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3 years ago

Select the scenario that best describes the recommended approach for developing team goals.

Business

1 answer:

aleksley [76]3 years ago

5 0

Answer:

d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.

Explanation:

Development of team goals is most effective when the set targets are effectively being achieved by the team as a whole.

This entails that each team member contribute their own quota to the process.

The whole team is now involved in execution of planned actions.

The best statement that portrays this is: Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.

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Martin Company needs additional time to pay its accounts payable to Boster Company. Martin makes a written promise to pay Boster

Anika [276]

The answer, on the point of view of Boster, is A. Debit notes receivable and credit accounts receivable (not payable i think). This is from the point of view of Boster. So to Boster, he will have an accounts receivable by Martin company. So what Martin did is that he offered a promissory note to Boster. This will increase Boster's notes receivable. At the same time, this will also lessen Boster's accounts receivable since this turned into a notes receivable.

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3 years ago

Why was it sometimes difficult to balance a checking account to a statement?

Juliette [100K]

Because sometimes the check written after the statement closing dates.

Lets say a company do a closing statement on December 26.

A check written between that date until the end of period ( December 26 - December 31), that transaction simply won't appear on the book because the company already closed the statement on December 26

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3 years ago

XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 D

Zanzabum

Answer:

Complete question is:

XYZ Company recorded the following information related to their inventory

accounts for 2020:

January 1, 2020 December 31, 2020

Direct materials 37,000 50,000

Work in process 38,000 41,000

Finished goods 22,000 34,000

The following information was taken from XYZ Company's accounting records

for 2020:

Sales revenue ........................................... $630,000

Direct materials purchased .............................. ?

Depreciation, factory equipment ......................... 34,000

Prime costs ............................................. 250,000

Utilities (60% for factory; 40% for office building) .... 20,000

Sales commissions ....................................... ?

Indirect materials ...................................... 25,000

Depreciation, office equipment .......................... 30,000

Rent, factory building .................................. 56,000

Net income .............................................. 10,000

Direct labor ............................................ ?

Advertising ............................................. 75,000

Production supervisor's salary .......................... 81,000

Additional information:

1. Direct labor comprised 35% of the conversion costs for 2020.

2. The actual overhead cost for 2020 was equal to the overhead applied

to production. Thus there was no overhead variance for 2020.

A) Calculate XYZ Company's direct labor cost for 2020.

B) Calculate the direct materials purchased by XYZ Company in 2020.

C) Calculate XYZ Company's sales commissions for 2020.

Answer is:

a) Total overhead = 34000+12000+25000+56000+81000 = 208000

Direct labor = 208000*35/65 = 112000

b) Direct material used = 250000-112000 = 138000

Direct material purchase = 138000+50000-37000 = 151000

c) Sales and administrative expense other than sales commission = 113000

Sales commission = 630000-443000-113000-10000 = 64000

Explanation:

7 0

4 years ago

2. Ernesto purchased a used car for $6800. He paid 64% sales tax. How much tax did he pay?

Oxana [17]

6800*.64= 4352

Ernesto payed $ 4352 in tax

4 0

3 years ago

Walmart has developed a sophisticated inventory management and cost control system that allows rapid price changes for each prod

finlep [7]

Answer:

A. Radio Frequency Identification

Explanation:

The use of radio frequency identification is to ensure a timely identification of people or objects.

The technology uses radio waves to identify people or objects. There is a device that will be used to read information contained in a wireless device or tags from a distance without making physical contact or requiring a line of sight.

6 0

3 years ago