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Anna35 [415]
3 years ago
9

An American office manager working in South Korea asks his subordinates to treat him as an equal. In South Korean culture there

is traditionally deference from subordinates. The office manager is experiencing a difference in _________.
Business
1 answer:
Dennis_Churaev [7]3 years ago
4 0

The office manager is experiencing a difference in hierarchical behavior

Explanation:

In South Korean culture there is a tradition of hierarchy. According to this tradition the bosses are treated as superior and the people working under him are treated as subordinates. According to the South Korean the subordinates should be given the order what they have to do. On the other hand the other countries have different rules, that is they do their work to live. In American culture they  can behave in any way they want to be.

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Bramble Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $59
shusha [124]

Answer and Explanation

Given:

Accounts receivable balance = $598,000

Percentage of receivables that are uncollectible = 5% or 0.05

Uncollectible receivables = 0.05 × 598,000 = $29,900

Adjusting journal entry to record bad debt expense is:

Particulars                                          Debit              Credit

Bad debts expense                            XXXXX

     Allowance for doubtful debts                               XXXXX

(Being bad debts incurred)

Noe, Allowance for doubtful debts has a credit balance of $4,800.

Bad debt incurred = 29,900 - 4,800 = $25,100

So adjusting entry :

Particulars                                          Debit              Credit

Bad debts expense                            $25,100

     Allowance for doubtful debts                             $25,100

(Being bad debts incurred)

7 0
4 years ago
Potomac Industries is a manufacturer of high-definition televisions. The industry has gone through a period of rapid growth and
scZoUnD [109]

Answer:

Option B. Implement process innovations that lower per unit costs

Explanation:

The reason is that the controlling cost will give cost advantage over the competitors and will let the company to compete at a better platform making greater number of sales and driving maximum sales which will also give economies of scale. Economies of scale is the benefits of additional costs savings that comes with the additional manufacturing of the product which means that greater the manufacturing the greater would be the savings of costs. So economies of scales give competitive advantage over the rivals so the correct option is B.

8 0
4 years ago
Read 2 more answers
Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, answer the q
ArbitrLikvidat [17]

Answer:

LaKeisha Thompson

a. At the end of four years, the total amount invested is:

= $6,000

b. At the end of four years, the total number of shares purchased is:

= 166.81

c. At the end of four years, the average cost for each share is:

= $35.97.

Explanation:

a) Data and Calculations:

Investments in Oakmark I Fund:

Year            Investment        Price      Number

                      Amount     per share    of share

Feb 2008        $1,500           $40        37.50

Feb 2009          1,500             30        50

Feb 2010           1,500             34        43.60

Feb 2011            1,500             42        35.71

Total               $6,000                        166.81

Average cost per share = $35.97 ($6,000/166.81)

7 0
3 years ago
Describe the effect of each transaction on assets, liabilities, and stockholders' equity.
Aliun [14]

Answer:

<u><em>Issued Common Stock to Investors in exchange for Cash received from investors</em></u>

Stockholders Equity = Increase

Assets = Increase

Liabilities = No Effect

<u><em>Paid Monthly Rent</em></u>

Assets = Decrease

Stockholders equity = Decrease

Liabilities = No Effect

<u><em>Received cash from customers when service is performed</em></u>

<em>Assets = Increase</em>

Stockholders Equity = Increase

Liabilities = No Effect

<u><em>Billed Customers when service is performed</em></u>

<em>Assets = Increase</em>

Liabilities = No Effect

Stockholders Equity = Increase

<em />

Explanation:

<u><em>Issued Common Stock to Investors in exchange for Cash received from investors</em></u>

Stockholders Equity increase due to increase in issue of additional common stock.

Assets increase due to inflow of asset of Cash resulting from the issue.

<u><em>Paid Monthly Rent</em></u>

Stockholders equity decrease due to increase in an expense item (Rent) which decreases profits attributable to stockholders.

Assets decrease due to outflow of economic benefits in form of cash.

<u><em>Received cash from customers when service is performed</em></u>

Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.

Assets are increasing due to inflow of economic benefits in form of cash.

<u><em>Billed Customers when service is performed</em></u>

Assets are increasing due to increase of future economic benefit in form of Accounts Receivable.

Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.

8 0
3 years ago
JV, a corporation, was formed in 2013 to design and manufacture electric cars. JV is 60 percent owned by AutoCo (a car manufactu
RoseWind [281]

Answer:

a. Is JV a variable interest entity (VIE)?

Yes, JV should be considered a variable interest entity. Basically both AutoCo and ElectricCo share JV's board, but ElectricCo didn't have the money to start a company or even be part of a joint venture. ElectricCo's equity is financed by AutoCo, so ElectricCo has basically no no equity at risk. Even the debt acquired by JV is backed by AutoCo, but AutoCo does not control JV on its own.

Basically ElectricCo's contribution is technology, and AutoCo provides everything else, but both control the company with one side (ElectricCo) not having enough money to invest but doing so through financing.

b. Which entity, if any, should consolidate JV?

AutoCo must include JV in its consolidated balance sheet since it owns 60% of the company and the products manufactured by JV are sold under AutoCo's brand.

3 0
3 years ago
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