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spayn [35]
3 years ago
8

All of the following statements regarding the double-entry system are true except:__________. 1. both sides of the accounting eq

uation must be affected when recording a transaction using the double-entry system. 2. the double-entry system provides a logical method for recording transactions. 3. when using the double-entry system, the sum of all debits to the accounts must equal the sum of all credits. 4. a two-sided effect of each transaction is recorded in appropriate accounts when using the double-entry system.
Business
1 answer:
Gennadij [26K]3 years ago
6 0

Answer: both sides of the accounting equation must be affected when recording a transaction using the double-entry system

Explanation:

The double entry principle states that for every financial transaction that takes place, there will be an opposite and equal effects in two different accounts at least. It simply implies that there for every transactions that happens, there are two entries which are the credit entry and the debit entry.

In a double entry principle, the addition of all the debits to the accounts must be thesame as the addition of all credits.

Option A which states that both sides of the accounting equation must be affected when recording a transaction using the double-entry system isn't correct. Both side of the accounting equation aren't affected.

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Bob Hanson emphasizes that sending MBSC employees to seminars on a regular basis is highly motivating. It’s possible that for so
Elza [17]

Answer to Question 1:

Option 3 would be TRUE in this case.

Explanation:

According to Abraham Maslow's hierarchy of needs, <u>Self Esteem Needs</u> are directly below the cadre of <u>Self-Actualization Needs</u>. According to this Abraham Maslows theory, one can only think and appreciate offers relating to Self-Actualization such as training if their self- esteem needs are met.

This makes good sense. If Mike and Bob are narcissistic bosses always treating their workers like garbage then sending them off to training as a way to reward their "hard work", that would be very counterproductive.

Please see the attached diagram for a synopsis of Abraham Maslows Hierarchy of Needs.

Answer to Question 2:

The correct option here is 3)

Explanation.

This next question is based on the <em>Expectancy Theory</em> which states that people will always act in a certain way because of the outcome they expect from that behavior.

One way to keep Marco motivated would be to reimburse his tuition as he seeks a Masters Degree in Fitness Management only on the condition that his increased skill and learning in that field are equally beneficial to the company. If it is beneficial to the company, then it means that increasing his ability to solve such problems will also translate to an increase in MBSC's bottom line. If he is helping the company attain its strategic goals then he ought to be rewarded as well. As this kind of cycle continues, the company grows, employees like Mike will grow and everyone is happy, all other things being equal.

Answer to Question 3

The correct choices are:

1, 3 and 4.

Explanation:

  1. Meetings, if constructively planned can be used to resolve misperceptions relating to equity. This can be very demotivating where an employee feels undervalued in relation to others;
  2. Meetings can be used to re-evaluate performance and how one has performed in relation to those goals. Challenges to performance and solutions to the same can be discussed. In many cases, the goals only need to be made more specific to ignite performance.
  3. Meetings are also good avenues to constructively address undesirable behaviors.

Cheers!

4 0
3 years ago
Suppose the production of long-distance airline flights is described by a fixed proportion production process in which three cre
Elina [12.6K]

Answer:

production at this point is technically inefficient.

Explanation:

Efficient production processes requires a producer to either minimise the inputs they are using at a given output or maximise output level at a given input level.

Technical inefficiency is when input is not minimised or output maximised.

In the given instance the fixed cost (airplane) remains unchanged. However crew members can be variable.

If the airplane only requires 3 crew members and 4 crew members are now used, the company is not minimising inputs used so they are technically inefficient.

3 0
3 years ago
In business buying price is very important because of
Darya [45]

Answer: The potential selling profit

MAKE ME THE BRAINLIST

8 0
3 years ago
Read 2 more answers
Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60
3241004551 [841]

Answer: Price after 1 year = $24.83

Explanation:

Return = [D1/P0 ]+ g

= [(3*1.08)/23] + 0.08

= 22.09%

We assume the return is same for next year as well.

Thus,

r = [D2/P1] + g

22.09% = (3*1.082/P1) + 8%

P1 = $24.83

<u>Thus, price after 1 year is $24.83</u>

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6 0
3 years ago
Read 2 more answers
Chuck has $2,500 invested in a bank that pays 4% annually. The length of time it will take for his funds to double is closest to
Arada [10]

Answer:

The answer is 17.67 years.

Explanation:

Present value is $2,500

Future value of the money to be double of the present value. This means the future value will be $5,000($2,500 x 2)

Interest rate is 4%

Number of years or periods to reach this $5,000 is unknown. So we are looking for this.

To compute this number of periods, lets use Financial calculator.

I/Y = 4; PV= -2,500; FV= 5,000; CPT N= 17.67 years.

Therefore, the number of years to accumulate to $5,000 is 17.67 years

7 0
3 years ago
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