The city of New Orleans has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a year. The firms that employ designers of normal ability each collect $600,000 in revenue a year, which is just enough to ensure that each earns exactly a normal profit. However, the 200th company employs Janus Jacobs, an unusually talented designer. Because of Jacobs's talent, this company collects $1,000,000 in revenue a year.

a. How much will Jacobs earn?

$ per year.

What proportion of her annual salary will be economic rent?
Instructions: Enter your response as a percentage rounded to the nearest whole number.

%.
b. Will the advertising company for which Jacobs works be able to earn an economic profit?
Yes/No

Answers

Answer 1

Answer:

a. $700,000

86%

c. No

Explanation:

a. Jacobs will earn $700,000 per year. This equals the normal salary for a designer, $100,000, plus the economic rent he collects for his special talent, $600,000.  

6/7 or 0.857 or 86% of his salary is thus economic rent. This is found by 600,000/700,000

b. The answer is No. If Jacobs’s employer withholds some of the additional revenue it takes in as a result of hiring him, some other advertising company will offer him a higher salary and still manage to earn an economic profit. Bidding for Jacobs will continue until firms are indifferent between paying him $600,000 and hiring any other designer for $100,000.


Related Questions

why are imports subtracted from GDP?
A. Imports are included in the other demand components of GDP and we want to look at only domestically produced goods.
B. Imports reduce domestic production
C. Imports and exports are irrelevant to GDP

Answers

The main reason why imports are subtracted from GDP is because it has been included in the other demand components of GDP and we want to look at only domestically produced goods.

What is an imports?

Generally, the term "imports" of goods and services refers to the goods which add to the stock of material resources of a country by entering its economic territory.

In national income, the cogent reason that imports are subtracted in the standard identity is because they have already been included as part of consumption, investment, government spending, and exports. So, if the imports were not subtracted, the GDP would be overstated.

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In your own life, what is important to you to “preserve, protect and/or defend”?

Answers

Answer:Um protect or to defend.

Explanation:

Case: A manufacturing company was experiencing a high rate of defects in their production process, resulting in increased costs and decreased customer satisfaction​

Answers

A manufacturing company was experiencing a high rate of defects in their production process, resulting in increased costs and decreased customer satisfaction​ and various steps can be taken to address this problem.

Multiple actions can be taken by a manufacturing company to address the problem of a high rate of defects in their production process. By looking at production records, performing quality control and speaking with employees, they should be able to determine what caused the defects in the first place.

A strategy for resolving the issue should be created once the root cause has been located. The production process may need to be altered, new technology or equipment may need to be purchased or employee training may need to be improved. In order to assess the plan's success in lowering the rate of defects, it should be put into action and monitored.

Continuous improvement should be a priority for the business and this can be done by conducting regular audits, getting input from staff and customers and investing in development. These actions will enable the manufacturing company to lower costs and boost customer satisfaction.

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reasons why managers may be reluctant to participate fully in setting budgets??

Answers

Answer:

Some managers are reluctant to participate in budgeting because they do not like to discuss financial matters. They may also feel like developing a budget stops flexibility.

Managers may be reluctant to fully participate in setting budgets due to several reasons. First, they may fear that by actively participating, they will be held accountable for meeting the budget targets, leading to increased pressure and scrutiny.

Second, managers may have limited knowledge or experience in financial matters, making them hesitant to engage in budgeting discussions. Third, they may perceive budgeting as a time-consuming process that distracts them from their primary responsibilities.

Additionally, managers might have concerns that their departmental needs and priorities will not be adequately considered, resulting in inadequate resource allocation. Overall, these factors can contribute to their reluctance to actively engage in the budgeting process.

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________ is an integrated effort to systematically and continuously improve the quality of an organization's products and/or services.

Answers

Total quality management is an integrated effort to systematically and continuously improve the quality of an organization's products and/or services. Thus the correct option is B.

What is a service?

Services are referred to as a category of commodities that are provided to a customer in the form of amenities similar to those found at a restaurant or shopping center. It is a particular kind of good or commodity that can only be felt; it is intangible in nature.

A systematic methodology that is centered on the idea that an organization may accomplish long-term success by employees concentrating on boosting performance and, as a result, generating customer satisfaction is Total Quality Management (TQM).

Therefore, option B is appropriate.

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the complete question is Probably

________ is an integrated effort to systematically and continuously improve the quality of an organization's products and/or services.

A) Quality-of-life index

B) Total quality management

C) Integrated business planning

D) Organizational restructuring

What did Apple and other publishers seek to do?

Answers

Answer:

they wanted to eliminate prices

Explanation:

hope this helped :)

Answer:

They sought to eliminate price competition on the sale of e-books.

Explanation:Plato

Which of the following would cause consumers to demand fewer slices of pizza?
A. an increase in the supply of pizza slices
B. a decrease in the supply of tacos
C. an increase in the price of pizza slices

Answers

Answer:

C.

Explanation:

All the others make the supply of pizza larger, or high demand

A data scientist is writing a Machine Learning algorithm using a large data set. What is produced when the data scientist compiles the code?

Answers

When a data scientist compiles the code for a Machine Learning algorithm using a large data set, the result is a trained model.

This model can then be used to make predictions or classifications based on new data. The process of compiling the code involves using the algorithm and the large data set to create a model that can accurately predict or classify new data. Once the code is compiled and the model is created, the data scientist can use the model to make predictions or classifications on new data.

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To test whether a particular diversification move has good prospects for creating added shareholder value, corporate strategists should use the A. profit test, the competitive strength test, and the industry attractiveness test B. strategic fit test, the industry attractiveness test, and the dividend effect test C. barrier to entry test, the competitive advantage test, and the stock price effect test D. the industry attractiveness test, the cost-of-entry test, and the better-off test E. better-off test, the competitive advantage test, and the profit expectations test g

Answers

Answer:

The answer is option (d) the industry attractiveness test, the cost-of-entry test, and the better-off test.

Explanation:

Solution

The better-off test is important for diversification decisions. Better off test tells whether their is one time or continuous competitive advantage in some form due to diversification.

Industry attractiveness is important to access profitability and ability to win in the industry .

Cost to entry is important to access whether the firm has resources to invest in diversification .

Answer:

option D

Explanation:

Hormel offers its food distributors a discount of 15 percent for payment within 10 days on orders of all Jiffy brand products. Hormel is giving its customers a

Answers

Hormel is giving its customers a cash discount.

What is cash discount?

Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.

Based on the given scenario Hormel offers is offering its  food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of  10 days.

Inconclusion Hormel is giving its customers a cash discount.

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Portions of the financial statements for Peach Computer are provided below.
PEACH COMPUTER
Income Statement
For the year ended December 31, 2021
Net sales $1,925,000
Expenses:
Cost of goods $1,100,000
sold
Operating expenses 610,000
Depreciation expense 55,000
Income tax expense 45,000
Total expenses 1,810,000
Net income $ 115,000
PEACH COMPUTER
Selected Balance Sheet Data
December 31
Increase (I) or Decrease
2021 2020 (D)
Cash $107,000 $87,500 $19,500 (I)
Accounts receivable 45,500 51,500 6,000 (D)
Inventory 80,000 57,500 22,500 (I)
Prepaid rent 3,500 6,000 2,500 (D)
Accounts payable 50,000 39,500 10,500 (I)
Income tax 5,500 12,500 7,000 (D)
Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

Answers

Answer:

Cash flow from Operating Activities

Net income                                            115,000

Add Depreciation                                  55,000

Add Income tax                                      45,000

Decrease in Accounts receivable           6,000

Increase in Inventory                            (22,500)

Decrease in Prepaid rent                        2,500

Increase in Accounts payable               10,500

Cash Generated from Operations        211,500

Income tax paid                                    (38,000)

Net Cash from Operating Activities     173,500

Explanation :

The operating activities section of the statement of cash flows shows the Cashflow results from the Operating or Normal trading business of the organization.

Which type of risk is most likely to be insurable?

Answers

Answer:

Pure risk is the only type of risk that is insurable because there is only the chance of loss. The Law of Large Numbers allows the probability of loss to become more predictable.

Explanation:

Budgets are created to be used on a short-term basis. Which of the following is true about budgets?

A. They encompass the entire organization.

B. They are used for specific projects.

C. They are released quarterly.

Answers

Answer:

they encompass the entire organisation

Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is

Answers

Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is 500 $.

What are the Variable costs?

Variable costs are costs that change depending on the amount of a good or service the company produces. Variable costs are the sum of all marginal costs throughout all produced units. They could also be viewed as regular expenses. Variable costs are the two components of the total cost.

Variable costs fluctuate depending on how much product is produced. Variable costs include, for example, labor, commissions, and raw materials. The number of fixed expenses is constant regardless of the degree of production. Lease but also rental payments, insurance, including interest payments are examples of fixed costs.

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Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $10 13 Sale 180 units 22 Purchase 360 units at $12 29 Sale 300 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places. $ per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places. $ c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places. $ PreviousNext

Answers

a. To calculate the weighted average unit cost after the October 22 purchase, we need to calculate the cost of the goods available for sale and divide it by the total number of units available for sale.

First, let's calculate the cost of the goods available for sale:

Oct. 1 inventory: 320 units x $10 = $3,200

Oct. 22 purchase: 360 units x $12 = $4,320

Total cost of goods available for sale: $3,200 + $4,320 = $7,520

Next, let's calculate the total number of units available for sale:

Beginning inventory: 320 units

Oct. 22 purchase: 360 units

Total units available for sale: 320 units + 360 units = 680 units

Finally, we can calculate the weighted average unit cost:

Weighted average unit cost = Cost of goods available for sale / Total units available for sale

= $7,520 / 680 units

= $11.06 per unit (rounded to two decimal places)

Therefore, the weighted average unit cost after the October 22 purchase is $11.06 per unit.

b. To determine the cost of goods sold on October 29, we need to multiply the number of units sold by the weighted average unit cost.

From the information given, 180 units were sold on October 13 and 300 units were sold on October 29, for a total of 480 units sold.

Using the weighted average unit cost calculated in part (a), we have:

Cost of goods sold = 480 units x $11.06 per unit

= $5,308.80 (rounded to two decimal places)

Therefore, the cost of goods sold on October 29 is $5,308.80.

c. To determine the inventory on October 31, we need to subtract the number of units sold from the total units available for sale and then multiply that by the weighted average unit cost.

From the information given, 180 units were sold on October 13 and 300 units were sold on October 29, for a total of 480 units sold.

Total units available for sale: 680 units

Units sold: 480 units

Units in inventory on October 31: 680 units - 480 units = 200 units

Using the weighted average unit cost calculated in part (a), we have:

Inventory on October 31 = 200 units x $11.06 per unit

= $2,212 (rounded to two decimal places)

Therefore, the inventory on October 31 is $2,212.

Which of the following should be followed when writing a bad new statement.

Answers

The guideline that should be followed while writing a bad-news statement is option B. A bad-news statement should not subordinate the refusal.

When writing a bad-news statement, it is important to adhere to certain guidelines in order to convey the message effectively while maintaining professionalism and empathy.

Subordinating the refusal means placing the negative or disappointing news within a subordinate clause or sentence, rather than directly addressing it. This approach is often seen as evasive or unclear, as it can confuse the recipient and lead to misinterpretation or frustration. Therefore, it is recommended to state the bad news directly and explicitly.

By clearly and directly stating the bad news, you demonstrate transparency and respect for the recipient's time and emotions. It allows the recipient to comprehend the message without having to decipher subtle hints or implications. Directness also minimizes the potential for misunderstanding or confusion, ensuring that the intended message is effectively conveyed.

However, while directness is important, it is equally crucial to deliver the bad news with tact, sensitivity, and empathy. Along with the bad news, it is helpful to provide a clear explanation, justification, or alternative options to soften the impact. This approach demonstrates understanding and consideration for the recipient's feelings and fosters a more positive perception of the communication, despite the negative content.

In conclusion, when writing a bad-news statement, it is essential to avoid subordinating the refusal and instead deliver the news directly. By doing so, you promote transparency, clarity, and effective communication while balancing it with empathy and sensitivity towards the recipient. Therefore, Option B is Correct.

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The question was Incomplete, Find the full content below:

Which of the following guidelines should be followed while writing a bad-news statement?

a. A bad-news statement should be included in the opening paragraph.

b. A bad-news statement should not subordinate the refusal.

c. A bad-news statement should always be presented indirectly.

The essence of self-management is understanding who you are, what you want in life, what you want to accomplish during your life-long journey, and then making it all happen. This pursuit of your dreams or goals is what drives the self-motivation employers are looking for. How will you apply the principles of self-management on a daily basis?
a) Identify a simple, quick goal to get you started.
b) Take your goals and make long-term, sustainable activities.
c) Create a to-do list for accomplishing your goals.
d) Prioritize the tasks and keep only the high priority ones so you stay focused.
e) Work the plan, but only reward yourself when it is finished.

Answers

The best way to apply the principles of self-management daily is by creating a to-do list for accomplishing your goals.

Self-management is a term that refers to the use of any method, skill, and strategy in an autonomous way focused on the achievement of its objectives.

Self-management requires that the person have control over all processes to achieve a goal. Therefore, it must be in charge of the following processes autonomously:

Goal settingPlanningProgrammingFollow-up assignmentsSelf-appraisalSelf-interventionSelf-development

To achieve a goal the person must work daily to achieve it, therefore, the best option would be to create a list of pending activities (focused on the objective) and carry them out in a complete and organized way. According to the above, the correct answer is C. because it poses the best alternative for a person's self-management.

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What is the difference between final goods and intermediate goods?

Answers

A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.

B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.

Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:

1. Final Goods:

Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.

2. Intermediate Goods:

Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.

The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.

It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.

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listen here lads i need a sonnet about food or cars or sports or video games mainly rocket league o cod

Answers

Answer:

what?

Explanation:

Answer:

rocket league, rocket league, rocket league

the game that i play every day

the game that is totally yay

that game that we all know is the way.

when i play everyday and my mom says,

"Hey get off that game

and enjoy the beautifal day

before the sun comes down

or you'll rot your brain!"

i remember myself that rocket league is

the game that i play everyday

the game that is totally yay

that game that we all know is the way  

                                                                 -114321

Explanation:

de end XD

Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,006,000 and sales for the year total $11,410,000.
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
a. $
b. $
c. $
d. $

Answers

A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.

To be increased by $14,925

B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.

To be increased by $29,900

C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.

To be increased by $80,575

D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.

To be increased by $36,500

What is Bad Debts?

Bad debts is the account that reduces the balance of the accounts receivable accounts, the bad debts is an expense account. These are the estimated amount of receivables that will not be received by the company and so is accounted as an expense and deducted from the net accounts receivable.

A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.

To be increased by $14,925 (($11,410,000 * 1% * 1 / 4 ) - $13,600)

(Sales * 1% * 1/4) - Debit balance of allowance account)

B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.

To be increased by $29,900 ($43,500 - $13,600)

(Closing balance of doubtful account - opening balance)

C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.

To be increased by $80,575 ($11,410,000 * 1% * 3 / 4) - $5,000)

(Sales * 1% * 3/4) - Debit balance of allowance account)

D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.

To be increased by $36,500 ($41,500 - $5,000)

(Closing balance of doubtful account - opening balance)

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promotional Scavenger

Answers

Example of incentives promotion could be offering a discount or a special promotional price for a limited time to encourage immediate purchase.

Hence, a person who constantly seeks out these promotions is caalled a Promotional scavenger.

What is promotion?

Promotion in marketing refers to any sort of marketing communication that is used to enlighten target audiences about the relative qualities of a product, service, brand, or problem, and is usually persuasive in nature.

Revenue promotions can assist your firm acquire new clients in addition to raising immediate revenue. Encourage repeat purchases and loyalty. acquire insights about customer behaviors.

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Which of the following financial institutions is a not-for-profit organization?

Commercial Bank
Commercial Bank

Credit Union
Credit Union

Savings and Loan
Savings and Loan

All of the these are correct since financial institutions do not make profits

Answers

Answer:

Credit Union

Explanation:

A not for profit organization means the organization whose main goal is not to make the profit. Here the main goal is to provide the services for a particular services or to give the benefit to the people.

Like the financial services give to the members of the credit union

Therefore as per the given options, the second option is correct

Credit Union is a financial institution that is not for profit organization.

Credit union functions to serve the members by offering the products at affordable rates and fees. The credit union changes the interest fees into products it offers in this way the credit union is not for profit organization. Other financial institutions like commercial bank, savings and loan, banks give these profits to its shareholders.

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On January 1, 2017, Fisher Corporation purchased 40 percent (74,000 shares) of the common stock of Bowden, Inc. for $980,000 in cash and began to use the equity method for the investment. The price paid represented a $66,000 payment in excess of the book value of Fisher's share of Bowden's underlying net assets. Fisher was willing to make this extra payment because of a recently developed patent held by Bowden with a 15-year remaining life. All other assets were considered appropriately valued on Bowden's books.

-Bowden declares and pays a $94,000 cash dividend to its stockholders each year on September 15. Bowden reported net income of $408,000 in 2017 and $356,000 in 2018. Each income figure was earned evenly throughout its respective year.
-On July 1, 2018, Fisher sold 10 percent (19,500 shares) of Bowden's outstanding shares for $328,000 in cash. Although it sold this interest, Fisher maintained the ability to significantly influence Bowden's decision-making process.

Required:
Prepare the journal entries for Fisher for the years of 2017 and 2018.

Answers

Answer:

Investment in Bowden Inc. (Dr.) $980,000

Cash (Cr.) $980,000

Dividend receivable 94,000 * 40% (Dr.) $37,600

Investment in Bowden (Cr.) $37,600

Cash (Dr.) $37,600

Dividend Receivable (Cr.) $37,600

Investment in Bowden 408,000 *40% (Dr.) $163,200

Income From Bowden (Cr.) $163,200

Investment in Bowden 365,000 * 6/12 * 40% (Dr.) $71,200

Income from Bowden (Cr.) $71,200

Investment in Bowden 365,000 * 6/12 * 10% (Dr.) $17,800

Income from Bowden (Cr.) $17,800

Cash (Dr.) 328,000

Gain on Investment (Cr.) $69,756

Investment in Bowden (Cr.) $258,243

Explanation:

Gain on investment in Bowden :

Investment value $980,000

Total number of shares 74,000

Per share value 980,000 / 74,000 = 13.24

Sold 19,500 shares

Value of shares sold : 19,500 shares * 13.24 per share = $258,243

Sale price for shares = $328,000

Gain on Sale of investment = $69,756

Blank and blank is another word for networking

Answers

"Socializing" and "Connecting" are other words that can be used to describe networking.

In recording the acquisition cost of an entire business: goodwill is recorded as the excess of cost over the fair market value of identifiable net assets. assets are recorded at the seller's book values. goodwill, if it exists, is never recorded. goodwill is recorded as the excess of cost over the book value of identifiable net assets.

Answers

"You record acquisition costs on a company's balance sheet under the fixed assets section. The total cost included on the balance sheet includes all costs incurred to use the asset, including costs associated with getting the asset working and producing"

Peeples, Inc., has a book value of equity of $13,500. Long-term debt is $7,700. Net working capital, other than cash, is $1,990. Fixed assets are $18,450 and current liabilities are $1,670.

A) How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

B)What is the value of the current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Answers

Answer:

hope you like my answer

Explanation:

Peeples, Inc., has a book value of equity of $13,500. Long-term debt is $7,700. Net working capital,

What was your largest contributor from indoor water? Why?

I need description

Answers

Estimates vary, but, on average, each person uses about 80-100 gallons of water per day, for indoor home uses. Are you surprised that the largest use of household water is to flush the toilet, and after that, to take showers and baths?

Sixx AM Manufacturing has a target debt--equity ratio of 0.56. Its cost of equity 15 percent, and its cost of debt is 11 percent. If the tax rate is 32 percent, what is the company's WACC

Answers

Answer:

12.3%

Explanation:

Calculation for what is the company's WACC

WACC = 0.15(1/1.56) + 0.11(0.56/1.56)(1 - 0.32)

WACC=0.15(0.64)+0.11(0.36)(0.68)

WACC=0.096+0.026928

WACC= 0.123*100

WACC=12.3%

Therefore the company's WACC will be 12.3%

How do you define a small business? Not the textbook definition but how you define it in your own words. List several small businesses in your local area and evaluate what makes them a small business and how you know. What impact do these small businesses have on your local economy? Explain.

Answers

Small business  can be described as the business that is been privately owned corporation and can as well be a  partnership, or sole proprietorship , and this business usually consist of small number of employees  which do consist of less annual revenue compare to  corporation or regular-sized business.

List several small businesses in your local area are:

Personal Trainers Site building and web design.Local Auto Repairs.

The impact these small businesses have on your local economy is that it help the economy because  Small businesses serves as the  important economic engine since it serves as the back up .

What is a business?

Small businesses  can be described as the one that help the  local economies  because it bring about the growth as well as the  innovation into the community that the  business is been established.

In conclusion, Business  can be described as the organization  as well as enterprising entity which focus on making profit by engaging in the production or selling of products as well as services.

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Put a check next to ALL the expenses listed below that would qualify as General and Administrative Expenses.

Answers

The following expenses are examples of what would count as general and administrative costs.

the price of sending every manager to a retreat for leaders.

Annual dinner for worker gratitude

Bills for your facility's gas, water, and electricity.

Depreciation

retainers for attorneys

Reason: General and administrative costs are those that cannot be directly linked to activities related to sales or manufacturing.

two salespeople's travel costs attend a sales training course. Pay and benefits for the production team. (Related to sales) Mileage reimbursement for salespeople using their own vehicles (production-related) (Sales related.)

Is depreciation a cost of doing business?

In some situations, depreciation qualifies as an administrative cost. Depending on the assets that are depreciating, a company might treat it as a selling expense.

What kinds of costs fall under the general and administrative category?

Building rent, consultancy fees, depreciation on office furnishings and equipment, insurance, supplies, subscriptions, and utilities are a few examples of general and administrative (G&A) costs.

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