Answer: revenue of $14,000 and expense of $6,000 in Year 1.
Explanation:
In accrual accounting, it should be noted that for this accounting method, the revenue or expenses that are made by the individual or company will be recorded as at the time that the transaction took place and not when the payment for the transaction was gotten.
Since Costello company performed $14,000 of services and also incurred $6,000 of wage expenses, then Costello will report revenue of $14,000 and expense of $6,000 in Year 1.
With the apology of Mr. Johnson, he showed that the actions of the police were wrong and did not reflect company values.
<h3>What are Company Values? </h3>
This refers to the set of ethics that a company has and abides by that helps them keep discipline among staff and achieve their set goals.
Hence, we can see that from the complete information, there is a scandal at Starbucks where two black men have led away from the premises because of their race.
The CEO of Starbucks, Mr. Kevin Johnson immediately apologized and stated that the action was unfortunate and did not in any way reflect the company values of Starbucks as everyone was welcome.
Read more about company values here:
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Answer: Business process re-engineering
Explanation: In simple words, business process re-engineering refers to the process in which an organisation tries to restructure and change the process or methods of operations for smooth functioning of the business.
It is modern technique that are used by the firms in the industries which have high competition and are strongly interdependent on other firms in the industry.
