Impact Of Unemployment The unemployment in any nation have the following effects on the economy: The problem of unemployment gives rise to the problem of poverty. The government suffers extra borrowing burden because unemployment causes a decrease in the production and less consumption of goods and ...
and each item will be expressed as a percentage of the sales. use of common size income statement it helps the business owner in understanding the following points whether profits are showing an increase or decrease in relation to the sales obtained. percentage change in cost of goods that were...
The executive is the final judge of the nature of the threat to the security of the country. It has the prime responsibility to take all such steps as are needed in the interest of the security and integrity of the state. The chief executive of the state is also the supreme commander ...
cogs where cogs represents the cost of goods sold. operating profit a business’s operating profit tells what is the contribution of the company’s operations to its profitability. the operating profit is basically the ratio of operating income and sales revenue. the formula to calculate the ...
Creation of Employment-Entrepreneurship generates employment. It provides an entry-level job, required for gaining experience and training for unskilled workers. Innovation-It is the hub of innovation that provides new product ventures, market, technology and quality of goods, etc., and increase the ...
In direct variation, increase or decrease in one quantity will cause an increase or decrease in another quantity. For instance, an increase in the number of goods will cost more price. Also, the amount of work done by a single man will be less than the amount of work done by a group ...
Quality of goods and services: A business which is providing a higher quality of goods and services stands a great chance of earning more goodwill than competitors who provide inferior goods and services. Efficiency of management: An efficient management results in increase in profit of the busines...
it examines the transaction of all the exports and imports of goods and services for a given period. it helps the government to analyse the potential of a particular industry export growth and formulate policy to support that growth. it gives the government a broad ...
of commerce articles classification of expenditure classification of expenditure expenditure definition expenditure is referred to as the act of spending time, energy or money on something. in economics, it means money spent on purchasing any goods or services. there are two categories of expenditures ...
the cost of goods is rs 10 and the cost of labour to manufacture the item is rs. 5. the sales price of the item is rs. 50. reasoning: from the above statement, it can be said that the item will provide a good profit for the stores selling it. deductive reasoning the principal of...