Answer:
$153,000
Explanation:
With regards to the above, ending balance of equity
= Beginning equity + Sales during the year - Expenses(including taxes) during the year - dividends + proceeds from the issuance of stock
= $76,000 + $617,000 - $561,000 - $14,000 + $35,000
= $153,000
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Answer:
Organizational inertia
Explanation:
This phenomenon occurs when an organization which has the ability or capacity to progress, improve and outperform is not doing so, but instead remains in in current status.
In other words, it is an organization that is resistant to change. In this example, we noticed that Ross the newly appointed CEO recognized a competitive advantage the company could develop, but many lower-level managers from numerous departments pushed back or resisted his recommendation for a change.
The direct write-off method violates the <u>matching principal</u>, which says that revenues and expenses are recorded in period that they occur (not necessarily when they are collected/written off).
Answer:
B. Discretion
Explanation:
The policy preventing Nathan from implementing his idea shows low level of discretion. Discretion gives an individual the right or latitude to do or not to do a particular thing. When there's low degree of discretion, the individuals "hands are tied" in a matter of speaking as they not not given much latitude to do what they want. Discretion gives individuals the powers to act on their own judgement, taking actions and implementing them.