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LuckyWell [14K]
4 years ago
10

Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.

Business
1 answer:
ASHA 777 [7]4 years ago
7 0

Explanation:

the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.

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Ballooshu, a large dairy cooperative, organizes its labor force into different divisions for the manufacture of butter, cheese,
diamong [38]

Answer:

B) Product departmentalization

Explanation:

Ballooshu is using product departmentalization because it is dividing the company according to product lines.

As a diarly cooperative, management probably believes that the most efficient form of organization is according to the products that it makes.

The cheese department will focus on producing cheese, the ice cream department will focus on making ice cream, the milk department will focus on the production of milk, and so on.

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A company billed a client for services performed on January 10. The customer paid one-half of the amount owed on January 20 and
snow_tiger [21]

Answer:

January 10

Explanation:

According to the revenue recognition principle of accrual accounting, revenue must be recognized when the earning process is completed. In this case, the earning process was completed on January 10 when the services were performed. The related cash inflows are not relevant at the time of considering service revenue.  

the journal entries should be:

January 10, 202x

Dr Accounts receivable XY

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January 20, 202x

Dr Cash 0.5XY

    Cr Accounts receivable 0.5XY

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7 0
3 years ago
Why would applying to as many scholarships as possible reduce your student debt?
Anna35 [415]

Answer:

......................

7 0
2 years ago
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A market research agency needs to constantly improve its digital communications to keep up with the competition. In 2017 it spen
artcher [175]

Answer:  4) 110%

Explanation:

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= (525,000 - 250,000) / 250,000

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= 110%

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3 years ago
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