Issued a cheque of rs 27000 for office rent after deducting 10% rent tax
(Journal Voucher)
Answers
A journal voucher is a document used to record business transactions in the company's general ledger. In this case, a journal voucher was issued to record the payment of rent for the office space. The amount of rent was Rs. 27,000, and 10% rent tax was deducted from the total amount.
The journal voucher can be used to track the amount of rent paid, the tax deducted, and any other details related to the payment. The journal voucher also serves as proof of payment and can be used to settle disputes between the landlord and the tenant.
The journal voucher is a vital document as it serves as an audit trail and helps ensure accurate accounting records. The journal voucher can also be used to provide evidence of payment in case of any legal disputes. The journal voucher is an important document that helps ensure the accuracy and security of the company's financial records.
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complete question is :
Issued a cheque of rs 27000 for office rent after deducting 10% rent tax
(Journal Voucher). explain.
Related Questions
Mary was shopping in a clothing store. She had $100 to spend. She found three items she liked: $99 for a pair of shoes, $98 for a jacket, and $96 for a dress. After over an hour of shopping, she decided to buy the jacket for $98. What was her opportunity cost?
Answers
Answer:
She have two opportunity cost: 1. Shoes
2. Dress
With the return back money of $2
Opportunity cost is the return of a foregone option less than the return on your chosen option.
Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could make the official rate overstate the actual unemployment rate
Answers
Answer:
people simply quit looking for jobs.
Explanation:
In order to be considered unemployed, you must be out of work for at least four weeks and be actively seeking a new job. But if after 6 months, or 1 or even 2 years, you cannot get a new job, then you might simply quit looking for one. Since you quit looking for a job, you are not considered unemployed.
Corrie bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 12% per year compounded monthly. Their monthly payments are $174. 80 for 3 years. What is the cash price of her purchase?.
Answers
The cash price of her purchase is $5262.79
Present value=C*[1 - (1+i)^(-n)]/i
C=amount of payment per period
i=interest rate
n=number of payments
In this problem,
C=$174.80
i = 12% per year compounded monthly
= 12/(12*100)
= 0.01
n = 3*12 = 36 months
= Present Value = 174.80*[1 - (1+0.01)^(-36)]/0.01
Cash price = $5262.79
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what is the penalty for filing taxes late if you are owed a refund
Answers
Answer:
There is no penalty for filing after the deadline if a refund is due.
HELPPPP
Question 1 of 10
A country imports goods and services worth $700 million and exports goods
and services worth about $500 million. This means that the country has a(n)
A. comparative advantage
B. absolute advantage
C. trade surplus
D. trade deficit
SUBMIT
Answers
Answer:
D. Trade Deficit
Explanation:
Since they pay $700 mil to import goods and earn $5oo mil when they sell those goods, they're technically losing money. Which is what a deficit is
Answer:
D) trade deficit
Explanation:
_____ include tools and equipment used to produce goods and services.
a. Capital resources
b. Consumer resources
c. Human resources
d. Natural resources
Answers
Answer:
The correct answer is B!
Explanation:
Consumer resources, include tools and equipment used to produce goods and services. Thus, option (b) is correct.
What is goods?
The term goods as the another name was the commodities. The goods are the sold to the exchange of the money. The goods are the produced with the help of raw material. The goods are the based on the two prices, such as the manufacturing prices and retail prices. The goods are the two types are the raw goods and the finished goods.
According to the manufactured goods and services as the companies are the manufacturing to the based on the consumer resources. The foundation is built on economic development. Factors of production are the resources used to create all commodities and services.
As a result, the consumer resources, include tools and equipment used to produce goods and services.
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In a market economy, capital resources are primarily allocated by Multiple Choice - governments - corporation CEOS - financial markets - Investment bankers
Answers
In a market economy, capital resources are primarily allocated by financial markets. Financial markets include stock markets, bond markets, foreign exchange markets, and derivatives markets, which allow investors to buy and sell various financial products.
These markets allow investors to adjust their portfolios to match the changing economic conditions. Explain why financial markets are the primary allocators of capital resources in a market economy?
Financial markets provide an efficient and transparent mechanism for the allocation of capital resources. This is because financial markets are highly liquid, meaning that buyers and sellers can quickly and easily trade securities and other investments.
Moreover, since these markets are made up of many investors, the process of allocation is free from any potential bias or manipulation. Additionally, since financial markets are heavily regulated, there are safeguards in place to protect against fraud and other potential abuses.
Therefore, financial markets are an ideal mechanism for the allocation of capital resources in a market economy.
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Depreciation is recorded on the income statement as _____.
A. a revenue that reduces net income
B. an expense that reduces net income
C. a revenue that increases net income
D. an expense that increases net income
Answers
It should be noted that depreciation is recorded on the income statement as a revenue that reduces net income.
What is depreciation?Depreciation can be regarded as the diminution in the utility as well as the value that is been associated to an asset.
These fixed assets could be;
buildings furnitureoffice equipmentmachineryTherefore, option A is correct because depreciation is recorded on the income statement.
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Answer: Depreciation is an expense that decreases net income.
Explanation: Depreciation is an expense — that’s the whole point of it, it’s taking out your cost for a large expense that you use for multiple years over the lifetime of that asset, rather than all in one year. So it’s always an expense.
Any expense decreases your net income.
QED.
Zenith has introduced a flat-screen television and is training salespeople in a limited number of stores where this new model will be sold. this is called ________ distribution. group of answer choices unlimited exclusive selective intensive convenience
Answers
The type of distribution Zenith has introduced is called selective distribution. Here option C is the correct answer.
Selective distribution is a kind of marketing strategy where a firm picks a limited number of retailers to sell its products. In this case, Zenith has introduced a new flat-screen television and is training salespeople in a limited number of stores where this new model will be sold.
The selective distribution strategy of marketing is often used for high-priced items or items that require specific service requirements. A company selects this method of distribution to achieve the following objectives: To maintain a certain image of the product in the market and present it in a manner that meets its exclusivity.
To sell only through authorized intermediaries to have better control over pricing.To reduce the cost of selling and after-sales service. Therefore option C is the correct answer.
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Complete question:
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Zenith has introduced a flat-screen television and is training salespeople in a limited number of stores where this new model will be sold. this is called ________ distribution. group of answer choices
A - unlimited
B - exclusive
C - selective
D - intensive
E - convenience
equipment with a book value of $80,000 and an original cost of $167,000 was sold at a loss of $32,000. paid $106,000 cash for a new truck. sold land costing $310,000 for $405,000 cash, yielding a gain of $95,000. stock investments were sold for $94,200 cash, yielding a gain of $16,250.
Answers
By using the information to determine this company's cash flows from investing activities is as follows:
The information is:
a.Equipment with a book value of $80,000 and an original cost of $168,000 was sold at a loss of $32,000
b. Paid $103,000 cash for a new truck.
c. Sold land costing $330.000 for $415,000 cash yielding a gain of $85,000
d. Long-term investments in stock were sold for $90.700 cash, yielding a gain of $16.250.
Cash flows from investing activities:
Cash received from the sale of equipment($80,000 − $32,000) $48,000
Cash paid for new truck ($103,000)
Cash received from the sale of land $415,000
Cash received from the sale of longterm investments $90,700
Net cash provided by investing activities
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When sending powerful and persuasive messages, you need to avoid messages that are
Group of answer choices
told with stories.
informative.
exciting.
simple.
emotionless.
Answers
When sending powerful and persuasive messages, you need to avoid messages that are emotionless.
When it comes to sending powerful and persuasive messages, it is important to engage the audience and evoke emotional responses. Emotionless messages often fail to connect with the recipients and may be perceived as dull or uninteresting. Emotions play a crucial role in influencing decision-making and behavior, so incorporating emotional appeal can make messages more compelling and impactful.
Telling stories can be an effective way to engage the audience and convey messages in a relatable and memorable manner. Informative messages provide necessary facts and details to support the argument or proposition. Exciting messages can create anticipation, enthusiasm, or interest in the subject matter. Simple messages are concise and easily understandable, making them more accessible to a wide range of recipients.
However, if messages lack emotion and fail to resonate with the audience on an emotional level, they may struggle to persuade or motivate individuals to take action. Therefore, it is important to incorporate emotional elements to create powerful and persuasive messages.
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Many vision are written and hung on a wall, Do you think this type of vision has value? What would be required to imprint the vision within each person? 300 words , No written on pen and paper, No copy and paste
Answers
Vision statements are a critical value component of an organization's strategic planning process.
They provide a clear picture of the desired future state of the organization and serve as a guide for decision-making and goal-setting. However, simply writing a vision statement and hanging it on a wall does not necessarily translate to success. For the vision to have value, it needs to be imprinted within each person in the organization. To imprint the vision within each person, several steps are required. Firstly, the vision needs to be communicated clearly and consistently to all members of the organization. This means that leaders need to articulate the vision in a way that is easy to understand and relevant to each person's role within the organization. The vision should also be reinforced through regular communication channels, such as team meetings and performance reviews. Secondly, the vision needs to be aligned with the values and beliefs of the organization. If the vision is not consistent with the organization's culture and values, it will be difficult for individuals to adopt it as their own. Therefore, it is important to ensure that the vision is developed in consultation with all stakeholders and reflects the organization's mission and values.
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What is line item budgeting?
A. It's a system in which only the payroll is
budgeted for every month in a spreadsheet.
B. It's a system that the company uses to
keep track of all of it's heavy machinery.
C. It's a system used to document materials
for the factory that are inventoried every
year.
D. It's a system used to show every expense
or profit for the company broken down item
by item.
Answers
Answer:
D
Explanation:
line-item budget shows the comparison between the financial data for the past accounting or budgeting periods and estimated figures for the current or a future period.
If you were marketing a product to a particular target market and you only knew the demographic characteristics, what product benefits (WIIFM, or “What’s in it for me?”) would you highlight in your marketing
Answers
The product benefits to be highlighted in the marketing based on demographic characteristics are
beneficial to particular agebeneficial to particular working classbeneficial to particular gender etcWhat is the demographic segmentation?In marketing, this refers to the segmenting of customers according to gender, age, ethnicity, family size, religion etc.
The use of demographic segmentation in marketing helps to provide the needs and want to consumers based on the demograph gathered from them.
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Annika is using ADA to test AP and purchases. Purchase orders
will be compared with invoices received and paid, to address the
existence of AP at year end. What type of procedure is this?
test of deta
Answers
Annika uses ADA to test AP and purchases. Purchase orders are matched with invoices received and paid, to test for the existence of AP at year-end.
ADA, or Audit Data Analytics, refers to the use of technology to perform data analysis procedures on large amounts of audit data. One common procedure that can be performed using ADA is a test of details, which involves testing the accuracy and completeness of transactions by comparing them to supporting documentation. For Annika, using ADA to test AP and purchases involves comparing purchase orders to invoices received and paid. This is a test of details procedure that is used to address the existence of accounts payable (AP) at the end of the year. By matching purchase orders with invoices, Annika can determine whether or not the company has outstanding balances owed to vendors that need to be recorded in the AP account. In conclusion, this procedure is a test of details that uses ADA to analyze purchase orders and invoices in order to test the existence of AP at year-end.
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Employers include __________ plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.
Answers
Employers include" Group health" plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.
What do you mean by fringe benefit program?
The fringe benefit program include health insurance, worker's compensations, retirement benefits and medical leave.
As a company it's the duty of owner and management to take care of their employees health.
It is very common to say that health is wealth. Therefore, it is mandatory in every company to cover all the health benefits for better growth.
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the product/service component of the feasibility study typically includes which of the following aspects?
Answers
The product/service component of a feasibility study typically includes aspects such as market analysis, product/service description, competitive analysis, pricing strategy, and potential customer demand.
The product/service component of a feasibility study focuses on evaluating the viability and potential success of the proposed product or service. It involves several key aspects that need to be assessed and analyzed.
Market analysis is an essential part of the product/service component. It involves evaluating the target market, identifying potential customers, understanding market trends, and assessing market demand. This analysis helps determine the market potential for the product or service.
A thorough product/service description is necessary to provide a clear understanding of what the offering entails. This includes detailing its features, benefits, unique selling points, and any intellectual property rights associated with it.
Competitive analysis examines the existing competition in the market. It involves identifying direct and indirect competitors, analyzing their strengths and weaknesses, and assessing the market share they hold. This analysis helps identify opportunities and challenges in the competitive landscape.
Pricing strategy is another crucial aspect. It involves determining the appropriate pricing model for the product or service, considering factors such as production costs, market demand, competition, and perceived value.
Assessing potential customer demand is essential to understand the target audience's needs, preferences, and willingness to adopt the product or service. This analysis helps gauge the market's acceptance and the potential customer base.
By evaluating these aspects within the product/service component, a feasibility study aims to assess the viability and potential success of the proposed offering, providing valuable insights for decision-making and future planning.
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The product/service component of the feasibility study should include which of the following aspects?
A. Stage of development
B. Competition
C. Market penetration
D. Cost forecast
What societal force was in place in mainstream American culture until the 1960s that resulted in separation of people along racial and other lines
Answers
Answer:
segregation
Explanation:
There was a societal force that was in place in mainstream American culture until the 1960s. This societal force was segregation that resulted in the separation of people along racial and other lines.
The United States remains a segregated society in respect of housing patterns and church membership despite all the legal changes that have taken place since the 1960s.
under what circumstances are there no benefits from diversification?
Answers
While diversification can provide a number of benefits to a portfolio, there are some circumstances in which there may be no benefits from diversification, or even negative outcomes.
Highly Correlated Assets: Diversification is effective when the assets in a portfolio are not highly correlated with each other, meaning that they don't move in the same direction at the same time. However, if all of the assets in a portfolio are highly correlated, then diversification may not provide much benefit in terms of reducing risk.Limited Asset Pool: If there are only a limited number of assets available to invest in, diversification may not be possible or may not provide significant benefits. For example, if a portfolio is invested entirely in a single stock, diversification is not possible unless other investment options become available.
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What is importing? please help
Answers
The Colvilles are buying a new car. The cash price is $35,000.00. They will make a down payment of 20% or $5,000. The balance will be covered by an installment loan. The loan will be repaid in 48 monthly payments of $651. The annual percentage rate for the loan is _________%. (Round your answers to two decimal places.)
Answers
Answer:
The Annual Percentage Rate, APR = 1.07%
Explanation:
The annual percentage rate (APR) for a loan is the amount payed annually as interest which is specified as a percentage of the balance of the loan
The given parameters are;
The cash price for the car the Colvilles are buying = $35,000.00
The amount of down payment they will make = 20% or $5,000
The will cover the balance by installment loan
The number of monthly with which the loan will be repaid, n = 48 monthly payment
The amount of the monthly payments, M = $651
The balance which will be taken on loan, P = 35,000.00 - 5,000 = 30,000
The balance which will be taken on loan, P = $30,000
\(APR = \left(\left(\dfrac{\dfrac{Fees + Interest}{Principal} }{n} \right) \times 12\right) \times 100\)
\(APR = \left(\left(\dfrac{\dfrac{ I}{P} }{n} \right) \times 12\right) \times 100\)
Therefore;
The interest paid over life of loan, I = M × n - P
∴ I = 651 × 48 - 30,000 = 1,284
Therefore, we have;
\(APR = \left(\left(\dfrac{\dfrac{ 1,284}{30,000} }{48} \right) \times 12\right) \times 100 = 1.07 \%\)
The Annual Percentage Rate APR = 1.07%
companies that try to specialize in one segment of the market and undercut the prices of the other sellers in the market are using a ______ strategy.
Answers
Companies that try to specialize in one segment of the market and undercut the prices of other sellers in the market are using a penetration pricing strategy.
Companies that employ a penetration pricing strategy focus on gaining market share by offering their products or services at lower prices compared to their competitors. This strategy aims to attract customers by positioning the company as a cost leader within a specific market segment. By undercutting the prices of other sellers, the company aims to entice customers away from competitors and establish itself as a dominant player in that particular segment.
The goal of penetration pricing is not necessarily to generate immediate profits but rather to achieve a significant market share. The company may be willing to operate with lower profit margins initially, with the expectation of increasing prices or upselling additional products or services once they have established a strong customer base.
This strategy can be effective in several ways.
Firstly, it can attract price-sensitive customers who prioritize lower costs over other factors. Secondly, it creates a barrier for new entrants who may find it challenging to compete on price. Finally, by capturing a substantial market share, the company can potentially enjoy economies of scale, lower production costs, and increased bargaining power with suppliers.Overall, a penetration pricing strategy aims to quickly penetrate the market, gain a competitive advantage, and build a strong customer base through aggressive pricing in a specific market segment.
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What is one benefit that you or someone you know receives as a result of government
spending?
I
Answers
Answer:
They are a more reliable means of help in anything.
One benefit is that when my family gets sick, the government pays for the NHS and we can easily get the antibiotics and care for either a lot cheaper or it would be free
How does where you can purchase the candy affect the price? How does it affect the availability?
Answers
Which of the following is an example of a corporate ritual?
A) Employees swapping stories about the company's history and past heroes who have madesignificant contributions to the company.
B) Company excutives using company-specific jargon or slogans intended to inspire other employees to perform better.
C)Companies hosting annual partics to commemorate employee contributions and rewardoutstanding performance.
D)The assortment of material artifacts that characterize an organization, including the layoutof its facilities,how its cmployees dress,and the types of automobiles provided to topexecutives.
Answers
An example of a corporate ritual among the given options is C) Companies hosting annual parties to commemorate employee contributions and reward outstanding performance.
Corporate rituals are events or practices that regularly occur within an organization and serve to create a sense of unity and shared identity among employees. These rituals help to reinforce the company's culture and values and foster a sense of belonging among team members.
In the case of hosting annual parties, the company comes together to celebrate and recognize the hard work of its employees, showcasing appreciation and promoting a positive work environment. This ritual not only strengthens the bond among team members but also motivates employees to continue performing at their best in pursuit of future recognition and rewards. Hence, C is the correct option.
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How long after your refund is processed do you receive it.
Answers
Answer:
They will provide an actual refund date as soon as the IRS processes your tax return and approves your refund.
Explanation:
10 point If you have a 10 year annuity Daying $548 Bachs month years when interest.compounded semily what is the number of styret the deferred annuity as an ordinary annuity with the first annuity pay
Answers
The present value of the deferred annuity as an ordinary annuity with the first annuity payment due today is approximately $10,000.60.
The amount of the annuity is $548 per month for 10 years, which means a total payout of:$548 x 12 months x 10 years = $65,760To calculate the present value of this deferred annuity as an ordinary annuity with the first annuity payment due today, we need to use the annuity due formula, which is:PV = (PMT x (1 + i)) x ((1 - (1 + i)^(-n)) /i)Where:PMT = the periodic payment (which is $548)i = the interest rate per period (which is half the annual interest rate since interest is compounded semiannually)
n = the total number of periods (which is 20 since there are 2 periods per year for 10 years)The interest rate is not given in the question, so we will assume it is 4%. Therefore, i = 4% / 2 = 2% per period.Plugging in the values, we get:PV = ($548 x (1 + 0.02)) x ((1 - (1 + 0.02)^(-20)) / 0.02)PV = $10,000.60So the present value of the deferred annuity as an ordinary annuity with the first annuity payment due today is approximately $10,000.60.
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GIVING 25 POINTS FOR THE CORRECT ANSWERS!!!!
1: The three elements needed in order to make database marketing work are technology, prioritization, and accurate information.
False
True
2:Starting with a clean list is an important step in database marketing
False
True
Answers
Answer:
first one is T the second is F
The systematic collection, compilation, and processing of consumer data is known as database marketing. Database marketing, often known as customer relationship management, is a type of direct marketing. Customers' and potential customers' data is gathered and kept in a database by a business. An organization can better understand and market to its customers as a result of the process of gathering this data, perhaps increasing revenue.
Database marketing is a type of marketing technique that can be used by companies like merchants, technology suppliers, insurance providers, and other services. The companies who have a huge client base will benefit the most from this marketing strategy since they will generate more transaction data, which opens up more opportunities to identify potential customers.
In database marketing, marketers will use the information gathered to better understand customers, choose target markets for certain marketing campaigns (through customer segmentation), assess how valuable clients are to the business, and give customers more specialized options. Customers' names, addresses, emails, phone numbers, purchase histories, job titles, website cookies, and even help requests are among the data that may be collected.
Data is first gathered from a variety of sources in database marketing. Tracking is possible for names, addresses, emails, phone numbers, purchase histories, and other information. The information can be gathered through a variety of techniques, such as tracking user cookies, purchase histories, newsletter subscriptions, or anything else that calls for the completion of forms, such entry forms for contests, offers of free samples of goods, product warranty cards, and so forth. Additional client records may be created as a result of leads generated by the marketing and sales teams. Although different nations may have varying rules surrounding what types of data can be bought and sold, prospect data can also be purchased from third parties.
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write a letter to your father asking for money to buy textbooks and pay for your school fees
Answers
Answer:
pay
Explanation:
What is the primary duty of a public relations specialist?
A. To create advertising concepts
B. To deliver marketing messages
C. To communicate business activities with the press
D. To oversee graphic design tasks
Answers
Answer:
B. To deliver marketing messages
Explanation:
A public relation specialist is a professional who portrays goods and services in a good light/form to the public. This helps to create awareness and encourages the general public to buy such products.
Public relation specialist ensures that the company has a good relationship between the stakeholders, staffs and the general public thereby avoiding any type of clash.