Answer:
6,500 ; $2,000
Explanation:
The computation of the gross margin for the year 2 is shown below:
As we know that
Gross margin = Sales - cost of goods sold
= $15,000 - $8,500
= $6,500
Now for retained earning, first we have to find out the net income for both years which are shown below:
For year 1
Sales 8,400
Less: Cost of goods sold ($4,300)
Less: Operating expenses ($3,800)
Net income $300
For year 2
Sales $15,000
Less: Cost of goods sold ($8,500)
Less: Operating expenses ($4,800)
Net income $1,700
So, the retained earnings is
= $300 + $1,700
= $2,000
We simply added the net income for the year 1 and year 2 so that the retained earning could come
If people have a high degree of organizational commitment one is more likely to want to stay with their current company.
Organizational commitment means the connection or the bond that the employees have with their organization or the employer. It all depends upon their psychology that more attachment they have with their employer or the organization more will they want to stay in it.
It defines different variables such as the job performance of the employees, turnover of the company or the employee employer relationship.
A model of commitment was given by Meyer and Allen in which they defined three types of commitment:
Affective commitment
Continuance commitment
Normative commitment.
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Answer:
Amortized loan
Explanation:
An amortized loan is a loan with scheduled periodic payments that are applied to both principal and interest. An amortized loan payment first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.
Interest is calculated based on the most recent ending balance of the loan and the interest amount owed decreases as payments are made. This is because any payment in excess of the interest amount reduces the principal, which in turn, reduces the balance on which the interest is calculated.
There are different organizations with different ways of management of resources and personnel. The answers to the questions is below;
In the organization that I had worked for, I can say they have a good management. They are very direct in their management, they make you understand your duties and they make sure all follow the process outline. There are often consequences if one fails to perform his or her duties but their management was great and it lead to the growth of the organization.
People in those organizations feel important because the organization value them, value their input and personal wellbeing as well as their growth.
I worked in the accounting/ sales management unit for some months and I can say it was a good experience for me as I got to known more about using good software that makes it easy to work. I did a get job from the onset of my work. The Managing director was happy and had to increase my salary in the first month.
I can say my experience was more of educative as I learnt a whole lot of things. The Experience of the others was a little different from mine but they both believe that they did grow intellectually and morally.
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