Answer:
The separate-entity assumption
Explanation:
The separate-entity assumption is a principal in accounting according to which the financial transactions of a business and the personal expenses of the owners is to kept separate from each other. The expenses derived solely for the business is only to be counted under the expenses of the company. Inclusion of any personal expenses of the owner or any partner of the business is prohibited under this principal.
In the given excerpt, the owner of Shady Grove Company had violated the separate-entity assumption by including the expenses of his personal items under the name of the Company.
Answer: Cash $1,960
Sales returns and allowances $800
Sales discount $40
Accounts receivable $2,800
Explanation:
Sales = $2,800
Sales returns = $800
Discount rate = 2%
The final amount due will be:
= Sales- Sales returns
= $2,800 - $800
= $2,000
Sales discount = 2% × $2,000 = $40
Cash received will be:
Final amount due - Sales discount
= $2,000 - $40
= $1,960
The journal entry will be:
Debit Cash $1,960
Debit Sales returns and allowances $800
Debit Sales discount $40
Credit Accounts receivable $2,800
Answer:
Forecast and planning
Explanation:
An anticipatory model is a model under which market forecast determines the production of products by the manufacturer, and purchases by retailers also determined by forecasts and promotional plans. Since the forecasts are wrong most of the times, anticipatory model usually leads to differences in the actual production of the firms and what they initially planned to produce.
Anticipatory Model is a risky model because anticipation of future events always determines the work to do by the firm.
On the contrary, the Responsive Business Model does not depend on forecasts, but ensure that what to be done are adequately planned and information among firms in the supply chain are properly exchanged. This makes the model not to be risky and ensure doing more than what has already been planned is avoided. Therefore, the aim of the responsive model which also known as Pull Model is to eliminate reliance on forecast.
The major reason the Responsive Model has become popular in supply chain collaborations is that it allows for the customization of products on smaller orders by customers. However, the Anticipatory Model does not give customers any choice or power but to buy or not buy.
Answer:Sub-Saharan Africa and the middle East-North Africa region.
Explanation: Over the past two decades their have been lot of social unrest in the middle East, Sub-Saharan Africa and North African chiefly due to activities of Religious extremists and rebel groups, For instance, in Nigeria (which is in Africa) there have been activities of Boko haram terrorist group which have displaced a lot of people living in the affected states and causing death and injury of many. Also, Syria suffered unrest due to activities of rebellious groups. All these activities and more puts these region at a very high risk of social unrest .
Answer:
C) Wolfe can hold either Harris or the employer or both liable.
Explanation:
Since Harris was acting within the scope of his employment, then he and his employer are liable for the injuries that Wolfe suffered. Wolfe can decide to recover from either of them (generally the employer would be chosen) or from both parties, there is no legal limitation.
It doesn't matter who owns the vehicle, what matters is what was Harris doing at the time of the accident; he was performing tasks on behalf of his employer.
If Wolfe died, Harris could face criminal charges, but his employer still would be liable in a civil case.
