Following is the tabular representation of each transaction in individual items of the accounting equation. All the given transactions are recorded under the cash basis of accounting as each transaction is either an inflow or outflow of cash.
Transaction Items of Accounting Equation Cash + Accounts Receivable = Equipment + Office Supplies=Accounts Payable + G. Gram, Capital + Revenue - Expenses Invested $40,000 cash in the company in exchange for its common stock+40,000=+40,000. Rented a furnished office and paid $2,200 cash for May’s rent.-2,200=+2,200,
Purchased $1,890 of office equipment on credit.-1,890=+1,890Paid $750 cash for this month’s cleaning services.-750=Provided consulting services for a client and immediately collected $5,400 cash.+5,400=+5,400Provided $2,500 of consulting services for a client on credit.+2,500=+2,500Paid $750 cash for an assistant’s salary for the first half of this month.-750=Received $2,500 cash payment for the services provided on May 12.+2,500=Provided $3,200 of consulting services on credit.+3,200=+3,200 Received $3,200 cash payment for the services provided on May 22.+3,200=Paid $1,890 cash for the office equipment purchased on
May 3.-1,890=+1,890 Purchased $80 of advertising in this month’s (May) local paper on credit; cash payment is due June 1.-80=+80Paid $750 cash for an assistant’s salary for the second half of this month.-750=Paid $300 cash for this month’s telephone bill.-300=Paid $280 cash for this month’s utilities.-280=Paid $1,400 cash in dividends to the owner (sole shareholder).-1,400=+1,400
Gabi Gram started The Gram Co., a new business that began operations on
May 1. Gabi invested $40,000 cash in the company in exchange for its common stock. This increases the cash balance and common stock account balance. The company rented a furnished office and paid $2,200 cash for May’s rent. This reduces the cash balance and increases the rent expense account balance. The company purchased $1,890 of office equipment on credit. This increases the equipment account balance and accounts payable balance.
The company paid $750 cash for this month’s cleaning services. This reduces the cash balance and increases the cleaning services expense account balance.
The company provided consulting services for a client and immediately collected $5,400 cash. This increases the cash balance and consulting revenue account balance.
The company provided $2,500 of consulting services for a client on credit. This increases the account receivable account balance and consulting revenue account balance.
The company paid $750 cash for an assistant’s salary for the first half of this month. This reduces the cash balance and increases the salary expense account balance.
The company received $2,500 cash payment for the services provided on May 12. This increases the cash balance and reduces the accounts receivable account balance.
The company provided $3,200 of consulting services on credit. This increases the account receivable account balance and consulting revenue account balance.
The company received $3,200 cash payment for the services provided on May 22. This increases the cash balance and reduces the accounts receivable account balance.
The company paid $1,890 cash for the office equipment purchased on May 3. This reduces the cash balance and increases the equipment account balance.
The company purchased $80 of advertising in this month’s (May) local paper on credit. The cash payment for this transaction is due on June 1. This increases the advertising expense account balance and accounts payable account balance.
The company paid $750 cash for an assistant’s salary for the second half of this month. This reduces the cash balance and increases the salary expense account balance.
The company paid $300 cash for this month’s telephone bill. This reduces the cash balance and increases the telephone expense account balance.
The company paid $280 cash for this month’s utilities. This reduces the cash balance and increases the utilities expense account balance. The company paid $1,400 cash in dividends to the owner (sole shareholder). This reduces the cash balance and reduces the owner's equity balance.
Thus, all the given transactions of The Gram Co. for the month of May are recorded under the cash basis of accounting. By using the accounting equation, the amount of each transaction is entered on individual items of the accounting equation without determining new account balances after each transaction.
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A graphic organizer is a visual representation.
Please select the best answer from the choices provided
•T
•F
The given statement "A graphic organizer is a visual representation" is True because graphic organizers are an effective way to improve information retention and comprehension, making them a valuable tool in both personal and professional contexts.
A graphic organizer is a visual representation that helps individuals organize information in a clear and concise manner. This can be in the form of a diagram, chart, or other types of visual aids that make it easier to understand complex concepts or ideas. Graphic organizers can be used in various contexts, such as in educational settings to help students understand and remember important information, or in business, settings to help individuals organize their thoughts and ideas for presentations or reports.
One of the benefits of using graphic organizers is that they make it easier to identify relationships between different pieces of information. By visually organizing data, it becomes easier to see connections and patterns that may not be immediately apparent when looking at raw data. Additionally, graphic organizers can be customized to suit specific needs, making them a flexible tool for a variety of tasks.
Overall, graphic organizers are an effective way to improve information retention and comprehension, making them a valuable tool in both personal and professional contexts. Whether you are a student, educator, or professional, incorporating graphic organizers into your workflow can help you better organize and understand complex information.
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What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage
Answer:
A second mortgage loan uses real estate for security
Recommend three life skills that can assist a grade 12 school leaver to adapt to the world of work in 2023.in each answer,also indicate how these life skills can prevent a stressful transition from being a learner to the work environment.
A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
What are life skills?Life skills are skills required by individuals are necessary for living and cooperation with others
Some of the life skills include:
communication time management critical thinking problem solvingA grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
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what is engineering?
Answer:
Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.
Engineering skills include:
The scientific methodSocial, cultural and economic awareness MathematicsBiology, chemistry, physics and other areas of scienceCreativityTeamworkWhere science is involved with designs, buildings, use of engines, machines, and structures.what was the main economic product of the southern colonies?
Answer:
Hope this helps........The Southern Colonies had an agricultural economy. Most colonists lived on small family farms, but some owned large plantations that produced cash crops such as tobacco and rice. Many slaves worked on plantations.
Explanation:
except media what else can provide job information
Answer:
see below
Explanation:
Other sources of job information are
1. Trade or professional associations
They are organizations formed by professionals in the same career path. Members frequently meet to share information regarding developments in their profession.
2. Family and friends working in different organizations
Close friends and relatives are an important source of information for vacancies existing in different workplaces.
3. Educational institutions
In some cases, employers share information on their available job opportunities with schools and colleges.
4. Career or employment agencies
Employment agencies have updated information on various labor requirements for different employers
How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
Answer:22 years
Explanation:
which of the following is most likely to affect labor supply?
a. the cost of non-labor factors of production
b. a non-binding minimum wage
c. mass immigration
d. none of the above
Out of the options given, mass immigration is the most likely to affect labor supply. Option c is correct.
Mass immigration refers to a significant influx of people into a particular area or country. As more people enter the labor force, the supply of labor increases. This can result in a decrease in wages and job opportunities for native workers, as there is now a larger pool of labor to choose from.
On the other hand, a non-binding minimum wage and the cost of non-labor factors of production may affect the demand for labor, but not necessarily the supply.
Therefore, option c is correct.
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What is the decrease in the overall value of an asset called?
ОА.
depreciation
OB.
deceleration
Ос.
amortization
OD
disinvestment
Answer:
C Amortization
Explanation:
Because I am smart
Answer:
depreciation
Explanation:
Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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Standards that represent levels of operation that can be attained with reasonable effort are called.
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
I NEED HELP PLS DONT RESPOND WITH A LINK
_______ used the terms Theory X and Theory Y to describe different attitudes managers had about employees.
Douglas McGregor
Victor Vroom
Elton Mayo
Robert Colby
Say you are grocery shopping and you come across an item for which the unit price is not labeled. How can you find the
unit price on your own?
discuss how businesses can use mind mapping and brainstorming to identify new and innovative business opportunities
Answer: A mind map can be used by businesses to brainstorm thoughts and ideas organically.
Explanation:
By plotting ideas into a diagram, you can turn often complex, monotonous information into an organized, colorful, and memorable centralized format.
1) Sally and James' daughter just turned 5 and they have some money that they could set aside for
their daughter. They want to make sure she will have $12,500 for her 17th birthday so she could use
that
money
to
go on an overseas trip. If they found an account that would pay 3.9% annual interest,
How much do they have to put into the account now? *
Answer:
$7,898
Explanation:
The $12,500 is equivalent to the future value of the invested amount.
using the formula
where A is future amount,
Pi= principal or invested amount,
t = time 12 years ( the difference between 17 and 5 years)
r= is interest rate of 3.9% or 0.039 %
A = P(1 +rt)^n
$12,500= P(1 +0.039)^12
$12,500 = P(1.5827)
P=$12,500/1.5827
P= $7,897. 89
P=$7,898
Which of the following is most directly related to cyclical unemployment?a.An increase in the number of new college graduates looking for workb.An increased use of the Internet for job searchesc. Recessionsd.The age distribution of the country
Option c is Correct. Cyclical unemployment is most closely tied to recessions. Recessions, which are times of slow economic development, can result in cyclical unemployment.
Downturns in a business cycle, in which demand for products and services gradually declines, can also contribute to cyclical unemployment. Unemployment that fluctuates. when people lose their employment as a result of a decline in overall demand, frequently during a recession.
When a worker in the automotive industry is let go during a recession to reduce labor expenses, it is a specific illustration of cyclical unemployment. During the downturn, customers are buying fewer automobiles, therefore the manufacturer doesn't need as many personnel to supply the demand. Cyclical unemployment is a process that reflects a nation's economic cycle. During downturns and upturns, unemployment frequently increases.
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Correct Question:
Which of the following is most directly related to cyclical unemployment?
a. An increase in the number of new college graduates looking for work
b. An increased use of the Internet for job searches
c. Recessions
d. The age distribution of the country.
Sandy, a top-level manager, identifies jobs to be performed, assigns responsibility for them, establishes departments to handle the jobs, and determines how many and which employees the mid-level managers will supervise. Which function of management is Sandy performing?
The function of management is Sandy performing is Organising. Thus the correct option is B.
What is a manager?A manager is a person who oversees a project and is accountable for allocating resources, monitoring the project's development, and ensuring that it is completed on schedule in order to fulfill the organization's mission and goals.
Creating an institutional framework and assigning resources to enable the achievement of goals is a part of the management function known as organizing.
Since it makes it easier to manage and run the organization, the organization is crucial. Among other things, it entails delegating authority, allocating tasks, and categorizing those duties into department.
Therefore, option B is appropriate.
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The missing option probably is
planning
organising
supervising
controlling
You may need to use the appropriate appendix table to answer this question.
Given that z is a standard normal random variable, find z for each situation. (Round your answers to two decimal places.)
(a) The area to the left of z is 0.9750.
(b) The area between 0 and z is 0.4750.
(c) The area to the left of z is 0.7486.
(d) The area to the right of z is 0.1210.
(e) The area to the left of z is 0.7088.
(f) The area to the right of z is 0.2912.
To find the values of z for each situation, we can use a standard normal distribution table or a calculator with a built-in function for the standard normal distribution. Here are the calculations:
(a) The area to the left of z is 0.9750.
Using a standard normal distribution table or a calculator, we find that z ≈ 1.96.
(b) The area between 0 and z is 0.4750.
To find the z-value for an area of 0.4750, we need to find the z-value for half of this area. Half of 0.4750 is 0.2375. Using a standard normal distribution table or a calculator, we find that z ≈ 0.73.
(c) The area to the left of z is 0.7486.
Using a standard normal distribution table or a calculator, we find that z ≈ 0.69.
(d) The area to the right of z is 0.1210.
Since the area to the right is given, we need to find the z-values for the area to the left of 1 - 0.1210 = 0.8790. Using a standard normal distribution table or a calculator, we find that z ≈ 1.17.
(e) The area to the left of z is 0.7088.
Using a standard normal distribution table or a calculator, we find that z ≈ 0.54.
(f) The area to the right of z is 0.2912.
Since the area to the right is given, we need to find the z-value for the area to the left of 1 - 0.2912 = 0.7088. Using a standard normal distribution table or a calculator, we find that z ≈ -0.54.
Rounding the values to two decimal places, the solutions are:
(a) z ≈ 1.96
(b) z ≈ 0.73
(c) z ≈ 0.69
(d) z ≈ 1.17
(e) z ≈ 0.54
(f) z ≈ -0.54
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diversity can be a great benefit for a project or company. what types of skills or knowledge should a project manager consider when selecting a project team member? what do you believe are the attributes of a good project manager? how have you seen diversity help a project or company grow in the past?
Teams with a variety of members are more successful and perform better. The diversity of experience, knowledge, and working styles that a diverse workplace provides can improve problem-solving skills and increase output.
Technical know-how, risk management, critical analysis, and problem-solving skills are among the other skills included organizations understand that in the "project economy," their teams need a diverse range of viewpoints and abilities. That calls for genuine variety, whether it is in terms of gender, age, color, experience, sexual orientation, thought, nationality, or culture. Communication. Without open, regular communication between stakeholders, contractors, team members, and customers, a project is doomed to fail—a phrase that may be overused in this context. Communicating effectively. Project managers are continually communicating with stakeholders, from project kick-offs to stakeholder meetings.
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Jordan loves creating short films using his phone camera and small posable figures. He has learned how to edit the videos so that it looks as if the figures are alive and moving! What possible career paths might Jordan want to consider for his future? What type of education should Jordan get? Explain.
Answer:
A possible career pathway is Digital Filmmaking and Video Production. This career involves teaching students video development, post production, and live video production. For this career pathway Jordan should get a master’s degree in digital media studies because this education gives him a chance to learn more about how to improve the quality of his flims and what types of materials make the flims and the objects that are moving look more professional.
Explanation:
A set of procedures used to make modern video products is referred to as digital filmmaking, sometimes known as digital cinematography. These use a variety of equipment and techniques to create various types of material for a variety of media channels.
What's the difference between filmmaking and digital filmmaking?Film cameras are typically cheaper than high-end digital cameras. The film captures the exact image captured by the lens. Digital cameras must convert that light into a digital signature, which may contain visual artifacts. The dynamic range of the film is greater, particularly in darker situations.
The term "digital filmmaking" can refer to a variety of procedures and techniques utilized in current films, such as the usage of digital cameras or more comprehensive digital features such as characters and locations produced entirely within a computer.
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According to O*NET, what are the two most common levels of education Loading Machine Operators earn? Check all that apply associate degree high-school diploma or equivalent some college, no degree less than high-school diploma. HELP!
Answer:
B D
Explanation:
Trial and error
Answer:
B and D
Explanation:
The bonds are issued at a price of $1,901,046. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Reg 2A to 20 Reg 4 Req 1 Reg 5 Reg 3 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry orksl et Record the issue of bonds with a par value of $2,200,000 cash on January 1, 2019 at an issue price of $1,901,046. Note: Enter debits before credits. Date General Journal Debit Credit Cash January 01 1,901,046 Discount on bonds payable Bonds payable Record entry Clear entry View general journal
The January 1 journal entry to record the issuance of bonds with a par value of $2,200,000 cash on January 1, 2019, at an issue price of $1,901,046 is as follows:
Cash $1,901,046
Discount on bonds payable $298,954
Bonds payable $2,200,000
The bonds are issued at a discount because their issue price is less than their par value. The discount on bonds payable is calculated as the difference between the par value of the bonds and their issue price. In this case, the discount on bonds payable is $298,954. The discount on bonds payable represents the total amount of interest that will be recognized over the life of the bonds, and it will be amortized over the life of the bonds using the effective interest method or the straight-line method.
The cash received from the issuance of the bonds is $1,901,046, which is less than the par value of the bonds. This is because the bonds are issued at a discount, which reduces the amount of cash received. The bonds payable account represents the total amount of principal that must be repaid at maturity. The bonds will have a stated interest rate, which will be used to calculate the semiannual interest payments. The total amount of bond interest expense to be recognized over the bonds' life can be calculated by adding up all of the semiannual interest payments. The amortization table will show the amount of interest expense and discount amortization for each semiannual period.
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What is the main purpose of the operation bank?
Answer:
what even is a operation bank
Explanation:
hehe
do you believe thicker/ Williams violated copyright law with "blurred lines" why or why not
Answer:
why not
Explanation:
why not yes of course nA
Suppose Edison would like to invest $10,000 of his savings.
One way of investing is to purchase stock or bonds from a private company.
Suppose TouchTech, a hand-held computing firm, is selling bonds to raise money for a new lab?a practice known as (equity or debt) finance. Buying a bond issued by TouchTech would give Edison (an IOU, or promise to pay, from or a claim to partial ownership in) the firm. In the event that TouchTech runs into financial difficulty, (the stockholders or Edison and the other bondholders) will be paid first.
Suppose instead Edison decides to buy 100 shares of TouchTech stock.
Suppose Edison would like to invest $10,000 of his savings. One way of investing is to purchase stock or bonds from a private company. Suppose TouchTech, a hand-held computing firm, is selling bonds to raise money for a new lab—a practice known as debt finance.
Buying a bond issued by TouchTech would give Edison an IOU, or promise to pay, from the firm. In the event that TouchTech runs into financial difficulty, Edison and the other bondholders will be paid first.
Suppose instead Edison decides to buy 100 shares of TouchTech stock. In this scenario, Edison would have a claim to partial ownership in the company. As a shareholder, he may also receive dividends if the company distributes profits to its shareholders.
However, if the company faces financial difficulty, the stockholders would be paid after the bondholders have been settled.
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To help provide for a higher monthly Canada Pension Plan/Quebec Pension Plan (CPP/QPP) benefit __________________________________________________________________.
the government allows a certain percentage of your lowest earning years to be excluded from your calculation to determine your benefit.
the government allows a certain percentage of your highest earning years to be excluded from your calculation to determine your benefit.
the government allows employees to double up on contributions throughout their working years.
the government allows employers to double up on contributions for their employees.
The correct option is A, To help provide for a higher monthly Canada Pension Plan/Quebec Pension Plan (CPP/QPP) benefit, the government allows a certain percentage of your lowest earning years to be excluded from your calculation to determine your benefit.
A pension plan is a retirement plan that provides a source of income to employees after they retire. Employers typically establish pension plans as a way to attract and retain employees, and they contribute funds to the plan on behalf of their employees. Pension plans are typically regulated by government agencies to ensure that they are properly funded and managed. In some cases, employees may have the option to contribute to the plan as well, which can help them to build additional retirement savings.
Pension plans can take several forms, including defined benefit plans and defined contribution plans. A defined benefit plan promises to pay a specific amount to the employee upon retirement, while a defined contribution plan specifies the amount the employer will contribute to the employee's retirement account, but does not guarantee a specific benefit.
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To avoid debt, a new business owner should have enough projected revenue to cover expences for the first
A) 6 months
B) year
C) 2 years
D) 5 years
⚠️THIS IS FOR SCHOOL. NO TROLL ANSWERS OR LESS YOU WILL BE REPORTED.⚠️
Answer:
b) a year
Explanation:
What action can you take to provide the most help to a team that has worked together for more than a year and is familiar with the project work
Answer: Aim should be reemphasized regularly, deadlines set and there should be a reward system.
Explanation:
Over familiarity breeds negligence or lost of steam or enthusiasm in a project. They are things that should be put into place to avoid being to familiar with projects and sleep on them;
- The aim and objective for which the was started should be reemphasized daily or weekly, this would help the team have it in mind that they would need to be on their best
- Deadline should be sets for smaller aspect of the project. The project should be split into phase and deadlines set to meet up each phase
- There should be a reward system. This strengthens the team to do more and make the team know that their value and input is well appreciated
Match each business model with the advantage it brings.
Answer:
1. Subscription.
2. Bait and Hook.
3. Cutting out the Middleman.
Explanation:
Some of the commonly used business models across the world include the following;
1. Subscription: steady revenue and predictable profits. It is a business model which typically involves customers paying a recurring fee or price (revenue) for the use of a particular product or service. These customers are usually charged either on a monthly or annual basis. An example is the subscription for paid cable tv by various customers.
2. Bait and Hook: attractive prices for basic product. It is also referred to as the razor and blade business model. Bait and Hook typically involves selling a product at a very low price so as to gain the attention of the buyer and selling a complementary product (refill) to the same buyer at a very high price. An example is a mobile phone (bait) and airtime plus data (hook).
3. Cutting out the Middleman: reduction in transaction costs and processing time. It typically involves the elimination of an intermediary (middleman) in the supply of goods and services to the end users or customers.
An example is the business to consumer (B2C) company such as Walmart, Uber, etc.
Coach Sieb Has a treadmill desk. Walking on the treadmill will break down her triglyceride Levels 90% faster what is the percent that it breaks down while sitting
Answer:
0%
Explanation:
Base on the scenario been described in the question, where we saw coach Seib has 90% faster breaking her triglyceride Levels while working, when sitting, she has a 0% of breaking her triglyceride Levels because no movement, there will be no breakdown in the triglyceride Levels