Journalizing the transactions of Bottom Line Consulting, entered into on June 1, is as follows:
Journal Entries:June 1, 2010:
Debit Cash, $20,000
Debit Accounts receivable, $4,500
Debit Supplies, $2,000
Debit Office equipment, $11,500
Credit Owner's Capital, Emily Page $38,000
To record the assets received from Emily Page.Transaction Analysis:Cash, $20,000 Accounts receivable, $4,500 Supplies, $2,000 Office equipment, $11,500 Owner's Capital, Emily Page $38,000
Question Completion:Journalize each transaction.
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As project manager, you have some ideas on how to recover a project that is falling behind schedule. Which action could you immediately take to get the project back on track?
Answer:
Develop a new project plan.
Stop/prevent all scope changes.
Downward adjust the scope of work.
Re-evaluate activities yet to be done.
Develop a new viable/realistic schedule.
Develop a risk management plan.
Re-evaluate resource availability.
Develop new project planning documents.
Explanation:
Answer:
Start with solutions you can authorize
Explanation:
What does this part of the safety manual indicate about the use of ladders?
Ladders can be used only on a limited basis.
Workers must take care to handle ladders correctly.
Workers must wear the proper gear when using ladders.
Ladders can be used only on certain levels of the warehouse.
Answer:
B
Explanation:
I PUT IT ON BABY
When using ladders, employees must be properly outfitted. As a result, choice (C) is the best way to respond.
What is head gear?Any article of clothing worn on the head is referred to as headgear, headwear, or headdress. Examples include hats, helmets, turbans, and many other styles. Headgear is worn for a variety of reasons, such as social customs, ornamentation, protection from the elements, or for religious or cultural reasons.
Helmets are made to prevent injuries to the head and occasionally the neck. They often provide protection from blows and are stiff. In combat, on construction sites, and in many contact sports, helmets are a common sight (most commonly being associated with American football).
They are required by law in the majority of the United States for anyone operating a variety of vehicles, including motorcycles, and occasionally extend to bicycles and skateboards.
Hence, option (C) is accurate.
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Briefly describe nine other driving forces that impact the motor vehicle industry most.
Some of the driving forces of the motor vehicle industry include:
Economic conditions. Consumer taste. Governmental regulations. Technological advances. Labor force skill. Supply chain management. International Competition. Political competition. Environmental risks. Which forces affect the motor vehicle industry?Economic conditions affect sales of motor vehicles as well as consumers changing their taste in the type of vehicles they want.
Government regulations such as those relating to environmental risk can also play a big part and political competition amongst nations can lead to supply chain disruption for motor vehicle manufacturers.
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difference between management and leadership
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:
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:
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:
In the Trial Balance:
a. Total of both debit and credit should be equal.
b. Total of debit side can be greater than credit side.
c. Total of debit side will be less than credit side.
d. Total of debit side and credit can be different.
Correct answers will be mark as brainliest
Don't answer if you don't know
Answer:
Option A
Explanation:
Debit is for increasing expenses and assets Where as credit decreases them.As per Newtons third law every action has a equal and opposite reaction
So every debit have a equal credit in trial balance.Opt A is correct
The AICPA's Statements on Standards for Tax Services (SSTS) allows the tax accountant to lie or be a party to a lie on a tax return
True or False
True
False
Answer:
i think the answer is false
Explanation:They can not lie about a accountant
I am not 100% that this is the answer
If you had to formulate some goals for Cashbuild, what would they be ? (13)
I will focus more on what Cashbuild has achieved all these years and how formulate ways to addressed the obstacles they did face so as to prevent future occurrence.
What is Cashbuild about?This is known to be a South African-based retailer company that is known form making building materials and other products.
They are known to give products at the cheap or lowest price mainly to the public. Due to their nature of work, I will focus more on what Cashbuild has achieved all these years and how formulate ways to addressed the obstacles they did face so as to prevent future occurrence.
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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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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
which of the following is NOT a service provided by a credit counselor?
A. lending the borrower money
B. Helping the borrower create a debt management plan
C. Suggesting educational workshops
D. speaking to creditors
A service not provided by a credit counselor is lending the borrower money.
Who is a credit counselor?Credit Counselors helps one tomanage credit and make better plans for credit in the future.
They will also help you clear or better manage your debt too. The counselor might speak to the creditors on the borrower's behalf.
Hence, a service not provided by a credit counselor is lending the borrower money.
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Answer:
A. Lending the borrower money.
Explanation:
I've done this quiz and can guarantee its correct!!
On December 31, 2021, Sandhill Co. had 1,255,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders’ equity had the amounts listed here.
Common Stock $8,785,000
Additional Paid-in Capital 1,810,000
Retained Earnings 1,180,000
Transactions during 2022 and other information related to stockholders’ equity accounts were as follows.
1. On January 10, issued at $112 per share 130,000 shares of $100 par value, 7% cumulative preferred stock.
2. On February 8, reacquired 18,600 shares of its common stock for $12 per share.
3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31.
4. On June 8, declared a cash dividend of $1.70 per share on the common stock outstanding, payable on July 10, to stockholders of record on July 1.
5. Net income for 2022 was $3,546,000.
Record the journal entries that are required for items 1–5 above. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
The journal entries for the given transactions are recorded as follows:
1) The issue of preferred stock is recorded by debiting the cash account by $14,560,000 and crediting the preferred stock and additional capital by $13,000,000 and 156,000.
2) The repurchase of common stock is recorded by debiting the treasury stock and crediting the cash with the same amount of $223,200.
3) The dividend declared on preferred stock is recorded by debiting the retained earnings and crediting the dividend payable with equal amounts of $910,000 and at the time of making payment of dividends to preferred investors, the dividend payable should be debited and cash should be credited with same amounts of $910,000.
4) The dividend declared on common stock is recorded by debiting the retained earnings and crediting the dividend payable with equal amounts of $2,101,880. The dividends to common investors are recorded by debiting the dividend payable and crediting the cash with equal amounts of 2,101,880.
5) The transfer of net income at year-end is recorded by debiting the net income and crediting the Retained earnings with equal amounts of $3,546,000.
What are the journal entries?Journal entries are used to recognize the transactions of financial nature as and when entered by an entity. It is the primary step in the accounting process.
The journal entries for the provided transactions are as follows:
Date Particulars Debit ($) Credit ($)
Jan 10 Cash Account (130,000 shares X $112 ) 14,560,000
Preferred Stock (130,000 shares X $100) 13,000,000
Additional capital (130,000 shares X $12) 156,000
(To record the issue of preferred stock )
Feb 8 Treasury stock (18,600 shares X $12) 223,200
Cash 223,200
(To record the repurchase of common stock )
May 9 Retained earnings (130,000 X $100 X 7%) 910,000
Dividend payable 910,000
(To record the dividend declared on preferred stock )
Jun 8 Retained earnings(1,255,000-18,600 X $1.70) 2,101,880
Dividend payable 2,101,880
(To record the dividend declared on common stock )
Jun 10 Dividend payable 910,000
Cash 910,000
(To record the payment of preferred dividends)
July 1 Dividend payable 2,101,880
Cash 2,101,880
(To record the payment of common dividends)
Dec 31 Net income 3,546,000
Retained earnings 3,546,000
(To record the transfer of net income at year-end)
Therefore, the journal entries for the provided transactions are recognized as above.
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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
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.
Wheat is an example of this market structure.
A. perfect competition
B. a monopoly
C. an oligopoly
D. monopolistic competition
Answer:
perfect competition
Explanation:
The wheat industry is a very competitive market. It has many sellers and producers.
buying a house is most likely a long-term goal for a person of which of these ages?
Answer:
A - "15 y/o"
or
B - "19 y/o"
(There are two types of this question for just choose which one is on it)
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.
Sally is explaining what a career ladder is to her friend. . How could she BEST explain a career ladder?
A.
It emphasizes that it’s a long, hard climb to succeed in any career.
B.
It compares positions to the rungs of a ladder that can be climbed to reach a goal.
C.
It means that the right tool makes it easier to advance in an academic or career plan.
D.
It reminds people not to settle for jobs that don’t match their interests or goals.
A career ladder can be best explained as a process where the position top the rungs of a ladder that can be climbed to reach someone's career goals.
What is a career ladder?A career ladder can be explained as a progress or promotions that a person makes while gaining skills and experiences in their workplace, which leads to their promotion in the organization.
Hence, option B is the best explanation of a career ladder.
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You have just learned that the United States and China have signed a new trade agreement. This agreement will make it easier for non-Chinese companies to sell electronic components such as those your firm makes in China. Does this new trade agreement reflect a strength, a weakness, an opportunity, or a threat?
Trade agreements bring different strengths for the economy, weaknesses of the implementation of plan; growth opportunities for both the economies; and lastly threats to the local and domestic competitors.
What are trade agreements?
The agreement entered into by two or more economies or organizations to conduct lawful trade activities in a predetermined manner is known as a trade agreement.
Based upon the trade agreements, following are:
Strengths – Development of trade relations; availability of products at cheaper prices. Weaknesses – Irregularities in the agreement leading to the failure of trade activities. Opportunities – Exposure to new market; increased consumer loyalty; trade expansion. Threats – Competition given by domestic manufacturers.Hence, the traits of the trade agreement are aforementioned.
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Y return goods to X. Which document will Y send to X?
A. Credit note
B. Debit note
C. Invoice
D. Receipt
Correct answers will be mark as BRAINLIEST
Answer:
Debit note
Explanation:
Y is returning means the actual owner is XHence X is crediting Y si giving means Y is debiting.So Y needs debit note .Option B
Answer:
B. debit note
Explanation:
On returning the goods, Y provides X with the debit note along with the goods. This is because the money paid by Y should be debited by X.
Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.
a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.
b. College students rush and buy discount furniture to take advantage of an unexpected price drop.
c. College students purchase many more energy drinks during finals week than during the rest of the semester.
d. Students eat out more often as the federal government increases how much grant money it provides students.
a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.
(demand curve)
b. College students rush and buy discount furniture to take advantage of an unexpected price drop.
(Shift of a demand curve)
c. College students purchase many more energy drinks during finals week than during the rest of the semester.
(Demand curve)
d. Students eat out more often as the federal government increases how much grant money it provides students.
(Shift or a demand curve)
2. Explain the four characteristics of the price system.
3. Why is the price system an efficient way to allocate resources?
4. How do prices serve as signals and incentives to producers to enter a
particular market? to leave a certain market?
5. How does the story of Dell Inc. demonstrate the effects of
competitive pricing? in book of economics 174-178 pg.
High-school
Answer:
1-The four characteristics of the price system are that it is neutral, market driven, flexible, and efficient. It is neutral because prices do not favor the producer or the consumer because the they both make choices that determine the equilibrium price.
2-Why is the price system an efficient allocator of economic resources? Prices are neutral, which means they are equally fair to both consumers and producers. They are flexible which means they can adapt to changing economic conditions. Prices are familiar which means that everyone understands how they work.
3-how do prices serve as signals and incentives to producers to leave a particular market? it showed that when a strong competitor offers similar products for lower prices other producers must also lower their prices. Less efficient companies were driven from the market.
4-demonstrates the effects of competitive pricing because it shows how the company strategically lured customers away from rival producers while still making the highest profit.
Explanation:
:)
Discuss the role of industrial relations in an industrial society
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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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
what is the definition of conformance
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 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.
