Answer:
In simple words, Prior to filing financial reports, extra journal entries, named correction reports, are produced to strengthen the financial documents of the organisation conform to the standards of revenue identification and alignment.
Adjustment entries are required since a single item might influence profits or expenditures over a span of more for one accounting cycle but also because not all transactions were automatically recorded over the time period.
Each change entry typically affects one financial report of revenue (a financial of income or expenditure) and one report balance sheet (an account of assets or liabilities).
Answer:
<u>Mixed economy</u>
Explanation:
Note that the command forces here represents socialism implying Governmental control of land resources, labor, capital and control of some industries.
The factors of production (land, labour, capital) in a mixed economy would indeed depend on the relative distribution of market forces versus command forces.
Answer: The answer would be d-technological
Explanation:
Answer: c. The firm's cash position in 2006 and 2007 would increase.
Explanation:
Depreciation expense is heavily dependent on the useful life of the asset. The longer the useful life, the smaller the depreciation expense because the equipment is being depreciated over a longer period.
If the useful life is reduced from 15 to 10 years therefore, the depreciation expense would increase.
The Cash position of a company is calculated by adding back the depreciation to the Net income after taxes are paid because depreciation is not a cash expense.
If the depreciation is now larger (which it is) and is added back to the Net income, the cash position will therefore increase.
Answer:
This a "scientific management" also known as Taylorism . The main approach of this school is reduce the waste to minimal and optimize workforce. Paying an employee per production will be a taylorism approach since you only pay for the effective production and if the employee wants to earn more money, the employee will have to improve his productivity in order to produce and earn more.
Explanation:
