Calculation of balance in the income summary account prior to closing net income or loss to the owner’s capital account:
It is given that Dogwood Company earned revenues of $19,000 and incurred expenses of $7,000. The owner made withdrawals of $3,500.
Hence the balance in the income summary account prior to closing net income or loss to the owner’s capital account shall be as follows:
= Revenues – Expenses
= 19000-7000
= $12,000
Hence the balance in the income summary account prior to closing net income or loss to the owner’s capital account shall be $12,000
Answer:
A. a matrix structure.
Explanation:
A matrix organizational structure is a type work structure where reporting relationships between employees are set up as a matrix rather than the conventional hierarchy approach. This simply means, there are two (2) chains of command; employees have dual reporting relationships to both a project and functional manager.
The matrix organizational structure can be classified into three (3) categories, these are;
1. Weak matrix structure.
2. Balanced matrix structure.
3. Strong matrix structure.
In project management, a strong matrix is also known as the project matrix and it basically refers to a matrix project that is significantly similar or having close resemblance with the pure project. In the strong matrix structure, the project manager controls most of the project activities and functions, including the assignment and control of project resources.
This ultimately implies that the project manager primarily holds a full-time role and has a sole authority, and as such control the budget. The role of the functional manager is usually minimal.
Hence, a project organization structure where team members report to a functional manager as well as to the project manager is called a matrix structure.
Answer:
In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods and services that people can buy with the money they make. Without business, the economy would be very inefficient and/or very primitive.
Explanation:
Hello. You forgot to show the calculations made by Nico and Lorena. The calculations are shown in the attached figure.
Answer:
Nico is correct because he knew -4/5 is equal to -4/5.
Explanation:
As you can see in the image below, Nico and Lorena had to solve the expression (2) x (1/6) x (-4/5).
In this case, the correct resolution is Noco's resolution, since it has the following resolution steps:
2x1x (-4) / 1x6x5 =
-8/30 =
-4/15
Answer:
$14,832
Explanation:
Depreciation charge = 2 x SLDP x BVSLDP
where,
SLDP = 100 ÷ useful life = 20 %
and
BVSLDP = Cost or Net Book Value
therefore,
1st year
Depreciation charge = 2 x 20 % x $61,800 = $24,720
2nd year
Depreciation charge = 2 x 20 % x ($61,800 - $24,720) = $14,832
conclusion
the amount of depreciation for the second full year is $14,832
