Answer:
False
Explanation:
The preparation of journal entries is very important in transaction recording process, it is utilized in recording transactions either to the general ledger or via subsidiary ledger into the accounting system.
When preparing journal entries two fields are very important, the account title also called account name and the account number or account code. To prevent accounting or recording error, the account codes are selected using the drop-down menu which displays the account title or account name. This enables the account clerk to verify before posting.
Answer:
True
Explanation:
A vision is something that can be seen so that will people can be motivated to move towards it. An effective vision is a vision that has a direction, clear, purposeful, challenging, unique and inspiring to people working towards the vision.
Important characteristics of an effective vision is that it be purposeful and challenging. An effective vision is said to be purposeful when it the organisation and its people derive a a larger sense of purpose from it making them to feel as part of something bigger. An effective vision is challenging when it challenges, stretches and sets a high standard for the company.
Therefore, an effective vision stretches and challenges people and can result in increased innovation as illustrated by Apple's CEO Steve Jobs.
Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.
<h3 /><h3>What is Stakeholder buy-in?</h3>
Stakeholder are important people in the business or company.
They usually have a share in a business or organization. Some of them are committed to a company with their substance and are usually involved when making important decision.
Therefore, Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.
Learn more on Stakeholder below
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Answer:
19.119
Explanation:
Based on the information given we were told that today's report reflected the prices for the month of June contract in which the Settle price was 19.119 which Simply means that the Settle price amount of 19.119 will be the price per troy ounce which will be used for today's marking-to-market for this contract.
Therefore the price per troy ounce that will be used for today's marking-to-market for this contract will be 19.119
Answer and Explanation:
The computation is given below:
As we know that
The Variable cost per unit is
= (Highest activity cost- Lowest activity cost) ÷ (Highest activity units- Lowest activity units)
Particulars Total Cost Units
Highest units 111,250.00 5,475.00
Lowest units 6,250.00 225.00
Difference 105,000.00 5,250.00
Variable cost per unit 20.00
Now
Fixed cost= Highest activity cost- (Highest units × Variable cost per unit)
= $111,250 - (5475 × 20)
= $1,750.00