The purchase and suppy of goods and services takes place in the product market.
Answer:
B $3000/year
Explanation:
The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year
Answer: $129,500
Explanation:
According to the Accrual Basis in Accounting, revenue and expenses should only be recognised when goods have been delivered.
On the December 31, 2020 Sandra's Boutique had 1,850 gift certificates outstanding but these had been sold already to people during the year for $70.
This means that they have been paid for a service that they have not given (they provide the service when the GIFT certificate is renewed).
They cannot therefore recognize the revenue as Revenue yet and have to defer it.
The amount to be Deferred will therefore be,
= 1,850 * $70
= $129,500
Answer:
delegation of authority
Explanation:
Louise projects a part of the work to her subordinates, and this is referred to as the delegation of authority. Her job duty is to delegate tasks to subordinates efficiently, and it shouldn't be considered as a way of putting in less effort. A manager (especially a project manager) has the duty of segregating the project into chunks and efficiently delegating it to colleagues.
