Feb 3: Debit Accounts Receivable for $10,000 and credit Sales Revenue for $10,000 to journalize the sale of $10,000 craft supplies on account to Quizzy Quilts.
To journalize the sale portion of the transaction, we need to record the debit and credit entries. In this case, Homer sold $10,000 of craft supplies on account to Quizzy Quilts, with credit terms of 3/10, n/30. The cost of goods is $3,000.
The journal entry for the sale portion of the transaction would be as follows:
Date: February 3
Account Debit Credit
Accounts Receivable $10,000
Sales Revenue $10,000
Hence, by recording this journal entry, we debit the Accounts Receivable account to recognize the amount owed by Quizzy Quilts and credit the Sales Revenue account to record the revenue from the sale.
Learn more about accounts receivable here:
brainly.com/question/31916177
#SPJ11
Describe the benefits of having a positive attitude.
The primary advantage of a positive attitude is it helps in achieving the objective of life by keeping clear mindsets.
What is a positive attitude?The concept of having a positive mindset is one that desires and predicts success. To bring enthusiasm into one's life and play an active role in society, one must be ready to attempt new things.
It is a mindset that enables you to notice the positive aspects of others and your own successes rather than only the shortcomings, and it contributes to a healthy way of living.
It is said that if an individual sees positivity in surroundings it helps in bringing positivity in other life as well by reshaping their mentality with positive thoughts and creativity.
Those who have an optimistic outlook tend to be wealthier and more socially skilled because they consistently see the good in every circumstance, which facilitates effective communication.
Learn more about positive attitude, here:
https://brainly.com/question/17013068
#SPJ5
Which of the following scenarios best demonstrates an employee being responsible? A. Sophia greets each customer with a smile. B. Juan listens to coworkers and lets them finish talking before he speaks C. Fredrick volunteers to help on a project beyond his normal duties. D. Gabriel stays late after work to finish a task that is due.
Answer:
D. Gabriel stays late after work to finish a task that is due.
Explanation:
The scenario that best demonstrates an employee being responsible is: “Gabriel stays late after work to finish a task that is due.” Hence, option D is correct.
What is the meaning of scenario?Scenarios are purposefully casual, open-ended, and fragmentary narrative representations of important usage circumstances taking place throughout time.
A usage scenario is a description of how a person would employ a current system or product. A design scenario is a description of how a system or product that is currently under development will be used.
In literature, a scenario can refer to a summary of what is happening and the current circumstances. While a scenario and a situation are very similar, the former hasn't occurred and the latter may never do so. scenario definitions a suggested timeline of potential outcomes.
Therefore, option D is correct.
Learn more about scenario from here:
https://brainly.com/question/17129508
#SPJ2
One of the primary goals of farmer movements during the late nineteenth century was:
A) limitations on crop production.
B) the end of sharecropping.
C) regulation of the railroads.
D) support for a deflationary monetary policy.
E) maintenance of the gold standard.
During the late nineteenth century, regulation, particularly regulation of the railways, was one of the main objectives of farmer movements.
One of the primary goals of farmer movements during the late nineteenth century was regulation, particularly regulation of the railroads. While limitations on crop production and the end of sharecropping were important issues for farmers, their main focus was on seeking government intervention to regulate the railroad industry and prevent monopolistic practices that were hurting their ability to transport and sell their crops.
Learn more about movements here
https://brainly.com/question/2856566
#SPJ11
Could someone help me please?
Answer: Yes Definitely. But i need the question
Explanation:
you can get the solution on Brainly straightly.
distinguish between capital intensive and labour intensive
answer:
capital intensive
— industries require a greater amount of machinery to produce the product
labour intensive
— product requires a larger amount of human labor to bring it off
explanation:
ex:
capital intensive
— telecommunications, airlines, automobile manufacturing, oil production
labour intensive
— food service, hospitality, public education, agriculture
credits: online search!
why do competitive markets work better for life insurance than for income insurance?
Answer:Because insurance market is competitive, when companies become profitable, they start adopting a more lenient underwriting criteria and lower their premiums to grab more market share.
Explanation:
Other insurance companies react by adopting the same policies, to prevent their shares taken away or to increase their market share.
an orcharder spends $110,000 to plant pomegranate bushes. it will take four years for the bushes to provide a usable crop. he estimates that every year for 20 years after that he will receive a crop worth $10,500 per year. if the discount rate is 9%, what is the net present value (npv) of this investment? please write your steps.
In this particular problem, The net present value(npv) of this investment is -$42,098.
Explain how to get net present value?
The Net Present Value method is used to determine whether or not long-term projects are profitable. In this calculation, cash inflows less cash outflows are taken into account.
Formula for Net Present value (For Calculator):
= -C₀ + C₁/1+r + C₂/1+r ..... Cₙ/1+r
Using financial calculator,
enter CF0 = -110,000 , CF1 = 0, F1 = 4, CF2 = 10,500 ,
F2 = 20; calculate NPV for I = 9% = -$42,098
Thus, NPV is equal to -$42,098. If inflow is less than outflow i.e., npv is negative, it means that the project should not be accepted. Thus, this project should not be accepted.
To learn more about net present value
https://brainly.com/question/29101718
#SPJ1
Which element of design can be used to create emphasis or de-emphasis on a garment? a space b shape c line d texture please answer this question before moving on.
Emphasis is the phase of the format that catches the viewer's attention. Usually the artist will make one area stand out by using contrasting it with other areas.
The location should be one-of-a-kind in size, color, texture, shape, etc. Movement is the course the viewer's eye takes through the work of art, often to focal areas.
How do you create emphasis in design?Three factors of art: color, value, and texture, are beneficial in creating emphasis through contrast. Using texture in solely one spot or placing a light object in an otherwise dark environment will attract the interest of the viewer.
What system is used for emphasis?Still, specially for academic writing, italics or underlining is the favored way to emphasize phrases or phrases when necessary. Writers generally choose one or the different approach and use it constantly throughout an person essay. In the final, posted version of an article or book, italics are generally used.
Learn more about Emphasis here:
https://brainly.com/question/27961037#SPJ4It is a market structure where firms can only maximize profits by changing output but not price. a. Oligopoly O b. Duopoly O c. Perfect Competition O d. Monopoly O e. Monopolistic Competition A perfectly competitive firm maximizes profit by producing 100 units at an average total cost of $12 and an average fix cost of $5 for a market price of $10. Its profit/loss must be - ,O a. $1000 O b. $1200 O c. -$2000 O d. $2200 Student A says inflation erodes the benefits of growth. Student B says rising employment counteracts the effects of inflation. We can say that - O a. Student B is correct but Student A is wrong O b. Student A is correct but there is not enough info to evaluate Student B's statement O c. Student A is correct but Student B is wrong O d. Neither A or B are correct or wrong Oe. Student B is correct but there is not enough info to evaluate
1. The correct answer is e. Monopolistic Competition.
In monopolistic competition, firms have some control over the price of their products but can only maximize profits by adjusting their output levels. This market structure is characterized by a large number of firms competing with differentiated products.
2. The correct answer is c. -$2000.
To determine the profit/loss of the perfectly competitive firm, we need to compare its average total cost with the market price. Since the average total cost is $12 per unit and the market price is $10, the firm is experiencing a loss. The loss per unit is $2 ($12 - $10), and since the firm produces 100 units, the total loss is $2000.
3. The correct answer is b. Student A is correct, but there is not enough information to evaluate Student B's statement.
Student A is correct in stating that inflation erodes the benefits of growth. Inflation refers to the general increase in prices, which reduces the purchasing power of consumers and can diminish the real value of economic growth. However, without further information about the specific effects of rising employment on inflation, we cannot evaluate Student B's statement.
In this scenario, we have identified the market structure as monopolistic competition and calculated the profit/loss for a perfectly competitive firm. Additionally, we have determined that Student A's statement about inflation eroding the benefits of growth is correct, while there is insufficient information to evaluate Student B's statement regarding the effects of rising employment on inflation.
To know more about Monopolistic Competition, visit
https://brainly.com/question/2891218
#SPJ11
What are the types of partnership and examples of each?
Answer:
here you go
Explanation:
Types of partnerships
General partnership. A general partnership is the most basic form of partnership. ...Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...Limited liability partnership. ...Limited liability limited partnership
reducing risk by combining a large number of small risks whose outcomes are not closely related is called: diversification. gambling. risk-spreading. hedging.
Reducing risk by combining a large number of small risks whose outcomes are not closely related is called: diversification.
The process of allocating capital in finance so as to lessen exposure to any one asset or risk is known as diversification. Diversification is commonly achieved by investing in a variety of assets to reduce risk or volatility.
By diversifying your investments across asset classes, industries, and maturities, you reduce your exposure to market shocks that affect all of your investments in the same way.
Hence, the correct answer is the "First" option.
To know more about Diversification, click here.
https://brainly.com/question/15259776
#SPJ4
Lara spends her days cultivating new hybrid plants that she sells to Jon. Jon uses these plants to feed cattle because the hybrid plants offer better sources of nutrients. Which most likely explains the jobs of Lara and Jon?
Answer:
B.Lara works as a Plant Scientist and Jon works as a Farmworker.
Explanation:
A. Lara works as a Nursery Manager and Jon works as a Grader.
B.Lara works as a Plant Scientist and Jon works as a Farmworker.
C. Lara works as a Forester and Jon works as a Farm Management Adviser.
D.Lara works as a Landscaper and Jon works as an Environmental Engineer.
Lara is a plant scientist
Plants scientist refers to people who study different compositions of soil and the effect of the soil on plants. Plants scientist study how plants grows in different soils, pest control, biological and physical makeup of the soil and plants.
Plants scientist are majorly concerned about how to food production.
On the other hand, Jon is a farm worker who uses the plants cultivated by Lara to feed his cattles because those plants cultivated by Lara are better source of nutrients to his cattles.
Answer:
b.
Explanation:
I know so, I took it.
Opportunity Cost
in order to
v something else.
Opportunity cost is what must be
Opportunity cost forces consume
lucers to make
received
given up
replaced
Who are office chief , sectional chief and assistant in school ?
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
which of the following is a reason why the employment of a resource is inversely related to its price? as the price of a resource rises, the prices of the goods the resource helps produce will rise as well. thus, consumers will turn to cheaper substitute goods, increasing the amount of the resource needed to produce the more expensive good. as the price of a resource rises, the prices of the goods the resource helps produce will rise as well. thus, consumers will turn to cheaper substitute goods, reducing the amount of the resources needed to produce the more expensive good. as the price of a resource rises, the prices of the goods the resource helps produce will fall. thus, consumers will demand fewer of these goods, decreasing the amount of the resource needed to produce the cheaper good. as the price of a resource rises, the price of the goods the resource helps to produce will fall. thus, consumers will demand more of these goods, increasing the amount of the resource needed to produce the cheaper good.
The employment of a resource is inversely related to its price as the price of a resource rises, the prices of the goods the resource helps produce will also rise. Thus, consumers will turn to cheaper substitute goods, reducing the resources needed to produce the more expensive good.
This is because when the price of a resource increases, the cost of producing goods that require that resource also increases.
As a result, consumers may choose to purchase substitute goods that are cheaper, which decreases demand for the more expensive goods.
This decrease in demand for the more expensive goods results in a decrease in the resources needed to produce those goods. Therefore, the employment of a resource is inversely related to its price.
Read more about Employment at https://brainly.com/question/1361941
#SPJ11
What could this sign use on the left side.
Answer:
noce
Explanation:
explain which types of apartments would best suit to friends to plan to become roommates
Answer:
depends
Explanation:
it Depends upon what ur friends like try Planing it while sitting down with each other and talk it out
indicate whether the following statement is true or false and why. a wage rising slower than the rate of inflation is actually falling.
True or False
The given statement, "wage rising slower than the rate of inflation is actually falling" is true because if wages are increasing slower than the average price of goods and services, purchasing power falls.
Purchasing power of money mean the financial ability to buy products and services.
When inflation occurs, the general price level of goods and services increases, meaning that the purchasing power of money decreases. If a worker's wage rises at a rate slower than the rate of inflation, their real income will be decreasing, as they can buy fewer goods and services than they could before. This means that, in real terms, their wage is actually falling.
To know more about inflation
https://brainly.com/question/29308595
#SPJ4
red when choosing a form of ownership
o
Read the scenario below and answer the questions that follow
SHINING STAR BUS COMPANY (PTY) Ltd
Shining Star Bus Company (Pty) Ltd transport passengers to different provinces at a
reasonable price. The management of the company wants to convert the company into a
company that will allow them to sell shares to the public through the Johannesburg
Security Exchange(JSE).
1.6.1 Identify TWO forms of ownership that are represented by the scenario above
Motivate your answer by quoting from the scenario.
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
How do entrepreneurs manage business risk?
Answer:
There's many different things you can do to manage business risks. By paying off loans you're lowering your risk of debt, if you collaborate with other companies you're allowing your company to be discovered by others, expanding your company when you know it won't be extremely risky by doing so, etc. you can also look at things like pros and cons or asking yourself if you have the money to cover what you plan on doing.
Rick has a great idea about a new product to sell. He needs
money to get started building his brand. What type of loan does
he need?
A. Mortgage
B. Business
C. Home equity
D. Auto
Most businesses use __________ networks.
wired
wireless
Answer: wired
Explanation:
wired is the cheapest
Trinity Ltd. wants to obtain debt financing to fund its expansion. What are the different sources from which it can raise this fund?
A. common stock and commercial banks
B. common stock and insurance companies
C. stock brokerage firms and insurance companies
D. preferred stock and stock brokerage firms
Answer:
The correct answer is C.) Stock Brokerage Firms and Insurance Companies
Explanation:
Hope this helps :)
If Ryan purchases a sandwich, he is using money as:
A. a medium of exchange
B. A unit of measure
C. A store of value
Answer:
a. a medium of exchange
Explanation:
i took the test
If Ryan purchases a sandwich, he is using money as a medium of exchange. Thus, the correct answer is option A.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socioeconomic context as payment for goods and services and repayment of debts, such as taxes. It is the medium in which prices and values are expressed.
The primary functions of money are- as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Ryan is purchasing the sandwich with the help of money. Money is exchanged for the sandwich, acting as a medium of exchange.
Therefore, Ryan is using money as a medium of exchange.
To learn more about money, click here:
https://brainly.com/question/14253896
#SPJ2
makes 1000 items a day. each day she spends 8 hours producing those items. if hired elsewhere she could have earned $250 an hour. the item sells for $15 each. production occurs seven days a week. if the explicit costs total $150,000 per month, what is her accounting profit? a. $300,000 b. $60,000 c. $450,000 d. $240,000
The Correct option is A. Her accounting profit is $300000.
Total revenue=1000*15*30=450000
Explicit cost=150000
Accounting profit=450000-150000=300000
An explicit value is a direct payment made to others in the path of walking a commercial enterprise, together with wage, hire, and materials, instead of implicit prices, where no real payment is made. it's miles feasible nonetheless to underestimate these prices, but: for instance, pension contributions and other "perks" should be taken into consideration while considering the cost of labor.
Express fees are tangible fees that seem in a company's well-known ledger and are used to decide profitability. Examples encompass wages, lease payments, utilities, and uncooked materials. Explicit expenses are out-of-pocket expenses—bills that are clearly made. Wages that a company pays its employees or hires that a firm can pay for its workplace are specific prices. Implicit prices are extra subtle but just as critical. They constitute the opportunity price of the usage of resources already owned by means of the company.
To learn more about Explicit cost visit here:
brainly.com/question/30433825
#SPJ4
Complete Question:
A business owner makes 1000 items a day. each day she spends 8 hours producing those items. if hired elsewhere she could have earned $250 an hour. the item sells for $15 each. production occurs seven days a week. if the explicit costs total $150,000 per month, what is her accounting profit?
a. $300,000
b. $60,000
c. $450,000
d. $240,000
What is the purpose of a bank?
A financial investigator
A financial tracker
A financial intermediary
A financial advisor
Financial advisor would be your answer
Apple Corporation issued $1000 bond with yearly and a coupon rate of 4.60%. Imagine you buy a $1,000 face value note at a price of $900. The note matures in 8 years. What would be the yield to maturity of holding this bond?
The YTM assumes the reinvestment of coupon payments at the YTM rate and that there are no other costs or fees associated with the bond.
The yield to maturity (YTM) of a bond is the total return an investor can expect to receive if the bond is held until its maturity date. It takes into account the bond's purchase price, coupon rate, and time remaining until maturity. In this case, you have purchased a $1,000 face value bond for $900, and it matures in 8 years with a coupon rate of 4.60%.
To calculate the yield to maturity, we need to consider the cash flows from the bond. The bond pays a coupon of 4.60% annually, so the coupon payment would be $46 (4.60% of $1,000). In addition, at maturity, you will receive the face value of $1,000.
The YTM calculation involves finding the discount rate that equates the present value of these cash flows to the purchase price of $900. By using financial calculators or spreadsheet functions, you can find that the YTM for this bond is approximately 5.77%.
This means that if you hold the bond until maturity and reinvest the coupon payments at a rate of 5.77% per year, your total return on investment will be equivalent to an annualized rate of 5.77%.
However, please note that the YTM assumes the reinvestment of coupon payments at the YTM rate and that there are no other costs or fees associated with the bond.
Learn more about reinvestment
https://brainly.com/question/30665961
#SPJ11
What two things do many employers use to judge an employee's performance?
A payment system has an average inventory of 50 account billings to process. On most days it completes 10 account billings. Sometimes it gets only 8 account billings completed in a day. Occasionally it is able to complete 15 account billings in one day. But on average it can reliability complete 10 account billings per day. What is the maximum sustainable throughput of this process
The maximum sustainable throughput of this process can be determined by considering the average completion rate and the minimum completion rate.
In this case, the average completion rate is 10 account billings per day. This means that, on average, the process is able to complete 10 account billings daily.
The minimum completion rate is 8 account billings per day. This represents the lowest number of account billings the process can handle in a single day.
To calculate the maximum sustainable throughput, we take the minimum completion rate as it represents the limiting factor. Therefore, the maximum sustainable throughput is 8 account billings per day.
This means that the process can reliably handle a maximum of 8 account billings per day without exceeding its capacity.
learn more about "sustainable ":- https://brainly.com/question/4677073
#SPJ11
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.