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Likurg_2 [28]
3 years ago
8

Ted was just promoted to a managerial position and feels that he needs to buy a new luxury car and join the country club in orde

r to​ "fit in" with his new colleagues at the company. this is an example of​ _______ influences.
Business
1 answer:
katrin [286]3 years ago
4 0

The behavior that is being shown by Ted above is social influences. This happens to an individual if he or she is likely to be affected by others in a way of the opinions that they share, their behavior or the emotions that display towards them.

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Following are selected transactions Danica Company for 2014:
Mamont248 [21]

Answer:

Explanation:

Answer:

On Dec 31, 2012 Lee's liability would be $9,500 (principal amount) and $38 (accrued interest)

Explanation:

Lees notes:

Dec. 13 Accepted a $9,500, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable.

First interest due = $9,500 x 8% x 45/360 = $95

On the 31st 18 days would have accrued of the 45days = 18/45 x $95 = $38

On Dec 31, 2012 Lee's liability would be $9,500 (principal amount) and $38 (accrued interest)

Debit Miranda Lee with $9,538

Credit interest on Receivables $38

Credit Account receivables account with $9,500

When the full interest became due we will pass an additional entry:

Dr. Lee with $58

Cr. Interest on receivables with $58

(Being the balance interest on receivables due )

On Jan 27 when Lee paid her interest and principal amount, we will:

Debit Account receivables with $9,500

Debit interest on receivables Account with $95

Credit Tomas account with $9,595

( being liquidation of Lee's indebtedness)

Tomas notes:

Mar 3, Accepted a $5,000, 10%, 90-day note dated March 3 in granting a time extension on the past-due account receivable of Tomas Company.

Let's recognize the full interest due first:

$5,000 x 10% x 90/360 = $125

At this time we will:

Debit Tomas with $5,125

Credit interest on receivables with $125

Credit Account Receivables account with $5,000

On June 1 when Tomas paid his interest and principal amount, we will:

Debit Accounts receivable with $5,000

Debit interest on receivables with $125

Credit Tomas account with $5,125

( being liquidation of Tomas indebtedness)

Hiroshi Cheng notes:

Accepted a $2,000, 30-day, 9% note dated March 17 in granting Hiroshi Cheng a time extension on his past-due account receivable.

Interest = $2,000 x 9% x 30/360 = $15

The entries recognizing this liability will be to :

Debit Cheng Account with $2,015

Credit interest on receivables with $15

Credit Accounts receivable with $2,000

(Being receivables payable balance and interest on balance owed by Cheng)

However Cheng failed in paying up. It was decided to write off the debt.

The entries would be:

Dr. Accounts receivables $2,000

Dr. Interest on Accounts receivables with $15

Cr. Cheng's Account with $2,015

(Being debt owed by Cheng written off)

8 0
3 years ago
Suppose that political upheaval in argentina has sparked rampant inflation. a. explain how this unexpected inflation would impac
ankoles [38]

All consumers including banks, even retirees, are directly impacted by inflation in terms of their income, savings, and spending.

How Inflation affects retirees?

  • When determining whether to boost the qualified retirement plan contribution limits or the monthly Social Security benefits, the federal government utilizes inflation as a baseline.
  • Pensions, on the other hand, may or may not increase in value with inflation, and private businesses frequently have internal guidelines for how and when to make cost-of-living adjustments.
  • The main worry for retirees is how inflation would influence their ability to spend their money on essentials like healthcare, travel, and recreation, all of which are expected to be more expensive during inflationary periods.
  • To guard against rising prices, retirees can diversify their sources of income, manage their savings, and make prudent spending decisions.

How will inflation impact banks?

Central banks, including the Federal Reserve, may raise interest rates in an effort to reduce inflation if it is rising while the economy is expanding. Consumer borrowing may slow down as a result of higher interest rates as they take out fewer loans.

Learn more about Inflation with the help of the given link:

brainly.com/question/28190771

#SPJ4

3 0
1 year ago
If you have been a victim of identity theft,what should you do after contacting the company that reported the suspicious charge
Sergeu [11.5K]
Cancel your credit cards and anything that may cause trouble like debt or charges
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3 years ago
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How does a business achieve economies of scale?
vaieri [72.5K]

Answer:

Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. Costs can be both fixed and variable. ... The larger the business, the more the cost savings.

7 0
3 years ago
Read 2 more answers
Moody Farms just paid a dividend of $3.35 on its stock. The growth rate in dividends is expected to be a constant 4 percent per
DIA [1.3K]

Answer:

$38.02

Explanation:

Please see attachment .

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