<span>Companies especially ones with multinational operations and/or newly acquired businesses, typically have multiple cultures rather than a single culture.
When a business is multinational, they operate in different countries and in each country they operate in they are dealing with different cultures. Because of this, they have different cultures within their organization and operate according to where they are doing business. Successful companies will adapt to each culture so that the business runs like any other business would in their country.
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Answer:
A) Net income $110,000
Rodgers Winter
Salary allowance $25,000 $30,000
interest allowance $7,200 $10,800
(12% of capital)
<u>split renaming income $18,500 $18,500 </u>
net income $50,700 $59,300
B) Net income $65,000
Rodgers Winter
Salary allowance $25,000 $30,000
interest allowance $4,000 $6,000
(40% of remaining income
<u>to Rodgers and 60% to Winter) </u>
net income $29,000 $36,000
Answer: The cover letter gives you the opportunity to elaborate on your story before getting the chance to interview with the hiring manager.
Explanation: While you get the chance to exhibit your qualifications for the job and explain what makes you a good fit, an employer gets to know more about your current situation.
Answer:
a) Received a $795 deposit from a customer who wanted her piano rebuilt in February.
Account Debit Credit
Cash $795
Unearned Revenue $795
b) Rented a part of the building to a bicycle repair shop: $545 rent received for January.
Account Debit Credit
Cash $545
Rent Revenue $545
c) Delivered five rebuilt pianos to customers who paid $14,425 in cash.
Account Debit Credit
Cash $14,425
Service Revenue $14,425
d) Delivered two rebuilt pianos to customers for $7,600 charged on account.
Account Debit Credit
Accounts Receivable $7,600
Service Revenue $7,600
e) Received $6,400 from customers as payment on their accounts.
Account Debit Credit
Cash $6,400
Accounts Receivable $6,400
f) Received an electric and gas utility bill for $750 for January services to be paid in February.
Account Debit Credit
Utilities Expense $750
Utilities Payable $750
g) Ordered $1,140 in supplies.
Account Debit Credit
Supplies Expense $1,140
Supplies Payable $1,140
h) Paid $3,400 on account in January.
Account Debit Credit
Cash $3,400
Accounts Payable $3,400
i) Paid $16,900 in wages to employees in January for work done this month.
Account Debit Credit
Cash $16,900
Wage Expense $16,900
j) Received and paid cash for the supplies in (g).
Account Debit Credit
Cash $1,140
Supplies Payable $1,140
Answer:
In order:
Both, Neither, Net, Gross methods.
Explanation:
Cash would be credited for $980 on August 14.
matches
Choice, Both methods
Discounts lost would be debited for $20 on August 14.
matches
Choice, Neither method
Merchandise inventory would be debited for $980 on August 5.
matches
Choice, Net method
Merchandise inventory would be credited for $20 on August 14.
matches
Choice, Gross method
