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Xelga [282]
2 years ago
11

Answer the following statement true (T) or false (F)Shayla, the electronics department manager at a local Best Buy store, has a

good working relationship with her employees. She believes in an open-door policy, and she encourages the open exchange of opinions in her department. Shayla utilizes the directive style of management.
Business
1 answer:
e-lub [12.9K]2 years ago
3 0

Answer:

False

Explanation:

Under directive leadership, the leader assigns tasks and ensures they are accomplished timely and uses imperative or commanding approach. Directional leaders direct their employees and assign tasks and usually do not consider subordinate participation in decision making process.

The given information corresponds to democratic or participative leadership style wherein the leader is open to views and ideas of his subordinates.

Here Shayla follows an open door policy, and is open to exchange of ideas and opinions. This is democratic form of leadership.

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On November 15, Meier Company received $3,000 cash from a customer for services that were performed on November 1. According to
Leya [2.2K]

Answer:

November 1

Explanation:

As per generally accepted accounting principles (GAAP), when the goods or services are delivered the revenue should be recorded and the transaction done in all respects.

The principle of revenue recognition occurs when the revenue is realized or earned, whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here means that the consumer receives the product but the payment is made later.

Therefore, the revenue should be recorded on November 1

7 0
2 years ago
Pricing objectives are derived from broader marketing objectives. Organizations using a multisegment marketing approach to marke
spin [16.1K]

Answer:

True

Explanation:

An organization that makes use of multisegment marketing approach is undoubtedly a big company that have established name for itself. This means that, the organization or company is well known and that it is an household name in the industry. Therefore, such company has the capacity of using multisegment marketing approach.

But a small company will only make use of one pricing method, this is to attract people to its products. And avoid competing with the established organizations. So, in the process, creating name for itself.

8 0
2 years ago
Sunland Company took a physical inventory on December 31 and determined that goods costing $190,500 were on hand. Not included i
Sergio [31]

Answer:

$241,500

Explanation:

Calculation for What amount should Sunland report as its December 31 inventory

December 31 inventory per physical count $190,500

Add Goods-in-transit purchased FOB shipping point $29,000

Add Goods-in-transit sold FOB destination $22,000

December 31 Inventory $241,500

($190,500 + $29,000 + $22,000 = $241,500)

Therefore What amount should Sunland report as its December 31 inventory is $241,500

8 0
1 year ago
From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30, 2020. All account balances are n
prohojiy [21]

Answer:

Amaro Company

Trial Balance

June 30, 2020

                                                            Debit                             Credit

Cash                                                   $ 5800                                 $

Accounts Receivable                            $ 3000                             $

Equipment                                            $17,000                              $

Accounts Payable                                     $                                 $  8100

Cleland, Capital                                         $                                $ 15,000

Cleland, Drawing                                     $ 1200                              $    

Service Revenue                                             $                              $ 10,000

Salaries Exp                                                 $5100                              $

<u>Rent Expense                                              $ 1000                             $ </u>

<u> Total                                                           </u><u> $ 33,100                    $ 33,100</u>

Trial balance is a list of all ledger accounts and cash book.

It can be prepared any time during the accounting period.

The debit and credit side of the trial balance are equal.

Expenses are debited . Drawing is an expense therefore it is debited.

3 0
1 year ago
g On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 11% bonds with a book value of $966,500. The indenture s
pentagon [3]

Answer:

The loss on early extinguishment is $8677.5

Explanation:

First of all,one needs to compute the carrying value of the bond as at the date of the call in order to determine the loss on early redemption.

carrying value =book value+interest expense-coupon payment

book value is $966,500

interest expense=$966,500*13%*6/12=$62,822.50  

coupon payment=$1000,000*11%*6/12=$55,000

carrying value=$966,500+$62,822.50-$55,000=$ 974,322.50  

Loss on redemption =call price -carrying value of the bond

call price is $983,000

loss on early redemption=$983,000-$974,322.50  =$8,677.5

4 0
2 years ago
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