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Doss [256]
4 years ago
9

During annual inventory week, a department store may ask its employees to work 12 hours a day instead of the usual 8. During tax

-preparation time, the store’s accounting department may work similar hours. Although accounting employees are in a different department from stockroom and sales employees, it’s reasonable to expect that the accounting employees wouldn’t be terribly upset by the temporary change in hours because they’ve seen it in effect elsewhere in the store. This is an example of innovative change.
(True/False)
Business
1 answer:
Butoxors [25]4 years ago
7 0

Answer:

False

Explanation:

Innovative Change is a change introduced by the management which encourages all the employees to achieve the target and goals set, with the boosted enthusiasm and the employees tend to accept such change.

An expected overtime from any department is not an acceptable change, and there is no innovation in such change.

Although if a working technique would have been introduced to reduce the time and increase the capacity of workers or accountants, that would be referred to innovative change.

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Distinguish between corporate image and reputation​
My name is Ann [436]
Corporate image is more about how a brand makes people feel, while reputation includes people’s perceptions of a company’s products, leadership, finances, social responsibility, and interactions with its costumers, employees, and community. Both corporate image and reputation can impact a company’s revenue and success.
7 0
3 years ago
Matador company purchases $1,300 of equipment from danger mouse inc. For cash the effect on the components of the basic accounti
charle [14.2K]

Danger Mouse Inc. sells $1,300 worth of equipment to Matador Company. The effect of cash on the elements of the Matador Company's fundamental accounting equation is that the total assets remain unchanged.

How much are total assets?

  • Current assets and non-current assets, often known as fixed assets, are divided up into total assets.
  • Short-term assets known as current assets are utilised to cover current liabilities.
  • Long-term assets known as fixed assets are employed by businesses to produce revenue and profits.
  • This transaction results in a $1,300 drop in the cash balance and a $1,300 rise in fixed assets, leaving the total assets unchanged.
  • The entry is as follows:

General Journal     Debit Credit

Equipment              $XX

Cash                                  $XX

To know more about total assets visit:

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4 0
2 years ago
Where can I find a bomber winter jacket In flushing
ollegr [7]
I would try Amazon or Ebay.

Is this a school question?
7 0
4 years ago
Read 2 more answers
woods company uses the perpetual inventory system. at the year end the general ledger indicated that this company had a balance
GaryK [48]

An action which this company needs to take is debit Inventory and credit Cost of Goods Sold for $1,500.

<h3>What is journal entry?</h3>

A journal entry can be defined as a process which involves keeping the records of the financial transactions of a business such as sales, salaries, inventory, etc, that are made by a business organization.

In Financial accounting, the journal entry is generally used by both bookkeepers and accountants for effective and efficient record purposes. This ultimately implies that, it is very important that a journal comprises the following information;

  • Date
  • Reference number.
  • Credit balance.
  • Transaction description.
  • Debit balance.

In this scenario, the proper journal entry to record this financial transaction consists of a debit Inventory and credit to Cost of Goods Sold for $1,500.

Read more on journal entry here: brainly.com/question/22279664

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4 0
2 years ago
A company with 110,000 authorized shares of $8 par common stock issued 49,000 shares at $13. Subsequently, the company declared
Jet001 [13]

Answer:

$29,400

Explanation:

The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.

The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400

8 0
3 years ago
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