Answer:
1. Date General Journal and Explanation Debit Credit
Cash $20,000
Common Stock $20,000
(To record investment in stock)
Cash $900
Service Revenue $900
(To record revenue earned in Cash)
Cash $10,000
Unearned Service Revenue $10,000
(To record advance receipt)
Cash $3,500
Accounts receivables $3,500
(To record cash received)
Cash $5,000
Notes Payable $5,000
(To record issuance of note)
2. Question missing.
Solution :
In the context, it is given that foreman in a construction company is responsible for the workers who are unskilled labors.
1. The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. But here in this case, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.
2. This may result into frauds to the company. If the segregation of the duties is not implemented, then the company is at risk. This is because a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. So this can result in a fraud if the foreman wants to do fraud. But distributing the work among two employee will reduce the risk of fraud as one employee many not be willing to do fraud.
Answer:
A
Explanation:
Nonprofit corporation are corporations that do not earn profits. Revenue earned are usually used in the running of the business or for they are donated.
These type of corporations are usually tax exempt. Their activities usually range from religious, charitable or scientific activities
Renata and Danuta are running a charitable organisation that would be catering for homebound destitute
Answer:
Po = D1/1+ke + D2/(1+ke)2 + D3/(1+ke)3
Po = $1.40/1+0.14 + 1.75/(1+0.14)2+ $2(1+0.14)3
Po = $1.2281 + $1.3466 + $1.34998
Po = $3.92
Explanation:
The current value per share is equal to dividend paid in each year discounted at the appropriate cost of equity capital of the firm.
Po = Current value per share, D represents dividend paid and ke = return on equity(discount rate)
Answer:
A.Labor cost; proximity to customers
Explanation:
The key country success factors would be responsible for the country success i.e. labor cost and for the factors related to region success is the customer proximity i.e to become important for business success
Therefore the correct answer is labor cost and the customer proximity
Hence all the other options are incorrect
