You’re quicker to catch on to things that you notice in every day life
Answer: D) not been recorded and unearned revenues have.
Explanation:
Accrued revenue is a term used to describe a sale that has been recognized by the seller, but which has not yet been billed to the customer. Accrued revenue is needed in order to match revenues with expenses. The absence of accrued revenue would tend to show excessively low initial revenue levels and low profits for a business, which does not properly indicate the true value of the organization.
Unearned revenue on the other hand is the money received from a customer for work that has not yet been performed (in advance payment). This is an advantage to the seller who now has the cash to perform the required services. Unearned revenue is a liability for the recipient of the payment.
Answer:
$445,000
Explanation:
Calculation for the total assets of Quality Galleries at the end of March
First step is to find the balance in the Cash account at the end of March
Cash account balance =$360,000 - $60,000 - $35,000 + $18,000
Cash account balance = $283,000
Now that we have know the Cash account balance the Second step is to calculate for total assets at the end of March
Total assets = $283,000+ $180,000 - $18,000
Total assets = $445,000
Therefore the total assets of Quality Galleries at the end of March will be $445,000
Answer:
B) Cross-Functional
Explanation:
A cross-functional team is a group of workmates from different functional departments who collaborate to achieve a common goal. Organization create cross-functional teams to work as a unit on a specific project. The teams are temporary and get dissolved once the project is completed.
Cross-functional teams help an organization get better results more quickly. The team is composed of experts from different sections which eliminates the need for too much internal consultations. The organization gets high-performance results due to the composition of the team.
Answer: Slander of title
Explanation:
Slander of title is referred to as incorrect statement about a person or business property, products and so on. This form of public statement might be written or oral which result in harm or financial loss to the person’s property title. For example: a claim of ownership of an artwork of another person or company. Thus, it is an attack on the reputation of a business property by another party.