Answer:
$445,000
Explanation:
Calculation for the total assets of Quality Galleries at the end of March
First step is to find the balance in the Cash account at the end of March
Cash account balance =$360,000 - $60,000 - $35,000 + $18,000
Cash account balance = $283,000
Now that we have know the Cash account balance the Second step is to calculate for total assets at the end of March
Total assets = $283,000+ $180,000 - $18,000
Total assets = $445,000
Therefore the total assets of Quality Galleries at the end of March will be $445,000
An approach to managing organizations that emphasizes the division of labor and favors hierarchy is the classical management approach.
Hierarchy is a system for placing people in different ranks or degrees of importance in society, company, etc. Like most other American companies with strict hierarchies, workers and managers had clear obligations. The lower the level of the pyramid, the more important your needs.
Hierarchy definition is a group of people or things arranged in a hierarchy or people at the top of such a system. An example of a hierarchy is the corporate ladder. An example of a hierarchy is the various levels of priests in the Catholic Church.
Learn more about hierarchy at
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Answer:
Matching the financial statement items to financial statement categories:
Financial Statement Items Financial statement
a. Notes payable to banks Liability (L)
b. General and administrative Expense (E)
c. Accounts payable
Liability (L)
d. Dividends payable Liability (L)
e. Retained earnings Shareholders' equity (SE
f. Cash and cash equivalents Asset (A)
g. Accounts receivable Asset (A)
h. Provision for income taxes[1] Expense (E)
i. Cost of goods sold Expense (E)
Answer:
It is an advance of the face amount of the policy
Explanation:
The life insurance policy with an added long-term care rider is a policy that suits people who prefers lifetime care benefits. This policy provides an amount (benefit) of the death benefit to pay for some long-term care expenses covered in the policy at any point in time the policyholder requires care. It is important to note that this benefit is simply an advance of the policy's face amount.
Answer:
A.
0.833
Explanation:
m = 3
Arrival rate, ra = 45 per hour
Service rate, re = 18 per hour per lane
Utilization factor = ra/(m.re)
= 45/(3*18)
= 0.833
Therefore, The utilization factor of the system is 0.833
