This is how you plan to protect yourself from fraud, identity theft, or other misleading business practices in the future:
- Always verify the company's and its representative's identification.
- Don't divulge private information so that hackers or identity thieves can't exploit it to steal your identity.
- Look for the business's operating license and official permission.
- Always verify the legitimacy of the company and assess the caliber of its goods and services.
Follow those steps if you intend to safeguard yourself in the future from fraud, identity theft, and other deceptive and misleading business practices or activities.
Identity theft and fraud prevention and control measures usually involve:
- Keeping an eye on your credit report frequently.
- Update inaccurate information with the business.
- Stop using credit.
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Answer:
The requirement of the question is below:
Post the transactions to T accounts. (Post entries in the order displayed in the problem statement.)
The postings of the transactions to t accounts are found in the attached
Explanation:
In doing the post , I have observed strictly the rule of double that the giving account be credited and the receiving account be debited.
Also,this could be done understanding that assets ,expenses and drawings should be debited when they increase and the reverse when there is reduction.
Besides, liabilities,capital and income should be credited when they increase and the reverse for the opposite.
Check the highlighted balances as well and note that the balances are named after the side with balance brought down.
The greatest justification for firm resources being committed to vertical integration (either forward or backward) is to add considerably to a company's technological capabilities, strengthen the company's competitive position, and/or increase its profitability.
A family of financial indicators known as profitability ratios is used to evaluate a company's potential to create profits over time in relation to its revenue, operational expenses, balance sheet assets, or shareholders' equity using information from a particular point in time. Efficiency ratios, which take into account how successfully a company uses its resources internally to generate income, can be contrasted to profitability ratios (as opposed to after-cost profits). Most profitability ratios show the company's performance by showing a higher value as compared to that of a competitor or to the same ratio from a prior period. The most insightful comparisons of profitability ratios are those made with comparable businesses, the company's own past, or industry averages.
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Answer:
None of the available options are correct.
Department 2's contribution to overhead in dollars is $210,000
Explanation:
Contribution to overhead = Sales - Cost of goods sold - Direct expenses
Contribution to overhead = $400,000 - $150,000 - $40,000
Contribution to overhead = $210,000
