It is a false statement that the doctrine of respondeat superior is applied differently to a multi-national corporation than it is to a small-town store with one clerk.
What is the doctrine of respondeat superior?Under doctrine of respondeat superior, an employer or company is vicariously liable for an employee's negligent acts if the employee was acting within the scope of employment.
In other word, the doctrine embodies the general rule that an employer is responsible for the negligent acts or omissions of its employees, or that an employer is liable for the negligent act or omission of any employee acting within the course and scope of his employment.
Full question "The doctrine of respondeat superior is applied differently to a multi-national corporation than it is to a small-town store with one clerk. True/False"
Read more about respondeat superior
brainly.com/question/23416700
#SPJ1
BUS208 Case Studies in Business Administration
Case #2
1. Select ONE of the following (a through g).
a. A professional sports team
b. A gaming system company
c. An airline company
d. A consumer retail store
e. An automobile company
f. A computer company
2. Select a specific example of that category. For example, if you chose “a professional sports team,” you could select one of the following: Giants, Jets, Mets, Nets, Yankees, etc. Indicate the specific example you selected:
American AirLines
3. Analyze the external organizational environment for your choice. Identify at least TWO and preferably THREE aspects of EACH of the following that your choice must consider:
a. General environment
i. International dimension
1.American Airlines is the largest airline in 2020.
2. American Airlines traveled 240 destinations in the U.S, Canada,
The Caribbean and Mexico.
3.American airlines headquarters is in dallas fort worth.
ii. Technological dimension
1.Electronic wallet
2. Mobile ID
3.Virtual Assistant
iii. Sociocultural dimension
1.Ethics and human rights(provide the director with a report for unethic)
2.Sustainability and climate change
3.Give customer a great experience
(continued)
iv. Economic dimension
1.Boarding with 1 carry on & one personal item.
2.AAdvantage credit card member.
v. Legal-political dimension
b. Task environment
i. Customers
ii. Competitors
iii. Suppliers
iv. Labor market
(continued)
4. Conduct a situation analysis using a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis that assesses the environment for your selected organization.
A SWOT analysis is categorizing the information that you gathered in the environmental analysis that you performed in the first half of this case. Some of the information you listed may not qualify as a strength, weakness, opportunity, or threat, however – it may be neutral. You should have at least TWO items EACH for strengths, weaknesses, opportunities, and threats and preferably THREE aspects for at least two of these.
Positive Negative
Internal Strengths:
Weaknesses:
External Opportunities:
Threats:
Answer:
I did not know some things
A city and school district are coterminous. When evaluating the debt issues of the city, the school district debt would be considered:______
a. Overlapping debt
b. Separate debt
c. Double-barreled debt
d. Underlying debt
Answer:
a. Overlapping debt
Explanation:
A city and school district are coterminous. When evaluating the debt issues of the city, the school district debt would be considered an overlapping debt.
The city and school district being coterminous simply means that they share the same things in common such as geographic boundaries, locations, scope of business, branch (jurisdiction) strategies and perhaps objectives.
An overlapping debt can be defined as the financial obligations of a municipality that falls partly or is being shared with a nearby jurisdiction (neighboring district, towns etc.)
1.1.1 Name any one leakage in an economy. NAME ONE SECTOR INVOLVED MULTIPHER 1.1.2 What does the 45° line in the graph represent? 1.1.3 Briefly discuss the term autonomous consumption. 1.1.4 Explain the negative impact of a decrease in consumer spending on the size of the (2) multiplier. (1) IN DERIVING THE MACRO-ECONOMIC 1.2 Why is it important for a country to calculate its national income? [18] (1) 1.1.5 Calculate the multiplier when individual spending on consumption is 60%. Show all calculations. (4) (8)
1.1.1 One leakage in an economy is saving. The saving sector is involved in the leakage as individuals and businesses save a portion of their income rather than spending it on consumption or investment. Saving represents the portion of income that is not immediately injected back into the economy and can lead to a decrease in aggregate demand.
1.1.2 The 45° line in the graph represents the equilibrium level of output or income in an economy. It shows the points where aggregate spending (aggregate demand) is equal to aggregate production (aggregate supply). The line represents the condition where spending equals production, indicating a state of macroeconomic equilibrium.
1.1.3 Autonomous consumption refers to the level of consumption expenditure that occurs even when income is zero or negative. It represents the minimum level of consumption that individuals and households maintain regardless of their income. Autonomous consumption is usually influenced by factors such as basic needs, fixed expenses, or borrowing. It plays a crucial role in determining the level of aggregate demand in an economy.
1.1.4 A decrease in consumer spending has a negative impact on the size of the multiplier. The multiplier refers to the amplification effect that occurs when an initial change in spending or investment leads to a larger overall change in the economy. When consumer spending decreases, it leads to a decrease in aggregate demand, which in turn reduces the level of output and income. As a result, the multiplier effect is dampened, and the overall impact on the economy becomes smaller.
1.2 Calculating national income is important for a country for several reasons:
- It provides policymakers and economists with crucial information about the overall health and performance of the economy.
- National income data helps in formulating economic policies and making informed decisions related to fiscal and monetary policies.
- It allows for the comparison of economic performance across different countries and over time, providing insights into economic growth and development.
- National income calculations help in identifying income distribution patterns and inequalities within a country.
- It serves as a basis for calculating various economic indicators, such as GDP per capita, which are used to assess the standard of living and well-being of the population.
1.1.5 To calculate the multiplier when individual spending on consumption is 60%, we can use the formula:
Multiplier = 1 / (1 - Marginal Propensity to Consume)
Given that the individual spending on consumption is 60% or 0.6, the Marginal Propensity to Consume (MPC) would be 0.6. Substituting this value into the formula:
Multiplier = 1 / (1 - 0.6)
Multiplier = 1 / 0.4
Multiplier = 2.5
Therefore, the multiplier in this case would be 2.5.
Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
Learn more about financial-motivators here:
https://brainly.com/question/9880948
#SPJ1
identify each CSTO from its description
i. Define partnership and explain the importance of the business in Pakistan.
ii. If the profit earned during the last five years Rs. 92,000, Rs. 81,000,
Rs 75,000 and Rs. 70,000. Calculate the value of good will, under the average profit method and 4-years purchase of the average profits of the last five years?
Partnership is where two or more equally operate a business and share in its profit and loss.
The value of the good will is Rs. 254,400.
What is partnership?i. Partnership is a type of business structure where two or more individuals come together to operate a business with the goal of making a profit. Partners share the responsibilities, liabilities, and profits of the business. Partnerships are an important form of business in Pakistan as they provide an opportunity for individuals to come together and pool their resources, skills, and expertise to start and run a business. Partnerships can also reduce the risk of business failure, as partners share the financial burden of the business and can provide support and guidance to one another.
ii. To calculate the value of goodwill using the average profit method:
Add up the total profits from the last five years: 92,000 + 81,000 + 75,000 + 70,000 = 318,000
Divide the total profits by the number of years: 318,000 / 5 = 63,600
Multiply the average profits by the number of years of purchase, in this case 4: 63,600 * 4 = 254,400
So, the value of goodwill under the average profit method and 4-years purchase of the average profits of the last five years is Rs. 254,400.
Read more on partnership here: https://brainly.com/question/25012970
#SPJ1
3. ABC suppliers have an idea that an organization should be in good terms with the community, customers, and potential customers. Explain what public relations is. [2x1] [2]
Public relations (PR) is the practice of managing the communication between an organization and its various stakeholders, including the community, customers, potential customers, employees, investors, and the media.
The goal of Public relations (PR) is to create and maintain a positive image of the organization in the eyes of its stakeholders, enhance its reputation, and build relationships with key stakeholders.
PR professionals use various tools and strategies, such as press releases, media outreach, events, and social media, to communicate the organization's message and engage with its audiences.
Learn more about Public relations here:
https://brainly.com/question/20313749
#SPJ1
Lanyards that have no shock-absorbing features are used for _____. Group of answer choices climbing ladders workers under 150 pounds positioning working on scaffolds
Answer:
Positioning
Explanation:
In simple words, A positioning gadget system includes a positioning lanyard. The employee is supported by this system on a raised vertical surface, such as a wall or pole. This allows people to work while leaning without having to use their hands. The lanyard ties the individual to a place in ahead of their physique that serves as an anchor point.
Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $5,500,000 and would generate annual net cash inflows of $1,100,000 per year for 7 years. Calculate the project's NPV using a discount rate of 8 percent.
The NPV of the project is $$2,27,007.0651, which means that the project will generate a net present value of $$2,27,007.0651 for the company if a discount rate of 8 percent is used. This means that the project will provide a positive return on investment and is a viable option for the company to pursue.
What is the project's NPV?Generally, To calculate the project's NPV using a discount rate of 8 percent, we need to use the following formula:
NPV = (Net Cash Inflows / (1 + r)^t) - Initial Cash Outlay
Where:
Net Cash Inflows = $1,100,000 per year for 7 yearsInitial Cash Outlay = $5,500,000 r = 8% (discount rate) t = 7 (number of years)We can calculate the NPV as follows:
NPV = ($1,100,000 / (1 + 0.08)^1) + ($1,100,000 / (1 + 0.08)^2) + ($1,100,000 / (1 + 0.08)^3) + ... + ($1,100,000 / (1 + 0.08)^7) - $5,500,000
NPV = $2,27,007.0651
Read more about the project's NPV
https://brainly.com/question/28590944
#SPJ1
NEED HELP WILL GIVE BRAINLIEST!!
Francis has recently started an advertising campaign that includes numerous advertisements across various media formats. Since the campaign began,
sales are up 20%. He wants to increase his investment in the advertisements that have been most effective, but he doesn't know which ones to do. What has he failed to include in his advertisement planning?
A. Determining his target audience
B. Planning his advertising budget
C. How to measure advertising effectiveness
D. Knowing what types of media formats are available
He failed to include in his advertisement planning, knowing what types of media formats are available, hence option (D) is correct
What is an advertisement?The term advertisement refers that the promotion of a product to people digitally or a sample-based of product it can be under advertisement there are different types of advertisements are being also there as newspapers, and television are the source for the advertisement as well.
By not knowing the right advertisement Francis are not been able to make the sales it wanted to make as for the sales more advertisements are being required and by the advertisement they can make better work and more effectively in it but not knowing the current values in the sales he was not able to work on it.
Therefore, option (D) is correct.
Learn more about advertisements here:
https://brainly.com/question/3163475
#SPJ2
Most state and local income taxes are either
Answer:
tax collected on the purchase price of goods or services
Explanation:
tax collected on the purchase price of goods or services
Most state and local income taxes are either tax collected on sales.
What is Tax?Tax are levy or due paid by an individual, organization or firm. It is paid to the government purse and the money is used by the government for their spending.
The payment is compulsory and the amount to aly is determined by the government.
Therefore, most state and local income taxes are either tax collected on sales.
Learn more on tax here, https://brainly.com/question/26316390
#SPJ2
Following are selected income statement and balance sheet data for companies in different industries.
$ millions Sales Cost of Gross profit Net income Assets Liabilities Equity
goods sold
Harley- $ 5,342 $ 3,302 $ 2,040 $ 960 $ 5,255 $2,171 $ 3,084
Davidson
Nike, Inc. 13,740 7,624 6,116 1,212 8,794 3,149 5,645
Starbucks 6,369 2,605 3,764 494 3,514 1,423 2,091
Corp.
Target 51,271 34,927 16,344 2,408 34,995 20,790 14,205
Corp.
a) Compute the following ratios for each company. Round all answers to one decimal place (percentage answer example: 0.2345 = 23.5%). Note: The liabilities to stockholders' equity ratio should not be converted into a percentage answer (round answers to one decimal place, for
Company Gross Profit/ Net Income/ Net incom/ Liabilities/
sales sales Equity equity
Harley-Davidson
Nike, Inc.
Starbucks Corp.
Target Corp.
(b) Which of the following statements about business models best describes the differences in gross (and net) profit margin that we observe?
a. The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away.
b. The lower gross profit companies are those that can manufacture their products at the lowest cost.
c. The higher gross profit companies are those that sell the highest unit volumes.
d. The lower gross profit companies are those that charge a higher price for their products.
Answer:
Which of the following statements about business models best describes the differences in gross
a.The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away
Explanation:
Sales Cost Gross profit Net In.Assets Liabilities Equity
Harley- 5,342 3,302 2,040 960 5,255 2,171 3,084
Nike, 13,740 7,624 6,116 1,212 8,794 3,149 5,645
Starbucks6,369 2,605 3,764 494 3,514 1,423 2,091
Target 51,271 34,927 16,344 2,408 34,995 20,790 14,205
Gross Profit Harley- 38.2% Net Income Harley- 18.0%
Nike, 44.5% Nike, 8.8%
Starbucks 59.1% Starbucks 7.8%
Target 31.9% Target 4.7%
Liabilities Harley- 0.70 ROE Harley- 1.7
Nike, 0.56 Nike, 2.4
Starbucks 0.68 Starbucks 3.0
Target 1.46 Target 3.6
a.The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away.
A company using process operations started and processed 400 units in its first department. The units are 40% complete with respect to materials and 25% complete with respect to labor and overhead. The EUP for labor and overhead is ______units
The EUP (equivalent units of production) for labor and overhead is 100 units of product.
What is product?
Product is a good or service offered by a business to its customers. It is used to distinguish one company's offerings from another's. Products can vary in complexity and can include physical items, services, software, and digital content. Product design, production, and marketing all play a role in how successful a product can be in the market. Companies strive to create products that are both innovative and of high quality to attract customers and increase their profits.
To learn more about product
https://brainly.com/question/29910613
#SPJ1
Select the correct answer. What is the standard lettering height of lowercase letters when used in combination with uppercase letters? A. Lowercase letters must be about one-fourth the height of uppercase letters. B. Lowercase letters must be about twice the width of uppercase letters. C. The lower part of the lowercase letter must be about two-thirds the height of the capital letter. D. The upper part of the lowercase letter must be about two-thirds the height of the capital letter.
Answer:
B
Explanation:
Bob Martino has a home mortgage on a vacation home with ABC Co., a local credit union. Which condition would allow him to work on the firm's audit of ABC?
1) No condition would allow him to work on the audit.
2) He will charge less than 20 hours to the credit union's audit.
3) His loan is not material to his net worth.
4) He is not the lead engagement partner or manager on the account.
Based on the information, the condition that would allow him to work on the firm's audit of ABC is His loan is not material to his net worth. Thus the correct option is D.
Bob Martino would need permission from ABC management in order to participate in the corporate audit of ABC Co., a financial institution.
Bob Martino would need permission to refrain from using any private information gained from the credit union audit for his or her own benefit in order to qualify for the exemption.
The auditing company would need to determine whether his loan is material to his net worth in order to make sure he is not swayed by his own financial interests.
Therefore, option D is appropriate.
To know more about the audit of a firm, click here
brainly.com/question/28238523
#SPJ1
In a graduated tax system,
a. the tax rate says the same regardless of taxable income.
b. the tax rate gets lower as taxable income gets larger.
c. the tax rate gets higher as taxable income gets smaller.
d. the tax rate gets higher as taxable income gets larger
Answer:tax rate gets high the more I come
Explanation:
More money earned means more tax return
A soup kitchen falls under what type of organization?
National School Lunch Program
Nutrition Program for the Elderly
Expanded Food and Nutrition Education Program
Food Bank
food bank because they used a soup kitchen during the Great depression and it's for the homeless people too it has to be program
Match the different activities to the responsibilities of relevant banks
Answer:
Federal bank:
•provides financial services to the government
•regulates safe and lawful operations
Conducts nation’s monetary policies
Other commercial banks:
•accepts deposits from people
•lends money through to consumers and businesses
Explanation:
I just took the test and got this one right
(Plato/edmentum)
The different activities are matched as per responsibilities :
Federal bank
Gives all financial services to the governmentregulates safe and the lawful operationsMaintains nation’s monetary policiesOther banks :
Accepts the deposits from the people.They lend the money to consumers and businessesWaht is a federla bank ?A federal bank is one that acts as the central bank and is commonly found in the US.
These banks are responsible for conducting activities like giving all financial services to the govt and maintaining the nation's monetary policy. While the other banks are responsible for accepting the deposit from people and lending the money to consumers and businesses.
Find out more information about the banks
brainly.com/question/1338863
Select the correct answer.
Athletes can have short playing careers, so they are eager to leverage their fame through endorsements as much as possible. What is the risk of such an approach?
A.
There’s saturation of the market with multiple endorsements.
B.
Only certain companies will be interested.
C.
Consumers will start to lose interest.
D.
Their perceived endorsement value will be low.
Answer: I believe the answer is a
Explanation:
How much money will the bank need to
loan a purchaser using a 10% down
payment on a $190,000 property?
A. $189,810.00
C. $188,100.00
B. $190,000.00
D. $171,000.00
What is the definition of
continuous compounding?
Answer: Continuous compounding is the mathematical limit that compound interest can reach if it's calculated and reinvested into an account's balance over a theoretically infinite number of periods. While this is not possible in practice, the concept of continuously compounded interest is important in finance.
Explanation:
Swapna owns a small flower shop. Which is the best example of
O Sell flowers to individuals and businesses.
Bring a little joy into everyday life.
O Serve people in need of fresh flowers.
Encourage staff to work toward a single goal
A little flower business is owned by Swapna. This is the finest illustration of marketing flowers to both people and companies.
Small companies are often either service providers or retail establishments like pharmacies, grocery shops, and small manufacturing facilities.
The operation of a flower shop may be quite lucrative. You'll start to notice a lot more money in your bank account after you understand pricing, and realize the benefits of cost management, master marketing, and master sales.
Although the term "florist" can also refer to someone who produces flowers for cutting, it is most frequently used to refer to the owner or manager of a flower business. A florist is someone you should consult whether designing bouquets for a wedding or purchasing flowers for a sick friend.
To learn more about the flower business
https://brainly.com/question/1917380
#SPJ1
Class Work (2 individuals)
1. Rama company issues 120000 10% debentures of $ 10 each at a premium of 10%.
The costs of floatation are 4%. The rate of tax applicable to the company is 55%.
Complete the cost of debt capital.
The cost of debt capital for Rama company is 5.2%.
To calculate the cost of debt capital for Rama company, we need to consider the interest paid on the debentures, the premium received on the debentures, and the costs of floatation.
Firstly, we can calculate the total amount of funds raised by issuing the debentures:
120,000 debentures * $10 face value = $1,200,000
Since the debentures are issued at a premium of 10%, the company receives an additional amount of:
$1,200,000 * 10% = $120,000
However, the cost of floatation is 4%, which means that the company has to pay:
$1,200,000 * 4% = $48,000
Therefore, the net amount of funds raised by the company is:
$1,200,000 + $120,000 - $48,000 = $1,272,000
Next, we need to calculate the interest paid on the debentures. The debentures carry an interest rate of 10%, which means that the annual interest payable by the company is:
$1,200,000 * 10% = $120,000
However, since the debentures are issued at a premium, the interest paid is tax-deductible. Therefore, the after-tax cost of debt can be calculated as follows:
Interest paid on debentures * (1 - tax rate)
= $120,000 * (1 - 55%)
= $120,000 * 0.45
= $54,000
Finally, we can calculate the cost of debt capital using the following formula:
Cost of debt capital = (interest paid - tax shield) / net amount raised
= ($120,000 - $54,000) / $1,272,000
= $66,000 / $1,272,000
= 0.052 or 5.2%
For more such questions on debt visit:
https://brainly.com/question/29749046
#SPJ11
In most states insurance companies O a higher standard of care of first party Clemets then they do third party Clemets because
Answer:
Most states do not allow the third-party claimant to proceed
against the insurer, once he has been paid the maximum recover-
able on the policy, except as the policyholder's assignee. Some
states, however, have altered this result either by using statutes to
create an assignment where the policyholder has not voluntarily
made one, or by fashioning a direct third-party suit against the insurer.
Effective and carefully planned mission statements:
A) require major changes every few months.
B) require major changes every few quarters.
C) require major revision every few years.
D) do not require revision.
E) require infrequent major changes, but are always subject to revision.
Effective and carefully planned mission statements require infrequent major changes but are always subject to revision.
What are mission statements?
The mission statement of an organization succinctly states the reason for its operations, its ultimate goal, the kind of product or service it provides, its target market or clients, and the region in which it operates. It might contain a succinct description of important concepts like an organization's beliefs or philosophy, its key competitive advantages, or its "vision" for the future. It has historically been connected to Christian religious organizations; in fact, for many years, a missionary was thought to be someone on a mission that was especially religious. The Jesuits' sending of missionaries abroad is where the term "mission" first appeared in 1598.
Know more about mission statements - brainly.com/question/13946297
#SPJ1
how does being mindful of your strengths, skills, weaknesses, and potential challenges or obstacles impact your personal, academic, and professional growth?
Explanation:
It’s not unusual for people to compare themselves with others around them, and to feel superior or inferior towards them based on their strengths and their weaknesses.
The thing is, every individual is different and we all function differently based on our personalities. It is important to know yourself and your capacities.
Your strengths are things you can leverage on, things you can use to push yourself further.
On the other hand, your weaknesses are not your downfall. These are areas you need to improve on. It is not something you lack. It is something you need to develop and build.
In order to leverage your strengths and improve on your weaknesses, you first need to know them.
Answer:
Being mindful of my strengths, skills, and potential obstacles can significantly impact my personal, academic, and professional growth. When I am aware of my strengths, I can rely on them to complete tasks, sort of like leverage. They are also things that will help push me further in whatever aspect of life. Knowing my skills will also benefit me by knowing when to use them in certain situations. Learning my skills is also essential to understand when knowing when and how to use them. Also, when I am aware of my obstacles or challenges, it will help me find a way to avoid them or find a better way to accomplish something. It is also something that I know I need to work on and become better at, and without being aware of first, I wouldn’t be able to do that. When I am aware of how I function, it makes it easier for me to achieve my goals. I wouldn’t be able to grow in my personal, academic, or professional life if I wasn’t aware of those things. A saying that I learned throughout my recovery was “ to be aware is to be alive.” It is essential to know my benefits and downfalls within myself to be able to grow and become better in all areas of my life.
Explanation:
We Are the World is an importing company that specializes in importing hand-made arts and crafts from crafters and artisans around the world. The company has about $4 million worth of stock outstanding. Due to its desire to avoid double taxation, it is structured so that its individual shareholders pay taxes on all of the company's income. The shareholders report the flow-through of income and losses on their personal tax returns and are assessed at their individual tax rates. We Are the World is a(n):_____.
a. limited liability company (LLC).
b. C corporation.
c. S corporation.
d. G corporation.
e. investment trust.
Answer:
c. S corporation.
Explanation:
S corporations that are elected for passing out the corporate income, losses, deductions and credits via to the shareholders for the federal tax motive. It is responsible for tax on specific gains and the passive income for the entity level
Also the shareholders could reported the flow via income and the losses on the personal income tax returns and can be assess at individual tax rates
So, the option c is correct
Lantana company has provided you with the transactions that occurred during its first month of operations. The controller has already recorded the transactions to the t-accounts and has asked you to prepare the classified balance sheet based on the t-account balances.
To prepare the classified balance sheet for Lantana Company based on the provided t-account balances.
What is T- Accounts ?We first need to organize the information into relevant categories. These categories typically include current assets, non-current assets, current liabilities, non-current liabilities, and equity.
For current assets, we can include cash, accounts receivable, and inventory, among others. Non-current assets may include property, plant, and equipment, as well as long-term investments.
Current liabilities may include accounts payable and short-term loans, while non-current liabilities could include long-term debt and deferred tax liabilities. Finally, equity would include common stock, retained earnings, and any other relevant components.
Once we have organized the t-account balances into these categories, we can then calculate the total amounts for each category and list them on the balance sheet accordingly.
The resulting balance sheet will provide a clear snapshot of the company's financial position at the end of its first month of operations, and will be a useful tool for decision-making and planning going forward
Learn more about T- Account here
https://brainly.com/question/16729576
#SPJ1
Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 7,800 direct labor-hours will be required in August. The variable overhead rate is $1.20 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $100,560 per month, which includes depreciation of $8,790. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Answer:
Total cash= $101,130
Explanation:
Giving the following information:
Estimated direct labor hours= 7,800
The variable overhead rate is $1.20 per direct labor-hour.
The company's budgeted fixed manufacturing overhead is $100,560 per month, which includes depreciation of $8,790.
We need to deduct the depreciation expense because it is not a cash disbursement.
Cash disbursement:
Variable overhead= 7,800*1.2= $9,360
Fixed overhead= (100,560 - 8,790)= $91,770
Total cash= $101,130
I need a an idea of followership introduction help me!
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
Know more about Effective followers here:
https://brainly.com/question/30273890
#SPJ11