The demand for retail space should be examined in terms of the characteristics of the tenants demand in a given mark

Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his div

Scorpion4ik [409]

Answer: A) Leading by example

Explanation:

Leading by example means to act in a way that shows others how to act. Barry has led by example by submitting travel and expense reports that are genuine. This will inspire his employees or subodinates to do same.

Leadership is not about talking the talk, this type of leaders also walks the walk. Leaders expect others to do the right thing by leading from example.

8 0

2 years ago

You deposit $1,100 at the end of each year into an account paying 9.1 percent interest.

vlabodo [156]

Answer:

a.

The money that we will have in account is $51156.41

b.

The money that we will have in account is $318808.31

Explanation:

a.

The deposits made in the account represent an annuity pattern as the deposits made are of a constant amount, are made after equal interval of time and are for a defined time period. Thus, to calculate the value of money that we will have after 19 years, we will use the formula for the future value of annuity.

The formula for the future value of annuity is attached.

FV = 1100 * [ (1+0.091)^19 - 1 / 0.091 ]

FV = $51156.41178

b.

The same formula for the future value of annuity will be used and we will change n from 19 to 38.

FV = 1100 * [ (1+0.091)^38 - 1 / 0.091 ]

FV = $318808.3149

5 0

2 years ago

Freeman Motors, a motorcycle manufacturer, had the following contingencies. Determine the appropriate accounting treatment for

mrs_skeptik [129]

Answer:

a. Freeman estimates that it is reasonably possible but not likely that it will lose a current lawsuit. Freeman's attorneys estimate the potential loss will be $4,500,000.

Describe the situation in a note to the financial statements.

Since the event is possible but not likely, it should be disclosed in the footnotes of the financial statements.

b. Freeman received notice that it was being sued. Freeman considers this lawsuit to be frivolous.

Do not disclose.

Since this is a frivolous lawsuit, there is no need to disclose it.

c. Freeman is currently the defendant in a lawsuit. Freeman believes it is likely that it will lose the lawsuit and estimates the damages to be paid will be $75,000.

Record an expense and a liability based on estimated amounts.

Since the negative outcome is probable and you were able to quantify your losses, you must record the expense for $75,000 and include the amount as a current liability.

6 0

3 years ago

The following are selected 2017 transactions of Sean Astin Corporation.

Vadim26 [7]

Answer and Explanation:

The Journal entries are shown below:-

A. a. Purchase Dr, $50,000

To Accounts payable $50,000

(Being purchase of inventory is recorded)

b.Accounts payable Dr, $50,000

To Notes payable $50,000

(Being issuance of notes is recorded)

c.Cash Dr, $50,000

Discount on notes payable Dr, $4,000

To Notes payable $54,000

(Being amount borrowed from bank and issued notes is recorded)

B. a. Interest expenses Dr, $1,000 ($50,000 × 8% × 3 ÷ 12)

To Interest payable $1,000

(Being interest expenses is recorded)

b. Interest expenses Dr, $1,000 ($4,000 × 3 ÷ 12)

To Discount on notes payable $1,000

(Being interest expenses is recorded)

C. The Computation of interest-bearing note and the zero-interest-bearing note is shown below:-

Interest-bearing note = Note payable + Interest payable

= $50,000 + $1,000

= $51,000

Zero-interest-bearing note = Note payable - Discount

= $54,000 - ($4,000 - $1,000)

= $54,000 - $3,000

= $51,000

8 0

2 years ago

Without creating a separate business organization, Reynold starts up and assumes the financial risk of, Sole Savers, a new, pre-

dexar [7]

Answer:

C: a franchisee

Explanation:

One of the responsibilities of a franchisee is to bear risk of the franchisor.

A franchise is a business relationship where a firm goes into agreement with another firm to represent the former in another geographical region or service. The franchisor is the parent company while the franchisee is the independent agent.

5 0

2 years ago