Answer:
Option A.
Explanation:
It is given that a $150 petty cash fund has cash of $54 and receipts of $83.
We need to find the journal entry to replenish the account.
Cash and receipts = Cash + receipts
= $54 + $83
= $137
Short for cash = Cash fund - Cash and receipts
= $150 - $137
= $13
The required journal entry to replenish the account would include a debit to Cash Over and Short for $13.
Therefore, the correct option is A.
A secured loan has claim on assets in case the lender defaults. For example, a home buyer takes out a loan (secured against the home) with a bank to buy home. If the home buyer can't make repayments (or even goes bankrupt), the bank can sell the home to recover their lost money.
An unsecured loan does not have claim on any assets. All else being equal, an unsecured loan has higher interest rate.
Answer:
b. an ethical duty beyond those duties mandated by law.
Explanation:
Business ethics involve policies and practices concerning duties that go beyond those mandated by law. Anyhow, the law sets the tone for business ethics as a guideline that a company can follow to foster and gain public approval.
Issuing 25,000 shares of $5 par value common stock for $20 per share.
Cash (25,000 x 20) 500,000
Common stock (25,000 x 5) 125,000
Additional Paid-In Capital (25,000 x 15) 375,000
The net loss will only be reflected as a deduction from retained earnings. Retained earnings is where the net income or net loss of the company will be under in the year-end balance sheet. It is the balance of all income and loss the company has since its inception.
Answer:
Directive Style of Decision Making
Explanation:
Decision Making is a crucial step in very leader's work process.
There are following decision making styles :
- Directive : This leadership style is very logical & practical , quick & systematically efficient. It consumes less information, considers less alternatives. Such style is less open to others creative suggestions, opinions participation & has very less tolerance to any ambiguity.
- Analytic : This style is careful & able to adapt & cope with new situations
- Conceptual : It focuses on broad information based, creative solutions approach. People using consider multiple aspects of alternatives.
- Behavioural : This style encompasses all opinions, seeks acceptance of decisions. People using this have good rapport with co workers.
Bill mentioning his management style as 'practical, efficient, logical, and systematic' highlights towards it being 'Directive style of decision making'
