Answer: Type the correct answer in the box. Spell all words correctly. Which general area of specialization are you in if you are managing the accounting.
Explanation: You are in the specialization if you are managing the accounting function for a large organization, such as one that trades on public stock exchanges.
One of them was an appropriate cover letter and also sampel color referal letters.
Answer:
Assets are greater than liabilities when there are positive capital requirements.
Explanation:
- Morrie's student loan is an asset from Morrie's perspective. {false}
Morrie's student loan is a <em>liability</em> form his/her perspective. It is an asset for the borrower of the loan, usually a bank.
- Jane's car loan is a liability from Jane's perspective; this same loan is also viewed as a liability from the bank's perspective. {false}
This is one is half true, half false because Jane's loan is a liability from her perspective, but for the borrower, the bank, it is an asset.
- Assets are greater than liabilities when there are positive capital requirements.{true}
Because Working Capital = Current Assets minus (-) Current Liabilities. Usually Assets need to be grater than liabilities to have positive capital or Working Capital.
- Bank deposits at the Federal Reserve are a liability for the bank. {false}
Bank deposits at the Federal Reserve are a "special kind" of asset. What I mean by that is a requirement by the Federal Reserve to have a deposit in there as a security or collateral but since that deposit is just there. The bank actually can work or make profit out of it.
Answer:
Provides a more direct incentive in small firms than in large firms.
Explanation:
Profit sharing plan can be defined as a contribution plan in which the management of a company shares part of its profit with the employees. This could motivate and inspire the employees to work efficiently towards the growth of the organisation.
Profit sharing plan gives the employees a sense of ownership, this would inspire them to work harder to ensure the success of the organisation.
