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2 years ago

Describe how you learn and adjust when an experience does not turn out as expected.

Business

1 answer:

yan [13]2 years ago

6 0

The best way to learn and adjust to a bad experience is to learn from it and try again.

<h3>What is a Learning Experience?</h3>

This refers to the circumstance or event that occurs that teaches one a (painful) lesson that would give him a better idea of dealing with similar events.

Hence, we can see that when a person has a bad experience, it is important to take the lessons and apply it, so that it would not occur again.

Read more about learning experiences here:

brainly.com/question/24452126

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term fixed price contract to build an office tower for $10,000,000. In the first year of the contract Tullis incurs $3,000,000

almond37 [142]

Answer: $750,000

Explanation:

Given that,

Fixed price contract = $10,000,000

Cost incurred in the first year = $3,000,000

Remaining costs to complete = $5,000,000

Tullis billed = $4,000,000 in year 1

Collected by the end of the year = $3,500,000

Percentage of work completed = $\frac{Expenditures\ Incurred\ from\ Inception\ to\ Date}{Total\ Estimated\ Costs\ for\ the\ Contract}$

= $\frac{3}{8} \times 100percent$

= 37.5%

Revenue recognized = 37.5% of $10,000,000

= $3,750,000

Income recognized = Revenue recognized - Cost incurred in the first year

= $3,750,000 - $3,000,000

= $750,000

8 0

3 years ago

Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $60 ea

nordsb [41]

Answer:

Journal entry to record sale of toasters and warranty

Dr Cash 36,000

Cr Sales revenue 36,000

Dr Warranty expense 2,400

Cr Warranty liability 2,400

Adjusting entry for actual warranty expense

Dr Warranty liability 500

Cr Cash 500

Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.

7 0

3 years ago

Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association

mixer [17]

Answer:

B) networking

Explanation:

Networking involves the sharing of information and ideas among people in a social group, or social set up. Networking happens in informal groups formed by people who share common interests and ambitions. Professional use networking to expand their circles of friends, acquaintances, and potential business partners.

Business people join or create networking groups to develop relationships with other business-minded people. By joining the local chamber of commerce, Galena will interact and socialize with other businesswomen. She will make friends and get a platform to engage with other professionals in her field.

4 0

3 years ago

Grason Corporation is preparing a budgeted balance sheet for 2015. The retained earnings balance at December 31, 2014 was $533,5

OlgaM077 [116]

Answer:

D. $605,500

Explanation:

At the end of 2014, the Retained Earning balance was $533,000. This serves as our beginning balance for the year 2015.

Furthermore, Dividends are expected to be paid out, i.e. a deduction on the balance sheet.

Retained Earnings on the 2015 budgeted balance sheet = Beginning Balance + Expected Net Income - Expected Dividend

=533,500+112,000-40,000

=$605,500

7 0

3 years ago

Company purchased $60,000 of Stanton Company’s 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its

ASHA 777 [7]

Answer:

d. $51,500

Explanation:

Proceed from sale of the bonds

face value x quote

50,000 x 103/100 = 51,500

The company will recognize a gain from the sale of 1,500 dollars as it sold the investment for 51,500 while it was valued at 50,000 in their books

5 0

3 years ago