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WINSTONCH [101]
3 years ago
9

Why does the term debit not always mean increase and credit does not always mean increase.

Business
1 answer:
GrogVix [38]3 years ago
3 0
Sometimes you will use Debit to increase an account (ie: Assets) and sometimes you will use Credits to increase an account (ie: Liabilities)
You might be interested in
Barney Corporation recognized a $100 million preferred stock balance on 12/31/2019.
mrs_skeptik [129]

Answer:

C. $120m

Explanation:

As per the given situation, the calculation of the ended year the preferred stock is shown below:

Ending preferred stock balance

= Beginning balance of preferred stock + new issuance of preferred stock

= $100 million + $20 million

= $120 million

Therefore, for computing the ending preferred stock balance we simply applied the above formula and ignore all other values as they are not relevant. So the correct answer is C.

5 0
4 years ago
At the beginning of the video, Priya ends her presentation by asking her colleagues to imagine "a world where you never have to
olchik [2.2K]

Kurt Lewin developed a change model that talks about creating a perception in the mind of the people that a change is needed,then taking adequate steps to bring about that change and then standardizing the new mindset .

Explanation:

Priya is exhibiting the First stage (Unfreezing)of Kurt Lewin change model.

There are three stages of Kurt Lewin Model:

  1. Unfreezing:This stage talks about changing the mindset of the people by helping them understand why change is required
  2. Changing:Taking appropriate steps to bring about the change.In this stage people resist the change because they are in a state of confusion and are very unsure about the change.
  3. Freezing:This stage involves freezing the changes that have taken place.A stage where the changes have been standardized

In the Beginning of the video Priya is talking about bringing the change ,by asking the colleagues to imagine "a world where you never have to wait in line for your groceries again!"

4 0
4 years ago
Bryan Corporation decided to purchase a plant site. Bill Shephard, a newly elected director, has owned a desirable site for many
tatiyna

Available options are:

A. The sale would be proper only upon requisite approval by the appropriate number of directors and at no more than Shephard's cost, thus precluding his profiting from the sale to the corporation.

B. The sale would be void under the self-dealing rule.

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

D. The sale would not be proper, if sold for the present fair value of the property, without the approval of all of the directors in these circumstances.

Answer:

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

Explanation:

The reason is that the transaction is arms length transaction and in this transaction the payer pays the amount that he must pay for an equivalent item which we call an fair value payment. The receiver here is a director though but he is receiving an legitimate price and this price is fair value of the property so he is not required to mention his profit share because the company is paying him fair value of the property.

4 0
3 years ago
Read 2 more answers
OKRs can be executed in stages. The first stage would be keyed to a deadline and then then once the project is completed and run
DerKrebs [107]

Answer:

b) false

Explanation:

OKR is a goal-setting method used by companies. It is impleemented using following steps

  • Communicate the OKR
  • Choose a tool used for OKR
  • Organize the Company's OKR
  • Set the company's OKR
  • Set every single OKR for teams, departments and Individuals
  • Make the changes in OKR if required
  • Approve the OKR
  • Evaluate the OKR at each period end.

So, the OKR cannot be implemented in a single step and it requires multiple steps.

Hence the given statement is false.

4 0
3 years ago
____________ result(s) from factors such as manufacturing products in very large quantities, buying inputs in bulk, or making mo
Delicious77 [7]

The question is incomplete, it lacks option.

A) Brand loyalty

B) Demographic forces

C) Political forces

D) Brand positioning

E) Economies of scale

Answer:

Economies of scale

Explanation:

Economies of scale can be described as a reduction in cost, this occurs when companies increases the rate of their production.

Economies of scale can also be reffered to as a process whereby an organization becomes more efficient and therefore reduces the costs of their products.

Economies of scale can be greatly influenced by a large amount of capital which is made available to companies to improve their various operations.

4 0
4 years ago
Read 2 more answers
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