Answer:
encourages employees to re-examine their basic assumptions about a problem and its possible solutions.
Explanation:
Constructive conflict encourages employees to re-examine their basic assumptions about a problem and its possible solutions.
When employees working in an organization are engaged in a constructive conflict, they are able to draw from a variety of ideas, opinions and views of the other party and by extension moving the organization forward in its operations, goals, objectives and mission.
Hence, a constructive conflict enhances the level of output or production in an organization rather than inhibitions of growth and development.
Answer:
Step 1.
Dr. Account Receivables
Cr Fees Earned
Being correction of error of fees earned wrongly debited to fees earned account
Step 2.
Dr. Account Receivables
Cr Fees Earned
Being Fees Earned on account
Explanation:
The error must have had a double impact on the account. If an amount meant to be credited to revenue account (fees earned) was wrongly debited, then the net effect is twice the amount involved. It is basically removing two instead of adding two to the account which gives a shortfall of four.
Therefore the correction will be in 2 steps:
1. A reversal of the wrong entry
2. The Posting of the right entry
Therefore:
Step 1.
Dr. Account Receivables
Cr Fees Earned
Being correction of error of fees earned wrongly debited to fees earned account
Step 2.
Dr. Account Receivables
Cr Fees Earned
Being Fees Earned on account
b. False
It is true that many automobile companies have custom options available for disabled people.
Many automobile companies offer custom options and modifications for disabled people to make their vehicles more accessible and accommodating to their specific needs. These modifications can include wheelchair ramps, hand controls for driving, swivel seats, and other adaptive features.
Accordingly, Providing such options is an important step towards inclusivity and ensuring that people with disabilities can have greater independence and mobility. This also helps to prevent forms of discrimination and foster inclusion.
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Answer:
Her personal savings rate is 25%
Explanation:
The formula to compute the personal saving rate is shown below:
= (Earning amount ÷ Net income amount)
where,
Earning amount or saving amount is $68,000
And, the net income or current income equal to
= Earnings - taxes
= $68,000 - $16,000
= $52,000
Now put these values to the above formula
So, the value would equal to
= $13,000 ÷ $52,000
= 0.25 or 25%
Answer:
employer’s contribution
Explanation:
The 401K and a IRA are plans for the retirement for the employees or freelancers of the United States of America, in both cases there are benefits of both plans, in the case of the 401k the biggest benefit would be the fact that you can´t add more money whenever you want to your account, and with higher ceilings compared to the IRA.
Employer's Contribution on Plato
Hope this helped
The mistaken classification of the product costas an expense would result in an understatement of the cost of goods sold by $20,500. This would also lead to an overstatement of the net income by the same amount.
To calculate the correct net income for the year, we need to deduct $20,500 from the reported net income.
The cost per unit of the product would be $20,500 divided by 2,050 units, which is $10 per unit.
The cost of goods sold would be 1,025 units sold multiplied by $10 cost per unit, which is $10,250.
Therefore, the corrected net income would be the reported net income minus $20,500, which is the mistaken expense, minus $10,250, which is the corrected cost of goods sold.
If the bonus paid to management is based on net income, then the mistaken classification would have led to a higher bonus payment. The corrected net income would result in a lower bonus payment by 2% of the difference between the reported and corrected net income.
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