Answer:
Effectiveness, Efficiency in management to achieve organisation goals/ objectives - survival, profit & growth : can make some firms consistently outperform industry averages
Explanation:
Effective & Efficient Management , keen to make organisation achieve its short term & long term goals : can make firm(s) outperform industry average.
Management is the art of getting things done with the aim of achieving organisation goals/ objectives . Organisational objective include : Survival , Profit (market standing) & Growth (innovation) . Effectiveness (getting things done on time) & efficiency (getting best output out of least input) are core aspects of organisation goals achievement.
Good management is very crucial to an organisation's successful performance. It can make organisation achieve right targets at the right time in the right manner. This correct coordination of activities, time & manner can make an organisation realise its potential to the fullest & outshine in its industry.
Bad because than it gives no competition off other businesses which essentially is not good because than the monopoly will dominate and become way too powerful and totally crush the economy.
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
Answer:
Debit: Accounts Payable $ 5,000
Credit: Merchandise Inventory $ 5,000
Explanation:
Credit note:
A credit note is a document issued by the supplier, when:
-
Supplies are returned or found to be deficient by the recipient -
- When goods supplied are returned by the recipient or goods/services supplied are found to be deficient by the recipient, the supplier should issue a Credit Note.
- The credit note serves the purpose of reducing the value of the original supply.
Preparing journal entries with respect the given situation.
Debit: Accounts Payable $ 5,000
Credit: Merchandise Inventory $ 5,000
Life insurance
business insurance
car/vehicle insurance
home insurance
