Answer:
The answer is below
Explanation:
The Four functions of management are:
1. Planning: this is the process of setting out a plan by the management team that involves the goals and the template or means to achieve those goals.
2. Organizing: this is a process of organizing the resources; both human and material resources, that are deemed essential to the realization of the set out plans or goals.
3. Leading: this is a process of ensuring all the team members work together to achieve the main goals or set out plans.
4. Controlling: this is a process that involves constant checking, evaluation, and monitoring activities to ensure the ongoing performance meets the actual plans and will eventually yield to the goal.
Answer:
Fraud Investigators Inc.
Date Particulars Debit Credit
31 Mar Accounts Receivable $ 17,000
Service Revenue $ 17000
On March 31, 10 customers were billed for detection services totaling $17,000
31 October Bad Debts $1100 Dr.
Allowance for Doubtful Debts $ 1100 Cr
When Allowance for Doubtful Debts is created .
<em>At the year end this adjusting entry would be passed . This is an adjusting entry and is not passed on 31st October. It is recorded on the year end.</em>
<em> Allowance for Doubtful Debts $ 1100 Dr.</em>
<em> Accounts Receivable $ 1100 Cr</em>
<em />
<em />
Dec 15 Allowance for Doubtful Debts $ 720 Dr
Bad Debts $ 720 Cr
Recovery Of Bad Debts
<em />
Dec 31 Bad debts $ 420 Dr
Allowance for Doubtful Debts $ 420 Cr
On December 31, $420 of bad debts were estimated and recorded for the year
Answer:
Paid wages will reduce the net income as an expense. Net income becomes Retained earnings which are added to Equity. Paid wages will therefore <u>reduce the Equity </u>in the accounting equation.
Outstanding wages however, will be transferred to a liability account to show that the company owes those wages. This will therefore <u>increase the liabilities</u> in the accounting equation.
Law of supply and demand, increase, down, decrease
Answer:
C. useful analytical measures
Explanation:
Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are useful analytical measures