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NeX [460]
3 years ago
10

Juan Carlos originally hoped to purchase a home. However, because he could not earn enough money to ever afford one, he decided

that a home was no longer important. Instead, he found happiness through quitting his job, moving into a shack in the woods, and enjoying the solitude. Merton would classify Juan Carlos’s adaptation to strain as __________.
Business
1 answer:
Ivenika [448]3 years ago
5 0

Answer:

Retreatism

Explanation:

Retreatism -

It is the concept or the methodology , which states that a person resigning the traditions of the society's idea of success and creating their own way of happiness and self satisfaction , is known as the method of Retreatism .

Same case is shown in the question , where Juan Carlos adapted the idea of Retreatism , in order to attain a happy life , by leaving his job and moving to the woods and enjoying the solitude .

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What is the pricing objective of a firm that adjusts price levels so it can increase sales volume to match organizational expens
castortr0y [4]
The pricing objective of a firm that adjusts price levels so it can increase sales volume to match organizational expenses is survival. 
8 0
3 years ago
Which of the following is not an example of safeguarding inventory? a.physical devices such as two-way mirrors, cameras, and ala
Talja [164]

Answer: The Option "d.returning inventory that is defective or broken" is NOT an example of safeguarding inventory.

Explanation: If we analyze the statements:

a.physical devices such as two-way mirrors, cameras, and alarms - These are all tools intended for protection against possible inventory theft.

b.storing inventory in restricted areas - Restricting access only to inventory-enabled personnel is able to protect the inventory much more than if anyone can access it.

c.matching receiving documents, purchase orders, and vendor's invoice - Controlling each of the purchase documents and performing the physical count reduces the possibilities of inventory differences for losses or errors.

d.returning inventory that is defective or broken - Returning the defective inventory is a post-echo action that occurred due to the unprotection of the inventory, therefore it could not be referred to as an example of inventory protection.

3 0
3 years ago
For each of the following unrelated situations, calculate the annual amortization expense and prepare a journal entry to record
Montano1993 [528]

Answer:

(a) Debit Amortization expense - Patents for $43,750; and Credit Patents for $43,750.

(b) Debit Amortization expense - Patents for $5,230; and Credit Patents for $5,230.

(c) Debit Amortization expense - Franchise for $14,000; and Credit Franchises for $14,000.

Explanation:

(a) A patent with a 10-year remaining legal life was purchased for $350,000. The patent will be commercially exploitable for another eight years.

Annual amortization expenses = Purchase cost of the patent / Number of commercially exploitable years = $350,000 / 8 = $43,750

Therefore, the journal entries will look as follows:

General Journal

<u>Description                                             Debit ($)            Credit ($)    </u>

Amortization expense - Patents             43,750

Patents                                                                                43,750

<u><em>(To record patent amortization.)                                                           </em></u>

(b) A patent was acquired on a device designed by a production worker. Although the cost of the patent to date consisted of $52,300 in legal fees for handling the patent application, the patent should be commercially valuable during its entire remaining legal life of 10 years and is currently worth $400,000.

Annual amortization expenses = Legal fees / Remaining legal life = $52,300 / 10 = $5,230

Therefore, the journal entries will look as follows:

General Journal

<u>Description                                             Debit ($)            Credit ($)    </u>

Amortization expense - Patents             5,230

Patents                                                                                 5,230

<u><em>(To record patent amortization.)                                                           </em></u>

(c) A franchise granting exclusive distribution rights for a new solar water heater within a three-state area for five years was obtained at a cost of $70,000. Satisfactory sales performance over the five years permits renewal of the franchise for another three years (at an additional cost determined at renewal).

Annual amortization expenses = Cost of acquiring the franchise / Number of years acquired = $70,000 / 5 = $14,000

Therefore, the journal entries will look as follows:

General Journal

<u>Description                                             Debit ($)            Credit ($)    </u>

Amortization expense - franchise           14,000

franchise                                                                               14,000

<u><em>(To record franchise amortization.)                                                           </em></u>

4 0
3 years ago
Looking at your Personal Fact Sheet, do you see any areas that may need improvement? In which areas do you have the most room fo
adell [148]

Answer:

In the classroom and in the grocery store and house.

Explanation:

Hope this helps!

4 0
3 years ago
Crane incurs a weekly payroll of $251000 that includes federal taxes withheld of $38200, FICA taxes withheld of $23970, and 401(
Salsk061 [2.6K]

Answer:

First let us define the nature of each of the following as per Balance sheet of a company:

Payroll payable- Liability

FICA taxes withheld- Liability

Federal taxes- Liability

410(k)- Liability

Explanation:

Effect of Transaction on assets and liabilities:

  • Payroll expense Debit will have no impact
  • Payroll payable, Federal taxes, FICA and 401(k) will increase the current liability.
  • And when they are subsequently paid, cash will be credited hence decreasing the current assets and all these current liabilities shall be debited, hence decreasing the current liability portion.
8 0
3 years ago
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