Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a <u>country club manager.</u>
<h3>What is a country club manager's style?</h3>
A country club manager's leadership depicts a manager who scores low on productivity but high on concern for people.
Country club managers are attentive to the:
- Security
- Well-being
- Harmony of subordinates.
Thus, Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a <u>country club manager.</u>
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Answer:
Bad debt expense A/c Dr $4,900
To Allowance for doubtful debts $4,900
(Being bad debt expense is recorded)
Explanation:
The journal entry is shown below;
Bad debt expense A/c Dr $4,900
To Allowance for doubtful debts $4,900
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= Net Credit sales × estimated percentage given - credit balance of allowance for doubtful debts
= $920,000 × 0.6% - $620
= $5,520 - $620
= $4,900
Answer:
C) lack of venture capital for innovative products.
Explanation:
Embryonic industries are such industries that are at the beginning stage in their life-cycle. More specifically, newly established ventures are called the embryonic industry or firm.
Options A, B, D, and E all are wrong because a new firm may not produce high qualified first products. It may not have the right complementary products, the production cost may be higher than expected, and finally, there are a few distribution points. Those lead to the slow growth of the embryonic industry.
Option C is the answer because venture capitalists like to invest in innovative products, so there should not be a lack of capital.
The ending balance of the retained earnings account appears both in the statement of stockholders’ equity and the balance sheet.
<h3>Where does retained earnings appear?</h3>
Retained earnings is the profit left after dividends have been paid. It is the profit that is not paid out to shareholders as dividends.
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a point in time. The retained earnings appears in the equity section of the balance sheet.
The statement of stockholders’ equity records the owners equity and changes to the owners equity during a financial year.
The income statement records a company's income and expenses in a financial year. It is used for determining if a firm is operating at a profit or a loss.
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