Answer:
The correct answer is letter "B": Is a method used to evaluate changes in financial data across time.
Explanation:
Horizontal analysis compares the balance sheet or income statement of an entity over two or more periods. It is called horizontal analysis because it arranges numbers side by side to make direct comparisons so that improvements can be seen more easily.
Answer:
(a) Calculate the total contribution margin generated by the normal volume of medium pizzas in a week.
contribution margin per pizza = $12.99 - $4.50 = $8.49
total contribution margin = $8.49 x 600 = $5,094
(b) Calculate the total number of medium pizzas that would have to be sold during the 1-cent sale to generate the same amount of contribution margin that results from the normal volume.
new contribution margin = ($13 / 2) - $4.50 = $2
in order to have the same contribution margin, they would need to sell $5,094 / $2 = 2,547 pizzas
Answer:
The correct answer is option B) A diverse team is better than a homogeneous team <u>in situations where the team must reach the performing stage of team development quickly.</u>
Explanation:
Diverse teams will bring broader ideas and new perspectives to the table and will also be more productive and much more desirable to work for.
Increased team diversity results in better decision making. According to the research, teams outperform individual decision makers 66% of the time, and decision making improves as team diversity increases
Diversity can help ensure that a team has the skills and knowledge necessary for the successful completion of tasks on time.
In situations where the team must reach the performing stage of team development quickly, diverse teams with a god management system is the best option as tend to be more creative and achieve goals more efficiently.
Answer and Explanation:
The Journal entries are shown below:-
1. Maintenance and Repairs Expense Dr, $150
To Cash $150
(Being cash paid is recorded)
Here we debited the maintenance and Repairs Expense as expenses are increasing and we credited the cash as assets are decreasing.
2) Equipment $700
To Cash $700
(Being cash paid is recorded)
Here we debited the equipment as assets are increasing and we credited the cash as assets are decreasing
Answer:
A debit to Depreciation Expense
A credit to Accumulated Depreciation
Depreciation Expense $2000
Accumulated Depreciation $2000
Explanation:
The purpose of depreciation is to achieve the matching principle of accounting. That is, a company is attempting to match the historical cost of a productive asset to the revenues earned from using the asset. It is difficult to precisely match the contribution of the asset to a company's revenues, so the asset cost is designated to the years in which the asset is used.
The accounting entry is:
A debit to Depreciation Expense
A credit to Accumulated Depreciation
Depreciation Expense $2000
Accumulated Depreciation $2000