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3 years ago

There are two forms of intergroup conflict: latent and active.T/F

1 answer:

wel3 years ago

5 0

The answer is false. The two forms of intergroup conflict are: conflict states and conflict processes. An intergroup conflict is the disagreement that happens when two or more groups have conflict with one another. The conflict may be a formal or informal disagreement between like or varying groups.

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Transactions Interstate Delivery Service is owned and operated by Katie Wyer. The following selected transactions were completed

nalin [4]

Answer:

1. Transaction: Received cash from owner as additional investment $18,000

Accounting equation element: Asset and Equity

Direction: Cash increases Equity increases

Account: Cash and Wyer capital

2. Transaction: Paid advertising expenses $4,850

Accounting equation element: Asset and equity

Direction: Cash decreases Equity decreases

Account: Cash and equity

3. Transaction: Purchase supplies on account $2,100

Accounting equation element: Asset and Liability

Direction: Asset increases Liability increases

Account: Supplies and Accounts payable

4. Transaction: Billed customers for delivery services on account $14,700

Accounting equation element: Asset and Equity

Direction: Asset increases Equity increases

Account: Accounts receivable and equity

5. Transaction: Received cash from customers on account $8,200

Accounting equation element: Asset and Asset

Direction: Cash increases and accounts receivable decreases

Account: Cash and accounts receivable

5 0

2 years ago

John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA taxes are 7.65% of gross ea

Anastasy [175]

Answer:

The net pay for John Jansen is $2894

Explanation:

For calculating the net pay for John Jansen we have to subtract all the FICA taxes and federal income taxes and also state income taxes, with authorized voluntary deductions also being subtracted from the gross earnings .

Given information - Gross earning = $4000

FICA taxes = 7.65%

Federal income taxes = $675

State income taxes = 3%

Authorized voluntary deductions = $5

One important to remember here is that FICA taxes and State taxes would be calculated on the gross earnings of John

FICA taxes = 7.65% of $4000

= .0765 x $4000

= $306

State taxes = 3% of $4000

= .03 x $4000

= $120

NET PAY = gross earnings - FICA tax - state tax - federal income tax -

authorized voluntary deduction

= $4000 - $306 - $120 - $675 - $5

= $2894

7 0

3 years ago

Describe your personal definition of leadership.

Inessa [10]

Leadership is showing the way to people and making people better.

5 0

2 years ago

Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

allochka39001 [22]

Answer:

e. Debit Petty Cash $50 Credit Cash $ 50

Explanation:

The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:

Petty Cash - Debit $ 232

Cash - Credit $ 232

The entry for recording the petty cash expenses would be as follows;

Office Supplies expense debit $ 73

Merchandise Inventory debit $ 137

Miscellaneous expenses debit $ 22

Petty Cash credit $ 232

7 0

3 years ago

Pierce Corporation exchanged old equipment for new equipment. The original cost of the old equipment was $120,000, and its accum

ololo11 [35]

Answer:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

--to record trade of equipment--

Explanation:

Let's break the transactions into small parts:

We need to remove the old equipment from accounting along with their accumulated depreciation so:

accumulated depreciation 40,000 debit

old equipment 120,000 credit

Then, we debit the new equipment at fair value:

new equipment 50,000 debit

Last, assuming the trade has commercial substance: we recognize the gain or loss on sale:

book value of traded equipment: 80,000

fair value of new equipment: 50,000

loss at disposal: 30,000

<u>Thus, the journal entry will be as follows:</u>

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

4 0

3 years ago