Answer:
a. intrinsic rewards
Explanation:
Intrinsic rewards at the workplace are those that meet personal, internal needs. These intrisic rewards can be summed up in job satisfaction and sense of accomplishment, but what makes a job satisfying, and what makes a worker feel accomplished is subjective, and varies from person to person.
Mike is focusing on the intrinsic rewards of his new job because he is giving more importance to this subjective aspects explained above than to external factors such as status, or wage.
Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.
Explanation: Crisis Stage; at this stage decline is still reversible if the
organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.
Answer: $11,200
Explanation:
Using the accounting equation:
(Total Assets) = (Total Liabilities) + (Total Capital)
So,
(Total Liabilities) = (Total Assets) - (Total Capital) (1)
Based on equation (1), in order to compute for the total liability, we need to compute the total assets and total capital.
At the end of the first year, the following are the assets Shapiro's consulting services (together with the amount):
Cash: $16,000
Office Supplies: $3,200
Equipment: $24,000
Accounts Receivable: $8,000
TOTAL ASSETS $51,200
Note that the total assets is obtained by adding the amount (or value) of the all the assets listed above.
Since the net income is an increase (or decrease if it's a net loss) of capital, we classify net income as capital. In particular, the net income of Shairo's at the end of first year adds to the capital at the start of first year.
Moreover, the withdrawal of money by the owner also decreases the capital.
Thus, the total capital at the end of first year is calculated as follows:
Capital (start of the year): $15,000
Net Income (end of year): $27,000
Withdrawal Amount: ($2,000)
TOTAL CAPITAL: $40,000
Note: ($2,000) means -$2,000. This notation is used in accounting.
Hence using equation (1), the total liabilities at the end of first year is given by
(Total Liabilities) = (Total Assets) - (Total Capital)
= $51,200 - $40,000
Total Liabilities = $11,200
Answer:
1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.
(2) Please see attached for Investment Interest Income Amortization Schedule
(3) Recording of Interest Received
June 30, 2019
CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250
December 31, 2021
CR Income Statement (Interest Received) -$2915.44
Explanation:
(1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.
(2) Please see attached for Investment Interest Income Amortization Schedule
(3) Recording of Interest Received
June 30, 2019
CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250
December 31, 2021
CR Income Statement (Interest Received) -$2915.44
