<span>One of the young and
successful entrepreneur Mubarak Muyika of Kenya. AT age 20 years old, he founded
Zagace Limited is a software helping companies evaluate their inventory:
accounting, payroll, stock management, marketing, etc. Next is Bheki Kunene of
South Africa. AT age 27, he founded Mind Trix Media providing jobs and a
profit.</span>
Answer:
The Correct Answer is C.
Graphics
Explanation:
The Advantages of using Graphics in presentation or reports are such as:
- Graphics can help illustrate some topics better than the diagrams or static texts.
- Graphics is portable and editable.
- Graphics can gain and hold attention.
- Interactivity can help in the learning process which makes it much easier and understandable.
- Entertaining as well as Educational.
- Hyperlinks to other websites, documents, reports, and presentations.
Answer:
Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.
Explanation:
Closing Entries
a. Accounts Payable: No it is not closed to income summary account.
b. Advertising Expense: Yes it is closed to income summary account.
c. Cost of Merchandise Sold: Yes it is closed to income summary account.
d. Dividends : No these are closed To Retained Earnings Accounts.
e. Merchandise Inventory : Yes it is closed to income summary account
f. Sales Yes it is closed to income summary account
g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.
h. Supplies Expense: Yes it is closed to income summary account
i. Wages Payable: Not closed in the income summary account.
These are liabilities and included in the balance sheet.
Answer:
$3,000 favorable
Explanation:
The computation of actual and budgeted costs is shown below:-
Budgeted Actual
(18,000 units) (18,000 units)
Variable $54,000
($48,000 ÷ $16,000) × $18,000
Fixed $270,000
Total $324,000 $321,000
Therefore, Actual cost is less than Budgeted, so the difference between actual and budgeted costs is $3,000 is favorable.
Answer:
(A) Decrease
(B) Increase
(C) Frictional
Explanation:
An decrease in the price of cotton will cause all the cotton producing firms to put Strategies in place that will help them to cut the costs of operations which will include the REDUCTION OF THE MANPOWER OR WORKFORCE.
When the price of raw materials or inputs used in the production processes of a given product reduces, IT WILL ENABLE THE COMPANY TO WANT TO INCREASE ITS PRODUCTION CAPACITY WHICH WILL ALSO INVOLVED AN INCREASE IN MANPOWER OR WORKFORCE.
Frictional Unemployment is a type of Unemployment caused by seasonal changes such as reduced demand, reduced price of products etc or people changing jobs due to certain factors.
