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frutty [35]
3 years ago
6

John gets a job with a large firm that audits small businesses. while working there, he becomes friends with dave, who invites h

im to attend a weekly poker game. the game soon becomes a meaningful part of john’s social life. some weeks the game is the only thing he has to look forward to. this is an example of:
Business
1 answer:
bixtya [17]3 years ago
7 0

This is an example that secondary-groups can lead to close personal ties of primary groups.

Not at all like first groups, secondary groups are large groups whose connections are unoriginal and objective situated. Individuals in a secondary group collaborate on a less close to home level than in an primary gathering, and their connections are for the most part impermanent as opposed to durable. But they can lead to the ties similar to the primary group as illustrated in this case.  

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Ivanhoe Co. reports net income of $78,000. Partner salary allowances are Pitts $10,000, Filbert $3,000, and Witten $5,000. Indic
xxTIMURxx [149]

Answer:

52 : 22 : 26 getting $31,200, $13,200,  and $15,600

Explanation:

In a partnership, the salaries earned by the partners are treated like salaries paid to third parties. As such, these salaries are deducted from the net income of the partnership before the sharing formula is applied to determine what each partner gets.

Total salaries paid = $10,000 + $3,000 + $5,000

= $18,000

Net profit to be shared = $78,000 - $18,000 = $60,000

Total of all ratios = 52 + 22 + 26 = 100

Division of net income to each partner is as follows;

Partner 1 = (52/100) × $60,000 =$31,200

Partner 2 = (22/100) × $60,000 =$13,200

Partner 3 = (26/100) × $60,000 =$15,600

Hence the partners share at the ratio 52 : 22 : 26 getting $31,200, $13,200,  and $15,600

7 0
3 years ago
Diego Company manufactures one product that is sold for $73 per unit in two geographic regions—the East and West regions. The fo
I am Lyosha [343]

Answer:

Net operating income= (28,000)

Explanation:

Giving the following information:

Selling price per unit= $73

Total unitary variable production cost= (24 + 16 + 2 + 3)= $45

Fixed manufacturing overhead $ 784,000

Fixed selling and administrative expense $ 672,000

<u>Under the variable costing method, the fixed manufacturing overhead is a period cost instead of a product cost.</u>

<u />

Variable costing income statement:

Sales= 73*51,000= 3,723,000

Total variable cost= 51,000*45= (2,295,000)

Contribution margin= 1,428,000

Fixed manufacturing overhead= (784,000)

Fixed selling and administrative expense= (672,000)

Net operating income= (28,000)

5 0
3 years ago
Due to certain strict environmental and employment standards in its home nation, Taurus Inc. has shifted its operations to devel
JulsSmile [24]

Answer:

The Unrighteous moralist view / Naive immoralist view.

Explanation:

According to righteous moralist view , an international company is expected to abide and comply with the ethical standards of its home nation while operating  abroad.

In a situation where Taurus run abroad to avoid compliance to environmental and employment standard in order to gain cost and competitive advantage , he has violated the righteous moralist view , hence he is an unrighteous moralist or naive immoralist.

5 0
3 years ago
Read 2 more answers
Harry Smith has just received the monthly bank statement at September 30 from City National Bank, and the statement shows an end
Elan Coil [88]

Answer:

Harry's "true" cash balance= $1726

Explanation:

Harry Smith Bank reconciliation for 30 September is recorded as follows

BANK:

Balance as at September 30...................................................$545

Add: Deposit in transit .....................................................................$1790

Total ........................................................................................$2335

Less:  outstanding checks .............................................................$609

Total adjusted bank balance ........... ...............................................$1726

BOOKS:

Balance as at September 30 ................................................................$1823

Add: EFT rent Collection ...................................................................$325

Total ..................................................................................................... $2184

Less:

Service charge ............................................................................................ $8

Printed check charges .................................................................... .............$10

NSF checks .................................................................................................. $125

Book error correction ( recorded a $310 check as $31  .............................. $279

Total ...................... ...................... ...................... ...................... ......................$422

Now Adjusted book balance = total in Add - total in less = $2184 - $422 =$1726

Harry's "true" cash balance= $1726

8 0
3 years ago
Read 2 more answers
Wellington Corp. has outstanding accounts receivable totaling $6 million as of December 31 and sales on credit during the year o
REY [17]

Answer :

Balance in allowance = $480,000

Explanation :

As per the data given in the question,

Receivable totaling = $6 million

Credit = $30 million

Now the uncollectible amount is

= $6,000,000 × 8%

= $480,000

After adjustment, the amount is

= $480,000 + $24,000

= $504,000

Now the Adjusting entry is:

Ba debts expense $504,000

       To allowance for doubtful debts $504,000

(Being the bad debt expense is recorded)

6 0
3 years ago
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