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Ad libitum [116K]
3 years ago
8

According to​ Zane, it was difficult for him to empower his employees and not​ micromanage; however, he realized that being resp

onsive to his​ employees' needslong dash—allowing them to work independentlylong dash—made them happier and more responsive to customers. Which managerial skill does this primarily​ illustrate?
Business
1 answer:
Nutka1998 [239]3 years ago
6 0
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Terry company had january 1 inventory of $100,000 when it adopted dollar-value lifo. during the year, purchases were $600,000 an
inna [77]

Answer:

Terry's Closing Inventory is $131,360.

Terry's Gross profit is $431,360.

We follow these steps to arrive at the answers:

<u>1. Calculate the base value of closing inventory (CI):</u>

CI_{base value} = \frac{CI*Index at base year}{current price index}

CI_{base value} = \frac{143360*100}{112} =  128,000

<u>2. Calculate additions to inventory at base price</u>

Additions to inventory = CI_{base value} - Beginning inventory

Additions to inventory = 128000 - 100000 = 28,000

<u>3. Calculate the value of additions to inventory at current prices</u>

Additions to inventory_{current Value} = Additions to inventory_{base Value} * \frac{current price index}{base price index}

Additions to inventory_{current Value} = 28,000 * \frac{112}{100} = 31,360

<u>4. Calculate the value of Closing inventory</u>

Closing inventory = Beginning Inventory + Additions to inventory_{current Value}

Closing inventory = 100,000 + 31,360 =  131,360

<u>5. Compute Cost of Goods Sold (COGS):</u>

COGS = Opening Inventory + Purchases - Closing Inventory

COGS = (100000 + 600000 - 131360) = 568640

<u>6. Compute Gross profit</u>

Gross profit = Sales - COGS

Gross profit = 1000000 - 568640 = 431360

5 0
3 years ago
In _____________ negotiation, the agreement involves no loss to either party.
Sophie [7]
<span>Integrative negotiation </span>
4 0
3 years ago
Kohler Corporation reports the following components of stockholdersâ equity on December 31, 2016:
Flauer [41]

Answer:

Explanation:

1. Jan 1

   Paid Up Capital   (6,000*15)      Dr.$     90,000

   Paid in Capital in excess of par value  Dr.$30,000

   Treasury stock (6,000*20)     Cr.$   120,000

Jan 5.   Dividend   (55,000-6,0000=49,000*2)   Dr.$98,000

            Dividend Payable                                             Cr.$98,000

Feb 28.  Dividend Payable   Dr.$98,000

               Bank                      Cr.$98,000

July 6    Bank (2,250*24)     Dr.$54,000

             Paid up capital (2,250*15)   Cr.$33,750

             Paid in capital in excess of par (2250*9) Cr.$20,250  

Aug 22   Cash (3,750*17)    Dr.$63,750

              Paid up capital (3,750*15)  Cr.$ 56,250

              Paid in capital in excess of par Cr.$7,500

Sept 5.   Dividend (49,000+2,250+3,750)*2  Dr.$110,000

              Divided Payable             Cr.$110,000

Oct 28.  Dividend Payable    Dr.$110,000

             Cash                         Cr.$110,000

Dec 31   Income Summary   Account   Dr.$428,000

             Retained Earnings                   cr.$428,000

2.Statement of retained Earnings

 Retained Earnings at beginning          $460,000

Add; Net income for the year                  $428,000

Less: Dividends paid(98,000+110,000)  ($208,000)

Retained earnings as at December 31,2017 $680,000      

3. Stockholders' Equity  Section of Balance Sheet  

Retained earnings                        $680,000

Paid Up Capital Outstanding

(825,000-90,000+33,750+56,250) $915,000

Paid in capital in excess of par

(70,000-30,000+20250+7500)      $67,750  

Total stockholders' equity            $1,662,750

   

         

4 0
3 years ago
Privately owned media companies in the united states earn most of their revenue from:.
IrinaVladis [17]

Answer:

advertising

Explanation: Mark me brainliest!!

8 0
3 years ago
Financial accounting: Multiple Choice Provides information primarily for external decision makers. Provides information primaril
Natalka [10]

Answer:

The correct answer is letter "A": Provides information primarily for external decision makers.

Explanation:

Financial Accounting is the method of gathering, recording, summarizing and publishing financial data on a company that is useful to <em>investors and creditors</em>. The ultimate goal is to accurately report a business' financial picture and results at a given point in time and over a specified period.

<em>Financial accounting output is a financial report containing different statements and explanatory notes.</em>

7 0
3 years ago
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