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2 years ago

Smarter employees are more likely to want to remain members of the organization.

Business

2 answers:

Varvara68 [4.7K]2 years ago

6 0

False smarter employees are not more likely to want to remain members of the organization

Yuliya22 [10]2 years ago

3 0

Answer:

The correct answer is letter "B": False.

Explanation:

Within an organization, typically high-skill workers look for making a path career according to their area of interest. In most cases, they even aim to be part of the board of executives because they tend to overestimate their skills. Though, experience and education could lead to some of them overtaking the decision-making positions in their companies. If not possible, they are likely to continue their path in a different organization.

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Great Falls Co's bank reconciliation as of February 28 is shown below $38,153 +745 -35 $37,643 Book balance Bank balance + Depos

lorasvet [3.4K]

Answer:

c. Debit Cash $745; credit Note Receivable $745.

Explanation:

It is very difficult to understand your question since it is typed in a very complex manner. I have attached a screen shot that contains the similar question, it helped me and will help others to understand the data given.

a. This entry has already been recorded in the company's accounts. It should be reconciled with the Bank Account.

b. A miscellaneous expense has been incurred but it was paid and not on credit.

c. Correct Entry. As you can see that a Note Receivable has been collected by bank from customer. So, we have to increase the Cash balance by debiting it and remove the receivables by crediting it.

d. Sales transaction is never a part of Bank Reconciliation.

e. $745 has been collected from customer and not paid to vendor. The amount paid is $1,730 which is already recorded in the Books.

4 0

2 years ago

Norma Company had 10,000 units in work in process at January 1 that were 50 percent complete. During January, 25,000 units were

ZanzabumX [31]

Answer:

b. 29,800.

Explanation:

Number of units out in January = 25,000 units completed during month + 80% of 6,000 units completed at month end

= 25,000 + 4,800

= 29,800

5 0

2 years ago

Read 2 more answers

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in

Lemur [1.5K]

Answer:

$2.64 per units

Explanation:

The computation of the cost per equivalent unit of material is shown below:

Cost per equivalent unit is

= (Beginning conversion cost + cost incurred during October) ÷ (Total equivalent units)

= ($99,700 + $939,300) ÷ (390,000 units + (40,000 units × 10%))

= $1,039,000 ÷ 394,000 units

= $2.64 per units

We simply applied the above formula

8 0

2 years ago

On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments

puteri [66]

Answer:

Explanation:

A capital lease is a lease arrangement in which the lessor agrees to transfer the ownership of an asset to the lessee at the completion of the lease period. During the leasing contract , the lease is treated like an asset in the company's balance sheet

Lease liability at inception = 676,000

Annual payment made on December 2017 =(100,000)

Balance lease liability on 2017 = 576,000

Lease liability on December 2018

Balance on 2017 =576,000

Factor in 10% discount on lease payment

100,000 - (576,000*10%)= 100,000-57,600 = (42,400)

Balance on lease liability = 533,600

The current liability portion =

Factoring in the 10% discount =

100,000 - (533,600*10%) = 100,000 - 53,360 = 46,640

7 0

2 years ago

An asset is acquired by signing a note payable. The note does not indicate an interest rate, and the fair value of the asset can

GaryK [48]

Answer:

Assets should be recorded at cost basis. To determine cost basis we should determine the price that the company paid for the asset. If the only record about the purchase transaction is the note payable, then we can assume that the amount specified in the note payable is the purchase cost of the asset. The cost basis doesn't include any type of interest, but since the note doesn't specify any interest, then we can assume that there is no interest charged.

7 0

2 years ago