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11Alexandr11 [23.1K]
3 years ago
10

Jack Holmes is a middle-aged, lower-level employee at an automobile service center. Though he is not paid very well, he loves hi

s job. His supervisor speaks to him with respect, and he is the favored candidate for mentoring new employees because of the vast experience he holds in the job. Based on this information, which of the following is most likely to be the reason Jack likes his job?
Business
1 answer:
PolarNik [594]3 years ago
5 0

The question is incomplete. Here is the complete question:

Jack Holmes is a middle-aged, lower-level employee at an automobile service center. Though he is not paid very well, he loves his job. His supervisor speaks to him with respect and he is the favored candidate for mentoring new employees because on the vast experience he holds in the job. Based on this information, which of the following is most likely to be the reason Jack likes his job?

A) recognition

B) prospects of growth

C) salary

D) flextime

E) job sharing

Answer:

A) Recognition

Explanation:

The fact that Jack Holmes is not overlooked, but rather recognized and respected for the vast experience he has on the job, even though he is a lower level employee, is most likely to be the reason why he likes his job.

Despite the low salary, <em>being chosen to mentor new employees</em> gives him job satisfaction.

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Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock
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Answer: Please find answers in explanation column.

Explanation:

a. Journal to record The issuance of the bond

Date Account Titles  Debit              Credit  

Jan. 1 Cash               $618,000  

    9%  Bonds payable                             $600,000  

      Premium on Bonds payable             $18,000

Calculation

Cash = 600,000 x 103% =$618,000

   

b. The accrual of interest and the premium amortization on December 31, 2020

Date Account Titles     Debit             Credit  

Dec. 31 Interest expense    $53,100  

Premium on Bonds payable     $900  

       Interest payable                             $54,000

Calculation

Interest = 600,000 x 9% = $54,000

Premium on bonds = 18,000 /20 = $900

Interest expense=$54,000- $900=$53,100

c.Journal to record  The payment of interest on January 1, 2021.     Date Account Titles           Debit       Credit  

Jan. 1 Interest payable        54000  

                    Cash                                     54000  

d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.  

Date Account Titles and Explanation Debit      Credit  

Jan. 1, 2 Bonds payable                      $600,000  

       Cash                                                            $600,000

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For an activity base to be useful in cost behavior analysis: a) there should be a correlation between changes in the level of ac
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Option A is the correct one

Explanation:

Among the various options given in question statement, option A is correct

Cost behavior analysis is done make management comprehend the impact of various costs change versus changes in activities in various levels of the company. This may involve direct materials, direct labor, and overhead costs. Hence if there is no correlation between changes in the level of activity and changes in costs, then such analysis wont be an effective cost behavioral analysis

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In the long run for a competitive firm,
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Answer:

The correct answer is letter "C": the firm is at the bottom of its short run average cost curve.

Explanation:

Competitive firms are companies that accept the equilibrium price of a given good or service within a market. If they try to raise the price, they will not be able to sell their products. It is said that <em>in the long term a competitive firm is at the bottom of its short-run average cost curve because it portraits the most efficient level of production</em>. That curve shows the optimal least-cost input combination for producing output.

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How to calculate the total cost of a car loan.?
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The following information is available for a company's utility cost for operating its machines over the last four months. Month
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Answer:

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        Low               <u> (740)</u>                           <u> (4,650)</u>

                              <u> 1,940 </u>                          <u> 3,450</u>

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Using high and low method, we will obtain the highest activity (machine hours) and the corresponding cost. We will also obtain the lowest activity and the corresponding cost. Thereafter, we will deduct the lowest points from the highest points. Finally, we will divide the difference in cost by the difference in machine hours in order to determine the estimated variable cost per machine hour.

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