Answer:
The earnings foregone by skipping the two tournaments on the PGA tour is cost of opportunity
Explanation: The cost of opportunity of an economic decision that has several alternatives is the value of the best unrealized option. In other words, it refers to what a business stops earning, when choosing an alternative among several available. In this case are the prizes the golf player lost for not playing the tournments.
Answer:
See explanation section.
Explanation:
Journal entries
A. April 4, Account receivable Debit $5,000
Sales Revenue Credit $5,000
Note: As the seller uses periodic inventory system, the seller will deduct the discount only after meeting the terms. It does not have to give cost of good sold journal.
B. April 5, Customer refund payable Debit $500
Cash Credit $500
Note: As the seller refunds to the customer, cash become credit.
Answer:
d. finding the right people
Explanation:
As the George's department had successfully satisfied the needs of the new developed Trout , Inc. IT might happen that work will be extended. This will require Goerge to increase the workforce those are having skill sets that matches the Trout, Inc. needs.
Thus, while recruiting and seelcting for the new positon Georgy will apply HRM goal of finding the right set of people for the required project.