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Stolb23 [73]
3 years ago
12

Antony Johnson works in the human resources department of a small wholesale company. His boss has delegated to Johnson the job o

f finding a replacement for the company's shipping dock supervisor who has recently retired. Johnson will have total responsibility for filling this position. Johnson will be:
Business
1 answer:
nikdorinn [45]3 years ago
3 0

Answer:

made accountable

Explanation:

In an organisation when total responsibility is placed on a staff for a particular task, he is accountable for the outcome.

In the given scenario his boss has delegated to Johnson the job of finding a replacement for the company's shipping dock supervisor who has recently retired.

Johnson will need to find a person that meet the technical and moral standards that the job requires.

Johnson will be held accountable for the performance of the replacement staff.

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___________ studies the operation of a nation's economy as a whole.
alisha [4.7K]

Answer: Macroeconomics

Explanation: Macroeconomics is the study of the economy as a whole. Macroeconomics is that branch of economics that studies the behavior and operation of the economy for a certain period of time.

The matters to which it is focused are growth, unemployment and gross domestic product etc.

Hence, from the above explanation we can conclude that Macroeconomics is the right answer.

8 0
3 years ago
Sage Hill Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following information.
SVEN [57.7K]

Answer:

31-Aug-22

Dr Bank Account 60

Cr Interest Received for the month of Aug22 60

31-Aug-22

Dr Sundry Creditors 360

Cr Bank Account 360

31-Aug-22

Dr Bank Charges Dr 105

Cr Bank Account Cr 105

Explanation:

Preparation of the adjusting entries to be made by Sage Hill Inc. at August 31

31-Aug-22

Dr Bank Account 60

Cr Interest Received for the month of Aug22 60

(To record Interest earned)

31-Aug-22

Dr Sundry Creditors 360

Cr Bank Account 360

($400-40)

(To correct error in recording check)

31-Aug-22

Dr Bank Charges Dr 105

Cr Bank Account Cr 105

($65+40)

(To record service charge and safety deposit box fee)

5 0
3 years ago
Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March.
spin [16.1K]

Answer:

March 1

Cash $195,000 (debit)

Office equipment $29,000 (debit)

Common Stock $224,000 (credit)

March 2

Prepaid Rent $8,000 (debit)

Cash $8,000 (credit)

March 3

office equipment $4,200 (debit)

office supplies $2,400 (debit)

Accounts Payable $6,600 (credit)

March 6

Cash $3,500 (debit)

Revenue $3,500  (credit)

March 9

Trade Receivable $9,200 (debit)

Revenue $9,200 (credit)

March 12

Accounts Payable $6,600 (debit)

Cash $6,600 (credit)

March 19

Prepaid Insurance $4,700 (debit)

Cash $4,700 (credit)

March 22

Cash $3,900 (debit)

Trade Receivable $3,900 (credit)

March 25

Trade Receivable $3,760 (debit)

Revenue $3,760 (credit)

March 29

Dividend $6,200 (debit)

Cash $6,200 (credit)

March 30

Office supplies $1,600 (debit)

Cash $1,600 (credit)

March 31

Utility Bill $700  (debit)

Cash $700  (credit)

Explanation:

Identify the two Accounts Affected and place them in the respective given titles then record the journal.

5 0
3 years ago
Kelton Inc. reported net credit sales of $310,000 for the current year. The unadjusted credit balance in its Allowance for Doubt
mariarad [96]

Amount should the company record as an estimate of Bad Debt Expense  is $6,200

Explanation:

Net credit sales of Kelton Inc. for the current year = $310,000

The unadjusted credit balance in Allowance for Doubtful Accounts = $525.

Kelton Inc. bad debt losses of = 2% of credit sales in prior periods.

Estimate of Bad Debt Expense = Credit Sales * Bad debit %

  • Estimate of Bad Debt Expense = ($310,000 * 2) / 100
  • Estimate of Bad Debt Expense = $6,200

Amount should the company record as an estimate of Bad Debt Expense = $6200

7 0
3 years ago
If the MPC in an economy is 0.75 and aggregate expenditures increase by $5 billion, then equilibrium GDP will increase by?
Crank

Answer: D) $20 billion

Explanation: MPC, or marginal propensity to consume represents a person's change in the amount they spent compared to a change in their income. The second existing ratio, is the marginal propensity to save (MPS). This is a person's change in the amount they save compared to a change in their income. These two ratios added together will always add up to 1, as consumers either spend or save (that is don't spend).

In order to calculate the equilibrium GDP increase you need to calculate the multiplier.

This multiplier can then be used to calculate the gross domestic product of a country over time. Gross domestic product, or GDP, is the value of a nation's total goods and services produced within a year.

The mutliplier formula is:

1 ÷ (1-MPC)

= 1 ÷ (1-0.75)

=4

The multiplier is then multiplied with the initial expenditure increase to get the new GDP increase in spending:

4 x $5 billion

= $20 billion.

4 0
3 years ago
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