G Brown has the following items in her balance sheet as on 30 April 2018: Capital GH₵18,400; Creditors GH₵2,100; Fixtures GH₵2,800; Car GH₵3,900; Stock of goods GH₵4,550; Debtors GH₵2,780; ;Cash at bank GH₵6,250; Cash in hand GH₵220.
During the first week of May 2018
(a) She bought extra stock for goods GH₵400 on credit.
(b) One of the debtors paid her GH₵920 by cheque.
(c) She bought a computer by cheque GH₵850.

Answers

Answer 1

The final answers are:

1. G. Brown's stock was increased to GH₵4,950 after the first transaction.

2. The amount of debtors was reduced to GH₵1,860 after the second transaction.

3. GH₵5,400 is the remaining amount of cash at bank after the third transaction.

G. Brown's total net assets remain the same.

G. Brown is a sole trader with a balance sheet as of April 30, 2018, with GH₵18,400 capital, GH₵2,100 creditors, GH₵2,800 fixtures, GH₵3,900 cars, GH₵4,550 goods stocks, GH₵2,780 debtors, GH₵6,250 cash at the bank, and GH₵220 cash in hand.

During the first week of May 2018, G. Brown made the following transactions:

(a) Purchased stock on credit for GH₵400.

(b) A debtor has paid GH₵920 by cheque.

(c) A computer was bought for GH₵850 by cheque.

1. G. Brown's stock was increased to GH₵4,950 (GH₵4,550 + GH₵400) after the first transaction.

2. The amount of debtors was reduced to GH₵1,860 (GH₵2,780 - GH₵920) after the second transaction.

3. GH₵5,400 (GH₵6,250 - GH₵850) is the remaining amount of cash at bank after the third transaction.

Based on G. Brown's balance sheet on April 30, 2018, it is evident that her net assets equal GH₵38,400 (GH₵18,400 capital + GH₵2,800 fixtures + GH₵3,900 cars + GH₵4,550 stocks + GH₵2,780 debtors + GH₵6,250 cash at bank + GH₵220 cash in hand - GH₵2,100 creditors).

As for the changes made during the first week of May, they do not affect G. Brown's net assets. While GH₵400 worth of goods were added to her inventory, the GH₵920 payment from a debtor decreased the amount of debtors, and the GH₵850 payment for a new computer decreased the amount of cash at bank.

The new balance sheet would show GH₵4,950 for stock, GH₵1,860 for debtors, and GH₵5,400 for cash at bank.

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Related Questions

why personnel management is important to an office?Explain in details.​

Answers

Answer: See explanation

Explanation:

Personnel management can be defined as the the effective management of the employees in an organisation. The importance of personnel management to an office include:

• Personnel management helps in bringing the gap that exist between the performance of the employees and the objectives of the organisation.

• An efficient personnel management is important as it gives a company and edge over its rivals.

• A good and effective personnel management helps in the creation and the maintenance of a working environment that's harmonious.

4. What are some of the things that could happen on the job that would cause me to resign?

Answers

Answer:

Some of the things that could happen on the job that would cause you to resign are:

A toxic work environment. If you are constantly feeling stressed, anxious, or unhappy at work, it may be time to resign. A toxic work environment can have a negative impact on your physical and mental health, and it can make it difficult to be productive.A lack of opportunities for growth. If you feel like you are not learning or growing in your current role, you may be ready to move on. A lack of opportunities for growth can lead to boredom, frustration, and a feeling of stagnation.Unrealistic expectations. If your employer is constantly setting unrealistic expectations, it can be very difficult to meet them. This can lead to stress, anxiety, and burnout.A lack of support from your manager. If you feel like your manager is not supportive of you or your work, it can be very difficult to be successful in your role. A lack of support can make it difficult to ask for help when you need it, and it can make you feel like you are not valued.A change in the company culture. If the company culture changes in a way that you do not agree with, it may be time to resign. A change in company culture can make it difficult to fit in, and it can make you feel like you are no longer a good fit for the company.A personal reason. Sometimes, you may need to resign from your job for a personal reason, such as a family emergency or a health issue. If you are facing a personal crisis, it is important to put your own needs first.

The formula for applying overhead to a specific job is ______.

Answers

Predetermined overhead rate x amount of allocation base incurred by job

The formula for applying overhead to a specific job is predetermined overhead rate × amount of allocation base incurred by job. Thus, option (d) is correct.

The estimated manufacturing overhead is divided by the estimated allocation base to arrive at the predetermined overhead rate. The work's overhead can be calculated once the specified overhead rate is established by multiplying it by the amount of allocation base incurred by the job.

Another formula for applied overhead involves dividing the number of hours worked or pieces of equipment used by the overhead allocation rate.

Therefore, option (d) is correct.

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Your question is incomplete, but most probably the full question was.

The formula for applying overhead to a specific job is ______.

Estimated manufacturing overhead ÷ amount of allocation base incurred by job

Estimated manufacturing overhead ÷ estimated allocation base

Estimated manufacturing overhead × amount of allocation base incurred by job

Predetermined overhead rate × amount of allocation base incurred by job.

corporate member registers their full allotment of tickets and 127 nonmembers register? If required, round your answers to two decimal places. Breakeven appears in the interval of to registered nonmembers. (c) Consider three scenarios: round your answers to two decimal places. For subtractive or negative numbers use a minus sign. The highest profit is $ The lowest profit is $

Answers

Breakeven occurs between a certain range of registered nonmembers. In this case, the exact range is not provided.

The highest profit is yet to be determined, as it depends on various factors such as ticket prices and costs. Without more specific information, it is not possible to calculate the exact highest profit.  The lowest profit, again, cannot be determined without additional information on ticket prices and costs. It is important to consider that in some scenarios, the lowest profit may even be negative, indicating a loss rather than a profit.

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diy, a retail hardware store, must use reasonable care on its premises to warn its invitees of a. hidden dangers. b. dangers about which the business does not, or should not, know. c. all possible dange

Answers

DIY, a retail hardware store, must install sufficient safety measures on its site and warn customers of any potential dangers.

Is it retail or a hardware store?

businesses that focus on the retail sale of a range of basic hardware products, such as cutlery, paint, glass, tools, builders' hardware, and housewares and domestic appliances.

What five different kinds of hardware are there?

The following are the top five hardware components found in computers: instruments for communication, processing, storage, and output.

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3 Prepare an income statement for Jones Co. for the year ending December 31, 2018, using the following data.
Cash 8,000
Miscellaneous Expense 100
Wages Expense 150
Rent Expense 200
Fees Earned 11,000
Office Expense 200
Accounts Payable 3,000

Answers

The net income for Jones Co in 2018 equals $18,350.

What is income statement?

The financial statement shows a company's revenues, expenses and profitability over a period of time. Its computes the revenue from selling products or services and expenses to generate the revenue and manage your business.

The income statement for the year ending December 31, 2018 is prepared as follows:

                     Income Statement

Revenue

Cash                                              8,000

Fees Earned                                 11,000

                                                      19,000

Expenses

Miscellaneous Expense   100

Wages Expense                150

Rent Expense                    200

Office Expense                  200     650

Net Income                                    $18,350

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What are financial markets that are physical locations or electronic forums where debt and equity securities are traded called?.

Answers

Answer:

Stock market.

Explanation:

Answer:

Secondary Markets

Explanation:

The secondary market, also called the aftermarket and follow on public offering, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

How do I connect to Comcast customer service?

Answers

To connect to Comcast customer service, you can call their toll-free number,with a representative online, or visit a Comcast customer service center.

You can find the customer service number on your bill or on the Comcast website. You can also contact with a representative online by visiting the website and clicking on the button. If you would prefer to visit a service center in person, you can find the nearest one by using the "Store Locator" tool on the website.

Additionally, you can also use their mobile application and connect with the customer service through the app, you can also schedule appointments, pay your bill and check the service status.

It's important to have your account information handy when you contact customer service, such as your account number and telephone number. Also, make sure you have your bill on hand so that you can easily reference it

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for manufacturers, both purchase frequency and purchase quantity are likely to be high for _____.

Answers

Raw materials or components are used in the production process, as manufacturers require a steady and large supply to meet production demands.

For manufacturers, both purchase frequency and purchase quantity are likely to be high for raw materials. Raw materials are unprocessed materials that are extracted directly from the natural environment. They are then used in the production of other goods, such as cars, clothes, and processed foods. Raw materials are therefore essential to the manufacturing industry as they are used to make finished goods. Since manufacturers require a large number of raw materials for the production process, they are more likely to purchase them in large quantities and with high frequency. An example of raw material is iron ore, which is mined from the earth and then processed into steel for use in the production of cars, buildings, and other products. Another example is cotton, which is grown and harvested before it is spun into thread and woven into fabrics for use in clothing and other textiles.

In conclusion, manufacturers need to purchase raw materials in high quantities and with high frequency to ensure that they can continue their production processes.

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Further explain the concept of personal finance. (3-4 sentences)

Answers

Answer:

Personal finance is the area of study that covers a person's financial activity and how that affects their future. It can be thought of as a component in personal responsibility to understand one's strengths, weaknesses, value to society at large, what it means for someone to succeed or fail financially.

The goal is not necessarily money-related success. Instead, it is about creating an appropriate standard of living and ensuring the individual meets his or her desires most effectively while minimizing risk and without sacrificing freedom. Two keywords are investments (generating positive cash flow) and protection (insurance).

Explanation:

Chevron's 52,000 employees work for thirteen major operating companies in 180 countries. Each national unit does business according to the needs of its market. Effective management of human resources in such a complex environment is an enormous task, and the key to success is reliable, accurate management information. Thus, Chevron developed an online human resources information system, which is a critical tool in managing its human resources. As expected, one of the broad goals of the human resources information system is to help management a. prepare specific job or position descriptions. b. develop a replacement chart. c. utilize human resources efficiently to meet organizational goals. d. send greetings to employees on their birthdays. e. write a job specification for the computer programmer.

Answers

Answer:

C

Explanation:

Human resources information system is defined as an information system that is used to collect analyze and process data to aid easy administration of the human resources function in an organization . It makes use of database and computer software and hardware for this purpose .

the overall aim is to utilize human resources efficiently to meet organizational goals

Firms that implement a strategy of _____ operate multiple businesses that are not logically associated with one another.
a. unrelated diversification
b. nondiversification
c. single-business unit
d. synergy
e. entropy

Answers

Firms that implement a strategy of unrelated diversification  operate multiple businesses that are not logically associated with one another. Option A is correct answer.

Unrelated diversification. Firms that implement a strategy of unrelated diversification operate multiple businesses that are not logically associated with one another. Unrelated diversification is a corporate-level strategy in which a company operates in several different industries that are not related to one another. The corporation is still in the position of owning all of its assets and resources while operating in various sectors. An unrelated diversification strategy is used by businesses to expand their income stream by investing in unrelated markets or businesses. An example is a company that produces both coffee and bicycles.

Option A is correct answer.

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Why do you think brand advocates willingly promote companies via social media? Explain.

Answers

Answer:

As a form of celebrity and endorsement. The company will be viewed by the potential millions of people that follow those brand advocates. This allows the brand to reach a wider audience and raise profits. that is why brand advocates willingly promote companies via social media?

Explanation:

hope this helps. ; )

When consumers start searching for ways to satisfy needs, their internal search is characterized by A. consulting close friends and families before expanding the search to a wider, external group. B. the influence of advertising. C. looking through the internal records of a firm, often found on the company website. D. examining personal memories and knowledge. E. using the Internet to find what other consumers feel about a specific product or service.

Answers

Using the Internet to find what other consumers feel about a specific product or service is the  internal search is characterized, When consumers start searching for ways to satisfy needs.

How internet is helpful in finding out about things?

Internet is very useful in many ways for the consumers, some of them are-

It facilitates the person in viewing the reviews of the other person's views on the specific thingsit helps in finding out the best things that a person suits for themIt provides easy ecommerce service From which a person can buy things.It provides easy return, if something is not appropriate to use.

Thus, option E is correct.

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Six sigma's target for perfection is the achievement of no more than _____ defects or errors per million opportunities.

Answers

Six sigma's target for perfection is the achievement of no more than 4 defects or errors per million opportunities.

The idea of first-rate at source suggests that the person who does the paintings should take obligations making sure conformance excellent of his or her output.

Six Sigma is a technique that offers corporations equipment to improve the capability of their business methods. This increase in overall performance and reduce in technique variation helps result in defect reduction and improvement in profits, employee morale, and excellent of services or products.

Six Sigma performance produces a defect-loose product 99.99966% of the time; permitting the most effective 3.4 errors per a million possibilities. 10 programs might need to be corrected for the duration of the whole 12 months.

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Difference between pharmacy and pharmacist ? it's important.​

Answers

Answer:

a cist works in the pharmacy

Korean Americans pool their money through kyes. On which of the following do kyes depend?

a. laws
b. insurance
c. mortgages
d. trust

Answers

D. Trust would be the answer

What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives

Answers

Answer:b

Explanation:

An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processed in her office? What if through information technology she reduces the processing time from 15 days to 10 days to 5 days? What are the advantages and disadvantages of adopting this technology? Explain.

Answers

The average number will continue to decrease if the time required is shorter. Adopting technology also has some advantages and disadvantages.

To calculate the average number of accounts receivable checks being processed in the manager's office, we need to multiply the number of checks processed per day by the average process time, here's the steps:

200 checks/day x 15 days = 3,000 checks

If the processing time is reduced to 10 days, the average number of accounts receivable checks being processed in the manager's office would be:

200 checks/day x 10 days = 2,000 checks

And if the processing time is further reduced to 5 days, the average number of accounts receivable checks being processed in the manager's office would be:


200 checks/day x 5 days = 1,000 checks


The advantages of adopting information technology to reduce processing time are:

1. Increased efficiency: Information technology can automate many of the manual processes involved in accounts receivable management, reducing the time and effort required to process checks.

2. Improved accuracy: By automating processes, information technology can reduce the risk of errors and improve the accuracy of accounts receivable records.

3. Faster payment processing: With faster processing times, accounts receivable managers can process payments more quickly, reducing the time it takes to receive payments from customers.

The disadvantages to adopting information technology:

1. Cost: Implementing information technology can be expensive, especially for small businesses that may not have the resources to invest in new technology.

2. Training: Employees may need to be trained on how to use the new technology, which can take time and resources.

3. Security risks: Information technology can be vulnerable to security breaches, which can compromise sensitive financial information.

Overall, the benefits of adopting information technology for accounts receivable management can outweigh the disadvantages, but it's important to carefully consider the costs and risks involved before making a decision.

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This OS was created by a developer named Torvalds. Linux Mac Unix Windows

Answers

Answer:

Linux.

Explanation:

Linus Torvalds is a Finnish computer programmer, creator of the Linux operating system kernel in 1991. Torvalds began developing his project through research done in a particular way during his spare time, using his own computers, tools and spare parts, and taking the Minix operating system as a starting point, seeking to create his own operating system to use on his own personal computers. Finally, as a result of this development, Torvalds created the largest and best-known open software operating system today.


Pls help will mark brainleist

Pls help will mark brainleist

Answers

Answer:

D Values

Explanation:

It’s The last one “Values”

the four types of economic goods discussed at the beginning of the semester included:

Answers

The four types of economic goods discussed at the beginning of the semester are private goods, public goods, common goods, and club goods.

Economic goods are items that are useful, relatively scarce, and subject to trade or exchange. The four types of economic goods discussed at the beginning of the semester are private goods, public goods, common goods, and club goods.

Private goods are goods that are both excludable and rival in consumption. This means that only those who pay for the good can use it, and the use of the good by one person prevents others from using it at the same time.

Public goods, on the other hand, are goods that are non-excludable and non-rival in consumption. This means that once the good is produced, it is available to everyone, and the use of the good by one person does not diminish the amount available to others.

Common goods are goods that are rival in consumption but non-excludable. This means that the use of the good by one person diminishes the amount available to others, but it is difficult to exclude people from using the good.

Finally, club goods are goods that are excludable but non-rival in consumption. This means that only those who pay for the good can use it, but the use of the good by one person does not diminish the amount available to others who also pay for the good. Examples of club goods include private parks and golf courses.

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A retirement or abandonment of an asset is different from a sale of an asset because?.

Answers

A retirement or abandonment of an asset is different from a sale of an asset since a loss must be recognized for the remaining book value.

When a durable asset stops being used, it is regarded as having been disposed of. A retired or abandoned asset loses value by the carrying amount that applied at the time of retirement or abandonment. The asset's carrying value is then reduced by the resulting loss. An asset's retirement or abandonment differs from its sale in that no money is exchanged.

The remaining book value requires a loss to be recorded. When an asset is permanently withdrawn from service, it is counted as retired. Asset retirement might happen via procedures like a sale to a different party or disposal because of obsolescence.

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Tennyson's ultimate goal is to work as the CEO of an advertising agency. One of her goals is to "gain the required experience for the position." What type of goal would this be?
OA performance-based
OB. time-based
O C.
OD. long-term
mid-term

Answers

The type of goal that is been used when Tennyson's ultimate goal is to work as the CEO of an advertising agency and one of her goals is to "gain the required experience for the position is B. time-based goal.

What is  time-based goal?

Time-based goal can be described as the goal  that is been focused so that it can be achieved on a  target date,  it involve focusing on a particular thing at a time so as to be successful in it.

In conclusion, from the case above , we can see that her goal is to work as the CEO of an advertising agency which is specific and have time.

Therefore, option B is correct.

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Type your answer in the box. When we discuss the amount of dollars that Americans are willing to exchange for foreign currency so that they can purchase foreign goods, services, and assets, we are referring to the _____ of dollars.

Answers

When we discuss the amount of dollars that Americans are willing to exchange for foreign currency so that they can purchase foreign goods, services, and assets, we are referring to the demand of dollars.

When we discuss the amount of dollars that Americans are willing to exchange for foreign currency, it represents the demand for dollars in the foreign exchange market. The demand for dollars is driven by various factors such as the desire to import goods and services from other countries, invest in foreign assets, travel abroad, or repay foreign debts.

The demand for dollars is influenced by economic factors including interest rates, inflation rates, economic growth, and market expectations. When the demand for dollars increases, it indicates a greater desire for Americans to acquire foreign currency, reflecting an increased demand for foreign goods, services, or investments.

Conversely, the supply of dollars in the foreign exchange market represents the amount of dollars that foreigners are willing to exchange for their respective currencies. The interaction between the supply and demand for dollars determines the exchange rate between the U.S. dollar and other currencies.

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the _____ occurs when a rater gives all employees an average rating.

Answers

The "central tendency bias" occurs when a rater gives all employees an average rating. This bias happens when the rater avoids extreme ratings and tends to rate everyone similarly.

When the central tendency bias is present, it can undermine the accuracy and effectiveness of performance evaluations. By assigning average ratings to all employees, the rater fails to provide meaningful feedback and recognition to exceptional performers or address performance issues adequately. This bias can lead to demotivation among high performers who feel their efforts go unrecognized and make it challenging for organizations to identify areas for improvement or allocate rewards and promotions fairly. It is crucial for organizations to train raters on recognizing and minimizing the central tendency bias to ensure more accurate and unbiased performance evaluations.

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Before the year 2000, the most prolonged departure from the long-term growth path for the United States occurred during
a) The 1980s
b) The Great Depression
c) World War II
d) The years following World War II

Answers

The most prolonged departure from the long-term growth path for the United States before the year 2000 occurred during b) The Great Depression

The Great Depression, which took place from 1929 to 1939, was the longest and most severe economic downturn in the history of the United States.

The Great Depression, which lasted from 1929 to 1941, was the worst and longest economic downturn in modern times.

Investments made in the speculative market during the 1920s contributed to the 1929 stock market crash, which destroyed a significant amount of nominal wealth.

It was marked by high unemployment rates, business failures, and reduced economic output. During this period, the country experienced a significant deviation from its long-term growth path.

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To build a good credit history you should pay as much of your balance as possible by the due date.
a true
b. false

Answers

The statement "To build a good credit history, you should pay as much of your balance as possible by the due date" is generally true.

Paying your credit card balance in full and on time is considered a responsible credit behavior and can help you establish and maintain a positive credit history. Here's why:

Payment history: Your payment history is one of the most important factors that lenders consider when assessing your creditworthiness. Making timely and full payments demonstrates your ability to manage credit responsibly, which reflects positively on your credit report.

Credit utilization: Paying off your balance in full helps keep your credit utilization ratio low. Credit utilization is the percentage of your available credit that you're using. Keeping this ratio low, ideally below 30%, shows lenders that you are not relying heavily on credit and are managing your debts effectively.

Avoiding interest charges: By paying your balance in full, you avoid accruing interest charges on the remaining balance. This can save you money in the long run and prevent your debts from accumulating.

Positive credit history: Building a positive credit history takes time, and consistent on-time payments contribute to a stronger credit profile. Lenders prefer borrowers with a proven track record of responsibly managing credit, which can increase your chances of being approved for future loans or credit applications.

However, it's important to note that paying the minimum amount due by the due date is still considered a responsible payment, but it may result in higher interest charges if you carry a balance forward. While paying as much of your balance as possible is generally advised, it's also essential to manage your finances wisely and not overspend beyond your means.

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Which of the following is a certificate of deposit?

- An account paying 0.5% interest with no other limitations.
- A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
- A “basket” of money pooled in by many investors to acquire securities based on the value of cash.
- An investment in stocks.

Answers

A deposit that, in exchange for 2% interest, must be kept in the bank for one year. Option B is correct .

What is an account for certificates of deposit?

A certificate of deposit (CD) is a type of savings account that pays interest in exchange for holding a predetermined sum of money for a predetermined amount of time, such as six months, one year, or five years. When money is deposited into a certificate of deposit (CD), savers typically receive a predetermined annual percentage yield (APY). Commonly, the APY on a Compact disc is higher than a bank's investment account since it requires your assets to be secured for the term of the Cd. An investment instrument that requires investors to lock in funds for a predetermined period of time in order to earn premium rates is known as a certificate of deposit (CD), and it is typically issued by banks. Similar to a savings account, it For instance, Joe put $5,000 in Cd with a bank at a proper financing cost of 5% with 5 years development.

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What are three ways to make money through investing in real estate?

Answers

Answer:

There are three primary ways investors could potentially make money from real estate: An increase in property value. Rental income collected by leasing out the property to tenants.

Answer: By a sudden positive change in the economy, by renting out residences or land to customers, or by being smart about when and how the properties are put up for sale or rent

Explanation:

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