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natima [27]
3 years ago
12

Linda, the human relations manager, is having lunch with Kellyanne, who will be leaving to manage the company office in Hiroshim

a, Japan. As the bill for lunch comes, Linda asks Kellyanne if she is aware of tipping practices in Japan. Kellyanne says, "Yes, it is 15–20 percent." Linda thanks Kellyanne for the information and notes that she when she was in Europe, she learned that a 10% charge is added only for exceptional service. In both cases, Kellyanne is correct.
a. True
b. False
Business
1 answer:
olchik [2.2K]3 years ago
7 0

Answer:

False

Explanation:

1) In Japan, this is rude to openly tip waiters, waitress, etc. So to avoid squabbles over tipping some restaurants ask politely if they may charge a fee of 15% on coupons. But it is not expected, nor it is mandatory to have this rule. It is humiliating, disgusting for somebody to ask or wait for tips.

Tips are not seen as an incentive to better work in Japan.

2) Tips in Europe is way too modest, than in the US. In some countries it is not even expected, but the tips range within 5% to 10% when it is necessary.

3) Kellyanne is wrong in both pieces of information

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Indicate the accounts, amounts, and direction of the effects on the accounting equation under the accrual basis.
Alex777 [14]

Answer:

Find the answers in the excel file attached.

Explanation:

The impact of the accounting equation has been shown as well.

Download xlsx
6 0
3 years ago
For many years you have been using your local, small-town bank. One day you hear that the bank is about to be purchased by Bank
kari74 [83]

Answer:

If I was banking with my local town bank and it happens that Bank of Africa purchases it, there are cost and benefits associated with the merge. First, Bank of America is global, meaning that I will be able to access the Services such as ATM services at different points. Second, due to its area of coverage, the services are cheaper compared to the ones I got when it was in my local town. However, due to the monopoly of the bank, they might increase the charges making them more expensive than when the services in the local village. Additionally, it will be a challenge for average customers, such as farmers, to access big banks unless faithful people accompany them.

Explanation:

7 0
3 years ago
In preparing its bank reconciliation for the month of April 2018, Coronado, Inc. has available the following information. Balanc
hoa [83]

Answer:

the adjusted cash balance as on April 30,2018 is $77,800

Explanation:

The computation of the adjusted cash balance as on April 30,2018 is as follows;

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= $78,800 + $9,300 - $10,300

= $77,800

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4 0
3 years ago
Lacuna Inc. factors $12,000,000 of its accounts receivables with recourse for a finance charge of 3%. The finance company retain
Elena L [17]

Answer:

The loss on transfer of receivables is $960,000

Explanation:

Sales amount                                       $12,000,000

Finance charge 3%*$12 million              ($360,000)

Retention amount 10%*$12 million           ($1,200,000)

Cash upfront                                           $ 10,440,000

The recourse liability is $600,000,which means that additional liability of $600,000 would be incurred by Lacuna Inc, if the total amount from the receivables is not received owing to the fact that the factoring is with recourse.

The loss on transfer of receivables is shown as:

Finance charge                    $360,000

Recourse liability                  $600,000

total loss                                 $960,000

5 0
3 years ago
Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended
m_a_m_a [10]

Answer:

Net Cash flow from Operating Activities (Direct Method) = $343

Net Cash flow from Operating Activities (Indirect Method) = $343

Explanation:

Cash Flow Statement - Operating Activities  (Direct Method)  

                                                                              Amount in $

Cash receipts from Customer (219+770-321)            668

Less: Cash paid to suppliers (120+285-207-98)       -100

Cash paid Employees (96+117-108)                       -105

Cash Paid to Insurance (69+37-85)                            -21

Cash Generated from operation                               442

Less: Interest paid (47-19)                                        -28

Income tax paid (55+82-66)                                        -71

Net Cash flow from Operating Activities              343

Cash Flow Statement - Operating Activities  (Indirect Method)  

                                                                              Amount in $

Net Income                                                                   82

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Decrease in Inventory (422-324)                               98

Increase in Account payable (207-120)                 87

Increase in salaries payable (108-96)                           12

Decrease in prepaid Insurance (69-85)                  16

Decrease in Bond Discount (184-203)                         19

Increase in Deferred Tax Liabilities (66-55)         11

Less: Gain on sale of Building                              -12

Increase Accounts receivable (321-219)             -102

Net Cash flow from Operating Activities             343

6 0
3 years ago
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