Answer:
1) The $30,000 will be posted to the debit side of the Cash account.
2) The $30,000 will be posted to the credit side of the Common Stock account.
Explanation:
Answer: a. Material symbol
Explanation:
When talking about the Material symbols of Organizational Culture, those unspoken norms and behaviours that explain to you the type of Organization you are in are what are being referred to.
Materials symbols explain the type of culture in an organization by conveying information on the Equality level of the employees as well as the type of performance and behaviour expected of them.
They can be expressed through dress codes, company cars and even offices given to a certain cadre of Employees.
Seeing as the above scenario deals with the dress code, it most likely falls under an Organization's material symbols.
Answer: The answer is C. Inspection requires both product tear down and product reassembly.
Explanation: The aim of quality-control inspections is to ascertain whether a product has been made according to specifications, and whether there are any defects in the products.
Therefore quality-control inspections will involve product tear down, in order to check the component parts of a product for quality assurance, and product reassembly is carried out after the product tear down to reassemble the products if it is discovered that it meets quality standard.
Answer:
A) ability of Big Lots to imitate Wal-Mart's tightly integrated activity map.
Explanation:
Competitive advantage of a company is it's ability to leverage on unique capabilities and resources to gain more market share than others.
In this instance Big Lots is competing favourably by imitating unique capability of Walmart which is highly disciplined merchandise cost and inventory management system.
A business can imitate another's strategy in order to better compete with them.
For example acquiring a company to increase scale of operations to match a competitor.
Answer:
The Journal entry is as follows:
On July 1,
Cash A/c Dr. $439,200
Finance charge Expense A/c Dr. $10,800
To Financing arrangement A/c $450,000
(To record the amount of borrowings)
Workings:
Finance charge expense = ($600,000 × 1.8%)
= $10,800
So, cash account = $450,000 - $10,800
= $439,200
