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Dmitry [639]
3 years ago
14

Last summer Rick worked at a shoe store where he was told there was a commission for selling more shoes so Rick worked really ha

rd and sold many pairs. At the end of the first month, Rick's paycheck showed very little extra money on top of his base pay. So the following month Rick decided he was not going to work as hard because the commission from sales was such a tiny part of Rick's paycheck. Rick coasted through the rest of his summer job hardly sold any shoes. What motivational theory prompted Rick to do what he did?
Business
1 answer:
Leona [35]3 years ago
3 0

Answer:

Expectancy Theory

Explanation:

Based on the information provided within the question it can be said that the motivational theory that prompted Rick to do what he did is Expectancy Theory. This is a theory that proposes that an individual is most likely to choose a specific behavior because they know and like what they expect the consequence to be for that choice. Since Rick worked hard and got less money, he now decides to work less because he knows working harder doesn't pay off.

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LO 4.7In a job order cost system, factory wage expense is debited to which account?
klio [65]

In a job order cost system, factory wage expense is debited to work in process inventory.

Explanation:

The costing of job orders is a system for assigning and accumulating production costs for a single production unit. When different produced items differ enough and each has considerable costs, the job order costing system is used.

The costs of each jobs include direct materials, direct work and production overhead in order to summarize the cost system for jobs. While the product is being produced, the process inventory includes direct materials and direct labor costs.

5 0
3 years ago
Presented below are income statements prepared on a LIFO and FIFO basis for Sunland Company, which started operations on January
DiKsa [7]

Solution :

A.                                              Kenseth Company

                                   Income Statement (for the year ended)

                                                      2017        2016

Sales                                             3000        3000

Cost of goods sold                      1100           940

Operating expenses                    1000          1000

Income before profit sharing      9000         1060

Profit sharing expense                 96              100          

Net Income                                 $ 804          $ 960

The company must report $\$ \ 100$ as profit sharing expense in 2016, even though, profit sharing of expense may be $\$ \ 106$ if FIFO had been used in the year 2016.

B. The profit sharing of expense reflects the indirect effect of the change in an accounting principle. Under the SFAS No. 154, the indirect effects from period before the change are recorded in the year of the change.

In this case, profit sharing expense recorded in the year 2007 is composed of :

$ 900 x 10%     =   $ 90 (year 2017 under the FIFO)

$ 60 x 10%   = $ 6 (difference in the profit sharing for the year 2016)

       Net        = $ 96 (profit sharing expense for the FIFO in year 2017)

C.                              Retaining earnings statement of 2017

   Retained earning, Jan 1 as reported                                 $ 8000

   Cumulative effect of the change to $FIFO$ ($960 - $900)    $ 60

  Retained earnings , Jan 1, as adjusted                               $ 8060

  Add $:$ Net income                                                                   $\$ \ 804$

 Deduct $:$  Dividends                                                                   $ 500

 Retained earnings, Dec 31                                                       $ 8364

6 0
2 years ago
Wild Flowers Express has a debt-equity ratio of .60. The pretax cost of debt is 9 percent while the unlevered cost of capital is
andre [41]

Answer:

0.1631 ; 16.31%

Explanation:

Given:

Cost of capital = 14% = 0.14

Debt to equity ratio = 60% = 0.6

Cost of debt = 9% = 0.09

Tax rate = 23% = 0.23

Cost of equity : cost of capital + debt - to - equity ratio * (1 - tax rate) * (cost of capital - cost of debt)

Cost of equity = 0.14 + 0.60 × (1 - 0.23) × (0.14 - .09)

Cost of equity :

0.14 + 0.60 * 0.77 * 0.05

0.14 + 0.0231

= 0.1631 ; 0.1631 * 100% = 16.31%

4 0
2 years ago
Q.2Tullahoma Company purchased equipment for $27,500. It depreciated the equipment over a fiveyear life by the double-declining-
melisa1 [442]

Answer:

A loss of $1400

Explanation:

The double-declining method uses twice the straight-line depreciation method rate in calculating the depreciation amount.

The asset has a useful life of 5 years. The straight-line depreciation rate = 1/5 x 100

=20%.

The double-declining rate will be 40%

The depreciation schedule for two years will be as follows.

Open. Bal Dep. rate Dep. Amount  Book value

$27,500  40%  $11,000   $16,500.00

$16,500  40%  $6,600             $9,900.00

The equipment was sold for $8,500

net gain or loss will be the selling price - book value

=$8,500 - $9,900

=- $1,400

A loss of $1400

8 0
3 years ago
Why do people establish their own business?​
blagie [28]

Answer:

financial freedom

Explanation:

the reasons people start their own business is usually because they desire financial freedom meaning they would like have more disposable resources for themselves.

8 0
2 years ago
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