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3 years ago

____ refers to how the organization meets goals and deals with outsiders

Business

2 answers:

Paraphin [41]3 years ago

8 0

External adaptation, hope that helps!

djyliett [7]3 years ago

4 0

The answer is D. External Adaptations.

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Q 4.24: At the end of March, Paul’s Painting hired five temporary employees to work on a project that began on April 5 and ended

Nookie1986 [14]

Answer:

At the end of March, Paul’s Painting hired five temporary employees to work on a project that began on April 5 and ended on April 28. Paul’s received 100% of the total payment for the project on May 3. In this situation, both cash basis accounting and GAAP require that Paul’s recognize the employees’ total salary expense in April.

Explanation:

A collection of accounting rules and standards usually followed, for financial reporting is known as GAAP (generally accepted accounting principles) .

For businesses, GAAP needs accrual accounting.

Accrual accounting operates on the basis of matching both revenue and expenses. Revenues and the related expenses occur concurrently, though the cash transaction concerning thereto might happen in some other period.

In the situation given in the question, the revenue from the project is earned in April, subsequently, the salary expense related to that work should also be recognized in the same period due to an accrual basis.

7 0

3 years ago

Read 2 more answers

An effective Financial Management Process is dependent on a number of factors. Crucial is the establishment of a sound system of

Margaret [11]

Answer:

Internal control area: it is responsible to stablish monitoring process in all the areas of the organization that prevent unlawful practices that are not in compliance with the regulations, laws or any external norm applicable to the company.

Key areas: below find 3 areas as subjects important to control and 3 areas as departments within the company

prevention of reputational risk, prevention of credit risk, prevention of operational risk.

Internal audit area, Compliance area, Legal area.

Key controls:

dual controls in the manufacturing of products prevent operational errors
due dilligences of the commercial area regarding the customers that stablish a relationship with the company
setting manuals that contain how the procedures must be done.

8 0

3 years ago

_______________ also includes ensuring that you are effectively providing this benefit service (be it feeding the homeless, prot

Ostrovityanka [42]

Protecting the environment

7 0

3 years ago

What is the formula to work out profit

Nitella [24]

The main feature of this lesson is the equation P(x) = R(x) - C(x). Other important equations to remember are as follows: The breakeven point is when revenue equals cost, or when the profit is zero. Maximum profit will occur when marginal revenue equals marginal cost, or when the marginal profit is zero.

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2 years ago

During 2020, Concord Corporation acquired a mineral mine for $3700000 of which $395000 was ascribed to land value after the mine

Ivanshal [37]

Answer:

$429,650

Explanation:

Cost of Mineral Mine $3,700,000

Less: Ascribed Land Value $395,000

Depletionable Value $3,305,000

No of units can be extracted from Mine = 10,000,000 units

No of units Sold = 1,300,000 units

Depletion Value = $3,305,000/10,000,000 * 1,300,000

Depletion Value = $429,650

6 0

3 years ago