Answer:
Scarlet Knight Corporation
Correct postings:
Accounts Debit Credit
1. Cash 12,500
Common Stock 12,500
2. Cash 3,500
Service Revenue 3,500
3. Supplies 250
Cash 250
4. Rent Expense 550
Cash 550
5. Equipment 1,950
Cash 1,950
Explanation:
a) Data and Calculations:
Accounts Debit Credit
1. Common Stock 12,500
Cash 12,500
2. Cash 3,500
Service Revenue 3,000
3. Supplies 250
Cash 250
4. Rent Expense 550
Cash 550
5. Cash 1,950
Equipment 1,950
b) The accounting rule is to debit the value receiver and to credit the value giver. Generally, assets, expenses, and losses normally have debit balances while liabilities, equities, incomes, and gains have credit balances.
Answer:
True
Explanation:
TANSTAAFL is an abbreviation for the phrase -- "There ain't no such thing as a free lunch."
The expression means that every decision has its cost. The message it conveys is that even the things presented as free, have a cost. In other words, there is nothing that is absolutely for free in life.
The expression is essential in decision making, whether financial or lifestyle. The concept urges customers to consider the "silent" costs before making a decision.
<span>These are "negative option" plans. In these plans, the consumer has the requirement to send a "negative" notice or cancellation notice, otherwise they will be billed or continue to be billed for these items. These options can be onerous because it requires that the consumer remember that they are paying for an item on a constant basis and have to remember to cancel it when they don't want it.</span><span />
Answer:
"C"
Explanation:
A high performance culture is a set of laid down rules (culture ) that an organization observe to achieve outstanding results (performance ) with the primary aim of getting an edge over competitors. It guides the daily activities of employees.
The four major attributes of a high performance culture are Strong leaders , employees involvement , continuous learning environment and flexibility .
The corporate values of the organization is paramount and every action must be directed towards its achievement.
Answer:
hii there
The correct answer is option ( A )
8 Step Problem Solving Process
Step 1: Define the Problem. What is the problem?
Step 2: Clarify the Problem.
Step 3: Define the Goals.
Step 4: Identify Root Cause of the Problem.
Step 5: Develop Action Plan.
Step 6: Execute Action Plan.
Step 7: Evaluate the Results.
Step 8: Continuously Improve
Explanation:
Hope it helps
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