Answer:
Yes this statement was an error and its effect on financial statements of Woods will be that asset ( equipment in this case) would be overstated and obviously the net income of the company would also increase.
Explanation:
Here Woods accountant has made the error of debiting the cost of $500 on the asset account ( equipment) , which shouldn't have happened as the asset accounts have natural debit balance which means that when an amount is debited to the asset account it will increase the value of the asset.
So therefore here we can say that the asset here is overstated and if the assets are shown overstated it is natural that the income reflected would also be overstated.
Answer:
The bureaucratic control system
Explanation:
bureaucratic control system can be regarded as a formal system of control that are been used in the accessment of the performance of employee in an organization. It involves the using of rules, records as well as rewards to influence , hierarchy of authority and written documentation in the performance accessment.It should be noted that bureaucratic control system involves Influencing behavior through norms and expectations set by the organization’s culture.
Answer: Worsen; benefits
Explanation:
Specific Automakers is signing a long term contract with the union who are the representative of workers.
Real wages should increase by = 2%
Expected inflation = 5%
Nominal wage increase = 7%
Actual inflation = 6%
Actual inflation is greater than expected inflation, so this would worsen the union and it is beneficial for the automakers because now real wage increase is only:
= Nominal wage - Actual inflation rate
= 7% - 6%
= 1%
This is an example of re-distributive cost of inflation.
Correct answer is C, Creativity.
Asking yourself, What can i do to build a loyal customer base?, is an example of Creativity.
When a person in an organization is creative and wants to build a loyal customer base, he asks himself that how can he build it. He finds out ways to build a loyal customer base. He innovates, he takes out the best creativity out of him. When he is focusing on asking himself the solutions, he is basically creative who is seeking answers within himself.
No.hard or long process to receive unemployment benefits, in Illinois, it takes up 2 8 weeks to receive benefits..mostly they judge unimploy. on hours worked for that year 2 date.
