Answer:
Asset Account is decreased.
Liability Account is also decreased.
No effects on Capital Stock.
No effects on Retained Earnings.
Explanation:
Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.
Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.
This transaction will have no effects on Capital Stock Account and Retained Earnings Account.
Answer:
$106,500
Explanation:
The computation of the total stockholder equity is shown below:
Total assets = Total liabilities + stockholder equity
where,
Total assets = Current assets + fixed assets
= $741,000 + $592,000
= $1,333,000
And, the total liabilities is
= Current liabilities + long term debt
= $533,500 + $693,000
= $1,226,500
So, the total stockholder equity is
= $1,333,000 - $1,226,500
= $106,500
Answer:
universality of management
Explanation:
To contemporary management theory, universality in management can be described as an important concept to remember. If we identify management as standardized we relate to the prevalent management method in all kinds of organizations.
The universal essence of management means the transition of organisational skills from one type of business to the next. If that is the situation, a person would probably experience little trouble moving from one sector to the next, from the government to the market, from business to state, from school to company, or within the same entity from one branch to another.
Thus, from the above we can conclude that the correct answer is universality of management.
Answer: Option D
Explanation: In simple words, benchmarking refers to the process in which the company sets the standards of performance based on the industry averages or from the performance of their competitors.
The benchmarking is done for the future reference so that the actual results could be compared with the set standards and the performance of the managers could be evaluated.
Hence from the above we can conclude that the correct option is D.
Answer:
Limited company (LTD)
Explanation:
Limited company allows the organization to issue ownership shares that can be sold to investors to help with finances. It also let her give shares as payment to a co-founder who knows more about manufacturing products than herself.
