Answer:
Lopez Sales Company
1. The gross margin recorded by Lopez is as follows:
Sales total = $81,600
Deducting cost of sales = $38,400
Gross Margin = $43,200
2. The gain on the land sale recognized by Lopez amounts to:
Land details:
Selling price = $81,000
less cost = $43,200
Gain on sale = $37,800
Explanation:
a) The gross margin represents the difference between the selling price and the cost price of a good. It indicates profit prior to accounting for operational expenses to determine net income or margin.
It gauges whether the business can generate sufficient income to meet typical operating costs such as rent, utilities, and employee wages.
b) The gain from the sale of any capital asset is the difference between the selling price and the book value (cost). Such a gain is separately presented in the income statement and may be subject to capital gains tax.
Embedding culture. Cultivating culture involves defining leadership styles, role modeling, education, and coaching. This is evident in how rewards and recognition are allocated, as well as in recruitment, selection, promotion, and expulsion criteria.
Answer:
Using and carrying a premium credit card like the American Express Centurion Card fulfills needs at which tier of the Maslow hierarchy?
Esteem level.
Explanation:
The Maslow hierarchy of needs is a psychological model comprising five levels arranged in a pyramid format. The lower tiers consist of basic needs that must be addressed before tackling those higher up. These foundational needs typically include physical requirements such as food, shelter, and security, whereas the higher tiers aim to enhance a person's overall quality of life. They encompass aspects like safety, love, basic needs, and self-actualization.
The hierarchy can be divided into two categories: deficiency needs and growth needs. The initial four levels correspond to deficiency needs, while the top level is characterized as a growth need. Deficiency needs stem from a lack or deprivation, while growth needs originate from a potent desire to improve and excel. The five levels are physiological, safety, love and belonging, esteem, and self-actualization.
In this scenario, an individual possessing a high-end credit card is likely motivated by status, placing them firmly within the esteem level of Maslow's hierarchy.
Answer:
A. Nonprogrammed; reflective; programmed; reactive
Explanation:
Decisions that are programmed tend to happen more often and are executed swiftly, nearly automatically, without requiring extensive contemplation, thanks to what we refer to as the reactive system.
On the other hand, nonprogrammed decisions arise in unique or unfamiliar circumstances and necessitate more profound contemplation and comprehension of the matter at hand. These decisions are analyzed using the reflective system of the brain.
Thus, the accurate response is A. Nonprogrammed; reflective; programmed; reactive
<span>If the hourly wage rises by ten percent next week while keeping all other expenses unchanged, the total payroll variance will increase by ten percent as well. This conclusion is based on the findings from the Smith BBQ Restaurant report.</span>
