Answer:
Explanation:
1. Deposits in transit. An addition to the cash balance according to the bank statement.
2. Bank service charges. A deduction from the cash balance according to the company's records (entry).
3. NSF check. A deduction from the cash balance according to the company's records (entry).
4. Outstanding checks. A deduction from the cash balance according to the bank statement.
5. Check for $690 incorrectly recorded by the company as $960. An addition to the cash balance according to the bank statement. (Entry)
6. Check for $420 incorrectly recorded by the company as $240. A deduction from the cash balance according to the company's records.(entry)
These procedures are considered <u>structural inhibitors</u>.
Lack of clarity may also avert effective crew collaboration. Without clearly described roles, timelines, and performance desires, group members do no longer recognize what is anticipated of them. They also regularly manipulate a couple of variations of the same records and reinvention of labor which can be a waste of time and effort.
Believe is one of the constructing blocks of high overall performance teams and proper collaboration. Without it, there's an absence of appreciation for one another's work and a disorder that erodes self-assurance and works in opposition to authentic collaboration.
The four approaches to Collaborating suggest, that there are four primary modes of collaboration: a closed and hierarchical community (an elite circle), an open and hierarchical community (an innovation mall), an open and flat community (an innovation network), and a closed and flat network (a consortium).
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Answer:
$390,000
Explanation:
Given the above information, we'll determine first the total variable cost.
Total variable cost = (direct materials + direct labor + variable overhead) × units produced
= ($6 + $4 + $5) × 22,000 units
= $15 × 22,000 units
= $330,000
Per unit fixed cost = Fixed cost / total units produced
= $220,000/$22,000
= $10
Fixed cost in inventory = Inventory at year end × Per unit fixed cost
= 6,000 × $10
= $60,000
Net income under absorption costing = income under variable costing + Fixed cost on inventory
= $330,000 + $60,000
= $390,000
Answer:
anchoring bias
Explanation:
In business, anchoring bias happens when a consumer relies on pre-existing information (in this case sales price) to make their purchasing decisions. E.g. a sales promotion where a before price is set as the anchor to show that the after price (with the discount) is a really good deal.
In this case, John started to negotiate a sales price using the sticker price as an anchor, and ended up making a good deal because he got a $2,000 discount.