The following transactions were completed by the company.a. The company completed consulting work for a client and immediately collected $5,500 cash earned.b. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days.c. The company paid an assistant $1,400 cash as wages for the period.d. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b.e. The company paid $700 cash for this period's cleaning services.Required:
Write the impact of each transaction on individual items of the accounting equation.
Answers
Answer:
The payment of cash decreases the cash account balance and increase the expenses account.
Explanation:
A) The cash earned will increase the balance of cash in the asset and the revenues of the equity will also be increased.
B) The company completed the commission work and sent a bill to the customer, the bill amount is $4,000.
C) The company paid the wages to the assistant in cash. The balance in the cash account will be reduced and the expenses account balance will be increased by $1,400.
D) The company collects the cash of $1,000 from the customer, which the customer needs to pay for the company. Therefore, the accounts receivable account will be decreased of ($1,000) and the cash account will be increased for $1,000.
E) The company paid $700 as cash for the cleaning services. Therefore, the cash account balance will be decreased and the expenses account will be added to determine the total expenses made by the company for $700.
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Related Questions
15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associate's degree in paralegal
studies; she loves to ride and spends every spare minute helping her uncle with his three horses. Now that she's planning to start a business, her best choice
would probably be a
O A. fast-food franchise.
O B. riding stable.
© C. restaurant.
D. legal research service.
Answers
What do you know about the company/organization you wish to work for?
Answers
Explanation:
Financial health of the company.
Company's brand value.
Work culture and environment.
wages and salary ofc
Suppose you are planning for retirement in a two-period world. In the first period you are young and earn $1 million, and in the second period you are old and retired and earn nothing. The interest rate is initially 10 percent, but then it falls to 7 percent. After the interest rate falls, the:
a. income effect will induce you to consume more when you are young.
b. substitution effect will induce you to consume less when you are young.
c. change in interest rates affects the substitution effect but not the income effect.
d. substitution effect will induce you to consume more when you are young.
Answers
Explanation:
i think "A" should be the answer tho I'm not pretty sure about it
A sales rep is talking to a prospect about his companys product the prospect says shes been buying from a competitor for 10 years and likes thier product. What should the rep do first?
Answers
The best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.
A sales rep serves as a window for a firm sales because they meet directly with the prospect.
In conclusion, the best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.
Read more about sales rep
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Name and explain money notes
Answers
Answer:
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.
Any attention towards a business from the public media counts as which of
the following?
O A. Publicity
O B. Sponsorship
C. Public relations
O D. Advertising
Answers
Answer:
Publicity
Explanation:
<33
Answer:
publicity
Explanation:
MCQ: An advantage of 'forced distribution method' is
A. avoids central tendency and biases
B. avoids central tendency and biases
C. provides behavioral anchors
D. end up with predetermined rating figures
Answers
Answer:
A. avoids central tendency and biases
Explanation:
A strategy to earn foreign exchange by making domestic industries competitive in the international market is called: a. Export promotion b. Import substitution c. Inward looking trade policy d. Both (b) and (c)
Answers
Answer:
a
Explanation:
It's export promotion
p.s. give me the brainliest answer
Jason purchased 500 shares of XYZ stock at $17.12. One year later he sold the 500 shares at $18. He paid a transaction fee of $19.95 for each transaction. What was the amount of gain or loss on the sale?
Answers
Hi
assuming he bought and sales all in the same order we have :
500x18 - 500x17.12 - 2* 19.95 =
I let you do math.
Answer:
420.05$. He gained.
Explanation:
1800$*500=9000$
17.12$*500=8560$
and he had to pay 19.95$ for transaction.
so,the amount he gained is 9000$-8560$-19.95$
=420.05$
When is China's economy set to overtake US?
Answers
Answer:
China would overtake the US to become the world's largest economy set by 2028.
Explanation:
hope it would help.
You are the manager of the best-performing subsidiary in an MNE. Because bonuses are tied to subsidiary performance, your bonus is the highest of all subsidiary managers. Now headquarters is organizing managers from other subsidiaries to visit and learn from your subsidiary. You worry that if performance at other subsidiaries catches up, your subsidiary will no longer be the star unit and your bonus will go down. What are you going to do?
Answers
When deciding what price to charge customers, a firm may choose to charge different prices based on customers:________
a. Age
b. llingness to pay
c. Location
d. All of the above
Answers
Answer:
I would say d
Explanation:
it depends on what services are being exchanged and how easy or difficult it is
dentify examples of economic systems in the Philippines. Describe how these systems address economic questions.
Answers
Answer: The Philippines has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).
Explanation:
There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism.
provincial government
Answers
Answer:
Provincial Government means, anything done before the commencement of the Constitution, the authority or person authorized at the relevant date or administer executive government in the Province in question.
Example:
Canada has 10 provinces, making it a provincial government form.
Attending classes is a faster and more efficient method of learning new skills as compared to electronic performance support systems (EPSSs).
a. True
b. False
Answers
Answer:
b.False
Explanation:
It is not scientifically proven because both can do depending on your work ethic
Given the following information concerning a convertible bond:
Principal $1,000
Coupon 5%
Maturity 15 years
Call price $1,050
Conversion price $37 (i.e., 27 shares)
Market price of the common stock $32
Market price of the bond $1,040
a) What is the current yield of this bond?
b) What is the value of the bond based on the market price of the common stock?
c) What is the value of the common stock based on the market price of the bond?
d) What is the premium in terms of stock that the investor pays when he or she purchases the convertible bond instead of the stock?
e) Nonconvertible bonds are selling with a yield to maturity of 7 percent. If this bond lacked the conversion feature, what would the approximate price of the bond be?
f) What is the premium in terms of debt that the investor pays when he or she purchases the convertible bond instead of a nonconvertible bond?
g) If the price of the common stock should double, would the price of the convertible bond double? Briefly explain your answer.
h) If the price of the common stock should decline by 50 percent, would the price of the convertible bond decline by the same percentage? Briefly explain your answer.
i) What is the probability that the corporation will call this bond?
j) Why are investors willing to pay the premiums mentioned in parts (d) and (f)?
Answers
Answer:
I hacemos idea hello ilegalmente
reasons for looting in SA
Answers
Answer:
i dont now you have to geve me more infoemation sorry
QUESTION ONE
You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian market. Critically analyse what factors you shall consider in advising Freedom Inc. on how it should set its lending interest rates, accounts commissions, fees & charges. [15 marks]
Answers
Freedom Incorporated must take into consideration the following factors before it can arrive at its own rates, fees, charges, and commissions:
The position of other competing financial institutions;the position of the Reserve Financial Institution.The Reserve Financial institution uses discount rates, reserve requirements, and other monetary policy tools to control the baseline rate below which the banks cannot charge in other to remain profitable.
The discount rate is the rate at which the financial institutions must borrow funds from the reserve institution for onward lending to customers.
Because it is about to enter the market, Freedom Incorporated must use the price penetration strategy by setting rates, commissions, and charges that are slightly above those of the reserve bank but relatively lower than those of other banks so that it can gain traction and patronage quickly.
Care must be taken to consider operating costs. Business economics requires that every business must operate at the point where revenue is in excess of costs. The rates that Freedom Inc. will adopt must meet this requirement.
The reserve requirement is the percentage of its money that a financial institution must bank with the reserve bank. The higher this requirement, the lower the power of the commercial institution to lend to borrowers. When this happens, the cost of banking (that is, rates, charges, commissions, etc) goes up generally. The obverse is also true.
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explain how the looting of shops will affect businesses in terms of relationships with social responsibility and triple bottom line
Answers
Which development would most reflect Karl Marx’s belief in the economic system that he predicted would replace free markets?
Answers
Answer:
the answer is C
Explanation:
Answer:
workers share all the profits generated from a factory
Explanation:
I just took it
Which of the following words is easy to pronounce and remember?
1,Eudemos 2,Udemos 3,Defenshell 4,Defeme 5,guard-Juicy
6,Urban-Juicy 7,Speed-S 8,X-tend 9,J-self
Answers
Answer:
X-tend 9
Explanation:
Answer:
In my opinion I think
7, speed - s.
What can you suggest to warner Edwards in terms of marketing strategy
Answers
Answer:
Warner Bros focuses a lot on the people as an organization whether it’s the employees or the customers. The key people involved are Kevin Tsujihara (Chairman and CEO), Edward A. Romano (Vice Chairman), Toby Emmerich (President and Chief Content Officer). Its parent company TIME Warner has over 31000 employees. The Warner Bros company and its people focus on diversity that helps in multicultural expansion, workforce development and inclusive growth. It does not differentiate between its customers and focus on providing quality content to all across the globe.
I would suggest that only advertisement doesn't make people to buy it.
Jim’s claim under Title VII is _____________.
Answers
Answer:
Jim's claim under Title VII is valid under hostile work environment sexual harassment.
Explanation:
https://corporate.findlaw.com/human-resources/title-vii-and-sexual-harassment-claims.html
The mass of the eggs laid by a certain breed of hen is normally distributed random variable with mean 0.06kg and standard deviation 0.009kg. if a random sample of 1800 eggs are sold, how many would you expect to have mass
i. less than 0.052kg
ii. between 0.052 and 0.075kg)
III greater than 0.075
Answers
The correct answer by the standard deviation would be as follow:
i. less than 0.052kg - 288 eggs
ii. between 0.052 and 0.075kg) - 1476 eggs
III greater than 0.075 - 36 eggs
Given:
number of the samples, n = 1800 eggs
the mean of the distribution, m = 0.06 kg
standard deviation, d = 0.009 kg
(i) less than 0.052 kg (standard size):
1 standard deviation below the mean = m - d
m - d = 0.06 kg - 0.009 kg = 0.051 kg
(the standard size is 1 standard deviation below the mean)
less than 1 standard deviation below the mean in a normal distribution is = 16% of the given samples
Number of standard size = 0.16 x 1800
= 288 eggs
(ii) Between 0.052 kg and 0.075kg (medium size):
0.052 kg is 1 standard deviation below the mean
2 standard deviations above the mean:
> m + 2d
> m + 2d
> 0.06 + 2(0.009)
= 0.078 kg
Between 1 standard deviation below the mean and 2 standard deviation above the mean in a normal distribution
= (68 + 14)%
= 82%
Number of medium size = 0.82 x 1800
= 1,476 eggs
(iii) Greater than 0.075 kg (large size):
0.078 kg is 2 standard deviations below the mean
greater than 2 standard deviation above the mean in a normal distribution = 2 % of the number of given samples
Number of large size = 0.02 x 1800
= 36 eggs
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A business would like to invest in a new product, but they are short on extra
cash for such purposes. They are in a good position as a business, though:
Their employee costs are average, their market share is relatively high, and
they have enough inventory on hand to last for months. What would be one
good solution if they want to find extra cash for the new product?
A. Fire at least one employee.
B. Cut wages for all employees.
C. Raise prices on their inventory even if it takes longer to sell it.
D. Liquidate some inventory to increase cash flow.
Answers
Answer:
d is answer I think ok that's not for sure
Some people argue that air is not an economic good. Explain why you agree or
disagree with this statement.
Answers
Answer:
Answer:I agree with this statement to a certain degree as air cannot be brought and sold it’s the only thing that can’t be taken physically from someone even if you are poor or don’t own much money u are a blé to breath without the need to think of expenses
Explanation:
Assuming equal time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity?
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
A) $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000
B) $ 500 $ 0 $ 500 $ 500 $ 500 $ 0
C) $ 100 $ 200 $ 300 $ 400 $ 500 $ 600
a) A
b) B
c) C
d) Any of the above
Answers
The following cash flow patterns represent an annuity $ 100 $ 200 $ 300 $ 400 $ 500 $ 600. Thus, option (C) is correct.
What is Cash Flow?The net balance of money coming into and going out of a business at a particular period is referred to as cash flow. A firm constantly receives and expends cash. Cash flow is a metric for how much money a company
Earned or spent overall during a given period of time. On the statement of cash flows, a common financial statement, cash flow is often divided into cash flow from operating activities, investing activities, and financing activities.
Time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity. following cash flow patterns represent an annuity of $ 100 $ 200 $ 300 $ 400 $ 500 $ 600.
Therefore, Thus, option (C) is correct.
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what were the activities of the apostles
Answers
Answer:
spending the gospel to none jews
Answer:
They could testify to his being God's son, working of miracles and teaching, his dying on the cross, his resurrection to a new creation body, his ascension into heaven, and his sending of the Holy Spirit.
Sanjay, the new HR Manager at Charlemagne Tools Inc., examines the application form that the company has been using for the last two years. According to the guidelines set by the Equal Employment Opportunity Commission and various court decisions, which of the following is an illegal question on the application form?
a. Will you be able to relocate for the job
b. Can you perform the duties of the job with reasonable accommodation
c. What is your main area of work expertise
d. Whom should we contact in case of emergency
Answers
Can you perform the duties of the job with reasonable accommodation of the following is an illegal question on the application form. Thus, option (b) is correct.
What is job?The term “job” refers to being employed by a particular company. The job creates an opportunity to build a career. A job provides financial support and allows you to gain experience. There are producers, builders, thinkers, and improvers.
Hr manager at the company of Charlemagne Tools Inc., are the main work to the hiring the candidate for the job. The application form are the question was the asked to execute the works of the job with sensible accommodation.
As a result, they perform the duties of the job with reasonable accommodation. Therefore, option (b) is correct.
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g Mr. Zee worked 44 hours during the week ended january 18. he is paid 12 per hour and is paid time and a half for all hours over 40 in a week. what is the net pay for mr zees current paycheck
Answers
Answer:
$544
Explanation:
Hello.
So Mr. Zee works a week of 44 hours, and he's getting paid $12 an hour, and any time over 40 hours a week, he get's paid his normal wage plus half his normal wage, or $6, so as soon as he starts working longer then 40 hours, he is getting paid $18 an hour.
So take 40, multiply it by 12, which gives you $480
Next, take 4, and multiply it by $16 ( his overtime ), which gives you $64.
And lastly, take $480 and add $64, which gives you a total sum of $544