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3 years ago

intext:"The adjusting entry at the end of an accounting period to record the unpaid salaries of employees for work provided is"

Business

1 answer:

Minchanka [31]3 years ago

3 0

Answer:

A debit to Salaries Expense and a credit to the Salaries Payable Account.

Explanation:

This adjusting entry brings the salary expense account to its accrued balance in line with the accrual concept and matching principle of generally accepted accounting principles. These state that expenses and revenues should not reflect only the cash basis but the accrual basis, whereby unpaid or prepaid expenses, deferred or unpaid revenues that relate to the accounting period are brought into consideration.

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The practice of using team selling to focus on important customers so as to build mutually beneficial, long-term, cooperative re

Fantom [35]

Major Account Management is the practice of concentrating on key clients in order to develop long-term, cooperative relationships that are mutually profitable.

Understanding who makes choices, who our rivals are, and how our product affects the customer's business are all important aspects of managing major accounts. Those in management should keep refining their analytical, networking, and questioning skills.

Since success does not just happen, any important account needs to be managed. Organizing a regular review meeting with the customer, educating the account staff to better understand the customer, handling issues and managing complicated projects are all examples of managing. When I say manage, I mean performing all those actions that make things run smoothly. We will significantly boost our chances of long-term, sustainable success if we put a lot of effort into each of the account management areas and if we earn our consumers' confidence.

Learn more about Major Account Management here

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2 years ago

_____ has been defined as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements

8_murik_8 [283]

Answer: Business process re-engineering

Explanation: In simple words, business process re-engineering refers to the process in which an organisation tries to restructure and change the process or methods of operations for smooth functioning of the business.

It is modern technique that are used by the firms in the industries which have high competition and are strongly interdependent on other firms in the industry.

5 0

3 years ago

Recognizing something as a revenue instead of as a liability has a positive effect on the reported financial statements because:

Pani-rosa [81]

Revenue and liability has influence on reported financial statements because;

it understates liabilities
it overstates revenues

<h3>What is revenue and liability?</h3>

Revenue serves as the money that is been generated by the company as a profit while a liability serves as future sacrifices of economic benefits.

However, recognizing something as revenue instead of liability is dangerous because it can results in overstated net income.

Learn more about revenue at;

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2 years ago

Project management is not without its critics. As you have read, project management has experienced noteworthy failures in imple

Gnesinka [82]

Answer:

The factors that cause the failure of project management to achieve its goals include the following:

1. The scope of some projects are not well-defined and detailed.

2. Some project managers lack the required project and administrative experience, exposure, and training needed for successful project planning and implementation.

3. Some project managers do not identify the critical project risks from the beginning.

4. Projects that lack formal methods and strategies often fail.

5. It has been established that some project managers and their teams are not well-motivated to deliver their projects, leading to key staff abandoning the company and the projects mid-way.

6. Successful projects require detailed documentation and planning, the setting of deadlines, and the tracking of progress.

7. Leadership is key to effective project management. Without senior management or politicians' buy-in, some projects face massive failure.

Explanation:

Project management starts from the home to the larger society. It involves a fundamental application of process knowledge, management skills, technical tools and key deliverables, and various techniques to project activities in order to meet project goals and requirements. Project managers and organizations that must achieve success should understand the causes of project failure.

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3 years ago

Laura is carefully estimating the time required for each phase of a proposed system development project to see if her company ca

PilotLPTM [1.2K]

Laura is checking on schedule feasibility.
She is doing everything in order to see whether each phase will run smoothly and according to her schedule. She wants to see if her schedule is possible at all, which is why she is making a timetable to prove her hypotheses.

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3 years ago