Answer:
<u>C) cross-functional</u>
Explanation:
- Aa per the teams that are made up of the different department of work the cross-functional team will be one that is most likely to be from the same hierarchy level of a flat organization but shows a mix of the finance, IT, human resource and telecom, etc, working towards a common goal.
- Have a high level of groupthink and periodicity and have a greater depth of information and work in a collaborated form may use, multiple channels
Property rights can help the entrepreneurs by enabling them to purchase capital and use it as they fit. having the rights means they can use the property for martgage and raise loans,or show as an asset and acquire capital on its worth. they can sublet the property and get resources from the rent as well
Answer:
C) The friend may sell the land only after formally foreclosing on the property.
Explanation:
The friend is not the current owner of the land, but he will be if he forecloses the property. The friend received the deed for security purposes, but the ownership was not transferred. This deed can be treated as a mortgage and the friend (creditor) needs to foreclose it thorough a judicial actions before being able to sell it to a third party.
The friend may sell the land, but only after formally foreclosing
Answer:
The answer is
Dr Warranty Expense $3,520
Cr Estimated Warranty Liability $3,520
Explanation:
Warranty expense is a contingent liability and it is defined as liabilities that may be incurred by a firm or business depending on the outcome of an uncertain future circumstance.
Current sales = $176,000
Warranty expense = $3,520(2% of $176,000).
The rule: Debit increases assets and expenses while credit reduces it.
Credit increases equity(stock), sales(revenue) and liabilities while debit reduces it.
Therefore the period entry is
Dr Warranty Expense $3,520
Cr Estimated Warranty Liability $3,520
