<span>What is a good way to guard against disorderly cash records or cash loss? Prompt reconciliation of the bank statements. By reconciliation the bank statements quickly, it allows for quick correction of incorrect money dispersement to make sure the statements balance each other out. Making sure the accounting records are accurate is vital to a company and their cash on hand amount. </span>
Answer:
Legal fee paid = Asset
Driveway = Asset
Meat-grinding machine = Asset
Prepaid rent = Asset
Wages for construction of buliding = Asset
Wages for delivery truck = Expense
Answer:
A 2.9% pay increase in 2014 for U.S. workers will cause the AS (aggregate supply) curve to shift inward in the short-run, signaling a decline in the quantity supplied.
Explanation:
The supply quantity declines because a pay increase increases suppliers' cost of production and reduces their ability to produce more goods and services. On the contrary, a fall in workers' pay causes the aggregate supply curve to shift outward, thereby increasing the quantity supplied. In the long-run, the pay increase will increase aggregate demand, thereby pushing prices to increase, while, at the same, suppliers try to increase the quantity supplied to meet with increased prices and demand.
Answer:
As a result of operations, there will be an understatement of McGinnis’ net income for the most recent fiscal year of 30900
Explanation:
Services 40900
Weekly wage 10000
FY end on June 30900
The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made. Thus, you record revenue only when a customer pays for a billed product or service, and you record a payable only when it is paid by the company
Answer:
The correct answer is option A.
Explanation:
Sustainability can be basically defined as the ability to last constantly.
The theory of sustainability tries to describe a type of society and economy that is long lasting and can be lived on a global scale.
Sustainability in business is the proposition that if the companies act responsibly towards the environment and the society, they will be able to outperform their peers. When they focus on the world's problems and see them as marketing opportunities they will be able to perform better than their peers.
