Answer:
A) decentralized
Explanation:
Decentralized -
A decentralized business or a company is the one where the executive place of the company plays an important role in decision - making .
The business is segregated into two or more units , where the manager have the authority and the responsibility to look after the units , is refereed to as a decentralized business .
Answer:
A) $11,023.73.
Explanation:
The computation of the cash balance is shown below:
= Bank statement balance - outstanding checks + bank rejected two deposit checks
= $14,856.73 - $4,962.19 + $1,129.19
= $11,023.73
For determining the cash balance we simply deducted the outstanding checks and deducted the deposit checks so that the accurate amount could come
The correct answer is C) overallocated.
When using a normal costing system, yearend accounting records will show that indirect costs are overallocated.
This means that in any business, overallocation is when resources are not correctly allocated to the departments or activities needed. SO when planning a project, overallocation can be the mistake of assig more resources to one side of the project, department, area, or unit. This implies the idea that other departments or activities are gings to lack the proper funding to do their work. Of course, overallocation can affect the results of the project or the time is needed to get it done.
Answer:
Cash (Debit) $2,000
Sales (Credit) $2,000
Cost of Merchandise Sold (Debit) $1,250
Merchandise Inventory (Credit) $1,250
Explanation:
Cash (Debit): Cash increase because it is a Cash Sale, cash increases by debit.
Sales (Credit): to register the sale, Sales(income) increases by credit
.
Cost of Merchandise Sold (Debit): to record the cost of the merchandise sold, the costs increase by debit.
Merchandise Inventory (Credit): to record the inventory output of the merchandise sold, inventory decreases by credit.
Answer:
S/n Date General Journal Debit Credit
a Jan 01 Cash $44,000
Bonds payable $44,000
b June 30 Interest expense $2,200
($44,000*10%*6/12)
Cash $2,200