Answer:
Explanation:
The department manager sees controllable costs of his or her respective department
Answer:
The explanation of this question is given below in the explanation section.
Explanation:
In this question, two different scenerios are given regarding two different economic theory. First, we will know that what is Keynes and Hayek economic theory and then do drag the label to correct situation.
Keynes's economic theory
This theory says the government should increase demand to boost growth. Keynesians believe consumer demand is the primary driving force in an economy. As a result, the theory supports expansionary fiscal policy. Its main tools are government spending on infrastructure, unemployment benefits, and education. A drawback is that overdoing Keynesian policies increases inflation.
Hayek's economic theory
This thoery says that how changing prices relay information that helps people determine their plans is widely regarded as an important milestone achievement in economics
Hayek says that markets will heal themselves and that government should not intervene. Keynes says that governments should intervene in order to soften the blow of a depression/recession.
So, the correct labels for these scenerios are:
Keynes:
A small Caribbean island's economy depends on tourism. However, in recent times, it has seen much less economic activity. Its government decides to let the market correct the situation.
Hayek:
Flour prices have risen in a country where bread is a staple part of the diet. As a result, bread prices have risen tremendously. In an effort to make bread affordable for its citizens, the government has limited how much
bakers can charge for bread.
The levels of organizational culture that are described are socially coordinated efforts and greater personal satisfaction for everyone.
From the complete question, the new employees can be socialized by getting involved in the company's social activities such as summer grills, paintball rivalries, etc.
Lastly, the cultural significance of the open-book management technique is that it ensures financial transparency and ensures that employees do their jobs more effectively.
Learn more about organizational culture on:
brainly.com/question/2935389
<u>Solution and Explanation:</u>
Age of the Amount Estimated Estimated
Receivables Uncollectibles Uncollectible Amounts
1-30 days old $12,000 3% $360
31-90 days old $5,000 15% $750
more than 90
days old $3,000 30% $900
Estimated year end Balances for Uncollectible Amounts $2,010
Bad Debt Expense for the year : Estimated Uncollectible Amount - Existing Credit Balance in the Allowance Account
Bad Debt Expense : $2,010 minus $800 = 1210
If the existing balance is Debit Balance of $600.
Bad Debt Expense : $2,010 plus 600 = $2,610.
Answer:
Annual depreciation expense=$5,100
Explanation:
Using the straight line method , an equal amount is charged as depreciation for each each over the estimated useful life of the asset.
Annual depreciation = (Cost - residual value)/Estimated number of years
Cost of the machine= 37,850 + 1,950 = 39,800
Annual depreciation expense= (39,800-4,100)/7= 5,100
Annual depreciation expense=$5,100