Answer and Explanation:
The journal entry is shown below:
Overhead $4,700
Cost of goods sold $4,700
(Being overapplied overhead is closed)
Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense
Answer:1. The reason that the varsity team lost to JV team is lack of working together as a team.
2.Coach P. when selecting the rowers for the two teams should have looked at both the psychological(personality types and traits, if they are leader or followers etc.) as well as the physical aspect ( Stamina, Speed ,Coordination, Strength etc.) of each individual.
explanation:
1:Even though the varsity team consisted of the best individuals for speed , strength, coordination and endurance, they lacked the cohesiveness to perform as a unit. Each of the eight individual rowers had to be single-mindedly attuned to one another in order to synchronize their rowing and perform in unison. Unfortunately, the team also too many disruptor and lacked a leader.
2:The Coach should have experimented more by creating different scenarios to see how well the individuals responded and performed to one another in different situations when it came to a team environment. For example, putting the rowers in total control of the team's dynamics is the best hands on lesson they could ever experience. This would have allowed the rowers a deeper understanding what it take to be winner from a loser.
3.Coach P. should switch both the teams for Tuesday since after extensive observations and evaluation he has witnessed JV work as a better team. The JV team possessed better synergy, synchronization, and shared a common goal causing them to win more frequently than the Varsity team, despite the fact that the Varsity team had better individual members. In addition, there has been a precedent for switching boats. During the mid-1990’s, the Cornell Coach faced asimilar situation as Coach P. and as a result of him making the switch, both the JV and Varsity teams ended up winning the Eastern Championships. This demonstrates that it is more likely thatthe teams will win if they agree to switch. Moreover, even if Coach P. decided not to switch the teams, it would have taken quite a while to rebuild Varsity’s team structure, morale, and overall team synergy, implying that they probably would not have been ready in time to compete and win the race as the Varsity team anyway.
Answer:
Accounts Payable $3,812 credit
<h3>
Explanation:</h3>
Equipment $4,445 debit,
Cash $633 credit,
now, $4445- $633 = $3,812
The correct entry would be $3,812.
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Answer:
Correct answer:
A. inaccurately high estimates of the labor force.
Explanation:
Part-time work is the type of work where an individual has a flexible work plan is a given company unlike the traditional full-time work. Doing such work create the impression that, there is high labour force among the various industries and sectors.<em> For example, someone might be working in two different firms under part-time basis same day which create an impression of two different individuals.</em>
Answer and Explanation:
The journal entry required to close the expense account is given below:
Income summary Dr $33,520
To Wages Expense $19,000
To Depreciation Expense $1,800
To Utilities Expense $320
To Insurance Expense $700
To Maintenance Expense $9,000
To Income Tax Expense $2,700
(being the expenses accounts are closed)
