Answer:
Labor
Explanation:
There are four factors of production that include land capital entrepreneurship and labor. They are the inputs in production. Labor involves the contribution of human beings by providing skills, time, and energy in output generation.
By employing young workers, Passerine is adding labor into the business. The young workers will acquire skills useful in the production process. They will spend their time and energy working for Passerine, who will compensate them by paying them wages.
Answer:
Explanation:
a. The preparation of the retained earnings statement for the month ended November 30, 2018 is presented below:
Healthy Products Company
Retained Earning statement
For the month ended November 30, 2018
Beginning balance of retained earning $2,940,000
Add: Net income $93,500
Less: Cash Dividend paid -$7,000
Ending balance of retained earning $3,026,500
b. As the trial balance, income statement, and the statement of the stockholder equity that comprise of common stock and the retained earning is prepared before preparing the balance sheet. Because the amounts are required to preparing the balance sheet
I believe the answer is: new offering realization process
This process includes all efforts conducted by the orgnization in its effort to develop new products for the market. This process is made to ensure that company able to follow the market trend and does not lose its consumers base. It also help the company getting a head start over its competitors in the market
Answer:
Benchmarking.
Explanation:
Benchmarking refers to a process that continuously identifies, understands, and adapts outstanding processes found inside and outside an organization. Well-run organizations compare not only against competitors (where possible) but against best-in-class organizations as well.
This ultimately implies that, benchmarks are used to measure a firm's products, services, or processes performance in comparison with another business firm that are considered or assumed to be the best in that industry.
<em>Hence, many business firms use benchmarking as a tool to identify and explore opportunities lying within them (internal opportunities). </em>
Answer and Explanation:
The Journal entries are shown below:-
1. Maintenance and Repairs Expense Dr, $150
To Cash $150
(Being cash paid is recorded)
Here we debited the maintenance and Repairs Expense as expenses are increasing and we credited the cash as assets are decreasing.
2) Equipment $700
To Cash $700
(Being cash paid is recorded)
Here we debited the equipment as assets are increasing and we credited the cash as assets are decreasing