The Petty Cash fund account has a normal ________ balance.
Fill in the blank(s) with the appropriate word(s).
debit
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Distinguish between a mechanistic organization and an organic organization. Think about a company you have worked with (or currently work with). Is it more mechanistic or more organic? Give three reasons for your response.
What will be an ideal response?
Under U.S. GAAP, which of the following items would require a lessee to classify a lease of equipment as a capital lease?
a. There is no transfer of ownership to the lessee at the end of the lease term. b. The lease does not contain a bargain purchase option. c. The lease term is 90% of the estimated economic life of the lease property. d. The present value of the contractual minimum lease payments is 75% of the fair value of the leased property.
The "flex" in the flexible budget formula occurs in the variable cost segment
Indicate whether the statement is true or false
Which of the following can be a source of conflict?
a. Values, goals, and priorities b. The need to succeed c. Change d. Limited resources e. All of the above