This is an example of employee empowerment. This is giving
employees a positive degree of independence and accountability for
decision-making on the subject of their detailed organizational tasks. It lets
decisions to be completed at the lower levels of an organization where workers
have an exclusive view of the subjects and difficulties facing the organization
at a certain level.
The adjusting entry for the sale of debt securities by Jerome Incorporated on December 30, is as follows:
<h3>Adjusting Journal:</h3>
December 31:
Debit Cash $7,000
Credit Investment $6,500
Credit Gain on Sale of Investment $500
- To record the sale of debt investment (part) and the gain therefrom.
<h3>What is an adjusting entry?</h3>
An adjusting entry is the journal entry made at the end of the financial year to ensure compliance with the accrual concept and the matching principle of generally accepted accounting principles.
An adjusting entry does not include the initial investment transaction made by Jerome Incorporated.
<h3>Transaction Analysis:</h3>
Dec. 30:
Cash $7,000 Investment $6,500 Gain on Sale of Investment $500
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Answer:
- communicate and deliver its positioning strategy
- define its positioning strategy
Explanation:
The wood shop company after identifying competitive advantage, they need to define their positioning strategy it will help them to learn about the market, customers and their competitors. After clearly understanding their positioning, they must communicate and understand the market dynamics to attain short-term and long term growth.
Answer:
$1.89 per machine hour
Explanation:
With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.
Standard maintenance cost = $ 13,680 - $450
= $13,230
Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;
= $13,230 / 7,000
= $1.89
Therefore, the cost was $1.89 per machine hour.
