Answer:
D. Economic resources = creditor financing + owner financing
Explanation:
The economic resources in accounting are:
- the liablities; which represent the loans and credit term made by third parties (creditor financing)
- and equity which represent both, the actual nvestment and the retained earnings(owner financing)
Both, are used to obtain an maintain the assets which arethe economic use of the resources.
All three levels of professionals are required to run an organization or a business smoothly. Justify this statement.
Answer:
It is TRUE that All three levels of professionals are required to run an organization or a business smoothly.
The three levels of professional required are:
Top-level management
Middle-level management
Low-level management
Explanation:
Top-Level Management
Top-level managers or professionals are the people that involve in taking an extensive means of actions or decisions for the firm or business as a whole and focus on the long-term success of the business or company. They take up roles such as Chief Operations Officer (COO), ), Chief Financial Officer (CFO), Chief Executive Officer (CEO), etc.
Middle-Level Management
Middle managers or professionals are an essential part of an organization and they are involved in the intermediate management operation whose responsibility involved supervising the lower-level managers to meet the company's goals. For example, they are General managers, branch managers, department managers, etc.
Low-Level Management
Low-level managers or professionals are a core part of organizations, they ensure there is a practical technique and creativity with strong interpersonal skills to maximize particular operational processes to achieve organizational success. For example, they are Office Manager, Shift Supervisor, Store Manager, etc.
The answer to the following question:
<span>How does the point of view used in "Battling the Digital Jolly Roger" differ from "The Completely Free Market" and affect the reliability of the article? A. The author uses first person, and conducts interviews with the CEOs of the major Internet companies, which offers a different perspective on the issue. B. The author uses first person, having helped to write SOPA, defending his or her position on why online piracy must be stopped. C. The author uses third person, but includes some first person interviews, which gives the reader a variety of opinions to choose from. D. The author uses third person, objective, presenting facts, which makes the article more reliable.
is:
</span>B. The author uses first person, having helped to write SOPA, defending his or her position on why online piracy must be stopped.
Answer: A. All of these
Explanation: Change Control is the process companies uses to document, identify and authorize changes to an environment or process. It assists in reducing the chances of unauthorized modifications, disruptions and errors in the system/process and therefore follows a specific pattern towards its implementation. This would include: Change request identification, assessment, analysis, approval or rejection, and finally implementation. All these from start to finish is usually documented in the change request log.
Answer:
B) $15,000
Explanation:
Even though the leasehold improvements have an estimated useful life of 10 years, Ames should amortize them in 8 years since they are not certain about renewing the lease contract.
amortization per year = $120,000 / 8 = $15,000
Since Ames has only leased the office for one year, then the accumulated amortization should be $15,000
