Answer:
Reward power
Explanation:
Reward power is simply the power a team leader, supervisor or manager has to hand out rewards to their subordinates. A "good" should be able to reward employees based on their merits, e.g. the best salesman get a free dinner at an expensive restaurant, or paid vacations, etc.
In this case Kevin uses rewards to motivate his sales team. Whoever does the best job gets a sales lead (they probably earn sales commissions) and has the possibility of earning more money.
Answer:
C. Interest Expense account is increased; the Interest Payable account is increased.
Explanation:
A secured interest can be defined as a legal right granted by a borrower to a lender (creditor) over a collateral (the borrower's property) which permits or allow the lender to have a right to possess the property as soon as the lender defaults in making payment. The payment which is expected to be made by the borrower of a mortgage loan is considered a secured obligation because it is a lien or an enforceable legal claim.
When interest is accrued on a note payable, but not paid, the Interest Expense account is increased; the Interest Payable account is increased.
Answer and Explanation:
The Journal entry is shown below:-
1. Sales revenue Dr, $28,656 ($121,700 + $287,673) × 7%
To Sales tax payable $28,656
(Being sales tax payable is recorded)
Here we debited the sales revenue as it decreased the revenue while we credited the sales tax payable as it increased the liabilities so that the proper posting could be done
Working note
Credit sales = $130,219 × 100 ÷ 107
= $121,700
Cash sales = $302,810 × 100 ÷ 107
= $287,673
Answer: standards are based on the ultimate goals of a business
Explanation:
- Standards set specialized goals
- Examples
-Financial standards
* Set goals for profit, cash flow and sale
-Quality control standards
*Set up production line check for defects in machinery or workmanship
