Answer:
a.
DR Cash .....................................................................$9,003.31
DR Cash Over and Short.........................................$66.99
CR Sales revenue........................................................................$9,070.30
Working
Cash = 9,070.30 - 66.99 = $9,003.31
b.
DR Cash .....................................................................$9,107.67
CR Sales revenue........................................................................$9,070.30
CR Cash Over and Short.............................................................$37.37
Working
Cash = 9,070.30 + 37.37 = $9,107.67
Answer:
the gift shop must recognize 31 days of accrued interest payable, total interest = principal x interest rate x time passed
= $50,000 x 12% x 31/365 days = $509.59
the adjusting entry should be:
December 31, accrued interest on note payable
Dr Interest expense 509.59
Cr Interest payable 509.59
Answer:
In this case, Jack's "human/interpersonal skills" failed. The skills that Jack is failing to use are important for "managers."
Explanation:
From the statement above, we can assume that Jack's position is superior to that of Samantha. He is, probably, the manager. However, he yelled at Samantha last week because she was late. In this case, Jack failed in his "human skills." This is also known as<em> "interpersonal skills,"</em> which is <u>a set of skills related to interacting effectively with other people.</u>
A manager with good interpersonal skills knows how to listen to his subordinates. In fact, he should be an <em>active listener,</em> which means he should be observant upon listening to other people's explanation. He should also provide advice or solve problems without yelling.
Thus, this explain the answers.
Answer:
Real GDP will decrease by $50 billion.
Explanation:
In order to calculate the net effect of a reduction in consumption of $10 billion, we need to identify the multiplier first.
Multiplier = 1 / marginal propensity to save
Marginal propensity = 1 - marginal propensity to consume = 1-0.8 = 0.2
Multiplier = 1 /0.2 = 5
The net change then of a reduction by 10 billion = 10 * 5 = $50 billion
Hope that helps.
Answer: (1.) Dividend amount (111.) Dividend growth rate
Explanation:
The divided growth model is defined by the relation:
Po = D1 / (r - g)
Where Po = current price of stock
r = discount rate and g = growth rate of the stock
D1 = Next year's Dividend
From the Gordon model; The price of stock is directly proportional to the Dividend amount, therefore, an increase in Dividend amount will result in current value of stock and vice versa.
Since the current value of stock increases as Dividend amount increases, therefore an increase in the growth rate of the Dividend will also favor increase in the current value of stock.