The office manager is experiencing a difference in hierarchical behavior
Explanation:
In South Korean culture there is a tradition of hierarchy. According to this tradition the bosses are treated as superior and the people working under him are treated as subordinates. According to the South Korean the subordinates should be given the order what they have to do. On the other hand the other countries have different rules, that is they do their work to live. In American culture they can behave in any way they want to be.
Answer:
ABC Daycare
Effect of Performing Plumbing Services on account on the Accounting Equation:
Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565
Explanation:
a) Data and Analysis:
Accounts receivable $565 Service Revenue $565
The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction. It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two. This equation forms the basis for the double-entry system of financial accounting.
Let’s just say that the entire year is 365 days. So, we need to divide the APR (13.50%) to 365. This gives us a value of 0.037% and since the the billing cycle is 30 days, we need to multiply 0.037% to 30 to get it’s periodic interest rate. Therefore, the periodic interest rate is 1.11%.
True.
I hope this helps! :)