Answer:
Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.
It has several advantages, some of them are pointed out below:
o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.
o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.
o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.
o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.
Hope this helps you. Good Luck.
Answer:
$29,500
Explanation:
Given that,
Beginning inventory = $12,000
Ending inventory = $6,000
Purchases = $25,000
Purchase return = $1,500
Kuyu’s cost of goods sold during the period:
= Beginning inventory + Net purchases - Ending inventory
= Beginning inventory + (Purchases - Purchase return) - Ending inventory
= $12,000 + ($25,000 - $1,500) - $6,000
= $12,000 + 23,500 - $6,000
= $29,500
The question is incomplete:
You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of the office. The next day you notice it has not yet been done. Why?
-The supervisor was offended you asked him/her and refused to do anything about it
-The supervisor could not find a labourer to move it and would not do so him/herself
-Because things get done slowly in India
Answer:
-The supervisor could not find a labourer to move it and would not do so him/herself
Explanation:
India is a society with a high power distance. This means that there is hierarchy, inequality and employees expect directions. Also, decisions tend to be centralized and people in high positions expect privileges and a certain status. Because of that, in this situation the reason for not moving the desk from the options given is that the supervisor could not find a labourer to move it and would not do so him/herself as he/she considers that it is not part of the job as he/she has a higher position that doesn't involve to do that.
The other options are not right as the supervisor would not be offended a this is a culture in which people expect to receive orders and it is not related to things getting done slowly there.
Answer:
Journal Entries
1) Debit Salaries Expense $6,667 Credit Bank $6,667
2) Debit Fuel and Maintenance expense $600, Credit Bank $600
3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount
4) Debit Insurance Expense $amount Credit Bank $amount
5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount
6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount
Explanation:
The Question is incomplete but i will do the typical journal entries to the transactions without figures.
1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667
4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.
Answer:
<u>Charlie’s Crispy Chicken (CCC) Balance sheet at September 30</u>
Assets
<u>Non- Current Assets</u>
Equipment 49,000
Land 23,400
Total Non- Current Assets 72,400
<u>Current Assets</u>
Supplies 2,300
Cash 2,300
Total Current Assets 4,600
Total Assets 77,000
Equity and Liabilities
<em>Equity</em>
Common Stock 36,000
Retained Earnings 3,900
Total Equity 39,900
<em>Liabilities</em>
<u>Non-current Liabilities</u>
Note Payable (long-term) 34,000
Total Non-current Liabilities 34,000
<u>Current Liabilities</u>
Accounts Payable 2,900
Salaries and Wages Payable 200
Total Current Liabilities 3,100
Total Equity and Liabilities 77,000
Explanation:
When preparing a Balance Sheet, it is important to remember the Accounting equation : Assets = Equity + Liabilities
