Answer:
JOURNAL ENTRY :
Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.
Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.
Explanation:
Given the following :
Agreed purchase price of raw materials in 2018 = $990,700
Market value of raw material at 31, December 2018 = $942,000
JOURNAL ENTRY :
Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.
Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.
<span>True. "Economizing behavior" is the result of purposeful and rational decision making on behalf of the economizer. The better option in two items of the same quality is to buy the cheaper object.
For example, if you want to buy a chocolate bar and see that one seller offers one at $1.50 and the other one offers one at $3. Economizing behavior would be to buy the first bar.</span>
Answer:
The correct answer here is that middle management have made a tactical plan.
Explanation:
Tactical plan can be defined as a plan where after the company has made its strategic plan ( which outlines the objective and goal of the company ) , certain short term actions and plan have been made or implemented by a company's department or function, which helps in achieving those goals and targets set in the strategy plan. The horizon of the tactical plan is short, as the time period depends upon the market that company serves and pace of change. In this question middle department has implemented such short term tactical plan to stop losses due to theft.
Answer: Corporate officer who serves in a representative capacity for the owners of the corporation.
Explanation: In simple words, a person acting on behalf of another person or group is called an agent.
A business agent uses the name of principal for entering into contracts with third parties while an employee is someone who is under the contract with the employer to perform his duties.
So from the above we can conclude that Janitor and gardener are an employee but corporate officer is an agent.
