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gizmo_the_mogwai [7]
3 years ago
13

In the Flying Tigers case study from lesson two, General Chennault established an organization in which reward pay was contingen

t on performance based standards. What best describes the kind of goal setting and pursuit strategy represented in this case study?
Business
1 answer:
kirill [66]3 years ago
6 0

Answer: General Chennault established specific and measurable goals for the pilot.

Explanation:

From the question, we are informed that in Flying Tigers case study from lesson two, General Chennault established an organization in which reward pay was contingent on performance based standards.

The kind of goal setting and pursuit strategy represented in this case study show that General Chennault established specific and measurable goals for the pilot. The pilots know what to do in order for them to get rewarded.

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Which of the following transactions causes a decrease in stockholders’ equity?
melomori [17]

Answer:

A. Paying advertising expense for the current month.

Explanation:

The decrease in stockholder equity would be affected when the adverting expenses are paid as this transaction decrease the cash balance of the current asset account plus the retained earning balance also decreases as the expense amount is deducted from the income earned

The other transactions which are given are not decreased the stockholder equity so it would not be effected at all.

8 0
3 years ago
Finished goods inventory is $182,000. If overhead applied to these goods is $75,000, and the overhead rate is 120% of direct lab
Sedaia [141]

Answer:Direct Material cost To the nearest whole dollar becomes $45,000

Explanation:

Given that Total cost in the finished goods inventory = $182,000

Total cost = Direct Material cost  + Direct Labor cost + Overhead rate cost

But Overhead rate cost = 120% of labor cost

Since Over head cost = $75,000

Direct labor cost = $75,000/ 120%=$62,500

Total cost = Direct Material cost  + Direct Labor cost + Overhead rate cost

$182,000 = Direct Material cost+ $62,500+ $75,000

Direct Material cost = $182,000 - ( 62,500+75,000)

Direct Material cost = $182,000 -$137,500

Direct Material cost = $44,500

To the nearest whole dollar becomes $45,000

8 0
3 years ago
After the amount due on a sale of $30,400, terms 2/10, n/eom, is received from a customer within the discount period, the seller
Elenna [48]

Answer:

a. The amount refund owed to the customer is : $29,792

b. To record the refund and the return of merchandise:

Dr Sales returned and Allowances     $30,400

Cr Sales Discounts                              $608

Cr Cash                                                $29,792

(to record the refund of $30,400 sales with sales discount of $608 made)

Dr Merchandise Inventory                    $13,060

Cr Cost of Merchandise sold               $13,060

(to record the impact of the $30,400 sales refund on cost of merchandise sold and merchandise inventory)

Explanation:

- Further explanation for sell discounts calculation:

As the terms is 2/10, total discount had been given as calculated below:

$30,400 x 2% = $608.

3 0
4 years ago
In year 1, the actual budget deficit was $200 billion and the cyclically adjusted deficit was $150 billion. in year 2, the actua
Ivan

<u>Answer:</u> it can be concluded that fiscal policy from year 1 to year 2 became more expansionary.

<u>Explanation:</u>

When the fiscal policy becomes expansionary the government will decrease the taxes and increase its spending in order to reduce the recessionary situation in the country. In the above scenario budget deficit means the expenditure is more than the revenue.

A cyclical budget deficit means the deficit which occurs due to decrease in tax rates and increase in government spending. Increasing the taxes and government spending would both offset the balance in the economy.

6 0
3 years ago
Producer surplus is:
Elena L [17]

Answer: Option (d) is correct.

Explanation:

Producer surplus is associated with the producer of a good. Graphically, producer surplus is the area between the upper portion of supply curve and equilibrium price level. Producer surplus is also defined as the difference between the price at which sellers are willing supply and the actual price they received.

Producers surplus = Price paid by buyers - Cost of production

4 0
3 years ago
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