An hourly employee works 40 regular hours during a pay period. His base pay
is $12 per hour. He receives no other payments. What is his gross pay for the
period?
A. $440
B. $400
C. $520
D. $480
Answer:
D
Explanation:
A company receives $10,000 in cash for services yet to be performed. Using the accrual method, what's the correct entry to record the transaction? (A) Debit cash $10,000, credit accounts receivable $10,000 (B) Debit cash $10,000, credit sales revenue$1 0,000 (C) Debit sales revenue $10,000, credit cash $10,000 (D) Debit cash $10,000, credit unearned revenue $10,000 (E) Debit cash $10,000, credit accounts payable $10,000
Answer:
credit accounts receivable $10,000 (B)
The correct entry to record the transaction is (D) Debit cash $10,000, credit unearned revenue $10,000.
What is the accrual method of recording transactions?With the accrual method, transactions, that is revenue or expenses, are recorded when they occur not when payment is received or made.
The accrual method follows the matching principle. The matching principle requires that expenses are matched to the revenue that they generate.
Thus, the correct entry to record the transaction, where a company receives $10,000 in cash for services yet to be performed, is (D) Debit cash $10,000, credit unearned revenue $10,000.
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Ginnie has observed that her signature item, the Satisfying Smoothie, is very popular with the late evening crowd at the gym, but it is not so popular with the early crowd. The early and late crowds have only slightly different preferences for her Hydration Power Drink. The gym has a very large clientele, and Ginnie can’t always tell who has the late-crowd preference and who has the early-crowd preference.
Contribution is the difference between sales and variable cost.
Hydration power drink
contribution - revenue
High = 7-1 = 6
Low = 6-1 = 5,
Satisfying smoothie,
High = 10-4 = 6
Low = 5-4 = 1
Hydration power drink bundle will be maximized profit.
What is maximized profit?Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns.
Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.
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Medicare is a national health insurance program that _____.
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Medicare is a national health insurance program that help poor people that cannot afford their health insurance or medicines.
The answer is ( insures American’s poorest people)
Economics* IMPORTANT
What will most likely happen if Karla pays off her car loan early?
A. her credit score will increase
B. her interest rate will go up
C. her credit score will decrease
D. her credit score will stay the same
Answer:
It can actually hurt your credit score because open positive accounts can have a greater impact than closed ones.
Explain the difference between what health insurance covers and what long term disability insurance covers
Answer:
In essence, health insurance benefits enable employees to seek needed medical care. Disability insurance replaces a portion of employee income when they can't work because of an illness or disability. For the most part, disability insurance will not replace all of someone's income.
Explanation:
The Long term disability insurance protects you during lengthy of disability when you’re unable to work (for example, if you are injured.) It is sometimes described as income replacement insurance, as it will pay you a monthly amount that replaces your regular paycheck while you are not working.
To make insurance more affordable and protect the insurance company from paying out too much in claims, insurers will pay an insurance premium.
These Insurance premiums are paid to cover for healthcare, automobiles, home, life etc. Insurance companies earn this premium but also represents a liability from which they are able to pay for claims made against insurance policies.
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If a customer buys good or services amounting to R3 000 from a business that uses only traditional cash registers, would a cash slip be appropriate as a source document? What would distinguish this document from a full tax invoice?
Answer:
yes
Explanation:
because source document serve as proof of a transaction having occurred
Carla vista co. received proceeds of 5585020 on a 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of 530000, pay interest annually on December 31, an have a call price of 104. Carla vista uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021
The bond's carrying value was $489,560 when Carla Vista Company received proceeds of $55,85,020 on a 10-year, 8% bond issued on January 1, 2019.
What is amortization?Amortization is the process of repaying a debt in equal installments over a period of time.
A portion of each payment is applied to the loan principal, while the remainder is applied to interest.
Computation of Carrying value of Bond:
According to the information given in the case,
First, the premium amount must be computed. This sum is calculated as follows:
Premium Amount = Face value of Bond – Proceeds received
Premium Amount = $530,000 – $558,5020
Premium Amount = -$505,5020
Now it's time to figure out the annual amortization value, which may be done by doing the following:
Annual amortization = Premium Amount/Time period
Annual amortization = -$505,5020/10
Annual amortization = -$505,502
Then, the carrying value of the bond will be:
Carrying value of bond = face value – unamortized discount
Carrying value of bond = $530,000- (-$505,502×8%)
Carrying value of bond = $489,560
Therefore, the carrying value of the bond is $489,560.
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PLEASE ANSWER FAST
Only certain employers are required to create a safe workplace, give safe tools and equipment to workers, maintain those tools, warn employees of any potential dangers, and create safety training and procedures.
A. True
B. False
18) Sum, Average, and Count are examples of ________.
A. categorical statistics
B. reporting criteria
C. summary calculations
D. summary statistics
Answer:
Summary calculation
Explanation:
The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.Option C is correct
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[tex] \sf{\green{C. \:Summery \: calcilations}}[/tex]
The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.May someone pls help and fast???
Answer:
Its the SAT (Scholastic Aptitude Test)
And for Tamara, she should ask Ben politely to lower his voice
Which of the following is not a goal of the promotion mix?
Strategic positioning is not a goal of the promotion mix. As strategic, position is not involved in the promotional mix. Promotional mix is related to the selling and promotion.
What is promotional mix?Promotional mix is the different combination of the methods of marketing and promotions. It has different features from which a person can promote their business.
Advertising, Public relations or publicity, Sales promotion, Direct marketing and Personal selling are the five elements of the promotional mix.
Thus, it is strategic positioning.
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If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of?
The duration gap is calculated by subtracting the duration of the liabilities from the duration of the activity of the financial entities. Thus, in this case, the net worth of 1.8 percent of its assets.
What do you mean by Duration Gap?Duration Gap refers to the term used by funds, banks, pensions, or many financial institutions to estimate the risk because of changed interest rates.
Also, if we have a negative duration gap means that the market value of equity will increase when interest rates rise.
Thus, in this case, If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of 1.8 percent of its assets.
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differentiate between bad debt and doubtful debt
answer and explanation :
A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.
In stock market investing, there is no guarantee of a financial return.
A. True
B. False
During April , Cavy Company incurred factory overhead as follows : Indirect materials $11,300 Factory supervision labor 4,000 Utilities 460 Depreciation (factory )660 Small tools 330 Equipment rental 790 Journalize the entry to record the factory overhead incurred during AprilIf an amount box does not require an entry, leave it blank
Answer:
Date Account Title Debit CreditApril Factory Overhead $16,720 Indirect materials $10,500 Wages payable $4,000 Utilities payable $ 500 Accumulated Depreciation $ 620 Small tools $ 370 Equipment rental $ 730
PLS HELP!!!
Teachers are probably not the favorite of the people they arrest and imprison, so being able to handle the negativity thrown at them on a daily basis is important.
A. True
B. False
Answer:
False.
Explanation:
I took the career test (answer proof!!)
Question 13:
(screenshot)
your welcome :3
Dont have a good day, have a great day!! ^-^
In title theory states what clause is unique to the mortgage?
Answer:
Since a defeasance clause conveys title upon satisfaction of the loan, these types of clauses are typically only used in title theory states where the bank holds ownership of the home until the mortgage is paid off.
why family members left their family business and start their own business
1. One advantage to mass production is?
Match each term in Column A with its definition in Column B.
(Column A) 1. favorable balance of trade 2. tariff 3. subsidy 4. customs inspection 5. “infant” industry 6. quota 7. foreign-currency controls. (Column B) a limit on the total amount or value of a
product that may be imported
b. limits on the amount of another nation's
money that an importer may buy to
purchase imports
c. an excess of exports over imports
d. an investigation to determine if goods entering the country are legal and if they are
subject to a tariff
e. a tax on imports
f. an industry that is in the early stages of de-
velopment in a country
g. a government payment to support an individual, a firm, or an industry.
Matching of items implies that one is merging or connecting or aligning items that share things or meanings in common together for a significant alignment. Read below about these matching.
What are the correct matching of these items?The correct matching of these items are as given below;
Favorable balance of trade: an excess of exports over importsTariff: a tax on importsSubsidy: a government payment to support an individual, a firm, or an industry.Customs inspection: an investigation to determine if goods entering the country are legal and if they are subject to a tariff“Infant” industry: an industry that is in the early stages of development in a countryQuota: a limit on the total amount or value of a product that may be importedForeign-currency controls: limits on the amount of another nation's money that an importer may buy to purchase imports.Therefore, the above matching is the correct matching of items.
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Please answer quickly will mark BRAINLIST
Answer:
Sorry if I get this wrong, but I believe it is A. Like I said, sorry if I got it wrong
Answer:
I also think its option A.
When several large sellers have some control over the prices, this is called _____.
A. perfect competition
B. a monopoly
C. an oligopoly
D. monopolistic competition
Answer:
C
Explanation:
Oligonpoly
what is the definition of conformance
What is the basic purpose of financial accounting ?
Answer:
The basic purpose of financial accounting is to allow third parties to assess the value of a company ORto prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.Once you have this, you can most likely begin creating your slide presentation.
A. An outline of the material you want to cover in your slide presentation.
B. The date and location of your slide presentation.
C. The best colors and size to use for your fonts.
D. A good collection of images
Answer:
A. An outline of material you want to cover in your slide presentation.
Answer:
A.
Explanation:
When you get an item you want, there is always something you lose (such as
money). What you LOSE is called what?
Answer:
Opportunity Cost
Explanation:
Defined as the loss of potential gain from other alternatives when one alternative is chosen.
How much does it cost to manufacture a normal pair of goggles?
Answer:
For basic, single lenses, it's $113. That means the total will run you on average about $351 for a complete pair of glasses.
Explanation:
The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank on a note due in six months. b. Received $5,080 cash from investors and issued common stock to them. c. Purchased $1,900 in equipment, paying $650 cash and promising the rest on a note due in one year. d. Paid $750 cash for supplies. e. Bought and received $1,150 of supplies on account.
Answer:
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a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
b.
(A) Cash +5,630
(S) Common Stock +5,630
c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
d.
(A) Cash -1,300
(A) Supplies +1,300
e.
(A) Supplies +1,700
(L) Accounts payable +1,700
Explanation:
(A) = Assets
(L) = Liabilities
(S) = Stockholders' Equity
(A) = (L) + (S)
Transaction a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
Transaction b.
(A) Cash +5,630
(S) Common Stock +5,630
Transaction c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
Transaction d.
(A) Cash -1,300
(A) Supplies +1,300
Transaction e.
(A) Supplies +1,700
(L) Accounts payable +1,700
I a carry trade you borrow in low interest rate currencies and invest in high interest rate currencies. Returns are exclusively due to appreciation of the high interest rate currencies. True or false
If you engage in a carry trade and borrow and invest based on the interest rates of currencies, returns are based on the difference in rates so this is FALSE.
What does a Carry trade involve?A carry trade involves borrowing in a currency where the interest rates are low and then investing in a place where the rate is high.
The returns/ profits come from the difference in interest rates because you would be borrowing at a low rate and gaining returns at a high rate.
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