Answer:
Debit : Account Payable $1,600
Credit : Discount Received $32
Credit : Cash $1,568
Explanation:
The correct journal entry to record the payment on July 28 includes a Debit to Accounts Payable and Credit to Discount and Cash. Cash should be after returns and discount received.
Answer:
The adjusted trial balance is prepared after adjusting entries have been recorded and posted.
Explanation:
Only the adjusted trial balance is accurate and more up to date than an unadjusted trial balance and must be used to prepare financial statements.
The adjusted arise from the end of reporting period adjustment such as inventory valuation and errors that might have been identified during the reporting period.
Answer:
False
Explanation:
The opportunity cost is the cost that an economy faces when people decide to do something and not doing another thing. In this case, the opportunity cost of producing butter is not producing guns and in the same way, the opportunity cost of producing guns is to not produce butter. Then, if the economy produces more butter, the opportunity cost in terms of guns increases because resources are being used in butter and not in guns.
For example:
I have 20 units of resources and to produce 1 gun or 1 butter I spend 1 unit of those resources. If I was producing 15 butters and 5 guns and then I increase butter production to 18, the opportunity cost in terms of guns is that I am producing 3 guns less, my cost is 3 guns less. If I decide to increase the butter production to 19 units, my cost is 4 guns less.
In the same way, if the economy produces more guns, the opportunity cost in terms of butter increases because resources are being used in guns and not butter. Thus, it is false that as more guns are produced, the opportunity cost of guns in terms of butter decreases. As more guns are produced, the economy is sacrificing more units of butter, then the opportunity cost, in terms of butter, increases.
Answer:
The correct answer is the option A: creating an organizational culture that rewards listening.
Explanation:
On one hand, the term <em>organizational culture</em> is the name given to refers to the combination of beliefs, values, behaviors and more that form the unique social and, most important, psychological environment of an organization. It basicaly describes the way that things are done inside the organization and how they manage to handle specific situations, according with the ethics of the organization already established.
On the other hand, the CEO Ronald is trying to build teamwork by improving the listening process from the superiors to the workers of every level so in that way he teaches the importance of being heard and being part of the company no matter the position of the worker. It is understandable that <em>he enforces the organizational culture of the company by creating and environment where every person has something important to say and therefore they need to be listen. </em>
