<h2>
Clarify the assignment would be the first step john should take to increase Kerry's responsibilities.</h2>
Explanation:
Option A: If a new work is assigned or an additional work is assigned, it is necessary to first explain about the new responsibility and clarify about the assignment. This would ensure Kerry to continue the work smoothly.
Option B: Feedback is always welcome but this is not the first step to add responsibilities.
Option C: Notifying others is the responsibility of John and not Kerry. So this choice is invalid.
Option D: Accountability though it is mandatory comes only in the closure part.
Answer:
$0.02
Explanation:
C&A sells T-shirts for $20 that cost $5 to produce
The annual holfing cost percentage is 10%
The T-shirts turn 25 times a year
The first step is to calculate the holding cost
= $5 × 10/100
= $5 × 0.1
= 0.5
Therefore, since the T-shirts turn over 25 times a year then, the holding cost that C&A incurs for each T-shirts can be calculated as follows
= 0.5/25 times
= $0.02
Hence C&A incur a holding cost of $0.02 for each T-shirts
Answer:
The journal entry for J. Laney. to record this transaction is:
Legal Expenses $13,920 (debit)
Common Stock $2,900 (credit)
Share Premium $11,020 (credit)
Explanation:
The Common Stocks are carried at par value of $1. This means that any price paid in excess of the par value is accounted for in the Share Premium Account.
The Common stocks issued are measured at the price required to settle the legal expenses and are paid in excess of par value of $1.
Share Premium = ($4.80 - $1.00) × 2900 shares
= $3.80 × 2,900
= $11,020
