Answer: Option C
Explanation: As per the leader- member exchange model, the relationship between the senior and subordinate is based on the honesty and truth and extends beyond the employment relations.
This model is often used by the organisations that gives high importance to the employees and tries to maintain healthy relationships and positive environment within the workplace.
Hence from the above we can conclude that the correct option is C .
Answer is true. Multinational companies engage in FDI in other countries.
Answer:
27.14 months
Explanation:
to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:
=NPER(rate,payment,-loan)
- payment = 630
- rate = 1.03
- loan balance = 14,850
=NPER(1.03%,630,14850) = 27.14 months
Answer:
Journal entries
Explanation:
Before passing the journal entries first we have to determine the following amounts
Computation of net proceeds:
Cash received ($175,000 × 94%) $164,500
Add: Reserves amount ($175,000 ×4%) $7,000.
Less: fair value of recourse liability - $4,040
Net proceeds 167,460
Now the gain or loss is
= Net proceeds - Carrying value
= $167,460 - $175,000
= $7,540
Now the journal entry is
Cash $164,500
Due from factors $7,000
Loss on sale of receivables $7,540
To Recourse liability $4,040
To Account receivable $175,000
(Being the sale of receivables is recorded)