A leader who initiates change in a company by enhancing the culture of the work environment is using transformational leadership.
Leadership as both a field of study and practical skills includes the ability of an individual, group, or organization to "lead, influence, or direct" another individual, team, or organization as a whole. The word "leadership" is a common controversial term.
A leader is someone who is responsible for persuading others to follow you. Great leaders instill confidence in others and put them into action. The leader is the head or girl who runs the show.
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The May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system are:
Charlie Company Journal entries
May 13
Debit Account receivable $360
(8×$45)
Credit Sales $360
(To record credit sales)
May 13
Debit Cost of goods sold $208
(8×$26)
Credit Merchandise inventory $208
(To record cost of goods sold)
May 16
Debit Sales return and allowances $45
Credit Account receivable $45
(To record goods returned)
May 16
Debit Merchandise inventory $26
Credit Cost of goods sold $26
(To record cost of goods sold returned)
May 23
Debit Cash $302
($315-$13)
Debit Sales discount $13
(4%×$315)
Credit Account receivable $315
($360-$45)
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Answer:
Debit to pay roll tax expense for $1,170
Explanation:
Based on the information given The journal entry to record the accrual of the employer's payroll taxes would include a DEBIT to pay roll tax expense for $1,170 which is calculated as:
FICA taxes withheld 750
Add Unemployment taxes 420
Debit to pay roll tax expense for $1,170
(750+420)
Answer:
The correct answer is b. The letter of intent is an invitation to negotiate, which is not an offer.
Explanation:
The letter of intent is a document that is written as a pre-agreement between two people or two entities that have the commitment and the intention to proceed further and formalize a contract. They resemble a contract, but unlike these, it is not binding.
We may think that the fact that the letter of intent is not binding makes it lose its value or its usefulness as a practical tool. But the reality is that it serves as proof of will, and such proof may be sufficient proof for other clients or other participants to decide to withdraw.
In addition, the letter of intent itself implies the existence of a negotiation, where those easier questions usually appear, by mutual agreement. Leaving for the real contract, those more complex issues that require more negotiation.
