Under a perpetual inventory system, each transaction involving the sale or purchase of inventory is recorded in the journal. Here are the journal entries that would be recorded for the transactions mentioned:
January 2:
Accounts Receivable 96
Sales Revenue 96
(Credit sales of 8 shovels at $12 per unit)
January 16:
Accounts Receivable 156
Sales Revenue 156
(Credit sales of 13 shovels at $12 per unit)
January 18:
Inventory 20
Accounts Payable 20
(Purchase of 5 shovels at $4 per unit on account)
January 19:
Accounts Receivable 156
Sales Revenue 156
(Credit sales of 13 shovels at $12 per unit)
January 24:
Inventory 52
Accounts Payable 52
(Purchase of 13 shovels at $4 per unit on account)
January 31:
Inventory 64
Cost of Goods Sold 576
(Cost of 48 shovels sold: 8+13+13 units at $4 per unit)
(Cost of Goods Sold is calculated as 48 units * $4 per unit)
No Journal Entry is required for the count of inventory on January 31 since it is only for informational purposes and does not involve any transactions.
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Which work value is most likely to be important in a person's career choice?
oA.
preferring a fast-paced environment
oB.
volunteering at the animal shelter
oC.
spending time on social media applications
oD.
being skilled at negotiating and bargaining with people
Answer:
oD. being skilled at negotiating and bargaining with people
in an rea model of the purchase and payment process, if each purchase involved only one high value item, such as a new automobile, the maximum multiplicity next to the inventory resource would be , and the maximum multiplicity next to the purchases event would also be .
In an REA model of purchase and payment process, if each purchase involved only one high value item, the maximum multiplicity next to the inventory resource would be one, and the maximum multiplicity next to the purchase event would also be one.
It is seen that in the generic REA model of the purchase and payment process, the multiplicities on the association between the suppliers and the purchases indicates that each supplier can thus participate in a minimum of zero purchases and a maximum of many purchases altogether.
The REA model tends to view the accounting data collection as a system in order to collect data about the events, resources, and agents within business processes. Thus, here the maximum multiplicity next to the inventory resource would be one.
Hence, the maximum multiplicity next to purchase event would also be one.
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How did farmers organize to meet the economic challenges and hardships of farm life?.
Through the establishment of cooperatives and political lobbying, the Farmers' Alliance was an American agricultural organization that existed between the 1870s and the 1980s.
The Food and Agriculture Organization of the United Nations is a world body that directs global initiatives to end hunger and enhance nutrition and food security. Fiat panis, its Latin motto, translates to "let there be bread." On October 16, 1945, it was established. There are 195 members of the FAO. The FAO operates in more than 130 nations from their headquarters in Rome, Italy, and has regional and field offices all around the world. It aids in the coordination of government and development agency efforts to advance and develop land, water, forestry, and agricultural sectors.
Additionally, it carries out research, offers project-specific technical support, manages educational and training initiatives, and compiles statistics on agricultural development, output, and production.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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Ultra Big Corporation, Inc. is preparing its annual report for shareholders. The statement of cash flows, which is included in the report, shows that the company sold one million shares of stock but repurchased half a million of those shares. It also shows that the company issued a ten-cent per share dividend. Where would this information be found on the statement of cash flows?
Answer:
Cashflow from financing activitues
Explanation: A company's statement of cashflow refers to a concise and segmented financial statement broken into three parts namely the operations, financing and investing activities showing changes in the account and cash inflow and outflow from the company's dealings. The scenario stated stated above would be recorded under the cashflow from financing activities as it is that part of the cashflow statement which shows net cashflow utilized in funding activities. This section contains financial cashflow on income from Issuance of debt or bond, stock repurchase and payment of Dividend which are all highlighted in the scenario above.
Critically assess the main strengths and weaknesses of efforts by employers to promote the inclusion of LGBTQ+ staff.
Promoting the inclusion of LGBTQ+ staff by employers has both strengths and weaknesses.
What are the main advantages and disadvantages of employers' efforts to promote LGBTQ+ staff inclusion?Employers' efforts to promote the inclusion of LGBTQ+ staff have been crucial in fostering a more inclusive and diverse workplace. These initiatives demonstrate a commitment to equality and create a supportive environment for LGBTQ+ employees to thrive. By implementing inclusive policies, providing diversity training, and establishing employee resource groups, employers can help address systemic biases and discrimination.
However, there are some weaknesses in these efforts. Despite the progress made, there can still be challenges in fully embracing LGBTQ+ inclusion. Some employers may lack awareness or understanding of LGBTQ+ issues, leading to inadequate support or unintentional bias. Additionally, implementation of policies and practices may vary across different organizations, and not all employers prioritize LGBTQ+ inclusion as a strategic objective. This inconsistency can limit the effectiveness and impact of these initiatives.
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Candle Shop, Inc. Has net sales on account of $1,700,000. The average net accounts receivable are $630,000. Calculate the days' sales in receivables. (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places. ) 328. 50 days 365. 00 days 135. 19 days 2. 70 days
The correct option is C. The 135.19 days of sales in receivables.
Accounts Receivables = $630,000
Net Credit Sales = $1,700,000
The computation of days' sales in receivables is shown below:-
= (Accounts Receivables ÷ Net Credit Sales) × 365
= ($630,000 ÷ $1,700,000) × 365
= 135.19 days
Accounting is the method of recording financial transactions relating to a business. The accounting manner includes summarizing, studying, and reporting those transactions to oversight corporations, regulators, and tax series entities. The chart of accounts organizes your budget into 5 predominant account types, called bills: belongings, liabilities, fairness, revenue, and costs.
The monetary statements used in accounting are a concise summary of financial transactions over an accounting length, summarizing a business enterprise's operations, economic role, and cash flows. two vital sorts of accounting for companies are managerial accounting and value accounting. Managerial accounting facilitates management teams to make enterprise selections, while fee accounting allows commercial enterprise owners to determine how an awful lot a product ought to price.
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Did the entrepreneur(s) get a deal from at least one Shark?
Answer:
One entrepreneur struck an agreement on-air with a shark that never materialized, and another struck a bargain that the shark later backed out of.
Explanation:
The easiest way to assess basic needs potential is most likely
-doing calculations on present imports.
-examining product substitutions.
-visiting the market and doing on-the-ground research.
-using data obtainable from public sources.
The easiest way to assess basic needs potential is most likely by using data obtainable from public sources. The correct option is d.
The basic needs potential is a measure that is used to determine the potential of a specific market for specific products or services. It is often used in market research to help businesses determine the potential of specific products and services in the market.
There are several ways to assess basic needs potential, but the easiest way is to use data that is obtainable from public sources. This data includes statistics on population, income, education, and employment, among other factors. The data can be used to determine the demand for specific products and services in a particular market.
For example, if the data shows that there is a high population of young people in a specific market, then there may be a demand for products and services that cater to that demographic.
The data can also be used to determine the purchasing power of the population, which can help businesses determine the price point for their products and services.
In conclusion, the easiest way to assess basic needs potential is by using data obtainable from public sources, as it provides a wealth of information that can be used to make informed decisions about product development and marketing.
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what is the modern technology used instead of traditional Technology
Answer:
Many traditional technologies are being replaced by the modern technologies. For example, typewriters have been replaced by computers.
Differentiate between traditional and modern technology.
Explanation:
Traditional Technology: For photography, film camera was used. Modern Technology: For photography, the digital camera is used.
Answer: The wheel
Explanation:
your question is rather vague, so ill give an example of modern technology based off of traditional technology))
During the stone age, wheels were created, and they used traditional methods to make such wheels.
Now, wheels are used on many things using modern technology, factory equipment and usually nobody hand-makes wheels for industrial use traditionally anymore.
Sam is planning to start a pool cleaning business. the business comes with a set-up and first-year operational cost of $39,500. sam has $9,000 in savings and $12,000 in credit that he has decided to invest in his business. sam would like to obtain the rest of the money required to open his business from investors. please select the best answer from the choices provided a b c d
The information Sam should include in the implementation plan component of his business plan.
Implementation plan :Execution is how ideas and strategies are put into action to achieve set goals and objectives. Execution of the plan is more important than strategy. Implementation includes project description, goal analysis, budgeting, training, and more. A project implementation plan is a document that defines how the project will be executed. The implementation plan describes the project's strategic goals and steps, defines the timeline for project completion, and lists the resources (including team members) required for the project's success. Strategic implementation in business may include the development and subsequent implementation of new marketing plans to increase sales of the company's products to consumers. Houston Chronicle:
The process of putting plans and strategies into action to achieve goals.
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Select the correct answer. Which of these is an essential element of a formal email? A. sender's website B. date line C. subject line D. sender's home address
Answer:
The answer is C.
Explanation:
Email is an electronic method of sending mail to a friend, family, colleague, business partners, suppliers etc.
According to this question, the essential element of a formal email is Subject line(option C). The subject line give us the clue of what will be in the body of the mail. The subject line is like the title or the headline.
Option A is not correct because it is not usually in the mail. And this is the reason for the other incorrect options too.
Answer:
The answer is C
Explanation:
if the risk-free interest rate is 10% per year, what must be the price of a 3-month put option on p.u.t.t. stock at an exercise price of $100? (the stock pays no dividends.)
The price of the 3-month put option on P.U.T.T. stock with an exercise price of $100 should be approximately equal to the difference between the exercise price and the estimated current stock price of $0.61
P = Xe-\(^(-rT\)N(-d2) - S*N(-d1)
d1 = (ln(S/X) + (r + σ²/2)T) / (σ√T)
= (ln(S/100) + (0.1 + 0.2²/2)*(0.25)) / (0.2√0.25)
≈ 0.4429
d2 = d1 - σ√T
≈ 0.2429
N(-d1) ≈ 0.3307
N(-d2) ≈ 0.3972
Substituting these values into the formula for S, we get:
S = 100e\(^(0.10.25)\)*0.3972 / (1 - 0.3307)
≈ $99.39
P ≈ $100 - $99.39
≈ $0.61
A stock price is the current market value of a single share of a publicly traded company's stock. When a company decides to go public and issue stock, it sells ownership stakes in the company to investors, who become shareholders. The value of these shares fluctuates based on a variety of factors, including the company's financial performance, industry trends, and overall market conditions.
Investors buy and sell shares of a company's stock on stock exchanges, such as the New York Stock Exchange or NASDAQ, and the price of a share is determined by the forces of supply and demand. If more people want to buy shares than sell them, the price will increase. Conversely, if more people want to sell shares than buy them, the price will decrease. Stock prices are important because they reflect the market's perception of a company's value and can have a significant impact on an investor's portfolio.
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The clock division of Control Central Corporation manufactures clocks and then sells them to customers for $10 per unit. Its variable cost is $4 per unit, and its fixed cost per unit is $2.50. Management would like the clock division to transfer 8,000 of these clocks to another division within the company at a price of $5. The clock division could avoid $0.50 per clock of variable packaging costs by selling internally. (a) Determine the minimum transfer price, assuming the clock division is not operating at full capacity.
Answer:
Minimum Transfer Price is $3.50
Explanation:
The Minimum transfer price is calculated by adding the variable cost per unit with the opportunity cost. In this case where the clock division is not operating at full capacity then the opportunity cost would be considered as $0.
Moreover, the division would be able to avoid a $0.5 cost per clock. Therefore, the variable cost will be $3.50 ($4 - $0.5) after eliminating the $0.5.
Finally, the minimum transfer would as follows:
Minimum Transfer Price = Variable cost + Opportunity Cost
Minimum Transfer Price = $3.50 + $0
Minimum Transfer Price = $3.50
The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
PLEASE ANSWER THESE 3 QUESTIONS I WILL GIVE BRAINLIEST
Answer:
Times of maximum fear is the best time to buy stocks, while times of maximum greed are the best time to sell.
Explanation:
Behind the truism is the tendency of the markets to overshoot on both the downside and the upside. Part of the reason is a pure herd instinct that drives stock prices. The investor who takes an unbiased look at the market might be able to see the herd instinct at work and take advantage of the extreme ups and downs that it causes. That investor can buy low and sell high.
Unfortunately, it's easy to determine after the fact whether a price was too low or too high and even why. During the moment, it is monumentally difficult. Prices both affect and reflect the psychology and emotions of market participants.
For this reason, "buy low, sell high" can be challenging to implement consistently. Traders trying for a more objective view consider other factors to make a more informed decision. These factors include moving averages, the business cycle, and consumer sentiment.
Germany did not allow Walmart to sell some items below cost, an example of how a foreign government can constrain _________, which here made it impossible for Walmart to compete with local discount stores.
Answer: pricing strategy
Explanation:
Pricing strategy refers to method that companies or organizations use in order for them to price their products.
Germany not allowing Walmart to sell some items below cost simply shows an example of how a foreign government can constrain pricing strategy. The reasoning behind this by Germany is to help it's local industries and help prevent it from foreign competition which may end up limiting their growth.
What is it called when a business contributes money, goods or services to an organization or event to gain the publicity related
A news release
B customer loyalty program
C sponsorship
D promotional tie-in
Direct sales of livestock often result in which of the following additional expenses?
A.
Fees for agents
B.
Yardage fees
C.
A substantial loss due to the fact that livestock generally do not travel well
D.
The cost of feeding mature livestock while waiting for the rest of the herd to mature
Direct sales of livestock often result in yardage fees, which are the charges for keeping livestock at feedlot or other facility until they can be sold or shipped.
What are direct sales?Direct sales is a business model in which products or services are sold directly to consumers without the involvement of a retail middleman. This means that the manufacturer or service provider sells directly to the end user through various methods such as door-to-door sales, in-home parties, or through online sales platforms. Direct sales allow for a more personalized shopping experience for the consumer and can often result in cost savings for both the manufacturer and the consumer. Direct sales companies typically use a network of independent sales representatives who are compensated for their sales efforts through commissions and bonuses. These representatives can also recruit and manage their own sales teams, creating a network marketing structure. Direct sales have become increasingly popular due to advancements in technology and the rise of e-commerce.
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the accounting department should only have access to ________ since its function is to
The function of the accounting department is to record and verify changes in money and to do this, the department should have access to financial records.
The accounting department is an important department in all companies that deals with money and registers the changes of it. The functions of the department include:
Verifying money changes are accurate.Registering these changes of money.Moreover, to verify and register all changes in money, this department requires having access to all types of financial records including:
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a copy of the list of checks; record the change in cash. (Accounting 101)
LETS DEBATE AB ABORTION.
Answer:
i dont like the idea of them but if you must get one to survive then do it
Explanation:
True or false?
The law of diminishing returns states that as more variable inputs are added to production, the productivity of these inputs increases.
Answer:
that would be true
Explanation:
30 points please help!
Which of the following are NOT considered employment taxes?
a. real estate taxes
b. social security taxes
c. self-employment taxes
Answer:
B.
Explanation:
Social Security is Payroll Tax.
____ provides an opportunity to gain new information, consider alternatives, develop better solutions to problems, enhance team building, and learn.
The answer to the blank question is CONFLICT.
communicate the strength and direction of the linear relationship between two metric (interval or ratio) variables.
The strength and direction of a linear relationship between two metric variables can be determined using a correlation coefficient.
The correlation coefficient, typically denoted by "r," ranges from -1 to 1. A value close to -1 indicates a strong negative linear relationship, where one variable decreases as the other increases. A value close to 1 indicates a strong positive linear relationship, where both variables increase together. A value near 0 suggests a weak or no linear relationship.
The sign of the correlation coefficient indicates the direction of the relationship. If positive, the variables move in the same direction; if negative, they move in opposite directions.
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THE Leo Frank case is one of the most notorious and highly publicized cases in the legal annals of Georgia. A Jewish man in Atlanta was placed on trial and convicted of raping and murdering a thirteen-year-old girl who worked for the National Pencil Company, which he managed.
what is Revenue ???
Answer:
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit.
Explanation:
Not my answer
Answer:
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Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold.
True or False. Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done.
The answer is true, Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done is true.
In plain English, what is cooperation?A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Shareholders are not held accountable for the company's operations or financial state; rather, the corporation is.
What is cooperation, and what are examples?In order to obtain outcomes, or to help one another out in order to accomplish a shared objective, people must cooperate. When someone delivers you a brick and you put it down, that is an example of collaboration. Assistance that is given voluntarily by a person, group, etc.
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how can supply and demand for different careers affect job stability
Answer:
As the demand for a certain type of jobs increase, the amount of people who are willing to supply their labor also increased. Job that are the most stable and has high payment are the types of jobs that high in demand but low in supply.Personally, I think you should think about supply and demand when determining your career. But, you shouldn't make it your sole criteria.Salary is important. It's provide safety for you and loved ones to fulfill your basic needs. It also allow you to follow a certain type of lifestyle. But, passion and happiness also extremely important. You need to make sure that the job that you do is not taxing your general well being. You need to find balance between the two.
Suppose you invest $1,000 in an account paying 8% p.a. interest with annual compounding.
a) What is the balance in the account after 25 years? How much of this balance corresponds to interest on interest?
To calculate the balance in the account after 25 years with annual compounding, we can use the formula:
FV = PV x\((1 + r)^n\)
where:
FV = future value (balance) of the investment
PV = present value (initial investment) of $1,000
r = interest rate of 8% per year
n = number of compounding periods, which is 25 years in this case (since interest is compounded annually)
Plugging in the numbers, we get:
FV = 1,000 x\((1 + 0.08)^25\)
FV = $6,848.97
Therefore, the balance in the account after 25 years would be $6,848.97.
To calculate the amount of this balance that corresponds to interest on interest, we can subtract the initial investment of $1,000 from the final balance, which gives us the amount of interest earned over 25 years:
Interest earned = $6,848.97 - $1,000
Interest earned = $5,848.97
To calculate the amount of this interest that corresponds to interest on interest, we can subtract the simple interest earned on the initial investment from the total interest earned:
Interest on interest = $5,848.97 - ($1,000 x 0.08 x 25)
Interest on interest = $2,848.97
Therefore, the amount of the final balance that corresponds to interest on interest is $2,848.97.
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