Administrative Expenses

Question 1

From the perspective of the employer, why is it so important to have employees who can critically think? From your perspective, how has critical thinking helped you in the past, or how do you perceive it helping you as an employee in the future? (Consider your dream job!)

Your work should be at least 500 words, but mostly draw from your own personal experience. This should be written in first person and give examples from your life. Be sure if you are using information from the readings that you properly cite your readings in this, and in all assignments.

Question 2

Problem Solving

Throughout the course, we will be coming back to the decision making process and discussing how we solve problems. Many of the things we discuss in the course refer to avoiding the pitfalls that many people make in problem solving. In your opinion, what is problem solving? Why is it important? What is an example of a time you succeeded at solving a problem? What is a time you failed at solving a problem?

Your work should be at least 500 words, but mostly draw from your own personal experience. This should be written in first person and give examples from your life. Be sure if you are using information from the readings that you properly cite your readings in this, and in all assignments.

Question 3

1) Assume that all of Company A’s net sales ($2,625,500) are “on account.” Write the journal entry necessary to record total net sales for 2015.

2) Write the journal entry necessary to record Company A’s “Selling, general, and Administrative expenses” ($1,122,000) for 2014, assuming that 90 percent of the expense was paid for with cash while 10 percent was paid for on credit to regular suppliers.