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3 years ago

A manager may exercise reward power when determining the salary increases for her subordinates.

1 answer:

7 0

The manager can exercise the power of distributive justice.

The manager may give fair increase toward his/ her employees. There will be no basis for the salary increase since all employees will be given the same amount based on the budget set by the company.

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The following errors took place in journalizing and posting transactions:

yuradex [85]

Answer:

Journal 1

Debit : Prepaid Expense $37,600

Credit : Cash $18,800

Credit : Insurance Expense $18,800

Journal 2

Debit : Dividends $18,000

Credit : Wages $18,000

Explanation:

Journal 1

The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.

Journal 2

The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.

6 0

3 years ago

The income tax saved by using lifo instead of fifo is equal to the ________ times the income tax rate.

marshall27 [118]

C. cost of the ending inventory

3 0

3 years ago

Which of the following is a disadvantage of the corporation form of ownership?

Hoochie [10]

Answer:

Option C, Double taxation on profits and individuals

Explanation:

The disadvantages of the corporation form of ownership are as follows -

a) It takes lot of time and hence is time consuming

b) The taxation gets double

c) Also, the formalities/protocols are very tough

Hence, the option C is correct

5 0

3 years ago

Identify the landlord’s responsibilities and the renter’s responsibilities in a home rental agreement. working appliances basic

stiks02 [169]

Answer:

landlord´s responsibilities:

working appliances: repair or replace broken appliances, unless tenant is responsible because they didn't use them properly
removal of bedbugs: the owner must provide warranty of habitability, so any type of bedbugs, or other insect or animal infestation should be eliminated.

fixing locks and windows: repair or replace broken locks or windows, unless tenant is responsible because they didn't use them properly

tenant's responsibilities: (besides paying the rent)

working appliances: the tenant must operate appliances in a reasonable manner
basic housecleaning: the tenant is responsible for keeping the house clean and removing garbage
fixing locks and windows: the tenant must use them in a reasonable manner

8 0

3 years ago

Read 2 more answers

Assume the following information:Spot rate today of Swiss franc = $.60 1-year forward rate as of today for Swiss franc = $.63 Ex

Naddika [18.5K]

Answer:

12.35%

Explanation:

Data provided in the question:

Spot rate today of Swiss franc = $0.60

1-year forward rate as of today for Swiss franc = $0.63

Expected spot rate 1 year from now = $0.64

Rate on 1 year deposits denominated in Swiss francs = 7%

Rate on 1 year deposits denominated in U.S. dollars = 9%

Amount invested = $1,000,000

Now,

Amount with Swiss franc = Amount invested ÷ Spot rate today of Swiss franc

= $1,000,000 ÷ 0.60

= $1,666,666.67

After 1 year = $1,666,666.67 × ( 1 + 0.07)

= $1,783,333.33

1 year Forward value = $1,783,333.33 × 0.63

= $1123499.99

Therefore,

Yield = [ $1123499.99 - $1,000,000 ] ÷ $1,000,000

= 0.1235

= 0.1235 × 100%

= 12.35%

3 0

3 years ago