Solution:
The journal entries for Geraths in 2020
July 1st Cr Dr
No entry No entry
September 1st Cr Dr
Cash 2000
Accounts receivable 400
Cost of goods sold 1100
Inventory 1100
Unearned service revenue 554
Sales Revenue 1846
October 15th Cr Dr
Cash 400
Unearned service revenue 554
Service revenue 554
Accounts receivable 400
Answer:
Option A is correct one.
Competing
Explanation:
When one person seeks to satisfy his or her own interests regardless of the impact on the other parties to the conflict, that person is using the conflict-handling intention of <u>Competing.</u>
When one person seeks to satisfy his or her interests regardless of the impact on the other parties to the conflict, he is competing. The competition involves authoritative and assertive behaviours.
The future worth of the periodic payment, in this case, annual, can be calculated through the equation,
FV = P x ((1 + r)^n - 1)/ r))
where FV is the future value, P is the periodic payment, r is the interest rate, and n is the number of years. Substituting the known values,
2,000,000 = P x ((1 + 0.06)^30 - 1)/ 0.06))
The value of P from the equation is $25,297.82
Hence, the answer to this item is the fourth choice.
Answer: Stereotypes can have positive (merits) and negative (problems) traits attached to it.
Explanation:
A stereotype is an over generalized, predetermined belief about a category of individuals.
Merits:
Stereotypes can help to make a perception of someone, thus filling in missing information about that person.
Stereotypes can also place individuals into certain pre - established groups, which help to organize info much more efficiently.
Stereotypes can allow one to respond to problems quicker by applying past experiences that may seem similar to the current situation.
Problems:
Generalizations about people are made, as their differences are ignored and assumptions about them are created.
Stereotypes can create employee discrimination. This is when an employee is treated differently because of a certain category that they belong to.
Stereotypes can also make it difficult for people to change their perceptions of a person with regards to qualities that may be in conflict with the stereotype.
The cost of goods sold for the year is $500.
Since FIFO method is to be used, the cost of goods sold for the year should be the cost of its first purchase regardless of when the product is actually bought. Thus, the cost of goods sold for the year is $500 ($500 × 1).
