A company completed the following transactions during the month of October:
I. Purchased office supplies on account, $5600.
II. Provided services for cash, $22,000.
III. Provided services on account, $36,000.
IV. Collected cash from a customer on account, $27,000.
V. Paid the monthly rent of $3800.
What was the company's total revenue for the month?
$85,000
$22,000
$58,000
$36,000

Answers

Answer 1

The company's total revenue for the month of October is $58,000.

Total revenue refers to the overall income or sales generated by a company or business from its goods or services over a specific period. It represents the total amount of money received from customers or clients for the products or services sold.

To determine the company's total revenue for the month, we need to consider the transactions that generate revenue. In this case, it includes the following:

II. Provided services for cash, $22,000.

III. Provided services on account, $36,000.

Adding these two transactions together, we get:

$22,000 + $36,000 = $58,000

Thus, the correct answer is $58,000.

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Related Questions

What is a source of equity financing?


A. securing short-term loans from a family member

B. receiving trade credit from suppliers

C. selling personal assets to raise funds

D. securing government loans

E. borrowing money from friends

Answers

The answer is B because I done my research online and I did my calculations and according to my calculations that’s the andwer

A company manufactures a range of umbrellas that change colour when they get wet. They sell them for £25 each. Its variable costs are £12 per umbrella and total fixed costs £100,000 per year. What is its break-even point?

A 7,692 umbrellas.
B 7,693 umbrellas.
C 8,333 umbrellas.
D 8,334 umbrellas

Answers

The break-even point for the company manufacturing umbrellas is 7,693 umbrellas. The correct answer is option (B).

To calculate the break-even point for the company manufacturing umbrellas, we need to determine the number of units it needs to sell in order to cover its total costs. The break-even point is the point at which the company's total revenue equals its total costs.

First, let's calculate the contribution margin per unit, which is the selling price minus the variable cost per unit:

Contribution margin per unit = Selling price - Variable cost per unit

Contribution margin per unit = £25 - £12 = £13

Next, we can calculate the break-even point using the following formula:

Break-even point (in units) = Total fixed costs / Contribution margin per unit

Break-even point (in units) = £100,000 / £13 = 7,692.31

Since the break-even point must be a whole number, we round it up to the nearest whole number.

Therefore, the break-even point for the company manufacturing umbrellas is 7,693 umbrellas. Hence, the correct answer is option  (B) 7,693 umbrellas.

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Graphic organizers may help you better understand information you wrote down in your notes.

T or F

Answers

Answer:

True.

Explanation:

Answer:

Graphic organizers can help to visualize and construct ideas, organize and/or sequence information, plan what to write, increase reading comprehension, brainstorm, organize problems and solutions, compare and contrast ideas, show cause and effect, and more.

Explanation:

Give examples of customer service problems:​

Answers

Answer:

Examples of common customer service problems?

1] Long Wait on Hold

2] Unavailable or Out of Stock Product

3] Repeating the Customer's Problem

3] Uninterested Service Rep

5] Poor Product or Service

6] No First Call Resolution

7] Lack of Follow Up

8] New Product or Feature Request.

This are the examples

Correct me if I'm wrong,Hope this helps

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HELP ASAP! PLEASE!

1.Why were Madame C. J. Walker’s accomplishments so impressive?
2.What is the advantage of having a mentor?
3.Why might it be better to wait until you have your license to purchase cosmetology supplies?
4.What factor should be the first priority in storing chemicals that cosmetologists use when performing services?
5.List three elements that should be part of a marketing plan.

Answers

Answer:

1. Walkers acomplishments were very impressive because of the ineqaulity she had during her time off work.

2. Having a mentor can mean that you have somone who made mistakes that can better you into not making the same mistakes.

3. It would be better to have your license so you can prove that you are legally qaulified to work at a salon.

4. Somewhere that the consumers can see the products.

5. Budget, advertisement, positioning

Explanation:

Madame C. J. Walker’s accomplishments so impressive as  the inequity she experienced during her time off work, Walker's accomplishments were particularly outstanding.

What is a marketing plan?

A marketing plan is defined as the company's strategy for selling its product or service through advertising.

The marketing plan will aid in determining who the target market is, how to best contact them, what price point the product or service should be sold at, and how the organization will track its progress.

The Madame C. J. Walker’s accomplishments so impressive because of the inequity she experienced during her time off work, Walker's accomplishments were particularly outstanding.

Having a mentor can mean having someone who has made mistakes and can help you avoid making the same ones.

Having the license will allow the person to demonstrate that the person is legally qualified to work in a salon.

The  factor should be the first priority in storing chemicals that cosmetologists use when performing services is a location where customers may see the merchandise.

The three elements that should be part of a marketing plan are the Budget, promotion, and positioning.

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Vendors provide restaurants with what?
OA
cooked items
OB.
raw materials
Oc.
furniture
OD.
menu recipes

Answers

Answer:

raw materials

Explanation:

What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?

Answers

As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)

cross check if u have doubt it's correct..

Global Communications began a defined benefit pension plan for all full-time employees in 2005. The plan was amended on

1/2/2021 to increase pension benefits. The result was an increase of $25,000 in the PBO. The company funds its defined benefit pension

plan by contributing (annually) the year's service cost plus a portion of the prior service cost. Reports from the actuary and the trustee

of plan assets reveal the info in the table below.

Additional information:

Average remaining service life of the active employee group is 15 years in 2021.

Settlement rate for liability

6%

Expected return on plan assets

10%

Prior Service cost (amendment)

PBO

ABO

Plan Assets

Pension Asset/(Liability)

Service cost

Cash contributions

Retiree benefits paid

Actual return on plan assets

At 12/31/2020

($400,000)

($330.000)

$300,000

($100.000)

During 2021

$25,000

$41,000

$48.000

$38,000

$30.000

Required:

Complete the pension worksheet in good form

Answers

The pension worksheet shows: a PBO of $425,000, an ABO of $359,000, plan assets of $368,000, and a pension asset of $9,000 for the year ending 12/31/2021.

The company's service cost for the year is $42,250, and its cash contributions are $56,500. The net gain or loss for the year is $1,000, and the net loss, which includes the prior service cost and the loss from the year's actual return on plan assets, is $65,000.

To complete the pension worksheet, we start by calculating the PBO and ABO at the end of 2021, taking into account the increase in the PBO due to the amendment:

PBO 12/31/2021 = PBO 12/31/2020 + Service cost + Interest cost - Benefits paid + Prior service cost + Actuarial loss

PBO 12/31/2021 = $400,000 + $42,250 + ($400,000 + $25,000) x 0.06 - $30,000 + $25,000 + $65,000

PBO 12/31/2021 = $425,000

ABO 12/31/2021 = PBO 12/31/2021 - (PBO 12/31/2021 - ABO 12/31/2020) x (remaining service life / average service life)

ABO 12/31/2021 = $425,000 - ($425,000 - $330,000) x (15 / 20)

ABO 12/31/2021 = $359,000

Next, we calculate the pension asset or liability:

Pension asset/(liability) = Plan assets - PBO

Pension asset/(liability) = $368,000 - $425,000

Pension asset/(liability) = ($57,000)

We also calculate the components of other comprehensive income (OCI):

Net gain/(loss) = Actual return on plan assets - Expected return on plan assets

Net gain/(loss) = $38,000 - ($40,000)

Net gain/(loss) = $(2,000)

Prior service cost amortization = Prior service cost / remaining service life

Prior service cost amortization = $25,000 / 15

Prior service cost amortization = $1,667

Actuarial loss amortization = (PBO 12/31/2021 - PBO 12/31/2020) / remaining service life

Actuarial loss amortization = ($425,000 - $400,000) / 15

Actuarial loss amortization = $1,667

Finally, we can fill out the pension worksheet:

Service cost $42,250

Interest cost $24,900

Expected return on assets ($40,000)

Amortization of PSC $1,667

Amortization of A/L $1,667

Net gain/(loss) ($2,000)

Prior service cost $25,000

Benefits paid ($30,000)

Contributions ($56,500)

Ending plan assets $368,000

Ending PBO $425,000

Ending ABO $359,000

Pension asset/(liability) ($57,000)

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How does insurance fraud create higher overall prices for everyone?

Ya girl is stuck, i need help

Answers

Answer:

Auto insurance fraud affects all drivers because insurance companies determine their rates, at least partially, based on losses. 

I need someone to help me

Answers

What's the problem? I'd be happy to help you if you would be willing to specify what you need help with.

63. Screen time Administrators at a small school with 200 students want to estimate

the average amount of time students spend looking at a screen (phone, computer,

television, and so on) per day. The administrators select a random sample of 50

students from the school to ask.

Answers

In this case, the 10% condition is not met because the sample size if 10% of the population is taken = 20. If the 10% condition is violated, the standard deviation decreases.

Probability sampling is the selection of a sample from a population based on the principle of randomization, also known as random selection or chance. Probability sampling is more difficult, time-consuming, and typically more expensive than non-probability sampling. However, because units from the population are chosen at random and the selection probability of each unit can be calculated, reliable estimates and statistical inferences about the population can be made.

A probability sample can be chosen in a number of different ways. When selecting a probability sample design, the goal is to minimize the sampling error of the estimates for the most important survey variables while also minimizing survey time and cost. Some operational constraints may also apply.

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Complete Question:

Administrators at a small school with 200 students want to estimate the average amount of time students spend looking at a screen (phone, computer, television, and so on) per day. The administrators select a random sample of 50 students from the school to ask.

Show that the 10% condition is not met in this case.

which is am example of labeling

Answers

Answer: A reduced price tag

Explanation:

Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government

Answers

Answer:

A

Explanation:

Answer:

It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST

Explanation:

Also, if i'm right there is no need to thank me unless you want too

When it comes to relationships in the workplace be sure to _____.


ask personal questions

join the same social groups

remain professional

swap phone numbers

Answers

Answer:

the answer is remain professional.

Question # 5

Multiple Choice

When it comes to relationships in the workplace be sure to _____.

ask personal questions

join the same social groups

swap phone numbers

remain professional

Which concurrent testing method helps calculate the visibility of an outdoor advertisement?

A. interview test

B. passers-by count test

C. telephonic survey

D. speech test

E. interactive test

Answers

Answer:

A

Explanation:

The revenue recognition principle dictates that revenue should be recognized in the accounting records.

Answers

The revenue recognition principle dictates that revenue should be recognized in the accounting records in which it is earned.

What are accounting principles?

Generally accepted accounting principles refers to collection of commonly known and followed accounting rules and standards for financial reporting.

The four general accounting principles are:

1. Expense Recognition: This principle shows that costs are recognized when the relevant revenue is realized.  

2. Measurement: This principle states that a company only needs to record a transaction if it can be expressed in money.

3. Revenue Recognition: This policy states that revenue is recognized when it is recognized and not necessarily when it is paid.

4. Full Disclosure: This principle requires public companies (those who buy and sell shares in the open market) to disclose all relevant financial information to shareholders .

Hence, the revenue recognition principle dictates that revenue should be recognized in the accounting records in which it is earned.

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Scholarships awarded for high GPAs or test scores are based on _____.

Answers

Answer:  Merit-based...

What’s the answer????

Whats the answer????

Answers

Opportunity cost is the value of your second choice, or whatever you give up to get something

Taylor gives up either the video games or the funny videos. So you can choose either one

cms corporation's balance sheet as of today is as follows

Answers

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It consists of three main sections: assets, liabilities, and shareholders' equity.

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It consists of three main sections: assets, liabilities, and shareholders' equity.

Assets represent what the company owns, such as cash, inventory, property, and equipment. Liabilities represent what the company owes, such as loans, accounts payable, and accrued expenses. Shareholders' equity represents the owners' investment in the company, including retained earnings and contributed capital.

The balance sheet equation is Assets = Liabilities + Shareholders' Equity. This equation must always balance, hence the name 'balance sheet'.

The balance sheet helps investors, creditors, and other stakeholders assess the financial health and stability of a company. By analyzing the assets, liabilities, and shareholders' equity, they can evaluate the company's ability to meet its financial obligations and its overall financial performance.

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The current market value of firms debt is  $491.96.

To calculate the current market value of CMS Corporation's debt:

The bond has a coupon rate of 3.8%  semiannual coupons.

Coupon payment = Coupon rate * Par value / 2

= 0.038 * $1,000 / 2 = $19

The bond matures in 10 years (20 semiannual periods.)

The yield to maturity is 11.1%.

PV of coupons = Σ (Coupon payment / (1 + Yield/2)\(^{t}\)), where t can ranges from 1 to 20.

= $19 * Σ (1 / (1 + 0.111/2)\(^t\))

= $19 * 12.0398

= $228.76

PV of par value = Par value / (1 + Yield/2)ⁿ, where n is the number of periods to maturity (i.e 20).

= $1,000 / (1 + 0.111/2)\(^{20}\)

= $263.20

Total present value of the bond's cash flows = PV of coupons + PV of par value

= $228.76 + $263.20

= $491.96

The current market value of the firm's debt is equal to the present value of the bond's cash flows of $491.96.

Therefore, the current market value of CMS Corporation's debt is $491,960.

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The complete question is:

CMS Corporation's balance sheet as of today is as follows:

Long-term debt (bonds, at par)  

$10,000,000

Preferred stock  

1,700,000

Common stock ($10 par)  

10,000,000

Retained earnings  

4,600,000

Total debt and equity  

$26,300,000

The bonds have a 3.8% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from today. The yield to maturity is 11.1%, so the bonds now sell below par. What is the current market value of the firm's debt?

the following is a december 31, 2021, post-closing trial balance for the jackson corporation. account title debits credits cash $ 44,000 accounts receivable 38,000 inventory 79,000 prepaid rent (for the next 8 months) 20,000 investment in equity securities (short term) 14,000 machinery 165,000 accumulated depreciation $ 15,000 patent (net) 83,000 accounts payable 10,000 salaries payable 6,000 income taxes payable 36,000 bonds payable (due in 10 years) 180,000 common stock 140,000 retained earnings 56,000 totals $ 443,000 $ 443,000 required: prepare a classified balance sheet for jackson corporation at december 31, 2021, by properly classifying each of the accounts. (amounts to be deducted should be indicated by a minus sign.)

Answers

The preparation of a classified Balance Sheet for Jackson Corporation at December 31, 2021, is as follows:

Jackson Corporation

Classified Balance Sheet

December 31, 2021

Assets

Current Assets:

Cash                                    $ 44,000

Accounts receivable             38,000

Inventory                               79,000

Prepaid rent

(for the next 8 months)       20,000

Investment in equity securities

      (short-term)                    14,000      $195,000

Long-term Assets:

Machinery                         $165,000

Accumulated depreciation (15,000)

Patent (net)                          83,000    $233,000

Total Assets                                         $428,000

Liabilities and Equity

Current Liabilities:

Accounts payable                                 $10,000

Salaries payable                                       6,000

Income taxes payable                            36,000

Total current Liabilities                        $52,000

Long-term Liabilities:

Bonds payable (due in 10 years)       $180,000

Total liabilities                                   $232,000

Equity:

Common stock              $140,000

Retained earnings            56,000 $196,000

Total liabilities and equity            $428,000

What is a classified balance sheet?

A classified balance sheet is a statement of the financial position of an entity at a point in time, with assets classified according to their short and long-term natures.

The equity is also indicated separately with common stock and retained earnings.

Jackson Corporation

Post-closing Trial Balance

December 31, 2021

Account Titles                  Debits        Credits

Cash                              $ 44,000

Accounts receivable       38,000

Inventory                         79,000

Prepaid rent

(for the next 8 months) 20,000

Investment in equity

securities (short term)   14,000

Machinery                     165,000

Accumulated depreciation           $ 15,000

Patent (net)                    83,000

Accounts payable                           10,000

Salaries payable                               6,000

Income taxes payable                   36,000

Bonds payable (due in 10 years) 180,000

Common stock                             140,000

Retained earnings                         56,000

Totals                     $ 443,000 $ 443,000

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Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?

Answers

It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business

~It has created employment

~It has reduced rural-urban migration since some businesses have been set up in Rural areas.

~Saving imports since goods can be locally produced reducing the cost of importing them

~It has raised people's standard of living since one can acquire goods he/she can't produce

~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs

The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft

Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.

Answers

Answer:

diversification

Putting money into more than one kind of investment at a time is called diversification.

What is diversification?

Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.

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A. Environmental Protection Agency B. Consumer Product Safety Commission C. Food and Drug Administration D. Securities and Exchange Commission E. Federal Trade Commission

Answers

Complete Question:

If a business refuses to comply with a request by the _____, the agency can issue a cease-and-desist order, which gives a final demand to stop an illegal practice.

Group of answer choices.

A. Environmental Protection Agency

B. Consumer Product Safety Commission

C. Food and Drug Administration

D. Securities and Exchange Commission

E. Federal Trade Commission

Answer:

E. Federal Trade Commission

Explanation:

The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.

Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.

Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.

Hence, if a business refuses to comply with a request by the Federal Trade Commission, the agency is legally empowered by law to issue a cease-and-desist order, serving as a final demand or warning to stop engaging in an illegal practice.

Which of the following best describes the role of households and firms in the circular flow model of the economy?
a. Firms provide households with factors of production in exchange for money; households provide firms with goods and services in exchange for money
b. Households provide firms with factors of production in exchange for goods and services
c. Households supply the factors of production to firms in exchange for money; firms supply goods and services to households in exchange for money
d. Firms and households exchange money with one another in the pursuit of higher incomes and profits

Answers

Households supply the factors of production to firms in exchange for money; firms supply goods and services to households in exchange for money - best describes the role of households and firms in the circular flow model of the economy. The correct answer would be option C.

The circular flow model illustrates how money circulates in an infinite cycle from suppliers to households and back again. Money goes back and forth in an economy as workers spend their income on goods and services, first going from manufacturers to workers as wages, and then back to producers. It is possible to make the model more intricate by including factors that increase the money supply, such as exports and imports. A country's gross domestic product (GDP) which is also known as its national income, is the outcome of adding up all of these variables.

Governments and central banks can modify monetary and fiscal policy to enhance an economy by analyzing the circular flow model and its present effect on GDP.

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Determine which research method is being used in the following scenario. You are asked to compose a job description for the position of director of sales for SaveWell. This is a position you once held, so you are familiar with the requirements and qualifications. Before beginning to write, you look in the files for past descriptions and check with your supervisor about details to include. (1) Informal research (2) Formal research

Answers

Informal research research method is being used in the following scenario. In contrast to the methodical procedures recommended by methodological communities, informal research acquires data, information, and evidence anecdotally or based on convenience.

The greatest informal research techniques are asking good questions, utilising prior knowledge and experience, making educated guesses, having candid conversations, doing surveys, reading documents, looking for information online, conducting mini-experiments, and performing a trial run. When you look up information and share it in an email or letter without having to formally cite the source, you are engaging in informal research. It is by far the most typical kind of study conducted in industry.

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Consider the market for pens. Suppose that increased medical concerns over lead pencils have led schools to steer away from pencil use in favor of pens. Moreover, the price of plastic, an important input in pen production, has dropped considerably.
On the following graph, labeled Scenario 1, indicate the effect these two events have on the demand for and supply of pens.

True or False: When both the demand and supply curves shift, you can always determine the effect on price and quantity without knowing the magnitude of the shifts.

Consider the market for pens. Suppose that increased medical concerns over lead pencils have led schools
Consider the market for pens. Suppose that increased medical concerns over lead pencils have led schools

Answers

Answer: False

Explanation:
Being able to determine the effect on price would have to be circumstantial

Which clause in the deed of trust and georgia security deed is the equivalent of the defeasance clause in the mortgage?

Answers

The clause of Reconveyance in the deed of trust and Georgia security deed is the equivalent of the defeasance clause in the mortgage. A deed of reconveyance is a legal document that indicates the transfer of title to a property from a lender to a borrower. A reconveyance deed is usually issued after the borrower has paid off their mortgage in full.

Some states don't use mortgages but use deeds of trust. These deeds document the information on how much is being borrowed, by whom, and from whom. As per your state, you may get what’s called a full reconveyance, which is a notarized document signed by the trustee.

Also depending on your state, you may get a satisfaction of mortgage document instead of a deed of reconveyance. If you receive a deed of reconveyance, full reconveyance, or satisfaction of the mortgage document, it means that your loan has been paid in full and the lender no longer has an interest in your property. With your mortgage or deed of trust paid off, you can't be foreclosed on by the financial institution.

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If john deere reorganized its marketing department into four groups focused on homeowners, commercial landscaping, agriculture, and construction, which organizational model would it be adopting?.

Answers

If John Deere reorganized its marketing department into four groups focused on homeowners, commercial landscaping, agriculture, and construction, it would be adopting functional organizational model.

What is functional organizational model?A functional organizational structure is a typical kind of business organization that divides a corporation into various divisions according to areas of competence and groups personnel according to specialization, skill, or related duties.Greater control can be taken on operations and the way work is carried out by segmenting an organization into a number of functional entities.Illustration of a functional organizational structure are company division. department of engineering. Department of facilities. the division of human resources.Starbucks is an illustration of a functional structure in real life. A vice president oversees each of the company's three divisions. Department managers who are subordinate to two senior managers assist the vice president. The majority of the company's staff are lower-level workers in various departments.

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Select all that apply.

Information on a résumé includes each of the following:

date of birth
education
past employment
references

I should know this right now.. Btw, I NeEd aN aNsWeR NoW!!!!!!

Answers

B
Hope this helpssss

Dera diamonds inc. is a premium jeweler. its clientele includes movie stars, politicians, businessmen, and popular socialites. it has a team of jewelry experts that designs jewelry for each of its clients from scratch. everything is made to meet the specific requirements of the clients, and no two jewelry pieces produced by this company has ever been identical. this is an example of

Answers

Answer:

customization

Explanation:

From the question we are informed about Dera diamonds inc. which is a premium jeweler. its clientele includes movie stars, politicians, businessmen, and popular socialites. it has a team of jewelry experts that designs jewelry for each of its clients from scratch. everything is made to meet the specific requirements of the clients, and no two jewelry pieces produced by this company has ever been identical. The case above is an example of customization. Customization in business is also regarded as "built-to-order" it involves the modification of products/goods to suit the personal specification or preference of the clients/customer, it is a way to deliver the product of the customer according to the specified requirements. It a business strategy and when done very well, it makes the clients to always patronize again.

Other Questions
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