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katovenus [111]
3 years ago
6

On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi

th the contract to start immediately. King agreed to pay Taylor $4,680 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019. Taylor should recognize revenue in 2018 in the amount of ________.
Business
1 answer:
goldfiish [28.3K]3 years ago
3 0

Answer:

$780

Explanation:

Since King agreed to pay Taylor $4,680 for the one-year period which is divisible into 12 months

On the other hand Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019, Therefore the amount to be recognized in 2018 will 2 months comprising November and December.

Therefore 2018 revenue = 2 / 12 x $4,680 = $780

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Clive's manager appointed him to lead the marketing group because Clive emerged as a natural team leader in a previous assignmen
Bezzdna [24]

Answer:

The correct answer is: formal .

Explanation:

The informal leader is defined as the one who influences other members of a work group or team; In most cases, they are not recognized by the formal power structure, nor do they receive extra compensation or benefit, nor do they have formal interference to fire or hire staff. They are individuals who, without the formal title or authority, act as defenders of the organization and raise their contribution and that of others through influence, knowledge, expertise and relationship building; acting generally? Below the water? as facilitators and motivators.

Within the group they play a decisive role in its effectiveness, due to its influence on the beliefs and expectations of its members, by setting goals and feedback. In addition, the informal leader maintains a reliable reputation as a source of reliable information, since it is the same group members who give them authority.

They use their influence to shape strategies, establish basic norms and values, allocate resources, coordinate intergroup efforts and negotiate with individuals outside the group. They learn to unite different groups of people with common interests or networks, while fostering and cultivating relationships within and outside the group. Not only do they create networks, but they become catalysts for others to form new communities throughout the organization.

5 0
3 years ago
Although the rate of inflation is only 2 percent, Kayla receives a 6 percent increase in salary. She is nonetheless dissatisfied
aalyn [17]

Answer:

b. outcome fairness

Explanation:

Based on the information provided within the question it seems that Kayla is likely to contend there is a lack of outcome fairness. This term refers to the degree to which an outcome meets the standards that are met. Which is why Kayla is dissatisfied, since the salary increase should always be the same and follow a standard, which is not the case in this scenario since Bob's increase was 3% more.

4 0
3 years ago
The only relevant difference between the curves for a monopoly and the equivalent ones for a firm in a competitive market is tha
mixas84 [53]

<u>The only relevant difference between the </u><u>curves </u><u>for a </u><u>monopoly</u><u> and the equivalent ones for a firm in a competitive market is that </u><u>marginal</u><u> and </u><u>average revenue slope</u><u> downward for the </u><u>monopolist.</u>

What type of curve does a monopoly have?

  • A monopoly encounters a downward-sloping market demand curve in Panel (b).
  • It chooses its profit-maximizing output in its capacity as a profit maximizer.
  • However, after determining that quantity, it uses the demand curve to determine the price at which it can sell that output.

What is a difference between a monopoly and perfect competition ?

While in monopolistic competition, businesses produce slightly different goods, in perfect competition, businesses produce identical goods.

How does a demand curve for a monopoly differ from a demand curve for a perfectly competitive firm?

Because the monopolist is the sole company operating in the market, its demand curve is identical to the market demand curve, which is downward-sloping as opposed to the demand curve for a perfectly competitive firm.

Learn more about monopoly

brainly.com/question/5992626

#SPJ4

3 0
2 years ago
Southwest Airlines is famous for operating at low cost. They achieve low costs because they are very selective in the people the
kumpel [21]

Answer: Its competitive advantage

Explanation: Competitive advantage refers to a situation when a company has some superior position in market than other competing firms.

In the given case, Southwest airlines is operating at low cost due to their high standards in recruitment and cooperative behavior towards their employees. Thus, they are offering something that no other firm is. Hence, due to their special behavior towards their employees they are having low cost and competitive advantage in market.

6 0
3 years ago
Journalizing and posting an adjusting entry for office supplies
belka [17]

Answer:

Office Supplies T-account

<u>Debit :</u>

Beginning Balance                  $600

Purchases                              $2,300

Totals                                     $2,900

<u>Credit:</u>

Ending Balance                        $500

Used (<em>Balancing Figure</em>)       $2,400

Totals                                     $2,900

Adjusting Entry

Supplies Expenses $2,400 (debit)

Office Supplies $2,400 (credit)

Posting Entries.

1. Supplies Expense = $2,400 (Debit Balance)

2.Office Supplies = $500 (Debit Balance)

Explanation:

As the supplies are used during the period, recognize an expense : Supplies Expense and de-recognize the Office Supplies Asset account to the extend of the amount of inventory used during the period.

In other words we are taking out an expense (Increasing it) and decreasing an asset : Office Supplies.

5 0
3 years ago
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