Answer:
Authority - Responsibility Balance & Incentive Development.
Explanation:
Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.
Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.
For Eg : A manager given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.
Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.
Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.
Answer:
Adjustment balance will be $13800
Explanation:
We have given estimated uncollectible accounts are $11,000
And doubtful account is $2800
We have to find the balance after adjustment
Balance after adjustment will be sum of uncollectible accounts and doubtful account
So the adjustment balance will be equal to $11000 + $2800 = $13800
So the adjustment balance will be $13800
It depends on what cover he have even full cover or lie ability insurance
When a bank account is reconciled, then it means that the bank transactions are checked and compared to the bank statement to be sure that the inflows and outflows tallies and are accurate.
Basically, the steps to reconciling an account are as follows:
- Make comparisons of the deposit in the account
- If you find any discrepancy, make adjustments on the bank statement
- Make an adjustment of the cash account
- Make a comparison of the balance.
Please note that your question is incomplete so I gave you a general overview to help you better understand the concept.
Read more about bank statements here:
brainly.com/question/15525383
The accounts that would affect the net income in the income statement are:
- (2) Merchandise inventory.
- (3) Cost of goods sold.
- (4) Transportation-out.
- (7) Selling expense.
- (8) Loss on the sale of land.
- (9) Sales revenue.
<h3>Which items affect net income?</h3>
The ending and beginning merchandise inventory play a role in the cost of goods sold which is deducted from net income.
Selling expenses such as transportation-out are also deducted as well as the loss on sale of land. Sales revenue is added to net income.
Find out more on accounts in the income statement at brainly.com/question/21851842.
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