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anastassius [24]
3 years ago
8

Thompson Design, a popular furniture manufacturer, provides employee support through various workshops on interior design techni

ques. It also offers three-month courses on various aspects of decorating a home, from suitable paint for a media room to contemporary outdoor furnishings. This adds to employees' existing knowledge and skill sets, helping create customer satisfaction. In this scenario, which of the following approaches to employee development is Thompson Design taking?
Business
1 answer:
Doss [256]3 years ago
7 0

Formal Education. This approach to employee development is super important in today's society. Formal development helps both employer and employee to align organizational strategy with customer needs. Managers who invest in employee knowledge are using a strategy that will assist in organizational success. When the employee has essential and complete information about the field in which he / she operates, consequently, it positively affects the customer's view, service, professional qualification and service personalization.

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Record the January 31, 2019 adjusting entry for the December 31, 2018 receipt of $3,000 from race participants for providing ser
MAXImum [283]

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Debit Unearned revenue   $1,000

Credit Service revenue       $1,000

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When cash is received in advance for service yet to be provided, an asset and a corresponding liabilities are created.

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= $1,000

Since One race is held on January 31, 2019, entries required

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Credit Service revenue       $1,000

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4 0
3 years ago
Pharoah Corporation had the following activities in 2020. 1. Payment of accounts payable $843,000 4. Collection of note receivab
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Answer:

The amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows is $344,000.

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Pharoah Corporation

Statement of cash flows (extract)

Proceeds from common stock                $256,000

Proceed from bond payable                    $466,000

Dividend paid                                           ($333,000)

Purchase of treasury stock                        ($45,000)

Net cash flows from financing activities    $344,000

Note that the payment of accounts payable and collection of notes receivable only affect the operating activities section of the cash flows.

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2 years ago
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