Answer:
One amount in the debit column must be equal to two or more amounts in the credit column or one amount in the credit column equals to two or more amounts in the debit column or under compound entry, a few debits will be equal to a few credits. The rule for journalising is the same as that of simple journal.
Explanation:
Journalizing is the process of recording a business transaction in the accounting records. ... Examine each business transaction to determine the nature of the transaction. For example, the receipt of a supplier invoice means that an obligation has been incurred.
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Explanation:
journalism is the practice of documenting a business translation account records
the rules of journalists are:-
1. debit purchase account and credit sales account.
2. debit expenses account and credit cash/bank account.
journatising example are:-
1. real account
2. personal account
3. nominal account
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higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?
Answer:
328.5
Explanation:
18000*annual interest rate*days/360
18000*7.3%*90/360 = 328.5
Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.
Individual 1: Individual 2:
= Amount x Interest x Period / year = 18,000 x 5.98% x 1 year
= 18,000 x 6.75% x 4/12 months = $1,076.40
= $405
Individual 3: Individual 4:
= 18,000 x 7.3% x 90/365 days = 18,000 x 7.15% x 8/12 months
= $324 = $858
In conclusion, Individual 3 will pay the least interest.
The customers in question are:
A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.
B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.
C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.
D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.
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If Japan ____, then Japan is guilty of dumping cars into the US market.
A) sells cars in the US for a price above production costs
B) sells cars in the US for a price below production costs
C) produces cars at a lower cost than the US can produce them
D) produces cars at a higher cost than the US can produce them
Answer: A) sells cars in the US for a price above production costs
Explanation:
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identify characteristics of notes payable that are not common to accounts payable.
Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:
Payment period Conversion Entities owedThe following are differences between notes payable and accounts payable:
Payment period - Accounts payable are to be paid in less than a year whereas Notes payable can either be less or more than a year. Conversion - Accounts Payable can be converted to a notes payable if the company is unable to pay them off in time. A Notes payable on the other hand, cannot be converted to an Accounts payable. Entities owed : Accounts payables are owed to suppliers of the company but Notes payable are owed to financial institutions.In conclusion, notes payables and accounts payables have several differences.
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At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible Accounts of $940 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. Bad debt expense for the year should be:
Answer:
$5,230
Explanation:
Account receivable balance = $310,000
Credit balance in allowance for uncollectible accounts = $970
Given percentage = 2%
So by considering the above information, the bad debt expense is
= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts
= $310,000 × 2% - $970
= $6,200 - $970
= $5,230
as the attrition loss in a process increases, what happens to the yield?
Answer:
The yield decreases
Explanation:
which of the following identifies the goods or services of a specific business, person, or organization?
The term that helps in identification of goods as regards this question is B: Trademark.
A trademark can be regarded as an intellectual property, which helps in offering of protection for a brand.It identity the source where the goods/service comes from, and distinguish it from someone else business.Therefore, option B is correct.
CHECK THE COMPLETE QUESTION;
Which of the following identifies the goods or services of a
specific business, person, or organization?
Trademark
License
Fair use designation
Copyright
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how can I do my homework better
Answer:
By studying and reading your homework.
You are a manager of a water park. Customers
have been complaining about the long lines and
discourteous service they have been receiving
from employees. To close the customer service
gap, write 3 things that employees can do to
offer better customer service.
I. Have the employees be more observant of customer needs and lines.
II. Ask customers how they are doing at the park and if they have questions.
III. Welcome customers in to every ride, booth, and every other entertainment at the park.
Coffee Company had a $500 beginning balance in its supplies account. The company purchased $2,000 of supplies during the accounting period. A physical count of supplies determined that $400 of supplies were on hand at the end of the accounting period. The amount of supplies expense to be recognized is ______.
Answer:
$2,100
Explanation:
Supplies is a asset which is debited to add, credited to remove
We start with $500, and purchase $2,000, leaving us with $2,500 in supplies.
We have $400 left at the end of the accounting period.
$2,500 - $400 = $2,100 (used)
Therefore, we make our adjustment, and debit the Supplies expense account for $2,100
if firms can set appropriate service criteria, train employees to meet and exceed those criteria, and measure service performance, they generally can close the ________ gap.
If firms can set appropriate service criteria, train employees to meet and exceed those criteria, and measure service performance, they generally can close the Performance Gap.
This is because the Performance Gap is a type of gap that arises when there is a difference in the performance of the employees against the employer's expectation.
It is often described as the difference between the current service situation and the intended service situation.
Many things or factors can cause a performance gap; some of the major factors that lead to the performance gap include the following:
Inadequacy of job knowledge. Amending job requirements. Inadequacy of understanding of the role due to improper hiring.Hence, in this case, it is concluded that closing the performance gap can make employees meet and exceed the appropriate service criteria of the firm.
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________ capital is the economic or productive potential of employee knowledge and actions.
Answer:
human capital i think
Explanation:
If you could franchise a business - what business would you choose? (2-3 sentences)
Answer:
I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.
Explanation: In Russia dog does not eat your homework, I do.
what is the searching of trade?
Answer:
shares are traded on a stock exchange
features of government
Answer:
Key features of the democratic governments are:
• People choose their own representatives to the parliament.
•Free and fair elections are held at regular intervals.
•Judiciary is independent of the control of executive and legislature.
•There is an increased participation of people in political processes.
Explanation:
that the answer hope it helping
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According to the video, the work of Heating and Air Conditioning Mechanics and Installers combines the skills of which workers? Check all that apply. Pump Operators Plumbers Electricians Refrigeration Specialists Power Plant Technicians Hydroelectric Production Managers
Answer:
B,C,D
Explanation:
Plumbers
Electricians
Refrigeration Specialists
On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $55,400. During 2021, $93,000 was paid for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $45,500. Insurance expense for 2021 was:
Based on the amount paid for insurance and the prepaid balance, Coolwear Inc. probably had an insurance expense of $102,900.
The insurance expense of the year can be calculated as:
Closing prepaid insurance = Opening prepaid insurance + Amount paid for insurance - Insurance expense
Solving will give:
Insurance expense = Opening prepaid insurance + Amount paid for insurance - Closing prepaid insurance
= 55,400 + 93,000 - 45,500
= $102,900
In conclusion, insurance expense was $102,900.
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Which account will have the highest annual percentage yield (APY)?
A. One that is compounded yearly.
B. One with simple interest that is calculated monthly.
C. One with simple interest that is calculated yearly.
D. One that is compounded monthly.
The account that will have the highest annual percentage yield (APY) is the "One that is compounded monthly."
This is because, generally, the compound interest account earns more money than a simple interest account.
This is because, in a compound interest account, you not only earn interest on your original money, you also earn interest on the profit you earned or accumulated.
Hence, given that the regular or frequently your money and profits increase or compound, the higher your whole account would increase at the end of the year.
Therefore, in this case, it is concluded that the account compounded monthly will have the highest annual percentage yield (APY) because the whole money is multiplied frequently or monthly.
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what is the source of income for the four sectors of the economy
Answer:
Consumer, Investment, Government, and Foreign.
Explanation:
Consumer:
Personal disposable income
Investment:
Retained earnings
Government:
Indirect business taxes, Corporate income taxes, Social Security contributions, and Individual Income taxes.
Foreign:
No specified source of income but is instead represented by the difference in goods sent abroad and goods purchased from abroad.
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To help food advertisers produce more effective advertising, the Food Marketing Institute did a study that asked respondents which of four reasons best explained why they wanted to eat more nutritiously: to lose weight, to prevent health problems later in life, to follow their doctor's advice, or to manage an existing medical condition. The answer to this question is an example of ________ research.
Considering the situation described above, the answer to this question is an example of quantitative research.
This is because quantitative research is a type of research that seeks to measure and interpret numerical data.
It is carried out by gathering, assessing, and decoding numerical data. These data can be responses from people, which are then ranked based on number of respondents on each response.
Thus, in this case, the options that ranked highest in number would be the option the researcher would pick.
Hence, in this case, it is concluded that the correct answer to the question is Quantitative Research.
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Commenced business with cash of Rs 20,000 and Goods worth Rs 25,000
Answer:
Whats the question
Explanation:
Advertising, sales promotion, public relations, and buzz building activities are all ________. A) channels that should be integrated under the concept of integrated marketing communications B) channels focused more on interactive marketing than traditional marketing C) promotional tools used for push strategies but not pull strategies D) promotional tools used for pull strategies but not push strategies
Answer:
B
Explanation:
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Suppliers deliver product to restaurants on a regular schedule throughout the week. You are responsible for checking delivery or having another staff person do so. What are key things to look for?
a) Is the quality up to your standards?
b) Damaged and unsellable items
c) is anything missing from the invoice?
d) Incorrect items
e) All of the above
Answer: e) All of the above
Explanation:
because it is hard to fire employees, ________ is widely held as one of the most important hr practices to do well.
Answer:
pandemic
internet
social media
letter
give bonus
give kiss hahha
Because it is hard to fire employees, selection is widely held as one of the most important hr practices to do well.
Selection is very important when it comes to hiring a candidate as selection process help the human resource manager or hiring manager to pick the right candidate or suitable candidate for the job.
For a company or organization that was to succeed, choosing the right candidate is important as this enables the company to achieve their aims and objectives.
A right candidate is the person who has the best interest of the company at mind and who always put in his or her best in every tasks.
Selecting a wrong candidate can affect the company growth as the candidate may be someone who perform poorly or who is incompetent when it comes to tasks or duties assign to them and they may mostly have the interest of the company at mind
It is important that hiring managers select the right and the best candidate so as to avoid the stress of having to fire employees.
Inconclusion because it is hard to fire employees, selection is widely held as one of the most important hr practices to do well.
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in response to a shortage caused by the imposition of a binding price ceiling on a market,
In response to a shortage caused by the imposition of a binding price ceiling on a market,
a. price will no longer be the mechanism that rations scarce resources.
b. long lines of buyers may develop.
c. sellers could ration the good or service according to their own personal biases.
A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.
When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.
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write short notes by Napier bone
Answer:
Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.
in which step of the price setting process would a new-product manager decide whether to adopt a penetration or a skimming pricing strategy for a new product she is about to introduce to the market?
which market structure is defined by a single producer?
Answer:
Monopoly. A condition that has none of the requirements for a competitive market such as adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits is called a(n)
Explanation:
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why must a monopoly supply a good or service that has no close substitute
Answer:
Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.
Explanation:
would the company be allowed to monitor the emails of his employees?
Answer:
yes in the united states the buissness has the right to monitor every email
Explanation:
its in the lawbook
new haven products has used lifo inventory valuation for the life of the company. each year, their lifo reserve increases. what can be assumed about the prices of inventory?
It can be assumed that the prices of inventory is increasing.
The LIFO method is an inventory system where the inventory purchased last is assumed to be the first to be sold. Ending inventory would be made up of inventories that were first purchased.
The FIFO inventory is an inventory system where the first purchased inventory is assumed to be the first to be sold. Ending inventory consists of inventory that was purchased last.
The LIFO reserve is the difference between the FIFO inventory and the LIFO inventory.
LIFO reserve = (FIFO inventory) - (LIFO inventory).
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