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Sidana [21]
3 years ago
14

A company begins operations in March and has the following transactions. March 1 Issue common stock for $17,500. March 5 Obtain

$8,300 loan from the bank by signing a note. March 10 Purchase construction equipment for $21,500 cash. March 15 Purchase advertising for the current month for $1,000 cash. March 22 Provide construction services for $17,300 on account. March 27 Receive $12,300 cash on account from March 22 services. March 28 Pay salaries for the current month of $5,300.Required:Record each transaction. Company uses the following accounts: Cash, Accounts Receivable, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.
Business
1 answer:
inysia [295]3 years ago
6 0

Answer:don't get a loan

Explanation:u'll be bankrupt

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Which management scholar matches your viewpoints on the role of management? Why? Provide support for your answer.
11111nata11111 [884]

Answer:

X&Y theory by Douglas McGregor

Explanation:

The X&Y theory of management assumes there are two different types of workers. Theory X workers lack ambition and drive and need to be ordered around by bosses to do anything. Theory Y workers, on the other hand, enjoy work and strive for self-fulfillment.

Both views of employees are a bit extreme, as most workers fall somewhere between X and Y. Employees don't need to be ordered to do every task, but there is some need for discipline and rules for most employees. Many employees do enjoy work, but it doesn't always come naturally and requires some encouragement at times. There should be a middle ground for implementing this theory.

"This theory is largely considered to be obsolete today, as few managers begin from a starting position of being highly polar or binary in terms of their management style being just one of two options at opposing ends of a spectrum," said Polly Kay, marketing manager at English Blinds.

5 0
3 years ago
An invoice is an example of which of the following?
Scilla [17]

A source document

This document, when coupled with a bill of lading and/or packing list, can be used to invoice a customer, which in turn generates a sale transaction. Supplier invoice. This is a source document that supports the issuance of a cash, check, or electronic payment to a supplier.

8 0
3 years ago
Is the manager actively involved in the decision of the business
torisob [31]

Answer:

Yes

Explanation:

Shareholders are the owner of a business (if it is a limited comapany) and managers and directors are appointed for key decision making. In this scenario managers are carrying out the function of entrepreneurs which is key decision making while shareholders are carrying out the function of investing capital.

A manager is involved in many decisions including:

plan - preparing for the future and create action points.

organise - having resources ready and putting plan into action.

command- ensuring employees are working.

co-ordinate - making sure all departments work together to achieve the end goal or objective.

8 0
2 years ago
Vaughn Manufacturing purchased equipment for $12240 on January 1, 2017. The company expects to use the equipment for 5 years. It
tresset_1 [31]

Answer:

Accumulated Depreciation as on  31st December 2017 is 2448

Explanation:

Depreciation using straightline method=<u>Cost of equipment-salvagevalue</u>

                                                                           useful life of the asset

Depreciation =<u> 12,240-0</u>

                            5years

Depreciation on 31st December 2017 = $2448

<u></u>

<u></u>

<u></u>

3 0
4 years ago
Which savings account can a financial institution end?
Elan Coil [88]
Callable Certificate of Deposit is a type of savings account that a financial institution can terminate.
6 0
4 years ago
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