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3 years ago

Planning an annual budget is an important requirement for A. being financially sound.

1 answer:

6 0

Consider the word in question: budget.
Budget is in reference to a limit on money.
Answer B, C and D do not relate to money.
Being financially ($$$) sound is the correct answer.

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7. A decrease in supply will result in which of the following?

Inga [223]

Explanation:

C. Both demand and supply change

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2 years ago

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Which of the following statements is correct about the connection between cost centers and revenue?

Mazyrski [523]

Answer:

B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.

Explanation:

Cost Centers are functions where costs are accumulated.

Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.

Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.

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3 years ago

Milk sold in clear bottles might be low in ___.

anygoal [31]

Tempurature. This is because if it is in any other container, it could absorb the sun's heat, making the milk warmer. With the clear bottle, the sun's heat will mostly pass through it.

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3 years ago

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’"People in business get ahead by exploiting the needs of their consumers. The gains of business are at the expense ofsuffering

damaskus [11]

Explanation:

This question is imprecise, because the reason for the existence of business is to satisfy the needs of consumers, being characterized as an economic activity whose main objective is to generate profits.

Therefore, the economic needs of society are not met by companies at the expense of the suffering imposed on their customers, since the goods and services produced exist to satisfy the human needs necessary for a better quality of life.

It is also important to emphasize that, currently, there is a new interaction between company and consumer, where there is a much more direct relationship, where there is a social demand that companies be much more than just profitable entities, consumers expect companies to exercise a social role of contributing to the social and environmental development of the macroenvironment in which it is inserted. Therefore, a company that does not exercise corporate governance in the globalized world, has little conditions to remain in the market in the long run.

8 0

3 years ago

After the accounts are closed on February 3, 2016, prior to liquidating the partnership, the capital accounts of William Gerloff

Ivanshal [37]

Answer:

Partnership of William Gerloff, Joshua Chu, and Courtney Jewett

1. Statement of Partnership Liquidation

William Gerloff Joshua Chu Courtney Jewett

Capital accounts $19,520 $4,080 $22,180

Share of loss (9,960) (4,980) (4,980)

Capital balances $9,560 (900) $17,200

Cash receipt 900

Payment of cash (9,560) $0 (17,200)

Balance 0 0 0

Cash balance:

Cash on February 3, 2016 = $4,880

Sale of non-cash assets = 36,020

Total cash balance = $40,920

Payment to creditors (15,040)

Cash deficiency receipt 900

Cash balance $26,780

2. Journal Entries:

Debit Capital accounts:

Gerloff $600

Jewett $300

Credit Chu $900

To allocate the Chu's capital deficiency to the two partners.

Debit Capital accounts:

Gerloff $8,660

Chu $16,900

Credit Cash $25,560

To distribute the remaining cash.

Explanation:

a) Data and Calculations:

Capital account balances:

William Gerloff $19,520

Joshua Chu $4,080

Courtney Jewett $22,180

Cash = $4,880

Non-cash assets $55,940

Creditors = $15,040

Income and losses sharing ratio = 2:1:1

Sale of non-cash assets = $36,020

Loss from the sale = 19,920

Statement of Partnership Liquidation (With Chu declaring bankruptcy):

William Gerloff Joshua Chu Courtney Jewett

Capital accounts $19,520 $4,080 $22,180

Share of loss (9,960) (4,980) (4,980)

Capital balances $9,560 (900) $17,200

Allocation of deficiency (600) 900 (300)

Payment of cash (8,960) $0 (16,900)

Balance 0 0 0

5 0

3 years ago