Answer:
A. Organization
Explanation:
The organization and management section outlines the hierarchy of the people involved in the business. It provides the company's organizational structure in a chart format. This section detail the management team, internal and any external human resources that the company uses or intends to use. It may list their names and remunerations paid to each of them.
The organization section also defines how the different roles relate to each other when executing the business mandate.
Answer:
The answer is below
Explanation:
There are quite some benefits of adding non-QuickBooks Online clients to your Client List in QuickBooks Online Accountant, in which three amongst them are:
1. It gives the opportunity to keep all the clients' data, including documents in a specific place together
2. It gives the user a chance to easily transfer to clients, the saved documents in QuickBooks Online Accountant
3. A user can easily create projects and tasks for non-QuickBooks Online clients in the work tab in order to meet some crucial clients deadlines.
Answer:
b. horizontal communication
Explanation:
The communication is the process of passing the information from the sender to the receiver which involves the encoding, decoding, feedback, etc
The horizontal communication is the communication which communicate with the same level of the management i.e means passing the information within the organization of the same role and responsibilities
so according to the given scenario, the major short coming is of horizontal communication as they do not recognize the role of different level of management or different role and responsibilities
Answer:
debit to Bad Debt Expense for $5800
Explanation:
Accounts receivable estimated as uncollectible = $8500
Allowance for Doubtful Accounts = $2700
Additional allowance for Doubtful debts required = $8500 - $2700
= $5800
The adjustment to record bad debts for the period will be
Debit Bad debt expense $5800
Credit Allowance for Doubtful Accounts $5800
The right option is debit to Bad Debt Expense for $5800
Answer:
Recognized Sales Value = $18,000
Explanation:
Fragment company selling Price is $300/Unit
40% trade discount is offered for purchases of 50 units and more. That is, $300 x 40% = $120.
This implies anyone buying 50 or more will pay only $180/Unit ($300 - $120)
Customer Purchased 100 units
Sales terms is FOB, which implies Fragment is responsible for transportation costs of the products from his warehouse to the Port of Shipment including loading onto the ship. The Buyer will be responsible for Marine Freight expense, Insurance, Off-loading and shipment to his own warehouse
The $7 Per Unit indicated will account for inland transport to Port of shipment
Recognized Sales = 100 units x $180 = $18,000
Cost of Haulage (Carriage outwards) is $7 x 100 units = $700