The appropriate debit and credit would be:
Debit: Insurance Expense 18,600
Credit: Cash 18,600
This journal entry is used to record the payment of insurance for the next year. The debit to insurance expense is used to record the cost of the insurance that is being purchased. The credit to cash is used to record the payment of cash for the insurance.
The debit and credit both total $18,600, which is the amount paid for the insurance. Insurance is an important cost of doing business and should be accounted for accurately. This entry ensures that the cost of the insurance is properly recorded in the company’s financial statements.
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what is office proceducer and accouting
The administrative department handles management activities that affect the entire organization. The accounting department keeps the financial records of the business and prepares reports that help the business to make financial decisions.
Hope it helps...Honesty is an example of a value.
True
False
Answer:
True
Explanation:
Honesty is a value
:)
Answer: true, personally not sure if this is for edge or not
Explanation:
yeah
Mrs. King wants to start an airline business and needs to raise millions of dollars to get the business started.
Your answer:
a. LLC
b. C-corporation
c. S-corporation
d. Sole Proprietorship
3.
Kriti provided the following information.
$
13 400 debit
120 credit
21 600
At 1 January 2014
Trade receivables balances
Inventory
For the year ended
31 December 2014
Cash sales
Credit sales
Bad debts written off
Receipts from credit customers
Discount allowed to credit customers
Contra with supplier's account
Cheque refund to a credit customer
44 400
165 600
2 800
155 010
4 560
1 300
90
At 1 January 2015 Trade receivables balances
7 debit
200 credit
28 800
Inventory
Mark up on goods sold 50%.
REQUIRED
(a) Calculate Kriti's purchases for the year.
***
Answer:
2,000,000
Explanation:
In which of the following ways is the U.S. free-market system distinct from the European economies?
a. Currency used
b. Language spoken
c. Size of the market
d. Level of government involvement
The U.S. free-market system is distinct from the European economies in the level of government involvement. The correct option is d. Level of government involvement.
Explanation: Free-market systems in the United States and Europe are distinct from one another in terms of the degree of government involvement in the economy.
The United States has a more laissez-faire capitalist system than many European nations, with fewer restrictions on businesses and less government control over the economy.
By contrast, European countries have tended to have more regulation and more social safety nets in place to protect citizens from economic hardship.
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To ensure that work gets done, Jonah engages in initiating structure by assigning tasks to members of his department, creating schedules, reminding his staff to adhere to the organizational rules, and ______.
Fifty percent of the market is in the hands of Company A, 30 percent is in the hands of Company B, 15 percent is in the hands of Company C, and the remaining 5 percent is in the hands of Company D. Based on these hypothetical numbers, Company D is most likely the market ________.
Based on these hypothetical numbers, Company D is most likely the market Nicher.
When determining one's product or brand position, a company needs to identify its position in comparison to its competitor's brands/products. Whether it is a leader, challenger, follower, or nicher to adopt appropriate strategies to compete in the market.
A company is considered a leader if it has the largest market share. As per the given information, it is Company A who is the leader.
Challengers are those who have a medium share but can challenge the leader. In this case, it is Company B.
Company C is a follower in the given question, as it is not in any offensive position against the leader.
Nicher is those who have a small market size. Hence, Company D is a nicher due to the small market share of only 5%.
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Conduct a SWOT analysis for IBM’s ""Let’s Put Smart To Work"" initiative. What are the relevant trends to consider?
Such relevant trends to consider are as follows:
StrengthWeaknessOpportunitiesThreatsStrength - IBM would be strongly responsible for collecting and analyzing information to enhance a firm, organization, city.Weakness - There are no links between the other technologies that are weak throughout the IBM Intelligent Planet program.Opportunities - Throughout the economies such as China, India, as well as Africa, IBM attempts to take over.Threats - IBM will face the change from natural resource companies to more customized companies.Learn more about SWOT analysis here:
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SWOT analysis helps organization to identify their strengths and grow their business by availing the opportunities.
IBM is International Business Machine which is an American technology organization having head quarter in New York.
The SWOT analysis is give below :
Strength : The company have expertise in designing intelligent computers which enable the users to run different business applications.
Weakness : The company has not worked for compatibility and they have not designed laptops which are more easy to carry and handle than the desktop computers.
Opportunity : By using economies of scale technique the company can grow its business to different parts of the world and can gain from International market.
Threats : There can be cyber crime or hacking of intelligence programs which are designed at IBM. There is need for strict cyber controls in the organization.
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Distinguish between the sources of information about foreign employment and the ways of getting it.
Working for a company in another country is referred to as foreign employment, and you usually only work in one country. This wouldn't be your native country .
While the terms "foreign employment" and "international workforce" (people of a different nationality) are sometimes used interchangeably, the term really refers to a multinational corporation expanding outside of its home country and recruiting there.
Employers prefer foreign employment because they cannot find qualified local employees, necessitating the hiring of foreigners to do the job.
The following are some methods for obtaining information about foreign employment:
Newspapers, notice boards, electronic media (radio, FM, television, etc.), websites, and public programs
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What source of funding (non-current) is WES primarily using to finance its operations? What are the advantages and disadvantages of this source of financing?
Based on the information provided, it is not clear what specific organization or company "WES" refers to. To provide an accurate answer regarding their primary source of funding and its advantages and disadvantages.
Funding refers to the provision of financial resources or capital to support a project, initiative, organization, or individual. It involves acquiring the necessary funds to cover expenses, invest in growth, or fulfill financial obligations. Funding can come from various sources, such as government grants, loans, investments, donations, or personal savings. It is crucial for businesses, non-profit organizations, governments, and individuals to secure funding to meet their financial needs, pursue opportunities, and achieve their goals. Effective funding management is essential to ensure the availability of adequate resources and to support sustainable operations and growth.
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Match the academic requirements with the careers.
-training -Ph.D. -bachelor’s degree
-anthropologist
-telecommunications technician
-network administrator
The academic requirements as well as the training required has been grouped below:
anthropologist: Ph.Dtelecommunications technician: trainingnetwork administrator: bachelor’s degreeWhat is a work requirement?This is the term that has to do with the job requirement that is needed for specific disciplines. That is the amount of training and the level of training that is required to be experts in the careers that have been chosen by the specialists.
Hence we can say that The academic requirements as well as the training required has been grouped below:
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Which of the following is an advantage of starting your own business?
Answer:
The most common reason people launch their own business is to be their own boss. Other benefits include flexibility, financial rewards, the opportunity to innovate, and a chance to impact your community. Still, there are serious risks to launching your own business, and you should carefully consider and plan before you take the leap.
Explanation:
How does accenture help companies harness the power of data to achieve optimal business outcomes?.
The things that are implemented by Accenture to ensure the reliability of their data are data governance and management policies.
What is data governance?Data governance simply means the collection of tools, processes, standards, policies, etc. which ensure the efficient and effective use of information in an organization.
Data governance and management policies are used by the company for the efficient use of information. Also, the use is strong authentication in order to access sensitive data is needed to ensure privacy.
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What are some ways you deal with stress at school or at home? How could you use those techniques in the workplace? PLZZZZZ!!!!
Some ways to deal with stress at school or at home is as follows:
1. Stop when you need to.
2. After finishing, treat yourself.
3. When you have free time, spend it with your loved ones.
4. Sleep for eight hours each night.
5. Never miss a meal and never skip breakfast.
6. Reflection
7. If you have a desk job, stand up and stretch your legs.
How to reduce stress at work?The APA poll revealed that individuals who often experience tension or stress at work are more than three times as likely to indicate they plan to look for employment elsewhere in the upcoming year (71% vs. 20%) than employees who don't experience such stress.
Employees who have some degree of autonomy over their work schedules tend to be happier than those who are subject to stricter work-hour regulations. Most employees value having flexible work hours because it allows them to escape traffic, exercise in the morning, or walk their pets before dusk. Allow staff to work from home if the job can be done remotely, or use a hybrid approach if it can.
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Scott Company sells merchandise with a one-year warranty. Sales consisted of 2,500 units in Year 1 and 2,000 units in Year 2. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in Year 1 and 70% in Year 2 for the Year 1 sales. Similarly, 30% of repairs will be made in Year 2 and 70% in Year 3 for the Year 2 sales. In the Year 3 income statement, how much of the warranty expense shown will be due to Year 1 sales?
Answer:
$0
Explanation:
Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:
Dr Warranty expense 25,000
Cr Warranty liability 25,000
During year 2, they will record the warranty expense for that year:
Dr Warranty expense 20,000
Cr Warranty liability 20,000
That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.
Isaiah has the opportunity to participate in a work-study program at college. If he participates, how might this benefit him?
He can earn college credit for each hour that he works.
He will get the chance to meet with experts who work in his chosen career field.
He will have the ability to study while at his job on campus.
He will work a part-time job on campus to help pay for his tuition.
Answer :He can earn college credit for each hour that he works.
Explanation:
It would help him because he wouldn't have to pay for the credits
The storage area is where the merchandise is presented to the customer. True or false
Which of the following statements is true of market-oriented firms? Question 25 options: They focus on their internal capabilities rather than on the desires and needs of the customers. They believe that people will buy more goods and services if aggressive sales techniques are used and that high sales result in high profits. They assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product. They claim that people must give up something in order to receive something else they would rather have.
Answer:
They assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product.
Explanation:
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 true statement about market-oriented firms is that they assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product.
This ultimately implies that, a market-oriented firm is more focused on identification and understanding the needs of the customers, opportunities that abound in the industry or market and thus putting the customers first.
g If the beginning work in process includes 200 units that are 20% complete with respect to conversion and 30% complete with respect to materials. Ending work in process includes 100 units that are 40% complete with respect to conversion and 50% complete with respect to materials. If 1,000 units were started during the period, what are the equivalent units of productions for the period (using the weighted-average method) for conversion
Answer:
1,140 units
Explanation:
Note : The question requires us to use the weighted-average method. This method focuses on equivalent units of completed units and units still in process only.
Step 1 : Determine units completed and transferred
Units Completed = Beginning units + Units Started - Ending units
= 200 + 1,000 - 100
= 1,100 units
Step 2 : Calculate equivalent units of production with respect to conversion costs
Completed and transferred (1,100 x 100%) 1,100
Ending units (100 x 40%) 40
Total equivalent units of conversion costs 1,140
thus,
the equivalent units of productions for the period (using the weighted-average method) for conversion is 1,140 units.
Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Based on historical figures, how much would you gain or lose by putting your money in a savings account compared to investing in the stock market?
A:You will lose $3.3 to 4 million by putting your money in a savings account compared to investing in the stock market.
B:You will gain $3.3 to 4 million by putting your money in a savings account compared to investing in the stock market.
C:You will lose $4.4 to 5 million by putting your money in a savings account compared to investing in the stock market.
D: You will gain $4.4 to 5 million by putting your money in a savings account compared to investing in the stock market.
You will gain $4.4 to 5 million by putting your money in a savings account compared to investing in the stock market. So, the correct answer is option D.
Due to their security, dependability, and liquidity, savings accounts are a wonderful place to keep money set aside for a future need. Your emergency fund and savings for short-term objectives, such as a trip or house maintenance, can be kept in these accounts.
In addition to having immediate access to your money when you need it, savings accounts frequently provide better interest rates than checking accounts. Even some savings accounts that offer an APY greater than money market accounts may be found. While high-yield savings accounts typically pay approximately 0.6 percent annual percentage yield (APY), the average APY on savings accounts is only 0.06 percent.
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Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
Economic models are useful only because they accurately represent the real world. true or false?
False. Economic models are not solely valuable because they accurately represent the real world.
Economic models are valuable tools for studying and predicting economic behavior, but they are simplifications of reality. They make assumptions and incorporate key variables to represent specific aspects of the economy.
While models strive to capture important relationships and patterns, they are not expected to perfectly mirror the complexities of the real world. These models provide a way to analyze and simulate different scenarios, test hypotheses, and understand cause-and-effect relationships.
They offer a structured framework for thinking about economic issues and making informed decisions. Despite their simplifications, economic models contribute to our understanding of the economy, guide policy formulation, and support evidence-based decision-making.
However, it's important to recognize that their accuracy is limited, and real-world factors and complexities can deviate from model predictions. Hence, economic models serve as simplified representations of reality that help economists and policymakers gain insights into how the economy functions.
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What are 3 characteristics of a command economy?
The 3 characteristics of a command economy are Centralized decision-making, State ownership of production, and Limited economic freedom.
What is a command economy?A command economy usually referred to as a planned economy, is a form of capitalism in which all economic decisions are made by the government.In a command economy, the government controls the distribution of resources and owns the market of production.A command economy aims to increase social and economic equality.Prices are not determined by market forces but by the government.A free market economy, where supply and demand are determined by each party, is the principal alternative to a command economy.A free market system exists in capitalist nations, whereas the command economy is a feature of a communist political structure.To learn more about command economy from the given link
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what condition If no time for performance is stated in the contract, a reasonable time is implied?.
The condition that applies when no time for performance is stated in a contract is that a reasonable time is implied. This means that both parties are expected to complete their obligations within a timeframe that is considered reasonable based on the nature of the contract, the industry standards, and other relevant factors.
If no time for performance is stated in a contract, a reasonable time is generally implied. This means that the parties to the contract are expected to perform their obligations within a reasonable timeframe, based on the nature of the contract and the circumstances surrounding it.
The determination of what constitutes a "reasonable time" can be influenced by a variety of factors, such as the type of contract, industry practices, and the expectations of the parties. For example, if the contract is for the sale of perishable goods, a reasonable time for performance would likely be much shorter than for the sale of non-perishable goods.
If there is uncertainty or disagreement about what constitutes a reasonable time for performance, it may be necessary to consult applicable laws or seek legal advice to resolve the matter. In some cases, the parties may also need to renegotiate the terms of the contract to clarify the timeframe for performance and avoid any potential disputes.
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compare and contrast reference theory of meaning and idea theory of meaning
Explanation:
Reference theory of meaning is a philosophical thought that believes the meaning of a word or acronym is doing in what it points out in the world. But the idea theory of meaning feels the meaning of a word or acronym lies in the group it represents.
For example, the meaning of the term would be seen as relating to illnesses and viruses as well as number of years from the point of view of idea theory of meaning. While the reference theory of meaning would allude the meaning using proper reference to the illness (Coronavirus) that caused the disease.
Why is Netflix's stocks going down?
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
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Which of the following is a characteristic of a checking account?
1 Minimum money amount required to invest
2 Easy access to funds through a debit card
3 Fee charged if money is removed early
4 High rate of return on deposits
The characteristic of a checking account from the given options is: Easy access to funds through a debit card.
What features do checking savings accounts have?With a checking account, you can pay your bills, move funds to savings, get cash from ATMs, and use your debit card to make purchases. A crucial aspect of your personal money management is your bank account.
Which of the following describes a checking account's characteristics?Checking accounts offer simple methods for making deposits and withdrawals. In order to ensure that client and bank data always match, checking accounts are processed instantly. Checking accounts have fewer checks available but have greater interest rates. Checking accounts offer simple methods for making deposits and withdrawals.
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Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid ________________ every __________
Answer:
Explanation:
According to the bank statement for John Jones that can be found online. John was paid by direct deposit every 14 days (two weeks). Every two weeks John receives a total of $694.81 directly to his bank account and described as "Payroll Deposit - Hotel" which is most likely his job. Direct deposit is a feature that almost every employer has to automatically send an employee's earned income directly to their bank account at the same time every couple of weeks, sometimes twice a month and other times once a month.