A country's economy will go on a decline if there is a hyperinflation in the petrol prices.
<h3>What is hyperinflation?</h3>
Extreme increase in prices in a very short span of time is regarded as the condition of hyperinflation. If there is hyperinflation in the petrol prices, its demand will be lowered and people will look for substitutes.
Thus, increase or hyperinflation in the petrol prices will lead to declining of a country's economy and will not serve as a wise decision.
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Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance. <u>True</u>
Answer: The correct answer is (a) True
<u>Explanation:</u>
Success of a company highly depends upon it's workforce specially the managers.They are real assets for every concern.An organisation stands nowhere without it's managers.
It is mandatory for every concern to evaluate it's managers and reward them from time to time to enhance their involvement as well as their performance in business.Employees should be rewarded according to their value.They should be rewarded fairly for their tasks.
This system help in motivating the employees.Rewards can be in the form of bonus,salary increment,promotions and many other benefits.
Besides rewarding the employees performance should also be evaluated on regular basis.For this their actual performance should be compared with standard performance and if any discrepancy arises they should be informed and corrective measures must be taken.This will help the employees in knowing where they are lacking and it will give them a chance to improve their performance.
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Answer:
3. retained earnings.
Explanation:
When a company earns profit, taxes are deducted to find the net profit or net earnings. From these, it pays dividends at a certain dividend payout ratio; which is usually dividends/ net profit. Whatever remains is reinvested back into the company for funding potential profitable projects and other expansions and are referred to as retained earnings. This gives the retention rate which is basically (1 - payout ratio).
Answer:
Product Net monetary advantage
X (800)
Y 1,000
Explanation:
A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all costs incurred up to the split-off point are irrelevant to the decision to process further .
Product X
$
Additional sales revenue from further processing
( 47,000-25,400) 21600
Further processing cost <u> (22,400)</u>
Net monetary advantage <u> (800)</u>
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Product Y
$
Additional sales revenue from further processing
( 54,700-37,000) 17,700
Further processing cost <u> (16,700)</u>
Net monetary advantage <u> 1,000 </u>
Product Net monetary advantage
X (800)
Y 1,000
In a case whereby George corporation recognized $1,000 of accrued property taxes on its manufacturing facility. the journal entry to record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000.
<h3>What is
journal entry?</h3>
A journal entry can be described as an act of keeping which involves the making records of any transactions .
It should be noted that Transactions are listed in an accounting journal so that the company's debit as well as the credit balances of the company can be shown.
In the case, above , we will record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000, hence journal entry can encompass several recordings, in a debit or a credit.
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