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3 years ago

Which of the following is not one of the four basic forms of organizational structure?

Business

2 answers:

grigory [225]3 years ago

5 0

Dafuq is this dumb site. This is some bull the verified answers where always wrong like dafuq is the point.

Alborosie3 years ago

3 0

The answer is A

The rest should be memorized as forms of organizational structure.

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A company with a December 31 fiscal year end sold and delivered $5,000 worth of inventory on December 15, 2016 with payments of

Zepler [3.9K]

Answer:

$5,000

Explanation:

Under the accrual accounting method, revenue is recognized and recorded in the books once the recognition criteria is met i.e once the goods or service has been delivered.

Under this system as well expenses are recorded once incurred.

As such, the time of cash payment does not affect the recognition of revenue. When revenue is earned and cash is yet to be paid, the entries required are debit accounts receivable and credit revenue.

On payment of cash, the entries are posted between cash and accounts receivables.

8 0

3 years ago

Read 2 more answers

2. Which statement about the factors of production is correct?

Charra [1.4K]

Answer:

A) A river from which a company draws water is called land.

Explanation:

There are mainly 4 Factors of Production and these are:

1. Labor

2. Land

3. Capital

4. Entrepreneurship

Labor doesn't refer to the owner of the company. It refers to the work that is being done in order to finish a particular project or work. This makes choice D incorrect.
An enterprise refers to the entire company or business. It doesn't limit itself to the supervisors involved. This makes choice C incorrect.
Capital in the form of money is not a factor of production. Raising finance for a company means raising money. An example of capital as a factor of production is purchasing an equipment for commercial/business purposes. This makes choice B incorrect.
When it comes to "land" as a factor of production, it refers to the natural resources, which means it includes not only the forests, mountains and the like but also the oceans, rivers, lakes, etc. as long as it is being used in the production process. This makes choice A correct.

8 0

2 years ago

"during its first year of business, xyz inc. purchased $1,600 of supplies. by the end of the year, only $500 of supplies remain

algol [13]

The correct answer is $500.

An adjusted trail balance is prepared at the end of the accounting period. On this statement you will have what the value of the supplies in inventory is on the last day of the accounting cycle. In this example there are $500 worth of supplies left, which is why it is the correct answer.

6 0

3 years ago

The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $1

photoshop1234 [79]

Answer:

Inventory turnover ratio = 7.2 times

Explanation:

Given:

Beginning inventory = $70,000

Ending inventory = $108,000

Cost of goods sold = $644,000

Sales = $888,000

Find:

Inventory turnover ratio

Computation:

Average inventory = [Beginning inventory + Ending inventory] / 2

Average inventory = ($70,000 + $108,000) / 2

Average inventory = $89,000

Inventory turnover ratio = Cost of goods sold / Average inventory

Inventory turnover ratio = $644,000 / $89,000

Inventory turnover ratio = 7.2 times

5 0

3 years ago

Question 7 of 10

garik1379 [7]

Answer:

Foreclosure appeexx

6 0

2 years ago

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