Answer:
Diversity
Explanation:
Team diversity means a team composed people who can be distinguished on factors like gender, age, demography, culture, range of skill set , nationality, religious and social background. Diversity is promoted in team to promote innovation, efficiency and improved performance as each member complements other with his/her unique attribute.
Since, as Systech corp, team is composed of people with different nationality and diverse skill, it can be rightly said that such team is example of team diversity based on above mentioned definition of team diversity.
Answer:
a. To increase Land - Debit
b. To decrease Cash - Credit
c. To increase Fees Earned (Revenues) - Credit
d. To increase Office Expense - Debit
e. To decrease Unearned Revenue - Debit
f. To decrease Prepaid Rent - Credit
g. To increase Notes Payable - Credit
h. To decrease Accounts Receivable - Credit
i. To increase Common Stock - Credit
j. To increase Store Equipment - Debit
Explanation:
Debit gives details of spending, sum owed , amount to balance which is usually recorded to the left side of an account entry book while credit gives the details of income, amount earned or made on sale, spending cut and revenue and is usually placed to the right hand column of an account entry.
Answer:
5.13%
Explanation:
Given:
Worth of investment today (PV) = $1,000
Investment worth after 6 years (FV) = $1,350
Time period of investment (nper) = 6 Years
It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).
Substituting the values, we get =RATE(6,-1000,1350)
= 5.13%
Present value is negative as it is a cash outflow.
Therefore, annual return is computes as 5.13%.
Answer:
$68 appears as the amount unearned but received (or still paid in advance) in the closing statement
Explanation:
Amount received in advance = $100
Amount earned = $32
Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned
Amount (in advance at closing) = $100 - $32
= $68
The amount that will appear in the closing statement as rental payment still in advance is $68.
Answer:
Explanation:
Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;
Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.
Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.
Flexible budget;
- The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
- It is highly styled and more useful than the master budget.
The report showing the Activity and Spending Variances for march is given in the file attached below, in other not to cause confusion. Thank you.
