Which of the following would be included in the journal to record an NSF check? 1. a debit to Cash and a credit to Accounts Receivable 2. a debit to Accounts Receivable and a credit to Cash 3. a debit to Accounts Payable and a credit to Cash 4. a debit to Bank Expense and a credit to Cash
Answers
The correct entry to record an NSF (Non-Sufficient Funds) check in a journal would be a debit to Accounts Receivable and a credit to Cash. Option 2 is the correct answer.
When an NSF check is received from a customer, it means that the check cannot be processed or honored due to insufficient funds in the customer's bank account. As a result, the amount of the check needs to be reversed from the Accounts Receivable account since the payment was not received.
The entry would be as follows:
Debit: Accounts Receivable
Credit: Cash
This entry reduces the amount of Accounts Receivable, reflecting the fact that the customer's payment is no longer valid. Additionally, it credits the Cash account to reverse the initial debit entry made when the check was originally received. Therefore Option 2 is the correct answer.
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Related Questions
You purchased a share of stock for $12. One year later, you received $0.50 as a dividend and sold the share for $13.25. What was your holding-period return?
Answers
The Holding-period return equals 14.58%.
What is the Holding-period return?This refers to the total return that is earned on an investment during the time that it has been held.
Holding-period return = ($0.50 + $13.25 - $12) / $12
Holding-period return = $1.75 / $12
Holding-period return = 0.145833333
Holding-period return = 14.58%
Therefore, the Holding-period return equals 14.58%.
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One of the limitations for an entrepreneur of setting up a new business as a franchise is:
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Answer:
The first and most significant disadvantage of a franchise is the fact that the franchisee has no control of the business or how it is run (or very limited control). The rules of the business are already established and part of the franchise agreement.
jonathan, the branch manager for lonetree realty, developed and implemented a creative advertising campaign for his branch. based on washington law, which statement about this is true?
Answers
Based on Washington law, the true statement about this situation is: Jonathan, as the branch manager, must ensure that the creative advertising campaign for Lonetree Realty complies with all applicable Washington state laws and regulations regarding real estate advertising.
Here are the steps Jonathan should follow to ensure compliance:
1. Verify that all advertising materials include the full name of the firm (Lonetree Realty) and the name of the designated broker.
2. Ensure that the advertising campaign does not use any misleading or false statements, which could be considered as misrepresentation or fraud.
3. Confirm that the advertising materials do not discriminate against any protected classes under the Fair Housing Act and Washington State Law.
4. Check that any claims or offers made in the advertising campaign are accurate, substantiated, and in line with the services provided by Lonetree Realty.
By following these steps, Jonathan can ensure that his creative advertising campaign for Lonetree Realty is in compliance with Washington law.
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Should the United States pass a balanced budget amendment? Explain your answer.
Write one or two paragraphs stating your position. In your argument, include your opinion on the merits of a balanced budget amendment. Support your response with logical reasons and examples
Answers
Answer:
There is no balanced budget provision in the U.S. Constitution, so the federal government is not required to have a balanced budget and Congress usually does not pass one. Several proposed amendments to the U.S. Constitution would require a balanced budget, but none have been enacted.
What happens when humans build homes and business?
Answers
Humans build homes and businesses to live properly without financial burden. The shelter is one of the fundamental requirements for every human being be it financial, along with food and clothing. It protects human beings from wild animals, natural disasters, and changing climatic conditions.
The shelter is one of the fundamental requirements for every human being along with food and clothing. It protects human beings from wild animals, natural disasters, and changing climatic conditions. So, humans need shelter to feel protected and for a sense of well-being. It is a comfortable place for a person where one can rest, rejuvenate and revive. Thus humans build homes and businesses to live properly without financial burden.
So, humans need shelter to feel protected and for a sense of well-being.
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brad?s company, an eastern based firm, is going through tough times. downsizing is the only way to keep the company from going bankrupt. brad has been given the assignment to eliminate an unprofitable region. his analysis has shown that the southwest region has a positive contribution margin but a net loss due to fixed costs. the western region has a positive contribution margin and a net loss. the eastern region has a positive contribution margin and a net income. the northeastern region has a positive contribution margin but a net loss. brad further discovers that the net losses of the western and southwestern regions are due to fixed costs. further investigation finds that the fixed
Answers
Based on Brad's analysis, it seems that the best option for his company would be to eliminate the western and southwestern regions in order to reduce fixed costs and improve the company.
Costs in the western and southwestern regions are significantly higher than in the other regions. It's important to note that downsizing is never an easy decision and can have negative consequences on both the employees and the community that are being affected by this. As the company's decision maker, Brad should consider all the facts and figures and also the social impact of such a decision. He should also weigh in the long-term effects of the decision, as well as alternative solutions, such as cost-cutting measures in the western and southwestern regions before making any final decision.
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The Southwest area has a positive contribution margin but a net loss owing to fixed expenses,the Western region has a positive contribution margin but a net loss, and the Eastern region has positive contribution margin but a net profit.
The Western United States (also known as the American West, the Far West, and the West) is the region that includes the United States' westernmost states. The meaning of the term "West" altered as American settlement in the United States extended westward. Prior to around 1800, the Appalachian Mountains' crest was considered the Western region. The frontier advanced westward, and the regions west of the Mississippi River came to be known as the West. The Rocky Mountains and the Great Basin to the Pacific Coast, as well as the mid-Pacific island state of Hawaii, are included in the Census Bureau's definition of the 13 westernmost states.
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Define demand and supply
Answers
What are the other options to insurance
Answers
Medical Cost Sharing Programs. ...
Health Savings Accounts. ...
Medical Services Discount Cards. ...
High-Deductible Policies.
List the basic elements of business plan
Answers
Answer:
Company Description
Market Analysis
Competitive Analysis
Marketing Plan
Sales Strategy
Explanation:
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o drive its competitors out of a certain geographic segment of its market, fryin’ potatoes, inc., sets the prices of its products below cost for the buyers in that area. this is
Answers
Fryin' Potatoes, Inc. is engaging in predatory pricing, which involves setting prices below cost with the intention of driving competitors out of a specific geographic segment of the market.
This strategy is considered anti-competitive and is prohibited by most countries' competition laws. However, proving predatory pricing can be challenging as it requires demonstrating the company's intention to harm competition rather than simply engaging in aggressive pricing practices.
The practice of predatory pricing is generally considered anti-competitive and may be subject to legal scrutiny in many jurisdictions. Laws and regulations vary, but predatory pricing is often prohibited as it can harm competition and ultimately lead to monopolistic behavior.
The intent behind predatory pricing is to create barriers to entry for competitors and then raise prices once the competition is eliminated, allowing the predatory firm to recoup losses and potentially exploit the market with higher prices in the long run.
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lyft’s use of driver ratings helps to give passengers confidence in their knowledge of the drivers and to convey trust. this relates to which component of service quality?
Answers
Assurance to humans in terms of service delivery is very important. It tells if service delivered is acceptable or not. This relates to Assurance component of service quality.
In the various sector or the economy, there are various ways used to improve service quality. In the transportation sector, service quality is done through: The encouragement of agent feedback. The use of agents listen to calls. The sending of post-contact surveys after every interaction. etc.Conclusively, Service Assurance is the use of policies and processes by any firm to make sure that services rendered meet a pre-defined service quality level.
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why is training important
Answers
These reasons include:-
Increased job satisfaction and morale among employees.Increased employee motivation.Increased efficiencies in processes, resulting in financial gain.Increased capacity to adopt new technologies and methods.Increased innovation in strategies and products.Reduced employee turnover.Watch the animation and observe the titration process when a standard 0. 100 m sodium hydroxide solution is added to 50. 0 ml of a 0. 100 m hydrochloric acid solution. Identify which of the following statements regarding acid-base titration are correct.
Answers
In acid-base titration, the process is neutralizing a solution of unknown concentration with a standard solution of known concentration.
The goal of this process is to determine the unknown concentration of the solution.
The correct statements regarding acid-base titration in this animation are:
The balanced chemical equation of the reaction taking place between sodium hydroxide and hydrochloric acid is: \(NaOH + HCl → NaCl + H2O\)From the balanced chemical equation, we can see that one mole of NaOH reacts with one mole of HCl to produce one mole of NaCl and one mole of water.
The equation gives us the ratio between the moles of the acid and base required to react completely. Here, we have a 0.1 M NaOH solution, and we want to find the molarity of HCl.
According to the equation, the mole ratio of NaOH to HCl is 1:1.Therefore, 0.1 moles of HCl are required to react completely with 0.1 moles of NaOH. We have 50 ml of 0.1 M HCl solution, which we can convert to liters by dividing by 1000.50 ml = 50/1000 L = 0.05L
Thus, the moles of HCl in the solution are: moles of \(HCl = M × V = 0.1 × 0.05 = 0.005\) moles. From the equation, we know that 0.005 moles of HCl will react completely with 0.005 moles of NaOH. The volume of NaOH required to react with HCl is determined using the concentration of NaOH.
Volume of NaOH = Moles of NaOH/Concentration of NaOH = 0.005/0.1 = 0.05 L or 50 ml
Therefore, the correct statements regarding acid-base titration in this animation are:1. When 50 ml of a 0.1 M HCl solution is titrated with 0.1 M NaOH solution, the volume of NaOH required to neutralize HCl is 50 ml.2.
From the balanced chemical equation, we can see that one mole of \(NaOH\)reacts with one mole of HCl to produce one mole of NaCl and one mole of water.3. The mole ratio of NaOH to HCl is 1:1.
Thus, 0.1 moles of HCl are required to react completely with 0.1 moles of NaOH.
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Full Question = Watch the animation and observe the titration process of a standard 0.100 M sodium hydroxide solution with 50.0 \rm ml of a 0.100 M hydrochloric acid solution. Identify which of the following statements regarding acid-base titration are correct.
Check all that apply.
The titration process is based on a chemical reaction.
The \rm pH of the solution at the equivalence point is 7.
At the endpoint, the \rm pH of solution is 10 and the color of solution is pink.
At the beginning of the titration process, the \rm pH of the solution increases rapidly.
The chemical reaction involved in an acid-base titration is a neutralization reaction.
Before any base is added to the solution, the \rm pH of the solution is high.
In a titration process, the endpoint is reached before the equivalence point.
The \rm pH of the solution changes very slowly at the equivalence point.
b.)100 \rm mL of 1.00 M~\rm HCl solution is titrated with 1.00 M~ \rm NaOH solution. You added the following quantities of 1.00 M ~\rm NaOH to the reaction flask. Classify the following conditions based on whether they are before the equivalence point, at the equivalence point, or after the equivalence point/endpoint.
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
consider an asset with beta of 1.2. the expected return on the market portfolio is 13% and the risk-free rate is 5%. suppose you expect the asset to generate a return of 10%. does the asset lie above, below, or on the security market line?
Answers
The security market line (SML) is a graphical representation of the relationship between the expected return and risk of individual securities, given the market's risk and return.
It is plotted by drawing a straight line between the risk-free rate and the market portfolio's expected return. In this scenario, the asset has a beta of 1.2, indicating it is riskier than the market as a whole. Given that the expected return on the market portfolio is 13%, and the risk-free rate is 5%, we can use the Capital Asset Pricing Model (CAPM) to calculate the expected return on the asset.
Using the CAPM, we get an expected return of:
Expected Return = Risk-Free Rate + Beta*(Expected Market Return - Risk-Free Rate)
Expected Return = 5% + 1.2*(13% - 5%)
Expected Return = 14.4%
However, the question states that we expect the asset to generate a return of only 10%. This implies that the asset lies below the SML, as its expected return is lower than the expected return predicted by the CAPM. Therefore, the asset is undervalued in the market, and an investor could consider buying it, given the potential for higher returns than what the market is currently pricing in.
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How does information technology impact the economic sector?
Answers
Answer:
~ᴛᴇᴄʜɴᴏʟᴏɢɪᴄᴀʟ ᴘʀᴏɢʀᴇꜱꜱ ᴀʟʟᴏᴡꜱ ꜰᴏʀ ᴛʜᴇ ᴍᴏʀᴇ ᴇꜰꜰɪᴄɪᴇɴᴛ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏꜰ ᴍᴏʀᴇ ᴀɴᴅ ʙᴇᴛᴛᴇʀ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ, ᴡʜɪᴄʜ ɪꜱ ᴡʜᴀᴛ ᴘʀᴏꜱᴘᴇʀɪᴛʏ ᴅᴇᴘᴇɴᴅꜱ ᴏɴ.
Explanation:
ᴍᴀɢᴀɴᴅᴀɴɢ ᴛᴀɴɢʜᴀʟɪ ꜱᴀ ᴀᴛɪɴɢ ʟᴀʜᴀᴛ!!!
Please heart my Answer←_←Tysm
Please heart my Answer←_←Tysm #Studying is important
1. Why would a potential sponsor be interested in an organization's market reach?
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Answer:
A potential sponsor would be interested in an organizations market reach because they want to know the estimated number of consumers the organization markets to. A sponsor isn’t interested in a small market
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what is 1+1 its my homework
Answers
Answer:
2 :D lol
Explanation:
which phrase best completes the diagram?
Answers
Why should you understand what you can and cannot copyright?
Answers
Answer:
Copyright is important as it helps to protect the value of an author/academic/researchers work, by giving the originator of the work the ability to protect it from unlicensed or uncredited usage.
Explanation:
Answer:
So that therefore you wouldn't be fined of plagiarism of any kind.
Explanation:
the term average means _______.
a. there are an equal number of employees earning above the amount provided and an equal number earning below the amount provided
b. there are an equal number of employees earning above the amount provided but not an equal number of employees earning below the amount provided
c. there are an equal number of employees not earning above the amount provided but an equal number of employees earning below the amount provided
d. The number calculated by adding all numbers together, then dividing by the total amount of numbers
Answers
D.
...................
Which factor might pose the greatest risk to a person applying for a credit
card for the first time?
O A. A short grace period
B. A low introductory credit limit for the first six months
C. A lack of fees
D. A low introductory rate that will increase over time
Answers
A low introductory rate that will increase over time is the factor might pose the greatest risk to a person applying for a credit card for the first time. Hence, option D is correct.
What is introductory rate?Introductory rate is the interest rate that is charged to the person at the initial stage of the loan. The interest rate can be minimal, or it is not necessary to charge the interest rate.
The introductory rate is used to sell the loan to customers and make it seem appealing. They may or may not apply to cash advances, although they are frequently utilized for the application of balance transfers.
Thus, option D, A low introductory rate that will increase over time is correct.
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what is true of the liability for loss or injury caused by the wrongful acts or omissions of the members of limited liability companies (llcs)?
Answers
The members of a Limited Liability Company have unlimited liability for any loss or injury caused by the wrongful acts or omissions of the firm.
What is a Limited Liability Company?A limited liability company (LLC) is a type of corporate entity that shields owners from being held accountable for the debts and losses of the company. Liability is taken on by the company rather than the partners or shareholders that make up the firm in the case of a lawsuit or business collapse.
In conclusion, an LLC is a type of business organization that combines limited liability with the pass-through taxation of a corporation with a partnership or sole proprietorship. According to state law, an LLC is not a corporation; rather, it is a type of firm that offers its owners limited liability in many jurisdictions.
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3. Describe through the use of T accounts the birth & growth of the Wahoo Bank
Answers
Answer:
Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.
Explanation:
Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.
In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.
In this example of the keynesian adjustment process, the total number of unemployed people after the downward multiplier effects are completed is _______ million.
Answers
In this example of the Keynesian adjustment process, the total number of unemployed people after the downward multiplier effects are completed is 10 million.
Keynesians accept as true that, because expenses are truly inflexible, fluctuations in any issue of spending—intake, funding, or government costs—purpose output to alternate. If government spending will increase, for instance, and all other spending components remain regular, then the output will grow.
Keynesian economics is the numerous macroeconomic theories and fashions of how the aggregate call strongly influences economic output and inflation. within the Keynesian view, the aggregate call does not necessarily equal the efficient capacity of the financial system.
Keynesian economics argues that calls for drives supplies and that a healthy economy spends or invests extra than they shop. To create jobs and raise purchaser shopping for power during a recession, Keynes held that governments must grow to spend, although it may going into debt.
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Please Help!!!!!!!!!!!!! Watch the Video and Answer the Question!
Briefly describe in your own words the history of Capitalism and Socialism. How and where did each of these systems start? Describe how each system works. Use evidence from the video to support your answer.
Capitalism and Socialism: Crash Course World History #33:
Answers
Answer:
WHAT VIDEO
Explanation:
Answer:
uhm there is no video lol send a link and maybe i can help! :)
Explanation:
which of these are essential characteristics of the cloud? select two. group of answer choices resource pooling on-demand self-service fixed fee single-tenant
Answers
resource pooling and on-demand self-service are the essential characteristics of cloud computing.
The delivery of computing services, such as servers, storage, databases, networking, software, analytics, and intelligence, over the Internet (also known as "the cloud") in order to provide quicker innovation, flexible resources, and economies of scale. Cloud computing is also known as "the internet of things." Typically, you will only be charged for the cloud services that you actually use. This can assist you in reducing your operational expenses, improving the efficiency with which you run your infrastructure, and scaling up or down as your business's requirements shift. Any activity that involves hosting services online falls under the broad category of "cloud computing."
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you purchase two microsoft november $140 put contracts for a premium of $3.70. what is your maximum possible profit? assume each contract is for 100 shares.
Answers
Your maximum possible profit, given the put contracts and the premium, would be $13, 630
How to find the maximum possible profit?When you purchase a put contract, the maximum possible profit can be found by subtracting the premium of one put contract from the strike price of the put contract.
The maximum possible profit for this contract on Microsoft is:
= ( Strike price on put - Premium)
= 140 - 3.70
= $136.30
The maximum profit possible is:
= Maximum profit per contract x Number of shares per contract
= 36.30 x 100
= $13, 630
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ABC Corp purchased a conference room table on July 1, 2014 for $2,800. The estimated salvage (disposal) value is $400.00 and the estimated useful life is 5 years. What is the accumulated depreciation at the end of 2017?
Answers
Answer:the guuy up top is right
Explanation:
When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answers
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.