Value added per employee is a financial measure of how much product was sold vs. how many employees worked during the

What should an adjustment letter focus on?a. Explaining the resolution to the problem b. Preventing a recurrence of the problem

ivanzaharov [21]

Answer:

The correct answers are letters "A", "B", and "C": Explaining the resolution to the problem; Preventing a recurrence of the problem; Communicating compliance.

Explanation:

Adjustment letters are communications with legal nature from companies to customers who filed a claim. The main purpose of the letter is to politely inform the client that the claim was received, what steps were taken to analyze the situation, what is the final resolution after the study and what will be done as a result. The ultimate goal of the adjustment letter is to keep a good relationship with the customer so they can continue doing business.

8 0

3 years ago

Which of these statements about a business plan is true?

ioda

Answer:

C. A business plan is a business’s roadmap for the future.

Explanation:

A business plan states formally the goals of the company; it shows the tasks that must be performed to reach those big goals and shows the financlal ways that could or should be used to accomplish the goals.

The business plan permits to understand how the business work and, thus, gives the basis for future actions. It is a tool of organization, direction, and communication, and the basis to develop a financial plan. In brief words: what the company wants to do and how it inteds do it.

A. Businesses do not need to document a business plan.

FALSE.

The business plan must be formal, not just an idea or view in the mind of the owners or managers, as such it must be documented.

B. Established businesses do not create a business plan.

FALSE.

Business plans change with time. As much as starting business, established business must periodically review the conditions and goals and update, or even importantly change the business plan.

C. A business plan is a business’s roadmap for the future.

TRUE.

Business plan gives direction, the ways to reach the goals, the tasks to be performed.

D. A business plan guarantees a business’s success.

FALSE.

Success is never guaranteed. Risk is intrinsic to all the human activities. Complexity of human interactions and changing circumstances do not permit to guarantee that a plan guarantees the success. That is why business plans must be revised and ajusted or changed to adapt the goals and the actions to be the most sucessfull possible, but without guarantees.

6 0

3 years ago

The following facts relate to Krung Thep Corporation. 1. Deferred tax liability, January 1, 2014, $40,000. 2. Deferred tax asset

Vika [28.1K]

Answer:

A.Taxable income $95,000

Enacted tax rate (40%*$95,000)

Income tax payable $38,00

B.Dr Income Tax Expense 80,000

Dr Deferred Tax Asset 14,000

Cr Income Tax Payable 38,000

Cr Deferred Tax Liability 56,000

C.Net income $120,000

Explanation:

Compututation of income taxes payable for 2014.

Taxable income $95,000

Enacted tax rate (40%*$95,000)

Income tax payable $38,000

(b) Journal entry

Dr Income Tax Expense 80,000

Dr Deferred Tax Asset 14,000

Cr Income Tax Payable 38,000

Cr Deferred Tax Liability 56,000

c)

Income before income taxes $200,000

Less Income tax expense

(Current $38,000+Deferred 42,000) 80,000

Net income $120,000

4 0

3 years ago

List two reasons why it is a good idea to analyze all the cost(s) of using a credit card before making a purchase.

beks73 [17]

1. Your parents don’t yell at you
2. You can manage your money evenly

7 0

3 years ago

A device or technique that ensures production of a good unit every time is a __________.

uysha [10]

A device or technique that ensures production of a good unit overtime is a poka-yoke.

The Japanese term Poka-Yoke means mistake proofing. Poka means mistakes and yoke(ru) means to avoid. This technique helps eliminate defects by way of human errors since they often occur. You will find this technique used in a lean manufacturing process.

3 0

3 years ago