Answer:
a. Cash basis $15,000
b. Accrual basis $2,500
Explanation:
Under the cash basis of accounting, expenses are recorded or recognized in the books not necessarily when incurred but when cash is paid. This is not in line with the matching concept which requires that expenses be recognized the period it is incurred as well as the resulting revenue.
Hence, the $15,000 paid on January 1 would have been recognized as an expense for the two months ending February 28 using the cash basis.
Using the accrual basis, monthly expense
= $15,000/12
= $1,250
Hence advertising expense for 2 months
= 2 * $1,250
= $2,500
Tips are considered <u>taxable income.
</u>Although they are a bonus that you get from your customers, on top of your paycheck, you still have to pay a tax on your tips given that in America, tips are considered to be a type of income. You'd get a dividend from a company, not from customers. Gain is just another word for profit. <u>
</u>
- Talking too little in the first team sessions is a common error made by managers and team leaders.
- Everyone makes mistakes, but managers and leaders are more likely than others to do so. These include misinterpreting your role, providing poor feedback, being very "hands-off," and inadequate delegation.
- It is true that committing a mistake might provide an opportunity for learning. However, taking the effort to understand how to spot and avoid frequent errors will help you become successful and productive while also earning the respect of your team.
Which seven traits must leaders avoid in order to be successful?
7 Characteristics No Leader Should Possess
- The propensity for micromanagement.
- Absence of excitement or optimism.
- Opposition to novel concepts.
- Make use of fear as a motivator.
- Failure to appreciate work well done.
- They don't express their expectations in a clear manner.
- Emotional intelligence is lacking.
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Answer:
Corporate cultures can hinder individuals in making the "right" decisions.-c.
