Answer:
Letter B is the correct option. Family.
Explanation:
Alfons Trompenaars, a prominent Dutch author and consultant in intercultural communication, categorized organizational cultures into four types: family, Eiffel Tower, guided missile, and incubator. Countries like Turkey, Pakistan, Venezuela, China, Hong Kong, and Singapore primarily exhibit family culture.
Family culture is characterized by an organizational landscape that prioritizes power dynamics and hierarchy, featuring a charismatic leader regarded as a nurturing family member by employees who believes in the well-being of their team.
Answer:
Such expenses are variable, as they can fluctuate based on living circumstances.
Answer: Parker Corporation a) Closing Journal Entries: General Journal Description Debit Credit 12/31 Service fees revenue $92,500 Interest income 2,200 Retained earnings 42,700 Income Summary $137,400 to close credit items to the Income Summary. Income Summary $64,700 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 to close debit items to the Income Summary. b. T-accounts: Debit Credit Service fees revenue $92,500 Adjusted balance $92,500 Income Summary $92,500 Balance $0 Interest income $2,200 Adjusted balance $2,200 Income Summary $2,200 Balance $0 Salaries expense $41,800 Adjusted balance $41,800 Income Summary $41,800 Balance $0 Advertising expense $4,300 Adjusted balance $4,300 Income Summary $4,300 Balance $0 Depreciation expense $8,700 Adjusted balance $8,700 Income Summary $8,700 Balance $0 Income tax expense $9,900 Adjusted balance $9,900 Income Summary $9,900 Balance $0 Retained earnings Adjusted Balance 42,700 Income Summary $42,700 Balance $0 Explanation: a) Data: Parker Corporation Adjusted Account Balances Debit Credit Service fees revenue $92,500 Interest income 2,200 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 Retained earnings 42,700.
Answer:
Upon completion of a Marketing Course, I should possess the following promotional abilities:
- Innovation Skills: A marketing professional is expected to think outside the box, stimulate creativity within the business, and devise unique methods to capture market attention and convert that interest into support.
- Market Development Skills: One should also develop the ability to recognize and express hidden customer needs (even before the customers themselves realize them), as well as identify socioeconomic trends and technological advances that present opportunities for the business and its clientele.
- Pricing Technology: Pricing combines elements of art and science. It encompasses aspects of accounting, economics, and psychology. Marketing primarily addresses the economics and psychological components. With this knowledge, one can understand buyers' mindsets and influence their purchasing decisions.
Cheers!
Answer:
Based solely on the provided information, the answers are:
a. The accounts receivable balance reported on the December 31, Year 1, balance sheet will be $4,000.
b. A net income of $18,000 will be recorded on the Year 1 income statement.
c. A net cash flow of $14,000 from operational activities will be shown on the Year 1 cash flow statement.
d. Retained earnings amounting to $18,000 will appear on the Year 1 balance sheet.
Explanation:
a.
Service revenue recorded on account for Year 1 totaled $18,000
Cash collected from accounts receivable during Year 1 amounted to $14,000
Thus, on December 31, Year 1, the accounts receivable balance stands at $18,000-$14,000 = $4,000
b. Only the $18,000 service revenue earned within Year 1 will be reported on the income statement.
c. The cash transaction recorded for the year sums to $14,000 received from customers, which is reflected in the Year 1 cash flow statement.
d. The retained earnings indicated on the Year 1 balance sheet amount to $18,000
