Answer:
The normal balance of liabilities is a credit.
Explanation:
In the double entry system one account must be debited in order for the other to be credited.
There are different balances for each account. For the accounts with normal credit balance a credit causes it to increase while a debit decreases it.
For accounts with negative balance a credit reduces its balance while a debit increases its balance.
- Asset: Debit
- Expense: Debit
- Dividends: Debit
- Liability: Credit
- Owner’s Equity: Credit
- Revenue: Credit
- Retained Earnings: Credit
Liabilities are debt owed by a business. When payment is given out to settle a debt (a debit) it reduces to amount a business owes.
If more loans are collected (a credit) the liability figure increases.
So liability has a normal credit balance
Answer: Improving an organization processes
Explanation:
According to the given question, the benefits of the corporate wikis is that improving an organization process, enhancing the expert contributors and also makes the work flow more easy.
By improving an organization process we analyze all the processes in the business and also optimize the quality.
The organization processes is basically used in an organization for the planning purpose and we can also accomplished the goals for the decision making framework.
Therefore, Improving an organization processes is the correct answer.
Answer:
i would say b , but im not 100% sure, good luck!
Explanation:
Answer:
C. a building would be a fixed factor of production in the short run
Explanation:
A fixed factor of production are factors of production that cannot be readily varied with production level or output e.g. building, equipment.
A variable favor of production are factors of production that can be easily varied with production. E.g. labour
In the long run, all factors of production can be varied.
Insurance is an expense.
Food is the output produced by the restaurant.
I hope my answer helps you
