Answer:
<em>Control</em>
Explanation:
The control cycle <em>is the incremental process in which tests are prepared, tracked, reviewed, and updated. </em>
The control cycle is widely used to continually monitor organizational expenditures and system flows.
The assumption when applying the control cycle to budgeting is that each subsequent iteration of the budget will be changed based on the information obtained when comparing the initial budget with actual results.
First of all, let us calculate the annual gains: they are 80000-60000=20000$. In three years, the profit will be 3*20000=60000$. Hence, the break-even investment would be 60000$. For a year after that, the profit will be 20000$; hence the return on investment would be 20000/60000=33,33% per year. After 6 years, the investment would have yielded a 100% profit (return on investment).
I would say about every 30 minutes, because if not then you would have poor posture, and back problems.
Answer:
True
Explanation:
The net revenue or net loss would be expressed in the retained earnings account statement.
The computation of the ending retained earning balance is shown below:
The ending balance of retained earning = Opening balance of retained earnings + net income or net loss - cash dividend paid
These are the closing entries which are shown below:
Income summary A/c Dr
To Retained earning
(Being the difference is credited to retained earning)
Retained earnings A/c Dr
To Cash Dividend A/c
(Being dividend account is closed)
Answer:
That statement is true.
Explanation:
Most companies require this type of procedures to ensure that the employees wouldn't scam the customers during the transaction process.
Restating the total and the total changes allow the guests to conduct a self-calculation for the purchase, ensuring whether the price is suitable to the price tag that provided on the counter. This prevent the employees from giving a higher price to the customers and taking the additional amount for themselves.
