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MrRissso [65]
3 years ago
12

What do we stand to gain from applying planning principles to supposedly routine activitiesif we believe that planning is so imp

ortant, why, knowing we do this, do we so often rush directly into doing without pausing to plan?
Business
1 answer:
Sever21 [200]3 years ago
6 0

Answer:

Different personal and cultural traits can explain why even though we know that planning our activities help a lot, we rarely do it.

Japanese society is extremely structured and they plan everything. There incredible economic success is the result of that. Once I was travelling on the same tour bus as a group of Japanese tourists, and their tour guide requested them to give him their schedules since being on vacations meant not following a plan. The tourists got all anxious and nervous because they were going to do something different, which was scary for them.

That day I started to question myself as to why I rarely plan things, and on the next days I really tried to do it, but I failed. One of the reasons I failed was that I was the only one planning what to do, no one else at work was. I felt like Cameron Diaz when she was making plans about where she should be planning on how to have fun. It was really boring, that is the reason why Japanese don't have children or even girlfriends, its easier to plan what to do with a doll.

There is something nice and good about being spontaneous, although sometimes I still feel that I need to plan a little more.

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Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin
Ierofanga [76]

Answer: $61,500

Explanation:

Jerry's adjusted basis in his partnership interest at the end of the year is determined by adding his cash contributions, long-term capital gain, and qualified dividends to the original tax basis.

There will also be deductions of the non-deductible expenses, ordinary loss and his share of the reduction in partnership debt.

Jerry's adjusted basis at the end of the year = ( 44,000 + 26,000 + 3,600 4,600) - ( 2,100 + 9,000 + 5,600)

= 78,200 - 16,700

= $61,500

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3 years ago
When a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determi
Scilla [17]

Answer:

Yes is True that when a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determine because the nondiscount takers paying earlier will reduce the accounts receivable investment, while the new customer accounts will increase this investment.

Explanation:

Accounts Receivable is any amount of money owed by customers for purchases made on credit. It is an asset account on the balance sheet since it is money due in the short run.

As a current asset, Accounts Receivable is an important aspect of a businesses' fundamental analysis used to measures a company's liquidity or ability to cover short-term obligations without additional cash flows.

Accounts receivable Investment will be reduced if the firm initiates or increases a cash discount.

6 0
3 years ago
Knowledge Check 01 Melas Company changed from the LIFO to the FIFO inventory costing method on January 1, Year 3. Inventory valu
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Answer:

An adjustment to retained earnings is necessary when when there is a change from LIFO to FIFO.

Calculating the effect on retained earnings:

- In the year 1 company followed LIFO and recorded ending inventory at $177500. Had it followed FIFO it would have recorded at $195000. So there would be increase in income of $17500 (195000 - 177500).

- In year 2 it followed LIFO and recorded opening inventory at $177500 and closing inventory at $355000 and thereby recording Net closing stock of $177500 (355000 - 177500). Had it followed FIFO it would have recorded a net stock of $195000.(390000-195000). So there would be increase in income by of $17500 (195000 - 177500).

So in total of 2 years there would be an increase of $35000 Net income i.e., Retained earnings and increase in stock value of $35000.

The journal entry is:

Inventory A/c Dr $35,000

To Retained earnings A/c $35,000

Explanation:

4 0
3 years ago
Which of the following scenarios is typically an appreciating asset?
Aleksandr [31]
I'm pretty sure it's D- All of the above
6 0
3 years ago
¿Cuáles son los tramites para que una empresa se vuelva persona jurídica?
nalin [4]

Answer: Crea una LLC o Corporación. ...

Registre su nombre comercial. ...

Solicite un número de identificación fiscal federal. ...

Determine si necesita un número de identificación fiscal estatal. ...

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Abra una cuenta bancaria comercial.

Explanation:

6 0
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