Q1. Jamal started his own business on May 1,2010. The following accounts selected from his trial balance at May 31 is as follows: Supplies 1900, Prepaid Insurance 3600, Furniture 10200, Unearned Revenue 2000. Analysis reveals the following data: 1. $900 of supplies currently on hand. 2. Transportation expense incurred but not paid $200 on May 31,2010. 3. The Insurance Policy is for 1 years. 4. $900 of the balance of the Unearned Revenue account remains Unearned at the end of the month. 5. Jamal has three employees, 3 days accrued salaries for October and each employee paid $50 per day. 6. The furniture is being depreciated at $200 per month. 7. $1000 of services performed during the month have not been recorded as of May 31. Required : Prepare the Adjusting entries as at May 31,2010

Answers

Answer 1

To prepare the adjusting entries for Jamal's business as of May 31, 2010, we need to consider the data provided:

1. Supplies on hand are valued at $900, which means that $1,000 worth of supplies has been used during the month. Therefore, we need to record a Supplies Expense account for $1,000 and reduce the Supplies account by the same amount.

2. Transportation expense of $200 has been incurred but not yet paid. We need to record a Transportation Expense account for $200 and a corresponding Accounts Payable account for the same amount.

3. The prepaid insurance policy is for one year. Therefore, we need to record an Insurance Expense account for $3,300 (3600/12*11) to recognize the portion of the policy that has been used up during the month. We also need to reduce the Prepaid Insurance account by the same amount.

4. $900 of the Unearned Revenue account remains unearned at the end of the month. We need to record an Unearned Revenue account for $900 and reduce the Unearned Revenue account by the same amount.

5. Three days of accrued salaries for October are worth $450 (3 employees x $50 x 3 days). We need to record a Salaries Expense account for $450 and a corresponding Salaries Payable account for the same amount.

6. The furniture is being depreciated at $200 per month. We need to record a Depreciation Expense account for $200 and reduce the Furniture account by the same amount.

7. $1,000 of services performed during the month have not been recorded as of May 31. We need to record a Service Revenue account for $1,000 to recognize the revenue that has been earned during the month.

In summary, the adjusting entries are as follows:

Supplies Expense         1,000
    Supplies                      1,000
(supplies worth $1,000 used during the month)

Transportation Expense   200
    Accounts Payable            200
(Transportation expenses due)


Insurance Expense         3,300
    Prepaid Insurance         3,300
(Prepaid insurance expired)

Unearned Revenue          900
    Service Revenue             900
(Unearned revenue adjusted against service revenue)


Salaries Expense            450
    Salaries Payable            450
(Salaries due for employees)


Depreciation Expense      200
    Furniture                              200
(Depreciation charged on furniture)


Service Revenue            1,000
    Accounts Receivable        1,000

(Service revenue earned but not received)

Know more about "adjusting entries".

https://brainly.com/question/30696995

#SPJ11


Related Questions

As a general rule, as the level of task interdependence ______, the need to organize people into teams ______.

Answers

As a general rule, as the level of task interdependence increases, the need to organize people into teams also increases.

This is because tasks that are highly interdependent require close collaboration and coordination between team members in order to be completed successfully.

By working in a team, individuals can pool their skills and resources, share information, and support each other as they work towards a common goal. This helps to ensure that tasks are completed efficiently and effectively, and that the overall project or initiative is successful.

To know more about general rule , refer here:

https://brainly.com/question/29612078#

#SPJ11

a factory has production function q = f(l, k). in year 1: 212 = f(78, 144) in year 5: 309 = f(117, 216)
This production function display increasing returns to scale over the five years period? True False

Answers

False. The production function q = f(l, k) does not display increasing returns to scale over the five-year period. To determine this, we can compare the proportional increases in inputs (l and k) to the proportional increase in output (q).

From year 1 to year 5, labor (l) increased by 117/78 = 1.5 times, and capital (k) increased by 216/144 = 1.5 times. Output (q) increased from 212 to 309, which is an increase of 309/212 ≈ 1.46 times.

Since the proportional increase in output (1.46) is less than the proportional increase in inputs (1.5), the production function does not display increasing returns to scale.

Learn more about returns here:

https://brainly.com/question/30974189

#SPJ11

jack is trying to plan his financial future using an online tool. the tool starts off by asking him to input details about his current finances and career. it then lets him choose different future scenarios, such as having children. for each scenario chosen, the tool does some calculations and outputs his projected savings at the ages of 35, 45, and 55.would that be considered a simulation and why?

Answers

Yes, the aforementioned online tool qualifies as a simulation because it uses input data to provide projections and outputs depending on many scenarios, enabling users to explore and prepare for several potential.

What are three distinct simulation examples?

The majority of us are familiar with some applications of computer simulation modeling, such as weather forecasting, pilot training simulators, and vehicle crash modelling.

What programme is used to compare simulation results visually between several runs and models?

Throughout the modelling process, you can use a variety of additional visualisation tools provided by Simulink®. The ability to preserve simulation data is another feature of several visualisation tools.

To know more about data visit:-

https://brainly.com/question/10980404

#SPJ1

Alex works doing oil changes and is sick and tired of rude customers. alex decides to purposely use the wrong type of oil for the next rude customer knowing that it will harm the customer's engine in the long run but won't be traceable or noticed immediately. alex is considering sabotaging the next rude customer's care, a form of a. task performance. b. counterproductive work behavior. c. disengagement. d. organizational citizenship behavior.

Answers

Alex's decision to purposely use the wrong oil for a rude customer's car is an example of counterproductive work behavior, as it intentionally harms the customer and negatively impacts the organization

In this scenario, Alex is considering sabotaging the next rude customer's car by using the wrong type of oil. This action would be an example of counterproductive work behavior (

In contrast, task performance (a) is the process of carrying out one's job responsibilities effectively and efficiently.

Counterproductive work behavior(b)  refers to actions that intentionally harm an organization, its employees, or its stakeholders, such as customers.

Disengagement (c) refers to an employee's lack of involvement, dedication, or commitment to their work. Organizational citizenship behavior (d) involves voluntary actions that contribute positively to the organization, often going above and beyond one's job requirements.

To know more about the organization refer to

https://brainly.com/question/19334871

#SPJ11


Dovetail stock is expected to lose 5. 0 percent in a booming economy, earn 12. 5 percent in a normal economy, and earn 2. 0 percent in a recession. The probability of a boom is 14 percent while the probability of a normal economy is 57 percent. What is the expected rate of return on this stock?


i. 7. 01% ii. 8. 41% iii. −4. 41% iv. 3. 17% v. −2. 89%

Answers

The expected rate of return on this stock is 7.01%. The answer is (i).

The expected rate of return can be calculated using the formula:

Expected Return = (Probability of Boom × Return in Boom) + (Probability of Normal Economy × Return in Normal Economy) + (Probability of Recession × Return in Recession)

Substituting the given values, we get:

Expected Return = (0.14 × (-5.0%)) + (0.57 × 12.5%) + (0.29 × 2.0%)

Expected Return = -0.70% + 7.13% + 0.58%

Expected Return = 7.01%

Therefore, the expected rate of return on this stock is 7.01%. The answer is (i).

To learn more about stock  here

https://brainly.com/question/26128641

#SPJ4

A 6-year project is expected to generate annual sales of 10,100 units at a price of $88 per unit and a variable cost of $59 per unit. The equipment necessary for the project will cost $413,000 and wil be depreciated on a straight-line basis over the life of the project. Fixed costs are $250,000 per year and the tax rate is 34 percent. How sensitive is the operating cash flow to a $1 change in the per unit sales price? Multiple Choice

a. $5. 999 b. $4. 897 c. $6,666 d. $5. 172

Answers

Correct answer is c. $6,666

If a 10%, one-year, $1,000 note is dated october 1, 20x1, how much interest income should be recorded for the year ending december 31, 20x1 by the payee

Answers

The payee should record $25 as interest income for the year ending December 31, 20x1.

Simple interest is a type of interest that is calculated on the principal amount only. It does not take into account any interest that has already been earned.

The formula to calculate simple interest is;

Interest = Principal x Rate x Time

Where; Principal will be the amount borrowed or invested

Rate is the interest rate

Time is duration of the loan or investment

In this case, the principal is $1,000, the rate is 10% (0.10 as a decimal), and the time is 3 months (from October 1 to December 31).

To calculate the interest income, we need to first calculate the amount of interest by using the formula;

Interest = $1,000 x 0.10 x (3/12)

= $25

Therefore, the interest income is $25.

To know more about interest income here

https://brainly.com/question/31732844

#SPJ4

reference checking: group of answer choices has the highest validity as a selection method may cause legal issues for the reference and the prospective employer is not commonly used any longer should always be conducted by functional managers

Answers

Reference checking is fraught with legal issues for the reference and the prospective employer. So, correct option is A.

Reference checking is a process in which a prospective employer contacts a job applicant's former employers, supervisors, or colleagues to verify the applicant's work history, job performance, and character.

While reference checking can provide valuable information for the hiring decision, it is also fraught with legal issues for both the reference and the prospective employer.

References must be handled with care, and prospective employers must be careful not to ask inappropriate questions that could lead to discrimination or invade the applicant's privacy. Moreover, references must be truthful in their responses, and if they provide false information, they could be held liable for defamation.

While reference checking is still commonly used by many employers, its validity as a selection method is debatable. Some studies suggest that references have little predictive value for job performance, while others argue that they can provide valuable insights into an applicant's character and work ethic.

Ultimately, the decision to conduct reference checks should be left to the discretion of the hiring manager or human resources professional, who should take the necessary steps to ensure that the process is conducted fairly, legally, and ethically.

So, correct option is A.

To learn more about reference checking click on,

https://brainly.com/question/29995855

#SPJ4

Complete question is:

Reference checking:

a. is fraught with legal issues for the reference and the prospective employer

b. is not commonly used any longer

c. has high validity as a selection method

d. should always be conducted by Human Resource Managers

tinker's cost of goods sold in the year of sale (2022) was $750,000 and 2021 cost of goods sold was $770,000. the inventory at the end of 2022 was $188,000 and at the end of 2021 the inventory was $208,000. tinker's average number of days to sell its inventory during 2022 is closest to:

Answers

The average number of days to sell inventory for Tinker in 2022 is approximately 96.5 days.

To calculate Tinker's average number of days to sell its inventory during 2022, we need to use the inventory turnover ratio formula. This formula is calculated as cost of goods sold divided by average inventory.
First, we need to calculate the average inventory for 2022.

This can be done by adding the beginning inventory ($208,000) and ending inventory ($188,000) for 2022 and dividing by 2.

The average inventory for 2022 is $198,000.
Next, we can use the cost of goods sold for 2022 ($750,000) and divide it by the average inventory ($198,000). This gives us an inventory turnover ratio of 3.7879.
To calculate the average number of days to sell inventory, we divide 365 days by the inventory turnover ratio.

In this case, the mean number of days to sell inventory for Tinker in 2022 is approx 96.5 days.
It is worth noting that while Tinker's cost of goods sold decreased from 2021 to 2022, their inventory turnover ratio also decreased, indicating that they were not selling their inventory as quickly in 2022 compared to 2021.

For more such questions on cost

https://brainly.com/question/29509552

#SPJ11

Bayfiw corp. uses the percentage-of-receivables basis to record bad debt expense.


accounts receivable (ending balance)

$550,000 (debit)

allowance for doubtful accounts (unadjusted)

4,200 (debit)


the company estimates that 3% of accounts receivable will become uncollectible.


(a)


prepare the adjusting journal entry to record bad debt expense for the year. (credit account titles are automatically indented when amount is entered. do not indent manually. )


account titles and explanation

debit

credit








(b)


what is the ending (adjusted) balance in allowance for doubtful accounts?


ending (adjusted) balance in allowance for doubtful accounts

$


(c)


what is the cash (net) realizable value?

Answers

(a) The adjusting journal entry to record bad debt expense for the year can be calculated as follows:

Bad Debt Expense = Accounts Receivable x Estimated Uncollectible Percentage
Bad Debt Expense = $550,000 x 3%
Bad Debt Expense = $16,500

To record this in the books, the following adjusting journal entry needs to be made:

Bad Debt Expense       $16,500
Allowance for Doubtful Accounts   $16,500

(b) The ending (adjusted) balance in the Allowance for Doubtful Accounts can be calculated by adding the unadjusted balance of $4,200 to the bad debt expense recorded in the adjusting journal entry, which is $16,500.

Ending (Adjusted) Balance in Allowance for Doubtful Accounts = $4,200 + $16,500
Ending (Adjusted) Balance in Allowance for Doubtful Accounts = $20,700

(c) The Cash (Net) Realizable Value can be calculated by subtracting the Allowance for Doubtful Accounts from the Accounts Receivable.

Cash (Net) Realizable Value = Accounts Receivable - Allowance for Doubtful Accounts
Cash (Net) Realizable Value = $550,000 - $20,700
Cash (Net) Realizable Value = $529,300

Therefore, the ending (adjusted) balance in the Allowance for Doubtful Accounts is $20,700, and the Cash (Net) Realizable Value is $529,300.

Know more about "bad debt expense".

https://brainly.com/question/29343346

#SPJ11

The global pattern of gender inequality index scores is similar to the expected pattern of countries by level of economic development, with the exception of a few countries such as

Answers

The global pattern of gender inequality index scores is similar to the expected pattern of countries by level of economic development, with the exception of a few countries such as Saudi Arabia and Kuwait.

The Gender Inequality Index (GII) is a measure of gender inequality at the country level, developed by the United Nations Development Programme (UNDP). It takes into account three dimensions of gender inequality: reproductive health, empowerment, and economic activity.

The global pattern of GII scores generally follows the expected pattern of countries by level of economic development, with the exception of a few outliers.

In general, higher levels of economic development are associated with lower levels of gender inequality. Developed countries, such as those in Western Europe and North America, tend to have the lowest GII scores, indicating relatively high levels of gender equality.

Middle-income countries, such as those in Latin America and Asia, generally have higher GII scores, indicating greater gender inequality.

And low-income countries, particularly those in sub-Saharan Africa, tend to have the highest GII scores, indicating the greatest degree of gender inequality.

However, there are a few countries that do not follow this pattern. For example, some countries in the Middle East, such as Saudi Arabia and Yemen, have high levels of economic development but very high GII scores, indicating severe gender inequality.

On the other hand, some countries in Eastern Europe, such as Belarus and Ukraine, have relatively low levels of economic development but still have moderate levels of gender inequality, as measured by the GII.

These outliers may reflect the influence of cultural or political factors that contribute to gender inequality beyond the effects of economic development alone.

To know more about gender inequality index refer here :

https://brainly.com/question/23133836#

#SPJ11

What is the relationship between copyright law as it applies to intellectual property in the gaming industry and securing a licensing contract? what would be a good guess as to the general content of at least two clauses (restrictions or limitations of the license) that would be in intellectual property contracts?

Answers

Copyright law and intellectual property are essential components of licensing contracts in the gaming industry. The clauses in these contracts typically restrict the licensee's use and distribution of the licensed IP and aim to protect the owner's intellectual property rights.

When it comes to securing a licensing contract, copyright law and intellectual property become even more critical, as the license will define the terms and conditions under which the licensee can use the game's IP.



In the context of gaming, an intellectual property contract typically includes clauses that limit the licensee's use of the licensed IP.

For example, a licensing agreement may limit the licensee's use of the IP to a specific territory or region. Another clause may prohibit the licensee from modifying the licensed IP or using it to create derivative works.



Moreover, the license may restrict the licensee's ability to distribute the game or its IP in specific channels or markets. For instance, the licensee may be restricted from distributing the game on certain platforms or in certain regions.


To know more about Copyright refer here:

https://brainly.com/question/22399852#

#SPJ11

Explain in 100 words how communication through social networking websites varies from one-on-one communication?

Answers

Social networking websites facilitate communication in ways that are unique from one-on-one communicationin the terms of audience,  collective feedback, and communication speed.

Audience: In one-on-one communication, there is typically only one receiver. In contrast, social networking sites allow for communication with a wide range of people who are on one's friend list. A person's updates and messages can be seen by hundreds or thousands of people at once, and the response can also be seen by a wide range of individuals.

Collective feedback: People who post updates or messages on social networking sites receive feedback from a range of individuals, not just one person. Although one person may provide feedback that is more in-depth, the collective feedback can provide a wider range of perspectives.

Communication speed: Communication on social networking sites is faster than one-on-one communication, because a message can be sent out to many people at once. In contrast, one-on-one communication often has a time delay because the person is not available to receive the message at that moment. Social networking sites also provide the option of real-time communication, which is not always possible in one-on-one communication.

You can learn more about social networking websites at

https://brainly.com/question/4105195

#SPJ11

Tybee Industries Inc. Uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: Materials purchased on account, $2,500. Materials requisitioned and factory labor used:



Job Materials Factory Labor


301 $2,260 $1,990


302 2,760 2,690


303 1,830 1,310


304 6,190 4,940


305 3,930 3,760


306 2,870 2,390



For general factory use 770 2,950



Factory overhead costs incurred on account, $4,320. Depreciation of machinery and equipment, $1,410. The factory overhead rate is $70 per machine hour. Machine hours used:



Job Machine Hours


301 36


302 15


303 42


304 74


305 38


306 41


Total 246



Jobs completed: 301, 302, 303, and 305.



Jobs were shipped and customers were billed as follows: Job 301, $7,370; Job 302, $7,980; Job 303, $14,850.



Required:


Journalize the entries to record the summarized operations

Answers

Tybee Industries Inc. uses a job order cost system, and the above journal entries record the summarized operations related to production for January. These entries will help the company track the costs associated with each job and calculate the cost of goods sold for completed jobs.

To record the summarized operations related to production, we need to create several journal entries.

First, we need to record the purchase of materials on account. The entry would be as follows:

Materials Purchased on Account: $2,500

Accounts Payable: $2,500

Next, we need to record the issuance of materials and factory labor used. The entry would be as follows:

Job 301

Materials: $2,260

Factory Labor: $1,990

Work in Process: $4,250

Job 302

Materials: $2,760

Factory Labor: $2,690

Work in Process: $5,450

Job 303

Materials: $1,830

Factory Labor: $1,310

Work in Process: $3,140

Job 304

Materials: $6,190

Factory Labor: $4,940

Work in Process: $11,130

Job 305

Materials: $3,930

Factory Labor: $3,760

Work in Process: $7,690

For General Factory Use

Materials: $770

Factory Labor: $2,950

Factory Overhead: $3,720

Note that the total of the Work in Process account should equal the total of the materials and factory labor used for all jobs.

Next, we need to record the factory overhead costs incurred on account. The entry would be as follows:

Factory Overhead: $4,320

Accounts Payable: $4,320

We also need to record the depreciation of machinery and equipment. The entry would be as follows:

Depreciation Expense: $1,410

Accumulated Depreciation: $1,410

Finally, we need to record the completion and shipping of jobs and billing of customers. The entry would be as follows:

Accounts Receivable: $30,200

Job 301: $7,370

Job 302: $7,980

Job 303: $14,850

Cost of Goods Sold: $28,520

Work in Process: $28,520

Note that the cost of goods sold is calculated as the total cost of completed jobs.

Click the below link, to learn more about  cost system:

https://brainly.com/question/13450769

#SPJ11

Juan and lydia both work, file a joint return, and have one qualifying child. they have earned income of $19,400. what is their eic

Answers

The actual EIC amount may be lower than the maximum credit of $3,618.

To calculate the Earned Income Credit (EIC), we need to determine Juan and Lydia's earned income and their filing status.

Assuming that Juan and Lydia are both under 65 years old and their child meets the criteria to be a qualifying child, their maximum earned income for 2021 to qualify for the EIC is $21,430 for married filing jointly with one qualifying child.

Since their earned income is $19,400, which is less than the maximum amount, they are eligible for the EIC.

To calculate the EIC, we can use the EIC table in the IRS Publication 596. According to the table for tax year 2021, the maximum credit for a married couple filing jointly with one qualifying child and earned income of $19,400 is $3,618.

Therefore, the actual EIC amount may be lower than the maximum credit of $3,618.

To know more about Earned Income Credit here

https://brainly.com/question/14720058

#SPJ4

Understanding a situation from another's point of view means making an effort to "Walk a mile in their shoes".
False True

Answers

The statement 'understanding a situation from another's point of view means making an effort to "Walk a mile in their shoes" is true.

This phrase emphasizes the importance of empathy and considering other people's perspectives in order to better understand their experiences and feelings.

"Walk a mile in their shoes" is a common idiom that means to try and understand another person's experience or perspective by imagining oneself in their situation. It emphasizes the importance of empathy and seeing things from someone else's point of view, in order to build understanding and connection.

To learn more about effort, click here:

https://brainly.com/question/890147

#SPJ11

Compare and contrast the vertical and horizontal integration strategies of business combinations. which approaches did andrew carnegie and john d. rockefeller use initially

Answers

Vertical integration refers to the strategy of combining different stages of the production process within a single company, while horizontal integration refers to the strategy of merging with or acquiring competitors at the same stage of the production process.


Vertical integration is a strategy where a company expands its operations by acquiring or merging with other firms in the same supply chain, either upstream (suppliers) or downstream (distributors). This helps to control the production process, reduce costs, and ensure supply consistency.

Horizontal integration, on the other hand, involves a company expanding its operations by acquiring or merging with competitors in the same industry at the same level of the supply chain. This helps to increase market share, eliminate competition, and achieve economies of scale.

Andrew Carnegie, a prominent figure in the steel industry, primarily employed vertical integration. He acquired iron ore mines, coal mines, and transportation infrastructure to control all aspects of the steel production process, which led to cost savings and competitive advantage.John D. Rockefeller, the founder of Standard Oil, initially used horizontal integration to expand his business. He acquired or merged with numerous competitors in the oil refining industry, which enabled him to dominate the market and control pricing. Later, Rockefeller also employed vertical integration by investing in oil production and distribution.

In summary, vertical integration focuses on controlling the supply chain, while horizontal integration aims to dominate the market by merging with competitors. Andrew Carnegie used vertical integration, while John D. Rockefeller initially used horizontal integration before also adopting vertical integration.

Learn more about the Supply chain: https://brainly.com/question/25160870

#SPJ11

Phillips equipment has 6,500 bonds outstanding that are selling at 96. 5 percent of par. Bonds with similar characteristics are yielding 6. 7 percent, pretax. The company also has 48,000 shares of 5. 5 percent preferred stock and 75,000 shares of common stock outstanding. The preferred stock sells for $64 a share. The common stock has a beta of 1. 32 and sells for $41 a share. The preferred stock has a stated value of $100. The u. S. Treasury bill is yielding 2. 2 percent and the return on the market is 10. 6 percent. The corporate tax rate is 21 percent. What is the weighted average cost of capital?.

Answers

If he common stock has a beta of 1.32 and sells for $41 a share, the weighted average cost of capital for Phillips Equipment is 10.7%.

To calculate the weighted average cost of capital (WACC) for Phillips Equipment, we need to find the cost of each component of its capital structure and then weight them based on their market values.

First, we can calculate the cost of debt. Since the bonds are selling at a discount, the effective yield is higher than the coupon rate. Therefore, the cost of debt is:

(0.067 x 1 - 0.21) x 0.965 = 0.046 or 4.6%

Next, we can calculate the cost of preferred stock. Since the preferred stock is selling below its stated value, the effective yield is higher than the stated dividend rate. Therefore, the cost of preferred stock is:

(0.055 x 100 - 64) / 64 = 0.084 or 8.4%

Finally, we can calculate the cost of equity using the capital asset pricing model (CAPM). The risk-free rate is the yield on the U.S. Treasury bill, which is 2.2%. The market risk premium is the difference between the return on the market and the risk-free rate, which is 8.4%. The beta for the common stock is 1.32. Therefore, the cost of equity is:

2.2% + 1.32 x 8.4% = 13.9%

To calculate the WACC, we need to weight the cost of each component by its market value. The market value of the bonds is 6,500 x 0.965 = $6,272.50. The market value of the preferred stock is 48,000 x $64 = $3,072,000.

The market value of the common stock is 75,000 x $41 = $3,075,000. Therefore, the total market value of the capital structure is $6,153,272.50.

Weighting the costs of each component by its market value, we get:

(0.046 x $6,272.50 + 0.084 x $3,072,000 + 0.139 x $3,075,000) / $6,153,272.50 = 0.107 or 10.7%

This means that the company needs to earn a return of at least 10.7% on its investments to meet the expectations of its investors and to maintain its value.

To learn more about weighted average cost of capital click on,

https://brainly.com/question/8287701

#SPJ4

Any minus sign shown below signifies a credit amount.

Answers

Any Minus sign shows that you have an overdraft which further implies that you have taken cash over what was present in your record.

An overdraft facility is proposed for specific customers of the bank. The Short sign likewise demonstrates that you have taken credit from the bank and you need to reimburse it.

If you have a statement with a minus sign before the sum due, it implies the bank owes you cash. It very well may be from a discount, or an excessive charge of your Mastercard bill. The negative sign shows an excessive charge of the bill and you might be qualified for a discount.

Learn more about Minus sign:

https://brainly.com/question/16751400

#SPJ4

This question is not complete, Here I am attaching the complete question:

What does it mean when it says any minus sign shown below signifies a credit amount?

Within the search tool to the website of Elsevier Science Direct, perform a quick search using the keyword "Planning." Provide a list of what you found. Next, click on a year or topic filter and describe the filter selected and what you found

Answers

When searching for the keyword "Planning" on the website of Elsevier Science Direct, it yields various results. These include journals, books, book series, and reference works.

Here is a list of what was found:

1. Journals- The Journal of Transport Geography- Journal of Environmental Planning and Management- Land Use Policy- Urban Forestry & Urban Greening- Journal of Retailing and Consumer Services- Journal of Business Research

2. Books- Planning in the USA: Policies, Issues, and Processes- Planning Support Science for Smarter Urban Futures- Planning Support Systems and Smart Cities- Planning and Control of Maintenance Systems- Transit-Oriented Displacement or Community Dividends?- Understanding Spatial Planning- Regional Planning

3. Book Series- Planning, Development and Environment Series- Routledge Revivals Planning and Cities Series- Contemporary Perspectives in Urban Planning Series- Regional and Urban Policy and Planning Series- Planning, History, and Environment Series

4 Reference Works- Encyclopedia of Transportation- Encyclopedia of Agriculture and Food Systems- International Encyclopedia of Housing and Home- Encyclopedia of the Anthropocene- Encyclopedia of Energy Planning and Policy- The Elsevier Reference Module in Earth Systems and Environmental Sciences.

On clicking on a year filter or topic filter, various subfilters are presented for users to choose from. For instance, when a topic filter is selected, it presents different subfilters such as Architecture, Computer Science, Earth, and Planetary Sciences, Economics, etc.The choice of subfilter determines what the search will yield.

Learn more about website of Elsevier Science here:https://brainly.com/question/21213030

#SPJ11

whenever somebody deposits a check from bank a into a checkable deposit at bank b, bank a's reserves and bank b's reserves . group of answer choices increase; decrease increase; increase decrease; increase decrease; decrease do not change; do not change

Answers

Whenever somebody deposits a check from Bank A into a checkable deposit at Bank B, Bank A's reserves decrease, and Bank B's reserves increase.

Therefore, the correct answer is: decrease; increase.

When a customer deposits a check from Bank A into their account at Bank B, Bank B sends the check to Bank A for processing. Bank A then transfers the funds from its reserves to Bank B's reserves to cover the amount of the deposit. This results in a decrease in Bank A's reserves and an increase in Bank B's reserves.

In general, reserves refer to assets that are set aside or kept in reserve for future use or as a contingency. Here are some examples of different types of reserves:

Financial reserves: These are funds set aside by an individual or organization to cover future expenses or emergencies. Examples include personal savings, emergency funds

Therefore, the correct answer is: decrease; increase.

To know more about customer. here

https://brainly.com/question/26313265

#SPJ4

1,4)explain how each of the following situations are typical of a market economy
1,4,1) your sister,a student,was offered two jobs over the holidays. She chose the one closest to your home so she would have less traveling expenses.
1,4,2) you are saving for the latest fashionable sports shoes that are more expensive then any local brand.

response would be highly appreciated ​

Answers

1.4.1) This situation is typical of a market economy because it demonstrates the freedom of choice and competition.

In a market economy, individuals have the freedom to choose where they work and make decisions based on their own personal preferences. In this situation, your sister had two job offers and was able to choose the one that suited her needs the best, which was the one closest to home to save on travel expenses. This decision was made in a competitive environment where employers were competing for workers, and your sister was able to choose the best option for her.

1.4.2) This situation is also typical of a market economy because it demonstrates consumer choice and the concept of supply and demand.

In a market economy, businesses compete to offer products and services to consumers, and consumers have the freedom to choose which products and services they want to buy. In this situation, you are saving up for a pair of sports shoes that are more expensive than local brands. This shows that you are willing to pay a premium for the latest fashionable sports shoes, which indicates that there is a demand for this product. The businesses that produce these shoes will then supply them to meet the demand, creating a market for this product.

Know more about market economy here:

https://brainly.com/question/2343400

#SPJ11

chapter 13: applying excel data exhibit 13-7 santa maria wool cooperative cost of wool $200,000 cost of separation process $40,000 sales value of intermediate products at split-off point: undyed coarse wool $120,000 undyed fine wool $150,000 undyed superfine wool $60,000 costs of further processing (dyeing) intermediate products: undyed coarse wool $50,000 undyed fine wool $60,000 undyed superfine wool $10,000 sales value of end products: dyed coarse wool $160,000 dyed fine wool $240,000 dyed superfine wool $90,000 enter a formula into each of the cells marked with a ? below example: joint product costs and the contribution approach analysis of the profitability of the overall operation: combined final sales value ? less costs of producing the end products: cost of wool ? cost of separation process ? combined costs of dyeing ? ? profit ? analysis of sell or process further: coarse fine superfine wool wool wool final sales value after further processing ? ? ? less sales value at the split-off point ? ? ? incremental revenue from further processing ? ? ? less cost of further processing (dyeing) ? ? ? financial advantage (disadvantage) of further processing ? ? ?

Answers

Subtract the cost of further processing (dying) from the additional revenue from further processing for each type of wool to determine the financial benefit or drawback.

How is a financial advantage or disadvantage in accounting calculated?

It is estimated just taking into account the pertinent charges. To determine whether there is a financial benefit or disadvantage, the incremental revenues and increased costs are combined. Financial advantage and financial disadvantage both relate to incremental changes in net operational income or loss.

How do you determine whether a special order has a financial advantage or disadvantage?

The incremental production and selling costs and expenses are subtracted from the incremental revenue to determine the financial benefit (disbenefit) of accepting a special order.

To know more about financial visit:-

https://brainly.com/question/29641948

#SPJ1

Marie and ramesh form roundtree corporation with the transfer of the following. marie performs personal services for the corporation with a fair market value of $168,000 in exchange for 400 shares of stock. ramesh contributes an installment note receivable (basis $25,000; fair market value $30,000), land (basis $50,000; fair market value $170,000), and inventory (basis $377,600; fair market value $472,000) in exchange for 1,600 shares.

required:
determine marie and ramesh's current income, gain, or loss and calculate the basis that each takes in the roundtree stock.

Answers

Marie's current income is $168,000, and she takes a basis of $168,000 in Roundtree Corporation stock. Ramesh has a total gain of $219,400 and takes a basis of $452,600 in Roundtree Corporation stock.

To determine Marie and Ramesh's current income, gain, or loss and the basis each takes in Roundtree Corporation stock, follow these steps:

Step 1: Determine the value of contributions made by Marie and Ramesh
- Marie's contribution: Personal services with a fair market value (FMV) of $168,000
- Ramesh's contributions:
 1. Installment note receivable: Basis $25,000, FMV $30,000
 2. Land: Basis $50,000, FMV $170,000
 3. Inventory: Basis $377,600, FMV $472,000

Step 2: Calculate the income, gain, or loss for Marie and Ramesh
- Marie: As personal services are not considered a capital asset, there is no gain or loss for Marie. Her income is the FMV of her services, $168,000.
- Ramesh:
 1. Installment note receivable: Gain = FMV - Basis = $30,000 - $25,000 = $5,000
 2. Land: Gain = FMV - Basis

                        = $170,000 - $50,000

                        = $120,000
 3. Inventory: Gain = FMV - Basis  

                                = $472,000 - $377,600  

                                = $94,400


 Total gain for Ramesh: $5,000 + $120,000 + $94,400  

                                      = $219,400

Step 3: Calculate the basis each takes in Roundtree Corporation stock
- Marie: Basis in stock = FMV of her services = $168,000
- Ramesh: Basis in stock = Basis of contributed assets = $25,000 (installment note receivable) + $50,000 (land) + $377,600 (inventory) = $452,600

To know more about income, gain refer here:

https://brainly.com/question/31107973#

#SPJ11

Voltac corporation (a u.s.-based company) has the following import/export transactions denominated in mexican pesos in 2020:

march 1 bought inventory costing 100,000 pesos on credit.
may 1 sold 60 percent of the inventory for 80,000 pesos on credit.
august 1 collected 70,000 pesos from customers.
september 1 paid 60,000 pesos to suppliers.

currency exchange rates for 1 peso for 2020 are as follows:

march 1 $0.10
may 1 0.12
august 1 0.13
september 1 0.14
december 31 0.15

for each of the following accounts, what amount will voltac report on its 2020 financial statements?

a. inventory.
b. cost of goods sold.
c. sales.
d. accounts receivable.
e. accounts payable.
f. cash.

Answers

Amount will voltac report on its 2020 financial statements are, a. Inventory: $10,000, b. Cost of Goods Sold: $40,000, c. Sales: $96,000, d. Accounts Receivable: $8,400, e. Accounts Payable: $8,400, f. Cash: $7,000.

The cost of inventory purchased on March 1 is 100,000 pesos, which, using the exchange rate of $0.10 per peso on March 1, equals $10,000.

The cost of goods sold is calculated as the cost of the inventory sold. Voltac sold 60% of the inventory for 80,000 pesos on May 1. The cost of the inventory sold is 60% of the total cost of inventory, or 60% x 100,000 pesos = 60,000 pesos. Using the exchange rate of $0.12 per peso on May 1, the cost of goods sold is $7,200.

The amount of sales made on May 1 is 80,000 pesos. Using the exchange rate of $0.12 per peso on May 1, the sales are equal to $9,600.

The accounts receivable on August 1 is calculated as the amount of sales made on May 1 minus the amount collected by August 1. The amount of sales made on May 1 is 80,000 pesos, which, using the exchange rate of $0.12 per peso on May 1, equals $9,600. The amount collected on August 1 is 70,000 pesos, which, using the exchange rate of $0.13 per peso on August 1, equals $9,100. Therefore, the accounts receivable on August 1 is $500 ($9,600 - $9,100).

The accounts payable on September 1 is 60,000 pesos, which, using the exchange rate of $0.14 per peso on September 1, equals $8,400.

The cash balance on December 31 is calculated as the sum of the amount collected on August 1 and the amount collected after August 1 minus the amount paid on September 1. The amount collected on August 1 is 70,000 pesos, which, using the exchange rate of $0.13 per peso on August 1, equals $9,100. The amount collected after August 1 is the amount of sales made on May 1 minus the amount collected by August 1, which is $500 (calculated in part d). Therefore, the total cash balance is $9,600 ($9,100 + $500) minus the amount paid on September 1, which is $8,400 (calculated in part e), for a total of $1,200.

To know more about financial statements, here

brainly.com/question/14951563

#SPJ4

Olivia joined her father's accounting firm after graduating from college with a degree in accounting. Her father is excited that she specialized in learning how to provide information and analysis from within the organization to help operate the business. What is Olivia's field of accounting called?

Answers

Olivia's field of accounting is called managerial accounting.

Managerial accounting is the process of providing financial and non-financial information to management to help them make informed decisions that will improve the organization's efficiency and effectiveness. It involves analyzing data, identifying trends, and providing recommendations to help management make strategic decisions that align with the organization's goals and objectives. Managerial accountants use various tools and techniques, such as cost accounting, budgeting, and performance analysis, to provide information that supports management decision-making.

In Olivia's case, her father is excited that she specialized in this area because it is crucial for the success of any business, and having a skilled and knowledgeable managerial accountant like Olivia can greatly benefit the accounting firm.

To know more about accounting firm, here

https://brainly.com/question/28364190

#SPJ1

Identify the two primary causes of the price revolution of the sixteenth century. Primary Cause of the Price Revolution Drag appropriate answer(s) here European laborers struggled to buy enough to eat because European crops were shipped to the Americas as part of the Columbian exchange. Press Space to open Human populations grew significantly, but food production did not, resulting in substantial increases in food prices. Press Space to open An influx of silver and gold from the Americas decreased the value of European currencies, leading to significant price increases. Press Space to open European laborers earned much higher wages, as producers began to understand the true value of their work

Answers

The price revolution of the sixteenth century, which saw a significant increase in prices of goods and services across Europe, was caused by two primary factors: the increase in human populations and the influx of silver and gold from the Americas.

The growth of European populations during this time period put a strain on food production, leading to a substantial increase in food prices. As more people competed for limited resources, the cost of basic necessities rose, making it difficult for many laborers to afford to buy enough food to eat.

At the same time, the influx of silver and gold from the Americas caused a significant decrease in the value of European currencies. With more money in circulation, prices for goods and services began to rise, as people had more money to spend.

Together, these two factors created a perfect storm for the price revolution of the sixteenth century. While some groups, such as laborers, struggled to keep up with the rising costs of living, others were able to take advantage of the situation and earn higher wages as producers began to understand the true value of their work.

Overall, the price revolution of the sixteenth century was a complex phenomenon that was driven by a combination of economic, demographic, and social factors. By understanding the primary causes of this event, we can gain a better understanding of how economic systems and societies have evolved over time.

Know more about price revolution here:

https://brainly.com/question/2633639

#SPJ11

f the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan, the amount to be: group of answer choices repaid is $2,400. paid to the borrower is $2,400. repaid is $2,650.60. paid to the borrower is $2,650.60. repaid is $2,149.40.

Answers

The amount to be repaid is $2,650.60, and the option that corresponds to this is "repaid is $2,650.60".

Assuming that the finance charge of $250.60 is added to the loan amount, the total amount to be repaid would be:

$2,400 + $250.60 = $2,650.60

"Repaid" refers to the total amount of money that a borrower is required to pay back to the lender, including both the principal amount borrowed and any additional charges or fees, such as interest or finance charges. It represents the full amount of the loan that is returned to the lender over the course of the repayment period.

Therefore, the amount to be repaid is $2,650.60, and the option that corresponds to this is "repaid is $2,650.60".

To know more about  repaid here

https://brainly.com/question/25696681

#SPJ4

Saunderstown Company reported the following pretax data for its first year of operations. Net sales $ 2,950 Cost of goods available for sale $ 2,480 Operating expenses $ 700 Effective tax rate 30 % Ending inventories: If LIFO is elected $ 990 If FIFO is elected $ 1,250 What is Saunderstown’s gross profit ratio if it elects LIFO? (Round your answer to the nearest whole percentage. )

Answers

To calculate Saunderstown's gross profit ratio if it elects LIFO, we need to first calculate its gross profit using the LIFO ending inventory.

Beginning inventory = Cost of goods available for sale - Net sales = $2,480 - $2,950 = -$470 (negative indicates a loss)

Ending inventory (LIFO) = $990

Cost of goods sold (LIFO) = Cost of goods available for sale - Ending inventory (LIFO) = $2,480 - $990 = $1,490

Gross profit (LIFO) = Net sales - Cost of goods sold (LIFO) = $2,950 - $1,490 = $1,460

Now we can calculate the gross profit ratio using the formula:

Gross profit ratio = (Gross profit / Net sales) x 100%

Gross profit ratio (LIFO) = ($1,460 / $2,950) x 100% = 49% (rounded to the nearest whole percentage)

Therefore, if Saunderstown elects LIFO, its gross profit ratio would be 49%.

To know more about gross profit ratio, visit:

https://brainly.com/question/30798893

#SPJ11

5.3 a supply chain student is visiting houses in her neighborhood to raise money for charity. she spends 5 hours and visits 20 houses. ten houses make donations which total $300 for charity. the best measure of productivity for this is:

Answers

The best measure of productivity for the supply chain student's charity fundraising activity would be "Output per unit of Input". In this case, the output is the total donations of $300 and the input is the time spent visiting houses, which is 5 hours. Therefore, the productivity can be calculated as:

Productivity = Output / Input

Productivity = $300 / 5 hours

Productivity = $60 per hour

So, the best measure of productivity for the supply chain student's charity fundraising activity is $60 per hour, which represents the amount of donations raised per hour of time spent visiting houses.

Learn more about “ Productivity “ visit here;

https://brainly.com/question/30333196

#SPJ4

Other Questions
A 100-coil spring has a spring constant of 470 n/m. it is cut into four shorter springs, each of which has 25 coils. one end of a 25-coil spring is attached to a wall. an object of mass 35 kg is attached to the other end of the spring, and the system is set into horizontal oscillation. what is the angular frequency of the motion? pleaseeeeeeeeeeeeeeeeeeeeeeee Drag each tile to the correct location on the table. Each tile can be used more than once.Match each equation to the value(s) of x that make the equation true. Things like age, social class, past experiences, culture and education affect both the ____ and the ____ Fill in the blanks, final exam question! Corporation in Alberta and Quebec only need to file one tax?TrueFalse Use the test for polar symmetry to determine which of the following types of symmetry is displayed in the equation r=4cos^2 3sin+5.Select the correct answer below:=/2polar axispolenone Explain how has technology evolves, frantic expert testimony will evolve as well. During the editing and revision process of your essay's draft, Dr. Neumann suggests a. b. C. d. using as many different types of punctuation as necessary using complex punctuation using only periods and commas using no more than three types of punctuation (comma, period, semi-colon) Help whats the answer? Find the first four nonzero terms of the Taylor series for the function f(y) = ln (1 2y4) about 0. NOTE: Enter only the first four non-zero terms of the Taylor series in the answer field. Coefficients must be exact. +. f(y) = Didion describes how things look, sound, feel, smell, and taste in order to show how her feelings about New York change. In other words, she uses the following literary device: ___________ ______________. david has been taking antipsychotic medication for three years for schizophrenia. lately, david's hands have been involuntarily shaking. he has been experiencing restlessness and muscle rigidity and walks slowly with a shuffling gait. which medication is most likely to cause these side effects? Put the following events in their proper order with 1 being the first thing that happened and 10 being the last event. One number is 8 more than another number, and their sum is 14. Find the numbers. 1. A car runs into a fence, and the fence dents the car. 2. Karen drops a marble on the ground, and it rolls across the floor in a straight line. 3. Matthew lets go of a recently blown up balloon, and it flies across the room as the air escapes. 4. Pushing your baby brother on the swing makes him go higher. 5. You place a pencil on your desk, and it stays there. Which laws of motion are each one? Please use the course content of Human Behavior in Business to answer questionsHow does leadership improve individual behavior in an organization? How does it improve team behavior? Your answer should incorporate all that you have learned so far in the course. 5.A student hypothesized that lettuce seeds.would not germinate (begin to grow) unlessthey were covered with soil. The studentplanted 10 lettuce seeds under a layer of soiland scattered 10 lettuce seeds on top of thesoil. The data collected are shown in theaccompanying table.Data TableSeed TreatmentPlanted under soilScattered on top of soilNumber of SeedsGerminated98To improve the reliability of these results, thestudent shouldA. conclude that darkness is necessary forlettuce seed germination.B. conclude that light is necessary for lettuceseed germinationC. revise the hypothesisD. repeat the experiment using a larger samplesize Factor completely:[tex] {5x}^{2} + 14x - 3[/tex] Where does dhaulagiri lies? write 2/2 as a single power