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denis23 [38]
2 years ago
5

Sandra, George, Jose, and Antwan are working on a project for a customer that is aimed at cutting the client's utility costs. Th

e four members of this workgroup are located throughout the southeast, and they are utilizing the phone, e-mail, and collaborative computing to complete this project. This workgroup is an example of a
Business
1 answer:
Maksim231197 [3]2 years ago
5 0

Answer:

Virtual organization

Explanation:

A virtual organization or the business is the one which is defined as whose members are apart geographically, generally working through computer e- mail as well as groupware when appearing to others which is to be unified, single company with the real location physically.

In short, it is the permanent or temporary collection of the geographically dispersed groups, company, entire or individual units which ground on the electronic linking so that to complete the process of production.

So, in this case, the workgroup working on e-mail, phone and collaborative computing in order to complete the project. Therefore, it is an example of virtual organization or company.

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7. The price of a movie ticket goes from $7.00 to $8.50. What should happen to the demand for these tickets?
lbvjy [14]

Answer: The price increses

Explanation: Goes t0 7.00 to 8.50 increses a 1.50

The demand has went up

4 0
2 years ago
What are the Taxes Paid for private/public limited company
Alex Ar [27]

Answer:

20%

Explanation:

Public Limited Companies pay Corporation tax rates, currently set at 20%, on their taxable profits. There are also tax-deductible costs and allowances that can be offset against the company profits for even greater tax savings.

7 0
2 years ago
Read 2 more answers
Whispering Winds Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable $ 0 Accumulat
alisha [4.7K]

Question Completion:

Record the adjustments.

Answer:

Whispering Winds Company

1. Debit Interest Expense $464

Credit Interest Payable $464

To record the interest expense for 4 months.

2. Debit Supplies Expense $1,798

Credit Supplies $1,798

To record supplies expense for the year.

3. Debit Depreciation Expense - Equipment $1,160

Credit Accumulated Depreciation - Equipment $1,160

To record the depreciation expense for the year.

4. Debit Insurance Expense $1,421

Credit Prepaid Insurance $1,421

To record insurance expense for 7 months.

5. Debit Unearned Revenue $8,700

Credit Service Revenue $8,700

To record service revenue earned for December.

6. Debit Accounts Receivable $4,872

Credit Service Revenue $4,872

To record service revenue earned for December.

7. Debit Salaries Expense $6,264

Credit Salaries Payable $6,264

To accrue unpaid salaries for 3 days.

Explanation:

a) Data and Calculations:

Account balances on December 31, 2022:

Accounts Receivable $ 0

Accumulated Depreciation-Equipment 0

Equipment 8,120

Interest Payable 0

Notes Payable 11,600

Prepaid Insurance 2,436

Salaries and Wages Payable 0

Supplies 2,842

Unearned Service Revenue 34,800

b) Interest expense = $11,600 * 12% * 4/12

c) Supplies expense = $2,842 - 1,044 = $1,798

d) Insurance expense = $2,436 * 7/12 = $1,421

e) Service Revenue = $34,800 * 1/4 = $8,700 with the balance as Deferred Revenue.

f) Salaries expense for 3 days = $10,440 * 3/5 = $6,264

8 0
3 years ago
To increase its revenue, sky airlines, an airline company, decides to promote well-known companies in its in-flight magazine. th
joja [24]
<span> in the context of the promotional mix, the in-flight magazine is being used for Advertising
Advertising is a visual or audio form of communication that is used to promote a certain product. When several companies pay Skyairline to put and promote their products on the skyairline magazine, the magazine serves as an advertising medium for them.</span>
7 0
3 years ago
Arundel Company uses percentage of sales to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts
KiRa [710]

Answer:

Allowances account will be credited with $650

Explanation:

Businesses make allowances for uncollectible debts because there are some customers that will just not honor their agreement to pay. Unfortunately, business managers can't tell from the customers looks or profile which one will default. Hence as a risk managing measure, allowances are always made.

When allowances are made, you recognize the double entry principle: debit the Bad debt expense account and credit the Accounts receivable account.

If in the closing year we had a balance of x amount in our allowance Account, and this new year we require a total allowance of say x+1 amount (coming from our computation of % of credit sales or % of Receivables balance), we will only pass the difference between the opening balance and the new year requirement to the bad debt expense account.... See below:

Opening allowance balance x

Less Closing allowance balance x+1

= bad debt expense account 1

Note : the bad debt account could be a debit where the closing allowance balance is greater than its opening. And we will credit the same amount to the allowances account to make up the requirement.

Or a credit to the p&L account if the closing balance is less than the opening balance and we will debit the same amount to the allowance account to come to the required balance

To our question:

Opening balance in allowance account = $6,500

Less New years allowance requirement = 1% x $715,000 = $7,150

= bad debt (debit) = $650 and we will credit allowances account with $650

5 0
2 years ago
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