Answer:
<h2>
Social security</h2>
Explanation:
<em>A transfer payment includes a donor and a recipient and the donor gives up something without receiving any thing in return. </em>
A transfer payment is redistribution of wealth and income by government without receiving any good or service in return. Such payment is on exhaustive because neither they absorb resources nor create any output. Social security, welfare and financial aid are examples of transfer payment. Transfer payments are not included in government spending o calculate gross domestic product.
In economics transfer can be made between entities and individual such as governmental bodies and private companies, it cab be involuntary and voluntary.
B is the correct answer. You want to show the interviewer that you are taking the interview and future job/anything else very seriously.
Answer:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Merchandise $ 760 (debit)
Cash $ 560 (credit)
Equipment $200(credit)
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Cash $270 (debit)
Dividend $530 (debit)
Salaries and Wages $ 800 (credit)
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
Account Payable $470(debit)
Cash $470 (credit)
Explanation:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash
Answer:
The correct answer is (A)
Explanation:
Managers are frequently called upon to make decisions. Making a decision is critically important for the success of a business; that is why it is crucial to evaluate the choices in detail. Examining the pro and cons of a decision leads towards a better conclusion. Decision-making process involves various steps, such as identifying, gathering information, choosing from alternatives, implementing the decision, and lastly to analyse the results.
Answer:
The correct answer is letter "A": format wars.
Explanation:
Format wars refer to the competition between storage or electronic devices that have similar uses but are incompatible between them. Under this scenario, the competing companies openly confirm the idea that each of them is not willing to cooperate with the other in an attempt of taking control over the market.
<em>An example of format wars is the use of High Definition (HD) DVDs and Blue-ray discs or Microsoft versus Apple in computer technology.</em>