service population?
Where will these services be made available?
How will you inform people of your services?
List Objectives/Tasks
Immediate
Objective 1: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Long Term
Objective 2: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Staff
How many direct service positions are available? What positions are they?
How many program-planning and design positions are available? What positions are they?
How many administrative positions are available? What positions are they?
What is the total number of staff members needed?
Budget
Define the needs of your organization, such as supplies, equipment needed, property, etc. What role will fundraising play in budget planning?
Evaluation
Design a method for monitoring your progress. Explain the details of how you intend to use this tool to ensure that you are on track for accomplishing your goals for your organization.
Name
Finally, after considering the nature of your organization, develop a name for it.
Make a presentation of your organization's mission statement, goals, target population, principles, etc. This can be in the form of a four-hundred-word essay, a three-page outline, or a graphic representation such as a chart.
Answers
To create a human services program, you must first develop a business plan that aligns with your needs and then create the mission statement.
How to create a business plan?It corresponds to a document used to identify all the needs of a new business, such as its risks, resources, legal requirements, mission, personnel needs, etc. successful.
The mission statement is developed to be the statement of the identity of a business in the market, that is, it is a summarized document that demonstrates the reason for the existence of the business, who are its stakeholders and what are the company's values.
Therefore, questions like "What is the need?" and "Why do people need your organization?" will serve as a guide that will direct the creation of the business plan and mission statement in a way that is more aligned with your objectives.
Find out more about business plan on:
https://brainly.com/question/25311149
#SPJ1
Using standard deviations, which bank is in a better position if the average earnings on the assets of Bank A is 11 percent and Bank B is 12 percent (ignore all other factors)?
Answers
Answer:
Explanation:
Bank B, because its earnings of 12 percent is higher compared to Bank A's 11 percent, while its standard deviation is the same.
which of these is an example of separation of powers?
the president enforces a law passed by congress.
representatives hold hearings to hear public opinion.
representatives rewrite a bill in committee meetings.
the president fires a cabinet member who is performing poorly.
Answers
I would say The president enforcing a law passed by Congress is an example of separation of powers.
The difference between a country's total exports and total imports is called the ___.
Answers
The difference between a country's exports and imports for a specific time period is its balance of trade (BOT).
How Do Imports Function?
An import is a good or service that was produced in another country but bought in one. Imports and exports are the two cornerstones of global trade. If a country's imports are more than its exports, its trade balance—commonly referred to as its trade deficit—is negative.
Meaning of import example:
An import is anything made abroad and then brought into another country. For instance, if a Belgian company created chocolate and sold it in America, an American would view that as an import.
To know more about import visit:
https://brainly.com/question/3943671
#SPJ4
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Learn more about high turnover:
https://brainly.com/question/2309682
#SPJ1
What is the GDP growth rate?
What is GDP per capita growth rate?
What is the productivity growth rate?
Help ASAP. The assignment's due tonight
Answers
The GDP growth rate, also known as economic growth rate, is measure of the change in country's gross domestic product (GDP) over a specific period of time, usually year or quarter.
What is economic growth?Economic growth refers to the increase in the production and consumption of goods and services in an economy over a specific period. This growth can be measured by changes in gross domestic product (GDP), which is the total value of all goods and services produced within a country's borders. Economic growth is generally seen as a positive development, as it creates jobs, increases income and improves living standards for people. However, it can also have negative consequences such as environmental degradation, inequality and inflation. Governments and central banks often try to promote economic growth through various policies, such as fiscal stimulus, monetary policy and investments in infrastructure and education.
To learn more about economic growth, visit:
https://brainly.com/question/29795694
#SPJ1
Economics-- please help!
Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
neutral stance
expansionary stance
economic stance
contractionary stance
Answers
Answer:
It is not A
Explanation:
I chose A and it was wrong sorry hope that narrows it down
A popular Airliners' Business Class check-in counter at CLT Airport has been experiencing some backlogs. A study indicated that customers arrive at an average of 60 per hour and that the arrivals are Poisson (random) distributed. There are currently 3 agents each with their own separate line, and the customers seem to choose among the 3 lines randomly but remain in one line once these choose. Each ticket agent can serve an average of 40 customers per hour. The agents' service times are exponentially (random) distributed. (Hint: Read both parts A) and B) before answering the question. Draw the system configuration diagram to help you identify the model). A. What is the average number of customers waiting in each line (Lq) and average time spend by a customer in the system (Ws) for the current configuration? (50 points) B. What would the average number of customers in the line (Lq) and average time spent by customer in system (Ws) be if the airline redesigned the waiting area such that there is only ONE line that would feed all 3 agents?
Answers
A) Calculation of Average number of customers waiting in each line (Lq) and Average time spend by a customer in the system (Ws) for the current configuration:Given data: Average arrival rate (λ) = 60 per hour
Average service rate (μ) = 40 per hour
No. of servers (m) = 3
Now we will use the following formulas to find Lq and Ws.Lq = λ^2 / (μ (μ - λ) )Ws = 1 / (μ - λ)Here, μ > λ
Formula for Lq is,Lq = λ^2 / (μ (μ - λ) )
Putting values,Lq = (60*60)/(40*(40-60)) = 54.545
The average number of customers waiting in each line (Lq) is 54.545
The formula for Ws is,Ws = 1 / (μ - λ)
Putting values,Ws = 1 / (40-60) = -1 / 20
The average time spent by a customer in the system (Ws) is 20 minutes.
B) Calculation of Average number of customers in the line (Lq) and Average time spent by customer in system (Ws) after redesigning the waiting area such that there is only ONE line that would feed all 3 agents:
New Arrival rate (λ) = 60 per hour
Average service rate (μ) = 40 per hour
No. of servers (m) = 3
For the single queue model, Effective service rate = m*μNow, λ' = λ/3
Effective service rate (μ') = 3*40 = 120 per hour
Here, μ' > λ'Formula for Lq is,Lq = (λ')^2 / (μ' (μ' - λ') )
Putting values,Lq = (60/3)^2 / (120*(120-60/3)) = 4.5
The average number of customers waiting in the line (Lq) is 4.5The formula for Ws is,Ws = 1 / (μ' - λ')Putting values,
Ws = 1 / (120 - 60/3) = 0.03333
The average time spent by customer in system (Ws) is 2 minutes.
Therefore, the average number of customers in the line (Lq) is 4.5 and the average time spent by customer in system (Ws) is 2 minutes after redesigning the waiting area such that there is only ONE line that would feed all 3 agents.
To know more about, average visit;
https://brainly.com/question/130657
#SPJ11
your financial adviser recommends buying a 10-year bond with a face value of $1,000 and an annual coupon of $50. the current interest rate is 5 percent. what might you expect to pay for the bond (aside from brokerage fees)?
Answers
Aside from brokerage fees, you might expect to pay around $463.19 for the bond. Assuming a current interest rate of 5 percent, the bond's coupon rate of $50 per year would be less attractive to investors, since they could earn a similar return from other investments with less risk. As a result, the bond's price would likely fall below its face value of $1,000 in order to provide a higher yield to investors.
To calculate the bond's expected price, you can use a bond pricing formula that takes into account the bond's coupon rate, maturity, and current interest rates. The formula is:
Bond Price = (Coupon Payment / (1 + Interest Rate)^1) + (Coupon Payment / (1 + Interest Rate)^2) + ... + (Coupon Payment + Face Value / (1 + Interest Rate)^Maturity)
Using this formula, we can calculate the expected price of the bond as:
Bond Price = ($50 / 1.05^1) + ($50 / 1.05^2) + ... + ($50 + $1,000 / 1.05^10)
Bond Price = $463.19
So, aside from brokerage fees, you might expect to pay around $463.19 for the bond. However, it's important to note that this is just an estimate and the actual price may vary based on market conditions and other factors. It's always a good idea to consult with a financial advisor before making any investment decisions.
for more such questions on investors
https://brainly.com/question/30130634
#SPJ11
Which of the following statements would most likely be included among a set of financial statements prepared in conformity with a special purpose framework?
A. The statement of comprehensive income.
B. The statement of operations.
C. The statement of cash receipts and disbursements.
D. The statement of financial position.
Answers
The statement that would most likely be included among a set of financial statements prepared in conformity with a special purpose framework is C. The statement of cash receipts and disbursements because to show the inflows and outflows.
A special purpose framework is a financial reporting framework other than generally accepted accounting principles (GAAP) that is used when GAAP financial statements are not required or are not applicable.
It is typically used for specific industries, entities, or circumstances that have unique accounting and reporting requirements.
The statement of cash receipts and disbursements, also known as the statement of cash flows, is a financial statement that shows the inflows and outflows of cash and cash equivalents during a period of time.
It provides information about the entity's operating, investing, and financing activities, and is a key indicator of the entity's liquidity and ability to generate cash.
The statement of comprehensive income, statement of operations, and statement of financial position are all GAAP financial statements that are prepared in conformity with generally accepted accounting principles.
Therefore, they are less likely to be included among a set of financial statements prepared in conformity with a special purpose framework.
To learn more about financial, click here:
https://brainly.com/question/29641948
#SPJ11
Fred starts up, and assumes the financial risk of, Graphic Ads, a new enterprise.
a. Fred is: an agent.
b. a franchisor.
c. a franchisee.
d. a sole proprietor
Answers
The correct answer is d. Fred, who assumes the financial risk of Graphic Ads, is a sole proprietor.
A sole proprietorship is a business structure where a single individual owns and operates the business. As a sole proprietor, Fred has full control over the enterprise, makes all business decisions, and assumes all financial risks and liabilities. He is not acting as an agent, as there is no principal-agent relationship involved.
He is also not a franchisor or franchisee, as a franchise involves a contractual relationship between a franchisor (owner of the brand) and a franchisee (individual or entity granted the right to operate under the brand). In this case, Fred is operating independently and assuming full responsibility for Graphic Ads as a sole proprietor.
Therefore, The correct answer is d.
Learn more about sole proprietor here
https://brainly.com/question/30156417
#SPJ4
If an indifference curve is bowed in toward the origin, the marginal rate of substitution is.
Answers
If an indifference curve is bowed toward the origin, the marginal rate of substitution is diminishing or decreasing. The marginal rate of substitution (MRS) is the rate at which a consumer can exchange one good for another while keeping the same level of utility. The slope of an indifference curve is the marginal rate of substitution.
If the slope of the curve is positive and is constant along its length, the marginal rate of substitution is constant. As a result, the indifference curve will be a straight line, implying that the consumer will be willing to trade off the same quantity of one good for another regardless of how much of the goods they have. On the other hand, if the curve bows in toward the origin, the marginal rate of substitution decreases as more of a good is consumed. This means that as one good's amount increases, the consumer will be less willing to trade away another good to acquire it.
Learn more about the marginal rate of substitution
https://brainly.com/question/30763866
#SPJ11
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Country b has a gdp of $1 trillion and a gdp per capita of $27,000. its economy is a mix of manufacturing, high tech, services, aviation, agriculture, and mining. it has laws favorable to entrepreneurship and private sector growth. it has multinational corporations that have recently begun outsourcing jobs overseas, resulting in a rise in unemployment. which of these factors is the strongest sign that country b has a developed economy? multinational corporations operate within its borders. it is home to many high-tech companies. it has laws favorable to entrepreneurship it has a high gross domestic product.
Answers
The strongest sign that country B has a developed economy is it has a high gross domestic product.
What is the sign of economic development?Gross domestic product is the monetary value of all the final goods and services produced in an economy within a given period. The higher the GDP of a country, the higher the level of economic growth and development of the country.
To learn more about GDP, please check: https://brainly.com/question/15225458
#SPJ4
Answer: D: It has a high gross domestic product.
Explanation:just did it
How do you short options on Investopedia simulator?
Answers
The Trading screen will appear as usual when you click the Trade Stock link. the following transactional details, as displayed: You can see that we want to short sell 100 Microsoft shares at the current market price.
What is an example of a transaction?
A transaction is a business event that has a monetary impact on a company's financial statements and is recorded as an entry in that company's accounting records. A high-volume transaction, such as a customer bill, may be entered in a specialised journal before being compiled and posted to the general ledger. On the other hand, lower volume transactions are sent straight to the general ledger.
Know more about current Visit:
https://brainly.com/question/13076734
#SPJ4
Can anyone help me develop a good business name for a graphic design company?
So far I have Jeon Graphic Design Co. And that's too basic. The family's last name is Jeon, which is why it is there. Please help.
Answers
Answer:
That is a pretty business name right there, sometimes LESS is MORE.Graphic design business names you may like:Jeon graphic design.co
Jeonify graphics.co
Jeon side graphic studio.co
Jeon Joen graphics.co (it's too good you have to pronounce it twice)
Jeon and me graphic studio.co
Jeon studio graphics.co
Jeon graphic studios.co
Jeon graphic lens.co
The real jeon graphic design.co
and so on....ORYou can use a name generator 0nline to great a name you might like and maybe touch it up with your own words (just a suggestion).Don't forget to relax and be creative and have fun finding the perfect name for that lovely family business.Hope this helps atleast
Good luck ✅
Multiple choice-- finances/economics-- help!
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices
certificate of deposit
bond
401k
money market mutual fund
Answers
Answer:
certificate of deposit.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
In this scenario, Joseph wants to invest his money for a very long time and would like a very low-risk investment because he doesn’t want to lose any amount of money. Thus, the type of investment which will best fit Joseph’s needs is a certificate of deposit.
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, a bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, eliminating the chance of a holder such as Joseph to lose any money.
Answer: it is NOT certificate of deposit
Explanation:
Just used that on the test and it was wrong
Which one of these positions within a company deals directly with customers
the most?
Answers
Answer:
front-line staff
Explanation:
just took the quiz (vote brainliest plssss)
Answer:
A. Senior management.
B. Frontline staff.
C. Support staff.
D. Middle management.
single order quantity inventory problem or newsboy problem:a hotel near the university always fills up on the evening before football games. history has shown that when the hotel is fully booked, the number of last-minute cancellations has a mean of 5 and standard deviation of 3. the average room rate is $80. when the hotel is overbooked, the policy is to find a room in a nearby hotel and to pay for the room for the customer. this usually costs the hotel approximately $200 since rooms booked on such late notice are expensive. how many rooms should the hotel overbook ?
Answers
The hotel cannot overbook a fractional number of rooms, the hotel should overbook 11 rooms to maximize their profit.
P(cancellation > x) = P(Z > (x - μ) / σ)
Profit = Revenue - Cost
Revenue = x * $80 (assuming all overbooked rooms are sold)
Cost = P(cancellation > x) * $200
Therefore, the hotel's expected profit can be expressed as:
Expected Profit = x * $80 - P(Z > (x - μ) / σ) * $200
d(Expected Profit) / dx = $80 - $200 * φ((x - μ) / σ) * (1 / σ) = 0
where φ is the standard normal probability density function. Solving for gives:
x = μ + σ * z
z = 1.645
Therefore, the optimal number of rooms to overbook is:
x = 5 + 3 * 1.645 ≈ 10.9
Revenue is the total amount of money a business earns through its operations, sales, and other sources of income during a specific period, usually a fiscal year. It is often referred to as the top line of a company's financial statement, which includes all the money received by the business before any deductions, such as expenses or taxes.
Revenue is a critical metric for businesses as it indicates the company's ability to generate income and is used to calculate important financial ratios like profit margins and earnings per share. A company's revenue can come from various sources, including the sale of goods or services, rental income, interest income, and capital gains.
To know more about Revenue refer to-
brainly.com/question/27325673
#SPJ4
the range over which the assumed cost relationship is valid for the normal operations of a firm is known as the
Answers
The range over which the assumed cost relationship is valid for the normal operations of a firm is known as the relevant range.
This refers to the range of activity levels in which a company can accurately predict its costs.
The relevant range is crucial in cost accounting, as it helps businesses determine the most cost-effective levels of production, and thus, the optimal pricing strategy.
Operating outside of the relevant range can lead to inaccurate cost assumptions, making it difficult for companies to make informed decisions about their operations.
Therefore, it is essential for businesses to regularly reassess their relevant range as their operations and activities change over time.
To know more about assumed cost ,refer the link:
https://brainly.com/question/31076133#
#SPJ11
If a firm belives tht some of its debtors may default and it should act on this by making sure tht all possible losses are recorded in the books this is an example of which concept
Answers
Answer: Conservatism
Explanation: The conservatism concept can be ncept may be explained as an accounting principle which ensures that an organization tends to be very careful in handling its finances, with the conservatism concept, financial management often lean towards an approach which tends to play down future gains and concentrate more on potential chances of losses in the future. With such approach the organization tends to be very prudent in its financial management. In other words, conservatism shifts toward a tendency to understate its asset or income rather than overstate its asset.