Waters' Edge is a clothing retailer that promotes its products via catalog and accepts customer orders by all of the conventional ways including the Internet. The company has gained a competitive advantage by collecting data about its operations and the customer each time an order is processed. Among the data collected with each order are:
a. number of items ordered, b. total shipping weight of the order, c. whether or not all items ordered were available in inventory, d. time taken to process the order, e. customer's number of prior orders in the last 12 months, and f. method of payment. For each of the six aforementioned variables, identify which of the variables are discrete and which are continuous.
Discrete: number of items ordered, whether or not all items ordered were available in inventory, customer's number of prior orders in the last 12 months, method of payment
Continuous: total shipping weight of the order, time taken to process the order
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Prepare the statement of partner's equity for the year ending December 31, 2020.
A partnership began on January 1, 2020, with two partners Kelly Simmons and Dawn Jones. The partnership is called Simmons and Jones Partnership. Kelly contributed $40,000 cash and Dawn contributed equipment with a fair market value of $70,000. The partners share profits and losses 50:50. Partners' withdrawals were $10,000 by Kelly and $5,000 by Dawn. Net income for 2020 was $60,000.
Dew Drops Company purchased equipment for $200,000. The company recorded total depreciation of $140,000. On January 1, 2018, the company exchanges the equipment for new equipment, paying $150,000 cash. The fair market value of the new equipment is $250,000. Prepare the journal entry to record this transaction. Assume the exchange has commercial substance. Omit explanation.
What will be an ideal response?
______ consists of productive and healthy disputes between individuals or groups.
A. Utilitarian conflict B. Functional conflict C. Practical conflict D. Dysfunctional conflict
In today's business world, learning about other cultures is ________
A) optional B) necessary C) not required D) ill-advised E) interesting but of no real business concern