Adjusting entries

It was blood, bold and resolute, and it was an American sport. The sport of boxing had been played in Europe since the eighteenth century. It was not until the twentieth century when boxing became an American sport. At this time all Americans, regardless of race and financial status, could box. Any American athlete with a talent for boxing could make a sufficient amount of money that was enough to be successful. With technological advancements and increased political interest, boxing became…

1. Dicussion Porter's Five Forces analyzes the attractiveness and profitability of an industry by focusing on the threat level of various factors influencing that industry. These forces are listed and explained below. Competitive Rivalry Among Businesses Dunkin Donuts and Starbucks have a high rivalry among each other in the coffee shop industry. One reason for this is that not too many company are emerging in the coffee and breakfast industry, apart from various fast food places like McDonald’s…

How does The Ritz-Carlton match up to competitive hotels? What are the key differences? The Ritz Carlton follows the five servqual dimensions to match up with competitive hotels. The hotel trains employees with high responsibility to help customers and provide prompt service. Secondly, the hotel managers assure knowledge and courtesy of employees. They have ability to convey trust and confidence for their clients. The hotel aims to solve all of customers‘ problems during their stay. Thirdly, the…

1- Business exists within an external environment consisting of the actions of other players who are outside the business .In order to characterize the external environment ( the STEEP model ) use five headings of ( Sociological , Technological , Economic ,Environmental and Political ) Factors . 1. Sociological factors:- Their demographic changes in the age structure of the population and pattern of the works, Gender roles, the consumption pattern and the ways in which the culture of a country…

that the profits of established firms in the industry may be eroded by new competitors” (Dess et. al, 2016, p. 53). Internet-based and digital technologies have had a considerable impact on most industries, as these technologies lower barriers to entry. One of the largest factors…

External Analysis Porter’s Five Competitive Forces: Threat of New Entrants - Low For a new company to successfully enter the Integrated Oil & Gas Industry there is a requirement for significant capital investment in specialized machinery and equipment, skilled labor, and technology. After undergoing these initial sunk costs, a company will incur substantial costs associated with finding reserves, drilling, and developing these reserves. The industry is dominated by large firms that have…

Barriers of entry as the name indicates are the factors that prohibit firms from entering the industry. Monopoly exists when a single firm dominates the market because it is the only producer of a product and there are no close substitutes whereas oligopoly exists when a few large producers of identical / differentiated products dominate the market. In case of strong barriers pure monopoly exists due to the dominating firm effectively blocking all the potential competitors whereas in case of…

There are many types of barriers we face in life. For example, there are the types that we can bring upon ourselves, or sometimes there are the ones others place upon us. There can also be physical, emotional, and even financial barriers. Which can prevent us from achieving the things we want to accomplish in life. A barrier in short definition, as defined by the Marrian Websters School Dictionary is and I quote,”A material object, or set of objects that separates marks off or serves as a…

bookkeeper reviews the totals to be sure they match the journal entries and that all transactions have been recorded then makes sure that the debits and credits match. If there are errors, the bookkeeper is the one who uncovers and corrects them. The next step is adjusting entries. Adjusting entries are can fall into four categories: prepaid expenses, unearned revenues, accrued revenues and accrued expenses. The adjusting entries, in my experience are always prepared and recorded by a…

systems increase the quality of patient care, along with the use and integration of handheld devices? Computerized management systems provide many opportunities to increase the quality of patient care; one example is computerized physician order entry (CPOE). CPOE requires the physicians to enter their own orders for a patient in the computerized management system. CPOE is a huge benefit to patient safety and quality of care; this will allow for the elimination of legibility errors and…