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3 years ago

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Good friends, bernie and latasha, both studied accounting in college. recently, they decided to work together as co-owners of a

small accounting firm. this is an example of a(n) _____.

1 answer:

-BARSIC- [3]3 years ago

3 0

This is an example of a partnership

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Akika Corporation started as a small firm and has grown substantially in the past decade. Its interests span from electronics to

lakkis [162]

Answer:

a. Unity of direction

Explanation:

Unity of direction: In this principle, the direction of work is given by the higher authority with a view to achieving the organizational objective.

Division of work: In this principle, the work is divided between many subordinates/ employees, so that the task should be done in proper time and in an efficient & effective manner.

Scalar chain: This scalar chain represents the rank from high authority to low authority in a straight line so that proper communication/ cooperation can be done without any misunderstanding.

Unity of command: In this principle, the employees are responsible for only one person/ one supervisor/ one commander.

In the given scenario, the unity of direction principle applies as the board of directors wants to establish an independent business so that each domain objective can be achieved so that it becomes to accomplish the organizational objective.

6 0

3 years ago

On November 7, 2017, Mura Company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (Use

sergeinik [125]

Answer:

interst expense 1,920 debit

interest payable 1,920 credit

--to record year-end adjustment--

interest expense 1,280 debit

interest payable 1,920 debit

note payable 160,000 debit

cash 163,200 credit

--to record the honor of the note--

Explanation:

principal x rate x time = interest

principal 160,000

rate 8% annual

days from November 7th to December 31th: 54 days

160,000 x 0.08 x 54/360 = <em>1,920 interest expense</em>

at maturity:

160,000 x 0.08 x 90/360 = 3,200

3,200 total interest less 1,920 accrued interest = 1,280

8 0

3 years ago

You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are payin

Sloan [31]

<span>You are paying 11% interest on a credit card balance of $2,000.
=> 2 000 * .11 = 220 dollars is the interest.
Next is to total or sum up the amount to be paid.
=> 2 000 + 220 = 2220 dollars

</span>

5 0

3 years ago

Katarina [22]

The correct answer would be A

7 0

3 years ago

Read 2 more answers

The assessed value of Sidney's home is $350,000, but the home was recently appraised at $225,000. As a result, Sidney believes h

Yuri [45]

Answer:

Depending on the reason why Sidney requested the appraisal, she has two options:

If Sidney got the appraisal because she thought her property taxes were too high, she can file a complaint with her local board of assessment review (BAR) in order to get her taxes reduced.
Or if Sidney wants to sell her house she could appeal the appraisal amount and request a reconsideration of value.

3 0

3 years ago