When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years 1 only.
An expense is the monetary value of tasks that an organization causes to create income. As the well-known saying goes, "it costs cash to bring in cash.
Normal expenses incorporate installments to providers, worker compensation, manufacturing plant leases, and hardware devaluation.
Organizations are permitted to discount charge deductible costs on their annual government forms to bring down their available pay and hence their assessment obligation.
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Answer:
False.
Explanation:
The organizational environment is a set of forces and conditions that operate outside an organization's boundaries and has the potential or capability of affecting its operations, resources and performance, either fully or in parts.
Some examples of an organizational environment are competitors or rivals, government policies, regulatory agencies, suppliers, customers etc.
Answer:
All of the following are organization-directed benefits associated with offering unconditional guarantees except:
a. the guarantee provides a means to avoid bankruptcy.
Explanation:
Providing or offering customers unconditional guarantees does not help the company to avoid bankruptcy. Bankruptcy arises from inadequate financing resulting from overtrading. Importantly, offering guarantees to customers communicates a clear performance goal to employees to improve service delivery to customers.
Answer:
The correct answer is C) Point of execution of a mission or task
Explanation:
The critical period is a limited time where an event can occur, and that results in some kind of transformation. For this reason, when identifying a risk, for example, it can be determined as the main point where a specific task is started to try to solve some problem.
A company's plan for the acquisition of long-lived assets, such as buildings and equipment, is commonly called a Capital Budget.
<h3>
What is a Capital Budget?</h3>
- The procedure a company uses to assess potential big projects or investments is called capital budgeting.
- Before a project is accepted or denied, capital budgeting is necessary. Examples of such projects include the construction of a new plant or a significant investment in a third-party enterprise.
- It is a means of locating a superior offer for the expansion of the company.
- A company's bottom line is frequently affected by significant capital decisions, which are frequently tied to capital planning.
- In capital budgeting, projects that improve a business are chosen. Almost everything, including the acquisition of land or the purchase of fixed assets like a new truck or machinery, can be included in the capital budgeting process.
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