Answer:
D. Liabilities are overstated
Explanation:
The given journal entry is
Cash A/c Dr XXXXX
To Account payable A/c XXXXX
(Being the cash collection is recorded)
This above journal entry is wrong.
The correct journal entry is as follows:
Cash A/c Dr XXXXX
To Account receivable A/c XXXXX
(Being the cash collection is recorded)
For rectifying this error, either we reverse the given entry and pass the correct journal entry that is shown above or pass the entry that is given below:
Account payable A/c Dr XXXXX
To Account receivable A/c XXXXX
So, we can see the liabilities accounts are overstated due to this error
Answer:
Causes of stress in the workplace are:
a)Long hours.
b)Heavy workload.
c)Changes within the organisation.
d)Tight deadlines.
e)Changes to duties.
f)Job insecurity.
Answer:
State ownership
Explanation:
State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public
The characteristics of a state ownership are;
1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public
2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country
3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects
4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors
5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function
6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body
No, lots of cases have no motives.
Answer:
$161.50
Explanation:
Amount Invested = $1,000
Number of years = 4
Return for each year = Amount Invested × Interest rate
= $1,000 × Interest rate
For 2012:
Interest rate = 16.35% = 0.1635
Therefore,
Return for 2012 = $1,000 × 0.1635
= $163.50
For 2013:
Interest rate = 31.50% = 0.3150
Therefore,
Return for 2013 = $1,000 × 0.3150
= $315.00
For 2014:
Interest rate = 13.85% = 0.1385
Therefore,
Return for 2014 = $1,000 × 0.1385
= $138.50
For 2015:
Interest rate = 2.90% = 0.029
Therefore,
Return for 2015 = $1,000 × 0.029
= $29.00
Average for 2012-2015
To get this, we add the returns for the 4 years, i.e. 2012-2015, and then divide it by the number of years which 4 as follows:
Average for 2012-2015 = ($163.50 + $315.00 + $138.50 + $29.00) ÷ 4
= $646.00 ÷ 4
= $161.50
Therefore, George's average return for the period is $161.50.
I wish you all the best.