Answer:
Hi there!
C. Debit Miscellaneous Expense $270; credit Cash $270.
Explanation:
At the time of the reimbursement from the petty cash, the vouchers for the money used are presented and these must be charged to the different expenses incurred.
In October 1, the journal entry for the petty cash increase of $54 will be:
Debit Petty Cash $54; credit cash $54.
Answer:
B) Upward communication
Explanation:
Upward communication defines that the employees follow hierarchy from downward to upward which means a lower employee to a higher. For example Worker to supervisor and supervisor to Manager. Upward communication is the most effective source in every organization as traditional forms of communication increasingly become less common.
Therefore as per the situation, Senior members of the facilities team had intimidated a group of newly hired workers. Jodie, one of the team members who observed the event, wrote a letter detailing the harassment incident to her division manager. In this case, Jodie is engaging in upward communication.
Answer:
weighing the incremental benefit against the incremental cost of a decision.
Explanation:
In Business management and economics, Marginal thinking involves weighing the incremental benefit against the incremental cost of a decision.
When individuals such as a decision-makers or project manager, is implementing and executing a project, it is very essential and important that he does marginal thinking; by weighing the overall and potential benefits or gains to be derived from that project in comparison with the costs of execution.
<em>Hence, when the incremental benefits is greater than the incremental cost of the decision, then it is logical and safe to make the move or do it. </em>
Answer:
Debit WIP - department 2 $60.000
Credit Wages payable $60,000
Explanation:
The journal entry to record the flow of costs into Department 2 during the period for direct labor is the following:
Debit WIP - department 2 $60.000
Credit Wages payable $60,000
Because the labor expense incurred in Department 2 is $60,000, hence we have to debit the WIP- department 2 for an amount of $60,000 and we would have to credit to Wages payable for $60,000
.