Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
<h3>What is Partnership?</h3>
This refers to the arrangement where parties, known as business partners, agree to cooperate for a mutual benefit.
Hence, we can see that Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
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<u>Calculation of retained earnings beginning balance:</u>
Retained earning beginning balance can be calculated using the following formula:
Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends
Hence using the given information we can solve the equation as follows:
3,050 = Retained earning beginning balance + 1935 – 1065 - 550
3,050 = Retained earnings beginning balance +320
Retained earnings beginning balance = 3050-320 = $2,730
Hence, Retained earnings beginning balance is <u>$2,730</u>
The work sheet reduces <u>risk of errors</u> when working with many accounts and adjustments.
<h3>What is a
work sheet?</h3>
A work sheet means an internal document used by companies to help with adjusting, closing accounts and preparation of financial statements
Some benefit of work sheet in preparation of financial statement includes:
- its reduces the possibility of errors when working with many accounts and adjustments
- its links accounts and adjustments to their impact on financial statements
- its helps in preparing interim financial statement
- its shows the effects of proposed or "what-if" transactions.
In conclusion, the work sheet reduces <u>risk of errors</u> when working with many accounts and adjustments.
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Answer: To make it more likely that the results are not due to a few unusual individuals or circumstances
Explanation: Particular reasons are as follow:
- To check as much data as possible for better results.
- To ensure that the data works same for an individual ,organisation.
- To find all possible error related to data and experiment.
- This is a necessary task for greater satisfaction by doing all kinds of experiment.
- For finding all types of Variables and Variation .
Answer: B. The indicator of success was inappropriate.
Explanation:
The new policy was implemented to get 25% reduction in absenteeism. However, if vacations are also counted as absenteeism how would one specify if the policy introduced was successful or not?
Therefore, the success parameter was vague and there should be other parameters in order to judge the success of the new policy implemented.
