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3 years ago

The Retreat (Scenario)

Business

1 answer:

Genrish500 [490]3 years ago

5 0

Answer:

d. adjourning

Explanation:

A group's disbanding is called the adjourning phase. The adjournment stage, created by Bruce Tuckman in 1977, is the fifth and final phase of group creation that takes place whenever a team concludes its work and then dissolves.

At around this point, it is crucial that team members get sufficient resolution and appreciation for the work they've done.

Remember that not all groups are going through a period of adjournment. If the team remains together for future projects, the adjournment stage of group growth would not go through.

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Stylon Co., a women’s clothing store, purchased $70,300 of merchandise from a supplier on account, terms FOB destination, 2/10,

Mice21 [21]

Answer:

a. Dr Inventory 68,894

Cr Accounts Payable 68,894

b.Dr Accounts Payable 8,820

Cr Inventory 8,820

c. Dr Accounts payable 60,074

Cr cash 60,074

d1. Dr Inventory 1,201

Cr Accounts payable 1,201

d2. Dr Accounts payable 58,872

Cr Cash 58,872

Explanation:

Preparation of Journal entries

a. The purchase Journal entry

Dr Inventory 68,894

Cr Accounts Payable 68,894

[70,300(1-.02)]

[To record inventory net of discount if payment made within discount period amounting to 2% recorded]

b.The merchandise return Journal entry

Dr Accounts Payable 8,820

Cr Inventory 8,820

[9,000(1-.02)]

c. Journal entry to record the Payment within the discount period of 10 days

Dr Accounts payable 60,074

Cr cash 60,074

(68,894-8,820 = 60,074)

[To record payment to accounts payable due made within discount period]

d. Journal entry to record the payment that was made beyond the discount period of 10 days.

d1. Dr Inventory 1,201

Cr Accounts payable 1,201

[To record discount forfeited ]

d2. Dr Accounts payable 58,872

Cr Cash 58,872

Calculation for Net amount due for payment =68,894-8,820 = 60,074)

Gross amount = 60,074/(1-.02) = 58,872

Calculation for Discount forfeited

Discount forfeited= Gross amount *discount %

Discount forfeited= 60,074 *2%

Discount forfeited = 1,201

6 0

3 years ago

An accountant increases the price he charges for his services by 66 percent. In response, the demand for his services decreases

Rama09 [41]

Answer:

Decrease

Explanation:

The accountant's revenue will decrease because the demand for his services has fallen by 1,818%, while the price he charges has only gone up by 66%.

The rise in prices will not be enough to cover the losses for such a deep fall in demand.

For example, suppose that before, the accountat used to complete 200 services a month for $100 per year, his total revenue is = 200 x $100 = $20,000.

Now, he will charge 68% more, the new service fee is $168, but demand for his services will now be a negative 3436 (200 x 1,818% = 3636), so his revenue will be 0, or even, negative (he could get into debt to afford his expenses).

7 0

3 years ago

For risk events outside project control, resolution strategies include working with clients to prioritize cost, schedule, scope

Murrr4er [49]

Answer: False

Explanation:

The statement given in the question is false.

The correct statement is given as, "For risk episodes moderately within project horizon, resolution planning and strategies include working with clients to re-prioritize cost, itinerary, opportunity or quality and therefore precisely heightens problems."

5 0

4 years ago

Weston's uses stralght-line depreclation to zero over a project's life. A new project has a fixed asset cost of $2,687,300 and p

nexus9112 [7]

Answer:

D) 15.76 percent

Explanation:

First, sum up the expected cash inflows;

= (95,000 + 162,000 + 286,000 + 304,000)

= 847,000

Next, find average cash inflows by dividing 847,000 by 4 years;

= 847,000/4

= 211,750

Initial amount invested = 2,687,300

Find the average amount by dividing 2,687,300 by 2

= 2,687,300/2

= 1,343,650

To find average accounting return, divide 211,750 by 1,343,650;

= 211,750 / 1,343,650

= 0.15759

As a percentage, it becomes 15.76%

4 0

4 years ago

In a two-stage activity-based costing model, stage one involves Select one: A. assigning direct costs to cost objects. B. assign

LekaFEV [45]

Answer:

The correct answer is letter "B": assigning indirect resource costs to activity pools.

Explanation:

Activity-based costing or ABC is a managerial accounting method that assigns indirect costs to the products which incur the bulk of those costs. In the manufacturing sector, ABC is mainly used to help measure the true cost of output per unit.

The two-step ABC approach involves assigning indirect costs of support departments -e.g., maintenance, quality control- to pools of production departments in the first step. In the second step, activity costs are combined with the indirect costs and overhead rates are added.

5 0

3 years ago