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Grace [21]
2 years ago
3

Peter Drucker is known for his unorthodox perspectives on business and society. He envisioned ideals of pluralism and diversity.

What does this mean?
Business
2 answers:
kari74 [83]2 years ago
3 0
<span>A pluralist and diverse society is one consisting of diverse groups, be it ethnic, race, or social groups. But a society in which these multiple groups maintain their beliefs and cultures within the confines of a common societal fabric or civilization. Canada is generally regarded as a good example.</span>
balu736 [363]2 years ago
3 0

Pluralism and Diversity are two concepts in business that are gaining more and more attention these days.

Pluralism and Diversity is something in which there are different people or groups of people from different cultures and backgrounds. When people from different cultures come together, mostly they share their positive values with each other and share their different point of views on a specific situation or problem, hence encouraging brainstorming as well.

This pluralism and diversity can be on the basis of cultures, ethnic, race, etc.

Organizations who have diverse workforce, seem to produce better results.

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The manager of a major retail store has taken a random sample of 25 customers. The average sale was $52.50. The population stand
Anna35 [415]

Answer:P value = 1 - 0.9793 = 0.0207

Explanation:

we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value

sample mean (x.bar) = $52.20

Population mean (U) = $50

Sample Standard deviation (Sd) =$ 6.10

sample (n) = 25

Z =\frac{(x.bar - U)}{Sd/\sqrt{n} } =\frac{52.50 - 50}{6.10/\sqrt{25} }

Z = 2.50/1.22 = 2.049280328 = 2.049

area (normal distribution table) = 0.9793

P value = 1 - 0.9793 = 0.0207

7 0
2 years ago
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
Anna35 [415]

Answer:

Given below

Explanation:

<u><em>Wells Technical Institute (WTI)</em></u>

<u><em>General Journal</em></u>

<u><em>31st December Journal Entries</em></u>

Insurance Expense $2,542  Dr

Prepaid Insurance $2,542  Cr

  • Insurance expired on Dec 31st

Inventory Account  $2,204  Dr

Prepaid Supplies  Account $2,204 Cr

<em>The prepaid supplies is closed to inventory account and inventory account is closed to Income summary account.</em>

Income Summary Account  $2,204  Dr

Inventory Account  $2,204  Cr

<em>But if only adjusting entry is required not closing inventory  then </em>

Prepaid Supplies  Account $2,204 Dr

Inventory Account  $2,204  Cr

<em>Inventory account is adjusted with the Prepaid Supplies .</em>

  • An inventory count shows that teaching supplies costing $2,204 are available at year-end.

Depreciation Expense Equipment $10,170Dr

Accumulated Depreciation Equipment $10,170 Cr.

Depreciation Expense Library $5,085 Dr

Accumulated Depreciation Library  $5,085 Cr.

  • Annual depreciation on the equipment is $10,170. Annual depreciation on the professional library is $5,085.

Unearned Training Fees $ 4800 Dr

Training Fees Earned $ 4800 Cr

  • Fees for two course ( 2400*2= 4800) Earned.

Accounts Receivable Training Fees $6,498 Dr

Training Fees Earned $ $6,498  Cr

  • On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $6,498 of the tuition has been earned by WTI.

Salaries Expense $ 400 Dr.

Salaries Payable $ 400 Cr.

Salaries  for two employees ( 2* 2* 100= 400)  for 2 days.

  • WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee. The balance in the Prepaid Rent account represents rent for December.
6 0
2 years ago
Primo Industries collected $105,000 from customers in 2022. Of the amount collected, $25,000 was for services performed in 2021.
Gala2k [10]

Answer:

a.

Net Income for 2022 = $33000

b.

Net Income for 2022 = $36000

Explanation:

a.

The cash basis accounting follows that all the transactions should be recorded in the period in which cash is either received or paid out as a result of that transaction rather than in the period to which they relate to.

Thus, the Net Income for 2022 under cash basis will be,

<u>Cash Receipts in 2022</u>

Collections from customer           105000

<u>Less: Cash Payments in 2020</u>

Expenses paid                              <u>  (72000)</u>

Net Income                                     33000

b.

Under accrual basis, the transactions should be recorded in the period to which they relate to rather than in the period when cash is received or paid out.

Thus, net income for 2022 under accrual basis will be,

Revenue 2022 = 105000 - 25000 + 40000   = $120000

Expenses 2022 = 72000 - 30000 + 42000   = $84000

Net Income = 120000 - 84000  =  $36000

5 0
2 years ago
The inventory system whereby the merchandise inventory account balance is merely a record of the most recent physical inventory
Phantasy [73]
The inventory system whereby the merchandise inventory account balance is merely a record of the most recent physical inventory count is called the periodic system. The periodic inventory system is a<span> method of accounting for merchandise inventory in which the cost of the inventory sold is determined only at the end of an accounting period.</span>
<span>The updates in this system are made on a </span>periodic<span> basis. </span>
5 0
2 years ago
Shoe manufacturers are not going to buy much more leather if the price of leather falls, nor will they buy much less leather if
IgorC [24]

Answer:

A) inelastic demand

Explanation:

Demand is inelastic if a change in price has no effect on quantity demanded.

Changes in price has no effect on quantity of leather demanded. Therefore, the demand for leather is inelastic.

Direct purchasing is buying raw materials used in the production process.

Straight rebuy is purchasing similar goods from the same supplier under similar conditions.

Modified rebuy is purchasing similar goods either from a different supplier or in a different condition.

4 0
2 years ago
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