Answer:
Lease
Explanation:
A company is just getting started and needs new equipment but does not have a large amount of cash since the company business will also require frequent updating of the equipment it is better to lease the equipment.
Answer:
B) upward communication
Explanation:
Upward Communication -
It refers to the flow of information from the lower level to the higher level in the company, is referred to as upward communication.
The method helps to pull out thought and innovative technique from all the employees working in the company , and is used for the betterment of the company.
It helps to have a healthy conversation and decision making process, which helps the company to grow.
Hence, from the question,
The company Munchkin takes idea from all the employees and tries to implement it into the company, thereby showcasing the method of upward communication.
The entry to close the dividends account at the end of the year is: Debit cash $5,200 and Credit dividends $5,200
<h3>What is a dividend?</h3>
Dividend is a form of payment made by the company to its existing shareholders, usually as a distribution of profits. It is a portion of company's earnings during the period being returned to their investors.
Dividends are means of both profit distribution and incentives for the investor who keeps on investing in the company.
The entries for dividend accounts are :
Debit cash $5,200
Credit dividends $5,200
Hence, the entry to close the dividends account at the end of the year is: Debit cash $5,200 and Credit dividends $5,200
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The inventory cost flow assumption does inventory on the balance sheet best approximate its current cost is first-in, first-out.
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset.
Both the products that are on hand for sale and the raw materials required to make those products are considered inventory.
On the balance sheet of an organization, it is categorized as a current asset.
The three different categories of inventory are raw materials, finished commodities, and work-in-progress.
The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory.
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In this scenario, we have committed an error related to Procedural justice
Procedural justice refers to way of ensuring fair justice by making decisions according to fair processes to ensure fair treatment.
According to this justice rule, the same rule must be applied to similar scenario and must be impartial as well in order to ensure fair justice.
In conclusion, we have committed an error relating to procedural justice because the rule that was <em>applied to Julio </em>was <em>not applied to John</em>, therefore, there was a bias in justice.
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