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sweet-ann [11.9K]
3 years ago
9

Allison is new to the Onyx Organization. She asks her supervisor why accounting procedures are not modified to reflect more mode

rn practices. Her supervisor says, "That is the way we do things around here". The supervisor’s comment is an example of _________.
Business
1 answer:
goldenfox [79]3 years ago
8 0

Answer:

Organizational Culture.

Explanation:

This explained as shared assumptions, value or belief and also working ethics of the said organization.

Organizational culture includes an organization’s expectations, experiences, philosophy, as well as the values that guide member behavior, and is expressed in member self image, inner workings, interactions with the outside world, and future expectations. Culture is based on shared attitudes, beliefs, customs, and written and unwritten rules that have been developed over time and are considered valid.

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Exercise 6-9 Whispering Winds Corp. uses the lower-of-cost-or-market basis for its inventory. The following data are available a
ehidna [41]

Answer:

Minolta: 5 at $ 163 = $   815

Canon:  7 at  $ 133 = $   931

Vivitar   11 at  $ 112 = $ 1,232

Kodak  10 at  $ 121 = $ <u> 1,210  </u>

Total Inventory:         $   4,188

Explanation:

We must value the inventory at the lower value between the historic cost and the market value of the assets. This is done to follow the conservatism principles of accounting.

Minolta: 5 at $ 163 = $   815

Canon:  7 at  $ 133 = $   931

Vivitar   11 at  $ 112 = $ 1,232

Kodak  10 at  $ 121 = $ <u> 1,210  </u>

Total Inventory:         $   4,188

6 0
3 years ago
Mary's Music Store reported net income of $149,000. Beginning balances in Accounts Receivable and Accounts Payable were $28,500
elena55 [62]

Answer:

$138,700

Explanation:

Calculation to determine what Mary's cash flows from operating activities would be:

Net income $149,000

Less increase in A/R (3,000)

($28,500 - $31,500)

Less decrease in A/P (7300)

($21,500-$14,200)

Cash flows from operating activities $138,700

Therefore Assuming that all relevant information has been presented, Mary's cash flows from operating activities would be:$138,700

7 0
3 years ago
a. You wish to have $1,500,000 by the age of 60 (30 years from now). If you can earn 8% interest on your investments, how much d
lakkis [162]

Answer:

A) We need to save $1,005 per month in order to have 1,500,000 in 30 years.

B) We will be able to borrow 158,579

C) We will have 2,259,361 in 35 years

D) The equivalent amount of money is 12,585

Explanation:

A) We are given a future value that we need to have in 30 years. So our future value is 1,500,000. Our present value is 0, our interest rate is 8/12=0.667. We divide 8 by 12 because we need to save money per month. The number of compounding periods are (30*12)=360. We multiply by 12 because monthly payments. Now we will enter this information in a financial calculator to find future value.

Pv= 0

FV = 1,500,000

I=0.66

N=360

Compute PMT= 1,005

B) PMT= 900

   I=5.5/12=0.458

   N= 30*12=360

   FV=0

Compute PV

PV=158,579

C) PV= 100,000

    PMT= 300

     N= 35*12= 420

     I=8/12=0.66

Compute FV=2,259,361

D) We need to know how much money will we need 30 years from now if we want to buy goods and services which are worth 6,000 today considering an inflation rate of 2.5%

We will multiply 6000 by (1+Inflation)^number of years

6000*(1.025)^30

=12,585

4 0
3 years ago
What are the different types of contract? The different types of contract are express contract, ______ contract, unilateral cont
ladessa [460]
Implied is another type of contract.

I hope this help
7 0
4 years ago
Read 2 more answers
During the Christmas season, people tend to draw money out of their checking accounts to pay for presents. As a result, the mone
Step2247 [10]

Answer: decrease

Explanation:

The money multiplier is the amount of money generated by banks with each dollar of reserves. The reserves is the amount of deposits which the Federal Reserve wants banks not to lend but rather hold. The money multiplier is therefore the ratio of deposits to the reserves in the banking system.

The money multiplier shows the ratio of the increase or decrease in money supply in relation to the increase or decrease in deposits. During the Christmas period, people draw lots of money out of their accounts to buy presents and other things. This will lead to a decrease in the money multiplier.

7 0
4 years ago
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