Answer:
d. The potential exists for agency conflicts between stockholders and managers.
Explanation:
- A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.
Budget reports are generally prepared for a quarter.
Given an incomplete sentence related to the timings of budget reports.
We are required to fill the timing or frequencies given in the options so that the sentence gives an appropriate meaning.
A budgeting report is basically a report managers use that lists the previously estimated budget projections over a certain period.Budget reports are basically the financial goals leadership comes up with based on informed financial projections. Since they are typically estimations, these budget reports almost always differ from the final financial results, sometimes drastically. Quarter is basically a collection of three months.
Hence it can be concluded that budget reports are generally prepared for a quarter.
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Answer:
The labor would increase
Explanation:
When the government decides to lower the income tax in the coming year, which is financed by the findings of a large as well as a previously unknown warehouse for real goods, then there would be an increase in the labor as the reduction in the income tax would cause more and more investment. And thus organizations and firms increase their efficiencies and create more and more output by increasing the labor.
Answer:
Salaries expense DR. $1220
Cash Cr. $1220
Cash Dr. $1860
Account receivable Cr. $1860
Cash Dr. $3810
Account receivable Cr. $3810
Purchases Dr. $3900
Cash Cr. $3900
Explanation:
Accounts payable Dr. 2600
Cash Cr. $2600
Rent expense Dr. $450
Cash Cr. $450
Account receivable Dr. $980
Services Cr. 980
Answer: None of the choices
Explanation:
None of the choices are correct. It is an example of NO TORT. A tort occurs when a claimant suffers harm or loss as a result of the action of another person. An example of a tort is theft. claims what belongs to another person.
In this case, it is a no tort as customers willingly go to Ok dry cleaning. One factor which enhanced the transfer of customers from Purity to Ok dry cleaning is advertisement.
