Answer:
See below.
Explanation:
We record the entries as follows,
First record the total gross sales,
Debit accounts receivables by $57,000
Credit Sales by $57,000
Payment terms provide us that 2% discount if paid within 15 days and no discount thereafter.
We record the payments as,
Cash debit by ($57,000 * 0.98) = $55,860
Discounts allowed debit by ($57,000*0.02) = $1,140
Credit Discount receivable by $57,000
Hope that helps.
Answer:
1. Root cause analysis is an important step in the incident management process.
2. Until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.
Explanation:
The true and correct statement is that root cause analysis is an important step in the incident management process and until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.
Root cause analysis can be defined as a technical process which is typically used to identify or measure the reason why incidents are occurring and how to device necessary procedures to mitigate and prevent the occurrence of such incidents in the future. Ultimately, if the root cause of an incident isn't identified and properly eliminated, it is very much likely that similar or perhaps the same incident would continue to occur.
<em>Hence, the first solution to solving a problem is identifying and eliminating the root cause. </em>
Answer:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
Explanation:
A. Received cash by issuing common stock
Debit: Cash
Credit: common stock
B. Received cash for services to be performed in the future.
Debit: Cash
Credit: unearned revenue.
C. Paid salaries payable
Debit: salaries payable
Credit: cash
D. Provided services on account.
Debit: accounts receivable
Credit: service revenue
E. Paid cash for operating expenses
Debit: operating expenses
Credit: cash
Answer:
<u>Compromise</u>
Explanation:
Two teams in a company have a conflict over which team will work on a lucrative project . Both teams want to work on the project. Eventually, they decide to work together on the project and share the credit for its completion . In the given scenario ,<em> compromise</em> method is used to resolve the conflict.
We know that compromise is a way by which we can settle any conflict it just depend upon the person. It helps in settling differences among the two person or group of individuals.
While compromising we should always listen the words of both the parties and try to understand their saying. And try to come up with some ways , which can be used by both parties. It helps in making a balance between the parties.
