Which element below is not one of the steps in an organizational development model?
a. Diagnosis
b. Intervention
c. Determination
d. Progress monitoring
c. Determination
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You are the auditor of Browning, Inc, a manufacturer of plastic products. In reviewing the balance sheet of the company, you notice several receivables from the officers of the company. You report your findings to the president of the company and inform
him that these receivables will be considered related party transactions for purposes of financial accounting and reporting. The president seems somewhat annoyed by your comments and asks you to explain what you mean by "related party" transactions and how the financial statements will be affected by these transactions. Prepare a brief response to the president's question.
_____________ can be described as certain words or metaphors and expressions specific to an organization.
What will be an ideal response?
On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vander uses the periodic inventory system and the gross method of accounting for sales. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is:
A.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |
B.
| Cash | 4,000 | |
| Accounts receivable | 4,000 |
C.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
D.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
E.
| Cash | 3,920 | |
| Sales discounts | 80 | |
| Accounts receivable | 4,000 |
________ offer differentiated editorial content and are published for labor unions, professional organizations, industries, or hobbyists.
A. Special-audience newspapers B. Newspaper supplements C. Trade newspapers D. Regional newspapers E. Demographic-oriented newspapers