Answers
Elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions is true.
How did Mayo view the interaction between employees and management?Elton Mayo came to the conclusion that employees' requirements were frequently based on feeling (belonging to a group and having a sense of value), and that this may cause conflicts with managers, who were primarily concerned with cost-cutting and efficiency.
Therefore, According to Elton Mayo's research, when managers took the time to hear the ideas and opinions of their employees, work or motivation increased. The expectation hypothesis states that when employees are given an extremely difficult task, their motivation nearly always improves.
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Elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions. true or false
Related Questions
The spot exchange rate is ¥125 = $1. The U.S. discount rate is 10%; inflation over the next three years is 3% per year in the U.S. and 2% per year in Japan.
Year 0 Year 1 Year 2 Year 3
–¥1,000,000 ¥500,000 ¥500,000 ¥500,000
NPV = $2,137.46
USE THIS INFORMATION TO ANSWER THE NEXT QUESTION
Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows (for an all-equity firm) are shown below in millions:
0 1 2 3 4
–$1000 +$125 +$250 +$375 +$500
If the firm were financed entirely with equity, the required return would be 10%. What is the value of this project to an all-equity firm?
a) –$46.5
b) $46.5
c) -$56.5
d) $56.5
Answers
Customers might sometimes describe contradictory needs
Answers
Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.
When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.
This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.
Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Customers might sometimes describe contradictory needs.
A. A customer's needs can sometimes be confusing.
B. Customers might sometimes give vague descriptions.
C. Customers sometimes describe needs that oppose each other.
D. Some customers are extremely thorough in describing their needs.
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The manufacturing overhead budget of Paparella Corporation is based on budgeted direct labor-hours. The November direct labor budget indicates that 6,000 direct labor-hours will be required in that month. The variable overhead rate is $2.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $79,200 per month, which includes depreciation of $21,000. All other fixed manufacturing overhead costs represent current cash flows.
Required:A. Determine the cash disbursements for manufacturing overhead for November.B. Determine the predetermined overhead rate for November.
Answers
Answer:
The answer for question A is $ 70,200
The answer for question B is $ 15.20
Explanation:
A.
Budgeted direct labor hours = 6,000 hours
Variable overhead rate = $2.00
Variable manufacturing overheads = 6000 x $2 = $ 12,000
Fixed manufacturing overhead = $ 79,200
Total Manufacturing overheads = $ 91,200
Depreciation = $ 21,000
Cash disbursement of manufacturing overhead for November = total manufacturing overheads - Depreciation
= $91,200 - $ 21,000 = $ 70,200
B.
From above, we have Total Manufacturing overheads = $ 91,200
Budgeted direct labor hours = 6,000 hours
Predetermined overhead rate for the month of November = Total Manufacturing overheads ÷ Budgeted direct labor hours
= $91,200 ÷ 6000 = $ 15.20
According to the extract, entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
Answers
Developing a profitable company idea involves imagination, investigation, and cautious preparation.
How business idea is generated and its feasibilityTo generate a business idea, consider your interests, skills, and knowledge. Think about problems that you or others face in your daily life and whether there are potential solutions that could be turned into a business. Research the market to see if there is demand for the product or service you are considering and whether there are existing competitors.
To determine the feasibility of your business idea, conduct a thorough analysis of the potential costs and revenue streams. Create a business plan that outlines your goals, marketing strategy, and financial projections. Consider seeking advice from experts in your industry or consulting with a business mentor. It is also important to assess any legal or regulatory requirements that may apply to your business.
Overall, generating a successful business idea requires creativity, research, and careful planning. By considering your interests, skills, and market demand, you can identify a potential product or service that meets a need and has the potential to be profitable. With thorough analysis and planning, you can determine the feasibility of your idea and take steps towards launching a successful business.
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B. Matching Type. Match Column B with Column A
Answers
Answer:
B. Matching Type. Match Column B with Column A
1. Safety equipment ⇒ C. Must be worn.
2. Danger signs ⇒ D. Inflammable
3. Safety information ⇒ E. Warning Do not touch.
4. Caution signs ⇒ B. No Smoking
5. Serious injuries ⇒ A. First Aid
Describe why the facility should have an inventory
list of equipment.
Answers
so people don't buy the same things again & again
to see
whats in stock
where they are displayed
how many they have
keep track of inventory
plan for restocking
know which items are running low
asset value for accounting or financial purposes.
Overall, an inventory list of equipment is a fundamental tool for facility management, providing comprehensive oversight, efficient maintenance planning, cost control, compliance adherence, emergency preparedness, and facilitating decision-making processes. It streamlines operations, enhances asset management, and contributes to the overall productivity and functionality of a facility.
Keeping Track: An inventory list helps facility managers know what equipment they have and where it is located.
Taking Care: The list helps plan when to fix or maintain equipment so it stays in good condition.
Saving Money: By knowing what equipment they have, managers can avoid buying things they don't need and spend money wisely.
Following Rules: Some facilities have rules to follow, and the inventory list helps managers keep track of important things like safety checks and paperwork.
Being Ready for Emergencies: The inventory list helps managers know which equipment is important during emergencies like fires or storms.
Planning and Buying: The inventory list helps managers decide what new equipment to buy and make a budget.
Talking to Insurance and Money People: The inventory list helps when talking to insurance or money people because it shows what equipment the facility has and how much it's worth.
provides information about the administrative and clinical machines in the facility.
gives you more control over your business' assets.
equipments inventory list provides information about the administrative and clinical machines in the facility. This information is used by the provider, supervisor, and/or accountant for future planning and tax paperwork
Which of the following helps determine something's value?
O A. utility
O B. beauty
O C. scarcity
D. both A and C
Answers
Answer:
D. Both A and C
Explanation:
Items that are more useful and/or more rare, result in higher prices (and if both are true, even higher prices). If an item is rare but useless, the price would be lower. If an item is useful and not rare (think batteries or paper towels) the price lowers.
Both utility and scarcity help to determine something's value. Option (d) is correct.
According to the law of diminishing marginal utility, the enjoyment or utility that a person derives from an item or a product decreases as they consume more and more of it.
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person. Consuming increasing quantities of a good gives economic actors less and less pleasure.
A product's life cycle is covered by a number of laws of diminishing marginal units, each of which is distinct but tangentially connected.
Therefore, Option (d) is correct.
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Which is a possible benefit of having a good credit history?
O getting a high interest rate on a credit card offer
O obtaining a low interest rate on a loan
obtaining a savings account
O having a paycheck garnished
Mark this and return
Save and Exit
Answers
Answer:
B. obtaining a low interest rate on a loan
Explanation:
Answer:
b
Explanation:
got it right on test
The craft wholesaler, Living Arts, offers a 15 percent discount on all Christmas
decorations bought before August 1. If a local crafts shop placed an order on July
11 for $3,300 worth of decorations, what would the discount and final price be?
Answers
Answer:
Discount amount: $495
The final price: $2,805
Explanation:
The local crafts shop made their order before august 1, hence qualifies for the 15% discount.
The discount amount will be 15% of $3,300
=15/100 x $3,300
=0.15 x $3,300
=$495
The final price will be
cost price - discount amount
=$3,300 - $495
=$2,805
Vanessa Kaiser and Mariah Newman decide to form a partnership by combining the assets of their separate businesses. Kaiser contributes the following assets to the partnership: cash, $25,800; accounts receivable with a face amount of $187,600 and an allowance for doubtful accounts of $5,400; merchandise inventory with a cost of $118,900; and equipment with a cost of $175,800 and accumulated depreciation of $58,200. The partners agree that $6,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $5,700 is = reasonable allowance for the uncollectibility of the remaining accounts, that the merchandise inventory is to be recorded at the current market price $131,400, and that the equipment is to be valued at $104,900.
Required:
Journalize the partnership's entry to record Kaiser's investment.
Answers
Answer:
Date Accounts title and Explanation Debit Credit
Cash $25,800
Account receivables(187,600-6,000) $182,200
Merchandise Inventory $118,900
Equipment $104,900
Allowance for Doubtful Accounts $5,700
Kaiser, Capital $426,100
(To record Kaiser Investment in Partnership Entity)
Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
Answers
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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Briny Sail Makers manufactures sails for sailboats. The company has the capacity to produce 35,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production:
$185 Sales price per unit Variable costs per unit:
Manufacturing Selling and administrative Total fixed costs:
Manufacturing Selling and administrative $62 $22 $700,000 $300,000
The fixed manufacturing costs increase by $100,000 for every 500 units produced beyond the maximum capacity of the plant. If a special pricing order is accepted for 5,500 sails at a sales price of $160 per unit, and if the order requires no variable or fixed selling and administrative costs, what is the effect on operating income?
A. Operating income increases by $439,000.
B. Operating income decreases by $439,000.
C. Operating income decreases by $539,000.
D. Operating income increases by $539,000.
Answers
Answer:
Effect on income= $439,000 increase
Explanation:
Giving the following information:
Variable costs per unit:
Manufacturing= 62
The fixed manufacturing costs increase by $100,000 for every 500 units produced beyond the maximum capacity of the plant.
Special offer: 5,500 units for $160
To determine the effect on income, we will consider the contribution margin and incremental fixed costs.
Effect on income= 5,500*(160 - 62) - 100,000
Effect on income= $439,000 increase
(More than 1 answer)Which of the following collect and evaluate career outlook information: Internal Revenue Service
U.S. Department of Labor
Colleges and universities
State departments of education.
Answers
Answer: U.S. Dept. of Labor, Universities, and Colleges, as well as, State Department of Education collect and evaluate career outlook information.
Explanation:
The collect and evaluate career outlook information: Internal Revenue Service are U.S. Department of Labor, State departments of education & Colleges and universities.
What do you mean by the career outlook?The word "job outlook" refers to the projection of the expected change in a specific occupation. This forecast is typically made based on how many individuals are anticipated to work in a particular occupation over a certain amount of time, such five or ten years.
The job outlook is a projection of how many people will be working in a specific occupation over a given time period, such as two years, five years, or 10 years.
Therefore, the collect and evaluate career outlook information: Internal Revenue Service are U.S. Department of Labor, State departments of education & Colleges and universities.
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Which of the following is not a statutory payroll deduction
Answers
Answer:
b. Contributions to healthcare plans
Explanation:
The process of allocating funds to projects and investments includes the following:
A. Analysis
B. Selection
C. Monitoring
D. Evaluating performance
Analyze or explain any three of the above.
Answers
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, and monitoring. By following these steps, organizations can make informed decisions about where to invest their resources and ensure that their investments are delivering the expected returns.
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, monitoring, and evaluating performance. Here are explanations of three of these steps:
Analysis: This step involves gathering and analyzing information about potential projects and investments to determine whether they are financially viable and aligned with the organization's goals and objectives. This includes conducting market research, analyzing financial statements and projections, assessing risks, and identifying potential barriers to success. The analysis phase helps decision-makers to make informed choices about which projects and investments to pursue.
Selection: Once potential projects and investments have been analyzed, the next step is to select the most promising ones. This involves using the information gathered during the analysis phase to compare options and choose the projects and investments that are most likely to provide the greatest returns on investment. The selection process may involve developing criteria for evaluating potential options, ranking them based on their financial potential, and weighing the costs and benefits of each option.
Monitoring: Once projects and investments have been selected and funded, it is important to monitor their progress and performance over time. This involves regularly reviewing financial and operational data to identify any potential issues or risks, and taking action to address them. Monitoring can help decision-makers to stay informed about the status of their investments, identify opportunities for improvement, and make adjustments to their funding strategies as needed.
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Help please?:) introduction to accounting related
Answers
Answer:
The process of paying vendors is one of the final steps in the Purchase to Pay cycle. Briefly, when a company orders goods from a supplier it raises a Purchase Order (PO), when the goods or services arrive they will receive an invoice from the supplier.
A company purchased a computer system at a cost of $26,000. The estimated useful life is 8 years, and the estimated residual value is $4,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year
Answers
Answer:
the depreciation expense for the second year is $4,875
Explanation:
The calculation of the depreciation expense for the second year is given below:
First the depreciation rate should be
= 1 ÷ 8 × 2
= 25%
Now the first year depreciation is
= $26,000 × 25%
= $6,500
Now the second year depreciation should be
= ($26,000 - $6,500) × 2
= $4,875
Hence, the depreciation expense for the second year is $4,875
URGENT Help Pls, I am confused. I will give everyne branliest PLS HELP
5. You are planning a trip around the world and have mapped out the countries that you would like to visit as well as examples of the items that you intend to buy. You need to know how much this trip will cost you in euro so that you can budget the amount of money that you will need.
Examine the accompanying map and complete the table below. Don’t forget that you must show your workings for each calculation.
Answers
The total amount of euros that we have to spend in all products is 587,27 euros. But the total for the trip would be 4,287.27.
How to calculate how many euros we will spend in all products?To calculate how many euros we will spend in all products we have to search for the exchange of every currency to euro. Once we have this information, we can sum all the values to get the total of the products.
In the table below are is the exchange and the total of euros of each currency, for example 1 eur is equal to 1,46 canadian dolars. So we have to multiply the value that worth an euro by the quantity of each one to identify the total amount of euros equals.
Finally, we have to add the total value of euros, round world tickets and travel insurance to calculate the total budget that we need to make our trip.
Note: This question is incomplete because there is some information missing. Here is the complete information:
Attached image
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(2 points) of the most important pillar
given the current socio‐economic conditions in South Africa as well as the broader contexts of mismanagement, tender irregularities, and fraud in South African Government institutions.
Answers
The pillars of accountability, transparency, good governance, and anti-corruption measures are crucial for addressing issues organization in South African government institutions.
One of the main points of support for tending to the current financial circumstances and the more extensive settings of fumble, delicate abnormalities, and misrepresentation in South African government organizations is responsibility.
This support point incorporates both individual and institutional responsibility, and it is fundamental for guaranteeing that those answerable for debasement and botch are viewed to be responsible.
Individual responsibility includes considering people liable for their activities, incorporating arraigning those associated with defilement and maladministration.
Institutional responsibility includes guaranteeing that administration foundations are straightforward, viable, and effective in their activities. This can incorporate measures like customary reviews, public detailing, and autonomous oversight.
Notwithstanding responsibility, different points of support that are fundamental for resolving these issues incorporate straightforwardness, great administration, and compelling enemy of defilement measures.
These points of support require a guarantee to transparency, decency, and uprightness from government authorities, as well as a readiness to resolve foundational issues and execute changes to reinforce administration and responsibility.
By and large, the mainstays of responsibility, straightforwardness, great administration, and hostile to defilement measures are critical for tending to the current financial circumstances and the more extensive settings of bungle, delicate anomalies, and extortion in South African government organizations.
Without these points of support set up, it will be challenging to reestablish public confidence in government and to advance feasible financial turn of events.
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We have a graduated tax system, and the tax brackets are listed in Appendix A. If you are not familiar with the Fair Tax and Flat Tax ideas, do a little research. Share what you think would be best for our country.
Answers
Explanation:
i think the graduated tax system is fairest ,it imposes a higher rate on the rich than the poor and all this is done based on the tax payer if this is done it will help the poor to pay for needs such as shelter food and other personal needs it allows the poor to spend most of they money
I NEED HELP PLEASE PLEASE I BEG
The article claims "Import taxes from 60% to 100% in the world's fourth-largest car market rank among the highest globally, drawing criticism from companies such as Tesla Inc (TSLA.O)Links to an external site., which shelved entry plansLinks to an external site. because of the high tariffs." Why is it that the Indian government has allowed so far 60% - 100% tariffs on imported cars? Your answer needs to be found in the article OR in the chapter that you learnt (3). NOT in Internet desktop research! (50-75 words, 5 pts).
Why are Maruti Suzuki, Tata Motors and Mahindra resisting this change? Again, use the article and what you have learnt in class. NO desktop research. (50 words max, 4 pts).
All else equal, would the WTO - a priori - be pleased about this potential development? Meaning a possible reduction of Import Taxes or Tariffs. If yes why? If no why? (50 words max, use your arguments based on the textbook material AND/OR Internet research here!, 3 pts)
Say you're a resident of India, and you were planning to buy a Range Rover made in the UK. All else equal, and given this article, and given you have the money available to buy the car - would you, a priori, buy the car or postpone your purchase? If yes why? If no why? (50 words max, 3 pts)
PLEASE I NEED HLEP
Answers
The Indian government has allowed such high tariffs on imported cars in order to protect domestic car manufacturers such as Maruti Suzuki, Tata Motors and Mahindra, who would otherwise face competition from foreign companies and face a possible decrease in their market share.
What is domestic?Domestic refers to activities or relationships that occur within a country or nation, such as domestic policy, domestic trade, domestic travel, and domestic affairs. Domestic activities are usually distinguished from international activities, as those that occur between two or more countries. Domestic activities are generally related to the internal affairs of a country and its citizens, including political, social, and economic issues.
Maruti Suzuki, Tata Motors and Mahindra are resisting the potential change because they are concerned that they would be unable to compete against foreign companies, who would be able to offer cheaper cars due to the lower tariff rates.
The WTO would not be pleased with this potential development because it is against their objective of free trade and would create an uneven playing field between domestic and foreign companies.
If I were a resident of India and planning to buy a Range Rover made in the UK, I would postpone my purchase because the high tariff rates would make the car much more expensive than it would normally be. This would mean that I would have to pay significantly more for the same car than if I had bought it from a domestic manufacturer.
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For an organization with a Liabilities to Fund Balance ratio of 1.90, we can conclude that:
a. for every $1 in restricted fund balance, the entity has $1.90 in debt.
b. for every $1 in total fund balance, the entity has $1.90 in debt.
c. for every $1 in unrestricted fund balance, the entity has $1.90 in debt.
d. for every $1 in total assets, the entity has $1.90 in debt.
Answers
Answer: b. for every $1 in total fund balance, the entity has $1.90 in debt.
Explanation:
The Liabilities to Fund Balance ratio enables analysts to know the debt load of the fund. It is also known as the Debt to Net Worth ratio and is calculated by the formula:
= Interest - bearing debt / Total Capital
As shown from the formula, if the ratio is 1.90, it means that for every $1 in the total fund balance, the fund has $1.90 in debt.
Qualcomm (QCOM) is expected to generate annual earnings per share of $3.70 and is currently trading for $62.64. Assuming that investors require a return of 13% for QCOM stock, what is the approximate fractional amount of the current stock price reflected in PVGO
Answers
Answer: 0.55
Explanation:
Based on the information given, the approximate fractional amount of the current stock price reflected in PVGO will be calculated thus;
Earning per share, EPS = $3.70
Price per share, P= $62.64
Rate of return, k = 13%
Therefore,
PVGO = Price per share - (Earnings per share/Rate of return)
PVGO = P-EPS/k
= 62.64 - 3.70/13%
= 62.64- 28.46
= $34.18
Since it's to be represented as a fraction, this Will be:
= 34.18/62.64
= 0.55
You have $50,000 in your account. Assuming no additional deposits are made and your account earns 8 percent per year, how long will it take for the account to have a balance of $500,000?
Answers
Answer:
29 years
Explanation:
50,000 + 8% = 54,150
it will take you 29 years in total
to be exact 504,882
Answer:
29.92 years
Explanation:
A = Ai * (1 + r)^n
500,000 = 50,000*(1 + 0.08)^n
divide by 50000
10 = 1.08^n
log of both sides
log(10) = n*log(1.08)
n = log(10) / log(1.08)
n = 29.9188 years
Say you own an asset that had a total return last year of 17 percent. Assume the inflation rate last year was 3.6 percent. What was your real return?
Answers
The Fisher equation, which shows the exact relationship between nominal interest rates, real interest rates, and inflation, is:
(1 + R) = (1 + r)(1 + h)
r = [(1 + .17) / (1 + .036)] - 1
r = .12934, or 12.93%
An increase in the average price level of an economy over time is referred to as inflation. Money loses value as a result of inflation. Consumer price index (CPI) and producer price index are the two most used inflation indicators (PPI). The consumer price index tracks changes in the price of a typical market basket bought by an urban family each month, provided the same products are bought. When a basket of commodities costs more, inflation has occurred. The cost increase of the basket as a percentage is equal to the rate of inflation. When the products in the basket are cheaper, there has been deflation. It is critical to remember that some of the items may change in value more rapidly than the general rate of inflation.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Following are the January transactions:
a) Received a $795 deposit from a customer who wanted her piano rebuilt in February.
b) Rented a part of the building to a bicycle repair shop: $545 rent received for January.
c) Delivered five rebuilt pianos to customers who paid $14,425 in cash.
d) Delivered two rebuilt pianos to customers for $7,600 charged on account.
e) Received $6,400 from customers as payment on their accounts.
f) Received an electric and gas utility bill for $750 for January services to be paid in February.
g) Ordered $1,140 in supplies.
h) Paid $3,400 on account in January.
i) Paid $16,900 in wages to employees in January for work done this month.
j) Received and paid cash for the supplies in (g).
Prepare journal entries for the above January transactions.
Answers
Answer:
a) Received a $795 deposit from a customer who wanted her piano rebuilt in February.
Account Debit Credit
Cash $795
Unearned Revenue $795
b) Rented a part of the building to a bicycle repair shop: $545 rent received for January.
Account Debit Credit
Cash $545
Rent Revenue $545
c) Delivered five rebuilt pianos to customers who paid $14,425 in cash.
Account Debit Credit
Cash $14,425
Service Revenue $14,425
d) Delivered two rebuilt pianos to customers for $7,600 charged on account.
Account Debit Credit
Accounts Receivable $7,600
Service Revenue $7,600
e) Received $6,400 from customers as payment on their accounts.
Account Debit Credit
Cash $6,400
Accounts Receivable $6,400
f) Received an electric and gas utility bill for $750 for January services to be paid in February.
Account Debit Credit
Utilities Expense $750
Utilities Payable $750
g) Ordered $1,140 in supplies.
Account Debit Credit
Supplies Expense $1,140
Supplies Payable $1,140
h) Paid $3,400 on account in January.
Account Debit Credit
Cash $3,400
Accounts Payable $3,400
i) Paid $16,900 in wages to employees in January for work done this month.
Account Debit Credit
Cash $16,900
Wage Expense $16,900
j) Received and paid cash for the supplies in (g).
Account Debit Credit
Cash $1,140
Supplies Payable $1,140
which of the following are common controls over cash receipts? (select all that apply.) multiple select question. a. opening mail daily and making a detailed list of checks received b. reducing c. the amount of total sales to customers
Answers
The answer is only option (a) and (c).
a. opening mail daily and making a detailed list of checks received and
c. the amount of total sales to customers
Why are they the answers?The common controls over cash receipts are:
a. Opening mail daily and making a detailed list of checks received
b. Depositing all cash and checks intact and promptly
c. Using pre-numbered receipts
Therefore, the answer is only option (a) and (c). Option (b) is not a common control over cash receipts; it is actually the opposite of a control since reducing the amount of total sales to customers would result in understating the amount of cash received.
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how can help to us cultural and behavioural expectations of studying for a degree in business and management?
Answers
The Cultural and behavioural expectations of studying for a degree in business management help to learn about the culture that affect the behaviors of employees, as well as customers.
What is Cultural expectations?
Cultural expectations can be described as the messages that can be internalize with respect to what is and is what is not acceptable which focus on the standards of behavior as well as the cultural norms by our social systems.
It should be noted that the Social groups can be in many forms, such as the community, friends, workplace, hence the Cultural and behavioural expectations behaviors of employees, as well as customers.
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Your company experienced 20% percent turnover last year. This means 20 percent of people employed at the beginning of the year were terminated or no longer employed by the year’s end. You know that a year from now you will need to have 40 more people in your company to keep up with increasing customer demand. How many employees should you plan on hiring, assuming turnover remains constant?
Answers
Answer:
48
Explanation:
Employee turnover is the rate at which employees leave a company, whether voluntary or involuntary.
In this company, 20 percent of employees leave every year.
If the company intends to have 40 more workers, it should plan to hire the 40 plus an extra 20 percent.
The company should hire 40 plus 20% of 40
=40 + (20/100 x 40)
=40 +(0.2 x40)
=40 +8
=48
The company should hire 48 workers
For the maintenance of the employee turnover ratio of the company constant there will be a need of employing forty (40) and an additional 20% of the total employees to be hired for the same.
The firm will have to maintain the number of employees in such a way that even if the 20% employees leave the company there shall not be need to employ any such further.
The ratio of calculation of such employee turnover ratio to be kept constant will be simple. It can be calculated using the simple formula that is given below.\(\rm Employee\ turnover\ ratio= employees\ to\ be\ hired + additional\ percentage\ of\ employees\ to\ be\ hired\)
So if we put the values in the formula we get the solution as below\(\rm Employees\ to\ be\ hired= 40+ (\dfrac{20}{100}\ x\ 40)\)
Continuing further
\(\rm Employees\ to\ be\ hired= 40+ 8\)
\(\rm Employees\ to\ be\ hired= 48\)
So the number of employees to be hired for maintaining the turnover ratio to be constant the firm will have to hire 48 in total.Hence, the correct number of employees to be hired for the maintenance of the ratio, the firm will have to employ 48 employees and 8 employees in addition to the 40 employees required each year.
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