The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates a retail shoe store. 1. Issued 50,000 shares of common stock in exchange for $250,000 cash.
2. Purchased office equipment at a cost of $50,000. $20,000 was paid in cash and a note payable was signed for the balance owed.
3. Purchased inventory on account at a cost of $100,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $170,000. The cost of the goods sold was $85,000.
5. Paid $2,000 in rent on the store building for the month of June.
6. Paid $1,200 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2021.
7. Paid $72,250 on account for the merchandise purchased in 3.
8. Collected $34,000 from customers on account.
9. Paid shareholders a cash dividend of $2,500.
10. Recorded depreciation expense of $1,000 for the month on the office equipment.
11. Recorded the amount of prepaid insurance that expired for the month.
Required: Prepare journal entries to record each of the transactions and events listed above.

Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. as a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

The hawthorne works was a large western electric factory with 45,000 employees. during the 1920s and 1930s, hawthorne works was the site of some well-known industrial studies. in one of the studies, researchers investigated the impact of different working conditions on worker productivity. prior to the start of the study, researchers secretly measured workers' productivity for several weeks. then researchers chose two workers, who then chose their own teams. the teams were separated from the general workforce and completed their work in different experiment rooms where the researchers could observe them more easily. over a 5-year period researchers manipulated the structure of the workday for each team (number and duration of breaks and number of hours per shift). for each of these changes in working conditions, the researchers measured the effect on productivity. for some conditions, such as frequent short breaks, workers rebelled by intentionally decreasing productivity.why did the researchers secretly measure the workers' productivity before creating the two treatment groups? a, to create similar treatment groups so that a cause-and-effect relationship could be establishedb, to draw conclusions about the productivity of all workers in the plant based on the test groupsc, to directly control for confounding variablesd, to provide a baseline for measuring worker productivity