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allsm [11]
2 years ago
4

Oleksiy is an adjunct professor in the Department of Fine Arts. He applied for a full-time job recently, which he did not get. H

e tries to put this situation in a positive light, reminding himself that he will have more time to produce artwork if he is not working a full-time job. He also reminds himself that some of his friends from grad school can't find work related to art in any way. Which type of coping approach is Oleksiy using?a. cognitive emotional b. emotion focused c. problem focused d. stress free
Business
1 answer:
Genrish500 [490]2 years ago
5 0

Answer:

B. Emotion Focused Strategy

Explanation:

What Oleksiy is doing is called Stress Management Technique. In Stress management there are two manin techniques as follows:

  1. Problem Focused Technique  - With this technique the person involved tries to eliminate the source (s) of the stress
  2. Emotion Focused Technique - With this technique, as displayed by Oleksiy, he is simply trying to have less reactive emotion response to the issue of not getting the job.

While most persons focus on the Problem Focused Technique by trying to eliminate the sources of the stress, it is also important to know that not all stressors can be eliminated. It becomes important to learn to cope with them rather than seek to completely eliminate them.

An advantage of the Problem Focused Technique is that the individual is not waiting for a life change (like getting a full time job) that may not occur in the nearest future. Instead, the focus is on making the best of current opportunities.

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Answer:

Explanation:

Explanation:

. Determine any gain or loss if the old elevator is replaced.

Cost$120,000 Accumulated depreciation(24,000*)Book value96,000Sales proceeds(25,000) Loss on sale $ 71,000*$120,000 ÷ 5 years = $24,000 [$120,000 – ($120,000 ÷ 5) - $25,000 = $71,000][Cost – Accum. depr. – Sales proceeds = Loss on sale]

b. Prepare a 4-year summarized income statement for each of the following assumptions:

1.The old elevator is retained. Retain Old Elevator Revenues ($240,000 X 4 yrs.) $960,00012

Less costs:Variable costs ($35,000 X 4)$140,000Fixed costs ($23,000 X 4)92,000Selling & administrative116,000*Depreciation96,000444,000Net income$516,000*($29,000 X 4)

2.The old elevator is replaced.Replace Old Elevator Revenues $960,000 Less costs: Variable costs ($10,000 X 4)$ 40,000 Fixed costs ($8,500 X 4) 34,000 Selling and administrative 116,000 Depreciation 160,000350,000 Operating income 610,000 Less: Loss on old elevator 71,000 Net income $539,000[$960,000 – (($10,000 x 4) + ($8,500 x 4) + ($29,000 x 4) + ($40,000 x 4)) - $71,000 = $539,000][Rev. – ((VC x No. of yrs.) + (FC x No. of yrs.) + (S&A exp. x No. of yrs.) + (Ann. depr. x No. of yrs.) – Loss on old elevator = Net inc.]

c. Using incremental analysis, determine if the old elevator should be replaced. Retain Old Elevator Replace Old Elevator Net Income Increase (Decrease) Variable operating costs $140,000$ 40,000$ 100,000 Fixed operating costs 92,000 34,000 58,000 New elevator cost-160,000 (160,000) Salvage on old elevator-(25,000)25,000Totals$232,000$209,000$ 23,000d. Why any gain or loss should be ignored in the decision to replace the old elevator.

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Answer and Explanation:

As per the given question the solution of given points is given here:-

a. Regular pay for the week = Rate of pay × Hours per week

= $12 × 40 hours

= $480.00

b. Overtime pay for the week = Rate of pay × 8 hours × 1.5 times

= $12 × 8 hours × 1.5 times

= $144.00

c. Total gross wages = (Social security withheld + Medicare tax withheld + Federal income tax withheld + Net pay)

= $38.69 + $9.05 + $54 + $522.6

= $624.00

d. Social security withheld = Total gross wages × Social security tax

= $624 × 6.2%

= $38.69

e. Medicare tax withheld = Total gross wage × Medicare tax rate

= $624 × 1.45%

= $9.05

f. Total withholding = Social security withheld + Medicare tax withheld + Federal income tax withheld

= $38.69 + $9.05 + $54

= $101.74

g. Net pay = Total gross wages - Total withholding

= $624.00 - $101.74

= $522.26

2. The Journal entry is here below:-

Wage Expense Dr, 624  

      To Social security taxes payable $38.69

      To Medicare Tax Payable $9.05

      To Federal Income Tax Payable $54

      To Wages Payable $522.26

(Being the payroll is recorded)

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