Solution :
Date Account Debit($) Credit($)
April 2 Cash 27,330
Equipment 14,650
Capital 41,980
April 2 No journal is required on hiring employee
April 3 Supplies 338
Accounts payable 338
April 7 Rent expense 590
Cash 590
April 11 Accounts receivable 929
Service revenue 929
April 12 Cash 3021
Unearned service revenue 3021
April 17 Cash 2535
Service revenue 2535
April 21 Insurance expense 101
Cash 101
April 30 Salary expense 1352
Cash 1352
April 30 Supplies expense 138
Cash 138
April 30 Computer 5841
Capital 5841
Answer:
<u>Bottom up budgeting</u>
Explanation:
In Techsorrd Inc. the leads of the technical team , support team, and marketing team anticipate the resource needs for their respective departments and send them to the top management for approval. In this scenario, Techsorrd Inc. is most likely using <u>Bottom up budgeting.</u>
The budgeting in which the cost of all individual department is determined and then cost of all department is total up.
Bottom up budgeting helps in <em>accuracy and accountability</em> of the budget. It also <em>helps in motivating the employees.</em>
Answer:
True
Explanation:
The statement is true, as evaluating one's own performance is quite easy, whether I performed good or bad, it is natural to know that.
But, when you know that the competitors have also performed really well, then we think that there are less chances of getting selected because then we doubt on our own capabilities.
This is a normal human tendency that happens and thus, the statement here is true.
Answer:
The Foreign Direct Investment Confidence Index is a measurement of the level of confidence that top executives such as CEOs and CFOs display when it comes to investing in different countries.
The index is constructed by surveying top executives on their opinion about how economic policy increases or decreases their desire to invest in specific countries.
The top 25 countries on the the FDI list are:
- United States
- Germany
- Canada
- United Kingdom
- France
- Japan
- China
- Italy
- Australia
- Singapore
- Spain
- Netherlands
- Switzerland
- Denmark
- Sweden
- India
- South Korea
- Belgium
- New Zealand
- Ireland
- Austria
- Taiwan
- Finland
- Norway
- Mexico
As it can be seen, developed nations dominate the top spots on the list. The only developing countries on the top 25 are China, India, and Mexico.
