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charle [14.2K]
3 years ago
7

Silas, Jerome, and Sasha are members of the marketing team at Widget Innovations, Inc. (WII), and are responsible for generating

ideas for new marketing strategies. Silas has done a phenomenal job in gathering information necessary to help the team understand the desires and needs of the client. All things being equal, Sasha has the best record of making good recommendations to Alvaro, the vice president of marketing. Jerome can make some good recommendations, but sometimes his recommendations are completely off base. Usually, Alvaro pays careful attention to what Sasha has to say, but he generally does not pay much attention to what Jerome proposes. In addition to Alvaro, Sasha has been meeting with the vice president of operations and other members of the executive team to gain support for their request to increase the marketing budget. Silas's action would contribute to which factor in effective decision making at WII?
A. transactive memory
B. production blocking
C. decision informity
D. hierarchical sensitivity
E. staff validity
Business
1 answer:
True [87]3 years ago
4 0

Answer: decision informity

Explanation:

Silas's action would contribute to decision informity in making effective decision making at WII. Decision informity is the degree to which team members inan organization possess adequate information about their task responsibilities.

From the question, ww.are informed that Silas has done a phenomenal job by gathering information that are vital to help the team understand the client's desires and needs.

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Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end
Andrew [12]

Answer:

1. Dr Supplies expense $5,820

Cr Supplies $5,820

Dr Accounts receivable $3,900

Cr Earned fees $3,900

Dr Depreciation expense $3,000

Cr Accumulated depreciation $3,000

Dr Wages expense $2,475

Cr Wages payable $2,475

Dr Unearned fees $14,140

Cr Fees earned $14,140

2. Revenues $305,800

Expenses $261,800

Net income $44,000

3. Revenue $323,840

Expense $261,800

Net income $50,745

4. $6,745 Increase

Explanation:

1. Preparation of the journal entries necessary on April 30. 2019

Dr Supplies expense $5,820

Cr Supplies $5,820

($7,200-$1,380)

(To record supplies used)

Dr Accounts receivable $3,900

Cr Earned fees $3,900

(To record accrued fees Earned)

Dr Depreciation expense $3,000

Cr Accumulated depreciation $3,000

(To record equipment Depreciation)

Dr Wages expense $2,475

Cr Wages payable $2,475

(To record accrued wages)

Dr Unearned fees $14,140

Cr Fees earned $14,140

(To record fees earned)

2. Calculation to Determine the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries.

REVENUE

Fees earned $305,800

EXPENSE:

Wages Expense $157,800

Rent Expense $55,000

Utilities Expense $42,000

Miscellaneous Expense $7,000

Expense $261,800

NET INCOME $44,000

($305,800-$261,800)

Therefore the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries will be:

Revenues $305,800

Expenses $261,800

Net income $44,000

3. Calculation to Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries.

REVENUE

Fees Earned $305,800

Fees earned but unbilled $3,900

Unearned fees $14,140

Revenue $323,840

EXPENSE

Wages Expense $157,800

Rent Expense $55,000

Utilities Expense $42,000

Miscellaneous Expense $7,000

Supplies expense $5,820

Depreciation of equipment $3,000

Unpaid wages accrued $2,475

Expense $273,095

NET INCOME $50,745

($323,840-$273,095)

Therefore the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries will be:

Revenue $323,840

Expense $261,800

Net income $50,,745

4. Calculation to Determine the effect of the adjusting entries on Retained Earnings.

Effect of the adjusting entries=$50,745-$44,000

Effect of the adjusting entries=$6,745

Therefore the effect of the adjusting entries on Retained Earnings is Retained Earnings increases by $6,745

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2 years ago
Bubble-Up, Inc., is a small manufacturer of educational toys for children under age 10. It has co-existed with three other compe
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What is the best example of a short-run adjustment?
k0ka [10]

Answer:

Short-run economics primarily affect price.

Explanation:

When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.

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2 years ago
Read 2 more answers
The net income reported on the income statement for the current year was $295,000. Depreciation recorded on fixed assets and amo
maksim [4K]

Answer:

The Net cash is 302.000

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

With the balance data,  we get the decrease or increase of the differents accounts.  

End Beginning Cash $ 50,000 $ 60,000  

Decrease in cash  -10000

Accounts receivable 112,000 108,000

Increase in accounts receivable 4000

Inventories 105,000 93,000

inventory increased 12000

Prepaid expenses 4,500 6,500

decreased Prepaid expenses -2000

Accounts payable (merchandise creditors) 75,000 89,000

accounts payable decreased -14000

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Net income 295.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 40.000

+ amortization of patents 5.000

- Decrease in cash (10.000)

- Increase in accounts receivable (4.000)

- inventory increased (12.000)

+  decreased Prepaid expenses  2.000

- accounts payable decreased (14.000)

 

Net cash 302.000

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3 years ago
Unscramble the vocabulary word from Chapter 12: yalplor
makvit [3.9K]

Payroll is your answer.

Payroll is a list that have all employees listed on it as well as the amount they were to be paid during a certain amount of time.

~

7 0
3 years ago
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