Give an example of when you or someone else in an organization, for which you work for or have worked with, used one of the five influencing tactics to achieve an objective. Be sure to state the tactic used.
What will be an ideal response?
Student answers will vary; additional sample answers may be found in the IM.
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When a buyer-seller relationship has reached the commitment stage, there is a stated or implied pledge to continue the relationship.
Answer the following statement true (T) or false (F)
Network communication poses some special types of risk for a business. What are the two broad areas of concern? Explain
The predetermined overhead rate for Foster, Inc., is based on estimated direct labor costs of $400,000 and estimated factory overhead of $500,000. Actual costs incurred were:Direct materials…………………………….. $240,000Direct labor…………………………………..410,000Indirect materials…………………………… 55,000Indirect labor……………………………….. 125,000Sales commissions…………………………. 55,000Factory depreciation………………………… 170,000Property taxes, factory……………………... 15,000Factory utilities…………………………….. 35,000Advertising………………………………..... 62,500Factory equipment rental…………………… 110,000(a) Calculate the predetermined
overhead rate and calculate the overhead applied during the year.(b) Prepare the journal entry to eliminate the over- or underapplied overhead, assuming that it is not material in amount. What will be an ideal response?
To add a new account to the Chart of Accounts:
A. From the Chart of Accounts window, select Account > New B. From the Company menu, select New Account C. From the Lists Menu, select New > Account D. From the Home Page, select Account > New