The Following Events Took Place at Forrest's Tree Service During

question 102

Essay

The following events took place at Forrest's Tree Service during the first quarter of the year.Determine Forrest's net income for each month,including a quarterly total,under both the cash and accrual basis of accounting.
a.Performed tree services in January - billed clients for $5,000.
b.Monthly saw sharpening - January,February,March - $500 per month.
c.Collected $2,500 from January clients on February 10th.
d.Performed tree services in February - billed clients for $8,000.
e.Employees are paid every other month,salary expense is $5,000 per month - paid on February 28.
f.Performed tree services in March - billed clients for $10,000 - also collected remaining January balance and $5,000 due from February.

Explain the main tenets, criticisms, and applications of major development theories including dependency theory and modernization theory.

Define and analyze the role of technological advancements in facilitating globalization.

Discuss the reasons and implications of locating production facilities of developed country companies in underdeveloped countries.

Recognize the influence of globalization on international political, economic systems, and social structures.

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Definitions:

Empowerment

The process of granting individuals or groups the power, authority, and resources to make decisions, take action, and influence outcomes in their work or community.

Rewards

Benefits, privileges, or compensations given to individuals or groups in recognition of their achievements, behavior, or effort.

Decisions

The process of making choices between alternatives to achieve a goal or solve a problem.

Resides

Refers to where something or someone is located or lives.