PLEASE HELP ME!!

Which of the following is not true about commission-only compensation plans for sales persons? Sales personnel are only compensa

jolli1 [7]

Answer:

It is the first one you typed

4 0

3 years ago

Classify each item as an asset, liability, common stock, revenue, or expense.

kari74 [83]

Answer: The answer is as follows:

Explanation:

Each item is classified as follows:

(a) Issuance of ownership shares - Common Stock

(b) Land purchased - Assets

(c) Amounts owed to suppliers - Liabilities (Accounts Payable)

(d) Bonds payable - Liabilities

(e) Amount earned from selling a product - Revenue

(f) Cost of advertising - Expense

6 0

4 years ago

What would be the net present value of a microwave oven that costs $167 and will save you $76 a year in time and food away from

Luda [366]

Answer:

NPV of the microwave: 162.04

Explanation:

we will calcualte the present value of the microwave cost savings of 76 dollars per year using the annuity formula:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 76 dollars

time 5 years

rate 0.05

$76 \times \frac{1-(1+0.05)^{-5} }{0.05} = PV\\$

PV $329.0402

The net present value will be the present value less investment

329.04 - 167 = 162.04

4 0

3 years ago

A values-based ethics culture _____. a. excludes Upper Management Board, but relies solely on the Board of Directors to add to g

LuckyWell [14K]

Answer: E. relies upon an explicit mission statement that defines the core values of the firm.

Explanation: The focus of the Value-Based Ethical Culture is on values such as trust, transparency, and respect. the idea that people learn ethical or unethical behavior while interacting with others who are part of their role-sets or belong to other intimate personal groups.

Value-Based Ethics Culture. Approach to Ethical Corporate Culture that relies upon an explicit mission statement that defines the core values of the firm and how customers and employees should be treated.

5 0

4 years ago

Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $360,000 and credit sa

VARVARA [1.3K]

Answer:

Account titles and explanation Debit Credit

bad debt expense $16,800

allowance for d doubtful account $16,800

Explanation:

Aging of accounts =5% of accounts receivable

Which is 360,000 x 5% = 18,000 expected allowance

current balance before adjustment =1,200 credit

Adjustment = 18,000 - 1,200 = 16,800

Adjusting entry BY Tanning Company

Account titles and explanation Debit Credit

bad debt expense $16,800

allowance for d doubtful account $16,800

3 0

3 years ago