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weqwewe [10]
3 years ago
11

Bob is a manager at dow corning who has lost five of his employees during the last year. now he has to make a decision about how

to retain the employees on his team. having recently taken a class on decision making, bob decides to follow the six-step process for deciding what to do. what problem is bob most likely to face during the development of alternatives step in the decision-making process?
Business
1 answer:
Korolek [52]3 years ago
8 0
I believe that the problems Bob is going Face is...he will struggle with Ideas and he will have many Diclamers along the way
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In 2021, CPS Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 20
Anon25 [30]

Answer:

The journal entry would be as follows:

December 31, 2020         Debit                     Credit

Retained Earnings          $9,400,000

                         Inventory                            $9,400,000

Explanation:

In order to prepare the journal entry to record the adjustment, we would have to calculate the amount of inventory with the following formula:

Amount of inventory=December 31, 2020, CPS’s inventories (FIFO)-31, 2020, CPS’s inventories (Average Cost)

                                =$38 million-$28.6 million

                                =$9.4 millions

Therefore, the journal entry would be as follows:

December 31, 2020         Debit                     Credit

Retained Earnings          $9,400,000

                         Inventory                            $9,400,000

7 0
3 years ago
ASC 480-10 provides guidance on determining whether (1) certain financial instruments with both debt-like and equity-like charac
Aliun [14]

Answer:

. Redeemable shares.

• Redeemable noncontrolling interests.

• Forward contracts to repurchase own shares.

• Forward contracts to sell redeemable shares.

• Written put options on own stock.

• Warrants (and written call options) on redeemable equity shares.

• Warrants on shares with deemed liquidation provisions.

• Puttable warrants on own stock.

• Equity collars.

• Share-settled debt (this term is used to describe a share-settled obligation that  is not in the legal form of debt but has the same economic payoff profile as debt).

• Preferred shares that are mandatorily convertible into a variable number of common shares.

• Unsettled treasury stock transactions.

• Accelerated share repurchase programs.

• Hybrid equity units.

Explanation:

ASC 480-10 is used when an issuer, in the declaration of its financial position, has to categorize some financial instruments that share the characteristics of liabilities and equities. The issuer always classifies legal-form debt as liability and this makes it not applicable under the ASC 480-10.

Under the ASC 480-10, three types of financial instruments are meant to be classified and they include;

1. Mandatorily redeemable financial instruments

2. Obligations to repurchase the entity’s equity shares by transferring assets, and

3.Certain obligations to issue a variable number of equity shares

6 0
3 years ago
Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different compan
denpristay [2]

If Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different companies, her investments are best described as a PORTFOLIO

A range of investments owned by an individual is termed a portfolio.

For instance, when an individual owns different stocks, bonds, and businesses in diverse companies, such an individual is known to have a portfolio.

Portfolios are important for long-term financial goals even though the returns on such portfolios are not immediate.

According to the question, if Buchi owns several financial instruments: stocks issued by seven different companies, plus bonds issued by four different companies, her investments are best described as a PORTFOLIO

Learn more here: brainly.com/question/24598517

7 0
2 years ago
Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby
geniusboy [140]

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700  

   Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

8 0
2 years ago
Diehl Cleaners has the following balance sheet items. Classify each item as an asset, liability, or owner’s equity. Accounts pay
Strike441 [17]

Answer:

Assets : Cash, Accounts receivable, Equipment

Liabilities : Salaries and wages payable,  Accounts payable,  Notes payable

Owners Equity : Owner’s capital

Explanation:

Assets are valuable things owned by a business, to which firm's present or future monetary economic benefit can be entitled.

Cash , Account receivables (from debtors who owe money to us) , Equipments are all beneficial ownerships and hence are Assets.

Liabilities are financial burden of the business, the amount business owes to others.

Salaries and wages payable, Accounts payable (from creditors to whom we owe money), Notes payable are all financial obligations to be fulfilled by business - so are liabilities of business.

Owners Equity are the assets of business which have been bought in by the Entrepreneur as 'Capital' in the firm.

4 0
3 years ago
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