At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2017, it has outstanding accounts receivable of $135,500, and it estimates that 5% will be uncollectible. Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,304 credit balance before the adjustment. (b) a $678 debit balance before the adjustment.

Answers

Answer 1

Answer and Explanation:

The journal entries are shown below:

a. Bad Debt Expense ($135,500 × 5% - $2,304) Dr. $4,471

             To Allowance for Doubtful Accounts Cr. $4,471

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expense and credited the allowance for doubtful debts as it decreased the value of the assets

b.  Bad Debt Expense ($135,500 × 5% + $678) Dr. $7,453

             To Allowance for Doubtful Accounts Cr. $7,453

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expense and credited the allowance for doubtful debts as it decreased the value of the assets


Related Questions

Which of the following situations are likely to cause poor interpersonal relations? Check all that apply.

Answers

Brad believes that when Jason makes a mistake, he often tells their boss that Brad is responsible for what went wrong When managers submit invoices to Natalie in accounting without including all the necessary information, are likely to cause poor interpersonal relations. Hence, option A and B are correct.

What is the concept of the excerpt?

In this situation, Brad is likely to quit speaking with Jason since he thinks he frequently blames their boss for everything that goes wrong. Poor communication between Brad and Jason will have a negative influence on teamwork, dependability, and accountability.

Natalie can become irritated with the managers in this circumstance because they keep failing to contact them and offer assistance in locating them. Managers must learn to reduce these mistakes rather than make more of them.

Thus, option A and B are correct.

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The options are attached -

Which of the following situations are likely to cause poor interpersonal relations? Check all that apply.

What does this picture reminds you of a nightmare of give 2-4 sentences

What does this picture reminds you of a nightmare of give 2-4 sentences

Answers

This picture reminds me of a nightmare regarding the red stuff coming out of its eyes. Another reason this image I consider a nightmare is because the face of the image is scary looking in some way.

This picture reminds you of a nightmare as it looks scary and threatening and seems like blood coming from eyes indicated through red color.

What is a nightmare?

Nightmares are a condition that is closely linked to tension, stress, and trauma. Physiological well-being is regarded as a problem in this condition, and it is frequently a symptom of the fundamental and curable disorder.

As well as emerging in combination with horrific memories and other psychiatric conditions like depression, cognitive deficits, and bipolar disorder, nightmares are more common during stressful times.

In the given case, the picture is shown as a nightmare as it is scary developing fear in an individual with its effects like red color liquid coming from the eyes which can be denoted as blood.

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Dominic is an architect and wants to represent a pocket door in the plan. Which symbol should he use?

Dominic is an architect and wants to represent a pocket door in the plan. Which symbol should he use?

Answers

Answer:

The answer is C.

Inventory turnover measures:

a. the speed of receivables collection.
b. the efficiency in turning inventory into sales.
c. none of the these.
d. liquidity.
e. liquidity and the efficiency in turning inventory into sales.

Answers

The Inventory turnover measures the efficiency in turning inventory into sales.

What is Inventory turnover?

In essence, the Inventory turnover measures the number of times that an inventory is acquired and sold or used during a period.

Hence, the Inventory turnover measures the efficiency in turning inventory into sales.

Therefore, the Option B is correct.

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if the economy is initially at long-run equilibrium and aggregate demand declines, then in the short run inflation

Answers

When aggregate demand drops after the economy initially reaches long-run equilibrium, price levels and output are lower than they were in the long run.

What is the difference between a short-run equilibrium and a long run equilibrium?

To reflect this increased price level, nominal salaries, prices, and perceptions rise.When an economy is said to be in long-run equilibrium, real GDP is at its maximum potential output, the natural rate of unemployment (about 6%) is equal to the actual rate, and the actual price level is equal to the anticipated price level.

If aggregate demand rises, prices will rise if an economy is in its long-run equilibrium. This is due to the fact that there are no spare resources that can be utilized in the long run to expand production in response to a rise in demand.The long run is a notion in economics where all markets are theoretically in equilibrium and where all prices and quantities have fully adjusted and are in equilibrium.

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A sector of jobs that provide people with a service like a haircut.

Industry Service
Industry
Performance industry

Answers

Answer:

service industry

Explanation:

works for customer but isn't involved in manufacturing

The sector of jobs that provide people with a service like a haircut belongs to the "Service Industry" or the "Service Sector."

What is the Industry Service

The service industry includes a wide range of businesses and jobs that provide intangible products or services to customers. It involves activities where people offer their knowledge, skills, or labor to satisfy the needs of other individuals or businesses.

Examples of jobs in the service industry include hairdressers, barbers, restaurants, hotels, healthcare providers, consultants, entertainment services, and many others.

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Artist who draw images on a computer, often use a stylus in conjunction with a special

Answers

Answer:

Graphics is the correct answer to the following question.

Explanation:

The following answer is true because Graphic tablet is the device in which a person can draw graphics, images or they can also draw by their hands with use of digital pen which is use for drawing as they draw images on the paper. we can also say the graphic tablet is used for the digital art.

List five types of damage that can happen to you because of identity or financial information theft. Use online resources to research the implications of identity theft. Give us five ways how it can impact your life.

Answers

The five types of damage caused due to financial information theft are as follows:

A credit card was declinedRejected for a different loan type, such as a student, mortgage, or personal loan Due to identity theft, you're currently in debt. Calls from collection agencies related to fraudulent accounts No checking or savings account can be opened

When someone utilizes another person's personal information for financial gain, it is called financial identity theft. This type of identity theft is the most prevalent (together with the credit card example previously mentioned). Many different types of financial identity theft exist, including The details of your credit card may be used by fraudsters to make purchases.

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¿Is there a disruptive intermediary to "traditional" intermediation?

Answers

Yes, there are disruptive intermediaries that challenge traditional intermediation in many industries.

What a disruptive intermediary to "traditional" intermediation?

Disruptive intermediaries are innovative companies that use technology and business models to transform the way goods and services are delivered, often creating new marketplaces or changing the dynamics of existing ones. These companies typically offer more efficient, user-friendly, and cost-effective solutions than traditional intermediaries, often with a focus on transparency and customer experience.

For example, in the financial industry, fintech companies like Robinhood and Coinbase have disrupted traditional brokers and exchanges by offering low-cost, user-friendly trading platforms and digital wallets. In the transportation industry, companies like Uber and Lyft have transformed the taxi and ride-hailing markets by creating new marketplaces that connect drivers and riders directly through their mobile apps, bypassing traditional taxi dispatch systems.

Other examples of disruptive intermediaries include online marketplaces like Amazon, Airbnb, and Etsy, which have transformed the retail, hospitality, and artisanal goods markets respectively, and online education platforms like Udemy and Coursera, which have disrupted the traditional education model by offering affordable, flexible, and accessible learning opportunities to students around the world.

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Use the above Cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities.

Answers

Add your dividends paid to the repurchase of debt and equity to determine your cash flow from financing activities. Next, deduct the sum from cash inflows from issuing equity or debt to arrive at your cash flow from financing activities. Likewise, a cash flow statement contains these.

How do you calculate cash provided by investing activities?

The cash flow statement of a business shows the cash flow from investments. Any inflows or outflows of money from long-term investments made by a company are included in cash flow from investing activities. The amount of cash and cash equivalents entering and leaving a company is shown on the cash flow statement.

A company's cash flow statement includes a section called cash flow from financing activities (CFF), which details the net cash flows used to finance the business. Transactions involving equity, debt, and dividends are all examples of financing activities.

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lead a particular function or a subunit within a function. *
General Manager
Functional Manager
Front-Line Manager
ОСЕО

Answers

Answer:

Functional managers are accountable to manage people with specific skills and different resources within a department or section to meet functional objectives as well as corporate objectives. ... Sometimes, both functional managers and project managers have to work together to share resources and experience.

Explanation:function manager

a. Suppose the marginal propensity to consume (MPC) for a nation is 0.67. What is the tax multiplier for this nation

Answers

Assuming the marginal propensity to consume (MPC) for a nation is 0.67. The tax multiplier for this nation is: 2.03.

Tax multiplier

Using this formula

Tax multiplier=-MPC/1-MPC

Where:

Marginal propensity to consume (MPC)=0.67

Let plug in the formula

Tax multiplier=0.67/1-0.67

Tax multiplier=0.67/0.33

Tax muitiplier=2.03

Inconclusion the tax multiplier for this nation is: 2.03.

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Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?

Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from
Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from

Answers

The implied earnings yield be 4.1%.

Thus, the correct option is B.

What do you mean by earnings?

The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.

EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.

Earnings are the sum of money that a person or organization receives over a specific time period.

They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.

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What are the major objectives of macroeconomics? Write a brief definition of each of these objectives. Explain carefully why each objective is important?

Answers

Answer:

Some of the major objectives of macroeconomics are:

Economic growth: more specifically, non-inflationary, sustainable economic growth, in order to raise the living standards of the people by increasing the production of goods and services.Low inflation: inflation is the general rise in the price level of goods and services of a economy within a period of time. High inflation has shown to be damaging to the economy, and this is why one of the most important macroeconomic goals is to keep inflation low.Low unemployment: unemployment is very damaging for both individuals and society. Unemployed people are likely to be unable to live by themselves. Maintaining unemployment low is one of the most important macroeconomic objectives and it often conflicts with the goal of keeping inflation low, at least in the short-term.Balanced Budget: macroeconomists try to advise governments to keep low levels of debt, and to not spend too much more than they earn from tax revenue, public entreprise profits, and other sources of public income.

NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst’s estimate of the firm’s growth forecast over the next 4 years is 18.00% and over 3 years after that of 16.5%. You expect the firm to slow down in the long run and estimate the long-term growth rate after 7 years to be 6.5%. If the required rate of return on the stock is 11%, what is your estimate of the stock price?

Answers

Using the dividend discount model with given growth rates and required rate of return, the estimated stock price for NBM common stock is calculated by discounting future dividends, resulting in the stock price.

To estimate the stock price of NBM common stock, we can use the dividend discount model (DDM) which calculates the present value of future dividends.

First, let's calculate the dividends for the next 7 years:

Year 1: $2.25 (given)

Year 2: $2.25 * (1 + 18%) = $2.655

Year 3: $2.655 * (1 + 18%) = $3.1399

Year 4: $3.1399 * (1 + 18%) = $3.7029

Year 5: $3.7029 * (1 + 16.5%) = $4.3177

Year 6: $4.3177 * (1 + 16.5%) = $5.0273

Year 7: $5.0273 * (1 + 6.5%) = $5.3485

Next, let's calculate the present value of these dividends using the required rate of return of 11%:

PV = D1 / (1 + r) + D2 / (1 + r)^2 + ... + D7 / (1 + r)^7

PV = $2.25 / (1 + 0.11) + $2.655 / (1 + 0.11)^2 + $3.1399 / (1 + 0.11)^3 + $3.7029 / (1 + 0.11)^4 + $4.3177 / (1 + 0.11)^5 + $5.0273 / (1 + 0.11)^6 + $5.3485 / (1 + 0.11)^7

Finally, summing up the present values, we can estimate the stock price:

Stock Price = PV

Calculating this equation will give the estimated stock price of NBM common stock.

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Classify the responsibilities based on the roles of each staff member.
front office manager
reservations agent
reservations manager
front desk clerk
maintains an up-to-date inventory of rooms,
the rooms sold, and those that are available
arrowRight
greets guests on arrival and handles guest
check-ins and check-outs
arrowRight
handles all calls regarding room bookings
arrowRight
in charge of reservations, the front desk,
uniformed services, and telecommunications

Answers

A staff manager is a qualified individual who manages a group of workers while advising and educating them. They are employed by numerous departments and industries. They are in charge of generally ensuring that their team remains inspired and operates at its peak.

Front Office Manager responsibilities are:

Helping and educating the office workers. managing customer inquiries and grievances. Keeping an eye on the supply, ordering office supplies, and troubleshooting emergencies distribution of mail management.

Reservation agent responsibilities are:

Arranging reservations for clients depending on their unique needs and available funds. determining if lodging or transportation will be available during the clients' preferred travel dates. suggesting local tourist attractions and points of interest to assist in the planning of vacation plans.

Reservations manager front desk clerk responsibilities are:

A reservation manager is in charge of giving out travel details like costs and itineraries, dealing with client problems and complaints, advising clients on the terms and conditions of booking travel arrangements, and sending confirmation emails.

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In the "Should We Fight Climate Changes Or Support Free Trade?" article, What actions have nations and organizations taken in order to address climate change and trade?
who ever answers this becomes Brainiest

Answers

Answer:

Nations and organizations have taken actions to address climate change and trade, including signing the Paris Agreement, implementing carbon pricing, setting renewable energy targets, signing green trade agreements, and establishing organizations to promote sustainable finance. The focus is on reducing carbon emissions, promoting sustainable trade practices, and transitioning to renewable energy.

Bosco Corp. is considering a new product that would require an investment of ₦10 million now, at t = 0. If the new product is well received, then the project would produce after-tax cash flows of ₦5 million at the end of each of the next 3 years (t = 1, 2, 3), but if the market did not like the product, then the cash flows would be only ₦2 million per year. There is a 50% probability that the market will be good. The firm could delay the project for a year while it conducts a test to determine if demand is likely to be strong or weak. The project's cost and expected annual cash flows would be the same whether the project is delayed or not. The project's WACC is 10.0%. Calculate the value (in thousands) of the project before and after considering the investment timing option.

Answers

The project's value before the timing option is ₦3,268 (in thousands), while the project's value after the timing option is ₦8,954 (in thousands).

How do we calculate the value of a project?

1. The value (in thousands) of the project before considering the investment timing option can be calculated as follows:

Using the formula for calculating the present value of an ordinary annuity, the present values of cash flows can be calculated as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value cash flows

P = Annual cash flows

r = WACC = 10.0%, or 0.10

n = number of years = 5

Substitute the values into equation (1), we have:

PV when the market is good =  ₦5,000 * ((1 - (1 / (1 + 0.10))^5) / 0.10) = ₦18,954

PV when the market is bad =  ₦2,000 * ((1 - (1 / (1 + 0.10))^5) / 0.10) = ₦7,582

Project's value before timing option = (Probability the market will be good  * (₦18,954 - ₦10,000)) + (Probability the market will be bad * (₦7,582 - ₦10,000)) = (50% * (₦18,954 - ₦10,000)) + (50% * ((₦7,582 - ₦10,000)) = ₦3,268 (in thousands)

2. The value (in thousands) of the project after considering the investment timing option can be calculated as follows:

Since timing is considered, it means the firm will only invest in the project if the market is strong and the annual cash flow will be ₦5 million without any probability.

Therefore, we have:

Project's value after timing option = ₦18,954 - ₦10,000 = ₦8,954 (in thousands)

3. In addition, the value of option wait can be calculated as follows:

Value of option wait = Project's value after timing option - Project's value before timing option = ₦8,954 - ₦3,268 = ₦5,686 (in thousands)

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Who might an HR professional turn to for help in making good use of external
recruitment sources?
OA. A recruitment agency
OB. A corporate manager
OC. A guidance counselor
O D. An advertising firm

Answers

A recruitment agency is a source to which the HR professional turn to for help in making good use of external recruitment sources. Thus, option A is appropriate.

Identification, attraction, interviewing, selection, hiring, and onboarding of personnel are all included in the recruitment process. Put it another way, it covers everything from identifying a staffing requirement to meeting it. Various employees are in charge of recruiting, depending on the size of the company.

The entire process of finding, sourcing, screening, shortlisting, and interviewing people for positions within an organization is known as recruitment. The selection of candidates for unpaid positions is another step in the recruitment process.

Thus, option A is correct.

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A company purchased an asset for $3,200,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project

Answers

Answer:

$237,120

Explanation:

year     depreciation %            depreciation expense         book value

1                   33.33%                    $1,066,560                        $2,133,440

2                  44.45%                    $1,422,400                        $711,040

3                  14.81%                      $473,920                           $237,120

the book value at the end of the project's life = $237,120, which is equivalent to 7.41% (the fourth year according to MACRS depreciation)

Differentiate foreign investment from the types of aid provided by the UNDP and world bank, citing specific examples of aid from both.

Answers

Foreign investment is in domestic companies and assets in another country and made by foreign investors like your participation (ownership stakes) in firm. The types of aid provided by the World Bank are funding, policy advice and technical assistance to developing country governments.

What are foreign investments and their types?

A foreign investment is an investment by a foreign investor in a domestic company or property in another country. Large multinationals will look for new opportunities for economic growth by opening branches and expanding investments in other countries.

Types of Foreign Investment in India: Foreign funds can be invested in equity, real estate, ownership/management, or cooperation. Foreign Direct Investment (FDI) Foreign Portfolio Investment (FPI). Foreign Institutional Investment (FII)

What is an example of foreign investment?

A major Australian mining company buys a small Angolan company in order to diversify. Both are examples of foreign direct investment, where the business decision to become involved in some way or to have an interest in a company is made by an investor based outside the border.

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What is market environment

Answers

Answer:

The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.

Explanation:

The internal factors relate to the company itself, such as owners, workers, materials, components, etc.

The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.

A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: Location FC (annual) VC (per unit) Atlanta $ 80,000 $ 20 Phoenix $ 140,000 $ 16 If the annual demand will be 20,000 units, what would be the cost advantage of the better location? HINT: Compare the total costs Select one: a. 40000 b. 20000 c. 460000 d. 60000

Answers

Answer:

Cost Advantage of different locations:

b. $20,000

Phoenix certainly had a cost advantage over Atlanta and based on this factor, it should be chosen for the new plant instead of any other city.

Explanation:

a) Total Costs of different locations:

                        Atlanta       Phoenix

Fixed Cost      $80,000     $140,000

Variable cost  400,000      320,000

Total Costs  $480,000    $460,000

b) Variable costs

                                   Atlanta       Phoenix

Annual Demand        20,000        20,000

Variable cost/unit        $20              $16

Total variable cost  $400,000  $320,000

c) Cost Advantage is the competitive edge which location (or company) can have over another through reduced production or marketing costs or both so that it can offer cheaper prices or use excess profits to bolster promotion or distribution.   In this case, the comparison is on the total cost, which is made of variable and fixed costs.

Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest rate of 8 percent and the interest is paid semiannually. The yield to maturity on the bonds is 12 percent annual interest. There are 10 years to maturity.Required:Compute the price of the bonds based on semiannual analysis.

Answers

Answer:

Price of bond   = $770.60

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The value of bond for Heather Smith  can be worked out as follows:

Step 1  

PV of interest payments

Semi annul interest payment  

= 8%× 1000 × 1/2 =40

Semi-annual yield = 12/2 = 6% per six months

Total period to maturity (in months)  = (2 ×10) = 20 periods

PV of interest =  

40 × (1- (1+0.06)^(-20)/0.06)  = 458.796

Step 2  

PV of Redemption Value

= 1,000 × (1.06)^(-20)  = 311.80

Step 3 :Price of bond  

= 458.796  + 311.80 = 770.60

Price of bond   = $770.60

Juan and Carl have a small medical practice that operates as a partnership. Juan does 70% of the work and Carl does 30%. However, Carl invested 60% of the money required to start the business. If the company makes $100,000 in profit this year, how much will each partner receive?
a. Juan will receive $70,000; Carl will receive $30,000.
b. Juan will receive $50,000; Carl will receive $50,000.
c. Juan will receive $40,000; Carl will receive $60,000.
d. Juan will receive $60,000; Carl will receive $40,000.
e. Profits will be shared in the proportion specified in the partnership agreement.

Answers

Answer:

e. Profits will be shared in the proportion specified in the partnership agreement.

Explanation:

Partnership agreement is the governing document of an partnership. The agreement consist of how profit will be shared and has been agreed right before the partnership contract become become binding. Thus, the fact that Juan does 70% of the work and Carl does 30% of work does not specifies nor idicate profit sharing. Also, the fact that Carl invested 60% of the money required to start the business does not specify profit sharing as well. The profit sharing agreement is in the partnership agreement.

A rational firm operating in a perfectly competitive market has its demand and total cost function given below.
TR=20Q-30Q2
TC=50+25Q-40Q2
Required
1.calculate Average fixed cost function)
2.Average variable cost function
3.Marginal cost function
4.Profit maximizing level of output
5.Maximum Profit
how do i tackel this

Answers

The average fixed cost function will be 50/Q.

How to calculate the cost?

From the information given,

TR = 20Q - 30Q²

TC = 50 + 25Q - 40Q²

The average fixed cost will be:

= Fixed cost/Quantity

= 50/Q

The average variable cost will be:

= VC/Q

= (25Q - 40Q²)/Q

= 25 - 40Q

The marginal cost function will be:

TC = 50 + 25Q - 40Q²

We'll differentiate it. This will be:

MC = 25 - 80Q

The profit maximizing level of output will be:

MR = MC

20 - 60Q = 25 - 80Q

-60Q + 80Q = 25 - 20

20Q = 5

Q = 5/20 = 0.25

The profit will be:

= TR - TC

= 20Q - 30Q² - (50 + 25Q - 40Q²)

= [(20 × 0.25 - (30 × 0.25²)] - [(50 + (25 × 0.25) - (40 × 0.25²)

= [5 - 1.875] - [50 + 6.25 - 2.5]

= 3.125 - 53.75

= -50.625

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A retailer purchases merchandise with a catalog list price of $70,000. The retailer receives a 25% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period

Answers

If a retailer acquires goods with a $70,000 catalog list price. The sum of $51,450 in cash is required to settle this invoice during the discount period.

How much Cash is needed to pay the invoice?

The first step is to use this method to determine the Price after Trade Discount.

Catalog price - trade discount = the final price.

Price after Trade Discount = $70,000 - (25% × $70,000)

Price after Trade Discount = $70,000 - $17,500

Price after Trade Discount =  $52,500

Second step  :

 to calculate the Cash required to pay invoice using this formula

Cash required to pay invoice = Price after Trade Discount - Purchase Discount

Let plug in the formula

Cash required to pay invoice = $52,500 - (2% × $52,500)

Cash required to pay invoice = $52,500 - $1050

Cash required to pay invoice = $51,450

Therefore the amount of  cash needed is: $51,450

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A characteristic often associated with entrepreneurship is _____. A. routine B. security C. risk D. passiveness

Answers

Answer:

C. Risk

Explanation:

Because, when starting a new business money must be invested. An entrepreneur always risks loosing all of the money they invest into the business and even going into dept. Thus us why a characteristic of entrepreneurship is risk

A characteristic that is often in association to the characteristics of entrepreneurship is risk. Therefore, the option C holds true.

What is the significance of entrepreneurship?

Entrepreneurship can be referred to or considered as a process of undertaking business activities by bringing innovation in the way of conducting business, and leading the processes of conducting the business activities in an organization with a view to earn profits.

With the amount of unlimited saturation that it has, entrepreneurship has been sought as a way of conducting business while taking in consideration the benefits and risks associated with the undertaking entrepreneurial activities.

Therefore, the option C holds true and states regarding the significance of entrepreneurship.

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After John's father died, John inherited his successful tire business, Thrifty Tire. John wants to make sure the company's culture, which his father had built for over 40 years, does not get lost but instead remains embedded in the organization. First, summarize 4 of the 12 ways that a particular culture can become embedded in an organization. Then explain how John might use each technique to keep Thrifty Tire's corporate culture strong, with an emphasis on employee development, a family-like atmosphere, and a dedication to offering the best service and the lowest prices.

Answers

The four ways that John can embed culture in Thrifty Tire are as follows:

Model corporate values and behaviors.Encourage workers' commitment by requesting ideas contributions.Share stories of corporate values in action.Making a checklist of corporate values.

What is corporate culture?

Corporate culture encompasses the following:

Guidelines on how company employees act, feel, and think. The organization's social and psychological environmentThe unique corporate personalityAn expression of the core corporate values, ethics, behaviors, and belief.

Corporate culture refers to the interaction of a company's employees and management in handling customers based on acceptable beliefs and behaviors.

John can embed the corporate culture of Thrifty Tire by ensuring that the accepted corporate values and behaviors are properly documented for easy accessibility to the workers and managers.

John can also ensure that written documents by the company continue to retell the corporate values, making them alive in the present.

John can request workers to contribute ideas to the effective running of the company, thereby ensuring their buy-in.

A checklist of corporate values in fliers and other easily accessible documents issued by the company, including at notice boards and displays will entrench the values in the employees.

Thus, John needs to do more by not only talking about the corporate values but practically reinforcing them on every occasion.

Learn more about embedding corporate culture at https://brainly.com/question/14095284

Select the correct answer
When Ahmed's company files for bankruptcy, he requests the court to give him another chance to repay debt. He tells the court that he works
for a company from which he receives monthly salary. He thinks he can repay his debts with the salary he receives. Under what legal provision
can the government grant Ahmed the option of repaying his debt?
O A Chapter 15
OB. Chapter 10
OC Chapter 11
OD. Chapter 13
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Answers

I think it’s b chapter 10
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