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2 years ago

Do you believe initiative is an important quality? Defend your answer.

Business

2 answers:

marishachu [46]2 years ago

8 0

Answer: Yes

Explanation:

Initiative is an important quality every one should have especially young people. It is a quality that shows being responsible. It is ones ability to start a thing independently and see that it succeeds. Taking initiative is a quality most employers look out for in an employee

Olegator [25]2 years ago

3 0

Initiative is an important quality because it proves that you want to do your job or task successfully and independently. Lack of initiative shows laziness and/or low confidence in one's skills.

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Macinski Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of $70,000 and fair value of $95,00

Montano1993 [528]

The nature of the lease arrangement is that of a finance lease. the following journal entries will be passed in the books of accounts:

Explanation:

a. This is because Sharrer Corporation (the lesse) will assume the risks of normal ownership. Maintenance is also not provided by the lessor.

Mike Macinski should, thus, use direct financing lease method. Lease receivable will be $95,000 and interest will be recognized annually.

b. Present value interest factor of annuity for 9% and 3 years = 2.531 (from PVIFA tables)

Annual payment will be = 95,000 by 2.531 = $37,534.57

Interest will be calculated on the opening balance of principal, at the rate of 9%. Thus, interest for the 1st year will be = 95,000 into 0.09 = $8550.

Principal paud during the year = total amount paid - interest amount. closing principal amount = opening principal - principal amount paid.

Period Cash due Interest Principal Balance

0 95,000.00

1 37,534.57 8,550.00 28,984.57 66,015.43

2 37,534.57 5,941.39 31,593.18 34,422.25

3 37,534.57 3,112.33 34,422.25 0.00

c. Entry for the signing of the lease agreement:

Fixed assets account (Dr) 95,000

Lease Payable account (Cr) 95,000

Entry on 31st December 2014:

Lease payable account (Dr) 28984.57

Interest account (Dr) 8550

Cash (Cr) 37534.57

Entry on 31st december 2015:

Lease payable account (Dr) 31593.18

Interest account (Dr) 5941.39

Cash (Cr) 37534.57

Entry on 31st december 2016:

Lease payable account (Dr) 34422.25

Interest account (Dr) 3112.33

Cash (Cr) 37534.57

5 0

2 years ago

The following selected data pertain to Flagship Corporation: Cash operating expenses July 1-31$180,000 Depreciation 60,000 Merch

padilas [110]

Answer:

Total cash disbursement in July= $674,000

Explanation:

First, we must determine the cash disbursements from July purchases and expenses:

Cash disbursements from July:

Cash operating expenses July= 180,000

Merchandise purchases in July= 560,000*0.4= 224,000

Total cash from July= $404,000

Depreciation is not a cash disbursement cost.

Now, from June and before:

Estimated payments in July for June purchases 220,000

Estimated payments in July for purchases before June 50,000

Total cash disbursement in July= 404,000 + 220,000 + 50,000

Total cash disbursement in July= $674,000

3 0

1 year ago

Exotech has an inventory turn ratio of 60 with $50 million in annual sales, and an average inventory of $250,000. What is Exotec

Goryan [66]

Answer:

$15 million

Explanation:

Data provided in the question:

Inventory turn ratio = 60

Annual sales = $50 million

Average inventory = $250,000

Now,

we know,

Inventory turn ratio = ( Cost of goods sold ) ÷ ( Average inventory )

thus,

60 = ( Cost of goods sold ) ÷ $250,000

Cost of goods sold = 60 × $250,000

Cost of goods sold = $15,000,000 or $15 million

8 0

1 year ago

óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop

TEA [102]

According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.

This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.

There are various Problem-Solving Skills include:

Active listening.
Analysis.
Research.
Creativity.
Communication.
Dependability.
Decision making.
Team-building, etc.

Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."

Learn more here: brainly.com/question/21641756

8 0

2 years ago

Which of the following statements would best characterize someone who is not culturally competent in working with others from di

Zepler [3.9K]

Answer: The person fills "silence" during conversations

Explanation:

Culture is simply regarded as people's way of life. The way if life include their food, the kind of music they listen to, their religion, language, their beliefs, values etc.

Someone who is not culturally competent in working with others from different cultures would usually be silent during conversations. This is because the person doesn't know much about the culture and can't really be involved in the conversation.

6 0

2 years ago