Answer:
d. the suspense account
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
In Financial accounting, if a trial balance totals do not agree, the difference must be entered in the suspense account
Answer:
(E)
Explanation:
Referent power is effective in any form of business activity. It is something which inspires the employees and to see their managers as a role model. In the above example, my supervisor has referent power over me because I consider him my role model. Some supervisors have certain interpersonal skills which help them to become a role model and a good manager.
Answer:
Involvement with the organization can lead you from a participant role to a work grup role. For example, If a person gets involve as a volunter with a organization teaching kids in developing countries the volunter might become a great professor and the organization might hire him/her as a part of the work group that manage that program.
Another way of getting a job from being part of an organization is belonging to a professional asociation this organization gives status to the profesional and rise the cahnces of being hire.
Answer:
The correct answer is b. Adjusting revenues to only include organic revenue growth.
Explanation:
One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.
The applications that can be had among others are the following:
Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.
Another application will be to know the external financing needs for the period you want to know.
The most common and practical method of projecting financial statements is based on sales.
Answer:
<em>Before setting your prices, it's wise to research industry standards- B.</em>
