<span>Probationary period undergoing the training program. A person is new to the job and learns the job that he undergoes everyday.</span>
Answer:
explicit cost
Explanation:
The explicit cost will be the accounting expenses, those which are related to business operations like: materials, labor, rent, insurance and others.
This cost will be presented in the income statement and determinate the net income for the firm.
In constract for the explicit cost there are implicit cost. Those cost are related to output we renounce for using the factor in the current business (interest from a banking account instead of in investment in a forniture business; wages from another job instead of being entrepreneur)
Answer:
The answer is false
Explanation:
Market price minus profit equals target cost and not target price.
Answer:
Please see below
Explanation:
Jan 2.
Dr Cash $13,100
Cr Owner equity $13,100
(Being owner's capital contribution to the business in form of cash)
Jan 3.
Dr Vehicle $3,930
Cr Cash. $3,930
(To record the purchase of used car in form of cash)
Jan 9
Dr Supplies. $655
Cr. Accounts payable $655
(To record supplies purchased on account )
Jan 16
Dr Account receivable $3,144
Cr Revenue $3,144
(Being the record of revenue earned on credit)
Jan 16
Dr Advertising expenses $459
Cr Cash $459
(Being the record of advertising expenses paid in cash)
Jan 20
Dr Cash. $917
Cr Account receivable $917
(Being the record of partial collection receivables)
Jan 23
Dr Account payables $393
Cr Cash $393
(Being the record of payment made to creditors)
Jan 28
Dr. Owner equity $1,310
Cr. Cash $1,310
(To record owner's withdrawal of capital in form of cash)
Answer:
The correct answer is letter "E": To a large extent, the decision to dissolve a firm through liquidation versus keeping it alive through reorganization depends on a determination of the value of the firm if it is rehabilitated versus the value of its assets if they are sold off individually.
Explanation:
Liquidation refers to the termination of an enterprise and the transfer of its properties to the creditor or business owners. The liquidation most frequently happens in the context of a bankruptcy. A bankruptcy trustee must sell the company properties to the creditors and split the proceeds.
<em>The decision of keeping a business against liquidating it will depend on the comparison between the value of continuing operating which relies on the current value the firm has in the market against the value of the individual assets the firm has. Whichever greater will determine if the business will remain open or if it will be closed.</em>
