The questions about risk that should someone ask before making economic choices are :
- What problem are most likely to happen ?
- What could go wrong ?
- What problem that could be most damaging ?
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Answer:
The CEO needs a clear and broad vision of the companies future and where he's gonna take it in a couple years. The CEO needs good social skills, being able to communicate with potential partners, investors, etc. The CEO needs to be able to motivate himself, motivate his team, and in general just have the ability to keep everyone motivated to continue working towards the companies goals. The CEO needs to be able to adapt relatively quickly, he needs to have the ability to understand the industry quickly, and make sure everyone adapts to the companies changes as well. The CEO also needs trust, he needs to make sure future partners, will trust him, investors trust him, employees trust him, everyone needs to have trust in the CEO.
Explanation:
Answer and Explanation:
The journal entry for establishing the fund as on September 1 is shown below:
On September 1
Petty cash Dr $410
To cash $410
(Being establishment of fund is recorded)
Here petty cash is debited as it increased the asset and credited the cash as it decreased the asset
Therefore the same is to be considered
Answer:
(a) $158,350
(b) $395,050
(c) $79,140
Explanation:
(a) Manufacturing overhead:
= Factory utilities + Depreciation on factory equipment + Indirect factory labor + Indirect materials + Factory manager's salary + Property taxes on factory building + Factory repairs
= $ 13,500 + $12,650 + 48,900 + 70,800 + 8,000 + 2,500 + 2,000
= $158,350
(b) Product costs:
= Total Manufacturing overhead + Direct material used + Direct labor
= $158,350 + $157,600 + $79,100
= $395,050
(c) Period cost:
= Depreciation on delivery truck + Sales salaries + Repairs to office equipment + Advertising + Office supplies used
= 3,800 + 48,400 + 1,300 + 23,000 + 2,640
= $79,140
