Answer:
The store manager must decide to buy 3
Explanation:
Given that:
- The first: $200 a year
- The second $150
- The third $75,
- The fourth $50
- Interest rate is 12 percent
- Investment: $500
As we know that the rate of return will be: Income / Investment
So the rate of return of:
- The first: $200 / $500 = 0.4 = 40%
- The second $150 / $500 = 0,3 = 30%
- The third $75 / $500 = 0.15 = 15%
- The fourth $50 / $500 = 0.1 = 10%
Only three rug cleaners have the rate of return greater than the interest rate so the store manager must decide to buy 3
Answer: See explanation
Explanation:
The journal entry to correct the errors is given below:
a. Dr Cash $8400
Cr Account receivable $8400
b. Dr Supplies $2500
Cr Office equipment $2500
Dr Supplies $2500
Cr Account Payable $2500
Note that the first entry that's given in (b) above reverses the incorrect entry. On the other hand, the second entry simply records the correct entry.
Answer:
<em><u>The answer is</u></em>: <u>d. The practice by which the managers of a company show favoritism to their own relatives and close friends</u>.
Explanation:
<u>Nepotism</u> <em>is the exaggerated predilection that some active civil servants who hold public office have regarding their family, relatives and friends when making concessions or hiring state employees</em>. In these cases, the individual who accesses a public job achieves the objective by its proximity and loyalty to the ruler or official in question, and not by his own merit or ability.
<em><u>The answer is</u></em>: <u>d. The practice by which the managers of a company show favoritism to their own relatives and close friends</u>.
