Judging from their condition, the need some welfare or subsidies that should be added
For example :
- Their government should provide more infrastructure such as roads and water pipe for the people
- Since South Africa is one of the most developed country in Africa, The Government should give more incentives for those who want to start a business ( such as cheaper taxation system)
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This scenario is an example of GROUP THINKING.
Group thinking refers to the psychological phenomenon which normally occur withing a team or a group of people as a result of desire for harmony and conformity within the group. In the process of conforming to the group, irrational decisions are usually made.
Answer:
a.$15,000
Explanation:
To compute the adjusted balance in the allowance for doubtful accounts we have to find out the bad debt expense which is shown below:
= Allowance for Doubtful accounts - unadjusted balance
= $15,000 - $500
= $14,500
Now the adjusted balance would be
= Adjusted bad debt expense + unadjusted balance
= $14,500 + $500
= $15,000
Answer:
the earning per share is $1.02
Explanation:
The computation of the earning per share is shown below;
Earnings per share = (additions to retained earnings + cash dividends) ÷ (No of common stock outstanding
)
= ($637,000 + $70,000) ÷ $690,000
= $1.02
hence, the earning per share is $1.02
We apply the above formula so that the correct per share value could come
