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JulijaS [17]
3 years ago
5

Dominique, an executive chef in a large hotel, recently attended a training conference sponsored by several top professionals in

his field, where he learned numerous ways his restaurant and hotel can better serve customers. Dominique is excited that management asked him to present this information to the hotel staff so that the restaurant and hotel can make needed improvements. Dominique's hotel is a(n) _____ organization.
Business
1 answer:
gavmur [86]3 years ago
3 0

Answer:

The correct answer is letter "B": learning.

Explanation:

Learning organizations are those that share and use knowledge in such a way that all their members, without exception, can take advantage of it to face changes. Learning organizations promote constant training and the spread of information across all their layers.  

Learning organizations also look for developing employees' skills, incentivize a shared vision, foster teamwork, and generate systemic thinking to understand all the aspects of the institution.

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The following were selected from among the transactions completed by Babcock Company during November of the current year:
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Answer:

Babcock Company

Journal Entries:

Nov. 3:

Debit Inventory $63,750

Credit Accounts Payable (Moonlight Co.) $63,750

To record the purchase of merchandise, terms FOB, destination, 2/10, n/30.

Nov. 4:

Debit Cash $37,680

Credit Sales Revenue $37,680

To record the sale of merchandise for cash.

Nov. 4:

Debit Cost of Goods Sold $22,600

Credit Inventory $22,600

To record the cost of merchandise sold.

Nov. 5:

Debit Inventory $47,500

Credit Prepaid Freight-in $810

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To record the purchase of merchandise, terms, FOB shipping point, 2/10, n/30

Nov. 6:

Debit Accounts Payable (Moonlight Co.) $13,500

Credit Inventory $13,500

To record the return of merchandise.

Nov. 8:

Debit Accounts Receivable (Quinn Co.) $15,600

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To record the sale of merchandise on account, terms n/15.

Nov. 8:

Debit Cost of Goods Sold $9,400

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To record the cost of merchandise sold.

Nov. 13:

Debit Accounts Payable (Moonlight Co.) $50,250

Credit Cash Discount $1,005

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To record the payment on account.

Nov. 14:

Debit VISA account $236,000

Credit Sales Revenue $236,000

To record the sale of merchandise on VISA.

Nov. 14:

Debit Cost of Goods Sold $140,000

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To record the cost of merchandise sold.

Nov. 15:

Debit Accounts Payable (Papoose Creek Co.) $46,690

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Nov. 23:

Debit Cash $15,600

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To record the receipt of cash on account.

Nov. 24:

Debit Accounts Receivable (Rabel Co.) $56,900

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To record the sale of merchandise on account, terms 1/10, n/30.

Nov. 24:

Debit Cost of Goods Sold $34,000

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To record the cost of goods sold.

Nov. 28:

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Nov. 30:

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The above journal entries initially record the transactions of Babcock Company in November.  Here, the accounts involved in each transaction are identified, debited, and credited as the case may be.

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