The transaction effect on the global cleaning service's accounting equation is to increase both assets and equity by $180.
An asset is a property or an equipment that is purchased for the purpose of business activities, examples of business assets include cash, equipment, buildings and inventory to vehicles and office furniture. In this case assets worth $180 increased (may be cash or bank, depending on the means of payment) and also an increase in equity.
One popular system for defining effective goals uses the acronym SMART, which stands for: SPECIFIC, MEASURABLE, ATTAINABLE, REALISTIC AND TIMELY.
SMART is an acronym that define the characteristic of a goal that is considered an excellent one. A goal that one wants to achieve must have some features which make it possible for one to achieve the goal. The goal must be specific, that is, one must be able to define specifically what one want to achieve. The goal must be measurable, that is, you must be able to measure the progress you have made so far. The goal must be attainable, it must be realistic, something that is possible for you to achieve. The must goal must also have a life span, that is, the period during which the goal must be achieved.
Answer:
$75,485
Explanation:
The computation of the estimated inventory loss is shown below:
Goods lost = Cost of Goods available for sale - Cost of Goods Sold
where,
Cost of Goods available for sale = Inventory + Purchases
= $171,000 + 196,000
= $367,000
And,
Cost of Goods Sold is
= $481,000 ÷ 165%
= $291,515
So, the estimated inventory loss is
= $367,000 - $291,515
= $75,485
Answer: Bagley's ethical leader's decision tree
Explanation: In simple words, It refers to a framework that helps the managers of an organisation to take decisions regarding which they are uncertain and doubtful. It take into consideration all the possibilities and shortlists them on the basis of situation priorities.
In the given case, Wendy wants to determine whether they should close the facility temprarily or permanently. They are uncertain which action would be legal and correct.
Hence from the above we can conclude that they are using Bagley decision tree.
