Pipeline costs are predominantly fixed
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1. A good organizational culture can facilitate a low turnover rate. 2. Sometimes an organizational structure can be strong enough to take the place of organizational culture. 3. When employees are forced to adhere to an organization's values through extensive procedures and bureaucracies, its culture is said to be weak. 4. The fit perspective assumes that the most effective cultures help organizations anticipate and adapt to environmental changes.
At the end of March, Weber Productions' accounting records reveal a balance for cash equal to $21,861. However, the balance of cash in the bank at the end of March is only $4,576. Weber is concerned and asks the company's accountant to reconcile the two balances. Examination of the bank statement and company records at the end of March reveals the following information: NSF checks$6,783 Service fees$195Deposits outstanding7,348 Checks outstanding541In addition, Weber owes one of its suppliers $200. During March, the company's accountant mistakenly wrote the check for $1,200. The check was recorded in the company's records for $200 but processed by the bank for $1,200. Weber has contacted the supplier who has agreed to send a $1,000 refund in April directly to the bank. Finally, a petty
cash fund of $2,500 was established during March. This amount was withdrawn from the checking account but not recorded.Required:1. Calculate the correct ending balance of cash at the end of March.2. Discuss any problems you see with the company's cash procedures. What will be an ideal response?
The relativist view of ethics suggests that what is right or wrong depends on the situation or culture.
a. true b. false
Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $135,000 and Bowen's is $120,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $115,000 in the partnership. The amount credited to Kent's capital account is:
A. $115,000. B. $119,000. C. $111,000. D. $92,500. E. $120,000.