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Verizon [17]
3 years ago
12

For each example presented below, identify the managerial skill being illustrated.

Business
1 answer:
olga2289 [7]3 years ago
4 0

Question Completion with Options:

1. Interactional Fairness

2. Distributive Fairness

3. Procedural Fairness

4. Trust

Answer:

1. Managerial skills being illustrated in each of the examples presented:

a. Trust

b. Interactional fairness

c. Distributive fairness

2. 1. First impression bias

Explanation:

Trust: Here, Charles showed a lack of trust in one of his colleagues who was a gossip.

Interactional fairness: The quality of time spent interacting with another person can improve perceptions and relationships.

Distributive fairness: This involves a comparison of outcome with the cost incurred to earn the benefit.

Procedural fairness requires fairness in decision-making without bias.

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The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).
Alex_Xolod [135]

The expenditure approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP). The expenditure method is the most widely used method when trying to estimate GDP. GDP stands for Gross Domestic Product which refers to the total value of goods and services that are provided in a country over the period of one year.

7 0
3 years ago
Read 2 more answers
Bufford Corporation had reported the following amounts at December 31, 2022: sales revenue $184,000, ending inventory $11,600, b
Ronch [10]

Answer:

Option (b) $74,100

Explanation:

Data provided in the question:

Sales revenue = $184,000

Ending inventory = $11,600

Beginning inventory = $17,200

Purchases = $60,400

Purchase discounts = $3,000

Purchase returns and allowances = $1,100

Freight-in = $600

Freight-out = $900

Now,

Cost of goods available for sale

= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances

= $17,200  + $60,400 + $600 - $3,000 - $1,100

= $74,100

Hence,

Option (b) $74,100

5 0
3 years ago
ABC company uses the equity method to account for its 40% interestt in voting stock of XYZ company. ABC paid $5,000,000 for inve
frutty [35]

Answer:

the end of year book value would be $5,160,000.

Explanation:

given data

equity method to account = 40%

ABC paid investment = $5,000,000

total book value = $6,000,000

solution

when there are more than 20% stake in other company

than we apply equity method

so here we use  

Amount of investment                                                           = $5,000,000

Share in net incom  (600,000 x 40%)                                  = $240,000

Share in the dividend (200,000 x 40%)                               = -$80,000

Book value at the end of the year                                         = $5,160,000

So the end of year book value would be $5,160,000.

3 0
3 years ago
On November 1, Bahama National Bank lends $4 million and accepts a six-month, 6% note receivable. Interest is due at maturity. R
UkoKoshka [18]

Answer:

11/01

Dr Notes Receivable 4,000,000

Cr Cash4,000,000

12/31

Dr Interest receivable 40,000

Cr Interest revenue 40,000

Explanation:

Preparation of the journal entry to Record the acceptance of the note and the appropriate adjustmentfor interest revenue at December 31, the end of the reporting period.

11/01

Dr Notes Receivable 4,000,000

Cr Cash 4,000,000

12/31

Dr Interest receivable40,000

Cr Interest revenue 40,000

Calculation for Interest Revenue using this formula

Interest Revenue =Face Amount *Interest Rate *Time Period

Let plug in the formula

Interest Revenue= 4,000,000 x .06 x 2/12

Interest Revenue = 40,000

4 0
3 years ago
All of the following statements are true about marginal cost except I. marginal cost increases as production expands. II. when m
rewona [7]

Answer:

III. when marginal cost is above average cost, average cost is constant.

Explanation:

Marginal Cost (MC) is the addition to total cost , when an additional variable factor is employed. MC = TCn - TCn-1

Average Total Cost AC is the Total (Fixed &Variable Cost) per unit variable factor employed. AC = TC / Q

MC AC relationship : <u>MC > AC - AC rise</u> ; MC < AC - AC fall ; MC = AC - AC minimum. '3rd' is opposite to the 1st underlined MC AC relationship.

2nd & 4th are other right components of MC AC relationship.  MC < AC - AC fall ; MC = AC - AC minimum (MC cuts AC at its minimum)

1st is also correct as when more variable factors are employed - total cost first increases at a decreasing rate (MC falls) & then it increases at an increasing rate (MC rises).  MC curve cuts AC curve at its minimum (MC = AC - AC minimum)

6 0
4 years ago
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