Answer:
Policy.
Explanation:
In this scenario, although it was not explicitly noted in the employee handbook, Jennie was told at the start of her internship that employees are expected to dress in business casual attire each day. This dress code is a policy of the organization.
Policy can be defined as a set of idea, rules, guidelines or plan which determines the principles or course of action of an organization. The main purpose of the policy being defined in an organization is to provide rational values or outcomes and to guide the decisions of the employees working in an organization.
Answer and Explanation:
The journal entry to record the establishment as follows:
On Sep 1
Petty cash Dr $300
To Cash $300
(being the establishment of the fund is recorded)
Here the petty cash would be debited and cash would be credited so that the proper recording could be done
Answer:
The net cash provided by investing activities on the statement of cash flows will be $106,000
Explanation:
Investing activities include all the cash transactions incurred for the fixed asset of the company.
The net cash provided by (used in) investing activities can be calculated as follows
Net cash provided by (used in) investing activities = Sale of long-term investment + Collection by McCorey of a loan made to another company
Where
Sale of long-term investment = $60,000 ( Cash inflow )
Collection by McCorey of a loan made to another company = $46,000 ( Cash Inflow )
Placing values in the fomrula
Net cash provided by investing activities = $60,000 + $46,000 = $106,000
Answer:
Not produce any additional roast beef sandwich
Explanation:
Allocative efficiency is reached when the marginal benefit or producing one more unit of output equals the marginal cost.
Allocative efficiency - Marginal Benefit (MB) = Marginal Cost (MC)
For this local deli, producing one more roast beef sandwich has a marginal benefit of $2, and a marginal cost of $3, we have:
MB = MC
$2 = $3
For the local deli, in this situation there is no allocative efficiency because the marginal cost is higher than the marginal benefit, therefore, the firm should not produce any additional roast beef sandwiches.
