Answer:
January 1.
Merchandise $65,000 (debit)
Accounts Payable - ALMIS Co. $65,000 (credit)
January 2.
Merchandise $65,000 (debit)
Freight Charges Paid in Advance $650 (debit)
Accounts Payable - AlFA. Co. $65,000 (credit)
Cash $650 (credit)
January 3.
Merchandise $91,000 (debit)
Accounts Payable - fogel Co. $91,000 (credit)
January 4.
Accounts Payable - fogel Co. $7,000 (debit)
Merchandise $7,000 (credit)
January 5.
Accounts Payable - AlFA. Co. $65,000 (credit)
Discount Received $1,300 (credit)
Cash $63,700 (credit)
January 6.
Accounts Payable - fogel Co. $84,000 (credit)
Discount Received $1,600 (credit)
Cash $82,400 (credit)
January 7.
Merchandise $82,900 (debit)
Freight $750 (debit)
Accounts Payable - u I trust Co. $82,900 (credit)
Accounts Payable - Carrier Service Provider $750 (credit)
January 19
Accounts Payable - Carrier Service Provider $750 (debit)
Cash $750 (credit)
January 9
Merchandise $10,000 (debit)
Accounts Payable - Lenn Co. $10,000 (credit)
January 10
Accounts Payable - Lenn Co. $10,000 (credit)
Discount Received $100 (credit)
Cash $9,900 (credit)
January 31
Accounts Payable - u I trust Co. $82,900 (debit)
Cash $82,900 (credit)
Explanation:
When Merchandise is Purchased on Account, Recognize the Assets of Merchandise and Recognize the Liability owing to the Supplier.
When Merchandise is finally paid for, De-recognize the Liability owing to the supplier (less discount applicable) and also De-recognize the Assets of Cash.
Rate of Return, Return on Investment, and ROI all mean the same thing which best describes these terms
Answer:
See the answer below
Explanation:
Rate of return, return on investment, ROI generally refers to the rate at which an investor makes profit or loss on his/her investment relative to the amount invested.
In order words, the terms refers to the percentage gain or loss on a particular amount of investment.
Mathematically, rate of return/return on investment is expressed as:
Profit / Cost of Investment x 100
Profit in this case refers to the gains made after tax has been paid.
The rate of return or Return on investment refers to the percentage gain or loss on a particular amount of investment.
What do you mean by Return on investment?The rate at which an investor makes a profit or loss on his/her investment relative to the amount invested is called as Rate of return, return on investment, ROI.
Mathematically, the rate of return/return on investment is expressed as:
[tex]\rm\,\frac{Profit} {Cost\, of\, Investment}\, \times 100[/tex]
Hence, the Rate of Return, Return on Investment, and ROI all mean the same thing.
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What is the basis or economics
Answer:
Explanation:
At the most basic level, economics attempts to explain how and why we make the purchasing choices we do. Four key economic concepts–scarcity, supply and demand, costs and benefits, and incentives–can help explain many decisions that humans make.Feb 16, 2020
Type your response in the box.
Go through the monthly data on the U.S. economy C. How does the unemployment rate change from the first month to the last? Draw
conclusions about what is going on with the economy from the trend you observe.
Answer:
i observe the workers salaries was increased
Answer:
The answer is “Answers may vary depending on the months in the table. For example, the unemployment rate changed from 5.5 in June 2008 to 6.7 in November 2008. An increase in unemployment rate indicates an ailing economy.” On Plato
Explanation:
What is the main benefit of adding a new product line?
A. It illuminates the need to improve product quality
B. It adds valuable depth to a company‘s product mix
C. It ensures that all the products in the mix can share the same family brand
D. It opens up more growth than most companies can find by staying with one product line
Answer: D.
Explanation:
Because it opens up more growth than most companies can find by staying with one product line.
The correct option is D. The main benefit of adding a new product line it opens up more growth than most companies can find by staying with one product line.
What is product line strategy?A sound product line plan helps managers boost the overall performance of their product line. It draws attention to the entire collection rather than simply individual products. Additionally, the concentration charts a road to stay clear of haphazard choices that could harm the line's performance.
You can increase your target market and client base by extending your product line. Here is where you would want to think about offering several product variations at various price points. By doing this, the possibility of losing clients due to pricing decisions is eliminated.
Thus, D is the right answer. The main advantage of adding a new product line is that it creates opportunities for growth that are greater than those that most businesses can find by sticking with a single product line.
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Which concept do businesses Which professional source provides entrepreneurs with expertise and knowledge about buying an existing business in return for commission?use to earn income?
Answer:
Business brokers
Explanation:
Business brokers are the professional sources that provides entrepreneur with expertise and knowledge about buying an existing business in return for commission.
Although, it is common among entrepreneurs to buy off existing businesses rather than starting afresh, yet they would hire business brokers who are responsible for providing best investment decision to them in return for commission .
6. Describe at least 5 skills or characteristics you could develop while working for someone else
as an employee, and explain how you could try to develop them. (3-8 sentences. 5,0 points)
In this situation there many skills that a person is capable to develop.
Self-confidence
Self-knowledge
Initiative
Competitiveness
Empathy
Self-confidence and Self-knowledge these skills are important for you to take risks and have security, they are great for entrepreneurship, aiming to be a leader and entrepreneur. To do this, get out of your comfort zone and start getting a broader view of how far you can go; mark your goals on paper, circle those you've already achieved, and always determine new ones; run away from very protective people and superiors who do not delegate tasks, limiting their ability; To improve your self-awareness, try to see how people around you see you or look for a subject matter expert, such as a therapist, to improve your personal abilities.
Initiative serves to turn good ideas into practice. It is acting with speed and innovation. To leverage this ability: Offer help in solving difficult and unpredictable situations; If you tend to avoid risks, consider past mistakes as new opportunities for learning. develop activities that are related to the initiative such as delegating tasks, cost-benefit analysis; clarify your priorities to put them into practice.
Competitiveness is to have clear goals, don't settle for reaching the common goal. Worrying about doing a great job, going beyond the goals set by your superiors, having a tendency to innovate and enjoying things you couldn't before. All of these factors refer to sound competitiveness, a step to success. This skill is closely linked to your emotions and personal motivations.
Empathy is the key skill, especially for those who deal directly with customer service and service professionals, as it is up to these professionals to empathetically identify what their customers really need. In fact, empathy develops with practice, first consciously (taking notes of what the other says, listening to doubts and needs) and then converting it into a daily habit.
Which of the following refers to analyzing what customers think of your brand?
Brand audit
Brand equity
Brand positioning
Answer:
Brand survey
Explanation:
Brand survey refers to analyzing and knowing what customers think of a brand . It is also a way to find out the perception of people towards a company's brand through conducting survey.
In brand survey, questions are asked about what customers like or do not like about the company's brand. By so doing, customer's thinking is being analyzed about the brand hence an efficient way of finding out their taste towards a brand.
Furthermore, brand survey enables a company to know the areas where improvement is required on their brand as a result of feedback gotten from such survey.
Answer:
i believe the answwer is Brand Audit
Explanation:
What is the minimum hot-holding temperature requirement for baked potatoes?
O a. 135°F (57°C)
O b. 145°F (63°C)
O c. 155°F (68°C)
O d. 165°F (74°C)
Answer:
135 F
57 degree Celsius or 135 F is the minimum hot holding temperature for baked potatoes.
57 degree Celsius or 135 F is the minimum hot holding temperature for baked potatoes. Thus, option A is correct.
Why does a cooked potato keep its heat longer?The high oven temperature then evaporates moisture, causing the gelatinized starch on the outside of the potato pieces to produce a crispy crust, trapping the heat within. The fat from the baking pan also accumulates in cracks and crevices, strengthening the heat-retaining structure.
To keep your potatoes warm, remove them from the oven and store them in an empty cooler. The potatoes can keep warm for up to 6 hours if the cooler is left open.
The minimum hot holding temperature for baked potatoes is 57 degrees Celsius (135 degrees Fahrenheit). As a result, option A is correct.
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Which characteristics of capitalism provide an opportunity for entrepreneurship and allow both buyers and sellers to feel they made a return on an investment? (Select all that apply.)
a) freedom
b) voluntary exchange and trade
c) profit motivation
d) innovation
e) competition
A product enters the maturity phase of the life cycle, during which cells are strong but growth is slowing. What product management activity is most appropriate?
A. Spinning off the product line
B. Focusing on the other products in the mix
C. Discontinuing sales of the product
D. Trying to improve the products performance
Answer:
The correct answer is D. Trying to improve the product's performance.
Explanation:
Trying to improve the product's performance is the product management activity is most appropriate. Hence, option D is correct.
What is product's performance?The response of a product to outside actions in its working environment is referred to as product performance. A product's performance is realized by the performance of each of its individual parts. Numerous of these definitions imply that product performance is a gauge of its functional qualities.
The most accurate way to gauge it is to average the overall amount of time people spend with your product, divided by the total number of users. This figure is calculated for you by Analytics.
Product performance analytics is the systematic gathering and evaluation of data relevant to the sales process, such as the frequency of product page views by users.
Thus, option D is correct.
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People interact with data and communicate with others on computers in order to carry out many of their job functions. In one paragraph, describe three risks of developing a strategic role for information systems and information communication technology. In a second paragraph, describe three rewards (or benefits) of developing a strategic role for information systems and information communication technology, pointing out ways in which these systems can help businesses grow and be successful.
Answer:
problems: incomplete written, can be seen by everyone and private facts
Benefits: enlist the help of the other, works can be divided among all the members, see the progress of each one
Explanation:
First paragraph on the problems.
When it is written in the computer system, the information can be incomplete written without sufficient analysis, it can also be used out of context and, most importantly, the written things can be seen by everyone and private facts of each authorized person can be found out.
Second paragraph. Benefits.
When you write in an automated system, enlist the help of the other members of the group to improve the ideas. They can place an idea without debugging and improve them together. The works can be divided among all the members and see the progress of each one and collaborate with the problems that it presents.
Third paragraph.
Well managed systems can make work progress much faster, by collaboration between all members of the group. Which improves the performance of the company and reduces the response time to problems that arise.
You heard somebody say, Marketing is just sales and advertising" Discuss the accuracy of this statement
Answer:
Marketing is much more than just sales and advertising.
Explanation:
Marketing is when an individual or a firm develop the interest of a client or an intending customer to the product one sells or services one render. It makes use of research, distribution, sales promotion etc .
Before an individual or a business venture goes into marketing, it must make thorough research on who his potential buyers are, how can he convince them to buy the products.
The distribution channel must also be considered, like getting the goods
directly to the buyers or involving middle men. There is also sales promotion when considering marketing. Sales promotion includes all activities aimed at promoting immediate sales like raffle draws, offering gifs after purchase etc.
The basic aim of marketing is to sell, acquire customers and retain them while employing marketing concepts and mix(using place, price, promotion and product).
Which franchise model legally obligates a franchisee to replicate all aspects of the franchisor’s business?
Answer:
Business format.
Explanation:
In business format franchise model, the franchisee is legally allowed to replicate all aspects of the franchisor's business. The legal agreement between the franchisor and franchisee is for a period of time.
In this type of arrangement, the right to sell the products for a fee, to trademark and also use the trade name is given to the franchisee by the the franchisor in return for a fee or comision. It is the most commonest type of franchise usually preferred by the franchisee.
The Capital structure of a firm includes bonds with a coupon rate of 12% and an effective interest rate of 14%. The corporate tax is 30%. What is the firm’s net cost of debt?
A. 9.8%
B. 8.4%
C. 14%
D. 12%
Match the expenses that will vary according to the output and those that won’t. labor cost,travel allowance ,salary of staff, rent, inventory purchases,lease of premises. Category 1 will vary category 2 will not vary.
Answer:
Category 1. Expenses that will vary according to output- Inventory purchase
Category 2. Expenses that will not vary according to output- labor cost, travel allowance, salary of staff, rent,lease of premises.
Explanation:
Costs or expenses that vary with the level of output is termed variable cost. It means that as the output is being produced, the cost incurred in producing such output changes.
Examples of variable cost are inventory purchases etc.
Cost or expenses that do not vary with the level of output is termed fixed cost. Meaning that irrespective of the output, the cost incurred to produce such output remains fixed.
Example includes rent, salary of staff, lease of premises etc. These costs have been fixed even before production and will remain the same whether or not output increases.
Will vary = labor cost, travel allowance, inventory purchases
Won't vary = rent, lease of premises, salary of staff
Good name for an online pet store?
Answer:
Hi there
I think PetsRus.
Cheers
Jake
P.s. Please mark
Explanation:
What is the smallest portion of stocks called
Answer:
Fractional share
Explanation:
Answer in my own words:
The smallest portion of stocks are called a fractional share. It comprises less than one entire stock share. Meaning the smallest portion of stocks is a fractional share.
Key words:
1: comprises
2: fractional share
Hope this helps.
Which describes the purpose of minimum-balance fees?
O make sure customers keep sufficient funds in their account
collect funds for withdrawals from a competitor's machine
pay for the costs of having bank employees
penalize customers for writing checks for money they don't have
Answer:
make sure customers keep sufficient funds in their account
Explanation:
Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.
HURRY PLEASE! :)
Employers prefer to hire creative, resourceful people. At times, in order to accomplish their goals, some employees may perform actions that some people may consider as being creatively resourceful and others may consider unethical. Discuss creative resourcefulness and ethics, with examples where you think people have been creatively resourceful and ethical and examples where you think the person has crossed the line between ethics and resourcefulness.
Answer:
Please see explanations below
Explanation:
Creative resourcefulness and ethic is when one has the ability to perform task in a dynamic way- usually different from the norm while adhering to internal control and procedures, behaviours and policies of the organization.
Some employees have inmate abilities like being creative while some develop them it inorder to accomplish their goals. They think outside the box and in a faster way. They look for better and other ways of performing a task which are often times in tandem with what employers want.
Where a task is being done manually, an employee might come up with a faster and better way of performing such task like automating it. When such task is automated, the process follows the culture, behaviour, policies guiding automation in such organization, then it is resourceful and ethical.
On the other way round, if such process is automated without taking into consideration what company ethics guides same, then the employee has crossed the line between resourcefulness and ethics of the company.
Creativity is simply known as the ability of one to move beyond traditional ideas, rules, patterns, etc. Resourcefulness is simply known as the ability of an individual to handles issue with skill and promptness.
Creatively resourceful is therefore the ability of one to go beyond the use of ideas, rules, skills, promptness in handling issues and situations that comes our way especially in the workplace.Ethics are known commonly as moral principles. In terms of creativity, it is one than depends on set up conventions and imperatives.
An example where I think people have been creatively resourceful and ethical is the ability of employees to know, gather and use available resources to solve problems and achieve firm goals while following the moral principles/rules of the organization.
An examples where I think when a person has crossed the line between ethics and resourcefulness is the lackadaisical attitude of some employee. They are just dormant and do not contribute anything new to organization growth.
There is a strong linkage between creativity and resourcefulness. Being resourceful entails one to be also creative.
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Which lists some of the nonmonetary factors that are taken into account when
doing cost-benefit analysis?
A). price and profit
B). time and effort
C). reason and emotion
D). action and outcome
2. A builder wants to develop a new shopping center. Which of these types of financial services
companies would most likely give the builder a loan for this purpose?
1 Payday Lender
2 Commercial Bank
3 Credit Card Company
4 Home Insurance Company
Answer:
commercial banks
Explanation:
they give loans
Carla Vista Company owns equipment that cost $74,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an
estimated salvage value of $14,000 and an estimated useful life of 5 years.
Prepare Carla Vista Company's journal entries to record the sale of the equipment in these four independent situations. (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 for the amounts.)
(a) Sold for $40,000 on January 1, 2022
(b) Sold for $40,000 on May 1, 2022
(c) Sold for $23,000 on January 1, 2022.
(d) Sold for $23,000 on October 1, 2022
Answer:
Carla Vista Company
Journal Entries to record sale of the equipment in four independent situations:
(a) Sold for $40,000 on January 1, 2022 :
Book value of equipment = cost minus accumulated depreciation to date:
= $74,000 - 36,000 = $38,000; profit on sale = $2,000
Debit Sale of Equipment $74,000
Credit Equipment $74,000
To close the equipment account.
Debit Accumulated Depreciation $36,000
Credit Sale of Equipment $36,000
To close the accumulated depreciation account.
Debit Cash Account $40,000
Credit Sale of Equipment $40,000
To record the cash proceeds from sale of equipment
Debit Sale of Equipment $2,000
Credit Gain on Sale of Equipment $2,000
To record the gain from the sale of equipment.
(b) Sold for $40,000 on May 1, 2022 :
Book value of equipment = cost minus accumulated depreciation to date:
= $74,000 - 40,000 = $34,000; profit on sale = $6,000
Debit Sale of Equipment $74,000
Credit Equipment $74,000
To close the equipment account.
Debit Accumulated Depreciation $40,000
Credit Sale of Equipment $40,000
To close the accumulated depreciation account.
Debit Cash Account $40,000
Credit Sale of Equipment $40,000
To record the cash proceeds from the sale of equipment
Debit Sale of Equipment $6,000
Credit Gain on Sale of Equipment $6,000
To record the gain from the sale of equipment.
(c) Sold for $23,000 on January 1, 2022:
Book value of equipment = cost minus accumulated depreciation to date:
= $74,000 - 36,000 = $38,000; loss on sale = $15,000
Debit Sale of Equipment $74,000
Credit Equipment $74,000
To close the equipment account.
Debit Accumulated Depreciation $36,000
Credit Sale of Equipment $36,000
To close the accumulated depreciation account.
Debit Cash Account $23,000
Credit Sale of Equipment $23,000
To record the cash proceeds from the sale of equipment
Debit Loss on Sale of Equipment $15,000
Credit Sale of Equipment $15,000
To record the loss from the sale of equipment.
(d) Sold for $23,000 on October 1, 2022:
Book value of equipment = cost minus accumulated depreciation to date:
= $74,000 - 45,000 = $29,000; loss on sale = $6,000
Debit Sale of Equipment $74,000
Credit Equipment $74,000
To close the equipment account.
Debit Accumulated Depreciation $45,000
Credit Sale of Equipment $45,000
To close the accumulated depreciation account.
Debit Cash Account $23,000
Credit Sale of Equipment $23,000
To record the cash proceeds from the sale of equipment
Debit Loss on Sale of Equipment $6,000
Credit Sale of Equipment $6,000
To record the loss from the sale of equipment.
Explanation:
a) Journal entries come handy at the initial recording of business transactions. They show the accounts to be debited and ones to be credited in the general ledger.
b) Depreciation charge for each year = $12,000 ($74,000 - $14,000)/5
c) Accumulated Depreciation as at:
Dec. 31, 2019 = $12,000
Dec. 31, 2020 = $24,000
Dec. 31, 2021 = $36,000
May 1, 2022 = $40,000 (36,000 + (12,000/12 x 4))
Oct. 1, 2022 = $45,000 (36,000 + (12,000/12 x 9))
In general, why do individuals purchase insurance coverage rather than
just putting money aside into a savings account in case of emergency?
Answer:
That insurance can pay off some debt, for example, for you.
Answer:
you dont know if u would have enough for whatever emergency it is
Explanation:
what are factors of production?
Answer:
Factors of production are, land, labor, capital and entrepreneurship.
Explanation:
Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit.
Hope I helped :)
_________________________________
Hey!!!
The factors of production are as follows:
LandLabourCapitalEnterpriseHope it helps...
Good luck on your assignment..
_________________________________
Which type of accounting controls involve getting your business’s financial data examined by an auditing firm? BLANK accounting controls involve an examination of your financial statements by an auditing firm.
Answer:
Detective accounting controls involve an examination of your financials statements by an auditing firm.
Explanation:
Detective controls are used to remove any practices that are against the rules, regulations and procedures of a business. Main purpose of it is to find unfavorable irregularities in the functioning. It compares the data sets and action is taken against any difference. It includes external audit from accounting and auditing firms, and internal audit of assest a business has
When you're attending a college fair, the best way to make use of your time is
to:
A. ask more questions than anyone else.
B. get to the fair first, so that you get to the booths first.
C. fill out as many interest cards as you can.
D. print out self-stick labels to put on interest cards.
get to the fair first, so that you get to the booths first.
Suppose it's correct....
Answer: D. Print out self stick labels to put on interest cards.
Explanation: I just took the quiz on Ap ex
1. 10 mi/h = ft/min convert rate
Answer:
The answer in 880 ft/min.
Explanation:
When converting from miles per hour to feet per minute just use 88((1 mi/h)(n)) to get ft/min.
Your merchant fee is 3%. Your customers paid you 280,000 with cash. What is your total merchant fee?
Answer:
$8400
Explanation:
to find 3% you multiply 280,000 by 0.03
When the risks of the individual components of a project’s cash flows are different, an acceptable procedure to evaluate these cash flows is to:
A. Discount each cash flow using a discount rate that reflects the degree of risk.
B. Utilize the accounting rate of return.
C. Compute the net present value of each cash flow using the firm’s cost of capital.
D. Compare the internal rate of return from each cash flow to its risk.
An organization whose members have a common cause for which they seek to influence public policy is called ar
Answer:
interest groups
Explanation:
