A work group norms can be defined as a standard shared by the group's members and which regulates the behavior of the members within an organization.
<h3 /><h3>What is the relevance of a company's norms and policies?</h3>
They are instruments that direct the behavior of employees, providing the set of values, attitudes and rules that must be followed in the work environment so that processes flow correctly and create an organizational culture favorable to cooperation and development.
Therefore, norms help in the standardization of organizational actions, generating the regulation and control of the behavior of the members of a company.
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Answer:
Total amount of dividends paid over the last three years is $20500
Explanation:
The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,
Ending balance = Beginning balance + Net Income - Dividends
We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500
Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.
15000 = 16000 + 19500 - Dividends
Dividends = 35500 - 15000
Dividends = $20500
Answer:
amount of Bad Debt Expense for 2019 = $92,000
Explanation:
A bad debt expense is a uncollectible receivable amount incurred on a credit sale to a customer, who is no longer able to pay the debt, due to bankruptcy or other financial problems. Companies make provision for these kind of credit losses in the allowance for doubtful accounts, and hence records the amount used from the allowance for doubtful accounts as the bad debt expense.
In our example, the allowance for doubtful account for 2019 is $92,000, hence since it was used to settle part of the credit losses, this becomes the bad debt expense.
The company's net income will grow higher if it increases by 20% and then it will just keep getting higher and higher. Hope this helped, have a great day! :D
