In a case whereby firm’s expenses equal or exceed its revenue, the actions that might be taken by management is To check their production process and check the cost of their input.
<h3>What are expenses?</h3>
This are the cost of inputs that the company put into production of their goods and services.
When expense is higher than revenue then the organization is running at loss, but when the revenue equal to the expenses, there is no Gain.
Therefore, the actions that might be taken by management is to check their production process .
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Answer:
helping and communicating
Explanation:
word done by several associates with each doing a part but all subordinating personal prominence to the effeciency of the whole
hope it helps
source: merriam webster
Answer:
120 seconds (2 minutes)
Explanation:
Standard time = normal time + allowances
The normal time is computed using the following formula
normal time = observed time X ratings/100
observed time mean = (84+76+80+84+76)/5 = 80
A person who is 25% faster has a rating of 125%
normal time = 80 X 125/100 = 100 seconds
Allowances is calculated as a percentage of normal time
Allowance = 80 X 20/100 = 20 seconds
Standard time = 100 + 20 = 120 seconds
<u>Answer:</u> Option B
<u>Explanation:</u>
Under recording the liability in the balance sheet such as accounts payable may become a liability fraud case. It is significant that the balance sheet has to be analysed using the acid test ratio which is quick assets/current liabilities. If this ratio has increased suddenly then it is clear that the accounts payable is understated.
Unearned revenue/ accounts payable ratio is used to determine the current liability of the company. This ratio cannot be used to find the under recorded accounts payable.