Prepare journal entries for the following transactions for Grant Company:
May 1 Purchased equipment from Knox, Inc. for $5,000 giving a 3 month 8% note
Aug. 1 Paid amount due on note
What will be an ideal response?
Answer:
May 1 Equipment 5,000
Notes Payable 5,000
Aug. 1 Notes Payable 5,000
Interest Expense 100
Cash 5,100
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A year ago, a production facility of a beverage company became the subject of negative news coverage following complaints that it had been slow to alert the community to some contamination of the water supply. During the reporters' investigation, several employees came forward to blame a supervisor who they claimed was nasty and unfair in his dealings with them. After the stories spread online, the human resource department noticed that the number of workers applying for jobs at the facility had tumbled, and so had the quality of applicants who did apply. The troublesome manager was dismissed, and now the human resource department is investigating how to improve the ethical climate at the facility. Which of the following measures would contribute most to the effort?
A. recognizing that, for a business, ethical issues are mainly relevant in the short term B. sending executives to an off-site private retreat to write a code of ethics together C. shutting down channels through which unethical acts might become known D. keeping quiet until the incidents are forgotten E. including measures of ethical behavior in performance management In the long run, a high-performance organization meets high ethical standards. Ethical behavior
Determining the mixture of ingredients for a most economical feed or diet combination would be described as a production mix type of linear program
Indicate whether the statement is true or false