A personal drive is necessary for self-motivation, although other people may encourage you when you're doing well and provide a hand when things aren't going as planned in group motivation. Self-motivation demands a personal desire.
This is further explained below.
What is Self-motivation?Generally, The concept of motivation refers to the driving force behind why people and other creatures start, maintain, or stop engaging in a certain action at a certain point in time.
It is usual practice to define motivational states as factors operating inside the agent that provides a tendency to participate in an action that is geared toward achieving a goal.
In conclusion, A personal drive is required for self-motivation, but other people may support you when you're doing well and provide a hand when things aren't going as planned in group motivation. Self-motivation requires a personal drive, while group motivation requires a group drive. A strong personal passion is necessary for self-motivation.
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Problem 2-5A (Algo) Analyze the impact of transactions on the accounting equation and record transactions (LO2-2, 2-4)
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Karen owns a lawn maintenance company, and Janine owns a machine repair shop. For the month of July, the following transactions occurred.
July 3 Karen provides lawn services to Janine's repair shop on account, $450.
July 6 One of Karen's mowers malfunctions. Janine provides repair services to Karen on account, $400.
July 9 Janine pays $450 to Karen for lawn services provided on July 3.
July 14 Janine borrows $550 from Karen by signing a note.
July 18 Karen purchases advertising in a local newspaper for the remainder of July and pays cash, $120.
July 20 Karen pays $400 to Janine for services provided on July 6.
July 27 Janine performs repair services for other customers for cash, $750.
July 30 Janine pays employee salaries for the month, $250.
July 31 Janine pays $550 to Karen for money borrowed on July 14.
Problem 2-5A (Algo) Part 2
Required:
2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decreases to account classifications should be entered as a negative.)
Entering the impact of each transaction on the accounting equation for each company is as follows:
Karen (Lawn Maintenance Company):Assets = Liabilities + Equity
Date Cash Accounts Notes = Accounts + Retained Earnings
Receivable Receivable Payable Revenue - Expenses
July 3 $450 $450 (Service Rev.)
July 6 $400 -$400 (Repair Expense)
July 9 $450 -$450
July 14 -$550 $550
July 18 -$120 -$120 (Advertising Expense)
July 20 -$400 -$400
July 31 $550 -$550
Janine (Machine Repair Shop):Assets = Liabilities + Equity
Date Cash Accounts = Notes Accounts + Retained Earnings
Receivable Payable Payable Revenue - Expenses
July 3 $450 -$450 (Lawn Expenses)
July 6 $400 $400 (Service Revenue)
July 9 -$450 -$450
July 14 $550 $550
July 20 $400 -$400
July 27 $750 $750 (Service Revenue)
July 30 -$250 -$250 (Salaries Expense)
July 31 -$550 -$550
Transaction Analysis:Karen's Company:July 3 Accounts Receivable $450 Service Revenue $450.
July 6 Repairs Services $400 Accounts Payable $400
July 9 Cash $450 Accounts Receivable $450
July 14 Note Receivable $550 Cash $550
July 18 Advertising Expenses $120 Cash $120
July 20 Accounts Payable $400 Cash $400
Janine's Company:July 3 Lawn Expenses $450 Accounts Payable $450
July 6 Accounts Receivable $400 Service Revenue $400
July 9 Accounts Payable $450 Cash $450
July 14 Cash $550 Note Payable $550
July 20 Cash $400 Accounts Receivable $400
July 27 Cash $750 Service Revenue $750
July 30 Salaries Expense $250 Cash $250
July 31 Note Payable $550 Cash $550
Thus, the accounting equation states that Assets = Liabilities + Equity.
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Identify and describe at least three factors in the external environment that affect college environment.
The external environment, technological environment ,sociocultural environment are three factors in the external environment that affect college environment.
Another significant development that shouldn't be ignored is the state of the economy. This environment alludes to crucial elements of the financial framework in which colleges function. For instance, a decrease in tuition costs is an example of transformation in the economic realm. Due to the tightening of the spending ceilings, as tuition costs drop, the number of students enrolled for a given time period rises. Additionally, an institution with better or even great financial management will see higher enrollment success.The ethical view of an individual is formed by the contribution mostly of these factors -
Family influencePeer influence (friends, school mates)Life experiencesPersonal values and moralsSituational factors (certain events)Learn more about external environment
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Taxes are cut by 10% for all income levels. What type of policy is being conducted
When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.
What is a expansionary fiscal policy?
Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.
Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.
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Accounts must have a high sense of________ in which they use personal morals and values when making business decisions
Accountants need to have a strong sense of objectivity so that they may base business judgments on their own morals and values.
What are one's own values and morals?Values define what people personally want, whereas morals define what the society in which they live wants for them. In a particular society, some behaviors are viewed as desirable while others are viewed as undesirable.
Where do your moral principles come from?One response to this is that moral principles are taught by religions through sacred books and religious leaders, and that even non-religious people's moral principles have been absorbed from the religious past present in their environment.
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Identify four factors of production needed by Baker’s to produce bread and cookies.
In batch production, a set of things are finished through each stage of the production process one at a time. Making bread at a bakery is a nice illustration of batch manufacturing.
What are the four 4 factors of production What is their relationship?Inputs utilized in the creation of goods or services to generate a profit are referred to as factors of production in economics. These comprise any material required for the production of a good or service. Land, labor, capital, and entrepreneurship are the components of production.
The elements used to make a cake, such as flour and sugar, all came from crops, which are analogous to the factors of production (land). Even the chickens that laid the eggs consumed grains or corn that had been cultivated in the soil. You put forth the time and effort to combine the elements (labor).
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what are the four considerations you should follow to uphold your ethics? is it don’t jump to conclusions, evaluate the situation, identify the criteria and seek counsel?
There are four main principles of ethics: autonomy, beneficence, justice, and non-maleficence.
Ethics is what courses us, to tell the truth, keep our promises, or help someone in need. there's a framework of ethics underlying our lives on a day-by-day foundation, supporting us make choices that create advantageous effects and guidance us far from unjust outcomes.
We use ethics in our everyday lives to improve the exceptional of our relationships. high satisfactory close relationships contribute to intellectual and physical nicely-being. They fulfill our mental want for intimacy and belongingness. How we deal with others is primarily based on what we cost in relationships.
Ethics is a set of ethical requirements and values ideal in society. it's miles applicable in the context of a society most effective. Ethics courses human conduct or behavior. If any member of society behaves contrary to the norms and customs, society disapproves of it.
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Do some research online and list 3 promotions that have exceeded a business' expectations
List three promotions that have surpassed a business's expectations after doing some online research.
7 methods for exceeding clients' expectations
Don't be afraid to surprise people.
Become more responsive.
Ensure a unified experience over all channels.
Avoid making commitments you can't maintain.
Get close.
aiding customers in self-help.
Include your target audience in the creation process.
What are six strategies to satisfy or surpass expectations?Six Ways to Outperform Customers' Expectations
Think carefully. Give them a pleasant, simple purchasing experience.
Be perfect in your word choice. Give thorough explanations of your goods or services, and only make guarantees you can maintain.
Maintain good manners.
Keep your word.
Be approachable.
Donate freely.
Can you give an instance where you surpassed a client's expectations?taking over for a manager or boss who was forced to miss work due to unforeseen circumstances. putting forth extra effort to satisfy an unique request from a patient, client, or other constituent. Anything else you did to make your company's clients or customers happy outside the scope of your regular work responsibilities
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Which scenarios can be considered effects of Soul Sister shoe store choosing to sell dresses shoes or over sneakers select two answers
Option A and B are correct. A)High faculty athletes quit purchasing there: This choice is correct. As the corporation is no extra producing the sneaker shoe. Therefore, excessive school athletes stop shopping there. This choice is correct.
B.)The stock of sports activities socks goes unsold: This choice is correct.
As the business enterprise modifications the manufacturing from the sports activities to the dress shoes. The gadgets of sports socks go unsold, as no greater buyers will come to purchase the socks only. This impact is correct.
What is an instance of a scenario?A possible scenario would be that we pass to the city. The most in all likelihood scenario is that he goes again to faculty in the fall. The best-case scenario would be for us to finish the work via tomorrow. In the worst-case scenario, we would have to start the undertaking all over again.
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https://brainly.com/question/14924029#SPJ9How much money must you deposit in a savings account today to have Rs. 20000 in 20 years if the interest rate 7% compounded annually?
You must deposit Rs. 6122 into a savings account today.
Equation:-Assuming that Principal (P) = 20000
A = P[1+(R/100)] where Rate (R) = 7 and Number of Years (n) = 20.
ⁿ\s= 20000[1+(7/100)]
²⁰\s= 20000[1+(1/7)]
²⁰\s= 2000[(7+1)/7]
²\s= 20000 X (8/7) X (8/7)\s= 26122
Total Amount, A = 26122 Rupees
Compound Interest (CI) equals A-P = Rs. 26122 x 20 000 = Rs. 6122
What does the term "compound interest" mean?The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
What is meant by the phrase "compound interest"?Compound interest is the term for interest that is earned on interest. This may be shown using simple math: if you start with $100 and it earns 5% interest every year, you will have $105 at the end of the first year. After the second year, you'll have $110.25.
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36). The mature partnership phase is characterized by ____.
A). tasks
B). testing of roles
C). reciprocity
D). career-oriented exchanges
Which is correct?!
Option (C) reciprocity is correct.
The mature partnership phase is characterized by reciprocity.
This phase comes under LMX theory.
What is LMX theory?The formal leader-member exchange theory, which first elaborated on the nature of the leader-follower interaction and its results before creating a model for effective leadership, was most notably developed by George Graen and his colleagues.While the majority of theories have placed a strong emphasis on the leader's perspective, the LMX theory views leadership as a process that is oriented on interactions between leaders and followers. According to the LMX theory, the process is centered on a dyadic relationship between leaders and followers.A prescriptive approach to leadership called leadership making emphasizes that all of a leader's followers, not just a select few, should engage in high-quality exchanges with them. Three phases—the stranger phase, the acquaintance phase, and the mature partnership phase—are involved in the development of leadership through time.High-quality discussions between leaders and members characterize phase three, mature cooperation. People that have developed to this stage in their relationships feel a great deal of obligation, respect, and trust for one another.Learn more about LMX theory here:
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You are planning your retirement and you come to the conclusion that you need to have saved $3 million in 30 years. You can invest into an retirement account that guarantees you a 10% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal?
The amount that he should put into the account at the end of each year is $18,237.74.
How much should he put in the account each year?An annuity is a series of payment that is made over a period of time. The amount that should be invested at the end of each year to meet the retirement goal is a function of the future amount you want when you retire, the number of years before you retire and the interest rate.
Amount to be invested each year = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
r = interest rate = 10%n = number of years = 30Annuity factor = [(1.10^30) - 1] / 0.10 = 164.49402
Amount to be invested each year = 3,000,000 / 164.49402 = $18,237.74
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35). The later LMX studies shifted focus from describing in- and out-groups to focusing on how LMX ______.
A) relates to organizational effectiveness
B) assesses leader behaviors
C) mirrors servant leadership
D) relates to follower skill development
Which is correct!
Renee works at Indigo Inc. and attends school part-time as part of her company’s educational assistance program. In 2020 her company reimbursed her a total of $6,250 for tuition, books, supplies, fees, etc., related to her schooling. How much of this amount can Renee exclude from her gross income?
A. $0, this is a company sponsored benefit and does affect the individual’s return
B. $5,250, the maximum exclusion allowed under an employer’s educational assistance program
C. $5,750 the maximum exclusion allowed under an employer’s educational assistance program
D. $6,250 the maximum exclusion allowed under an employer’s educational assistance program
A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The statement is False. A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The proprietors of a corporation are shareholders (also referred to as stockholders) who gain hobby in the business by using shopping stocks of stock. Shareholders choose a board of directors, who are answerable for coping with the organization.
Nowadays, the standard answer is that an organization's purpose is to benefit its shareholders – academics communicate the “shareholder primacy norm,” and many communicate corporate managers' projects as “shareholder wealth maximization.” Even apparently selfless corporate acts, including charitable donations, are justified.
A company is a form of commercial enterprise employer that doubles as a separate criminal entity from its proprietors. All businesses are companies, however, now not all corporations are necessarily companies.
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