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forsale [732]
3 years ago
10

A Michigan State University student spends his summer months in his hometown, where he works for a local micro-brewery during th

e evening hours. In the late morning, he attends the local community college, where he takes a summer course that he knows will transfer back to MSU. Although he finds the courses just as challenging as his regular university, he does not worry about his summer grades affecting his 3.2 (out of 4.0) grade point average, because MSU only accepts the transfer credits. As long as he receives C grade or better, he maintains his current grade point average. Which of the following theories suggests that the student will only work as hard as necessary to earn a "C" grade?A) Expectancy TheoryB) Objective-setting TheoryC) Equity TheoryD) Maslow’s Theory
Business
1 answer:
murzikaleks [220]3 years ago
6 0

Answer: Expectancy theory

Explanation:

The theory that suggests that the student will only work as hard as necessary to earn a "C" grade is the expectancy theory.

Expectancy theory states that an individual will act in a particular way due to the fact of what they believe will be the result of the behavior that they selected and thereby will select a particular behavior above orhers.

Here, the student simply selects his work above the school grade because he believes that a C is enough for him. Therefore, the answer will be expectancy theory.

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What is the present value on January 1, 2019, of $30,000 due on January 1, 2023, and discounted at 10% compounded annually? $ 95
Lisa [10]

Answer:

$20,490.3

$26349.24

Explanation:

Data provided in the question:

Future value of the amount due on January 1, 2023 =  $30,000

Discount rate, r = 10% = 0.10

Time, n = 4 years          [from 2019 to 2023]

Now,

Future value = Present value × (1 + r)ⁿ

thus,

$30,000 = Present value × (1 + 0.1)⁴

or

$30,000 = Present value × 1.4641

or

Present value = $20,490.3

Case 2:

Future value of the amount due on January 1, 2023 =  $40,000

Discount rate, r = 11% = 0.11

Time, n = 4 years          [from 2019 to 2023]

Now,

Future value = Present value × (1 + r)ⁿ

thus,

$40,000 = Present value × (1 + 0.11)⁴

or

$40,000 = Present value × 1.51807041

or

Present value = $26349.24

4 0
3 years ago
The following account balances appear in the 2018 adjusted trial balance of Blue Devils Corporation: Cash, $4,800; Accounts Rece
lbvjy [14]

Answer:

Cash                            4,800

Accounts Receivable 8,800

Supplies                      18,800

Total Current              32,200

Equipment                  118,000

Acc Depreciation       (44,000)

Total non-current          74,000

Total assets                  106,200

Accounts Payable        25,800

Salaries Payable           15,800

Total Liabilities              41,600

Common Stock            58,000

Retained Earnins            6,400

<em>Total Equity                 64,600</em>

Total Assets + Liab     106,200

Explanation:

We solve this by appling the basic accounting equation:

Assets = Liabilties + Equity

First we solve for total assets.

Then we solve for the total amount of equity

and finally we clear for retained earnigns.

Cash                            4,800

Accounts Receivable 8,800

Supplies                      18,800

Total Current              32,200

Equipment                  118,000

Acc Depreciation       (44,000)

Total non-current          74,000

Total assets                  106,200

Accounts Payable        25,800

Salaries Payable           15,800

Total Liabilities              41,600

Common Stock            58,000

Retained Earnins     (64,600 - 58,000) = 6,400

<em>Total Equity (106,200 - 41,600) = 64,600</em>

Total Assets + Liab     106,200

8 0
3 years ago
The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and A. the a
7nadin3 [17]

Answer:

The correct answer is option A.

Explanation:

The demand for labor is said to be a derived demand as it is derived from the demand for products being produced using labor. It depends on the marginal productivity of labor and marginal revenue product of labor.

In other words, we can say that the demand for labor depends on the increase in the output produced due to hiring an additional unit of labor and the revenue earned from the sale of that additional output.

The demand curve of a firm is also called its marginal revenue product of labor curve. The marginal revenue product of labor is equal to the marginal product of labor times output price.

7 0
4 years ago
Cory issued a note to his creditor in exchange for an account. Cory records the transaction by debiting
Taya2010 [7]
The answer is D. a debit to accounts payable and a credit to notes payable. This is because Cory issued a note to his creditor as a promise that he will pay the creditor. With this, he will be gaining a Notes Payable, or a promissory note stating that he will pay, and will be losing an Accounts Payable. So according to the rules of accounting, if a liability is debited, then it will be lessened from the books of the business. If a liability is credited, however, then it will be added to the records of the business. 
3 0
4 years ago
Read 2 more answers
Clarion Corp. invested cash in a 6-month certificate of deposit (CD) on November 1, 2015. If Clarion Corp. has an accounting per
Ira Lisetskai [31]

Answer:

A is the correct option

Explanation:

Revenue or income is recognized based on accrual concept of accounting where revenue or income is recognized when earned and expenses when incurred not when received or paid in  cash.

As a result,on the 31st December Clarion Corp. has earned two months' interest on the 6-month certificate of deposit as it has invested for two months.

The correct option is A,Clarion recognizes interest revenue on 31st December ,2015 only.

It is also important to note that the since 2015 came to end the fraction of interest revenue relating to  year 2015 needs to be recognized by debiting accrued income account and crediting investment on the face of the income statement

5 0
3 years ago
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