For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance total to be unequal, indicate whether the debit or
credit total is higher and by how much. a) The adjustment for unearned fees of $3,260 was journalized as a debit to Accounts Payable for $3,260 and a credit to Fees Earned of $3,260. b) The adjustment for supplies expense of $425 was journalized as a debit to Supplies Expense for $542 and a credit to Supplies for $425.
a) The trial balance totals will still be equal, but the balances of Unearned Fees and Accounts Payable will be incorrect as the debit should have been made to Unearned Fees instead of Accounts Payable.
b) The debit total exceeds the credit total by $117.
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Hiromi started a new job with a growing consulting firm and was surprised to find that most employees had no job titles. A coworker explained that the founders wanted to create a level playing field, allowing motivated employees to seek leadership roles on a project-by-project basis. No job titles, here, is an example of
A. stabilizing structure. B. measuring activities. C. increasing accountability. D. embedding culture. E. reinforcing hierarchy.
When you put some callers through, and take messages from others, the process is called ____________________ and is frequently used to avoid interrupting busy people
Fill in the blank(s) with the appropriate word(s).
Which approach to capacity management would use production machinery that can be changed easily from producing one product to another?
A) Time flexibility from workforce B) Use of subcontracting C) Use of dual facilities—dedicated and flexible D) Designing product flexibility into the production processes
A tenancy for a set period of time that is automatically renewed for the same amount of time unless canceled is a
a. tenancy at sufferance. b. tenancy for years. c. periodic tenancy. d. tenancy at will.