Entity A sold Product C to Entity B for many years. In order to expand its market, recently, Entity A promoted a new product, i.e. Product D. On 1 January 2020, Entity A sold 20,000 units of Product D to Entity B at a price of $88 per unit. Cash was received when control of products transferred to Entity B.

According to the contract between Entity A and Entity B, Entity A agreed with Entity B returning unused products at full price within 2 months, i.e. on or before 29 February 2020.  The costs of each Product C and Product D are $55 and $48 respectively.

Entity A learnt much experience in selling Product C with different customers and estimated that 6% of Product C was commonly returned by Entity B. However, Product D is a new product, therefore Entity A did not have such experience on selling Product D. Based on the good business relationship with Entity B, Entity A estimated the return rate of Product D as a triple of the return rate of Product C.

On 29 February 2020, Entity B returned 1,600 units of Product D to Entity A. Due to a cash shortage, Entity A only repaid $50,000 back to Entity B and promised to settle the unpaid balance on or before 31 March 2020. Finally, Entity A only settled 80% of the unpaid balance on 31 March 2020.

REQUIRED:

Provide journal entries for Product D from 1 January 2020 to 31 March 2020 in accordance with relevant accounting standards.

ACCOUNT NAMES FOR INPUT:

| Road roller | Plant | Machine | Motor van | Land | Building | Inventory | Intangible assets |

| Bank | Payable | Receivable | Other income | Other expense | Interest expense | Interest revenue |

| Depreciation | Accum. depreciation | Impairment loss | Reversal of impairment loss | Goodwill |

| Loss on disposal | Gain on disposal | Restoration liability | Revaluation surplus | Revaluation deficit |

| Asset for product to be returned | Commission expense | Commission revenue | Revenue |

| Cost of sales | Refund liability | Contract asset | Contract liability | Retained earnings | No entry |

ANSWERS:

Journal Entries:

You have recently been hired by a company that wants to “go global” and you have been selected to help research this possibility. The CEO has selected you to research your chosen country and report back. You must prepare a report on your country’s four cultural values and provide examples of how they relate to business transactions.

For your chosen country of France write a three-page paper on the following:

Individual and collective dimension of the country
Equality and hierarchy dimension of the country
Change orientation dimension of the country
Time orientation dimension of the country
Give examples of these dimensions and how they relate to global business transactions

Think of the group experiences you have had at work, at home, at school, or in any formal or informal organizational environment. Think of “organizational environment” as simply meaning a group of individuals that get together to pursue a goal. Think of a specific example from those experiences, and see which one of the models of group dynamics best applies to that example. Choose specifically one from the following theories: the stages of group development, the punctuated-equilibrium model, collective efficacy, cohesion, or social loafing. You can choose an example where the group was highly effective, or an example where the group dynamics became an obstacle to performance.

Think of the group experiences you have had at work, at home, at school, or in any formal or informal organizational environment. Think of “organizational environment” as simply meaning a group of individuals that get together to pursue a goal. Think of a specific example from those experiences, and see which one of the models of group dynamics best applies to that example.

Choose specifically one from the following theories: the stages of group development, the punctuated-equilibrium model, collective efficacy, cohesion, or social loafing. You can choose an example where the group was highly effective, or an example where the group dynamics became an obstacle to performance.mics

: We will be looking closely at deontology this week, as well as utilitarianism, and we will be discussing the basis of morality. Deontology is just a means of understanding normative morality. You can do this by applying such things as Kantian Absolutism or Divine Command Theory to problems of a moral nature. This week I want you to use the readings for the week to help you create an argument for or against the culture of the N. discussed in Brockmeier's, "The Jesus Stories." What can you say of them as people and of their philosophy? What would be their collective sense of morality? What does Brockmeier hint that it is? **10 or so well-rounded sentences are required for your initial posting**

define all these

Organizational structure -

Simple organizational structure -

Functional organizational structure -

Multidivisional organizational structure -

Matrix organizational structure -

International organizational structure -

Network structure -

Boundaryless organizational designs -

Barrier free organizations -

Modular organizations -

Virtual organizations -

Centralized decision making -

Decentralized decision making -

Informal organizational structure -

Building an organization for execution

Staffing the organization -

Managing resources and capabilities-

Structuring the organization -

Three approaches to building resources and capabilities

Developing capabilities internally -

Mergers and Acquisitions -

Collective partnerships -

Staffing the organization

Strong management team -

Recruit, train, retain -

Two signs of good strategy execution-

Subject: Intro to entrepreneurship

Creative problem solving is essential for developing innovation beyond just producing new idea. Discuss the steps involved in creative problem solving. Identify the areas where problems may arise in your business idea / venture and discuss the techniques for creatively solving these business challenges.