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3 years ago

What is the collective responsibility? How is it useful?

1 answer:

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Answer: Collective responsibility is the convention whereby individual members of the government are held accountable for the actions and decisions of the government as a whole. It is a constitutional convention that has existed since the 18th century and is considered a cornerstone of cabinet government. It is important because if a minister takes a wrong decision he has representatives that can tell them that correction of rules should be held.

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course blueWells Fargo, one of the largest banks in the United States, uses a robust CRM system to manage its 70 million individ

Misha Larkins [42]

Answer:

See answer and explanation below.

Explanation:

Generally, customer relationship management (CRM) is a technology that companies employ to manage their relationships and interactions with the existing customers and potential ones.

Other information Wells Fargo’s CRM system can tell the company include:

1. It provides information that can support it marketing strategy and sales.

2. It shows the most profitable customer of the bank and suggests technique to employ in order to improve product offering to these set of customers.

3. It identifies and provides information on different customer segment and improve the customer experience.

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3 years ago

Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective contai

Dennis_Churaev [7]

Answer:

a. Dr Cash $948,000

Cr Liability for refundable deposits $948,000

b. Dr Liability for refundable deposits $873,000

Cr Cash $873,000

c. Dr Liability for refundable deposits $42,750

Cr Sale of containers $42,750

d. Dr Cost of goods sold $42,750

Cr Inventory of containers $42,750

2. $655,250

Explanation:

1. Preparation of Journal entries

Based on the information given we were told that the deposits collected on containers that were shipped was the amount of $948,000 which means that the Journal entry will be:

a. Dr Cash $948,000

Cr Liability for refundable deposits $948,000

b. Based on the information given we were told that the amount of $873,000 was refunded which means that the Journal entry will be :

Dr Liability for refundable deposits $873,000

Cr Cash $873,000

c. Based on the information given we were told that the deposits forfeited were the amount of $42,750 which means that the Journal entry will be :

Dr Liability for refundable deposits $42,750

Cr Sale of containers $42,750

Dr Cost of goods sold $42,750

Cr Inventory of containers $42,750

2. Calculation to Determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet.

Liability for refundable deposits, January 1, 2021 $623,000

Add: Deposits received during 2021 $948,000

Less: Deposits returned during 2021 ($873,000)

Less:Deposits forfeited during 2021 ($42,750)

Balance, December 31, 2021 $655,250

Therefore the liability for refundable deposits to be reported on the December 31, 2021, balance sheet will be $655,250

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3 years ago

Morris Company had the following adjusted trial balance:

kondaur [170]

Answer:

$38,100 ; $45,600 and $0

Explanation:

The computation is shown below:

For amount transferred from the income summary account to the Retained Earnings account in the third closing entry i.e net income or net loss

As we know that

Net income = Total revenues - total expenses

Commission revenue $49,700

Rent revenue $7,300

Less: expenses

Depreciation expense - $5,200

Utilities expense -$8,600

Supplies expense -$5,100

Net income $38,100

The balance in retained earning account is

= Opening retained earning balance + net income - dividend paid

= $22,500 + $38,100 - $15,000

= $45,600

And, the balance in depreciation expense account is zero as this depreciation expense account is closed while closing the expenses account i.e utilities expense, supplies expense and depreciation expenses

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3 years ago

Hill Country BBQ can further process 3,200 pounds of regular brisket to produce GoldStar Prime (G.P.). Regular is currently sell

KIM [24]

Answer:

$4,800

Explanation:

The differential total net revenue is the difference between the revenue generated from selling 3,200 pounds of GoldStar Prime to the revenue generated from selling 3,200 pounds of regular brisket.

Regular brisket revenue (R):

$R = 3,200*(\$7-\$3)\\R=\$12,800$

GoldStar Prime revenue (G):

$G = 3,200*(\$11-(\$3+\$2.50))\\G=\$17,600$

The differential Total Net Revenue (D) is:

$D= G - R\\D = \$17,600-\$12,800\\D=\$4,800$

The answer is $4,800

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3 years ago

Keith and his team,employees of an online retailing company,are being trained on cyber surveillance and user security.As part of

GenaCL600 [577]

Answer: Action learning

Explanation:

From the question, we are informed that Keith and his team, employees of an online retailing company, are being trained on cyber surveillance and user security and as part of their training, they are working to identify a solution to the problem of cyber-phishing and data breaches.

The method used is action learning. This means that the group will get an actual problem, solve it, plan and the results will be shown to the team and the organization.

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3 years ago

What is the collective responsibility? How is it useful?​

What is the collective responsibility? How is it useful?