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Reil [10]
3 years ago
12

Jacob is an accounting clerk whose favorite phrase is "whatever the boss wants." jacob will do whatever his boss requests, witho

ut thinking about problems that may arise. around the office, jacob is known as the ultimate yes man
Business
2 answers:
vekshin13 years ago
5 0

Jacob is an example of a conformist follower. These kind of followers are also known as the yes people. The explanation behind this is a conformist contributes enthusiastically in a relationship with the boss but doesn't use critical thinking abilities. In other words, a conformist naturally transmits out any and all orders notwithstanding of the environment of the demand. The conformist contributes willingly, but without seeing the costs of what he or she is being requested to do. A conformist is worried only with evading conflict.

Semenov [28]3 years ago
4 0
Jacob is a conformist
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6 0
2 years ago
1) Prepare an ending 2015 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold
anygoal [31]

Answer:

Ending retained earning for 2015 = $345,000

Total Assets = $645,000 

Shareholder's equity = $445,000

Total liabilities = $200,000

Explanation:

a. Income Statement for the year ended 2015

<u>Details                                                                        $       </u>

Sales                                                                      800,000

Cost of Goods Sold                                              <u>300,000</u>

Gross profit                                                           500,000

Advertising Expense                                               (1,000)

Administrative Expenses                                      (35,000)

Depreciation Expense                                          (40,000)

Rent Expense                                                         <u> (5,000) </u>

Operating income                                                 419,000

Interest Expense                                                 <u>  (24,000) </u>

Income before tax                                                395,000

Taxation (40% * $395,000)                                <u> (158,000) </u>

Net income                                                            237,000

Dividend paid                                                       <u> (137,000) </u>

Retained earning for the year                              100,000

Beginning retained earning                                <u> 245,000 </u>

Ending retained earning                                     <u> 345,000  </u>

a. Balance sheet as at the year ended 2015

<u>Details                                                $                     $         </u>

Assets:

Beginning Net Fixed Assets     600,000

Depreciation                               <u> 40,000</u>

Ending Net Fixed Assets                                     560,000

Current Assets:

Cash                                                                        20,000

Accounts Receivables                                           20,000

Inventory                                                               <u>  45,000</u>

Total Assets                                                          <u>645,000</u>

Shareholder's Fund:

Common Stock                                                     100,000

Ending retained earning                                     <u> 345,000</u>

Shareholder's equity                                            445,000

Bonds Outstanding                 160,000

Accounts Payable                    20,000

Accruals                                   <u> 20,000 </u>

Total liabilities                                                       <u>200,000</u>

Total equities and Liabilities                              <u> 645,000</u>

8 0
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