Answer:
When Larry and Bobbie first opened the bakery, labour allocation was not as complicated, but only 2 of them were involved. Larry used to make the cupcakes, and Bobbie used to decorate them to create them seem nice. Merritt's then went on to commit and administer the firm instead of executing tasks, which they used to perform on a daily basis since there were administrators, sales associates, and marketers.
When the firm began to grow, there was a command structure in place, with employees reporting directly to Larry as well as Bobbie. Merritts began recruiting additional executives as the business's effectiveness began to deteriorate as the firm grew, and management was constricted. When new employees joined the leadership team only a few people used to notify Larry and Bobbie.
Their salaries are DIRECT EXPENSES. Direct expenses refers to expenses incurred which vary directly with changes in the quantity of cost objects. Cost objects are items for which expenses are measured such as costs of materials used to manufacture a product.
Answer:
wholly owned subsidiary
Explanation:
A wholly-owned subsidiary is a form of subsidiary arrangement, between two companies, whereby a company is completely owned or its whole stock is bought by another company often referred to as Parent Company after the arrangement or the agreement of the acquisition.
It is also characterized by having control over its resources and specific mission, also operates independently.
Hence, in this case, the right answer is a wholly owned subsidiary
Answer:
A LOT of careers need math to operate them
Explanation:
Hope this helps
Answer:
The correct answer is A. Account payable 750 Cash 750.
Explanation:
This problem requires us to tell the accounting entry a business will make when making payment against offices supplies puchased on credit.
When the business has bought it it would have made following entry
Offices supplies debit 750
to payable credit 750
On settlement the business will make entry as mentioned in option A.
