Answer and Explanation:
The transactions 3 6 and 8 represents that the expenses are incurred which results in increased and expenses and the transaction 4 and 5 shows that there is an increased in revenue
The journal entry is shown below:
For transaction 3
Rent expense
To Cash
(Being the rent expense is paid for cash is recorded)
As the expense has debit balance so it would be increased
For transaction 6
Electricity expenses Dr
To Cash
(Being the energy usage is paid for cash is recorded)
As the expense has debit balance so it would be increased
For transaction 8
Advertising expense Dr
To Account payable
(Being the advertising expense is recorded)
As the expense has debit balance so it would be increased
For transaction 4
Account receivable Dr
To Service revenue
(Being the service is provided)
As the revenue has credit balance so it would be increased
For transaction 5
Cash Dr
To Service revenue
(Being the service provided is recorded)
As the revenue has credit balance so it would be increased
The attachment is provided for better understanding
The other transactions represent the assets, liabilities and stockholder equity
Answer:
c.be prepared in accordance with generally accepted accounting principles.
Explanation:
Managerial accounting involves the use of accounting information by managers to make business decisions, this aids in management and control functions in a business.
Managerial accounting does not follow normal generally naccepted accounting practice but is ather tailored to the needs of the user. It is focused on how managers can plan for the future, develop plans for the company, and check if their earlier decisions were accurate.
Financial accounting on the other hand focuses on following accounting standards in reporting financial activity of a business.
Examples of areas of application of managerial accounting include job order costing, process costing, understanding cost behaviour, operational budgeting, and so on.
TWO recent CSI/CSR initiatives that the chosen Public Company carries-
CSR describes the wider technique to triple-bottom-line subjects of the 3Ps – earnings, people and planet. CSI is one of the sub-additives of CSR and targets to uplift groups in such a manner that the satisfactory of lifestyles is normally stepped forward and safeguarded.
Some examples of CSR in action include:
- Reducing carbon footprint.
- Engaging in charity work.
- Purchasing fair trade products.
- Investing in environmentally conscious businesses.
- Getting involved in volunteer work.
- Improving labor policies.
CSI includes initiatives that are not directly related to boosting a company's bottom line and are carried out outside of its regular business operations. These programs are not primarily driven by marketing goals but instead have a strong developmental perspective and make use of business resources to help and improve communities.
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The correct answer is letter D: Diversified mutual fund - Treasury bond - stock.
These orders of investments ensure a systematic low to high risk possibilities. A company needs to look into possible options where it can invest its assets in the form of a diversified mutual fund. Upon doing this, securing a bond from the state is wise investment in case loans are too high or the company comes to debts. The last risk would be engaging in stocks or the deliberation of this to several company owners.
Answer:
B. Reduce the Money Market Fund allocation by 30% (to 10%) and put the released funds in AAA-rated corporate bonds
Explanation:
First of all, since the investor is risk averse and cannot afford to lose money on any risky investment, she should change the mix of her investment portfolio but without increasing risks. Corporate bonds that are AAA-rated carry a very low risk and pay a little higher than money market funds. So a small decrease in money market fund assets and an increase in AAA-rated bonds should yield a slightly higher return.
Investing in equities would be too risky and US Treasuries pay even less interests than money market funds.
