Answer: norming
Explanation:
The third stage of a group development model is regarded to as the norming stage. The norming stage is the stage whereby members or teammates start appreciating the strengths that are possessed by each other in the team.
At this stage, there is resolution of conflicts and establishment of leadership positions. Here, everyone is happy with their roles.
Answer:
$3,017
Explanation:
Calculation to determine How much, expenses can the Spencers deduct
Airfare (one ticket) $1,300
(2,600/2)
Lodging $675
Meals $555 [($1,110/2)]
Less: 50% limit $278
$277 [$555-$278]
Registration fee ($580 − $120) $460
Car rental $305
Total $3,017
($1,300+$675+$277+$450+$305)
Therefore the expenses that Spencers can deduct will be $3,017
Answer:
$53
Explanation:
The computation of the stock sale at the end of the year is computed after calculating the required rate of return and the growth rate
The required rate of return by applying the Capital Asset Pricing model formula is
= Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 6% + 1.2 × (16% - 6%)
= 6% + 12%
= 18%
Now the growth rate is
Stock price = Dividend per share÷ (Required rate of return - growth rate)
$50 = $6 ÷ (18% - growth rate)
So, the growth rate is 6%
Now the ending stock price is
Next year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend is
= $6 + $6 × 6%
= $6 + 0.36
= $6.36
So,
= ($6.36) ÷ (18% - 6%)
= $53
Answer: B. to provide information to managers for constant improvement in cost efficiency and quality.
Explanation: Lean accounting is the collection of principles and processes that provide numerical feedback for manufacturers implementing lean manufacturing and lean inventory practices.
The purpose of Lean Accounting is to provide vital operational and financial information in a way that motivates lean transformation and improvement.
The journal entry to record the purchase the shares is that investment account will be debited with $200000 and bank account credited with $200000.
Given that on March 1, 2016, Rain Technology purchased 20,000 shares of Lightyear Services Company for $ 10 per share.
We are required to pass a journal entry for the recording of the purchase of the shares.
Journal is the book in which the transaction is recorded first time in the company. It helps in the formation of ledger as well as other books also.
The journal entry will be as under:
1) Investment A/c Dr. $200000
To Bank A/c $200000
(Purchase of shares by Rain Technology)
Hence the journal entry to record the purchase the shares is that investment account will be debited with $200000 and bank account credited with $200000.
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