A. Affordability of Retirement
Answer:
Jim C. Collins.
Explanation:
Jim C. Collins is a writer and researcher who identifies five levels of leadership: executive, effective leader, competent manager, contributing team member, and highly capable individual. He was an American writer, speaker and researcher born on the 25th of January, 1958. Most of his notable works were on organizational sustainability, business management and growth.
On the 16th of October, 2001, Jim Collins published a book on business management titled "Good to Great" where he talked about why some companies make the leap and others do not. Each of the five levels of leadership according to Jim Collins are;
1. Highly capable individual.
2. Contributing team member.
3. Competent manager.
4. Effective leader.
5. Great leader.
All of the above. Taxes are used for each of these.
Answer:
Transactions:
1. June 1 Monthly invests $4,000 cash in exchange for shares of common stock in a small welding business.
2. June 2 Purchases equipment on account for 1,200.
3. June 3 $800 cash is paid to landlord for June rent.
4. June 12 Bills P. Leonard $300 after completing welding work done on account.
Journal Entries:
1.
June 1 Dr. Cr.
Investment $4,000
Cash $4,000
2.
June 2 Dr. Cr.
Equipment $1,200
Account Payable $1,200
3.
June 3 Dr. Cr.
Rent Expense $800
Cash $800
4.
June 12 Dr. Cr.
P. Leonard (Receivable) $300
Welding Service Revenue $300
Trading with other nations allows consumers to buy goods n services at alower cost