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natali 33 [55]
3 years ago
9

Match each role on the left with its corresponding description on the right.

Business
1 answer:
Mariulka [41]3 years ago
7 0

Answer:

1. Book keeper: Carol, an employee of Fresh Café, documents all of its monetary transactions

2. Shareholder: Kyle purchased $1,500 of stock in Computers 'R Us

3. Auditor: B. Kim, an outside contractor, objectively analyzes Flip's Clothing Boutique's accounting processes and data

4. Controller: Charlie oversees all of Groove Market's financial reporting and accounting

Explanation:

1. A bookkeeper oversees a company’s financial data by maintaining books on accurate information such as payroll, accounts receivables, accounts payables and any other financial transactions and reconciliation.

2. A shareholder, also known as a stockholder is a person or other entity who owns at-least one share of a company’s stock or equity.

3. In auditor is a person who is responsible for evaluating the accuracy and reliability of a company’s financial statements. Auditors can be internal or external. Internal auditors are those who audit the financial statements of the company they exist in and external auditors are those from outside audit firms who are hired to evaluate another company’s financial information.

4. A controller in an individual who has responsibility for all accounts-related activities including financial, managerial and high level accounting.

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Rushmore Company provided services for $45,000 cash during Year 1. Rushmore incurred $36,000 of operating expenses on account du
laila [671]

Answer:

The amount of the net income shown on the income statement is $9,000

Explanation:

The computation of the net income is shown below:

Net income = Services provided for cash =  operating expenses incurred

= $45,000 - $36,000

= $9,000

According to the matching principle, the revenues of a particular period should always be matched with the expenses that are incurred in that particular year

So, the net income that is to be reported on the income statement is $9,000

Note: Options are shown in the attachment

6 0
4 years ago
Evan has received permission from his state to form a corporation for his startup, expecting his liability would be limited to t
vekshin1

Answer:

Evan's business has no credit history.

Explanation:

As Evan has just created the company, it has no record about its ability to pay debt which is important for a bank to give a loan and it will not be willing to approve it if the company has no credit history that shows that it can make the payments. Because of that, it will require Evan to assume personal liability in order to have a guarantee that the loan would be paid back.

7 0
3 years ago
The Minnesota legislature passed a law requiring that employers allow each employee adequate time within each four consecutive h
Reika [66]

Answer: a statute

Explanation:

Minnesota legislature passed a law requiring that employers allow each employee adequate time within each four consecutive hours of work to utilize the nearest convenient restroom. This law is a statute.

A statute is simply a written law that has been passed by a legislative body. It is a specific statement that the legislative body has approved and also endorsed by an executive body.

5 0
3 years ago
The basic economic cost of unemployment is forgone ______. Multiple choice question. inputs output supply labor
Elena L [17]

Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.

<h3>Forgone labour output </h3>

Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.

The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.      

Learn more about Forgone labour output here:  

brainly.com/question/16690539    

#SPJ4

4 0
2 years ago
George Steinbrenner transferred his passion for winning to everyone in the New York Yankees organization. His famous quote is, "
pshichka [43]

Answer: Leading function

Explanation: In the leading function of management, the mangers tries to influence the behavior of its subordinates to motivate them so that they work efficiently to achieve organisational goals. This function focuses on employees participation and motivation.

Thus, the quoting of George steinbrenner is an example of leadership as he is motivating others in the organisation.

7 0
3 years ago
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