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3 years ago

Question 6 of 10

Business

1 answer:

Arisa [49]3 years ago

3 0

Answer:

Explanation:

Organisational culture can be described as as shared beliefs and practices that inform the best way to behave in an organisation.

Types of Organisational culture

1. Clan culture : it emphasizes teamwork among employees in the organisation

2. Adhocracy culture - emphasises and promotes risk taking in the organisation

3. Market culture - emphasises and promotes competition and innovation in the organisation

4. Hierarchy culture - emphasise a defined structure and stability in the organisation

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See the "zane corbin, accounting major" case for this question. given the facts available in this case, do you believe the upchu

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2 years ago

6. Assuming the partial billing was approved for payment and the expenditure and liability (contracts payable) was recorded for

jenyasd209 [6]

Answer:

Option A, Credit to Cash, $560,000

Explanation:

As per the data given in the question,

Expenditure and liability = $700,000

Retaining percentage = 20%

Assuming the partial billing was certified for expenses and payments and liability was approved for amount $70,000. Though, Oxford has a policy not to pay 100 percent, but to retain 20 percent as a retained percentage.

So, $700,000 - $700,000 × 20%

= $700,000 - $140,000

= $560,000

Therefore, The entry to record the approved payment and retained percentage would include:

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3 years ago

Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi

erastovalidia [21]

Answer:

The correct answer is option A.

Explanation:

Sophie is willing to sell a textbook for $30, while Ruby is willing to purchase it for $60. Both negotiate and agree on a price of $45.

The gain for Sophie will be the difference between the minimum price she was expecting and the price she gets for the textbook.

Gain for Sophie

= $45 - $30

= $15

The gain for Ruby will be the difference between the maximum price she was willing to pay and the price she actually paid.

Gain for Ruby

= $60 - $45

= $15

So, both of them have a gain of $15 from trade.

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3 years ago