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Slav-nsk [51]
3 years ago
8

Outsourcing of jobs from large corporations to domestic subcontractors has been one reason job have been become more insecure in

the U.S. recently.
a. true
b. false
Business
2 answers:
allochka39001 [22]3 years ago
8 0

Answer:

a. true

Explanation:

In Business management, outsourcing can be defined as a process which involves an agreement between two companies that allows for the provision of services or job functions by another.

When a company is outsourced, it engages the service of another company (third-party) to perform some of its duties rather than the use of an in-house department or employees to handle them. The outsourcing firm is saddled with the responsibility of physically distributing the goods or services of the outsourced company.

Hence, outsourcing simply means the use of supply chain partners of a large corporation to provide products or services for the end users or consumers.

In the United States of America, outsourcing of jobs and services from large corporations to domestic subcontractors (outsourcing companies) is one of the main reason job have become more insecure recently.

Vlad [161]3 years ago
5 0

Answer:

<h2>a.True .</h2>

Explanation:

<h3>Outsourcing of jobs from large corporations to domestic subcontractors has been one reason job have been become more insecure in the U.S. recently..</h3><h2>-----⟩ True.</h2>

hope it is helpful to you

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Georg, a german citizen, just purchased 10 shares of stock in microsoft, a u.s. company. this purchase is an example of
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3 years ago
Onslow Co. purchases a used machine for $178,000 cash on January 2 and readies it for use the next day at a $2,840 cost. On Janu
AVprozaik [17]

Answer:

Onslow Co.

Journal Entries:

1. Jan. 2: Debit Equipment $178,000

Credit Cash $178,000

To record the cash payment for equipment purchase.

2. Jan. 3: Debit Equipment $4,000

Credit Cash $4,000

To record the cash payment for readying the equipment for use.

3. Dec. 31: Debit Depreciation Expense $28,000

Credit Accumulated Depreciation $28,000

To record depreciation expense for the first year.

4. Dec. 31, Year 5: Debit Equipment Disposal$178,000

Credit Equipment $178,000

To transfer the equipment account to the Equipment Disposal account.

Debit Accumulated Depreciation $140,000

Credit Equipment Disposal $140,000

To transfer accumulated depreciation to the Equipment Disposal account.

a) Debit Cash $15,000

Credit Equipment Disposal $15,000

To record the cash proceeds from sale of equipment.

Debit Loss on Sale of Equipment $23,000

Credit Equipment Disposal $23,000

To record the loss on Equipment Disposal.

b) Debit Cash $50,000

Credit Equipment Disposal $50,000

To record the cash proceeds from sale of equipment.

Debit Sale of Equipment $12,000

Credit Gain on Sale of Equipment $12,000

To record the gain on Equipment Disposal.

c) Debit Cash $30,000

Credit Equipment Disposal $30,000

To record the cash proceeds from insurance company.

Debit Loss on Disposal $8,000

Credit Equipment Disposal $8,000

To record the loss on Equipment Disposal.

Explanation:

a) Data and Calculations:

January 2: Cost of used machine = $178,000

January 3: Readying costs = $4,000 ($2,840 + $1,160)

Estimated useful life = 6 years

Estimated salvage value = $14,000

Depreciable amount = $168,000 ($182,000 - $14,000)

Depreciation method = straight-line method

Annual depreciation expense = $28,000 ($168,000/6)

Accumulated depreciation at December 31, Year 5 = $140,000 ($28,000*5)

Disposal date = December 31, Year 5

Journal Entries Analysis:

1. Jan. 2: Equipment $178,000 Cash $178,000

2. Jan. 3: Equipment $4,000 Cash $4,000

3. Dec. 31: Depreciation Expense $28,000 Accumulated Depreciation $28,000

4. Dec. 31, Year 5: Equipment Disposal $178,000 Equipment $178,000

Accumulated Depreciation $140,000 Equipment Disposal $140,000

a) Cash $15,000 Equipment Disposal $15,000

Loss on Sale of Equipment $23,000 Equipment Disposal $23,000

b) Cash $50,000 Equipment Disposal $50,000

Equipment Disposal $12,000 Gain on Sale of Equipment $12,000

c) Cash $30,000 Equipment Disposal $30,000

Loss on Disposal $8,000 Equipment Disposal $8,000

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2 years ago
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