Answer:
c. Individual
Explanation:
In the case when the managing of the jobs and the benefits provided to each and every employee and confirm that the proper benefits are being distributed or allocated to new and current employees that fall under the individual department as the benefits are provided on an individual basis
Therefore the option c is correct
Answer:
In the accrual accounting system, revenue is recognized in the books once it is earned. This is when the service or goods has been delivered and acknowledged by the customer. Expenses are recorded in the period incurred under this system of account.
Under cash basis accounting, revenue is only recognized when cash has been received. Expenses are also recognized when cash is paid.
a. Revenue to be reported is $820 million.
Debit Cash $800 million
Debit Accounts receivable $20 million
Credit Revenue $820 million
b. $520 million
c. Using cash basis, Revenue to be reported is $800 million
Debit Cash $800 million
Credit Revenue $800 million
Total expense will be $610, the amount paid.
The accrual basis would record a revenue that is $20 million more than that recognized on the cash basis knowing that the revenue principle requires that revenue be recognized once the goods have been delivered to the customer or the service has been rendered and acknowledged by the customer.
d. The income statement is the financial statement that reports revenue and expenses. while the balance sheet records cash receipt and cash payments.
Explanation:
Cash is an asset recognized in the balance sheet while revenue and expenses are recognized in the statement of profit or loss or income statement. Cash and accrual bases are 2 systems of recognizing transactions in the books. The major difference between them is about cash collection or payments.
Answer:
"Yes" will be the correct response.
Explanation:
- The dealership has been obliged to Edward since Edward as well as Dealer had written agreements stating that somehow Edwards may acquire their motorbike on the day before the fifteenth of June.
- The two parties offered and otherwise accepted as well as agreed in writing. That's because the contract remained valid, Dealer may be prosecuted as well for contravention.
The majority of conventional portfolio-analysis methodologies evaluate SBUs based on two crucial factors: the market or industry an SBU operates in is appealing, and an SBU's position within that market or industry is strong.
What is Strategic Business Unit?
A strategic business unit, or SBU for short, is a fully operational part of an organization with its own mission and goals. An key section of the organization, a strategic business unit typically functions independently. It provides updates on its operational status to the headquarters. Although a strategic business unit, or SBU, is an independent company, it is required to report directly to the organization's headquarters on the status of its operations. It is independent and centered on a particular market. It is large enough to have independent support divisions for things like human resources and training. Having an SBU has a number of advantages. For businesses with a variety of product structures, this strategy is most effective. Proctor and Gamble, LG, and other businesses are the best examples of SBU. Under one roof, these businesses house numerous product categories. For instance, the company LG produces consumer durables.
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Answer:
Net operating income= $520,000
Explanation:
<u>First, we need to calculate the gross profit:</u>
Gross profit= sales revenue - total cost of goods sold
Gross profit= 900,000 - 120,000 - 60,000
Gross profit= 720,000
<u>Now, the net operating income:</u>
Net operating income= gross profit - total Selling and Administrative Costs
Net operating income= 720,000 - 150,000 - 50,000
Net operating income= $520,000