Which is the result of entering a debit in an expense account?

Petra, a plant manager, received an e-mail from the CEO stating that the company will now be focusing on customer service. The e

svp [43]

Answer:

Petra,a plant manager ,received an e-mail from the CEO stating that the company will now be focusing on customer service.The e-mail also stated that all plant managers need to implement this policy and coordinate the activities related to this strategy for their lowest level mangers.Petra is a <u>middle level manager.</u>

<u>Explanation</u>: Middle level managers extract the information from top level managers who are above them and supervisors who are below them.They give data and facts back in the organisation.They act as a connecting link between top and lower level of management.

Middle level managers are responsible for making any changes needed in an organisation.They look after day to day routines and make sure everything is in accordance with the requirements of the concern.

Middle level managers needs to have following skills:

They must have ability to hire good individuals for concern
Very good communication skills
They must have ability to delegate
They must be capable of making strong decisions.

4 0

3 years ago

Merchandise inventory is found on the balance sheet as a a. current asset. b. long-term asset. c. long-term liability. d. curren

scoray [572]

Answer:

a. current asset

Explanation:

The merchandise inventory are the goods the business sales as their main operation. They are expected to be ready to sale therefore, ready to be converted to cash within the period, therefore will be current assets.

Unless the company do an specific mention and a certain amount of goods that will expected to be sold in a period of time greater than a year, all merchandise inventory will be current. These specific units will be considered non-current as their are expecteed to be converted to cash i na period greater than 1 year.

7 0

3 years ago

Drag the tiles to the correct boxes to complete the pairs. For each scenario match it to the correct factor describing the purpo

lord [1]

The purpose for holding money in economic in classified into:

transactional motive
precautionary motive
speculative motive

<h3>The Drop-downs includes:</h3>

When price levels rise, people hold onto cash. - Speculative motive

When interest rates are low, people forgo interest income - Speculative motive

When aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.

When interest rates are low, people speculate that they will soon increase - Speculative motive

Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motive

Ben is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motive

Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. - Transactional motive

Daphne is holding onto her money as she feels that the interest rate will go up soon - Speculative motive