Answers
Accounts payable are increased using a debit entry on the entry side of the T-debit account.
The debit entry for an asset account displays an increase in the account, but the asset T-right account shows a decrease in the account. This means that a firm that receives cash will debit the asset account, but a company that sends cash will credit it.
The left side (debit side) of the T Account is often a rise to the account for asset accounts such as cash, inventories, accounts receivable, PP&E, and others. The right side (credit side) reflects a decrease in the asset account in the opposite way.
Accounts payable, sometimes known as "payables" for short, increase when a supplier or vendor extends credit - that is, when a company places an order for products or services, the expense is "accrued," but the cash payment has not yet been made.
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Related Questions
Effective leaders are born, not made. To what extent do you agree with this assertion?
Answers
Leaders are produced; they are never born. There are many assumptions about leaders, and they are supported by the reality that a person's upbringing—including their family, friends, and belief systems—as well as many other factors—are directly responsible for their path and their success in life.
What is Leadership?
Leadership is the accomplishment of a task through controlling human helpers. A leader is a person who skillfully organizes his human colleagues to accomplish specific goals. A great leader is someone who can do this every day, every year, in a wide range of situations.
He may not be powerful or show it; he may never use force or the threat of violence in his interactions. He could not be well-liked, and his admirers might never carry out his orders because they love or respect him. He might never be a flamboyant character, and he might never employ catchy techniques to highlight the goals of his group or draw attention to his leadership.
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CSI project that business can use to support the local community
Answers
The project that business can use to support the local community is G. For Nonprofits .
What are the the projects?
The can be described as the project that encompasses external to the normal business activities of a company which is not directly for purposes of increasing company profit.
In conclusion, the project that business can use to support the local community is G. For Nonprofits .
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archana held a conference call with several clients which of the following statements is most true
Answers
The statement that is true about the conference call that Archana has made with the clients would be: Communication channels act as a medium for the flow of information.
What is communication?Communication is the process of exchanging information, ideas, or thoughts between individuals or groups through speech, writing, or other means of expression. It involves a sender who encodes a message, a medium through which the message is conveyed, and a receiver who decodes the message.
Effective communication requires that the sender and receiver have a mutual understanding of the message being conveyed. The purpose of communication can vary, including to inform, persuade, instruct, or entertain. Communication can take place between people face-to-face, over the phone, via email, or through other mediums.
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What misconceptions should Juanita correct during her meeting with Bill?
Answers
Misconceptions should Juanita correct during her meeting with Bill are - The misconception that a low stock price indicates a bad investment, The misconception that diversification is unnecessary, The misconception that investing in individual stocks is the only way to invest.
1. The misconception that a low stock price indicates a bad investment: Bill seems to believe that because the company's stock price is low, it must be a bad investment. However, stock price alone does not indicate the quality of an investment. There could be many factors affecting the stock price, such as market conditions or industry trends. Juanita should explain to Bill that it is important to look beyond the stock price and evaluate the company's financials and fundamentals before making an investment decision.
2. The misconception that diversification is unnecessary: Bill seems to believe that investing in only a few companies is sufficient and diversification is unnecessary. However, investing in only a few companies can expose an investor to significant unsystematic risk, which can be mitigated by diversification. Juanita should explain to Bill the benefits of diversification, including reducing risk and potentially increasing returns.
3. The misconception that investing in individual stocks is the only way to invest: Bill seems to believe that investing in individual stocks is the only way to invest. However, there are many other investment options available, such as mutual funds, exchange-traded funds (ETFs), and index funds. Juanita should explain to Bill the different investment options available and help him identify which option is best suited to his investment goals and risk tolerance.
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What would happen to GDP if a significant number of house-spouses who were previously staying home to care for their children began taking jobs and placing their children in day-care? Would the nation's well-being necessarily be better off?
Answers
Answer:
The GDP will increase.
Explanation:
The number of women taking a job will result in the rise of real GDP because their participation will increase the number of economic activities. Therefore, a rise in economic activities will boost the GDP. But it would be uncertain to say that the well being of the nation will be better off because daycare will harm the bond of children and parents. Moreover, lack of parental supervision will result in the low performance of children at the latter age and if the child is at the age in which breastfeeding is required then lack of breastfeeding may harm child's physical and mental health as well.
Can Uber Be the Uber of Everything ?How does the Internet change consumer and supplier relationships?please add references
Answers
Uber, as a platform-based business model
UberBy using the internet to connect customers and drivers, Uber, a platform-based business model, has upended the conventional taxi industry. Uber's potential to become the "Uber of Everything" is a difficult subject, and the answer may change depending on a number of variables.On the one hand, Uber has already gone beyond ride-sharing to provide food delivery, electric bike rentals, and freight transportation. In this regard, Uber has already begun to market itself as a multi-service platform that can provide customers with a variety of services.Yet in order for Uber to become the "Uber of Everything," it would need to overcome a number of obstacles. For instance, certain services can need particular technical or logistical assistance.
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The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
Answers
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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(100 POINTS AND BEAINLYESt)
(Question 2 Only)
Answers
Answer:
D
Explanation:
Humans are always looking for things to help improve their daily lives, seeing advertisements showcase new items for them and get them to buy their stuff.
Answer:
ur jew for this
Explanation:
Miss Richards claimed she received a memo from her employer about post-party transportation. What did the memo say
Answers
The content of the memo which Miss Richards claimed she received from her employer about post-party transportation is:
Cab service would be provided.What is a Memo?This refers to the written message which gives certain directives, usually to employees in an office setting.
With this in mind, we can see that from the complete text, there was the narration about Miss RIchards receiving a memo from her boss and there was the talk of logistics regarding transportation and it was stated that cab service would be provided.
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The positions of art director and editor are both supervisory ones.
True
False
Answers
That is False because a editor edits things.
Prepare the journal entries to record the following transactions on Kwang Company's books using a perpetual inventory system.
a. On March 2, Kwang Company sold $900,000 of merchandise to Sensat Company, terms 2/10, n/30. The cost of the merchandise sold was $620,000.
b. On March 6, Sensat Company returned $90,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $62,000.
c. On March 12, Kwang Company received the balance due from Sensat Company. From the information in BE5-4, prepare the journal entries to record these transactions on Sensat Company's books under a perpetual inventory system.
Answers
Answer:
Solution BE5-4
Journal Entries
Date Particulars Debit Credit
(a) 02-Mar Accounts Receivable $900,000
Sales Revenue $900,000
02-Mar Cost of goods sold $620,000
Inventory $620,000
(b) 06-Mar Sales Return & allowances $90,000
Accounts receivable $90,000
06-Mar Inventory $62,000
Cost of goods sold $62,000
(c) 12-Mar Cash $793,800
Sales Discount $16,200
($810,000*2%)
Accounts receivable $810,000
($900000- $90000)
Solution BE5-5:
Journal Entries
Date Particulars Debit Credit
(a) 02-Mar Inventory $900,000
Accounts payable $900,000
(b) 06-Mar Accounts payable $90,000
Inventory $90,000
(c) 12-Mar Accounts Payable $810,000
($900000- $90000)
Inventory ($810000*2%) $16,200
Cash $793,800
Josie is the CRM manager for a toy company. Under what pathway in the Marketing, Sales, and Services career cluster would Josie's job fall?
A. Merchandising
B. Marketing Management
C. Professional Sales
Answers
Answer:
B. Marketing Management
Explanation:
Marketing management is a process in which the planning and execution of pricing, promotion, distribution, goods & services in order to exchange and satisfy the individual and organization goals & objectives. It also involved the marketing, sales and services
Therefore option b is correct
Answer:
B
Explanation:
just took the test<3
Can anyone help me with this accounting question? Im confused with the question
Answers
Answer:
what the heck
Explanation:
is this englesh
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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what are the indicators are used to carry out capital budgeting for different ventures of a company.
Answers
Answer:
The answer is below
Explanation:
The indicators that are used to carry out capital budgeting for different ventures of a company are:
1. Profitability of the project
2. Profitability for equity investors
3. Financial sustainability of the project
These essential indicators assist the firms to evaluate a future project's lifetime cash inflows and outflows to know whether the probable returns would be yielded and satisfy an adequate target goal.
Borner Communications’ articles of incorporation authorized the issuance of 130 million
common shares. The transactions described below effected changes in Borner’s outstanding
shares. Prior to the transactions, Borner’s shareholders’ equity included the following:
Shareholders’ Equity ($ in millions)
Common stock, 100 million shares at $1 par $100
Paid-in capital—excess of par 300
Retained earnings 210
Required:
Assuming that Borner Communications retires shares it reacquires (restores their status to that of
authorized but unissued shares), record the appropriate journal entry for each of the following
transactions:
1. On January 7, 2013, Borner reacquired 2 million shares at $5.00 per share.
2. On August 23, 2013, Borner reacquired 4 million shares at $3.50 per share.
3. On July 25, 2014, Borner sold 3 million common shares at $6 per share.
Answers
Explanation:
On January 7, 2013, Borner reacquired 2 million shares at $5.00 per share.
The total cost of reacquiring 2 million shares is:
2,000,000 shares x $5.00 per share = $10,000,000
To record the reacquisition of shares, we need to reduce the common stock and paid-in capital accounts by the par value of the shares reacquired and the excess of the reacquisition cost over the par value should be recorded as a reduction in retained earnings. The journal entry to record the transaction is:
Retained Earnings $ 10,000,000
Common Stock $2,000,000
Paid-in Capital in Excess of Par $8,000,000
(To record the reacquisition of 2 million common shares)
On August 23, 2013, Borner reacquired 4 million shares at $3.50 per share.
The total cost of reacquiring 4 million shares is:
4,000,000 shares x $3.50 per share = $14,000,000
To record the reacquisition of shares, we need to reduce the common stock and paid-in capital accounts by the par value of the shares reacquired and the excess of the reacquisition cost over the par value should be recorded as a reduction in retained earnings. The journal entry to record the transaction is:
Retained Earnings $ 14,000,000
Common Stock $4,000,000
Paid-in Capital in Excess of Par $10,000,000
(To record the reacquisition of 4 million common shares)
On July 25, 2014, Borner sold 3 million common shares at $6 per share.
The total proceeds from the sale of 3 million shares is:
3,000,000 shares x $6.00 per share = $18,000,000
To record the issuance of shares, we need to increase the common stock and paid-in capital accounts by the par value and the excess of the proceeds over the par value. The journal entry to record the transaction is:
Cash $ 18,000,000
Common Stock $3,000,000
Paid-in Capital in Excess of Par $15,000,000
(To record the issuance of 3 million common shares at $6 per share)
What two characteristics must an item possess to have monetary value?
A. scarcity and capital
C. transferability and utility
B. capital and transferability
D. utility and scarcity
Answers
The two characteristics that must be possessed is transferability and utility.
We can describe "monetary value" as the property of having a material worth and this allows the transfer-ability of an assets.
The amount that is paid in cash for an asset is referred to the monetary value of such asset.Money is one of the measure through which the monetary value on an assets is being exchange for the asset.In conclusion, a monetary value must be transferable to other person and must be able to be used to carry out transaction at any time..
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which of the following is a collaboration of software
Answers
Answer:
I dont see anything
Explanation:
"There is an IT company whose strategy is to distinguish itself by developing high quality innovative technology. As the Director of HRM you are responsible for ensuring that HRM practices are.. 250 words
Answers
As the director of human resource management (HRM) for an IT firm that seeks to stand out via the development of high-quality, cutting-edge technology, it is my duty to make sure that HRM procedures complement the strategic goals of the business.
We can construct an organizational culture that encourages the creation of high-quality, creative technologies by concentrating on human resource management HRM practices. This will make it possible for the business to draw in and keep top personnel, promote creativity and teamwork, and ultimately accomplish its strategic goals.
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A department begins the month with 100 units at a cost of $7,500 and 25% complete in work in process. An additional 1,000 units are started during the month and additional costs incurred are $12,500. At the end of the month, there are 200 units still in process which are 50% complete. Using FIFO, the ending balance in Work in Process Inventory is _______________ $ (rounded to nearest dollar).
Answers
Answer:
$1,282
Explanation:
beginning WIP = 100 units 25% complete, so EUP are 25 units
units started = 1,000
ending WIP = 200 units 50% complete, so EUP are 100 units
the company processed 75 EUP form beginning WIP (100 - 25) + 1,000 units started - 100 EUP in ending WIP (200 - 100), so total equivalent units for the month = 975
cost per EUP = $12,500 / 975 = $12.8205
ending WIP balance = 100 EUP x $12.8205 = $1,282.05 ≈ $1,282
32 POINTS! Please answer QUICKLY! Giving away a product for free can be a good business practice. Why is this TRUE?
A.
When those free items make it into the hands of potential consumers, the business receives ongoing advertising through visibility.
B.
Even if every single person throws away the free product, the company hasn’t wasted any time, resources, or money.
C.
When a consumer doesn’t have to make a purchase, the consumer may become frustrated with the process.
D.
A free product keeps the consumer from buying an additional product from the same company.
Answers
Common sense; and personal experience. If you get something for free but you often use it or carry it around that’s free advertising & if you like it you’ll most likely come back
When those free items make it into the hands of potential consumers, the business receives ongoing advertising through visibility is this TRUE. Thus option A is correct.
What is business?A person who produces items or provides a service with the intention of selling it for a profit is engaging in business. An innovative company or group that engages in business roles is referred to as a corporation. They could be industrial, professional, or something else.
Advertising, buying, and distributing goods to customers or other firms are all included in marketing. If you receive an item for nothing but use it frequently or take it around, it serves as a free advertisement, and if you love it, you'll probably return it.
Businesses that adopt this attitude run the significant danger of concentrating too intently on their own business and lose focus of the true goal. Therefore, option A is the correct option.
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What comes closest to ABC Inc’s beta if its expected return is 15%, the expected return on the market is 8%, and the riskless rate is 2%?
a. 1.9
b. 1.63
c. 2.2
d. 2.5
Answers
Answer:
Beta = 2.167 rounded off to 2.2
Option c is the correct answer
Explanation:
Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free rate
rM is the market return
As we already know the risk free rate, the return on market and the expected return on stock, plugging in these values in the formula we can calculate the beta of the stock.
0.15 = 0.02 + Beta * (0.08 - 0.02)
0.15 - 0.02 = Beta * 0.06
0.13 / 0.06 = Beta
Beta = 2.167 rounded off to 2.2
on
Student loans can!
your options on
what you want to do in your life.
Answers
Answer:
try to get a high paying job to get that student loan out
Hey everyone, I have a question about budget lines and indifference curves in relation to government subsidies.
A government subsidy programme lowers the price of food to poor consumers from $3 per unit to $2 per unit. Assume that food and “all other goods” (AOG) are both normal goods for the typical poor consumer, who has a budget of only $12. Let the price of AOG be $1. (My graph is attached)
Question: Indicate on your graph how much the program costs the government for the representative consumer.
Can you please explain it to me, I’m very confused. Would it be from A to C? I just don’t know why.
Thank you in advance :)
Answers
The cost of the subsidy program for the representative consumer would be $6.
How to determine the costIn this scenario, we have a government subsidy program that reduces the price of food for poor consumers from $3 per unit to $2 per unit. The typical poor consumer has a budget of $12 and faces a price of $1 for all other goods (AOG).
To determine the cost of the subsidy program for the representative consumer, we need to consider the quantity of food that the consumer can purchase before and after the subsidy.
Before the subsidy:
With a budget of $12 and food priced at $3 per unit, the consumer can afford to purchase $12 / $3 = 4 units of food.
After the subsidy:
With the subsidy reducing the price of food to $2 per unit, the consumer can now purchase $12 / $2 = 6 units of food.
The difference in the quantity of food purchased before and after the subsidy is 6 - 4 = 2 units.
To calculate the cost of the subsidy program, we multiply the additional quantity of food (2 units) by the original price of food ($3 per unit):
Cost of the subsidy = 2 units * $3 per unit = $6.
Therefore, the cost of the subsidy program for the representative consumer would be $6.
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What is management company pays brokers 0.1 percent fee for marketing the fund
Answers
Answer:
pater
Explanation:
and also rupa that's all
pater po
What is anyone's opinion on tutoring people for businesses?
Answers
Starting a tutoring side hustle is a great way for teachers or students to earn extra money every month, whether it's to pay off any high-interest debt or build up your travel fund. It's not hard to get started, and you can offer tutoring on the weekend or after school.
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $3.20 per case. Orders arrive three days from the time they are placed. Daily holding costs are equal to 5 percent of the cost of the beer. What is the economic order quantity for Stein beer?
Answers
Answer:
20 Cases
Explanation:
Economic order quantity which is also known as (EOQ) can be defined as the order quantity a company or an organisation should tend to purchase or buy in order to minimize their inventory costs.
Example of this inventory costs are:
Holding costs
Shortage costs
Order costs.
Calculation for the economic order quantity for Stein beer will be:
Numbers of cases × Numbers of days
4 cases× 5 days
= 20 cases
Therefore the economic order quantity for Stein beer will be: 20 cases every five days because the Orders often arrived three days from the time they are placed.
Question Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from this account. You anticipate that the inflation rate will be 4% during the year. However, the actual inflation rate for the year is 6%. Calculate the impact of inflation on the bank term deposit.
Answers
Answer:
Deposited amount will decrease by 1% and $2,000
Explanation:
Inflation rate will effect the value of money due to decrease in purchasing power of the currency holder.
We will use following formula to calculate the impact
Nominal rate = Real interest rate + Inflation rate
5% = Real interest rate + 6%
Real interest rate = 5% - 6% = -1%
The deposited amount will be decreased by 1%.
Deposit value = $200,000 x ( 1 - 1% ) = $198,000
Decrease in value = $200,000 - $198,000 = $2,000
Smores Co. Smores Co. produces and sells many camping products. The company has just opened a new plant to produce a cushy sleeping bag that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory 0 Units produced 47,000 Units sold 42,000 Selling price per unit $81 Selling and administrative expenses: Variable per unit $2 Fixed (total) $561,000 Manufacturing costs: Direct materials cost per unit $17 Direct labor cost per unit $8 Variable manufacturing overhead cost per unit $4 Fixed manufacturing overhead cost (total) $846,000 Management is anxious to see how profitable the new camp cot will be and has asked that an income statement be prepared for May. Assume that the company uses absorption costing. 1) What is the unit product cost
Answers
Answer:
$29
Explanation:
Smores corporation produces and sells many camping products
The following data was recorded during its first month of operation
Selling price per unit= 42,000
Selling and administrative expenses= $81
Units produced = 47000 units
Variable per unit= $2
Total= $561,000
Manufacturing costs
Dirct materials= $17
Direct labor= $8
Variable manufacturing overhead= $4
Therefore the unit of product cost can be calculated as follows
= Direct material + direct labor + variable manufacturing overhead
= $17 + $8 + $4
= $29
Hence the unit of product cost is $29
3/7 x (-1/2) • MARKING BRAINLIEST TO THE ANSWER WITH AN EXPLANATION ON HOW U GOT THE ANSWER!
Answers
Answer : The answer of the given expression is \(\frac{-3}{14}\)
Explanation :
The given expression is: \(\frac{3}{7}\times \frac{-1}{2}\)
As we know that,
When we are multiplying a fraction by a fraction then multiply numerators and multiply denominators like this:
\(\frac{X}{Y}\times \frac{A}{B}=\frac{X\times A}{Y\times B}\)
So, the answer of the given expression will be:
\(\frac{3}{7}\times \frac{-1}{2}\)
By multiplying numerators and multiply denominators, we get:
\(\Rightarrow \frac{3\times (-1)}{7\times 2}\)
\(\Rightarrow \frac{-3}{14}\)
Therefore, the answer of the given expression is \(\frac{-3}{14}\)