Answer: $47,900
Explanation:
From the question, we are told that part of the initial investment, Ray Blake contributes equipment that had originally cost $96,100 and on which accumulated depreciation of $72,075 has been recorded.
We are further told that assuming similar equipment would cost $164,400 to replace and the partners agree on a valuation of $47,900 for the contributed equipment, we are told to calculate the amount that would be debited to the equipment account.
It should be noted that in a partnership, when the partners contribute an asset, during the recording of the asset in the partnership book, it is recorded based on the agreed valuation price.
In this case, the partners agree on a valuation of $47,900 for the contributed equipment. Therefore, the amount that should be debited to the equipment account will be $47,900.
The best is to ask Julia to sit down and discuss with her the issue by asking her to support her ideas (first option).
<h3>What is this conflict about?</h3>
In this situation, you are having an argument with an employee or colleague and this argumentseems to have got out of control.
<h3>What should you do?</h3>
Instead of continuing arguing, calm down and ask Julia to do the same. Then sit down with Julia, acknowledge her contribution to the company but ask her to better support her ideas.
Learn more about conflicts in brainly.com/question/12832202
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Answer:
The market price is below what some consumers are willing to pay for the product.
Explanation:
Consumer surplus refers to the benefit that a consumer can get by purchasing the product. It is the difference between the consumer's willingness to pay for the product and the price actually paid by the consumer for the product.
Consumer surplus = Consumer's willingness to pay - Market price
Whenever consumer's willingness to pay is higher than the market price, then consumer surplus is out to be positive.
Answer:
d. a prior period adjustment.
Explanation:
Correction of the error when discovered in the next year should be treated as a prior period adjustment. This is basically because the error was already recorded in the past financial report. Since these reports are final and cannot be changed, then the correction to this error needs to be implemented in the next year's financial report and would reflect on that year's income taxes. The process of doing this is known in accounting as a prior period adjustment
Answer:
Firstly i will discuss General electric philosophy. So, what happens is sometimes when you don't put pressure on managers then they become lethargic and slow. For this matter they needs reminder to stay on tip of their game. But at the same time its demotivating too.
Secondly, in Valero energy they believe in psychological safety, to make their employees feel secure and safe. It has great impact on employee performance.
Actually, company's performance is not measured by profit and loss alone. It also measures by other factors like employee safety, employee motivation, impact of policies on employees and bringing positive addition to the life of employee.
General electric is high performing company in terms of profit and revenue. They follow negative reinforcement philosophy.
Both concepts eargs the employees to perform better. But one approach is better i.e to make them feel secure and make them believe that company cares for their career, future and well being. That actually motivates the employee. In return employees works wonders for that company.
In latest HR practices, many professionals are shifting from General electric philosophy to Valero energy philosophy. Because it increases productivity of employee by positive reinforcement. Which actually is better.
