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3 years ago

The following events occurred for Johnson Company:

Business

1 answer:

il63 [147K]3 years ago

4 0

Answer:

a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a market price of $15 per share.

Account Debit Credit

Cash $17,700

Common Stock $1,180

Additional Paid-In Capital $16,520

Assets increase, and stockholder's equity increase by the same amount: $17,700.

b. Purchased $8,200 of equipment, paying $1,500 in cash and owing the rest on accounts payable to the manufacturer.

Account Debit Credit

Equipment $8,200

Cash $1,500

Accounts Payable $6,700

Assets increase by a net $6,700 (Equipment - Cash), and Accounts Payable by $6,700 as well.

c. Borrowed $14,000 cash from a bank. Loaned $800 to an employee who signed a note.

Account Debit Credit

Cash $14,000

Notes Payable $14,000

Notes Receivable $800

Cash $800

Assets increase by a net $14,000 (Cash + Notes Receivable - Cash), and liabilities increase by $14,000

d. Purchased $20,343 of land; paid $9,000 in cash and signed a note for the balance.

Account Debit Credit

Land $20,343

Cash $9,000

Notes Payable $11,343

Assets increase by a net $11,343 (Land - Cash), and liabilities increase by the same amount.

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The Macro Islands can produce either 250 bamboo towels or 500 botanical soaps using all its resources. The Micro Islands can pro

jarptica [38.1K]

Answer:

The Micro Islands have a comparative advantage in producing botanical soaps.

Explanation:

Comparative advantage can be defined as the ability of an economy to produce a good at lower opportunity cost than other economies. This enables the economy sell the product at lower prices, therefore having higher margin of profit than other economies.

The opportunity cost of Micro Island in producing 300 botanical soaps is the cost of producing 30 bamboo towels. The opportunity cost is quite low.

While for Macro Island the opportunity cost of producing 500 botanical soaps is 250 bamboo towels. The opportunity cost is higher than for Micro Island.

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3 years ago

A ______ is a division of the firm itself that can be managed and operated independently from other divisions. Multiple choice q

grandymaker [24]

Strategic business unit (SBU) is a division of the firm itself that can be managed and operated independently from other divisions.

<h3>What is strategic business unit (SBU)?</h3>

It is a business unit that runs independently and it is focused on a target or particular market.

It is a big market that has its own various support functions that include training departments, hiring department.

Therefore, Strategic business unit (SBU) is a division of the firm itself that can be managed and operated independently from other divisions.

For more details on strategic business unit kindly check

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3 years ago

Orange Corporation has budgeted sales of 26000 units, targeted ending finished goods inventory of 6000 units, and beginning fi

bonufazy [111]

Answer:

29,000 units

Explanation:

The computation of the number of units produced next year is shown below:

Number of units produced next year = Ending finished goods inventory units + budgeted sales units - beginning finished goods inventory units

where,

Ending finished goods inventory units is 6,000 units

Budgeted sales units is 26,000 units

And, the beginning finished goods inventory units is 3,000 units

So, the number of units produced is

= 6,000 units + 26,000 units - 3,000 units

= 29,000 units

We simply applied the above formula

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3 years ago

Discuss ten (10) different purposes of an evaluation of salesperson performance and how each purpose affects the performance eva

ololo11 [35]

Answer:

1. To ensure that compensation and other reward disbursements are consistent with actual performance

2. To identify salespersons who needs to be promoted

3. To identify salespersons who should be fired/terminated

4. To determine the specific training and counseling needs of individual

5. To provide information for effective human resource (Succession) planning

6. To identify criteria that can be used to recruit and select salespersons in the future

7. To advise salespersons of work expectations

8. To motivate salespersons

9. To help salespersons set their career goals

10. To enhance effective communications between salesperson and sales manager

Explanation:

How each purpose affects the performance evaluation process

1. To ensure that compensation and other reward disbursements are consistent with actual performance

Compensation and rewards affects the performance and it should be on the merit.

2. To identify salespersons who needs to be promoted

Promotion shall be given on the basis of evaluation

3. To identify salespersons who should be fired/terminated

Termination should be on the basis of performance evaluation

4. To determine the specific training and counseling needs of individual

Training shall be provided on the basis of evaluation

5. To provide information for effective human resource (Succession) planning

Succession planning should be on the basis of performance evaluation so that the exceptional performers must be retained,

6. To identify criteria that can be used to recruit and select salespersons in the future

It helps in understanding the factors that will be useful to recruit and select salespersons

7. To advise salespersons of work expectations

On the basis of evaluation, it will be decided to communicate the work expectations

8. To motivate salespersons

It will help in understanding the factors which motivate the salespersons

9. To help salespersons set their career goals

Salespersons will understand about their future and set their career goals.

10. To enhance effective communications between salesperson and sales manager

It will help to communicate effectively about the expectations of salesperson and sales manager and better coordination

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4 years ago

Public debt includes debt that is held by:________

ELEN [110]

The answer is Public debt includes debt that is held by the social security Administration.

Public debt is the total amount, including total liabilities, borrowed by the government to meet its development budget.

What is Public debt?

Public debt has to be paid from the consolidated fund of India. It is also used to refer overall liabilities of central and state governments, but the union government clearly distinguishes its debt liabilities from the state.
The sources of public debt are dated government securities (G-Secs), treasury bills, external assistance, and short term borrowings.
However, if the public debt is calculated as government liabilities, which also includes the liabilities of states.

To learn more about Public debt

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1 year ago