Answer:
Step 1.
Dr. Account Receivables
Cr Fees Earned
Being correction of error of fees earned wrongly debited to fees earned account
Step 2.
Dr. Account Receivables
Cr Fees Earned
Being Fees Earned on account
Explanation:
The error must have had a double impact on the account. If an amount meant to be credited to revenue account (fees earned) was wrongly debited, then the net effect is twice the amount involved. It is basically removing two instead of adding two to the account which gives a shortfall of four.
Therefore the correction will be in 2 steps:
1. A reversal of the wrong entry
2. The Posting of the right entry
Therefore:
Step 1.
Dr. Account Receivables
Cr Fees Earned
Being correction of error of fees earned wrongly debited to fees earned account
Step 2.
Dr. Account Receivables
Cr Fees Earned
Being Fees Earned on account
Answer:
No
Explanation:
As we know that
Return on investment = Net income ÷ Investment
where,
Net income is
= Sales - variable expense - fixed cost
= $100,000 - $60,000 - $40,000
= $0
And, the asset investment is $150,000
So, the return on investment is
= $0 ÷ $150,000
= 0%
The required return on investment is 25%
So, the new project should not be accepted as the return on investment is 0%
B) never changes.
C) increases annually.
D)decreases annually.
Answer: B. Never changes.
Explanation: A monthly fixed rate mortgage payment will NEVER change.
Hope this helped. :)
The term for two or more workers working together to accomplish a common goal is a 'team'. An example of a team is workers on an assembly line, each responsible for a specific task leading to a final product. The effectiveness of a team though depends on the synergy among its members.
The term for two or more workers functioning together to achieve a common goal or purpose is called a team. This term is frequently used in the business and corporate world. Teams are formed in response to various factors like shifts in technology, economics, globalization, and changes in workplace demographics.
One applicable example of team-working is an assembly line, where the labor is divided among different individuals, each responsible for a specific task (as shown in Figure 1.4). All the team members' work is interconnected and necessary for the accomplishment of the final product, thus working towards a common goal.
Team structures, however, do not always guarantee enhanced productivity, and are an active area of research. The effectiveness of a team greatly depends on the coordination, cooperation and communication among its members.
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The main force behind Taiwan's economy growth is Manufacturing. The correct option is c.
Taiwan's economy is a highly developed and market-based. It is the eighth largest in Asia and the twentieth largest in the world in terms of the parity of purchasing power, allowing Taiwan to be classified as an advanced economy through the International Monetary Fund. The World Bank ranks it among the high-income economies. Taiwan is one of the world's most technologically advanced computer microchip manufacturers.
Taiwan has evolved from a recipient of US aid in the 1950s and early 1960s to a donor of aid and a major foreign investor, in investments primarily in Asia.
Learn more about Taiwan's economy, here:
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Answer:
A current trend in management is to include customers and suppliers in the strategic planning process.
Explanation:
The process of involving the customers is called co-creation and is a popular business practice nowadays. E.G. The use of social media for naming the most recent album of a band.