Answer:
generic goods.
Explanation:
Generic goods -
It refers to the type of packaging , where only the type of product present inside the packet is written , rather than specifying the name of the brand , is referred to as generic goods .
For example ,
Mentioning the package with rice , cola , beans etc. , is the example of generic food .
Hence , from the given scenario of the question ,
The correct answer is generic goods .
Answer:
Ken owns a food services company and recently negotiated a contract with a new restaurant chain. the satisfaction ken feels for this success is a(n)<u> intrinsic motivator.</u>
Explanation:
Intrinsic motivation can be defined as a kind of positivity in a person which he/she feels by doing any work of their choice. The person is satisfied internally with the work he or she chooses to do. In intrinsic motivation, the person is motivated to do a work that will satisfy himself/herself rather than satisfying any external source.
For example: In the above question, Ken is satisfied because she runs a food service company to make herself happy and she negotiated a contract because she cares to do anything that makes her satisfied rather than any other person.
Answer:
D - Assets: No Effect, Liabilities: No Effect, Stockholders Equity: No Effect
Explanation:
According to the ALLOWANCE METHOD, when an account receivable is written off as uncollectible, the record is: Debit on Allowance for Doubtful Accounts and credit on Accounts Receivable for the same amount. Allowance for Doubtful Accounts has credit balance, because is a contra-asset account, and Accounts Receivable has debit balance so the accounting entry has no effect on the total amount of asset and don´t affect the others components of the financial statements. The expense was recorded when the Allowance for Doubtful Accounts was recognized against Bad Debts Expense at the end of the previous accounting period.
Answer:
D
Explanation:
The cost of retained earning is unrelated to cost of borrowing money and as such it will be unreasonable to compare the two. However, it's true that retained earning comes from past profit and it will be easier to plough back retained earning than going for external borrowing.
That information means the accounts are out of balance. It happened because there is probably an error that has been made previously. This happens because if $55,800 is subtracted by $77,520 it will result in an imbalance and create a loss.
An income statement is a financial document that must be owned by a company after the balance sheet and cash flow. From the report, you can see how much income and expenses are borne by the company in a certain period of time. In addition, the income statement also has several benefits as below:
Informing the total tax to be paidProvide profit or loss informationCompany evaluation referenceSee company efficiencyBe the basis for making a decision
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