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Sav [38]
3 years ago
10

For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance.

Business
1 answer:
Brilliant_brown [7]3 years ago
8 0

Answer and Explanation:

As we know that

The assets, expenses, and the dividend contains the debit normal balance while the liabilities, revenues and the stockholder equity contains the credit normal balance

Based on this, the classification are as follows

Particulars    Debit Effect  Credit Effect  Normal Balance

(1) Salaries and Wages Expense Increase  Decrease  Debit

(2) Accounts Receivable  Increase  Decrease  Debit

(3)Service Revenue           Decrease Increase          Credit

(4) Dividends                            Increase  Decrease  Debit

(5 Retained Earnings          Decrease Increase          Credit

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What is market power?
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I would say the correct answer is B. t<span>he ability of a company to change prices and output like a monopolist. Market power is basically the power of a particular company to manipulate the price of the product and thus affect all other participants, as well as customers. Monopolists have the greatest market power; conversely, in an ideally balanced economy, nobody would have market power. All participants would have equal chances and nobody would dictate the terms to others.</span>
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You are the newly assigned project manager to a major IT upgrade project in your global company. How will you determine the risk
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Answer:

I have to identify the risk factors in the project and then gauge the willingness of the company to take such risks.

Explanation:

Risk tolerance is the willingness of an organization or an individual to take certain risks. The risk tolerance level of a person or organization can be classified as either high or low. For a project manager who wants to determine the risk tolerances associated with his project, he has to first identify the risk factors, and then try to know the risk level and if indeed this level is acceptable within the organization's culture and standard.

The project manager would do well to plot a graph that would show the probability of a risky action happening or not. A risk tolerance line is now obtained from where the project manager can know if that risk is tolerable by organization standards. The extent of job security would also help in determining the amount of risk a manager can take. However, they are still expected to stay within the standards of the organization.

8 0
3 years ago
The following costs were incurred in May:
algol13

Answer:

d. $55,600

Explanation:

Direct Labor = $34,000

Manufacturing Overhead Cost = $21,600

Conversion Cost = Direct Labor + Manufacturing Overhead Cost

Conversion Cost = $34,000 + $21,600

Conversion Cost = $55,600

So, the conversion costs during the month totaled $55,600.

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What are the three conditions for a market to be perfectly​ competitive? For a market to be perfectly​ competitive, there must b
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There are 4 conditions that make a market to be perfectly competitive:

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  2. All the sellers produce identical products or services.
  3. There are no barriers for entry or exit.
  4. All the buyers and sellers are price takers, no one can set the price at their own will.

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3 years ago
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