Answer: The correct answer is b).meet the information needs of a company's managers and other users of its financial statements
Explanation: Chart of accounts refers to list of accounts of an organization. It shows at a spot how an organisation receives money and spends money.
Chart of accounts contains Assets, Liabilities, Income, Expenses and Equity.
Answer:
<em>d. regressive tax.</em>
Explanation:
Because as we can see on the given statements that lower income people come to buy grocery than the higher income people, so the 10-cent fee for disposable bags will come under regressive tax, as we know that regressive tax is a tax in which is taken or collected largely from the lower income people than the higher income people.
<em>So, the correct option will be OPTION (d).</em>
Answer:
Answer for the question:
Crane Company uses the LCNRV method, on an individual item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item D Item E Item F Item G Item H Item I Estimated selling price $122 $112 $97 $92 $112 $92 Cost 77 82 82 82 51 37 Cost to complete 31 31 26 36 31 31 Selling costs 10 18 10 20 10 20 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items above.
is given in the attachment.
Explanation:
Answer:
Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
Explanation:
Answer:
bureaucratic control
Explanation:
Bureaucratic control is a management style that tries to control the behavior and performance of the employees through reward or price mechanisms.
In order to achieve its purpose, bureaucratic style managers use a system of standardized rules, processes and verification procedures.
