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victus00 [196]
2 years ago
10

Gord Larose and his friend David Allan worked in Ottawa at Nortel Networks, a giant telecommunications-equipment maker. One Frid

ay afternoon, over a few beers in Larose's kitchen, they dreamed up a scheme for renting software over the Internet. Instead of quitting their jobs, they reported to work on Monday, explained their plan to their boss, and began working to make their idea a reality. Four years later, their idea has evolved into an important division of Nortel called Channelware. Larose and Allan are examples of____________.
Business
1 answer:
butalik [34]2 years ago
5 0

Answer:

intrapreneurs

Explanation:

An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company.

An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future.

The intrapreneur is generally given autonomy to work on a project that may have a considerable impact on the company. Over time, an intrapreneur may turn into an entrepreneur.

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Barnett Industries, Inc., issued $600,000 of 8% bonds on January 1, 2019. The bonds pay interest semiannually on July 1 and Janu
Vera_Pavlovna [14]

Answer:

1. The selling price of the bonds is $590.976.46

2 .The journal entry for the issuance of the bonds and bond issue costs would be as follows:

                                                      Debit                          Credit

Cash                                             $538,976.26

Discount on bonds payable       $39,023.74

Unamortized bonds issue costs $22,000

                                       Bonds Payable                       $600,000

3. Assuming that Barnett uses IFRS,  the journal entry for the issuance of the bonds would be as follows:

                     Debit                      Credit              

Cash             $600,000

          Bonds Payable             $600,000

Explanation:

In order to calculate the selling price of the bonds we would have to calculate first the present value of particular and present value of interest, hence:

present value of particular=($600,000×0.414643)=$248,785.80

present value of interest=$600,000×4%13.007936=$312,190.46

Therefore, selling price of the bonds=present value of particular+present value of interest

1. Selling price of the bonds=$248,785.80+$312,190.46=$590.976.46

2. The journal entry for the issuance of the bonds and bond issue costs would be as follows:

                                                      Debit                          Credit

Cash                                             $538,976.26

Discount on bonds payable       $39,023.74

Unamortized bonds issue costs $22,000

                                       Bonds Payable                       $600,000

3. Assuming that Barnett uses IFRS,  the journal entry for the issuance of the bonds would be as follows:

                     Debit                      Credit              

Cash             $600,000

          Bonds Payable             $600,000

4 0
2 years ago
Dawn Corp. uses a standard cost system. During the year, both the labor rate variance and the labor efficiency variance were unf
Kisachek [45]

Answer:

Option A is the correct answer (Increases - Increases)

Explanation:

If Dawn had allocated the variances to work in progress rather than on cost of goods sold. Current ratio would increases and the net income would increase also. This is because writing off the variances to cost of goods sold would automatically result into a lower operating income than if it was either prorated to work in progress, finished goods, and cost of goods sold.

8 0
2 years ago
Which sentence best completes the diagram?
Nadusha1986 [10]

A central bank raises interest rates on reserves

7 0
2 years ago
Read 2 more answers
Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue
Vinil7 [7]

Answer:

D. added to the balance according to company

Explanation:

The bank reconciliation must have included an item that was<em> added to the balance according to company.</em>

5 0
2 years ago
Read 2 more answers
The owner of touchdown sports bar wants to develop a time standard for the task of mixing a specialty cocktail. in a preliminary
katen-ka-za [31]
<span>100 observations needed for desired accuracy and confidence. The formula for the confidence of a sampling is: ME = z*d/sqrt(n) where ME = Margin of error z = z score for desired level of confidence d = standard deviation n = number of samples The z score desired is calculated as follows. If you want a 95% confidence, you calculate 1 - 0.95 = 0.05, then you divide the result by 2, getting 0.025, and finally you use a standard normal table to get the z score for the desired probability. So for this problem of 95.44% we get (1 - 0.9544)/2 = 0.0456/2 = 0.0228 Looking up a standard normal table, the value of 0.0228 is found to have a z-score of 2.0, a.k.a. 2 standard deviations from the normal. So let's substitute the known values into the formula and solve for n. ME = z*d/sqrt(n) 1 = 2*5/sqrt(n) sqrt(n) = 2*5 sqrt(n) = 10 n = 100 So the owner needs at least 100 samples to be 95.44% certain that his measurement error is within 1 second of the correct time.</span>
4 0
2 years ago
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