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Margaret [11]
3 years ago
9

Bruce thought, "My manager is going to be disappointed and surprised that I am leaving the organization after 15 successful year

s. Even though our offices are 100 miles apart, we have spent a lot of time together in person, over the phone, and via electronic communications over the past few years. I will have a hard time explaining and describing my complex reasons for leaving." What do you think Bruce should do first?
A. Meet with his manager face-to-face.
B. Send a personal, handwritten letter to his manager.
C. Rely upon the office grapevine to communicate the news to his manager.
D. Phone his manager with the news.
E. Send a detailed e-mail to his manager, explaining his reasons.
Business
1 answer:
Nataliya [291]3 years ago
5 0

Answer:

A. Meet with his manager face-to-face.

Explanation:

A face-to-face meeting with the manager is probably the most prefered step to be taken first.

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On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank for the refinancing of an existing note payable sche
Scrat [10]

Answer

The note must be reported on the balance sheet as of December 31 for the total outstanding value, since the refinancing does not change the value to be paid only affects the terms and interests, also the financing will only be made in January of year 2

5 0
2 years ago
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have
tatyana61 [14]

Answer:

a.borrowers gain at the expense of lenders.

Explanation:

Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, then borrowers gain at the expense of lenders.

As inflation increases, two things happen

1. The amount of interest paid to lenders technically becomes of smaller value and lenders are loosing while borrowers are paying lesser

2. As inflation sets in, wages are increased to compensate for inflation and since the borrower already owed money before the inflation occurred, now he or she has more money in his or her paycheck to pay off the debt.

8 0
3 years ago
Prepare the adjusting entry to record bad debts under each separate assumption. Bad debts are estimated to be 1.5% of credit sal
VARVARA [1.3K]

Answer:

A. Dr Bad debts expense 85,230

Cr Allowance for Doubtful accounts 85,230

B. Dr Bad debts expense 75,870

Cr Allowance for Doubtful accounts 75,870

C.,Dr Bad debts expense 80,085

Cr Allowance for Doubtful accounts 80,085

Explanation:

Preparation of the adjusting entry to record bad debts under each separate assumption

A. Dr Bad debts expense 85,230

Cr Allowance for Doubtful accounts 85,230

(5,682,000*1.5%)

B. Dr Bad debts expense 75,870

Cr Allowance for Doubtful accounts 75,870

[(1,905,000+5,682,000)*1%]

C.Dr Bad debts expense 80,085

Cr Allowance for Doubtful accounts 80,085

[(1,270,100*5%)+16,580]

8 0
2 years ago
Steps in the Accounting Cycle Listed below, out of order, are the steps in an accounting cycle.
sasho [114]

Answer:

Steps in the Accounting Cycle

a) The order in which the steps in the accounting cycle are performed is:

3, 6, 2, 1, 4, 8, 5, 9, 7

b) The steps in the accounting cycle that occur daily are:

2, 3, & 6

Explanation:

The correct ordered steps in the account cycle are:

3. Analyze transactions from source documents.

6. Record transactions in a journal.

2. Post journal entries to general ledger accounts.

1. Prepare the unadjusted trial balance.

4. Journalize and post adjusting entries.

8. Prepare the adjusted trial balance.

5. Prepare the financial statements.

9. Journalize and post closing entries.

7. Prepare the post-closing trial balance.

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A business which spills oil that impacts land on which homes and businesses are built,but which compensate those whom it injures
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False the business must assist in clean up if homes
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