Pierre engaging in such actions is known as rationalizing.
When a person rationalizes a decision they:
- <em>T</em><em>ry to prove that what they did isn't bad </em>
- <em>C</em><em>ome up with some sort of reasoning to support their decision </em>
Pierre is clearly doing something wrong here by increasing expenses more than they are supposed to be. He however convinces himself that what he is doing is not bad because no one will notice.
He is therefore coming up with reasons to prove that what he is doing is not bad and we can conclude based on this fact that he is engaged in rationalizing his behavior.
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Answer: 10.46
Explanation:
To answer this we can use the Constant Growth Model of Stock Valuation. The formula is,
P = D1/(r-g)
Where,
P is the current price,
D1 is the next dividend
g is the expected growth rate in the dividend,
and r is the required rate of return for the company.
Seeing as we have everything else and it is the required return that we seek, let us make 'r' the subject of the formula.
P = D1/(r-g)
P(r-g) = D1
r-g = D1/P
r = D1/P +g
So,
r = 2.95/ 49.50 + 0.045
= 0.10459595959
= 10.46%
the required return is 10.46%
The owner will give the worker a certain percent of the income and the owner will take the rest
Explanation:the owner will give the worker a certain amount from the income he get he might give the employe 2% of what the income is each day or month of might give them a salary base on how much profit the worker contribute but the owner will alway be able to take the rest of the income after tax.
Answer: e. none of these answers are correct.
Explanation:
Going by the accrual basis in Accounting, expenses should be recorded only when incurred.
Rent expense for the year therefore will be the rent incurred for the year which is for the month of December alone in this question as the rent was paid on December 1.
The rent for December will be deducted from the Prepaid expense account.
Rent per month is;
= 16,212/6
= $2,702 per month
Correct entry will be;
Date Details Debit Credit
Dec. 31 Rent Expense $2,702
Prepaid Rent $2,702
Answer:
A periodic inventory method is a method where the inventory account is adjusted at the end of each accounting period and not continuously as with the perpetual method. All inventory purchased is recorded to a purchases account. Cost of goods sold is calculated by adding purchases to beginning inventory and then subtracting ending inventory. The following journal entries are examples of how to account for inventory under a periodic management method.
explanation: