Answer:
Capital items; process materials; business devices.
Explanation:
Business strategy sets the overall direction for the business as it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
The information technology (IT) strategy is an integral part of the business strategy because it presents the technological or technical framework and infrastructure required to achieve a successful business plan, objectives, mission and goals.
In this scenario, Johanna is looking to set up a new drilling company. First, she would need capital items such as offices and heavy machinery.
Since she is starting from scratch she will need other things as well. The company will require process materials such as industrial glue and oils to run the machinery smoothly. Since the venture is new, she will need lots of help. The company will have to employ a legal team and a marketing team as part of the business devices that the company will require.
Answer:
Explanation:
Depreciation: It is a reduction value in the assets due to tear and wear, usage of fixed assets, obsolesce. The depreciation expense is shown in the income statement whereas the accumulated depreciation is shown in the balance sheet under the assets and this amount is deducted from the value of the fixed assets
The adjusting entries are shown below:
For equipment:
Depreciation expense A/c - Equipment Dr $3,600
To Accumulated depreciation - Equipment $3,600
(Being depreciation expense adjusted)
For land:
No journal entry is required as land is not depreciated.
The expected increase in revenues is $2,20,000
.
The expected increase in costs is $1,40,000.
The Selling price per unit for the new 10,000 units order is $22. So, increase in revenues is to the extent of (10,000 × $22).
The question assumes excess capacity, hence fixed expenses will remain the same. The increase in Variable costs to the extent of (10,000 × $14) will contribute to an increase in costs.
Answer:
b. Be more explicit in the solutions you can provide.
Explanation:
The opening pitch used in the question is quite good, but it could be better if more emphasis was made in the specific solution that your company is offering to the client.
If feels that the pitch is a bit too unwind, and does not lead directly to the solution that is being sold.
The necessary journal entries for October month are attached below in the image :
<h3>What do you mean by journal entries?</h3>
All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.
All the necessary journal entries are attached below:
Learn more about journal entries:
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