Answer:
Option b is correct
Explanation:
The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.
Answer:
A business management degree focuses more on planning and organizing, whereas a degree in business administration provides a broad background and then allows the student to focus on a specialized area of business
Explanation:
Business administration (also known as business management) is the administration of a business. It includes all aspects of overseeing and supervising business operations. From the point of view of management and leadership, it also covers fields that include accounting, finance, project management and marketing.
You are using money primarily as a : Store of value
Money as a store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern.
When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.
Other characteristics of money includes :
- Medium of exchange
- Unit of account
- Standard of value
Hence, you are using money primarily as a store of value if you place a part of your summer earnings in a savings account.
Learn more about functions of money here : brainly.com/question/25959268
Answer:
The journal entry to record the write down is:
Dr Cost of goods sold 1,000
Cr Inventory 1,000
Since cost of goods sold increases, then net income (income statement) will decrease. A decrease in net income will also result in lower retained earnings (balance sheet).
Answer: C $6,000
Explanation:
Accounting profit = Revenue - Explicit Cost
Revenue = 6000 × 2.5 = $15,000
Explicit Cost = $ 9,000
Accounting profit = $15,000 - $ 9,000 = $6,000
