Answer: The rule that requires that a contract should be written is Equal dignity rule
Explanation:
Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.
It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected .
Answer:
a) I used an excel spreadsheet to record the T-accounts
the closing entries would be:
Dr Sales revenue 12,100
Dr Purchase discounts 48
Dr Interest revenue 600
Dr Gain on sale of land 1,500
Cr Income summary 14,248
Dr Income summary 8,512
Cr Cost of goods sold 6,450
Cr Sales returns 1,680
Cr Sales discounts 242
Cr Distribution costs 140
Dr Income summary 5,736
Cr Retained earnings 5,736
b) Ross Company
Income Statement
For the year ended December 31, Year 2
Revenues:
-
Sales revenues $12,100
- Sales returns ($1,680)
- Sales discounts ($242) $10,178
Cost of goods sold <u>($6,450)</u>
Gross profit $3,728
Expenses:
-
Distribution costs ($140) <u>($140)</u>
Operating income $3,588
Other sources of income:
-
Gain on sale of land $1,500
- Interest revenue $600 <u>$2,100</u>
Net income before taxes $5,688
Answer: The answer is Laissez - faire leadership style
Explanation:
Leadership : This can be defined as the ability which makes a manager to exert a positive influence over the behaviour of their subordinates. It is a process by which managers direct the affairs of the organizations with a view to achieve the overall objective of the organization. Leadership is the aspect of management that has to do with the human beings.. every manager will have a different approach to leadership depending upon the managers personality, traits, early training, abilities, and experience. The following are the leadership styles
Autocratic leadership style : This is a kind of leadership style in which power is in the hands of one authority whose word is a law.it is a leadership style in which orders are issued and are expected to be obeyed without question. All decisions in this kind of leadership are those of the leaders little or no discussion does not take place with the subordinates.
Democratic leadership style:This is a kind of leadership style in which the leaders or managers share their decision making activities with their subordinates as much as possible while they do not give up their ultimate responsibility or authority. In this leadership style much decision making is done through discussion either formally or informally.
Laissez -faire : This is a kind of leadership style which focuse on the delegation of duties to subordinates without providing little or no supervision to monitor the performances such subordinates on the job. This kind of leadership style is used when subordinates are experienced, well trained, such that they required little or no supervision in doing their job.
Bureaucratic leadership style : This is a kind of leadership style which focuse mostly on rules and procedures as it is written in which subordinates are therefore expected to follow such rules and procedures spelt out for them by the managers to the latter in the performance of duties in the organization
Answer:
non-directive interview
Explanation:
Josh has attended as a non-directive interview. A non-directive interview is a technique where questions are not prearranged. Unstructured or Non-directive interview, for the most part, have no set arrangement. The absence of structure permits the questioner to pose inquiries according to the answers of the candidate. The interviewer can ask any questions because the questions are not prearranged.
<span>Net Income After Tax = Net Income Before Tax - Tax
Net Income Before Tax = 170,000-75,500-10,200+(16,500*0.0725)=85,496.25
Tax = 0.35*Net Income Before Tax=0.35*85,496.25= 29,923.69
Net Income After Tax = 85,496.25- 29,923.69 = 55,572.56</span>
