Radomir Company buys merchandise on account from Lemke Company. The selling price of the goods is $1,350, and the cost of the goods is $940. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies

See explanation section.

Explanation:

In the book of Radomir Company

merchandise inventory                      Debit = $1,350

account payable - Lemke Company Credit = $1,350

To record the purchase from Lemke Company on account.

In the book of Lemke Company,

Accounts receivable Radomir Company Debit  $1,350

Sales revenue                                            Credit $1,350

To record the sales on account.

Cost of goods sold Debit         = $940

Merchandise inventory Credit = $940

As the company uses perpetual inventory system therefore, the company will gave cost of goods sold journal.

It says that managers don't have to play a leading role under certain conditions.

Explanation:

Leadership Substitute:

A characteristic of a delegate or a circumstance or condition in which leadership works in place of a leader, inappropriate in leadership. All Leaders of an organization can sometimes work very well without a director controlling the management.

The most important aspects of a company are effective leadership, many experts agree. But sometimes it's not necessary to have leadership.  

For example, Raj is a father and that he wants his daughter to do her work. Raj knows he can usually make his daughter do things if he gives her an exchange piece of candy.

However, it's the day after Halloween in this scenario but she already has chocolates. In this respect, Raj's power of leadership has been eliminated, since the normally used award is not effective.