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skad [1K]
3 years ago
13

Presented below is income statement information of the Schefter Corporation for the year ended December 31, 2013.

Business
1 answer:
Alchen [17]3 years ago
3 0

Answer and Explanation:

The journal entries are shown below:

Sales Revenue $492,000  

Interest Revenue $6,000  

Gains on Sale of Investment $8,000  

        To Profit or Loss $506.000

(being the closing of revenue accounts is recorded)  

Profit or Loss $440,000  

   To Salaries Expense      $80,000

   To Advertising Expense $10,000

   To Cost of Goods Sold  $284,000

   To Insurance Expense  $12,000

   To Interest Expense  $4,000

   To Income Tax Expense  $30,000

   To Depreciation Expense $20,000

(being the closing of expenses accounts is recorded)  

Net Income $66,000    ($506,000 - $440,000)

   To Profit or Loss $66,000

(being Recording of profit earned)

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From theory, what are some communication channels and barriers? Now from professional experiences, what are some communication c
Ira Lisetskai [31]

Answer:

Communication channels are the channels with which information are passed from one to person to another. Messages and ideas are exchanged using these channels to complete the communication process.

Explanation:

Types of communication channels are:

Email

Social media

TelephoneTelevision

Radio

Face-to-face communication

Oral and written communication

Verbal and non-verbal communication.

Communication can be through the use of words or without words, such as the use of signs and gestures. Communication can take place physical and otherwise.

Barriers in communication this are the things that create disturbances in sent messages and thereby causing a misunderstanding between the sender and receiver.

Barriers are:

Poor communication skills: when an individual communication skill is weak, such individual lacks the confidence to communicate effectively in front of others.

Noise disturbance: Noise disturbance is a barrier that hampers the clarity of a message.

Language barriers: The language barrier occurs when there is diversity in an organization workforce. languages or accents differ fromLanguage to language same as cultures.

Perception differences: This occurs when the senders point of view and receivers doesn’t match up which results in lack of understanding.

Wrong pronunciation of words and poor usage of vocabulary: By not pronouncing words accurately and correctly, wrong message might be passed.

the communication channels in a professional settings are:

Formal communication: the use of written letters and e-mails to colleagues, senior management, or the exchange of thoughts through official presentations before board members.

Informal communication: this kind of message channel exist between acquittances people we are familiar with. Any style and words not suitable in formal communication mode can be used here.

Barriers at the professional level are:

Organizational Hierarchy: due to the long chain of hierarchy or it passes through this alters the original message.

Lack of knowledge of non-verbal communication: Body language, gestures and postures are essential factors of communication as a wrong gestures and postures communicate false messages.

Low confidence level: For am individual to be able face a crowd and pass effective communication he needs his confidence level high.

Clarity in the message: The message been passed must be clear, concise and simple. Free of grammatical and spelling errors.

High confidence level: a confident speakers communicates easily, which his message easy to grasp and understand.

Feedback: for a communication process to be complete the receiver must give a feedback.

Good communication skills:

1. Practicing like they say practice makes perfect.

2. Proper pronunciation of words.

6 0
3 years ago
Laura is carefully estimating the time required for each phase of a proposed system development project to see if her company ca
PilotLPTM [1.2K]
Laura is checking on schedule feasibility.
She is doing everything in order to see whether each phase will run smoothly and according to her schedule. She wants to see if her schedule is possible at all, which is why she is making a timetable to prove her hypotheses.
7 0
2 years ago
What is the largest category calculated when using the expenditure approach to calculate GDP?
Leya [2.2K]
When using the expenditure approach, we are looking at the total spending of a business that is included in the equation to compute for GDP. For this, I would say government purchases is the answer because government purchases would take up the biggest chunk of a country's revenue for development and imports.  
4 0
3 years ago
Grossnickle corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. today,
Dima020 [189]
Bond valuation: 
<span>Par value = Maturity value = FV = $1,000 </span>
<span>Coupon rate = 7.5% </span>
<span>Years to maturity = N = 19 </span>
<span>Required rate = I/YR = 5.5% </span>
<span>(Coupon rate)(Par value) = PMT = $75 </span>
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5 0
3 years ago
Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment, $3.5 trillion
jonny [76]

Answer:

The correct answer is option D.

Explanation:

NDP or net domestic product is calculated by deducting depreciation from GDP or gross domestic product.

Gross domestic product is the measure of final goods and services produced in an economy in a given time period, generally a year.

Gross domestic product will be the sum of consumption, investment, government expenditure and net exports.

NDP

=GDP-Depreciation

=$(16-1)

=$15 trillion

So, NDP is $15 trillion.

6 0
3 years ago
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