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madam [21]
1 year ago
15

when darren met the ceo of his company for the first time, he made sure to give the boss a firm handshake and a smile. darren wa

s practicing
Business
1 answer:
Igoryamba1 year ago
8 0

Impression management was practised by darren.

Impression management is the subconscious or conscious effort to influence other people's perceptions, decisions, and opinions.

Impression management (also known as self-presentation) refers to the processes by which people control how others perceive them. People are more motivated to control how others perceive them when they believe that their public images are important in achieving desired goals, the goals for which their impressions are important, and there is a gap between how they want to be perceived and how others perceive them. The actions people take to persuade others to think about a concept in a certain way are referred to as impression management. People use impression management to either reinforce or change their current opinions, depending on their goals.

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Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
Kay [80]

Answer:

The following journal entries are required on declaration date:

Dr Retained earnings ($10*20000)                                    $200,000

Cr Common stock distributable dividend($2*20000)                       $40000

Cr Paid=in share capital in excess of par value of $2                            $160000

While on distribution date the entries required are:                                                                

Dr Common stock distributable dividend     $40000

Cr Common stock                                                         $40000

Explanation:

First of all, the stock dividend of 20% translates to 20000 shares (100000 shares *20%)

At the declaration date the following entries are required:

Dr Retained earnings ($10*20000)                                       $200,000

Cr Common stock distributable dividend($2*20000)                          $40000

Cr Paid-in share capital in excess of par value of $2

($10-$2=$8*20000 shares)                                                                   $160000

Upon distribution of the stock dividend, the stock dividend in dividends distributable account needs to be reclassified to common stock account as follows

Dr Common stock distributable dividend     $40000

Cr Common stock                                                         $40000

8 0
3 years ago
Chess Top uses the perpetual inventory system. On May 1st, the beginning inventory consisted of 480 units that cost $65 each. Du
Lyrx [107]

Answer:

the amount of the cost of goods sold is $55,120

Explanation:

The computation of the cost of goods sold for the month is shown below:

Since 800 units were sold out of which 360 units would sold at $70 and the remaining units i.e. 440 units would be sold at $68

= 360 units × $70 + 440 units × $68

= $25,200 + $29,920

= $55,120

Hence, the amount of the cost of goods sold is $55,120

5 0
3 years ago
A _______ is a group of people who agree to save their money together and to make loans to each other at a relatively low rate o
Ivenika [448]
A) credit union is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest. 
7 0
3 years ago
Read 2 more answers
During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of
iren2701 [21]

Answer:

A. Increase liabilities (Accounts payable) by $337.8 million

Explanation:

The journal​ entry will be: Inventory (Credit - Increased) 337,860,000 and Accounts payable (Debit - Increased) 337,860,000.

The company must recognize the increase in the Inventory and the medium of payment (Accounts payable).

B is false because this operationn can also be a decrease in cash, but the amount in the operation is too high for this payment medium.

C is false because, the inventory is not sold, and COSG will be increased when the goods are sold.

D is also false because the inventory is increasing, not decreasing.

6 0
3 years ago
A.Red Company has excess cash to invest and pays Ş 50.000 to buy Ş 50.0000 face value, % 5 five-year B Company’s bonds July 1, 2
likoan [24]

Answer:

Dr Bond investment   $50,000

Cr  cash                                          $50,000

Dr cash                               $1,250

Cr interest revenue                            $1,250

Dr cash                          $50,000

cr bond investment                       $50,000

Explanation:

On July 1 2019,Red company would have parted with cash of $50,000 which means that cash account should be credited with $50,000 while bond investment account is debited with same amount

On receipt of first interest payment of $1,250 (5%*$50,000*1/2) cash is debited with $1,250 while interest revenue is credited with the same amount.

Upon receipt of face value at redemption,the journal entry would be opposite of the initial one

4 0
3 years ago
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