Jose starts a small restaurant. On weekends, he works with his cousin to construct the tables, chairs, and counters that will go into the restaurant. What is the name given to the result of these efforts?
a. labor equity
b. owner labor
c. sweat equity
d. family ownership
c. sweat equity
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Lee, the CEO of Opal Inc., a digital media startup, holds a meeting with his employees, telling them he wants them to put 100 percent effort into their daily work. He adds that in every quarter the company meets its sales targets, employees will receive a $500 bonus. In this scenario, Lee's actions are most likely to improve
A. continuous learning. B. information systems. C. ethical behavior. D. employee engagement. E. critical thinking.
The following information relating to the current year was taken from the records of Poole Company: Beginning inventory200 units @ $110Purchase May 12100 units @ $120Purchase October 9150 units @ $125Sales360 units @ $180Required: a) Assuming that Poole uses the LIFO cost flow method, determine how much product cost would be allocated to cost of goods sold, and how much to inventory at the end of the year. b) Based on your results from part (a), calculate inventory turnover and average number of days to sell inventory. c) Assuming that Poole uses the FIFO cost flow method, determine how much product cost would be allocated to Cost of Goods sold, and how much to inventory at the end of the year. d) Based on your results from part (c), calculate inventory turnover and average number of
days to sell inventory. e) Compare your results from parts (b) and (d). Do LIFO and FIFO give the same results for inventory turnover? Which is higher, and why?
What will be an ideal response?
A manufacturers' agent represents manufacturers in some specified geographic area, while selling agents usually handle the entire output of one or more producers.
Answer the following statement true (T) or false (F)
Which of the following would be considered an advantage of operating one’s own business?
a. long hours b. increased family time c. risk d. irregular income e. personal gratification