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4 years ago

The organization wants you to avoid situations that make you choose between its overall benefit and your ________.

Business

1 answer:

Finger [1]4 years ago

6 0

Answer:

The organization wants you to avoid situations that make you choose between its overall benefit and your personal gain.

When an employee is working for an organization, sometimes there comes a time when the employee is faced with a situation where he has to make a choice between making a decision that would lead to his personal gain or to the organizations gain.

The organization always requires him to make decisions that would benefit the organization, but when employees are not satisfied, they may trip into making decision into the path of personal gain.

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Black markets may develop as a result of price controls because: individuals can profit by illegal exchanges. price controls inc

prisoha [69]

Answer:

individuals can profit by illegal exchanges.

Explanation:

The closest correct answer is that a black market is most of the time very profitable, because prices tend to be higher than they would be without the black market, and without the price controls.

The reason why black markets emerge when price controls are imposed is because price controls do not allow prices to equilibrate supply and demand, meaning that under a price control, supply falls short of demand, causing scarcity for consumers.

This scarcity can be solved by the black market with higher prices.

7 0

3 years ago

In 2017 Wilkinson Company had net credit sales of $2250000. On January 1, 2017, Allowance for Doubtful Accounts had a credit bal

mamaluj [8]

Answer:

$114,000

Explanation:

Given that,

Net credit sales = $2,250,000

Opening allowance for Doubtful Accounts = $36,000

Uncollectible accounts receivable written off = $90,000

Firstly, we need to find the excess amount to be adjusted to allowance for Doubtful Accounts. It is calculated as follows:

= Uncollectible accounts receivable written off - Opening allowance for Doubtful Accounts

= $90,000 - $36,000

= $54,000

Allowance amount:

= 10% of the balance in receivables

= 0.1 × $600,000

= $60,000

Therefore, the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 is determined by summing up the excess amount and allowance amount.

= Excess amount to be adjusted to allowance for Doubtful Accounts + Allowance amount

= $54,000 + $60,000

= $114,000

4 0

4 years ago

A landlord collected $5000 cash from a tenant for December 2017's rent but the tenant's rent for December is $8000. Which of the

Ierofanga [76]

Answer:

The answer is A. $ 8000 would appear on the income statement as rent revenue

Explanation:

We're dealing with financial statement, therefore we need to apply accounting principles. This income relates to the December month. The fact that only $ 5000 has been received does not reduce the income allocated to this month. This means that actual income in accounting terms is still $ 8000. The $ 5000 received will go to bank. This is not prepaid rent as the rent is due and not paid in advance. If it was paid in prior months for a later month it would be considered prepaid rent. Nor will $ 8000 appear on the statement of cashflows as only $ 5000 was received. The revenue is earned in this period, whether it is paid is not relevant to the revenue being recorded for this month.

Therefore the only logical answer is A. $8000 will appear on the income statement as rent revenue earned

8 0

4 years ago

Read 2 more answers

Swifty snowboards converts regulat snowboards by adding outriggers and seats so that people who use wheel chairs can snowboard.

Sindrei [870]

Answer:

A. 563 snowboards

B. $120

C. Incremental Profit:$32,000

Explanation:

Volume to meet target profit = (Target Profit + Fixed Cost) / Contribution per unit

Calculation of Contribution per unit

Revenue $150,000

Less Variable Costs ;

Variable production costs ($60,000)

Variable selling and administration ($10,000)

Contribution $80,000

Contribution per unit = $80,000 / 500 snowboards

= $160

Volume to meet target profit = ($30,000 + $25,000 + $35,000) / $160

= 562.50 or 563 snowboards

For the Additional Snowboats,Snowbird's managers are willing to pay a price close to cost of making the regular snowboards internally.

Cost of Making :

Variable production costs ($60,000 / 500) = $120

Total Cost = $120

Therefore, Snowbird's managers are willing to pay $120

For Incremental Profit or Loss, prepare a differential analysis for the additional 200 snowboards.

Differential analysis for the additional 200 snowboards

Sales (200 snowboards × $300) $60,000

Less Incremental Production Costs ( 200 × $120) ($24,000)

Less Incremental selling and administration (200 × $20) ($4,000)

Incremental Profit $32,000

3 0

3 years ago

A business-level strategy is: a. a marketing and positioning program designed to explain a business to its customers. b. an inte

ElenaW [278]

B. an integrated and coordinated set of commitments and actions the firm uses to gain a competitive advantage by exploiting core competencies in a specific product market.

4 0

3 years ago