July 11, 2023:
1. Accounts Receivable $36,000
Sales Returns and Allowances ($36,000 ÷ 0.9) $40,000
Inventory $25,920
Cost of Goods Sold $10,080
Past experience indicates that the normal return rate is 10%. On July 11. 2023. Windsor returned systems to Crane and was granted credits of $36,000. By the time Windsor returned the systems, Crane's account had been paid in full
Assuming Crane follows IFRS, prepare Crane's journal entries to record the $36,000 of actual returns on July 11 , 2023. Credit account titles are automatically indented when the amount is entered.
The journal entry for sales returns and allowances is calculated by dividing the returns amount of $36,000 by 0.9, which is the difference between the normal sales rate of 100% and the normal return rate of 10%. The credit sales made by Crane are recorded as sales, whereas the cost of goods sold is calculated as the cost incurred by Crane for producing the goods sold to Windsor.
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How can the various templates that are available for new Word documents be accessed?
opening up an instance of Word
pressing CTRL+N with Word open
clicking File to enter Backstage View
all of the above
Answer: All of the above
Explanation:
When you open up Word newly, the available templates will be listed for you to choose one of your preference and if those are not enough, one can still get more online.
Pressing CTRL+N with Word open will also enable you to have access to the various templates. Finally, clicking File will enable you to enter Backstage View where you can then click on New to see the various templates.
Answer:
the answer is d) all of the aboveExplanation:
3. describe the trends in rinderpest prevalence over time. how do these trends relate to the vaccination program that began in the 1950s?
The tissue culture rinderpest vaccine, or TCRV, was created in 1960 by English veterinary scientist Walter Plowright. It conferred lifetime vaccination without significant side effects or the risk of additional transmission and was inexpensive to make.
The rinderpest illness is brought on by a virus that afflicts animals with hooves, such as cattle and wildebeest. A cow vaccination campaign helped eradicate the Serengeti disease in the 1950s, but it had a significant negative impact on the populations of wildebeest vaccination and other species. The recombinant rinderpest vaccine may well offer protection against distemper in dogs and measles in humans due to the close antigenic relationships of the morbilliviruses.
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How can a person become a dentist
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
brainliest please
two ways in which young entrepreneurs can benefit from the National Youth Development Agency
South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.
This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.
Remainder Part of the Question:
Build Your Financial Base Terms:
The ______ is one of the best places to put your money.
A _______ is one of the worst places to keep long-term investments.
You can use a _______ to keep track of purchases.
Your _______ is likely to be the largest of the most important investments you make.
It is wise to plan your financial future with _______.
Available Options are:
Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.
Answers:
A. Stock market
B. Bank Account
C. Credit Card
D. Home
E. Insurance
Explanation:
A. The Stock Market is one of the best places to put your money.
Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.
B. A Bank Account is one of the worst places to keep long term investment
The lowest returns are on saving accounts hence it is the worst place for long term investments.
C. You can use Credit Card to keep a track of your purchases.
Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.
D. Your Home is likely to be the largest of the most important investments you make
Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.
E. It is wise to plan your financial future with Insurance.
Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.
The ledger of Blossom Company contains the following balances: Owner's Capital $31,900, Owner's Drawings $1,200, Service Revenue $50,000, Salaries and Wages Expense $27,300, and Supplies Expense $6,700.
Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Closing entries transfer balances, zero out accounts, update owner's capital. The owner's drawings account will have zero balance, and owner's capital will have updated balance of $47,700.
To close the temporary accounts of Blossom Company at December 31, we need to transfer the balances of the revenue and expense accounts to the owner's capital account and reset the revenue and expense accounts to zero. The closing entries will be as follows:
Close the revenue accounts:
Service Revenue $50,000
Income Summary $50,000
Close the expense accounts:
Income Summary $34,000
Salaries and Wages Expense $27,300
Supplies Expense $6,700
Close the income summary account to the owner's capital account:
Income Summary $16,000
Owner's Capital $16,000
Close the owner's drawings account to the owner's capital account:
Owner's Drawings $1,200
Owner's Capital $1,200
After these entries have been made, the revenue and expense accounts will have zero balances and the net income for the year will have been transferred to the owner's capital account. The owner's drawings account will also have a zero balance, and the owner's capital account will have the updated balance of $47,700 ($31,900 + $16,000 - $1,200).
In summary, closing entries are necessary to transfer the balances of revenue and expense accounts to the owner's capital account at the end of an accounting period. This is done to reset the temporary accounts to zero and to determine the net income or loss for the period.
The closing entries for Blossom Company involve transferring the balances of revenue and expense accounts to the income summary account, transferring the net income to the owner's capital account, and transferring the balance of the owner's drawings account to the owner's capital account.
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Which of the following are automatically withheld from paychecks?
Attitude is your belief in your own effectiveness.
Т
F
Answer:
f
Explanation:
this mf emmanuel made me get it wrong. its false bro trust
Advantages of using social media for a business (in terms of customer service)
A manager who involves members of the team in decisions is using which management style?
A.
Authoritarian
B.
Hands-off
C.
Participative
D.
Autocratic
Answer:
c.
Explanation:
Answer:
i think its c) to
Explanation:
The minimum that a firm has to do to engage in international business is to__________.
The minimum that a firm has to do to engage in international business is to Export its products or services to other countries.
What is international business?The term "international business" refers to the exchange of commodities, services, technology, capital, and/or information between nations and beyond international boundaries. It entails carrying out business operations across borders, such as exporting and importing goods, forming joint ventures with international businesses, purchasing foreign businesses, or opening branches or subsidiaries abroad.
Globalization, improvements in communication and transportation technologies, and the liberalization of trade rules are just a few of the elements that influence international commerce. Access to new markets, reduced manufacturing costs, and the capacity to draw on fresh sources of talent and resources are just a few of the many advantages it may provide businesses.
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Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
LaBouche Company had cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses were $97,000. Kelly has determined that at January 1, unearned service revenues was $13,000, and prepaid expenses were $17,500. At December 31, unearned service revenues was $18,600, and prepaid expenses were $23,100. The service revenues on cash basis is:
Select one:
a. $155,000
b. $147,600
c. $142,000
d. $136,400
At the end of the year, prepaid expenses were $23,100 and unearned service revenues were $18,600. The service's cash basis revenues total $136,400.
$142,000 plus $97,000, or $136,400, is the service revenue on a cash basis.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.
To determine how effectively a business collects unpaid debt, it is important to review the cash flow statement. Contrarily, sales will only be recorded as revenue in cash accounting after money has actually changed hands. A "receipt" is money given to a business. An example of an activity that results in a receipt but no revenue is when a consumer prepays for a service or undeliverable products.
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Riley works at kupton co. , which provides her with a health care plan that contracts with health care professionals to provide services at a reduced fee. which type of health care plan is kupton co. providing to its employees
Primary, secondary, tertiary, and quaternary care are the several levels of health care.
Define a health care professionals?plan is a qualifying plan with a provision that lets an employee choose to have the company contribute a portion of their pay to an individual account under the plan.
Profit-sharing, stock bonuses, pre-ERISA money purchase pensions, rural cooperative plans, and profit-sharing are all possible underlying plans. Employee assistance programs (EAPs), which offer employees and household members information and referrals for elder care, are widely available through workplaces today.
In addition to short-term counseling, referrals, and follow-up assistance, these agencies frequently offer free and confidential examinations. The frequency of hiring and firing in a company is referred to as turnover. An employee leaving a company voluntarily occurs when they decide to quit or retire.
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when your father was born 45 years ago, his grandparents deposited $400 in an account for him. today, that account is worth $46,300. what was the annual rate of return on this account?
When your father was born 45 years ago, his grandparents deposited $400 in an account for him. Today, that account is worth $46,300.
The annual rate of return on the account can be calculated using the compound interest formula.P = 400, FV = 46,300, and n = 45 years.Compound Interest Formula is: FV = P (1 + i / n) ^ ntwhere P is the principal amount, i is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years.
The formula can be rewritten as:i = [ (FV/P) ^ (1 / nt) - 1 ] * nUsing the values given in the problem:FV = $46,300P = $400n = 45 yearsi = [ (46300 / 400) ^ (1 / (45*1)) - 1 ] * 1i = [ (46300 / 400) ^ (1 / 45) - 1 ] * 45i = [ (115.75) ^ (0.022222) - 1 ] * 45i = 0.0803 or 8.03%Therefore, the annual rate of return on the account is 8.03%.
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Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau
Answer:
It might be D- whic
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
how did the confederacy, with its agricultural economy, acquire the products and equipment it needed to supply its army?
The money to buy imported goods was provided by the profits from cotton exports.
What means of supply did the Confederacy have?The blockade became more effective as the war went on and more land came under Union control, but it became less of a global problem. The Confederate Army was still able to acquire some supplies by blockade-running ships up until the surrender of Fort Fisher in 1865, nonetheless.
How did the Confederacy raise money to wage war?The Need for the Confederacy to Generate Income
Needing to raise money through taxing, borrowing, and currency creation was of immediate concern. In order to raise the funds required to maintain its operations and finance the war effort, the Confederate government turned to issuing bonds and printing money.
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i am making marketing plan for a company can anyone help me in making swot analysis
A SWOT analysis is to determine the strengths as well as the weaknesses, and threats associated with the company.
What is SWOT analysis?SWOT analysis is been carry out in an organizations to develop a full awareness in term of strength and weakness so as to be able to make business decision.
Steps that are required in SWOT analysis are:
Checking external environment.Carry out analysis on industry and competitionKnow the external opportunities and threats.Since the information is not complete, this is a guide on SWOT analysis
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PART A: In 2020, Concord Company had net sales of $960,000 and cost of goods sold of $528,000. Operating expenses were $220,900, and interest expense was $11,300. Concord prepares a multiple-step income statement.
Compute Concord's gross profit.
Gross profit:
Concord Company's gross profit in 2020 was $432,000.
Gross profit represents the amount of money a company earns from selling its products or services before deducting any other expenses such as operating or interest expenses. It is a key metric used to evaluate a company's profitability as it reflects how efficiently the company is managing its cost of goods sold. In this scenario, Concord's gross profit shows that the company is generating a healthy amount of revenue from its sales. However, to determine the overall profitability of the company, we need to consider its operating expenses and interest expense, which will provide us with the net income or profit earned by the company.
To compute Concord Company's gross profit for 2020, you will need to use the following formula:
Gross Profit = Net Sales - Cost of Goods Sold
Given the information provided, Concord Company had net sales of $960,000 and a cost of goods sold of $528,000. To calculate the gross profit, subtract the cost of goods sold from the net sales:
Gross Profit = $960,000 - $528,000
Gross Profit = $432,000
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_____________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Institutional advertising Please select the best answer from the choices provided A B C D
Answer: A. Product placement
For example, when a character drinks a brand of soda, then this is a product placement. Ideally it should be subtle but sometimes it's very obvious.
What is the 50 30 20 budget rule? Is that a good plan for a monthly budget?
Answer:
The 50/30/20 rule is an easy budgeting method that can help you to manage your money effectively, simply and sustainably.
Explanation:
The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt.
<3 Have a nice day.
50 30 20 budget rule means, 30% of income is spent on wants, 50% on needs, and 20% is set aside for savings and investments. By doing this, you will have established buckets for everything and be operating inside each bucket's allowable limits.
This will help you develop discipline while ensuring that you don't sacrifice the standard of living or your long-term planning. Let's examine how to divide your spending into three categories—needs, wants, and savings—now that the guideline is apparent.
Some people may find the 50/30/20 Rule of budget to be a helpful tool for managing their finances, but your particular monthly costs will determine if the approach is suitable for you. 50% of your income set aside for needs may not be sufficient, depending on your salary and where you reside.
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The first paragraph or part of a business letter is the
OA. introduction
OB. addresses
OC. supporting details
OD. conclusion
SUE
Answer:
introduction
Explanation:
I don't know how to explain
Drag the tiles to the correct boxes to complete the pairs.
Match the parameters of reliability report of the researcher to their relevant descriptions.
the extent to which different parts of the research instrument
measure the same dimension of the study
two researchers conducting the same study and using the
same research instrument are deriving the same conclusion
up to a certain degree
the researcher derives the same conclusion by administering
the research instrument repeatedly
stability
arrowRight
equivalence
arrowRight
internal consistency
arrowRight
In research, a stability means the researcher derives the same conclusion by administering the research instrument repeatedly.
What is equivalence?This refers to the variation of hypothesis tests that is used to draw statistical inferences from observed data.
It involves when two researchers conducts the same study and using the same research instrument are deriving the same conclusion up to a certain degree.What is internal consistency?
This refers to a measurement that is based on the correlations between different items on the same test.
Its involves the extent to which different parts of the research instrument measure the same dimension of the study.Read more about Stability
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the accountant recorded the adjusting entry for the depreciation of its long-lived assets with a debit to depreciation expense and a credit to accumulated depreciation. as a result of this entry, assets and stockholders' equity will be
As a result of the adjusting entry for depreciation of long-lived assets with a debit to depreciation expense and a credit to accumulated depreciation, both assets and stockholders' equity will decrease.
The debit to depreciation expense reduces the net income, and therefore retained earnings, which is a component of stockholders' equity. At the same time, the credit to accumulated depreciation reduces the value of the long-lived assets on the balance sheet, which is also a component of assets.
The net effect is a decrease in both assets and stockholders' equity. This adjusting entry recognizes the fact that the value of long-lived assets declines over time as they are used in the operations of the business, which is a cost of doing business that needs to be accounted for properly in the financial statements.
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I
In which book of original entry would you enter the following?
(a) Sales invoice
(b) Debit note-
(c) Cash sale-
(d) Purchase invoice-
(e) Credit note-
The board of directors authorizes a cash or distribution of cash to its investors.
a. True
b. False
The board of directors authorizes a payout or distribution of cash to its stockholders. It is commonly referred as a dividend. The statement is true.
A dividend is a payment made to shareholders in exchange for their investment in a company's stock, and it is generally derived from the company's net earnings. Though profits can be maintained by the firm and utilized for continuing and future business operations, the balance can be distributed to shareholders as a dividend.
Companies may continue to pay dividends even if their profits are insufficient to sustain their established track record of payouts. The board of directors has the authority to declare dividends over a variety of time periods and at varied payout rates.
Dividends can be paid at regular intervals such as monthly, quarterly, or yearly. Walmart Inc. (WMT) and Unilever (UL), for example, pay quarterly dividends.
Dividend payments have an influence on share price, and the price may climb by roughly the amount of the dividend paid on the announcement, only to decrease by a corresponding amount at the opening session of the ex-dividend day.
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Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
Ralph is a purchase manager in a manufacturing business. He is about to buy raw materials to manufacture a new product. To begin, he thinks he must first consider the target market. What can Ralph do to carry out this task?
A. Visit trade shows and network with other producers
B. Refer to trade magazines and begin meeting up with top notch suppliers
C. Produce a small quantity, sell it, and assess the reactions of customers
D. Explore the demographics, such as age and locations, of his potential customers.
Answer:
d
Explanation:
took it
Answer:
D
Explanation:
correct on plato