Answer:
The correct answer is false
Explanation:
The business model design process consists of five phases; mobilize, understand, design, implement, and manage.
You could make bath gonna
Answer:
The journal entry which is to be recorded is shown below:
Explanation:
Contract Price A/c...................................Dr $500,000
Cost of constructionA/c.........................Dr $150,000
Revenue A/c................................Cr $2,000,000
As the company recording the revenue, so the revenue account is credited. It involves the cost of construction which is debited and the contract price account is debited.
Note: The options are missing. So, proving the journal entry in the answer.
Answer:
The answer is: D) continue flying until the lease expires and then drop the run.
Explanation:
Currently Cold Duck Airlines is losing money:
It only gets $1,000 in revenue per flight but spends $1,150 per flight (net loss of $150 per flight).
They should continue flying only until the lease contract expires. Usually lease contracts apply penalties if they are terminated early. We don't know the penalty amount but still it is never good to breach a contract.
Answer:
The answer is: C) Approving vendors’ invoices for payment.
Explanation:
Within an organization, the duties of authorizing payments, record keeping and asset custody have to be assigned to separate business units or departments. One single department shouldn't authorize payments and make them. There would be no possible control over what they are doing.
For example, if the treasury department is able to authorize payments, instead of paying $1,000 for an invoice they could pay $50,000 and no one would be able to discover the fraud committed.
