Answer:
B
Explanation:
Rather than a leader using the situational approach in order to adapt their leadership style to meet the changing needs and development level of their followers, it is often times more beneficial for a leader to choose their behaviors and leadership style based on the characteristics of their followers and the work setting (North Ouse, 2016, p.93). The path-goal theory is a contingency theory that allows leaders to choose a leadership style that will motivate their followers to reach their goals, and help them steer clear of any obstacles they may come across in the process (Pennsylvania State University, 2019).
Answer and Explanation:
The journal entries are shown below:
a. For increase in cash
Cash Dr $900 ($1,000 - $100)
To Account payable $900
(Being the increase in cash is recorded)
For recording this we debited the cash as it increased the assets and credited the account payable as it reduced the liabilities
b. For decrease in cash
Miscellaneous expense Dr $45
To cash $45
(Being the decrease in cash is recorded)
For recording this we debited the miscellaneous expense as it increased the expenses and credited the cash as it reduced the assets
Answer:
e) 118.3.
Explanation:
days' sales in inventory = (average inventory x 365 days) / cost of goods sold year 2
- cost of goods sold year 2 = $398,000
- inventory year 2 = $129,000
days' sales in inventory = ($129,000 x 365 days) / $398,000 = 118.30 days
Days' sales in inventory measures how much time it takes on average for a company to sell its inventory.
Consider a market where production of the good is creating a negative externality. In the market equilibrium, there is a dead weight loss because the: social cost is greater than the internal benefit.
Option C
Explanation:
Market balance is achieved by comparing private and internal costs, but appropriate social benefits can be achieved by comparing social and internal benefits.
Social costs are higher than confidential costs with negative externalises, and social costs are higher than internal benefits in the context of a market balance.
Social benefits include those private benefits and about external production / consumption benefits. When a good has substantial external benefits, the social benefit exceeds the private benefit.
The production illustrated shows that large size allows for economies of scale.
<h3>What is economies of scale?</h3>
It should be noted that economies of scale simply means the cost advantages that a company gets due to increase in production.
In this case, big companies can typically lower costs per unit of production. In other words, large size allows for economies of scale.
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