BUSINESS HIGH SCHOOL

The allowance for doubtful accounts is adjustedA.) at the end of each accounting period
B.) each time a customers debt is satisfied
C.) within one year of granting credit to a customer
D.) each time a customer is granted credit

Answers

Answer 1
Answer: The correct answer is A

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If management identifies even one material weakness in internal control, then management will conclude that the organization’s internal control over financial reporting is not effective.1. True2. False

Of the following sets of accounting entries, which one correctly records the purchase of a piece of equipment? A : a $15,000 increase in cash and a $15,000 decrease in equipment, both entered on the same date B : a $5,000 decrease in cash, a $15,000 increase in notes payable, and a $20,000 increase in equipment, all entered on the same date C : a $14,000 decrease in cash, a $4,000 increase in notes payable, and a $10,000 increase in equipment, all entered on the same date D : a $16,000 decrease in notes payable and a $16,000 increase in equipment, both entered on the same date

Answers

Answer: The correct answer is  B : a $5,000 decrease in cash, a $15,000 increase in notes payable, and a $20,000 increase in equipment, all entered on the same date.

Explanation: The option B is correct because we are accounting for a purchase of a piece of equipment. The options in the questions show that the purchase was partly through cash and partly through notes payable. Since that is the case, the appropriate entries should record a cash outflow (credit to cash to decrease it), increase in notes payable as a result (credit to notes payable to increase) and subsequently, increase in equipment (debit to equipment). So, the total credits equal the total debit.

Suppose Tammy grew up on a farm and is very good at plowing. In addition, suppose she is a popular country singer who earns $4,000 per performance. If her husband Bob can plow (but not as well as Tammy) but he can't carry a tune, then it would be most efficient if a. Tammy did both the plowing and the singing. b. Tammy specialized in singing and Bob in plowing. C. Tammy specialized in plowing and Bob in singing. d. Bob did both the plowing and singing. e. they both plowed and sang.

Answers

Answer:

B) Tammy specialized in singing and Bob in plowing.

Explanation:

Tammy has an absolute advantage at singing because she is simply absolutely better at singing than her husband. She also has a comparative advantage at plowing because she plows better than him, but he can still do some plowing. Therefore, Tammy should specialize in the task that she has an absolute advantage and generates a larger revenue, while her husband should specialize in plowing even though he is not very good at it. By specializing in plowing, Tammy's husband might end up doing it as good as her.

If the appropriate managerial action or behavior in any given situation depends on elements of that situation (e.g., if the best motivational technique depends on the characteristics of the individual being motivated), which perspective on organizational behavior is being supported? The interactionalism perspective The universal perspective The human relations perspective The situational perspective

Answers

The situational perspective is the perspective on organizational behavior is being supported, appropriate managerial action or behavior in any given situation depends on elements of that situation.  

Situational perspective:

  • Situational angle is an agency control method in which the supervisor specializes in precise state of affairs in place of the normal fashionable to be able to compare or shape a decision .

  • It is a versatile fashion of management that supposes in the fashion of the control to in shape into the wishes of the agency.

  • The fundamental wishes of the agency and the paintings surroundings function the important thing drivers of moves and selections in place of adopting a normal rule.

Therefore, the Situational perspective is the organizational behavior for the appropriate managerial action or behavior in any given situation depends on elements of that situation .

Learn more about situational perspective refer:

brainly.com/question/6117492

Answer:

Situational perspective.

Explanation:

Situational perspective is an organization management strategy where the manager focuses on specific situation rather than the generic standard in order to evaluate or form a decision .

It is a flexible style of leadership that allows the style of the management to fit into the needs of the organization. The basic needs of the organization and the work environment serve as the key drivers of actions and decisions rather than adopting a generic principle

Accountants are responsible for keeping ___ records of money transactions.

Answers

pretty sure answer is coherent

In what situation can a company have both differentiation and a low-cost position?

Answers

Answer:

1. when all competitors are stuck in the middle

2. when cost is strongly affected by share or interrelationships

3. when the company pioneers a major innovation

Explanation:

according to porter generic business - level strategies, differentiation is a means to achieve an overall  low cost  position.

Which phrase describes the substitution effect?A.) buying cheaper alternatives when a product becomes expensive
B.)replacing existing producers in a market with new producers
C.)replacing existing products in a market with higher-quality products
D.)substituting existing technology with a new technology to produce more goods

Answers

I believe the answer is: A.) buying cheaper alternatives when a product becomes expensive

Substitution effect refers to a situation when a change of component on a product would influence consumers to replace that product.
Factors that could cause a substitution effect could include things such as prices, availability, changes in material, etc.
The correct answer to the question that is being stated above is letter A.  buying cheaper alternatives when a product becomes expensive.

 Buying cheaper alternatives when a product becomes expensive is an example of an action which best describes the substitution effect.
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