Five members of the board must hold valid cosmetology licenses and shall have been working as cosmetologists for at least five years in this state. This statement is TRUE.
- A seven-member Board of Cosmetology is established inside the department. Its members will be selected by the governor and confirmed by the Senate, and its job will be to carry out the terms of this act.
- The rest of the unexpired terms on the board may be filled by the Governor at any time.
- Each appointee must take the constitutional oath of office and submit it to the Department of State before beginning their duties as board members.
- The board will choose a chair and vice chair from among its members in the month of January.
- The board will hold as many meetings as it considers necessary throughout the year, one of which will be the annual meeting.
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Answer:
b) $12 million
Explanation:
The new Book Value of the firm at the bigining of next year is $12 million.
In the calulation of Net Pfofit, Interst on loan has already been deducted, so deducting it from the total calculation will be wrong.
hence, only dividend paid will be removed from the addition of the Book Value anf the Net profit.
Closing balance = Opening Book Value + Net Profit - Dividend Paid
Note - The Net Profit is already ne of interest on loan.
Closing balance = $10 + $5 - $3
Closing balance is $12
Two Scoops uses the information to track cash, sales revenue, and expenses daily. This type of accounting system facilitate effective decision making by the following ways.
<h3>What is accounting system?</h3>
An accounting system is a collection of accounting operations with built-in controls.
Effective decision making through given accounting system are-
- This strategy would ensure that the business was completely aware of its daily sales and what the counter balance ought to be at any given moment.
- It would be simple to make business decisions that are in line with the needs of the firm and not just arbitrary decisions based on reality contacts thanks to the data obtained from this procedure being ready to put in to excel sheets and be shown in the form of various charts.
- Since they are aware that the accounts are regularly audited, store staff would not want to take part in stealing from the cashier.
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Answer:
Kathy should seek quotes from various rental space providers.
Explanation:
Kathy should make a decision to rent of renovate the building based on cost. The major criteria for decision making is based on the monetary factors. Rent for the new space will be compared with the renovation cost in order to reach to a final decision.
