As a result of changing technology and unstable environment, your company is planning to undertake restructuring of the business. the employees in your company are worried about this upcoming change and many of them are anxious due to a fear that they will lose their jobs as a result of this change. but that is not the case. the company only wants to restructure its business units, and it is not planning to cut down on jobs. in such a situation, which of the following techniques is most likely to be used by your company to deal with the employees' resistance to change? a) implementing changes fairlyb) education and communicationc) participationd) manipulation and cooptatione) coercion

In march 2018, the phillips tool company signed two purchase commitments. the first commitment requires phillips to purchase inventory for $110,000 by june 15, 2018. the second commitment requires the company to purchase inventory for $160,000 by august 20, 2018. the company's fiscal year-end is june 30. phillips uses a periodic inventory system. the first commitment is exercised on june 15, 2018, when the market price of the inventory purchased was $90,000. the second commitment was exercised on august 20, 2018, when the market price of the inventory purchased was $125,000. required: prepare the journal entries required on june 15, june 30, and august 20, 2018, to account for the two purchase commitments. assume that the market price of the inventory related to the outstanding purchase commitment was $144,000 at june 30. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)