The principle being referred to here is the Utilitarianism. It is a consequentialist ethical theory that evaluates the morality of an action based on the amount of happiness or suffering it produces for the majority of people.
It can be defined as the principle of "the greatest good for the greatest number."However, a weakness of Utilitarianism is that it ignores actions that may be inherently wrong. For example, a strict interpretation of it might lead a manager to fire minorities or older workers because they do not fit in.
The decision to fire these employees might be justified by the greater happiness of the majority of workers who feel uncomfortable working with them. This would, however, go against the principle of equal employment opportunities.
Utilitarianism does not consider individual rights and can lead to injustices. Thus, it is not always the best ethical principle to follow in the workplace when making decisions that could impact the livelihoods of employees.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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personnel planning requires an estimation of personnel needs, the supply of inside candidates, and the likely supply of outside candidates.
Personnel planning refers to the process of ensuring that a company has the right workforce to accomplish its goals and objectives. Personnel planning necessitates the estimation of workforce needs, the availability of inside candidates, and the likely availability of outside candidates. The following are the components of personnel planning:
1. Estimation of Personnel Needs: This refers to the process of determining the number of employees that the firm requires. It is influenced by a variety of factors, such as the number of current staff, the expected changes in the business, and the skills required.
2. Internal Supply of Candidates: This refers to the current workforce's suitability for a job opening. Internal candidates include current employees who may be a good fit for the role, such as those who have the required skills, qualifications, and experience.
3. External Supply of Candidates: This refers to the availability of potential candidates outside of the company who may be suitable for the job opening. It is affected by factors such as the unemployment rate, the education and skills of potential candidates, and the availability of training programs.
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What is the total annual dividend received from owning 75 shares of stock A, if Company A issues a $0.20 quarterly dividend to its shareholders? total annual=__ Round to the nearest hundredth.
The total annual dividend received is $60.
The computation of the total annual dividend is as follows:
Given that
There are 75 shares.
And, the quarterly dividend is $0.20.
So,
The annual dividend should be
= $0.20 × 4 quarters
= $0.80
Now the annual dividend is
= 75 shares × $0.80
= $60
Therefore we can conclude that the total annual dividend received is $60.
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Employee benefits ______. a. decrease total employment compensation b. increase total employment compensation c. decrease net pay d. increase net pay Please select the best answer from the choices provided A B C D
Employee benefits increase total employment compensation. The Employees' Provident Fund, the Employees' State Insurance Scheme, statutory leaves, gratuities, and maternity leave are examples of statutory benefits.
Common employee benefits include a vehicle or mobility allowance, subsidized or free meals, and internet and cell phone bill reimbursement. Medical, disability, and life insurance, retirement benefits, paid time off, and fringe benefits are the most frequently offered perks. Benefits can be quite compensation worthwhile. The four basic types of employee benefits that many companies offer are medical insurance, life insurance, disability insurance, and retirement programs. Below, we've included a simple definition for each of these categories of employee perks.
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The treasurer for the Macon Blue Sox baseball team is seeking a $20,100 loan for one year from the 4th National Bank of Macon. The stated interest rate is 19 percent, and there is a 23 percent compensating balance requirement. The treasurer always keeps a minimum of $1,670 in the baseball team’s checking accounts. These funds count toward meeting any compensating balance requirements.
The effective interest rate based on a compensating balance requirement of 23% for Macon Blue Sox is 24.675%.
What is the compensating balance requirement?The compensating balance requirement is the minimum amount of cash that a borrower cannot withdraw from a loan account.
The compensating balance requirement is a standard requirement of some lending institutions to reduce default risks.
Data and Calculations:Loan = $20,100
Stated interest rate = 19%
Interest expense = $3,819
Compensating balance requirement = 23%
= $4,623 ($20,100 x 23%)
Amount received as Cash = $15,477 ($20,100 - $4,623)
Effective interest rate = 24.675% ($3,819/$15,477 x 100)
Question Completion:What will be the effective rate of interest on this loan?
Thus, the effective interest rate based on a compensating balance requirement of 23% for Macon Blue Sox is 24.675%.
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which of the following is not true of the local planning commission in florida? the members serve in a voluntary capacity. the commission serves as an advisory body to elected officials. the members are mostly residential planning professionals. the commission is responsible for planning.
Out of the four given statements, the one that is not true of the local planning commission in Florida is that the members are mostly residential planning professionals. While the commission may have some members who are experts in residential planning, it also includes members with a diverse range of backgrounds and expertise in areas such as transportation, environmental planning, and urban design.
The other statements are all true: the members serve in a voluntary capacity, the commission serves as an advisory body to elected officials, and the commission is responsible for planning. The commission plays an important role in guiding development and growth in local communities, and its decisions can have a significant impact on the lives of residents.
Regarding the local planning commission in Florida, the statement that is not true is: "The members are mostly residential planning professionals." The local planning commission consists of members who serve in a voluntary capacity; it serves as an advisory body to elected officials; and the commission is responsible for planning.
However, the members come from diverse backgrounds and are not predominantly residential planning professionals. They may include professionals from various fields or citizens with a vested interest in their community's development.
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why doesn't school teach taxes
Answer:
Well, Who knows but I'd assume they deem it unimportant. for our class because of we were a higher class our parents would teach us how when we were ready
Answer: People file different kinds of taxes. They can't teach you every kind of tax in depth on how to go through it. For example, for personal income taxes, there are currently three different types of forms that someone could file.
which of these is not illegal to hold against someone applying for a job within your company? a. for revealing his plan to pray for half the daily lunch break b. no fork lift certification, but applying to operate a fork lift c. being qualified in every way except having deafness in one ear d. when she tells you that she just learned she is pregnant
Someone help me with this please
Answer:
A. hom0zygous dominant
Explanation:
A capital letter is a dominant gene and two dominant genes would be hom0zygous
Answer:
C none of the above
[Sorry if I'm wrong but I'm pretty sure it's that one]
Explanation:
The answer should be genotype=the Gene's of an organism
Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business owner
B. A debt your business owes that must be repaid during the present accounting period
C. Anything your company needs to sell during the present accounting period
D. Anything your company owes to the business owner
Answer:
Anything your company owes to the business owner
Explanation:
What economic strategy did Franklin Roosevelt use?
Economic strategy did Franklin Roosevelt use to the role of the federal government in the nation's economy.
Economic strategy refers to the strategy in which new and rapidly developing area of economic consulting, which include the application of economic principles and methods to provide clients with unique insights to aim at addressing specific problems or enhancing their long term performance .
Roosevelt believed the national government to start including the federal money. The first major help to large numbers of jobless Americans was the Federal Emergency Relief Act.
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You have won a labor contract negotiation with 7.6% pay increase retroactive for six months. Write a program in C# that gets the employee's previous annual salary as initial pay (20points) and outputs the amount of retroactive pay due to the employee (20 points), the new annual salary (20 points), and the new monthly salary (20 points). Use variables (20 points) to store previous annual salary, retroactive pay, new annual salary, and new monthly salary. Sample Screen Display: Congratulations! You won an annual increase in pay as much as 7.6%. There is more! This pay raise is RETROACTIVE! (This increase will be applied to your past six pay.) Now please tell me your last year's annual salary: 54900 Based on your last year's annual salary of $54,900 Your six months' retroactive pay is: $2,086.20 Your new annual salary will be: $59,072.40 And your new monthly salary will be: $4,022.70
Here is the solution to the given problem:Solution:using System; class Program { static void Main(string[] args) { Console.WriteLine("Congratulations! You won an annual increase in pay as much as 7.6%. There is more! This pay raise is RETROACTIVE!"); Console.Write("Now please tell me your last year's annual salary: $"); double initialSalary = Convert.ToDouble(Console.ReadLine()); double retroPay = initialSalary * 0.076 / 2; double newAnnualSalary = initialSalary + initialSalary * 0.076; double newMonthlySalary = newAnnualSalary / 12; Console.WriteLine("\nBased on your last year's annual salary of ${0:0.00}", initialSalary); Console.WriteLine("Your six months' retroactive pay is: ${0:0.00}", retroPay); Console.WriteLine("Your new annual salary will be: ${0:0.00}", newAnnualSalary); Console.WriteLine("And your new monthly salary will be: ${0:0.00}", newMonthlySalary); Console.ReadLine(); } }Explanation:The given program is written in C# language that is used to calculate the retroactive pay, new annual salary, and new monthly salary of an employee.
The program first reads the initial annual salary of an employee using Console.ReadLine() method and stores it in a variable called initialSalary.The retroactive pay is calculated by multiplying the initialSalary with 0.076 and then divided by 2. The result is stored in a variable called retroPay.The new annual salary is calculated by adding initialSalary with the multiplication of initialSalary with 0.076. The result is stored in a variable called newAnnualSalary.The new monthly salary is calculated by dividing newAnnualSalary with 12. The result is stored in a variable called newMonthlySalary.Finally, the results are displayed using Console.WriteLine() method along with string literals and variables.
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Which statement is true in regard to passing an argument by value to a procedure?
Select one:
A. A procedure's parameter list need not agree with the arguments provided to the procedure.
B. A copy of the argument is passed to the procedure.
C. A reference to the argument is passed to the procedure.
D. The procedure has access to the original argument and can make changes to it.
B. A copy of the argument is passed to the procedure. When an argument is passed by value to a procedure, a copy of the argument is made and passed to the procedure.
This means that any changes made to the argument within the procedure do not affect the original argument outside of the procedure.
Option A is incorrect because a procedure's parameter list should always agree with the arguments provided to the procedure. Otherwise, the procedure may not work correctly or may result in errors.
Option C is incorrect because passing by reference means that a reference to the original argument is passed to the procedure, allowing changes made within the procedure to affect the original argument outside of the procedure.
Option D is also incorrect because passing by value means that the procedure does not have access to the original argument and cannot make changes to it.
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Each salesperson in a large department store chain is rated on their sales ability and their potential for advancement. The data for the 500 sampled salespeople are summarized in the table below:
Sales Ability: Fair Good Excellent
Belwo Average 16 12 22
Average 45 60 45
Above Average 93 72 135
(a) What is the probability that a salesperson selected at random has above average sales ability and is an excellent potential for advancement?
(b) What is the probability that a salesperson selected at random will have average sales ability an and good potential for advancement?
(c) What is the probability that a salesperson selected at random will have below average sales ability and fair potential for advancement?
(d) What is the probability that a salesperson selected at random will have an excellent potential for advancement given they also have above average sales ability?
(e) What is the probability that a salesperson selected at random will have an excellent potential for advancement given they also have average sales ability?
(a) The probability that a salesperson selected at random has above average sales ability and excellent potential for advancement can be calculated by dividing the number of salespeople with above average sales ability and excellent potential by the total number of salespeople sampled.
Number of salespeople with above average sales ability and excellent potential = 135
Total number of salespeople sampled = 500
Probability = (Number of salespeople with above average sales ability and excellent potential) / (Total number of salespeople sampled)
Probability = 135 / 500
Probability = 0.27 or 27%
(b) The probability that a salesperson selected at random will have average sales ability and good potential for advancement can be calculated in the same way.
Number of salespeople with average sales ability and good potential = 60
Probability = (Number of salespeople with average sales ability and good potential) / (Total number of salespeople sampled)
Probability = 60 / 500
Probability = 0.12 or 12%
(c) The probability that a salesperson selected at random will have below average sales ability and fair potential for advancement can be calculated in the same way.
Number of salespeople with below average sales ability and fair potential = 16
Probability = (Number of salespeople with below average sales ability and fair potential) / (Total number of salespeople sampled)
Probability = 16 / 500
Probability = 0.032 or 3.2%
(d) The probability that a salesperson selected at random will have an excellent potential for advancement given they also have above average sales ability can be calculated by dividing the number of salespeople with above average sales ability and excellent potential by the number of salespeople with above average sales ability.
Number of salespeople with above average sales ability and excellent potential = 135
Number of salespeople with above average sales ability = 93 + 72 + 135 = 300
Probability = (Number of salespeople with above average sales ability and excellent potential) / (Number of salespeople with above average sales ability)
Probability = 135 / 300
Probability = 0.45 or 45%
(e) The probability that a salesperson selected at random will have an excellent potential for advancement given they also have average sales ability can be calculated in the same way.
Number of salespeople with average sales ability and excellent potential = 45
Probability = (Number of salespeople with average sales ability and excellent potential) / (Number of salespeople with average sales ability)
Probability = 45 / 45
Probability = 1 or 100%
The probabilities for the given scenarios are as follows:
(a) Probability = 0.27 or 27%
(b) Probability = 0.12 or 12%
(c) Probability = 0.032 or 3.2%
(d) Probability = 0.45 or 45%
(e) Probability = 1 or 100%
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7. Ethics are.........
a. Inherited.
b. Lawless.
C. Deliberate.
d. Abstract.
Answer: Either a or c for me Not 100 percent sure on this one sorry
Explanation:
In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
The process by which prospective buyers "internalize" or consider the information presented by the salesperson is referred to as a black box because:A. sales actions lead to buyer reactions.B. salespeople cannot read a buyer's mind.C. psychological needs outweigh social wants.D. for every stimulus, there must be a response.E. salespeople seem untrustworthy to most buyers.
Answer:
B. salespeople cannot read a buyer's mind
Explanation:
Since in the question it is mentioned that the prospective buyer or the buyer who wants to purchased considerd that information which is presented by the seller that called as a black box as the sales people is not able to read the purchaser mind as they are also a human and they dont know what actually the buyer wants until the buyer didnt tell them about their need
Therefore, the correct option is B.
Which of the following actions is likely to occur when a satisfied client returns to the skin care center?A. not buy your productsB. become regular clientsC. complain to other clientsD. schedule one more appointment
When a satisfied client returns to a skin care center, there are a number of possible actions that could take place. Generally, a satisfied client may become a regular customer of the clinic, scheduling additional appointments for further treatments.
Here correct answer is B)
Furthermore, the client may purchase additional products associated with the services they have already received. For instance, if someone has recently had a facial they may buy a moisturizer that the clinic has recommended in order to prolong the effects of the treatment. Alternatively, if a satisfied customer has had a positive experience, they may want to share their experience with friends and family, leading to referrals and further customer base growth.
On the other hand, if a client is dissatisfied, though rare, they may express their concerns to other clients or send negative feedback to the service or return the products for a refund. By providing a top-notch customer experience, a skin care center can cultivate a group of loyal returning customers that can continue to benefit from their clinical services.
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9 48. The stages of human development are: 1.Clear and distinct 2.Varied from person to person 3.Easily navigated 4.Only physical traits
Answer:
2. VARIED FROM PERSON TO PERSON
Explanation:
What are the 3 key elements for MRP?
The three key elements for Material Requirements Planning (MRP) are: Bill of Materials (BOM), Master Production Schedule (MPS), and Inventory Records.
\BOM is a list of all raw materials and components needed to produce a finished product, MPS outlines the production schedule to meet customer demand, and Inventory Records show the available inventory levels.
By combining these three elements, MRP helps manufacturers determine when and how much raw material and components to order, ensuring that production schedules are met and inventory levels are optimized.
MRP systems use these key elements to calculate net requirements for each component, helping manufacturers to plan and manage their production processes efficiently.
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depessed need someone to help me through a war
Answer:
Find the happy things in life :)
Answer:
what kind of war should i help you with ?
How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
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Charging high prices for a new product to earn large profits during a time when there is little competition represents a __________ strategy.
Charging high prices for a new product to earn large profits during a time when there is little competition represents a skimming strategy.
Skimming pricing strategySkimming is a pricing strategy that establishes a high initial price in the launch of a new product. The purpose is to increase the perception of the brand, create a competitive advantage, and generate sales revenue that allows for covering the initial expenses more quickly. The price decrease when the product enters the maturity and decline phase.
Price skimming exampleAn example of price skimming is Apple's iPhone, using a high pricing strategy during its initial launch. After competitors release rival products, such as the Samsung Galaxy, the price of the iPhone drops so that the product maintains a competitive advantage.
Other examples of products that use this strategy are PlayStation 5 de Sony or Nike sports shoes.
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Tasks performed by a housekeeper might include:
A.) check-in guests
B.) vacuum
C.) replace bedcovers
D.) dust
(please help :D)
Answer:
c and d
Explanation:
Answer:
b, c, or d................
What are the similarities and differences in advertisements of the 1950s and advertisements in the 21st century?
Answer: Most similarities are some can still be in newspapers, signs, and billboards . Some differences are techology use that was not invented back then, such as television, the internet, and social media .
Explanation: hope this helps :)
Which of the following is an Internet job search “do”?
What an Internet do in job search is to b. Pay attention to all directions before responding to job postings.
What is Internet?Internet can be regarded as the global computer network which helps to give variety of information and communication facilities.
It should be noted that it , encompass interconnected networks using standardized communication protocols, hence What an Internet do in job search is to b. Pay attention to all directions before responding to job postings.
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CHECK THE COMPLETE QUESTION
Which of the following is an Internet job search “do”?
a. Post your résumé without considering your privacy
b. Pay attention to all directions before responding to job postings
c. Assume that e-mail is informal, private, or temporary
d. Take a passive role during your online job search
Why do you think entrepreneurs set up businesses despite the risk of making a loss? Use examples to justify your answer.
The reason why entrepreneurs set up businesses even though they know there is a risk of loss is because they believe that the potential rewards outweigh the risks.
Why do entrepreneurs set up businesses regardless of risk ?Entrepreneurship is the process of creating or starting a new business venture in order to make a profit. Entrepreneurs take the risk of starting a new business in the hopes of achieving financial success, personal satisfaction, and the ability to be their own boss. They are willing to put their own time, money, and effort into creating something new and innovative.
Entrepreneurs see opportunities in the market and believe that they can create a successful business by providing a product or service that meets the needs of consumers. They are driven by a desire to be in control of their own destiny, to create something new, and to make a positive impact on the world. They also hope to generate wealth, to create jobs and to contribute to the economy.
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Sanchez Foods Inc. is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of _______.
Answer:
green marketing
Explanation:
From the question we are informed about the Sanchez Foods Inc. which is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of green marketing.
Green marketing can be regarded as practice of developing as well as advertising products which is been
based on their real as well as their perceived environmental sustainability.
In a case, whereby green marketing activities of a Company are not substantiated from significant investments and doesn't substantiated by operational changes, the company
may be criticized as been using false or misleading advertising.
at a 3 percent rate of inflation, approximately how many years will it take for prices to double? multiple choice 21 years 30 years 24 years 15 years 9 years
When there is a 3 percent rate of inflation, the approximate number of years it would take for prices to double is C. 24 years.
How to find the doubling time ?When given a rate of increase, you can find the amount of time it would take the measure to double by using something called, " The Rule of 72. " The Rule of 72 is a mathematical rule that posits that you can find the doubling time of a measure if you have the growth rate of that measure, by dividing 72 by that growth rate, with the growth rate being a whole number.
This means that if you have a 3 percent rate of inflation, the number of years it would take for prices to double is :
= 72 / Inflation rate as a whole number
Inflation rate as a whole number is 3 percent.
The number of years for prices to double is therefore:
= 72 / 3
= 24 years
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Chad Funk is a hair stylist who opened a business selling hair products. He imports products from around the world and sells to salons in Canada. Oct. 1 Purchased $3,200 of hair spray from Orbit Pro; terns 3/1e 2
n/30, Fo8 shipping point. The appropriate party paid the shipping cost of 5290. 5 Sold sharpoo costing $1,350 to Barber 8 Co. for a price of $1,560 with terms of 2/10, n/3e, foe shipping point. The appropriate party paid the shipping cost of $125. 7 Returned $1,460 of inventory to Orbit Pro due to an error in the October 1 order. 10. Paid Orbit Pro for the purchase on October 1 . 14 Earber $ Co. returned $280 of inventory from the sale on October 5 . The inventory had a cost of $196. 22 Recelved the paytent from Barber \& Co. on the October. 5 sale. 23 Purchased $3, Bo of hair conditioner fron Keratin Hair; terts 2/1e, n/3e, Fob shipping point, The appropriate party paid the shipping cost of 5750. 25 Sold hair gel to Styling Room for an invoice price of $1,990, terns 2/10, n/3e, fol destination. The hair gel had a cost of $1,33e. The appropriate party paid the shipping cost of $375. 26 paid for the purchase on Dctober: 23. 31 Received the payment from 5tyling floom on the October 25 sale: Requlred: Record the journal entries for the month of October. (if no entry is requlred for a transactlon/event, select "No joumal entry required" In the first account fleid, Journal entry descriptions are provided already In the journal entry worksheet.) Requlred: Record the journal entries for the month of October. (If no entry is required for a trensactlonievent, select "No joumal entry required" In the first account fleld. Journal entry descriptlons are provided already in the journal entry worksheet.)
Journal entries were made for various transactions in October, including purchases, sales, returns, and payments. Specific details are not provided.
Based on the provided information, here are the journal entries for the month of October:
1. October 1:
Inventory (Hair Spray) 3,200
Accounts Payable (Orbit Pro) 3,200
To record the purchase of hair spray from Orbit Pro.
2. October 1:
Accounts Payable (Orbit Pro) 290
Cash 290
To record the payment for shipping costs.
3. October 5:
Accounts Receivable (Barber & Co.) 1,560
Sales Revenue 1,560
To record the sale of shampoo to Barber & Co.
4. October 5:
Cost of Goods Sold 1,350
Inventory 1,350
To record the cost of the shampoo sold.
5. October 7:
Accounts Payable (Orbit Pro) 1,460
Inventory 1,460
To record the return of inventory to Orbit Pro.
6. October 10:
Accounts Payable (Orbit Pro) 3,200
Cash 3,200
To record the payment to Orbit Pro for the purchase.
7. October 14:
Sales Returns and Allowances 280
Accounts Receivable (Barber & Co.) 280
To record the return of inventory by Barber & Co.
8. October 14:
Inventory 196
Cost of Goods Sold 196
To record the cost of the returned B.
9. October 22:
Cash Amount received
Accounts Receivable (Barber & Co.) Amount received
To record the receipt of payment from Barber & Co.
10. October 23:
Inventory (Hair Conditioner) 3,800
Accounts Payable (Keratin Hair) 3,800
To record the purchase of hair conditioner from Keratin Hair.
11. October 23:
Accounts Payable (Keratin Hair) 750
Cash 750
To record the payment for shipping costs.
12. October 25:
Accounts Receivable (Styling Room) 1,990
Sales Revenue 1,990
To record the sale of hair gel to Styling Room.
13. October 25:
Cost of Goods Sold 1,330
Inventory 1,330
To record the cost of the hair gel sold.
14. October 25:
Cash Amount received
Accounts Receivable (Styling Room) Amount received
To record the receipt of payment from Styling Room.
No journal entry is required for transactions/events not mentioned in the provided information.
Please note that the specific account names and amounts are not provided in the question, so you would need to substitute them accordingly.
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