Prepare all necessary journal entries in good form.
matures INSTRUCTIONS Prepare all necessary journal entries in GOOD FORM for each of the following transactions Reference each entry with the corresponding date. Leave one space between res ALL COMPUTA
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As you have not provided the transactions, I will give you a general idea of how to prepare journal entries in good form. Journal entries are used to record business transactions in the accounting system. Here is how you can prepare journal entries in good form:
Step 1: Determine the accounts involve in the transaction and classify them into debit and credit accounts.
Step 2: Determine the amount of money that was involved in the transaction.
Step 3: Record the transaction in the general journal by creating a journal entry with the debit account(s) listed first, followed by the credit account(s).
Step 4: Calculate the balance of the accounts after the transaction and post the journal entry to the general ledger.
Step 5: Check the accuracy of the journal entry and make any necessary adjustments. Here is an example of how to prepare journal entries in good form :On January 1, 2021, ABC Company purchased merchandise for $10,000 on account from XYZ Company. The transaction is to be paid in 30 days.
Journal entries for this transaction are: Date Account Title DebitCreditJan. 1Merchandise10,000Accounts Payable10,000This entry records the purchase of merchandise on account.
Step 6: Repeat the above steps for each transaction that needs to be recorded. Make sure to reference each entry with the corresponding date and leave one space between entries.
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Related Questions
suppose total deposits increase by $4,000 after all rounds of the money-creation process when the fed buys $1,000 worth of u.s. government securities. this implies that the maximum value of the required reserve ratio is:
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The maximum value of the required reserve ratio can be calculated using the deposit multiplier formula, which is the reciprocal of the reserve ratio.
In this scenario, the increase in total deposits by $4,000 due to the Fed's purchase of $1,000 worth of U.S. government securities implies a maximum required reserve ratio of 0.25 or 25%. To determine the maximum required reserve ratio, we can use the deposit multiplier formula, which is calculated as the reciprocal of the reserve ratio. The deposit multiplier represents the potential increase in total deposits resulting from an initial injection of funds into the banking system.
By applying the deposit multiplier formula, we can calculate the reserve ratio:
Deposit Multiplier = 1 / Reserve Ratio
$4,000 / $1,000 = 1 / Reserve Ratio
Reserve Ratio = $1,000 / $4,000
Reserve Ratio = 0.25
The reserve ratio, expressed as a decimal, is 0.25 or 25%. Therefore, the maximum value of the required reserve ratio in this scenario is 25%. This means that banks are required to hold reserves equivalent to 25% of their deposits, allowing for a deposit multiplier of 4, resulting in a $4,000 increase in total deposits from the initial $1,000 injection by the Fed.
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In a free market economy, the market, not the
determines prices. The interactions of
and
determine the price in the market?
Answers
Answer: 1. government , 2. consumers , 3. producers
Explanation: edmentum / plato
what happens if a title company wires money and makes a mistake on a transaction and then asks for the money back?
Answers
If these conditions exist, it indicates that the bank made a mistake and they will cancel your transfer.
Why is the importance of transfers in business?There are definite benefits to business transfers in terms of financial security. These include the possibility for tax optimization, and capacity to pay your retirement but maintaining control, the significance of leaving both a personal and professional legacy, and the health and longevity of your company.
whatThe transfer serves what purpose?Employees might be moved to positions where they'll probably be more productive or like their work more. The position, designation, standing, or compensation are unaltered during transfers. This is a method of adjusting the employee to the task, the time, and also the place.
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Posted this question already and no response.
Answers
Answer: A medium of exchange
Explanation:
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
Drag the tiles to the correct boxes to complete the pairs. Match each scenario with the government agency it involves. Environmental Protection Agency Occupational Safety and Health Administration Food and Drug Administration Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses. arrowRight Ryan's new car is certified to meet federal emission standards. arrowRight Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall. arrowRight
Answers
Answer:
1. Occupational Safety and Health Administration (OSHA).
2. Environmental Protection Agency (EPA).
3. Food and Drug Administration (FDA).
Explanation:
1. Occupational Safety and Health Administration (OSHA): Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses.
The Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.
2. Environmental Protection Agency: Ryan's new car is certified to meet federal emission standards.
In the United States of America, the agency which was established by US Congress and saddled with the responsibility of overseeing all aspects of pollution, environmental clean up, pesticide use, contamination, and hazardous waste spills is the Environmental Protection Agency (EPA). Also, EPA research solutions, policy development, and enforcement of regulations through the resource Conservation and Recovery Act.
3. Food and Drug Administration (FDA): Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall.
It is a federal agency of the government of the United States of America saddled with the responsibility of protecting the consumers of edible products and public health safety.
Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answers
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
There is a dollar sale on neckties. You buy 10. Estimate your consumer surplus if you would have been willing to pay $10 for the first tie, $9 for second, $8 for the third, and so forth.
A reasonable estimate of your consumer surplus from the ten ties is
Answers
Answer: 45
Explanation: I just answered it and got it correct
10+9+8+7+6+5+4+3+2+1= 55
Subtract 10 = 45 Total
10 is the $1 dollar difference times the ten items
Answer:45
Explanation:
An investment that you bought for ____
and sold for ____
made a profit.
A $1850, S1600
B. $1850, $1350
C. $1600, $1850
D $1600, $1350
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can someone tell me what car u like bc i need inspo, like a V6 or something
Answers
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
What are the mot important motive behind an enterprie' deciion to undertake foreign direct invetment?
Answers
Market-seeking, resource-seeking, efficiency-seeking, and strategic asset-seeking are the most important motive behind an enterprise's decision to undertake foreign direct invetment.
A company with its headquarters in another country makes a financial commitment to buy a majority stake in a business that operates in another country when it makes a foreign direct investment. Thus, it differs from a foreign portfolio investment due to the concept of direct control. FDI is a major driver of economic expansion. A country's economy is supported by foreign direct investment. FDI might sway domestic investment choices. Through workforce maintenance, FDI promotes the growth of human capital. Occasionally, investments can result in negative values. Numerous empirical studies have revealed that FDI is influenced by a number of variables, including market size, factor costs, transportation costs, political environment, exchange rate, trade openness, tax rates, infrastructure, property rights, and others.
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The chart below shows a production possibility schedule for a pastry shop that makes $0.50 profit per donut and $0.75 profit per bagel. Choice __ yields the largest profit.
Answers
Answer:
its B
Explanation:
if you take how much he makes per donut and per bagel and multiply it by the quantity of each it will give you a total and you just add both the donut total and the bagel total it will give you the final profit and you do that to all of them and see which one has the most money
what relationship between work packages and the work breakdown structure (wbs) does the time phased work package budget demonstrate?
Answers
The relationship between work packages and the work breakdown structure (WBS) is more than one work package can be represented by a WBS activity.
An intimate relationship is an interpersonal relationship that involves physical or emotional closeness. Although an intimate relationship is generally a sexual relationship, it may also be an anon-sexual relationship involving family, musketeers, or acquaintances. Relationships are those characterized by passions of love and magnetism for another person. While romantic love can vary, it frequently involves passions of passion, closeness, and commitment. Romantic connections tend to change over time.
Healthy connections involve honesty, trust, respect, and open communication between mates and they take trouble and concession from both people. There's no imbalance of power. mates admire each other's independence, can make their own opinions without fear of retaliation or retribution, and share opinions.
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Which of the following is NOT a key characteristic of a model-based enterprise?A) Drawings are used as a basis of communicationB) Models are used for machiningC) Sales people can access model data to communicate with customersD) Service engineers can access design model information to help with repairs
Answers
The following is NOT a key characteristic of model-based enterprise: A) Drawings are used as a basis of communication.
The Model-Based Enterprise (MBE) program aims to answer how a manufacturer can match product needs to process capabilities to determine the best assets and ways to produce products to support U.S. industry's competitiveness and address industry's need for interoperability across decentralized systems.Significant benefits for manufacturers include reduced time to market and savings in production costs from improved tool design and fabrication, fewer overall assembly hours, less rework, streamlined development and better collaboration on engineering changes.
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Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
Theo buys 500 shares of a KO for the lofty dividend. If KO pays a dividend of $1.20/share 4 times a year, how much are the dividend payments worth for the year?
Answers
Answer:
$2,400.00
Explanation:
The dividends per year will be dividends per share per year multiplied by 500.
Dividend per share per year
=$1.20x 4
=$4.80
Per year dividends will be worth
=$4.80 x 500
=$2,400.00
negative impact of the coronavirus as one of the socio-economic issue on businesses
Answers
Answer:
Explanation:
Tye negative impact of the coronavirus is that:
1. Unemployment: A negative effect of the virus is the increase in unemployment. Since, people were informed to stay at home, this hindered people from performing their normal activities. Since there was less money in circulation, this led to loss of jobs.
2. Pressure on Health and medical systems: Due to the spread of the virus, there were pressures on hospitals, clinics etc.
3. Negative effect on economic growth. There was a decrease in the demand of goods and services which in turn, had a negative effect on economic growth.
4. Deaths
What example was used in the lesson as why this was a reasonable expansion of the interpretation of the commerce clause?.
Answers
It enables the government to guarantee economic stability. As an illustration of why this was a fair enlargement of the understanding of the commerce clause the lesson used.
The Commerce Clause has been frequently invoked by Congress as justification for exerting legislative control over the actions of states and their residents, sparking intense and ongoing debate about the distribution of power between the federal government and the states.
Congress is given the power to "regulate Commerce with foreign Nations, among the several States, and with Indian Tribes" under the commerce clause of the U.S. Constitution (Article I, Section 8). The primary doctrinal foundation for Congress's regulatory authority over the American economy has been the commerce clause.
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at what price would there be an excess supply of 200 units of the good? a. $35 b. $30 c. $20 d. $15
Answers
The answer to the question is option c. $20. At a price of $20, there will be an excess supply of 200 units of the good. This is because, at this price, the quantity supplied will exceed the quantity demanded by 200 units.
When the price is excessively high, less is requested while more is supplied, which creates an excess supply. On the other side, excess demand results when the price is set too low and the quantity desired outweighs the quantity supplied.
In this case, a price of $20 results in a situation where the amount supplied is 200 units greater than the quantity required, leading to an excess supply. The manufacturers might not be able to sell all of their products as a result of the excessive supply, in which case they might have to decrease their prices to clear the market.
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What is the volume of a box that is 3 m long, 0.5 m high, and 2 m wide?
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Consider Emily's balance statement:
Emily's supervisor asked her to revise the balance statement. What does she need to revise? Why?
A B
1 Assets FY 2014
2 Accounts Payable $2,000
3 Wages $75,000
4 Taxes Payable $10,000
5 Mortgage Payable $15,000
6 Total $102,000
7
8 Liabilities FY 2014
9 Cash $800
10 Inventories $36,000
11 Investments $25,000
12 Accounts Receivable $61,800
13 Total $122,800
14
15 Balance -$20,800
Answers
Answer:
see below
Explanation:
A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.
Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.
In this balance sheet, Emily has confused assets and liabilities.
The column labeled as liabilities represents assets. She should change that. This column should be the topmost column. She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.
Answer:
Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.
Explanation:
What type of competition does a pizza parlor vs. an ice cream shop represent?
Answers
Answer:
Explanation:
Its an indirect competition because we know that a pizza parlor and ice cream shop belong to the same sector i.e. Food but in case of products sold we can observe that pizza is not the same product as an ice cream because one is considered as a fast food while other is mainly eaten as a dessert. If the pizza shop sold ice cream along with pizzas tooo then we might have come across a direct competition to some point.
But in this case the sector is same but the products sold are different therefore this competition can be considered as an indirect competition between the two parties.
Therefore we can conclude from the above statements that we can classify this competition as an indirect competition.
Two methods have been used to produce the following forecasts over the past four months. Which forecast is the best one?
Demand Forecast A Forecast B
150 130 180
200 170 180
220 184 180
190 195 180
a. Forecast B b. Forecast A c. They are equally good. d. There is not enough information to tell.
Answers
To determine which forecast is the best one, we need to compare the actual demand values to the forecasted values and calculate the accuracy of each method. The correct answer is (d) There is not enough information to tell.
However, we do not have the actual demand values for the past four months, so we cannot determine the accuracy of each forecast. Therefore, based on the given information, we cannot determine which forecast is the best one. The correct answer is (d) There is not enough information to tell.
To determine the accuracy of a forecast, it is common to use metrics such as mean absolute error (MAE), mean squared error (MSE), or mean absolute percentage error (MAPE).
These metrics can provide a quantitative measure of the forecast accuracy and help in choosing the best forecasting method. Therefore option D is correct.
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Forecast A is the best forecast because it has the smallest Mean Absolute Deviation (MAD), which measures the average absolute difference between the forecasted values and the actual values.
MAD is a commonly used measure of forecast accuracy. It is calculated by taking the absolute difference between the forecasted value and the actual value, and then averaging these absolute differences over the entire forecast period. The forecast with the smallest MAD is considered to be the most accurate. In this case, the MAD for Forecast A is 20, while the MAD for Forecast B is 23.3, making Forecast A the better of the two forecasts.
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2. Davidson describes two fundamentally different economic philosophies that both impact the debt crisis that the US faces. What are these philosophies? Do you agree with one more than the other?
Answers
Answer:
Davidson describes two philosophies that are represented each by the Republican Party and by the Democratic Party.
Republicans believe, according to Davidson, that the economy works best when the state keeps its hands off it. Republicans view a free market economy without government intervention as essentially a perfect machine that can coordinate the interests of vastly different goups of people (this is the concept of the invisible hand, developed by Adam Smith).
The Democrats, on the other hand, while seeing Capitalism as the most efficient economic system, believe that the capitalist economy needs to be regulated by the state, because otherwise, a free market generates undesirable effects like externalities and economic inequality.
According to Davidson, the republicans and the democrats as philosophies are two fundamentally different economic philosophies that impact the debt crisis facing the US. I agree more with the republican side of things, life can't always come with an aim of everything being "equal" and "fair".
Mateo’s instructor tells him that before he goes further in his job search, he needs to engage in some introspection. How would Mateo’s actions BEST demonstrate introspection?
A.
He is visiting with his friends more frequently.
B.
He is journaling about his strengths and weaknesses.
C.
He is asking his parents for a loan to buy professional clothes.
D.
He is cooking all of his meals at home instead of going out.
Answers
He is journaling about his strengths and weaknesses is Mateo’s actions BEST demonstrate introspection. Because then only he can understand the potential of himself for doing anything.
What is the strength and weakness?Strengths are the potential traits and skills that a person poss of and with the help of the strength, the person build themselves in a job career.
Weakness is the skills and trait that is considered negative for any person that lags them down in the career, they always tried to overcome their weakness.
Thus, option B is correct.
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How does capitalism helps economic growth achievement in developing countries?
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a client with a peripherally inserted central catheter (picc) line has a fever. what client assessment is most important for the nurse to perform?
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publicity is information about a company, a product, or an event transmitted by the general mass media to attract public attention. true or false
Answers
Information about a business, a product, or an event is disseminated via the general mass media as a promotional strategy to grab people's attention. Retailer.
Is something's public advertising intended to draw attention to it or increase interest in it, such as a product-service business or event?Advertising is the process of promoting something in the public eye in order to draw (raise) interest in it. Advertising is a component of marketing, which is the overall process of getting things in front of consumers.
Which phrase describes the open advertising of a good or service?Buying real estate to advertise a good, bad, or abstract notion is a commercial tactic called as advertising. The actual advertising messaging is what is typically referred to as advertisements. The goal of advertising is to convince people who are most likely to be eager to pay for a company's goods or services.
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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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