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atroni [7]
3 years ago
6

Malcolm, an accounts clerk, is all set to make a presentation on how his team can improve their productivity by changing certain

work practices. His manager asks the employees not to be too critical of Mark's suggestions and to avoid arguing with him. The manager most likely said this because being critical ________.
Business
1 answer:
Serga [27]3 years ago
8 0

Answer and Explanation: From the following given case or scenario, we can state that the manager is most likely to said the given because he/she thought that <em>being too critical might put Malcolm on the defensive  end and thus hamper his social skills and creativity</em>. Here, in this case the manager asks the other employees not to have a critical review of Malcolm's suggestion and to avoid having an argument on his suggestion.

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Answer:

The computation is shown below:

Explanation:

The journal entries are shown below:

a. Account payable $70,000

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(Being the issuance of the note is recorded)

b. Note payable $70,000

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(Being the payment of the note at maturity date including interest is recorded)

The computation is shown below:

= $70,000 × 9% × 90 days ÷ 360 days

= $1,575

We assume 360 days in a year

Now the effects on the accounts and the financing statement for issuance of the note is shown below:

Balance sheet

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No effect = Account payable - $52,000 + No effect  No effect + no effect

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