Answer:
The journal entry is shown below.
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Journal entry
Jul.4 Cash A/c Dr $147
Card charges A/c Dr. $3
To Sales revenue A/c $150
(Being card transaction is recorded)
Computation:
Cash = $150 - 2% × $150 = $147
Card charges = $150 × 2% = $3
Answer: Option b
Explanation: In simple words, it refers to an arrangement under which one entity allows the other entity to use its procedures and brand name for the business in return of any loyalty or other such benefits.
In the given case, Gerald wants to operate his business globally and not eager to control all of it.
Hence from the above we can conclude that franchising is the best option for Gerald.
According to research, dealing with a boss is the hardest part of working for 60 percent of employees. The study of professional interactions is focused on superior-subordinate relationships.
<h3>
Superior-subordinate relationships</h3>
On this topic, a great lot has been written and a great many investigations have been done. In earlier writing and study, first-line supervisors and their employees received a lot of attention. This chapter will primarily focus on the relationships between managers and people who are hired for their brains, also known as "knowledge workers," as well as between superior-subordinate relationships within the management structure. The goal of this chapter is to provide a quick overview of the issues surrounding the superior-subordinate relationship, to explore what research has found about them, and to discuss how the structure of the organization can influence how this relationship develops. It emphasizes interpersonal connections rather than the relationship between a supervisor and a group of subordinates.
Learn more about superior-subordinate relationship here:
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B.
b. Because some are getting more money, while others still get low income. Which means it is unequal.
Hope it helped!
Answer:
a) MRP = $450
MRC = $300
b) MRP = $450
MRC = $600
No
Explanation:
a) Marginal revenue product (MRP) is the change in revenue created due to an increase in resources.
MRP = Revenue change / additional input
The revenue change as a result of adding one vehicle= 1500 packages/day * $0.3 = $450. The additional input is 1 vehicle
MRP = Revenue change / additional input = $450 / 1 = $450
Marginal revenue cost (MRC) is the change in cost as a result of additional resource.
MRC = Change in resource cost / additional input
Since adding a vehicle is rented at $300/day, the Change in resource cost is $300.
MRC = $300 / 1 = $300
b) MRP = Revenue change / additional input = $450 / 1 = $450
MRC = Change in resource cost / additional input = $600 / 1 = $600
The firm should not add a delivery vehicle because the MRC exceeds the MRP, therefore the firm would be at a loss
