Answer:
c. An addition to (or a deduction from) the beginning balance of retained earnings
Explanation:
A prior period adjustment is the correction of an accounting error that occurred in the past and was reported on a prior year's financial statement, net of income taxes. Prior period adjustment are reported in the statement of retained earnings as an increase or a decrease in the beginning retained earnings. Therefore, the adjusted beginning retained earnings balance is the amount that retained earnings would have been if the error had not been made.
Answer:
<u>Network </u>
Explanation:
A network type of organizational structure is characterized by a less hierarchical levels, with greater decentralization and more flexibility.
Such an organization is inter connected by informal social networks based upon the requirements of a task instead of a formal structure.
In this kind of organizational structure, reporting requirements ain't pre defined and it arises as per the need and as per the extent of coordination. It promotes direct communication and eliminates bureaucracy as decision making does not require approval from multiple levels.
In the given case, the company does not actually produce or market the bread indicates the existence of intra-company networks which perform those tasks.
Similarly, the fact that there are very few employees who are majorly top executives or of clerical level, indicates elimination of multiple levels of organizational hierarchy.
Thus, it represents a network organizational structure.
The best answer for this question would be:
<span>b. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises.
Because originally the jet skis came from the country they originated from so the quality is original and more trusted to the consumers. </span>
<span>Personal selling requires the two-way flow of communication between a buyer and a seller, often in a face-to-face encounter, designed to influence a person's or a group's purchase decision. When meeting with people in person, it allows for conversation to flow back and forth smoothy and communication is much better. Having face-to-face meetings allows the buyer and seller to connect on a different level then if it were email, phone or another type of communication.</span>
Answer:
The correct option is C,small investors cannot efficiently diversify their portfolios, assess credit risk of borrowers, or advertise for needed investments.
Explanation:
Financial intermediaries are those institutions that link the surplus side,those with cash surplus to requirement and the deficit side,those that are short of the required amount of cash for investment purposes.
Financial intermediaries as experts in the field have the requisite knowledge of the market,skills and experience to diversify portfolio.
Diversification involves ascertaining the various instruments the funds available be invested in and the proportion to invest in each .
It is also noteworthy to determine the credit risk of the borrowers to ascertain how risky the investment is and the appropriate level of return.
Finally,the intermediaries advertise the needed investments,for instance an Initial Public Offer could be advertised by prospectus.
