E. Describe the challenges of global supply chains and how
Internet technology can help companies manage them better?
Answers
Global supply chains face numerous challenges due to their complex and interconnected nature.
Some of the key challenges include:
1. Distance and Time Zones: Operating across different countries and regions means dealing with significant geographic distances and varying time zones. This can lead to delays in communication, transportation, and coordination, making it challenging to ensure timely and efficient delivery of goods.
2. Cultural and Language Differences: Global supply chains involve working with diverse cultures, languages, and business practices. These differences can create communication barriers, misunderstandings, and difficulties in building trust and effective collaboration between stakeholders.
3. Regulatory and Compliance Issues: Each country has its own regulations, customs procedures, and trade policies that companies must navigate to ensure compliance. Understanding and adhering to these regulations can be complex and time-consuming, requiring extensive documentation and coordination with customs authorities.
4. Supply Chain Disruptions: Global supply chains are susceptible to various disruptions, including natural disasters, geopolitical conflicts, labor strikes, and unexpected changes in demand or supply. These disruptions can lead to delays, inventory , increased costs, and customer dissatisfaction.
Internet technology can help companies manage these challenges and improve the efficiency and resilience of global supply chains in several ways:
1. Real-Time Visibility and Tracking: Internet technology enables real-time tracking and monitoring of shipments, inventory levels, and production processes. Companies can leverage technologies such as RFID (Radio Frequency Identification), IoT (Internet of Things), and GPS (Global Positioning System) to gain visibility into their supply chain operations, identify bottlenecks or delays, and proactively address issues.
2. Collaboration and Communication: Internet-based tools like email, instant messaging, video conferencing, and collaborative platforms facilitate seamless communication and collaboration across geographically dispersed teams and partners. Companies can share information, exchange data, and make decisions more efficiently, overcoming language and cultural barriers.
3. Data Analytics and Predictive Modeling: Internet technology allows companies to collect and analyze vast amounts of data from various sources within the supply chain. Advanced analytics and predictive modeling techniques can help identify patterns, forecast demand, optimize inventory levels, mitigate risks, and make data-driven decisions to enhance supply chain performance.
4. Supply Chain Integration: Internet-based platforms and cloud-based systems enable the integration of different supply chain components, including suppliers, manufacturers, logistics providers, and customers. This integration improves coordination, information sharing, and end-to-end visibility, leading to streamlined processes, reduced lead times, and enhanced customer service.
5. Risk Management and Resilience: Internet technology enables companies to monitor and assess risks throughout the supply chain. Companies can use online platforms and software solutions to identify potential disruptions, evaluate alternative scenarios, develop contingency plans, and implement risk mitigation strategies.
Overall, Internet technology offers significant opportunities for companies to overcome the challenges of global supply chains by improving communication, visibility, collaboration, data analysis, and risk management. By leveraging these technologies effectively, companies can enhance their supply chain efficiency, responsiveness, and customer satisfaction in the global marketplace.
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Related Questions
Javier has documents to give to his tax preparer. he has not started his tax return for this year but is a prior client. what services do you offer him?
Answers
If Javier has documents to give to his tax preparer, he may want to contact his tax preparer to schedule an appointment to provide the necessary documents.
The tax preparer can then use the documents to begin preparing Javier's tax return. If Javier is a prior client, the tax preparer may already have some of his information on file, which can help streamline the process.
What are taxpayers?Generally, It's generally a good idea for taxpayers to gather all necessary documents and information before meeting with their tax preparer, as this can help the preparer complete the tax return more efficiently. Some of the documents and information that may be needed for a tax return include:
W-2 forms (wage and salary information)1099 forms (for income from sources such as freelance work or investments)Receipts or records of charitable donationsReceipts or records of business expenses (if applicable)Information on any tax credits or deductions that Javier is eligible forJavier should also be prepared to answer any questions his tax preparer has about his financial situation, as this will help the preparer accurately complete the tax return.
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What are 10 things that makes a business a disruptor? (must have 10 reasons cannot be the same)
Answers
Some of the things that make a business a disruptor are:
Unstable expectationsIrregular business modelsInconsistenciesComplex business modelsComplex ecosystemsLack of job satisfactionWhat is a Business Disruptor?This refers to the factors that disrupt the normal flow of a business due to inconsistencies, etc.
Hence, we can see that based on the fact that for an effective business to run, it needs to have good vision and mission statements that are clear and easy to follow.
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Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is
considered part of the manufacturing section, because it produces the physical product: books, magazines,
newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until
printing transforms it into one)?
O primary, because it makes original content
secondary, because it transforms ideas into physical objects
tertiary, because it provides a service
quaternary, because it involves research
Answers
Answer:
quaternary, because it involves research
Explanation:
business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. In what ways is Warby Parker satisfying the needs of its customers
Answers
Answer:
The explanation according to the given circumstance is described below throughout the explanation section.
Explanation:
Warby Parker announces a brand new approach for purchasing glasses: the opportunity to get elevated accessories shipped to the door at quite a cheap price.Individuals post five major social media framework choices to inspire clients and receive supportive input from their loved ones.A new sales moment in time structure was perhaps the most critical aspect of developing consumer engagement.Convincing a person using appeal and understanding is_____.
Answers
Answer:
persuasion or pathos?
a common dysfunction of teams is to be results oriented.
Answers
A common dysfunction of teams is being excessively results oriented, which can create a high-pressure environment, hinder collaboration and creativity, and strain relationships among team members.
Dysfunction of Being results oriented in Teams:
In team dynamics, being results oriented refers to a situation where the team's focus is solely on achieving outcomes or goals, often at the expense of other important factors such as collaboration, communication, and team member well-being.
This dysfunction can have several negative consequences:
high-pressure environment: When teams are excessively results oriented, there is often a high level of pressure to meet targets and deadlines. This can lead to stress, burnout, and decreased job satisfaction among team members.lack of collaboration: When the sole focus is on results, team members may neglect the importance of collaboration and teamwork. This can result in a lack of effective communication, coordination, and sharing of ideas.reduced creativity and innovation: Being overly results oriented can stifle creativity and innovation within a team. When the emphasis is solely on achieving outcomes, there may be less room for experimentation, risk-taking, and thinking outside the box.strained relationships: A team that is excessively results oriented may prioritize individual achievements over building strong relationships and trust among team members. This can lead to a lack of support, cooperation, and a sense of camaraderie within the team.It is important for teams to strike a balance between being results oriented and fostering a healthy team dynamic. This can be achieved by:
Setting clear goals and objectives, but also considering the process and the well-being of team members.Promoting open communication and collaboration among team members.Encouraging creativity, innovation, and a willingness to take calculated risks.Recognizing and valuing the contributions of each team member.Creating a supportive and inclusive team culture.Learn more:About dysfunction of teams here:
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-A(n)---- another is described as moving money from one bank account to
Answers:
Deposit
ATM transaction
Transfer
Withdrawal
Answers
A(n)---- another is described as moving money from one bank account to ATM transaction.
What is the process of transferring money from one account to another known as?Money is sent from one account at Bank A to another at Bank B by a bank-to-bank transfer, sometimes referred to as an external transfer. External transfers that are electronic or use the internet can speed up the transfer of funds to a recipient by removing the need to transmit money physically between banks.
What is the name of a bank to bank transfer?Electronic funds transfers between banks are known as ACH transfers, or automated clearing house transfers. Find out the costs and how they operate at various institutions.
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merchandise inventory should be reported as follows except a.as a long-term asset on the balance sheet. b.at lower of cost or market. c.as a current asset on the balance sheet. d.none of these choices are correct.
Answers
Merchandise inventory is reported as current asset on the balance sheet. So, the correct answer is (c).
The cost of finished goods (COGS) that a merchant or distributor has on hand to sell to its clients during a relevant accounting period is referred to as merchandise inventory. The pricing of the books or periodicals a bookshop offers for sale would be considered part of its merchandise inventory.
When these items are sold during an accounting period, the cost of those items is added to the cost of goods sold and is reflected as an expense on the earnings statement for the accounting cycle during which the sale was made. Whenever an item's cost is recorded as a current asset, it stays on the balance sheet until it is sold if it is not sold during the accounting cycle.
According to the lesser of price or market rule, you must lower the recorded cost of merchandise inventory to its market price and charge the shortfall to expenditures if the market value of inventory falls less than its recorded cost.
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financial reporting by a development stage enterprise differs from financial reporting for an established operating enterprise in regard to footnote disclosures a. only. b. and expense recognition principles only. c. and revenue recognition principles only. d. and revenue and expense recognition principles.
Answers
Financial reporting by a development stage enterprise differs from financial reporting for an established operating enterprise in regard to footnote disclosures only.
The correct answer is option A.
For businesses and investors, financial reporting is an essential procedure since it offers significant data that illustrates financial performance over time. A company in the development stage is one that is working to establish a profitable enterprise. It's possible that the organization isn't yet making any money or that its major function hasn't yet started.
A development state enterprise follows the same accounting procedures as a fully operational firm. The status of the organization should be made clear in the notes that go along with the entity's financial statements so that readers may understand why the firm first declared losses.
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just a mental health update, be sure to drink some water and get a heathy snack and don't to much work. Have a good day! <3
Answers
Your job pays you $1600per month all taxes combined reduce your pay by 25% your current expenses are $1200 per month you want to join a health club for $75 per month can you afford it
Answers
Answer:
1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200
So after you take 25% of 1600 away from 1600, you're left with 1200
So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.
Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over
So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.
Explanation:
You discover that the company has never been sued for discrimination and has never had negative pr as a result of a gender-related hr issue. should diversity still be a concern?
Answers
Even though the business has never been accused of discrimination and has never experienced bad press due to a gender-related HR issue, it still might be missing out on the advantages of a diverse workforce.
While state and federal regulations must be upheld to promote multiculturalism, company culture and organizational practices can support the development of a multicultural environment or not. Most businesses have a codified, written anti-harassment and discrimination policy. The variety of Zappos' workforce, for instance, is a huge asset, according to the company's policy. We truly believe in offering equal opportunity in all facets of employment, and we will not put up with any type of unlawful discrimination.
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BUSI 2003 Topic: Economic growth and productivity Group activity: After watching the video, each group will discuss/answer the following assigned question(s) and prepare for the large group discussions. Q1: Why were not the Ford cars affordable before the Model T came to the market? And how could ford sell half a million car per year with a price even below $600 ? Q2: How did he increase labour productivity? Q3: What are the side effects of the economic growth, if any? Are they really the product of the economic growth? Q4: Would you agree with the conclusions made from the report issued by the Club of Rome? Explain your answer. Q5: How were the problems stemmed (or that was predicted to arise) from the rapid economic growth solved to some extent? Any market correction or adjustments?
Answers
Ford cars were expensive before Model T. Lowered prices with assembly line production. Increased labor productivity with the assembly line. Economic growth can cause environmental issues, and inequality, but not inherent. Agreement on the Club of Rome report is subjective. Problems are tackled through market corrections, regulations, and tech advancements.
Q1: Before the Model T, Ford cars were not affordable primarily due to inefficient production methods, lack of standardization, and high production costs. Henry Ford introduced assembly line production and standardized parts, which significantly reduced production time and costs, allowing for mass production and lower prices.
Q2: Ford increased labor productivity through the implementation of the assembly line. This production method divided tasks into smaller, specialized steps, reducing the time required to assemble each car and increasing overall efficiency. It allowed workers to focus on specific tasks, resulting in faster production and higher output.
Q3: Side effects of economic growth can include environmental degradation, income inequality, and resource depletion. While these side effects can be associated with economic growth, they are not inherently products of economic growth itself. Proper regulation, sustainability measures, and social policies are needed to mitigate these effects.
Q4: The agreement with the conclusions made from the report issued by the Club of Rome will depend on the individual's perspective. The report, titled "The Limits to Growth," highlighted concerns about the finite nature of resources and the potential consequences of unchecked economic growth. Some may agree with the report's warnings and advocate for sustainable practices, while others may hold differing opinions on the possibilities and solutions presented.
Q5: The problems stemming from rapid economic growth were addressed through various market corrections and adjustments. These include regulatory measures to mitigate environmental impacts, social policies to address income inequality, and technological advancements to increase resource efficiency. Market forces, such as supply and demand dynamics, also played a role in shaping the economy and influencing corrective actions.
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sheila loves her weekly manicures, but lately she has been so busy with work and other life obligations that she barely has time to fit them in! what type of manicure might be helpful for sheila and what does it involve ?
Answers
Answer:PAINT HER NAILS ON HER OWN
Explanation:she can just paint her nails on her own!
mention four consumer protection agency
Answers
United Nations Conference on Trade and Development (UNCTAD) ...
European Consumer Centre Network (ECC-Net) ...
Iberoamerican Forum of Consumer Protection Agencies (FIAGC) ...
Unsolicited Communications Enforcement Network (UCENet) ...
Global Privacy Enforcement Network (GPEN) ...
Consumers International.
1
"I put $200 into my retirement account at work," Maisie says. "And I see that my employer put in $200 in the same account! What is this?" What is
Maisie describing?
A. medical insurance
O B. worker's compensation
OC. matching funds
O D. Social Security
um. All rights reserved.
Reset
Next
G
Answers
In matching funds, as Maisie is discussing, her company makes a contribution to her retirement account that is equal to the one she makes.
What do you mean by matching funds?funding matches. a confirmed cash contribution or financial commitments from approved sources, free of any conflicts of interest, that are used for approved project purposes during the grant financing period.
How do match funds function?The non-federal portion of the total project expenditures that a grantee must contribute in order to fulfill the objectives of the award is known as a match for a federal grant. The program RFP should be consulted because the needed match percentage, sources of match, and other conditions differ from program to program.
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rate this photo...............
Answers
Answer:
ok
Explanation:
black and white
Answer:
um id.k maybe a 5 1/2 ig?
Explanation:
why is current value and replacement cost not the same?
Answers
Hope this helps, have a great day:)
The Federal Reerve decide to ell $50 million in government debt to houehold paying with checkable depoit. The current reerve requirement i 5%
Answers
The reserve ratio is the percentage of reservable liabilities that commercial banks must retain and not lend or invest. The country's central bank—in the US, the Federal Reserve—determines this requirement. The term "cash reserve ratio" is also used to describe it.
What Does the Reserve Ratio ?One of the Federal Reserve's main tools for monetary policy is the reserve ratio. To increase the amount of money available in the economy, the Fed may decide to reduce the reserve ratio. Borrowing becomes more appealing to customers when banks have more money to lend at lower interest rates.In contrast, the Fed raises the reserve ratio requirement to cut down on the amount of money that banks must lend. By slowing the economy, the Fed can lower the amount of money in circulation and reduce inflation.The Fed also establishes reserve ratios to make sure banks have cash on hand to avoid running out of money in the event of frantic depositors requesting large-scale withdrawals. If a bank lacks the money to meet its reserve requirement, it may borrow money from the Fed to do so.Banks are required to store reserves either as cash in their safes or as deposits with a Federal Reserve Bank. The Federal Reserve started giving banks interest on these reserves on October 1, 2008.This rate was known as the interest rate on required reserves. There was also an interest rate on excess reserves (IOER), which is paid on any funds a bank deposits with the Federal Reserve in excess of their reserve requirement. The interest on reserve balances, a new, more straightforward measure, took the place of the IORR and IOER on July 19, 2021.The IORB rate is 0.10 percent as of 2022.To Learn more About reserve ratio refer To:
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how to draw an indifference curve from a utility function
Answers
An indifference curve is a graphical representation of a consumer's choices. It depicts all the possible combinations of goods and services that provide the same level of satisfaction or utility to the consumer. It is shaped by a utility function that describes a consumer's preferences and the level of utility associated with each combination of goods.
How to draw an indifference curve from a utility function:
1. Choose two goods: The first step in drawing an indifference curve is to choose two goods that the consumer can buy. For example, suppose we have a consumer who consumes only two goods, x and y.
2. Write down the utility function: Once you have chosen the two goods, the next step is to write down the consumer's utility function. The utility function describes the level of satisfaction that the consumer derives from consuming different combinations of the two goods. For example, if the consumer's utility function is U(x,y) = 3xy, it means that the consumer derives three units of satisfaction from consuming x units of good x and y units of good y.
3. Set the utility level: After writing down the utility function, the next step is to set the utility level. The consumer's utility function represents all the possible combinations of goods that provide the same level of satisfaction to the consumer. Suppose we set the utility level to U(x,y) = k, where k is a constant. This means that all the combinations of goods that provide the same level of satisfaction to the consumer have a utility level of k.
4. Solve the utility function for one of the goods: To draw an indifference curve, we need to solve the utility function for one of the goods, say x. This will give us an equation that describes the different combinations of goods that provide the same level of satisfaction to the consumer.
5. Draw the indifference curve: Once we have the equation for the different combinations of goods that provide the same level of satisfaction to the consumer, we can draw the indifference curve. The indifference curve is a curved line that shows all the possible combinations of goods that provide the same level of satisfaction to the consumer.
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What does a money market account offer that a certificate of deposit (CD)
does not offer?
A. You make more money in interest.
B. You can withdraw money at any time.
C. You can open more than one money market account.
D. There is no difference between a money market account and a CD.
Answers
b you can withdraw money at any time.
whenever dac opens a new sales office in another country, it transfers a manager from headquarters to head up the new office, believing that foreign managers lack the expertise and skills to make the best decisions for the operation. this reflects ________.
Answers
Without the knowledge and abilities to decide best for the operation, this shows an ethnocentric mindset.
By an ethnocentric mentality, what do you mean?A fundamental attitude known as ethnocentrism expresses the conviction that a particular ethnic group or culture is better to that of other ethnicities or civilizations, and that ones personal cultural norms may be universally applied.Consider the utensils that various civilizations favor as a common illustration of ethnocentrism. Some cultures think it is strange or wrong that some cultures customarily use chopsticks to eat, preferring instead for using forks, spoons, and knives.
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according to liquidity preference theory, the money-supply curve is
Answers
Answer:
According to liquidity preference theory, the money-supply curve would shift if the Fed engaged in open-market operations. According to liquidity preference theory, the Fed controls the money supply directly. ... If the Fed conducts open-market purchases, the money supply decreases and aggregate demand shifts right.
Based upon past experience, Barry expects no overdrafts. He expects no 2nd copies of statements. Barry estimates that he will use network ATMs about 5 times a month with either bank. Barry decides in the end to choose EECU. Assuming that both banks provide the necessary services equally well, and based upon the tables of fees given above, how much can Barry reasonably expect to save annually by choosing EECU in this case over E-town bank
Answers
Answer:B
Explanation:
The mallards pay their two quarterbacks $7. 2 million and $1. 4 million. If the team salary is $33 million a year and their budget for quarterbacks is 25% of total salaries. Are they over budget?.
Answers
Yes, they go over budget when they pay their two quarterbacks, $7.2 million and $1.4 million each, for Mallards. If the team budget for quarterbacks is 25% of total compensation and the team salary is $33 million annually.
Calculation:The results are displayed below:Considering that the salaries of their two quarterbacks are $7.2 million and $1.4 million
Total: $8.6 million ($7.2 million plus $1.4 million).
If the team's compensation is $33 million, however,
Additionally, their budget is equal to 25% of total compensation, or $8.25 million ($33 million x 25%)
$8.25 million
Since the aim was $8.25 million but the actual cost was $8.6 million, we can conclude that it is overbudget.
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Question:
The Mallards pay their two quarterbacks $7.2 million and $1.4 million. If the team salary is $33 million a year and their budget for quarterbacks is 25% of total salaries. Are they over budget? a) Yes b) No
Bonds issued by raxin accounting have a total yield of 11.4% annually, while raxin accounting stocks have a total yield of 14.4% annually. if you invest $2,600 in raxin accounting bonds and $2,000 in raxin accounting stocks, which investment will have a greater return after nine years, and how much greater will it be? a. the bonds will show a profit that is $75.60 greater than that of the stocks. b. the bonds will show a profit that is $67.60 greater than that of the stocks. c. the stocks will show a profit that is $8.00 greater than that of the bonds. d. the stocks will show a profit that is $524.40 greater than that of the bonds.
Answers
If amounts of $2600 and $2000 are invested in raxin accounting bonds and stocks respectively, bonds will give a return over such investment that is more than $158 compared to that of stocks.
What is return on investment?Using the given information, it can be calculated that the returns generated by bonds over an investment of $2600 for nine years will be $6870; whereas that for stocks will be $6712 for an investment of $2000.
\(\rm Better\ Return\ on\ Investment= Returns\ over\ Bonds – Returns\ over\ Stocks\\\\\rm Better\ Return\ on\ Investment= 6870-6712\\\\\rm Better\ Return\ on\ Investment= \$158\)
Hence, it has been computed that bonds have a generated a better return on investment at the rate of 11.4 percent for a period of nine years that is more by $158 than that of returns by stock investments.
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Answer:
Its A) 75.60 greater than that of stocks
Explanation:
ON EDGE
Suppose that last year a total of $12 billion in goods and services was exported to other countries, while $8 billion was imported. Net exports equals $_______ billion.
Answers
Assume that $8 billion was imported last year, whereas $12 billion worth of goods and services were exported to other nations. Total net exports come to $4 billion.
What exactly are net exports?The difference between a country's total value of exports and its total value of imports is known as net export. An essential factor in determining an economy's gross domestic product is net export.
The whole trade of a country is gauged by its net exports. The calculation of net exports is as easy as subtracting the value of all the products and services a country exports from the value of all the goods and services it imports.
Net Exports = Exports - Imports
Net Exports = $12 billion - $8 billion
Net Exports = $4 billion
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Diane Jacobs is a student studying economics and currently working on her cla schedule for next semester. When she considers taking another economics course and how to meet prerequisites for future economics courses, she is acknowledging dependencies that exist: a. between markets. b. between people or businesses in the same market. c. through time. d. between her own choices.
Answers
C) She is realizing reliances that endure over time as she thinks about taking another economics course and how to fulfill requirements for subsequent economics courses.
What does economic reliance entail?Economic reliance is the term used to describe how financially dependent one person, business, nation, or institution is on another. One thing or element must be successful for another to be successful, to deliver something, or for something to occur. If one initiative is not financially successful, funding for another project could not be available.
As in "Saudi Arabia's economic dependency on oil prices is troubling," the phrase can refer to a whole country. Lack of rain could result in farmers losing their harvest. As a result, rather than being dependent on the welfare of another entity, there is economic dependence on something occurring, such as rainfall.
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Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:
Chart of Accounts
Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense
Concession Fee Expense
June
2
Began business by placing $7,200 in a business checking account.
3
Purchased supplies on account, $150
4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.
5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900
6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.
8
Received cash of $470 for rentals during the first week of operation.
13
Hired a part-time assistant to help out on weekends at $7.50 per hour
14
Paid a maintenance person to clean the grounds, $75.
15
Received cash, $500, for rentals during the second week of operation.
16
Paid the assistant for a weekend’s work, $150.
20
Paid for the supplies purchased on June 3, $150.
21
Paid repair bill on bicycles, $55.
22
Received cash for rentals during the third week of operation, $550.
23
Paid the assistant for a weekend’s work, $150.
26
Billed a company for bicycle rentals for an employee outing, $110
27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.
28
Received cash for rentals during the week, $410.
29
Paid the assistant for a weekend’s work, $150.
30
Transferred $500 to personal checking account.
Answers
Answer:
27.
Explanation:
Salt foods purchases forty $1,000, 7%, 10-year bonds issued by pretzelmania, incorporated, for $37,282 on january 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt foods receives interest semiannually on june 30 and december 31.
Answers
The market interest rate for bonds of similar risk and maturity is 8%. Salt foods receives interest semiannually on june 30 and December 31. The appropriate journal entry is: Debit Investment $37,282, Credit Cash $37,282.
How to prepare the journal entry?a. Debit Investment $37,282
Credit Cash $37,282
(To record the purchase of bonds)
b. Debit Cash $1,400
[($1,000 × $40) × 0.07 × 6 ÷ 12)]
Credit Investment $91
Credit Interest revenue
($37,282 ×8% × 6 ÷ 12) $1,491
(To record semi- annual interest revenue)
Therefore the entry is the appropriate journal entry is: Debit Investment $37,282, Credit Cash $37,282.
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The complete question is:
Salt Foods purchases forty $1,000, 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt Foods receives interest semiannually on June 30 and December 31.
Record the investment in bonds.2. Record receipt of the first interest payment on June 30.