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Aleksandr-060686 [28]
3 years ago
14

Pascal is a customer-service representative who handles phone inquiries. He has a goal of handling 12 calls per hour. When he ge

ts a customer with a complex situation, he tends to become short with that person to keep the call short. This is an example of _________.A. Ill-conceived goals
B. Motivated blindness
C. Indirect blindness
D. The slippery slope
E. Overvaluing outcomes
Business
2 answers:
Montano1993 [528]3 years ago
7 0

Answer:

A. Ill-conceived goals

Explanation:

Ill-conceived goals refers to setting of goals or incentives in order to promote a desired behavior whereas indirectly encouraging a negative one.

When setting ill-conceived goals, the unintended effects of these goals should duly be taken into consideration.

Blababa [14]3 years ago
6 0

Answer:

A. Ill-conceived goals

Explanation:

Ill-conceived goals refers to the unethical behavior of setting goals or incentive in an attempt to promote a desirable outcome or behavior, while a negative or undesirable behavior is encouraged. It is like, “robbing Peter to pay Paul”.

The case of Pascal can be said to be an example of ill-conceived goals. Pascal sets a go of handling 12 calls per hour, which seem to serve as a good motivator of being productive, however, to meet his goal, he is also encouraging the undesirable behavior of not attending to customers with complex issues as he ought to have handled them.

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Classifying events as asset source, use, or exchange Vera Company experienced the following events during its first year of oper
pav-90 [236]

Answer:

Vera Company

1. Acquired $16,000 cash from the issue of common stock. [ Exchange; Cash balance increases while Owners Equity also increases. The net effect is zero ]

2. Paid $3,500 cash for salary expenses [ Asset Use; because we deplete Cash as an asset to pay for an expense item]

3. Borrowed $10,000 cash from New South Bank. [ Exchange. We got cash (an asset) but created a liability through bank loan, net effect is zero]

4. Paid $6,000 cash to purchase land. [ Exchange; depleted Cash (an Asset) to obtain another Asset (Land) net effect is zero]

5. Provided boarding services for $10,500 cash. [ Asset Source; income is driving up our cash balance (an Asset)]

6. Acquired an additional $1,000 cash from the issue of common stock. [ Exchange; Cash balance increases while Owners Equity also increases. The net effect is zero ]

7. Paid $2,400 cash for utilities expense. [ Asset Use; because we deplete Cash as an asset to pay for an expense item]

8. Paid a $1,500 cash dividend to the stockholders. [ Asset Use; because we deplete Cash as an asset to pay for dividend to shareholders]

9. Provided additional services for $6,000 cash. [ Asset Source; income is driving up our cash balance (an Asset)]

10. Purchased additional land for $2,500 cash. [ Exchange; depleted Cash (an Asset) to obtain another Asset (Land) net effect is zero]

11. The market value of the land was determined to be $24,000 at the end of the accounting period. :[ Asset Source; improvement in fair valuation of Asset]

8 0
3 years ago
On July 1, year 2, Metaro Corporation purchased for $108,000, 2,000 shares of Jean Corporation’s newly issued 6% cumulative $20
Verizon [17]

Answer:$1,800

Explanation:

The first step is to calculate the amount of purchase price allocated to the stock and to the warrants. This allocation is made on the basis of the ratios of the relative fair market values of the stock and warrants over the total fair market value of stock and warrants. The combined fair market value is $60 ($50 stock + $10 warrants). The allocation is Warrants:$10/$60 × $108,000 = $18,000 Stock: $50/$60 × $108,000 = $90,000 The final step is to compute the gain or loss on the sale of warrants by comparing the purchase price allocated to the warrants with the selling price of the warrants. The selling price was $19,800 and the allocation of purchase price was $18,000; therefore, the gain on the sale of warrants was $1,800

7 0
3 years ago
Read 2 more answers
Please prepare the multi-step income statement, the statement of stockholders' equity and the classified balance sheet.
goldenfox [79]

Answer:

Operating Income = $53,000

Net Income = $39,000

Ending balance of common stock = $300,000

Ending balance of retained earnings = $95,000

Ending total stockholders' equity = $395,000

Total current assets = $198,000

Net long-term assets = $265,000

Total long-term assets = $285,000

Total assets = $463,000

Total liabilities = 68,000

Explanation:

a. Multi-step Income Statement

Multi-step Income Statement put each revenues and expenditures items into different categories to show gross profit and net income. This can be prepared as follows:

Multi-step Income Statement

For the year ended

<u>Details                                                        $        </u>

Sales Revenue                                     545,000

Sales Discount                                   <u>  (45,000)  </u>

Net Sales Revenue                             500,000  

Cost of Goods Sold                          <u>  (400,000) </u>

Gross profit                                          100,000

Operating expenses:

Rent Expense                                       (12,000)

Depreciation Expense                         (10,000)

Salaries Expenses                             <u>   (25,000)  </u>

Operating Income                                53,000

Non-operating expenses:

Interest Expense                                 <u>  (6,000) </u>

Income before tax                                 47,000

Income Tax Expense                          <u>   (8,000) </u>

Net income                                            39,000

Dividend paid                                      <u>  (4,000)  </u>

Retained earning for the year          <u>   35,000 </u>

b. Changes in Retained Earnings

<u>Details                                                          $           </u>

Beginning retained earnings                60,000

Retained earning for the year            <u>   35,000 </u>

Ending retained earnings                  <u>  95,000 </u>

c. Movement in Common Stock                

<u>Details                                                                  $           </u>

Beginning balance of common stock         250,000

Additional shares issued                            <u>    50,000 </u>

Ending balance of common stock          <u>   300,000 </u>

c. Statement of stockholders' equity

<u>Details                                                                  $           </u>

Beginning balance of common stock         250,000

Additional shares issued                            <u>    50,000 </u>

Ending balance of common stock               300,000

Ending retained earnings                           <u>    95,000  </u>

Ending total stockholders' equity            <u>  395,000  </u>

d. Classified Balance Sheet

Classified balance sheet shows each of the componets of assets, liabilities and equity. This can be prepared as follows:

Classified Balance Sheet

As at the year ended

<u>Details                                                      $                     $           </u>

<u>Long-Term Assets</u>

Buildings                                           65,000

Equipment                                   <u>   220,000  </u>

Total Long-Term Assets                285,000

Accumulated Depreciation      <u>       20,000 </u>

Net Long-Term Assets                                                265,000

<u>Current Assets</u>

Cash                                                  12,000

Accounts Receivable                     150,000

Supplies                                        <u>   36,000 </u>

Total Current Assets                                                 <u>   198,000 </u>

Total Assets                                                              <u>    463,000 </u>

<u>Financed by:</u>

Ending total stockholders' equity                               395,000

<u>Current Liability</u>

Accounts Payable                           28,000

<u>Long-Term Liability</u>

Notes Payable (Due in 2years)     <u>  40,000</u>

Total Liabilities                                                           <u>    68,000  </u>

Total Equity $ Liabilities                                          <u>   463,000  </u>

Conclusion

As both the Total Assets and Total Equity and Liabilities are each equal to $463,000, it implies the financial statement is accurately prepared since both must always be equal.

7 0
3 years ago
Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion? A. real GDP = $5.0 trillion an
timama [110]

Answer: C. real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion

Explanation:

Unplanned Inventory arises when Real GDP is larger than Planned Expenditure because it must satisfy the below formula,

Real GDP = Planned + Unplanned expenditure

For Option C,

Real GDP = 6.0 trillion,

Planned expenditure = 4.0 trillion

Unplanned Expenditure = Real GDP - Planned Expenditure

= $6.0 trillion - $4.0 trillion

= $2.0 trillion

Therefore Option C is correct as it led to a $2.0 trillion increase in Expenditure which translates to inventory.

5 0
3 years ago
Which of the following is needed to apply for a checking account? A. Report card B. PIN number C. Photo ID D. Birth certificate
ivann1987 [24]

photo identification

Explanation:

5 0
3 years ago
Read 2 more answers
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