Answer:
Chester Company is the strongest Competitor
Explanation:
Chester company has developed a strategy of cost cutting to survive best among its competitors. It has cut its routine expenses and has lowered its cost of goods manufactured which can lead to profit maximization. The company has lowered its selling price and customers are more attracted to it because of its cheap price among all other companies supplying same products
Answer: Bonus pay plan of individual-level performance-based pay
Explanation:
In this scenario, an extrinsic reward used here is the bonus pay plan. An extrinsic reward simply means a reward that is being given to the employee of a particular company after a particular thing has been achieved.
Here, a bonus pay plan of individual-level performance-based pay is being used. A bonus is given to the employee for meeting a particular requirements. Bonus are calculated base on either the percentage of ones wages or salaries or by using a flat rate.
Answer:
C.
EXPLANATION:
The reason for the answer choice is because knowing your competitors will make a company to differentiate their product or services in the market, either through superior quality, low prices or strategic branding, etc to be able to improve their customer base and market share.
Answer:
Bank Reconciliation statement:
Bank's cash balance = Per bank statement + Deposits outstanding - Checks outstanding
= $22,346 + $1,725 - $1,300
= $22,771
Therefore, bank balance per reconciliation is $22,771.
Company's cash balance = Per general ledger - service fees
= $22,810 - $39
= $22,771
Therefore, company balance per reconciliation is $22,771.
Answer:
Net income will be too high
Explanation:
Since the advance cash is received for providing the services in the future so for recording this the journal entry is
Cash Dr XXXXX
To Unearned revenue XXXXX
(Being advance cash is received for providing the service in future)
Now if the company records the revenue without considering the unearned revenue which results the overstated in the revenue due to which the income is also raised.
