Answer:
Lyon Company
General Journal with adjusting entries for interest expense:
Date Account Titles Debit Credit
Apr. 8 Accounts payable
(Bennett Company) $6,000
6% Note payable (Bennett Company) $6,000
To record the issuance of a 60-day note at 6% interest.
May 15 Cash $40,000
9% Note payable (Lincoln Bank) $40,000
To record the issuance of a 60-day note at nine percent.
Jun. 7 6% Note payable
(Bennett Company) $6,000
Interest expense $60
Cash $6,060
Jul. 6 Inventory $14,000
10% Note payable (Bolton Company) $14,000
To record the purchase of inventory by issuing a 90-day note.
Jul. 14 9% Note payable
(Lincoln Bank) $40,000
Interest expense $600
Cash $40,600
To record the full settlement of the note with interest.
Oct. 2 Cash $30,000
9% Note payable (Lincoln Bank) $30,000
To record the issuance of a 120-day note at 9% interest.
Oct. 4 10% Note payable
(Bolton Company) $14,000
Interest expense $350
Accounts payable (Bolton Company) $14,350
To record the default on payment of the note payable.
Explanation:
a) Data and Analysis:
Apr. 8 Accounts payable (Bennett Company) $6,000 6% Note payable (Bennett Company) $6,000 60-day
May 15 Cash $40,000 9% Note payable (Lincoln Bank) $40,000 a 60-day note at nine percent.
Jun. 7 6% Note payable (Bennett Company) $6,000 Interest expense $60 Cash $6,060
Jul. 6 Inventory $14,000 10% Note payable (Bolton Company) $14,000 a 90-day note
Jul. 14 9% Note payable (Lincoln Bank) $40,000 Interest expense $600 Cash $40,600
Oct. 2 Cash $30,000 9% Note payable (Lincoln Bank) $30,000
a 120-day note
Oct. 4 10% Note payable (Bolton Company) $14,000 Interest expense $350 Accounts payable (Bolton Company) $14,350
Jamal bought a particular brand of golf balls because he knows the same
company makes great shoes. This is an example of a company having
A. competitive advantage
B. good corporate governance
c. successful corporate branding
D. a long-term vision
Answer:
c. successful corporate branding.
Explanation:
A pre-service strategy refers to the process of planning and analyzing activities that enable a business entity to identify and determine its end users or consumers and the uniquely defined services that will be offered to these customers as they enter into the system.
Hence, marketing is central to developing pre-service strategies.
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.
The pre-service strategies includes identifying the following target market, design, branding, market research.
In this scenario, Jamal bought a particular brand of golf balls because he knows the same company makes great shoes. Thus, this is an example of a company having successful corporate branding.
Corporate branding can be defined as an act which typically involves using a company's brand name in all of the advertisement process.
How long does it take to make an impression?
Several minutes
30 seconds
One hour
2 minutes
●How long does it take to make an impression?
→2 minutes
I guess.
may this helps you
bye
The critical elements of internal control systems for cash disbursements include each of the following except: Multiple Choice The same person that prepares the check should also record it in the proper journal. All of these answer choices are critical elements of internal control systems for cash disbursements. All disbursements, other than very small disbursements, should be made by check. Only authorized personnel should sign checks. All expenditures should be authorized before a check is prepared.
Answer:
The critical elements of internal control systems for cash disbursements include each of the following except:
The same person that prepares the check should also record it in the proper journal.
All of these answer choices are critical elements of internal control systems for cash disbursements.
Explanation:
When the person, who signs the check, records it in the journal, there is a violation of the control principle of segregation of duties, which is a principal element of internal control systems. Therefore, all the answer choices are not critical elements of the internal control systems for cash disbursement.
2 x (3a-b) - 3y(b-3a)
Answer:
6ax+9ay−2bx−3by
Explanation:
2x(3a−b)−3y(b−3a)
Distribute:
=(2x)(3a)+(2x)(−b)+9ay+−3by
=6ax+−2bx+9ay+−3by
Jacob was assigned recently to a large team working on a major software release that was taking longer than expected. Jacob and the other latecomers into the project spent a month partnered with a senior programmer who went over the project in detail with them and got them up to speed. Unfortunately, this training put the project even farther behind schedule. After a few months of working on the project with many other programmers, Jacob's work output becomes noticeably lower than it was before when he was working independently. Jacob's reduced work output is most likely due to
Answer:
A) social loafing.
Explanation:
social loafing is the event of a person exerting lower effort to accomplish the goal at the time when they work in a group rather working alone. It would be the important reasons for less productivity as compared with the combined performance that works as an individuals
So according to the given situation, Jacob reduce work output due to social loafing
Social loafing is the psychological phenomenon in which team members do less work in a group context.
How do you handle social loafing?One of the most effective ways to decrease the possibility of social loafing is to form smaller groups or teams. Make it easy to see and support team members' work.
Smaller groups also allow people to create relationships and form a coherent entity, all of which motivate people to contribute.
Thus Option A is the reason for Jacob’s reduced work output.
For more information about social loafing refer to the link:
https://brainly.com/question/25493656?
You have learned about a noncash expense in a previous lesson, what was it? HINT: it relates to the company's use of its equipment
Answer:
Non cash expenses are the charges incurred by a company that educes the earnings and not the cash flows of a company.
Explanation:
A non-cash charge is defined as the accounting expenses or the write down expenses which does not involve a cash payment. The depletion, depreciation, stock-based compensation, amortization and the asset impairments are the common non cash charges which reduces the earnings but not the cash flows.
Non-cash expenses relates to he use of a company's equipment and tools which is used to run the company and which encounters depreciation and a degradation in its value or cost. Thus they are considered as the non cash expenses of a company.
2. What types of things does a hospitality manager do?
3. What courses or information would be helpful for a hospitality manager?
please help
Answer:
2. What is a hospitality manager?
In general, hospitality managers oversee the day to day operations of a hotel or restaurant, which includes managing personnel, ensuring guest satisfaction, and following the appropriate steps to ensure that the facilities are well-maintained. Hospitality managers are also required to oversee the upkeep of financial and administrative records.
3. First, find a good mentor
second Be selective in your hiring
third Focus on leadership, not management
fourth Communicate, communicate, communicate
fifth Listen to your guests
sixth Keep learning
Explanation:
Hope this helps...
Susan is working the night shift and there aren't many people in the store. Her
coworker notices that the cash register has more money than accounted for.
She decides to take the extra money without reporting it. How should Susan
handle this situation ethically?
A. Pretend like she didn't see the money being taken
B. Inform the manager that money was taken from the cash register
C. Tell another coworker what happened and ask him not to tell
D. Ask the coworker to split the extra money with her
Answer: B. Inform the manager that money was taken from the cash register
Explanation:
Ethics simply has to do with knowing what's good and what's bad. Since Susan noticed that her co-worker took the extra money without reporting, the ethical thing to do is to report to the manager.
Pretending not to see what happened, splitting the money with her or telling another co-worker about it but telling the co-worker not to tell anyone are all wrong and not ideal. The co-worker who stole should be reported to the manager.
On January 1, 2018, Dexter, Inc. signs a 10-year noncancelable lease agreement to lease manufacturing equipment from Garr. (a) The agreement requires equal rental payments at the end of each year. (b) The fair value of the equipment on January 1, 2018 is $3,000,000. (c) The equipment has an estimated economic life of 10 years. Dexter depreciates similar equipment on the straight-line method. (d) At the termination of the lease, the title to the equipment will be transferred to the lessee. (e) Garr Co. set the annual rental to insure a 10% rate of return. (f) The yearly rental payment includes $10,000 of executory costs related to taxes on the property. From the lessee's viewpoint, what type of lease exists in this case? Question 13 options: Sales type lease Sales-leaseback Capital lease Operating lease
Answer:
This is a Sales type lease from the lessee's viewpoint.
Explanation:
A sales type lease from the lessee's viewpoint can be described as finance lease in which the title to the asset under lease will be transferred to the lessee at end of the lease.
From the question, it is stated in point (d) that at the termination of the lease, the title to the equipment will be transferred to the lessee.
This therefore indicates that this is a Sales type lease from the lessee's viewpoint.
The accumulated benefit obligation measures Group of answer choices the level cost that will be sufficient, together with interest to provide the total benefits at retirement. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. the pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. the shortest possible period for funding to maximize the tax deduction.
Answer:
the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels
Explanation:
Accumulated benefit obligation (ABO) is the nearest amount that represent the liability pension plan of the company for the time period. It is predicted and depend upon the assumption that the pension plan would be ended on instant basis also it would not considered any increment in the future salary
So according to the options given, it would determined the pension obligation that based upon the plan formula and the same would be applied to service years also it would be depend upon the existing level of salary
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,391.77. What is the total amount of taxes withheld from the Portia's earnings
Answer: $2,033.46
Explanation:
Social security taxes = 8,388 * 6.2% = $520.06
Medicare taxes = 8,388 * 1.45% = $121.63
Federal income tax withheld = $1,391.77
FUTA and SUTA are to be paid by the employer not the employee.
The total amount of taxes withheld from Portia is therefore:
= 520.06 + 121.63 + 1,391.77
= $2,033.46
14 Select the correct answer. Which marketing strategy is the most effective in the modern era? O A relationship marketing B. marketing mix OC. relationship marketing combined with the marketing mix D. considering the short-term Interests of society E. customer service Reset Next
Answer:
the modern era? A. relationship marketing B. marketing mix C. relationship … ... mix. D. considering the short-term interests of society. E. customer service. 2.
Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe what a person who would love working in this field may be like.
Answer:
Working in public sector requires alertness, assertiveness, intelligence, and emotional stability in any individual
Explanation:
Career in public sector services require lot of efforts and determination along with passion for working for the betterment of the society.
A person must love to take up challenges of every day life, must be compassionate towards their fellow country mate, must be intellectual, emotionally intelligent and along with that must have control on their feeling, vocals speeches, or any social media remarks.
What is considered a drawback of a larger school? BRAINLIEST to the right answer
You may get too involved to do your course work well.
Classes may be very large, which can make it difficult to interact with faculty.
It is more expensive than a small school.
It has too many concentrations to choose from
Answer:
"Classes may be very large, which can make it difficult to interact with faculty."
Explanation:
This question really depends on the school itself and the students, but from a business point of view, the fact that your teachers and administration are very hard to reach makes it so you have to fend for yourself in most cases, and in other cases, students are basically free from any punishment or work because of overcrowding.
Answer:
Classes may be very large, which can make it difficult to interact with faculty.
Explanation:
Saw this some after I took the quiz, I figured this answer just from common knowledge.
In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Lurnee has a comparative advantage over South Tyberg in cocoa. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion stems from which of these inaccurate assumptions?
Answer:
We have assumed constant returns to scale
Explanation:
From the principle of comparative advantage which states that a nation should produce the goods where she has a lower opportunity cost than other nations.
From the question, it is inaccurate to assume a constant return to scale i.e an increase in inputs such as labor and capital as a factor of production will to an exact amount of increase in output.
Under the allowance method of accounting for uncollectible accounts, Group of answer choices the cash realizable value of accounts receivable is greater before an account is written off than after it is written off. Bad Debt Expense is debited when a specific account is written off as uncollectible. is debited when a specific account is written off as uncollectible. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off. Allowance for Doubtful Accounts is closed each year to Income Summary.
Answer:
how are the answer choices seperated
The impact of discrimination behaviour to an individual
Answer:
Discrimination affects people's opportunities, their well-being, and their sense of agency. Persistent exposure to discrimination can lead individuals to internalize the prejudice or stigma that is directed against them, manifesting in shame, low self-esteem, fear and stress, as well as poor health.
Explanation:
why were trade unions established
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Answer:
Labor unions were created in order to help the workers with work-related difficulties such as low pay, unsafe or unsanitary working conditions, long hours, and other situations. ... Sometimes the unions organized strikes in order to try to change the conditions of the workers. Early strikes were rarely successful.
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Answer:
they didn't have great work conditions
Explanation:
What are the four main reasons some skills are in higher demand than others
Answer: 1) Because of their demand 2) Wealth can be easily gotten through them 3) Improved solution 4) Tendencies that they would be needed for a long time
Explanation:
Some jobs are of a higher demand than others, the following explains why it is so
1) Demand; the world is changing and there is demand for certain fields today than before, new trends are replacing the existing ones, this now places a higher need for some skills than others.
2) Wealth easily generated; based on the demand for this new set of skills and job, there would be a high buying and selling within this region thereby creating wealth for those involved easily than existing skills
3) Improved solution; these high demand jobs have created better ways to solve problems than the existing method, this makes them have value than other methods applied before
4) Duration; there are tendencies that they would be sustainable for a long period of time, this makes them highly demanded
which known factor affects prices in the financial markets?
current taxes
media speculation
gov’t policy
foreign countries
Answer:
I think it's government policy.
Explanation:
By the time I am answering the person who asked the question has already gotten a score. So could you please say what is the correct answer? thanks.
Sally and Dan, employees at FLT Inc., have applied for a management position at the company. Sally has better qualifications and is more experienced than Dan. However, Dan is selected for the position instead of Sally due to the selection committee's biased attitude toward women. This scenario illustrates the concept of _____. Group of answer choices reverse discrimination sexual harassment racial segregation the glass ceiling the white primary
Answer: the glass ceiling
Explanation:
The Glass Ceiling is a metaphor that is meant to describe the hardships that women face in trying to get into managerial positions due to bias against them born from a belief that they will be unable to handle the pressure.
The term describes how this bias creates a barrier that is not tangible so is invisible but is a barrier nonetheless much like a glass ceiling which one can see through but cannot go through.
The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this product for last year appear below: Sales $ 942,000 Variable expenses $ 415,000 Fixed manufacturing expenses $ 356,000 Fixed selling and administrative expenses $ 263,000 All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $217,000 of the fixed manufacturing expenses and $128,000 of the fixed selling and administrative expenses are avoidable if product D74F is discontinued. What would be the financial advantage (disadvantage) from dropping product D74F
Answer:
Financial disadvantage from dropping = $(182,000)
Explanation:
A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.
In a shut down decision , the following relevant cash flows should be considered:
1. Lost contribution from the product to be shut down
2. Savings in fixed directly attributable to the product under consideration.
So, we will apply these principles as follows:
Lost contribution from the product to be shut down:
(942,000-415,000) (527,000)
Savings from fixed direct fixed cost:
(217,000+128,000) 345,000
Net loss contribution (182,000)
Financial disadvantage from dropping = $(182,000)
Which are affected by the factors of production? Choose three answers.
the demand of the item
the availability of the item
the cost of the item
the quality of the item
the popularity of the item
Answer:
A.)- the demand of the item
C.)- the cost of the item (some factors are more expensive and rare than other)
D.)- the quality of the item
Explanation:
Answer:
A. the demand of the item
C. the cost of the item
D. the quality of the item
Explanation:
In the registration statement filed with the SEC, DrugsUSA stated that it had three different medicines approved by the Food and Drug Administration (FDA). In reality, DrugsUSA had filed applications for approval with the FDA that were still pending. The SEC approved the sale of DrugsUSA stock, and Marilyn purchased $100,000 worth of stock. Two months later, all three of DrugsUSA's applications were denied by the FDA. The stock price plummeted, reducing the value of Marilyn's shares to a total of $2,000. What, if anything, can Marilyn recover
Answer:
In the given case, the default is done by the FDA and not the producing company, hence, the company in loss is eligible for the loss they have occurred. As per the laws in United states, any entity losing any profits or incurring any loss due to actions of some government entity will be eligible to that extent of loss or reduce in value. Therefore, Marilyn is eligible to recover the loss in value, that is $98000, from food and drug administration.
Carl's monthly take-home pay is $2,000 and his monthly rent is $500 if both his monthly take-home pay in his rent increase $100 what percentage of Carl's take-h...
Answer: 28.6%
Explanation:
Which of the following is SIQ most likely to
stand for?
A. Station Identification Questionnaire
B. Standard Item Questionnaire
C. Software Inventory Questionnaire
D. System Identification Questionnaire
E. Station Inventory Questionnaire
Both a questionnaire and an inventory are examples of surveys. Simple to-answer questions are included in the questionnaire. These inquiries are made in an effort to obtain information, and they frequently concern particular topics.
Thus, Option E is correct.
What is the questionnaire data collection method?A questionnaire's objective is to gather data from respondents regarding their attitudes, experiences, and opinions. Questionnaires are frequently utilized in social and health sciences and market research. In order to increase customer satisfaction and profitability, our inventory assessments evaluate strategies, inventory management systems, processes, and procedures for developing new goods and managing inventory.
A questionnaire's objective is to collect information from a target audience. It will contain closed-ended and open-ended questions or a mix of the two.
For more information about the questionnaire refer to the link:
https://brainly.com/question/27972710
#SPJ2
Which of the following best describes a push strategy? Group of answer choices Manufacturer builds strong consumer demand for a product to force members to automatically promote the manufacturer’s product because it is in their obvious self-interest to do so. Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support. Manufacturers use the push strategy to secure distributor cooperation by "pushing" their products through the channel. Manufacturers’ push strategies can be effective, however, they are limited in their ability to secure strong distributor support. Unlike the pull strategy, the push strategy requires indirect involvement from the distributor.
Answer: Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.
Explanation:
In a push strategy the manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.
In a push strategy, the firm takes it's products to the consumer. The aim of this is for the product to gain much exposure than it already has and attract more sales. Other sales channels are bypassed in the scenario, leaving just the producer and the customer. Advertisment is one of the greatest promotional tool for push strategy.
2. How does inflation affect the economy?
The obvious consequence of high inflation is that it makes it more difficult for people to afford basic necessities like batteries and light bulbs. This causes families to struggle as they attempt to keep up with the price of everything from cornflakes to college tuition. With many negative effects resulting from high inflation, that doesn't automatically mean that low inflation is positive for an economy. Low inflation can have a number of negative effects on the economy.Signals economic weakness, limits impact of monetary policy, buffer for deflation is small, Puts pressure on the financial system are the affect of inflation.
When prices for energy, food, commodities, and other goods and services rise, the entire economy is affected. Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate, and government bond yields, and every other facet of the economy.
Why did President Trump feel that more aggressive trade policies with China were necessary?
Answer:
President Donald Trump is leading one of the most radical changes in America’s stance toward China in decades.Where past presidents engaged Beijing in good faith on issues like improving its human rights record or its conduct in cyberspace, Trump has preferred to treat the country as a strategic competitor that requires a more aggressive response by the United States.
The US has a lot to be angry about. Among other indiscretions, Beijing has stolen US technological and personnel secrets for its own advantage, antagonized US allies in the South China Sea, killed or imprisoned more than a dozen American informants, and taken millions of US jobs over the past 15 years.
But instead of working to fix at least some elements of strained US-China relations while putting up with the bulk of China’s misbehavior, Trump has chosen to completely reshape the relationship and go after Beijing on all of it.
“This administration is not really focused on just a couple of things,” says Bonnie Glaser, a China expert at the Center for Strategic and International Studies think tank in Washington, “it’s really focused on everything.”
Explanation:
Hope it helps
The nature of a company and its goals and products are defined by
O A. its vision, mission, and values statements
B. its annual report to stockholders
C. its brand image
D. its strategic and historical plan
Answer:
The Awnser is A
Explanation:
A companies goals and products are defined by its vision, mission, and values statements. Goals are achieved by having a organized plan (vision).
