BUSINESS HIGH SCHOOL

WeLoseThings, Inc. currently reports $500,000 of inventory on its trial balance. Management just performed an inventory count and found only $485,000 of inventory. What account should be debited to record this shrinkage?

Answers

Answer 1
Answer:

Answer:

Shrinkage expense

Explanation:

The journal entry is shown below:

Shrinkage expense A/c Dr $15,000

       To Inventory A/c $15,000

(Being the shrinkage is recorded)

The computation is shown below"

= Current inventory amount - actual inventory amount

= $500,000 - $485,000

= $15,000

Simply we debited the shrinkage expense account and credited the inventory account so that the correct posting can be done

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If rosa expects interest rates to fall for the next 10 years she should invest her money in a. one year CD
b. money market account
c. 10 year bonds
d.treasury bills

Answers

The answer is d. treasury bills

Treasury bills yielding no interest but you can get it at a discounted price.

Let's say you just have to pay $ 90,000 for  $ 100,000 ten years investment. It means you will gain 10,000 after 10 years eventhough the interest rates fall

The management at Bellows Inc. is faced with a strike threat from union members over a dispute concerning working hours for employees. The disputing parties approach a neutral third party to ensure that the discussions between them are moving forward. The third party, however, has no formal power over union representatives or over management. Which process is best exemplified in the scenario?

Answers

Answer:

mediation

Explanation:

Based on the scenario being described within the question it can be said that the process that is being exemplified in this scenario is known as mediation. This term refers to bringing in an impartial third party in order to assist two disputing parties towards resolving a specific conflict between them. This third part does not necessarily need to have any formal power but must be impartial in order to provide their unbiased opinion.

Answer:

C) conciliation

Explanation:

When a neutral third party gets involved in a collective bargaining dispute involving unions, it can be either a mediator or conciliator depending on the stage of the negotiations.

In this case, since the problem hasn't escalated yet to a strike or or a lockout, the third party involved is a conciliator. Generally a conciliator is called to help the company and the union to reach an agreement before things get complicated.

If the conciliator is not successful, and things start to get messy, then you have to call a mediator. Which can actually be the same person, but just as a medical examiner is a doctor that looks at dead people while a MD treats living people, a mediator gets involved once the fight starts while the conciliator tries to avoid it.

The primary financial goal of a corporation is shareholder wealth maximization, which involves maximizing the long-run value of the firm's stock and requires taking a long-run view of a firm's operations. To achieve their financial goals, firms must develop products that consumers want, produce the products efficiently, sell them at prices, and observe laws relating to corporate behavior.a. Apart from their financial goals, companies also focus on a wide number of non-financial goals including maximizing the welfare of their employees, efficiently and fairly serving their customers, and respecting their local community and environment.Select the statement that best completes the following statement: Most managers recognize that being socially responsible is important and generally (but not always consistent) with achieving their financial goals.b. As a result of financial scandals during the past decade, there has been a strong push to improve business ethics. Managers have an obligation to behave ethically, and they must follow the laws and other society-imposed constraints. Most managers recognize that being ethical is consistent with the corporation's primary goal.c. A stock's intrinsic value is an estimate of a stock's "true" value based on accurate risk and return data. It can be estimated but not measured precisely. When a stock's actual market price is equal to its intrinsic value, the stock is in equilibrium. The marginal investor's views determine a firm's actual stock price.

Answers

Shareholder Wealth Maximization, Intrinsic Values, and Ethics

Explanation:

The principle of shareholder wealth maximization (SWM) maintains that a highest possible return to shareholders is and therefore should be the objective of all multinational activity. From the point of view of financial management, the prices of the common shares of a company must be maximised.

People also compromise themselves for many other things, such as religion, their land, justice, knowledge, truth, art. or other items. All of these tasks convey the second feature of the value: they are valued for their own sake by someone.

Business ethics relates to the application of appropriate laws and policies on controversial issues.

PROJECT: USING ADVANCED FORMULASSuppose you own a small business with ten employees. Small businesses use spreadsheets for a variety of reasons.

OBJECTIVES
Create a spreadsheet to track payroll.
Directions
Create a spreadsheet to calculate the your company's payroll, or how much you pay each employee and the total you pay all employees.

You pay your employees every two weeks, and for the last two weeks, your employees worked the following hours:

Employee 1: 78
Employee 2: 75
Employee 3: 80
Employee 4: 45
Employee 5: 50
Employee 6: 80
Employee 7: 65
Employee 8: 60
Employee 9: 78
Employee 10: 75
Your spreadsheet should calculate:

the total hours worked for each employee
the gross pay for each employee (pay rate is $12.50 per hour)
the state income tax for each employee (use 5.7%)
the Federal income tax for each employee (use 15%)
Social Security for each employee (use 3.5%)
the net pay for each employee by subtracting the income tax and Social Security from the gross pay
the total gross pay, total state income tax, total Federal income tax, total Social Security, and total net pay paid to all employees
When you finish your spreadsheet, estimate your answers to check for accuracy. Make any necessary corrections. Use formatting techniques to make your spreadsheet easy to read. Upload your spreadsheet using the Upload tool in the box below.

Answers

Answer:

here you go edmentum

Explanation:

Final answer:

Creating a spreadsheet to track company payroll involves entering information such as hours worked, calculating gross pay, individual taxes, and net pay which is the remaining amount after all deductions. The total values for each column can be calculated using the SUM function. Make sure to format your data for easier reading and verify your inputs for accuracy.

Explanation:

To create a spreadsheet to calculate your company's payroll, follow the steps outlined below.

  • Label the columns: Employee ID, Hours Worked, Gross Pay, State Income Tax, Federal Income Tax, Social Security, and Net Pay.
  • Under Hours Worked column, input the hours worked by each employee. For example, Employee 1 worked for 78 hours.
  • Calculate the Gross Pay by multiplying hours worked by pay rate ($12.50).
  • Calculate State Income Tax by multiplying Gross Pay by 5.7%.
  • Compute Federal Income Tax by multiplying Gross Pay by 15%.
  • Compute Social Security by multiplying Gross Pay by 3.5%.
  • Finally, calculate the Net Pay by subtracting the total deductions (State Income Tax, Federal Income Tax, and Social Security) from Gross Pay.
  • To find the total of each column, use the SUM function at the bottom of each.
  • Use formatting techniques to make your data easy to read, such as bolding headers or aligning text.
  • After finishing, estimate your answers to check for accuracy and make any necessary corrections.

Learn more about Spreadsheet here:

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The Roth IRA differs from the regular IRA in that:a. earnings on the account are tax free after five years.
b. contributions may exceed $2,000.
c. deposits must be in federally-insured accounts.
d. funds are only to be used for education expenses.

Answers

Answer:

Your answer is A

Earnings on the account are tax free after five years.

Explanation:
The answer is a. Earnings on the account are tax free after five years

But for those five years, the contribution to the Roth IRA account is not TAX Deductible, unlike the regular IRA , which is deductible, borderline, both Roth IRA and regular IRA have their own advantages and disadvantages

Which of the following is one of the primary tasks faced by managers who want to improve organizational communication? controlling kinesics
managing small group communication
managing organization-wide communication
eliminating the grapevine
maintaining vertical communication channels

Answers

Managing organization - wide communication is the primary tasks faced by the manager who wants to improve organizational communication. The manager is responsible to implement good communication between different teams to establish wide communication goal.
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