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jeyben [28]
3 years ago
9

Adam is a​ 25-year old Millennial who is considered a​ super-star manager at a technology company. He has been asked to hire a t

eam of IT specialists to launch a new product. While reviewing the stack of​ applications, he noted only one​ candidate, Jason, who has work experience of over 20 years. Adam realizes that this candidate is probably his​ dad's age and he considers his dad​ outdated, with poor IT​ skills, and slow to learn new skills. All the other candidates cite 1 to 3 years of work experience after college. Adam decides not to interview Jason. What is the likely basis for​ Adam's decision?
Business
2 answers:
julsineya [31]3 years ago
7 0

Answer:

Stereotyping

Explanation:

Since Adam is considered a super-star manager he might suffer from over confidence and he might not actually contemplate others into what he is doing or ask for second opinions, since he is stereotyping Jason inot the category of old and not easy adaptable because that is how his dad is and he thinks that all older people are like that, that is a huge mistake on behalf of Adam, who should know that talent and abilities come in very different packages.

dmitriy555 [2]3 years ago
3 0

Answer:

The correct answer would be, Stereotyping is the likely basis for Adam's decision.

Explanation:

Adam is a young adult of age 25. He is a successful manager in a technology firm. He is asked to hire a team of IT specialists. When reviewing the stack of applications for the desired post, he notices only one candidate who has an experience of over 20 years. He realizes that this person is almost the age of his father. And because he considers his father's IT and other learning skills as slow and outdated, he applies the same thinking and concept to that person and decides not to interview that person, just on the basis of his age and his thinking about old people. His thinking that old people are slow in learning and are not aware of the new IT trends and are outdated is called as Stereotyping, which means the image of someone or something based upon some own's assumption.

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On October 14, the Patrick Company sold merchandise with an invoice price of $1,200 ($770 cost), with terms of 2/10, n/30, to th
Anna11 [10]

Answer:

Patrick Company

Journal Entries:

Oct. 14: Debit Accounts receivable (Baxter Company) $1,200

Credit Sales revenue $1,200

To record the sale of goods on account, terms of 2/10, n/30.

Oct. 14: Debit Cost of goods sold $770

Credit Inventory $770

To record the cost of goods sold.

Oct. 18: Debit Sales returns $220

Credit Accounts receivable (Baxter Company) $220

To record the return of goods (wrong size) by Baxter.

Oct. 18: Debit Inventory $170

Credit Cost of goods sold $170

To record the cost of goods returned.

Oct. 24: Debit Cash $960

Debit Cash discounts $20

Credit Accounts receivable (Baxter Company) $980

To record the receipt of check on full settlement, including discounts.

Explanation:

a) Data and Calculations:

Oct. 14: Accounts receivable (Baxter Company) $1,200 Sales revenue $1,200, terms of 2/10, n/30.

Oct. 14: Cost of goods sold $770 Inventory $770

Oct. 18: Sales returns $220 Accounts receivable (Baxter Company) $220

Oct. 18: Inventory $170 Cost of goods sold $170

Oct. 24: Cash $960 Cash discounts $20 Accounts receivable (Baxter Company) $980

7 0
2 years ago
Following are Nintendo’s revenue and expense accounts for a recent March 31 fiscal year-end (yen in millions). (Enter answers in
Gnom [1K]

Answer:

1.

Dr. Net Sales               ¥ 1,888,622

Cr. Income Summary  ¥ 1,888,622

2.

Dr. Income Summary      ¥1,770,833

Cr. Cost of sales              ¥ 1,254,981

Cr. Advertising expense ¥ 118,308

Cr. Other expense           ¥ 397,544

Explanation:

Closing Entries are passed to close the temporary accounts of a business for the year. These accounts are closed and their balances are transferred to income summary account.

First we will close the the revenue / income accounts and then expenses or cost accounts.

4 0
3 years ago
How do entrepreneurs contribute to nation economically
Finger [1]
Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.
3 0
3 years ago
Which Of the following examples below, which is not an example of scarcity?
inessss [21]

The puppy mill that was shut down is not an example of scarcity. Scarcity means "lacking" whether of time, money, or resources. The puppy mill doesn't create scarcity, in fact it created a surplus of dogs available for adoption. So the answer is B.

4 0
2 years ago
In July 1, 2018, a two-year insurance premium on equipment in the amount of $672 was paid and debited in full to Prepaid Insuran
Helen [10]

Answer:

Income tax expense is $8,250. It is recorded by debiting Income tax expense by $8,250 and crediting Income tax payable by $8,250.

Explanation:

The income tax rate is 25%. Income tax is calculated on the taxable income after all other adjustments have been made.

Note that the question gives an income figure of $33,000. This is stated as the <em>income after the preceding adjustments but before income taxes.</em> Hence, this is the amount on which we calculate the income tax expense as follows.

Income tax expense = Taxable income x Income tax rate

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The next requirement is to record the income tax expense in the journal. This income tax has not yet been paid by the company. Therefore, an income tax payable liability is created. The journal entry is as follows.

Debit: Income tax expense $8,250

Credit: Income tax payable $8,250

8 0
3 years ago
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