All of the above. It would be nice to be able to add all of these to your skillset, they will all help you out.
As an accountant, the bill of $100 for supplied bought from Walmart shall be verified, and a journal entry shall be made where the Supplies and Inventories shall be debited, and cash shall be credited.
<h3>What is a journal entry?</h3>
A systematic manner of recording the financial transactions of an organization in a chronological way, for the purpose of maintenance of accounting records, is known as a journal entry.
In case when an organization purchases inventories or supplies for cash payment, it is an expense for them, and thus it supplies balance is debited and cash balance will be credited.
Hence, the significance of journal entry for the given transaction shall be made in the manner as given above.
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Even after the commencement of business operations, officers and directors have a responsibility to comply with corporate formalities.
<h3>What are the duties of corporate directors and officers?</h3>
In general, the officers are in charge of carrying out the board's policies and making day-to-day choices, while the board of directors is in charge of important business and policy decisions.
- announcing and disbursing corporation dividends.
- approving significant corporate choices.
- hiring, promoting, managing, and firing managerial and corporate leaders.
- choosing between issuing bonds or stock.
A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.
Officers and directors are still required to follow corporate formalities even after the start of business operations.
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Answer: Location.
Explanation:
The Bubbly soda company adjusted their products name when writing to their customers from the Midwest region to suit the location they are from. The company understands that by using certain terms common to people from a particular location, the people would easily relate to a message.
Answer:
A. can use CVP by focusing on measuring the organization's output
Explanation:
Service companies and not-for-profit organizations can use CVP by focusing on measuring the organization's output.
Cost Volume Profit Analysis bothers on the profitability of company's output, whether it be a product manufacturing company or a service-rendering company.
In the case of a service company, Cost Volume Profit will be computed as: Profit = Service Price - Cost to provide service.