Answer:
affect both income statement and balance sheet accounts
Explanation:
Adjusting entry is commonly said to affects one income statement account which is the revenue or expense account. It also affect one balance sheet account which can be an asset or liability account. It usually result in a better revenues and expenses matching for the period.
They are refered to as the entry usually made at the end of at the end of the period to a given or assigned revenues to the period in which they were earned and expense to the period of being incurred.
Adjustments had five major categories which are accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation. It is widely known that for every adjusting entry, it must affects at least one income statement account and one balance sheet account.
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Demand is the volume of a commodity or service that buyers are willing to purchase in the market at a given price. Supply refers to the quantity of service of a product that suppliers are willing to avail in the market for sale. The law of supply and demand illustrates the interactions between buyers and sellers.
As prices increase, sellers are willing the supply more, but buyers will want to buy fewer quantities. The opposite is also true. Products that provide a higher utility value will always attract high prices. If such products are scarce, their prices are bound to go even higher.
Nokia's workforce experienced interruptions as a result of transformations. Old talents became less significant and new skills were required. Employers needed encouragement from managers to adjust to the changes. Managers needed to be leaders.
<h3>
Leadership Qualities of a Good Manager</h3>
- Motivates Others: This might be the most crucial characteristic among all those that distinguish successful managers. An organization's success is frequently fueled by its capacity to empower team members and support each individual's pursuit of excellence.
- Demonstrates Honesty and Transparency: The latter category includes good managers, who typically exhibit a high degree of candour regarding their work. Because of this, both their managed staff and their overseeing executives are confident in their managerial abilities.
- Effectively communicates: Employees are having trouble understanding a manager's requests if poor communication is present. A good manager has strong, situation-specific communication skills. He or she might be able to convey strategic goals to a room full of executives as well as identify extremely specific goals for a project team.
Learn more about good managers here:
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By definition we have that the capital is equal to the Assets minus the liabilities.
In other words, we have:
C = A-P
Where,
A = Assets
P = Liabilities
C = Capital
Clearing assets:
A = C + P
A = 368000 + 186000
A = 554000
answer:
The assets are $ 554,000
The demand of the buyers on products are supplied by the market.
