OER 2019 Edition

ISBN: 9781947172715

Author: OpenStax

Publisher: OpenStax College

Concept explainers

Purchasing refers to the act of procurement of products or services from a market of resources. The procedures used to accomplish the acquisition of the requisite resources are referred to as the purchasing process. Consumer behavior, customer strategy, …

Textbook Question

Chapter 3.3, Problem 1CC

What is attribution theory? Describe the attribution process.

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Chapter 3.2, Problem 3CC

Chapter 3.3, Problem 2CC

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Summary information from the financial statements of two companies competing in the same industry follows. Barco Company Kyan Company Barco Kyan Company Company Data from the current year-end balance sheets Data from the current year's income statement Assets $ 810,000 $ 886,200 Cash $ 18,500 $ 32,000 Accounts receivable, net 36,400 84,340 590,100 7,600 644,500 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 6,100 330,000 52,400 132,500 7,600 305,400 $ 475,340 $ 529,900 Sales Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets $ 71,340 82,800 $ 98,300 117,000 170,000 151,200 226,000 88,600 Common stock, $5 par value $ 475,340 $ 529,900 Retained earnings 14,000 15,569…

Question: Record the purchase of equipment in a general journal format. • July 1, 2021- Signed a lease for an office and issued Check 101 for $15,600 to pay the rent in advance for six months. • July 1, 2021- Borrowed money from Bancorp West by issuing a four-month, 4.5 percent note for $40,000; received $39,400 because the bank deducted the interest in advance. • July 1, 2021- Signed an agreement with Johnson Ventures to provide financial services for one year at $6,000 per month; received the entire fee of $72,000 in advance. The $72,000 was credited to Unearned Financial Service Fees. • July 1, 2021- Purchased office equipment for $15,900 from Office Outfitters; issued a two-month, 6 percent note in payment. The equipment is estimated to have a useful life of five years and a $1,500 salvage value. The equipment will be depreciated using the straight-line method. • July 1, 2021- Purchased a one-year insurance policy and issued Check 102 for $1,860 to pay the entire…

Question: Record the fees received in advance in a general journal format. • July 1, 2021- Signed a lease for an office and issued Check 101 for $15,600 to pay the rent in advance for six months. • July 1, 2021- Borrowed money from Bancorp West by issuing a four-month, 4.5 percent note for $40,000; received $39,400 because the bank deducted the interest in advance. • July 1, 2021- Signed an agreement with Johnson Ventures to provide financial services for one year at $6,000 per month; received the entire fee of $72,000 in advance. The $72,000 was credited to Unearned Financial Service Fees. • July 1, 2021- Purchased office equipment for $15,900 from Office Outfitters; issued a two-month, 6 percent note in payment. The equipment is estimated to have a useful life of five years and a $1,500 salvage value. The equipment will be depreciated using the straight-line method. • July 1, 2021- Purchased a one-year insurance policy and issued Check 102 for $1,860 to pay the…

Chapter 3 Solutions

Organizational Behavior

Ch. 3.1 - How can you understand what makes up an...Ch. 3.1 - How does the content of the situation affect the...Ch. 3.1 - What are the characteristics that the perceiver...Ch. 3.2 - What are the barriers that can inhibit the...Ch. 3.2 - What are the cultural factors that can influence...Ch. 3.2 - What is perceptual defense, and what are examples...Ch. 3.3 - What is attribution theory? Describe the...Ch. 3.3 - What are the internal and external causes of...Ch. 3.4 - What is attitude, and how does it impact the work...Ch. 3.4 - What is behavioral justification?

Ch. 3.5 - How can organizations foster positive job...Ch. 3.5 - What are the dimensions of job satisfaction?Ch. 3 - Describe how the basic perceptual process works....Ch. 3 - How can variations in social perception affect...Ch. 3 - What can managers do to reduce the incidences of...Ch. 3 - How does the attributional process work? Provide...Ch. 3 - How do attributional biases work? What can...Ch. 3 - What are the differences between job involvement,...Ch. 3 - What are the major reasons for job satisfaction?...Ch. 3 - What are other ways that a company can utilize a...Ch. 3 - What challenge does a multi generational team pose...Ch. 3 - What should the company and management team...

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