Answer:
a) Fees earned (or revenues) will be understated. Net income will be understated.
b) Accounts (fees) receivable (or assets) will be understated. Owner’s equity will
be understated.
Explanation:
Adjusting entries refers to the entries that are made at the end of an accounting period in accordance with revenue recognition, principle and expense recognition principle.
All adjusting entries affect at least one income statement account (revenue or expense), and one statement of position account (asset or liability).
Globalization has led to establishment of many companies and firms leading to urbanization.
<h3>What is Globalization?</h3>
It involves development that occur in a particular region, which has led to the advancement. It involves the establishment of Companies, firm and availability of amenities to improve life and livelihood.
Globalization led to a positive effects were technology can now be used to improve efficiency.
Therefore, Globalization has led to establishment of many companies and firms leading to urbanization.
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Answer: This shows that Dad shows more care for the prospector than he shows more care for his children
Explanation:
Dad has a great care for the Prospector. This same care is not shown for the kids who were sliding around the back and screaming. This shows that Dad shows more care for the prospector than he shows more care for his children. Some parents do this, as they place emphasis on things than they do for their children
Answer: The bargaining power of buyers.
Explanation: The bargaining power of buyers is one of the five forces in the Porter's Five Forces of Industrial Analysis Framework a business analysis model that provides information on the different levels of profitability of various industries. Buyers (in this case Smithy) can raise competition within an industry by forcing down prices, requesting discounts, bargaining for improved quality or more services from their suppliers (in this case, AG). In doing this, they are exercising the bargaining power of buyers which refers to the pressure that users of products and services can put on businesses to get them to provide higher quality products, better customer service, and/or lower prices/discounts among others.
