Answer:
Corrected Entry
Depreciation Expense$5,500 Dr
Income Summary $5,500 Dr
Accumulated Depreciation – Equipment $11,000 Cr
Explanation:
Entry Posted
Accumulated Depreciation – Equipment $5,500 Dr
Income Summary $5,500 Cr
Required Entry
Depreciation Expense$5,500 Dr
Accumulated Depreciation – Equipment $5,500 Cr
Corrected Entry
Depreciation Expense$5,500 Dr
Income Summary $5,500 Dr
Accumulated Depreciation – Equipment $11,000 Cr
This entry is made to correct the actual entry done. In this entry the depreciation expense is debited and accumulated Depreciation is credited with twice the original value to counter effect the wrong entry . Also income summary is debited with the amount wrongly credited.
Answer: Differentiation vs Integration environment
Link between strategy, structure and culture
Mechanistic vs Organic environment
Explanation:
Differentiation and integration environment
Differentiation looks at how an organization is being divided as regards functional areas and departments while integration looks at how a firm operates at the component level ie inter-deparment. A firm that seeks to survive must find a way to balance the two.
Link between strategy, structure and culture.
Strategy is all about the firm's long term vision and plans and how management hope to actualize them. Structure refers to the way the organization function; its chain of command. Culture refers to the shared values within the organization. The relationship between these three concepts is key.
Mechanistic vs Organic environment
The mechanistic environment is more suitable for a organization that is in a stable environment as it is rigid. An organic environment is more dynamic and will fare better in an unstable environment since it can easily cope with changes.
Answer:
Her rate of commission is 2 percent
Explanation:
Commission= $4800
Sale of property = $240,000
Rate of commission = (Commission/ Sale Of Property )* 100
Rate of commission= $ 4800/ $ 240,000 * 100
Rate of commission= 0.02 * 100
Rate of commission= 2%
The above solution can be checked by putting in the values of percent and commission
(Check)
2% of $ 240,000
= (2/100) * $ 240,000
= 2* $2400
= $ 4800
Thus 2 percent of $ 240,00 is equal to $ 4800
Answer:
b) Offer similar loans to the poor.
Explanation:
Muhammad Yunus is a Bangladeshi economist, and civil society leader who was awarded the Nobel Peace Prize for the concepts of microcredit and microfinance, which provided loans to entrepreneurs too poor to qualify for traditional bank loans. According to my research on Yunus's teachings, I can say that based on the information provided within the question his success created an incentive for other banks to offer similar loans to the poor.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
PV of the six year annuity = $201,923.57
Explanation:
<em>This is an example of an advanced annuity. A series of constant amount receivable for certain number of years with first one occurring immediately.</em>
Present Value of the annuity for the next five years=
A× 1- (1+r)^(-n)/r
A- annual cash flow, n- number of period, r-interest rate per period
A- 43,000, r- 11%, n- 5
=43,000× (1- 1.11^(-5))/0.11
=158,923.57
The first cash flow of 43,000 occurs immediately , hence it is already discounted. Hence the PV of the total cash flows would be the sum of the PV of the next five year cash flows and the one received now.
Hence,
PV = 158,923.57 + 43,000= 201,923.57
PV of the six year annuity = $201,923.57
