Jacob is an example of a conformist follower. These kind of
followers are also known as the yes people. The explanation behind this is a conformist contributes
enthusiastically in a relationship with the boss but doesn't use critical
thinking abilities. In other words, a conformist naturally transmits out any
and all orders notwithstanding of the environment of the demand. The conformist
contributes willingly, but without seeing the costs of what he or she is being requested
to do. A conformist is worried only with evading conflict.
Answer:
Question 1:
The correct option is "C"
Question 2:
The correct option is "D"
Explanation:
Question 1:
A firm amplifies benefit b comparing minimal income (MR) with peripheral cost (MC). A change in fixed costs like singular amount charge doesn't change MC, in this way firm delivers same yield. Be that as it may, higher fixed cost expands absolute expenses, consequently benefit diminishes.
Question 2:
Increment in factor cost will build MC and increment ATC, along these lines firm will diminish yield and benefit will fall.
Answer:
False
Explanation:
Given that,
Accounts receivable = $30,000
Factoring fee charged = 2%
Therefore,
Factory fee = 2% of Accounts receivable
= 2% × $30,000
= $600
The amount $600 has to be subtracted from the accounts receivable.
Hence, the journal entry is as follows;
Cash A/c ($30,000 - $600) Dr. $29,400
Factory fee Expense A/c Dr. $600
To Accounts Receivable $30,000
(To record the account receivable)
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