Answer:
$190.77
Explanation:
Given that:
Actual purchase price = $175
Sales tax = 7.75%
Total = actual price + sales tax
Total = actual sales price + (7.75% * Actual sales price)
Total = $175 + (0.0775 * $175)
Total = $188.5625
To pay with credit card at 0.039% daily interest for 30 days :
(188.5625 * 0.039% * 30) + 188.5625
2.20618125 + 188.5625
= $190.76868125
= $190.77
Answer:
The Journal entries are as follows:
(i) On October 1, 2014
Retained Earnings A/c Dr. $7,350,000,000
To Dividend Payable $7,350,000,000
(To record declaration of dividend on outstanding shares)
Workings:
Dividend Payable = Outstanding shares × Dividend per share
= 3 billion × $2.45
= $7.35 billion
(ii) On October 15, 2014
No Entry
(iii) On October 20, 2014
Dividend Payable A/c Dr. $7,350,000,000
To cash $7,350,000,000
(To record payment of dividend)
Answer:
75%
Explanation:
Assume that:
X is the probability that the Peter, qualified accountant would receive offer from the accounting firm AND
Y is the probability that the Peter, qualified accountant would receive offer from the consulting firm.
Here,
P(X) is 50%, P(Y) is 40% and P(X∪Y) is 60%
Now we want to find P(X/Y) = ?
We also know that:
P(X/Y) = P(X∩Y) <u>STEP1</u> / P(Y)
By putting values, we have:
P(X/Y) = 0.3 / 0.4 = 0.75 = 75%
<u>Step 1: Find P(X∩Y)</u>
P(X∪Y) = P(X) + P(Y) - P(X∩Y)
This implies that:
P(X∩Y) = P(X) + P(Y) - P(X∪Y)
By putting values we have:
P(X∩Y) = 0.5 + 0.4 - 0.6 = 0.3
Answer:
Explanation:
The journal entry is presented below:
Cash A/c Dr $1,800
To Accounts receivable A/c $1,800
(Being the cash is received)
Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.
Answer:
1) B) I'll be sharing some special sales tips with you tomorrow that will make your job easier.
2) B) Your goal for this month is to sell 10% more lattes, and you will receive a reward if you reach it.
3) C) Two days off with pay
Explanation:
1) The <em>E->P expectancy</em> is related to the concept of investing effort into something that you know will lead to the desired performance. It is the part of the expectancy theory that is not related to rewards.
In this example. the goal (task) is to increase sales. The E->P expectancy is the probability that Ethan's efforts will result in the desired performance (increased sales). By giving sales tips to Ethan, he will get more self-esteem and know-how and believe that his effort will in fact result in the desired outcome.
Although this is an overlooked part of the expectancy theory sometimes, it is crucial. Despite the appeal of a particular reward, an employee may not get increased motivation if he/she thinks that the task itself cannot be completed.
2) The <em>P->O expectancy</em> is related to rewards, and it states that employees will get motivated if the desired performance will result in a reward. In this case, Emma's putting the goal (10% increased sales) in direct relation with a reward.
3) Since the Motivation Report states that Ethan is motivated by time off, two days off with pay is the most appealing reward for him. The money bonus is more appropriate for Jon, while a choice of work assignments is better for Blair.
