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marissa [1.9K]
3 years ago
7

When preparing journal entries, the account titles are selected using either the dropdown menu (if available) or by keying in th

e account titles.True or False?
Business
1 answer:
Ira Lisetskai [31]3 years ago
6 0

Answer:

True

Explanation:

The journal entries are the recording of the transactions in which the one account is debited and another account is credited along with the description and the date.

If we take the example.

Rent is paid for cash for $10,000

So, the journal entry would be

Rent expense A/c Dr $10,000

      To Cash A/c $10,000

(Being rent is paid for cash is recorded)

So, the given statement is true

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When choosing between two alternatives, such as replacing or not replacing the machine, do not include _______ costs in the anal
zysi [14]

Answer:

Head Office Cost Allocations

Explanation:

Usually Projects have Head Office costs that are allocated to them.

Head office costs allocated to projects will be the same for the choices of alternatives (replacing or not replacing the machine).

The Head office costs are a costs that is incurred at Head office as well.

Thus, Head Office Costs allocations are <em>irrelevant</em> and must not be included in the analysis.

4 0
3 years ago
Explain the following statement in your own words: "Increasing productivity and also quality will result in increased capacity,
WARRIOR [948]

Answer:

Increased productivity and quality leads to consumer trust relationship that results in increase in demand and increase in the production capacity to meet the demands.

Explanation:

First when a company increases its productivity with commensurate increase in the quality of the goods produced or manufactured. The direct effect is that  the consumer base of the goods increase. In other words, consumers exhibit a level of confidence in the quality of the goods, they are attracted to patronize the company and since there is increased productivity, the company is able to meet the needs of its increasing consumers.

Furthermore, once the consumers are attracted and the company is able to meet demands, more consumers are also eager to join in purchasing the product, hence, the company is then required to increase its production capacity to meet the demands of its ever increasing customers.

<u>Why?</u>

The ability of a company to produce consistently quality goods and also meet the demands of its customers lead to a trust relationship between the customers and the manufacturer and such a relationship provides a solid platform for a continuous increase in consumer base that will warrant an increase in production capacity to accommodate more demands.

8 0
4 years ago
________ leadership focuses on clarifying employees’ roles and task requirements and providing rewards and punishments contingen
Sauron [17]

Transactional leadership focuses on clarifying employees’ roles and task requirements and providing rewards and punishments contingent on performance.

Where is transactional leadership used?

Middle management levels in major firms are the principal users of transactional leadership. According to this leadership theory, accomplishing agreed-upon responsibilities successfully results in monetary remuneration, job security, or promotions, as well as intangible benefits like praise and recognition.

Why is transactional leadership important?

Transactional leaders are really clear. Employees are fully aware of what their boss expects of them. They feel successful in achieving their clearly stated goals and objectives as a result. When collective performance matters, this results in effective leadership.

Learn more about transactional leadership: brainly.com/question/11210892

#SPJ4

4 0
2 years ago
Assets Liabilities
olganol [36]

Answer:

1. What is the net working capital for the above company?

Net Working Capital will be 45

2. If the company pays back all of its accounts payable today using cash, what will its net working capital be (in million of USDs)?

Net Working Capital will be 45

3. If the company buys new property, plant and equipment today using its entire cash balance, what will its net working capital be (in million of USDs)?

Net Working Capital will be -1

Explanation:

1.

Net Working Capital = Total Current Asset - Total Current Liabilities

Net Working Capital = 89 - 44 = 45

2.

Current Asset after payment = 89 - 39 = 50

Current Liabilities after payment = 44 - 39 = 5

Net Working Capital = Total Current Asset - Total Current Liabilities

Net Working Capital = 50 - 5 = 45

3.

Current Asset after Purchase = 89 - 46 = 43

Current Liabilities after Purchase = 44 - 0 = 44

Net Working Capital = 43 - 44 = -1

4 0
3 years ago
Why is the U.S. economy sometimes referred to as a modified free enterprise system?
Tcecarenko [31]
The United States economy is sometimes referred to as a modified free enterprise system due to the fact that it is capitalist. This means that there is no monopoly on a particular aspect of trade or business, so anybody can start a company.
8 0
4 years ago
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