The answer to the question is (B) least preferred coworker scale.
Fiedler uses this for his contingency leadership model, which describes how the best leader is the ones who showcased the best behaviors to manage the circumstances that he or she finds themselves in.
The LPC (least-preferred coworker scale) <u>measures an individual’s leadership orientation, where high scores have high human relations orientation and low scorers have high task orientation.</u>
Answer:
1.23
Explanation:
Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period.
Cost of Sales=Opening Inventory+Purchases-Closing Inventory
=5,500+4,000-3,800= 5,700
Average Inventory= Opening + Closing/2
= 5,500+3,800/2= 4,650
Inventory Turnover Ratio= <u>Cost of Sales</u>
Avg Inventory
= 5,700/4,650=1.23
Answer:
a.Sales tax to be recorded at the time of sales.
b.36000
c.38880
d.Sales tax payable
Explanation:
a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.
b. Sales = $36000
c.Account receivable = [36000+(36000*8%)]=36000+2880=38880
Entry: Dr Account receivable 38880
Sales 36000
Sales tax payable 2880
d. Sales tax payable, it is liability for a seller to refund to government treasury.
Answer:
Both microeconomics and macroeconomics involve examining economic behavior, but they differ in terms of the scale of the subjects being studied.
Explanation:
Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. Macroeconomics takes a wider view and looks at the economies on a much larger scale—regional, national, continental, or even global. Microeconomics and macroeconomics are both vast areas of study in their own rights.
Answer:
Since elasticity is 6.4, a positive figure,it is normal good and the fact that it is greater than one means it is elastic,hence option A is correct
Explanation:
The formula for income elasticity of demand is given as:
/(new quantity-old quantity)//(old price+new price)/2)/(New income-Old income)/(old income+new income)/2)
New income=$33,000
Old income=$31,900
New quantity =5 times
Old quantity=3 times
Hence=(5-3)/(3+5)/2)/(33500-31900)/(31900+33500)/2)
Elasticity=6.45
