All categories

1 year ago

True or false: society can attain a higher degree of specialization without the use of money than it can with money.

1 answer:

6 0

Society can attain a higher degree of specialization without the use of money than it can with money. The given statement is false.

In order to become more effective, specialization in business is concentrating on a single product or a small range of items. Specialization can boost productivity and give a company or economy a competitive advantage.

A speedier, more efficient workflow is the outcome of each person being able to give their particular task the degree of focus they are capable of. Through specialization, a worker can leverage their education and work history to speed up procedures and boost sales.

One nation might, for instance, be a specialist in growing coffee beans, giving it a competitive edge. Additionally, it can enable this nation to use its current resources to create a sizable quantity of high-quality coffee beans.

Learn more about specialization here

brainly.com/question/24448534

#SPJ4

You might be interested in

Imagine that you work at a store which sells computer components and you have been made the facilitator of a group whose long te

zubka84 [21]

I would give excellent customer service to every customer that walks in so they will spread the word that this store has great service, this will bring in more customers that need parts. I would also recommend to the manager to market the store by offering free gifts if they spend 50 dollars or more, or give out some sort of incentives, maybe a punch card, if you get 10 punches, you can have 50% off your next order.

6 0

3 years ago

Read 2 more answers

Jan wants to plan for her daughter’s education. Her daughter, Rachel was born today and will go to college at age 18 for five ye

melisa1 [442]

Answer:

Explanation:

ur multiplication is involved

8 0

3 years ago

Are responsible for verifying accuracy of their organization''s internal records and validating the accounting procedures.

7nadin3 [17]

INTERNAL AUDITORS are responsible for verifying accuracy ..........................
The activities performed by the internal auditors help a company to achieve its goals by employing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance.

5 0

3 years ago

Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her

levacccp [35]

Answer:

controlling, organizing, planning, and leading

Explanation:

From the question we are informed that Carol's manager is retiring and she will take over. And she will take over management position. Carol needs to have a general understanding of what it takes to be a manager. Therefore in this case, She will need to have knowledge about ✓controlling

✓organizing

✓planning

✓ leading

And all of these are managerial function which are managerial job role as regards to task-based perspective.

Organizing can be regarded as function of management which requires development of organizational structure as well as allocation of human resources so that objective of organization can be met

Planning which requires the manager to create plans so that goals and objectives can be achieved. It involves

delegation of responsibilities, allocation of employee resources

7 0

2 years ago

On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:

just olya [345]

The Adjusted Trial Balance of ACME Fireworks on January 31, 2021 is as follows and totals $517,300 on both sides.

Adjusted Trial Balance

January 31, 2021

Accounts Debit Credit

Cash $27,000

Accounts Receivable 188,400

Allowance for Uncollectible Accounts $ 600

Inventory 15,000

Land 59,000

Equipment 21,500

Redeemable Gift Cards 8,200

Accumulated Depreciation 2,800

Accounts Payable 86,800

Notes Payable (6%, due April 1, 2019) 63,000

Common Stock 48,000

Retained Earnings 27,900

Sales Revenue 280,000

Cost of Goods Sold 154,300

Salaries Expenses 52,100

Totals $ 517,300 $ 517,300

Data and Calculations:

ACME Fireworks General Ledger Account Balances

January 1, 2021

Accounts Debit Credit

Cash $ 26,400

Accounts Receivable 48,800

Allowance for Uncollectible Accounts $ 5,500

Inventory 21,300

Land 59,000

Equipment 21,500

Accumulated Depreciation 2,800

Accounts Payable 29,800

Notes Payable (6%, due April 1, 2019) 63,000

Common Stock 48,000

Retained Earnings 27,900

Totals $ 177,000 $ 177,000

Analysis of Transactions:

Jan. 2 Cash $8,200 Redeemable Gift Cards $8,200

Jan. 6 Inventory $148,000 Accounts Payable $148,000

Jan. 15 Accounts Receivable $136,000 Sales Revenue $136,000

Cost of Goods Sold $74,300 Inventory $74,300

Jan. 23 Cash $125,500 Accounts Receivable $125,500

Jan. 25 Accounts Payable $91,000 Cash $91,000

Jan. 28 Allowance for Uncollectible Accounts $4,900 Accounts Receivable $4,900

Jan. 30 Cash $10,000 Accounts Receivable $134,000 Sales Revenue $144,000

Cost of Goods Sold $80,000 Inventory $80,000

Jan. 31 Salaries Expense $52,100 Cash $52,100

Adjustments of the Trial Balance with Transactions:

Accounts Debit Credit

Cash $ 26,400 + 8,200 + 125,500 - 91,000 + 10,000 - 52,100

Accounts Receivable 48,800 + 136,000 - 125,500 - 4,900 + 134,000

Allowance for Uncollectible Accounts $ 5,500 - 4,900

Inventory 21,300 + 148,000 - 74,300 - 80,000

Land 59,000

Equipment 21,500

Redeemable Gift Cards 8,200

Accumulated Depreciation 2,800

Accounts Payable 29,800 + 148,000 - 91,000

Notes Payable (6%, due April 1, 2019) 63,000

Common Stock 48,000

Retained Earnings 27,900

Sales Revenue 136,000 + 144,000

Cost of Goods Sold 74,300 + 80,000

Salaries Expenses 52,100

Learn more: brainly.com/question/24872559

5 0

2 years ago