Answer:
Explanation:
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Answer:
Option C. A debit to Equipment for $620, a credit to Cash for $140, and a credit to Accounts Payable for $480.
Explanation:
The reason is that the equipment has been acquired by the business which is worth $620 and this means that the equipment which is asset in nature must be increased by it fair value which is $620. The purchase of equipment requires the payment of $140 at the spot which means that the cash asset will be reduced by $140 and the remainder $480 will be paid in future which means that the current liabilities will be increased by $480.
Increase in Equipment (fixed asset) is debited by $620.
Decrease in Cash (asset) is credited with $140.
Increase in current liability is always credited and in this case must be credited with $480.
Journal entry in nutshell is as under:
Dr Equipment $620
Cr Cash Account $140
Cr Accounts Payables $480
Having connectivity and visibility to all partners in a firm's supply chain can be accomplished through the use of: a Cloud-based communication systems.
<h3>What is Cloud-based communication systems?</h3>
Cloud- based communications system can be defined as the way of using internet to communicate or transmit data.
Most companies tend to make use of cloud communication to communicate by making internet phone calls and this is normally done by a hosting service which serves as a third party.
Inconclusion having connectivity and visibility to all partners in a firm's supply chain can be accomplished through the use of: a Cloud-based communication systems.
Learn more about Cloud-based communication systems here:brainly.com/question/14570199
Explanation:
Blame shifting or differences in departments that are linked in the project might arise where specific resources are assigned tasks in tight time frames. Since resources are specified, this might also lead to professional jealousies, if one resource is working well than the other. This can also hamper team building ideology in the organization, where the fast pacers will feel better than those who didnt perform well in that specific project and negate working with them in future
When the product is not compatible with existing habits
