Record journal entries for the following transactions of Furniture Warehouse.

The sales team at Rue and West Bros., a logistic company, has successfully met its target for profits specified last year. Upon

Vinil7 [7]

Answer:

The sales team will move to the Transforming stage of group development

Explanation:

Bruce Tuckman developed 5 stages of group development.

1) Forming Stage - In this stage the team required high degree of guidance from the manager also the role are unclear in this stage and processes are also not well established.

2) Storming Stage - In this stage the group starts understanding how team decisions are made and purposes in this stage are very clear but the team relationship need to be bonded yet.

3) Norming Stage - In this stage teams relationships starts to bond and understood by the group all members are committed to the team goals and starts trying to achieve it as a team.

4) Performing Stage - In this stage Teams are committed to perform well and the focuses are bends towards the strategies that are made by team to achieve goal and bound with little oversight.

5) Adjourning/ Transforming Stage- In this basically after achieving the goals/target team starts breaking up is known as Adjourning stage and the stage at which after achieving the goal the teams move forward to achieve goal and set new targets is known as Transforming stage.

4 0

3 years ago

There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers

LenaWriter [7]

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

4 0

3 years ago

Regional economic group is defined as ________.

musickatia [10]

The answer is Regional economic integration

8 0

2 years ago

The Deer Valley Farm (DVF) produces a natural organic fertilizer, which it sells mostly to gardeners and homeowners. The annual

Marizza181 [45]

Answer:

The Deer Valley Farm (DVF)

a. Optimum load size = 7,625 containers

Maximum fertilizer level at the farm = 5,500 containers

Total minimum cost = $189,110,200

b. No. Total inventory costs will increase.

Explanation:

a) Data and Calculations:

Annual demand for fertilizer = 220,000 pounds

Annual production units = 305,000 pounds

Inventory = 85,000 pounds

Cost to transport the fertilizer to and from the plant to the farm = $620

Each container holds = 40 pounds

Annual carrying cost per pound = $0.12

Optimum load size = 305,000/40 = 7,625 containers

Maximum fertilizer level at the farm = 5,500 containers (220,000/40)

Total minimum cost = $ ($620 * 305,000) + ($0.12 * 85,000)

= $189,110,200 ($189,100,000 + 10,200)

5 0

3 years ago

IE 9-6 ... AS/AD model – If this economy has an equilibrium in Year 5 with a Price Level of $2.54, then Nominal Income GDP will

REY [17]

Answer:

$4387 b but Real Income GDP will be $4500 b ..

Explanation:

This nominal GDP signifies the worth of all those ultimate assets including assistance that economics performed throughout a provided year. The aforementioned is calibrated by implementing the uses that remain contemporary throughout the year while which that output is generated. Meanwhile, in economics, a nominal worth is formulated into monetary sessions.

This is essential to identify amidst the nominal and real value of a nation's internal production including profit. Real GDP estimates a specific amount of production. An expansion in real production signifies that AD has grown quicker than this rate of inflation moreover this prosperity is encountering assertive germination. So according to the above eplaination the answer is mentioned below.

AS/AD model – If an aforementioned administration maintains equanimity into Year 5 including a Value Level concerning $2.54, later Nominal Earnings GDP will remain $4387 b still Real Income GDP will remain $4500 b ..

4 0

3 years ago