Kelly corporation borrows $120,000 from first community bank. How would this transaction be recorded?.

Answers

Answer 1

Answer:

Debit Cash $120,000, credit Notes Payable $120,000

Explanation:


Related Questions

The ______ is when a higher price level reduces the purchasing power of the public's accumulated savings balances. Multiple choice question. international-trade effect real-balances effect price-level effect interest-rate effect

Answers

Answer:

Explanation:

Hi

The price-level effect is regarded as a situation in which the purchasing power of the customer of its total accumulated savings balances.

How does price level affect the purchasing power of a person?

Price level refers to an amount for which a certain product is available for sale. It is assumed that the savings of the consumer who is willing to buy does NOT change in the meanwhile.

If the price level of a product decreases, the net disposable income in the hands of a consumer will ultimately increase. Similarly, when the price level is higher, the net disposable income in the hands of the consumer is reduced, leading to a decrease in its purchasing power.

For example, when the savings of a person is 100 and the Product A costs 50 the consumer buys 2 units; When the prices are increased to 100, now the consumer can buy only 1 unit of Product A, indicating a decrease in the purchasing power of the person.

Hence, the price level effect is when the higher price level reduces the purchasing power of the public's savings.

Learn more about purchasing power here:

https://brainly.com/question/24780427

Brooklyn is paid biweekly. Her annual salary is $63,700. What is her biweekly gross pay?​

Answers

Brooklyn's biweekly gross pay, given the amount that she is paid annually, is $ 2, 450

How to find the biweekly gross pay?

A person's biweekly gross pay is the amount that they are paid every 2 weeks that is not adjusted for taxes and other deductions.

In a year, the number of two week periods are :

= Number of weeks / 2

= 52 / 2

= 26 biweekly periods

The biweekly salary of Brooklyn is therefore :

= Annual salary / number of biweekly periods

= 63, 700 / 26

= $ 2, 450

Find out more on biweekly gross pay at https://brainly.com/question/28772792

#SPJ1

Which one is not a Function in MS Excel?

MAX
ARG
MIN
SUM

Answers

ARG is not a function I’m familiar with in Excel, however I’m familiar with MAX, MIN, and SUM in Excel.

There for the answer is ARG.

A pleasant smile, eye contact, and a firm handshake are examples of _____.
A.crafting a logical argument
B.probingdone
C.nonverbal communication
D.consultative selling

Answers

Answer:

Nonverbal Communication

C nonverbal communication

PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS

PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS

Answers

The second one, a walkabout is NOT a form of learning the United States has used

English Approach to Delivery of Possession

Answers

The English approach to the delivery of possession involves two key concepts: "actual possession" and "constructive possession." In this approach, the transfer of property ownership requires the physical delivery of possession from the seller to the buyer.

Actual possession occurs when the buyer takes direct physical control of the property, such as receiving the keys to a house. Constructive possession, on the other hand, takes place when the seller provides the buyer with the means or opportunity to access and control the property, such as handing over legal documents.

In both cases, the transfer of possession is a crucial aspect of the English property law, ensuring the buyer's legal rights and protections.

To know more about possession, refer to the link:

https://brainly.com/question/28262043#

#SPJ11

Which of the following is not a factor that indicates a business enterprise that establishes a variable interest entity (VIE) should consolidate such VIE with its own financial statements?
a. The business enterprise establishing a VIE has the obligation to absorb potentially significant losses of the VIE.
b. The business enterprise establishing a VIE receives risks and rewards of the VIE in proportion to equity ownership.
c. The business enterprise establishing a VIE has the right to receive potentially significant benefits of the VIE.
d. The business enterprise establishing a VIE has power through voting rights to direct the entity's activities that significantly impact economic performance.
e. The business enterprise establishing a VIE is a primary beneficiary for the VIE

Answers

Factor b, indicates that the business enterprise receives risks and rewards of the VIE in proportion to its equity ownership.

This factor suggests that the business enterprise has a passive investment in the VIE rather than control or significant involvement. As a result, this factor does not indicate the need for consolidation of the VIE with the business enterprise's financial statements.

Factors a, c, d, and e are all indicators that a business enterprise should consolidate a variable interest entity (VIE) with its own financial statements. These factors align with the criteria outlined in accounting standards such as ASC 810 in the United States.

Hence, the correct answer is b. The business enterprise establishing a VIE receives risks and rewards of the VIE in proportion to equity ownership.

Learn more about VIE here : brainly.com/question/30777623

#SPJ11

supreme inc. offers a 3-year extended warranty for all its products. on january 1, of the current year the company collects $45,000 relating to extended warranty contracts. what entry should supreme make on december 31, of the current year?

Answers

Journal Entry: Debit $45,000 from cash and credit it to deferred revenue.

The business must report $15,000 in deferred revenue and $15,000 in revenue from an extended warranty. The money that has been paid for the extended warranty contracts but has not yet been earned is shown as deferred revenue in the balance sheet. The money that has been made from the extended warranty contracts is shown in the revenue—extended warranty account.

Calculation:

Deferred revenue = $45,000 - $30,000 = $15,000

Revenue - extended warranty = $30,000

The $30,000 indicates the revenue generated by the extended warranty agreements. This is computed by deducting the amount that has not yet been earned ($15,000) from the total amount collected ($45,000.)

To know more about deferred revenue, refer to this link:

https://brainly.com/question/15184835

#SPJ4

What’s the answer???

Whats the answer???

Answers

Answer:

I am not sure but I think it would be B right?

Explanation:

Because she already has $10 to go to the movie right, so she would use that 10 dollars to go to the movie with her friend?

Suppose that professor johnson is negotiating a new contract with the university of wisconsin-madison. If she would like the purchasing power of her income to increase by 2 percent in the coming year, and she expects the inflation rate to be 1. 8 percent over the same period, by how much should she request her income to be increased?.

Answers

She asks for an increase in pay of 3.94%.

By inflation, what do you mean?

Inflation is the steady increase in prices over a long period of time. Prices have generally gone up or the cost of living in a country has gone up. Examples of broad metrics of inflation include these.

How is the rate of inflation determined?

The statisticians compare the index's value over one time period to its value over another period, such as month to month to calculate the monthly rate of inflation, quarter to quarter to calculate the quarterly rate, or year to year to calculate the annual rate.

Which three primary types of inflation are there?

The three types of inflation that are sometimes distinguished are demand-pull, cost-push, and built-in. The two inflation indices that are most frequently used are the Consumer Price Index and the Wholesale Price Index.

To know more about inflation visit:

https://brainly.com/question/28190771

#SPJ4

What laws should be removed?

Answers

Determining which laws should be removed requires a comprehensive analysis of the legal system, including consideration of societal values, current needs, and potential impacts. It is not possible to provide a specific list of laws to be removed without a clear context or criteria.

The decision to remove laws should be based on a thorough evaluation of their effectiveness, relevance, and impact on society. It is crucial to consider various factors, such as changing social norms, technological advancements, economic considerations, and public safety. Additionally, laws that are outdated, redundant, or no longer serve their intended purpose may be considered for removal.

However, identifying specific laws to be removed requires a comprehensive review and analysis by legal experts, policymakers, and stakeholders. The process involves weighing the potential consequences, societal implications, and the need for alternative measures or replacement legislation.

Furthermore, the identification of laws to be removed should involve public input, democratic processes, and consideration of diverse perspectives. It is important to engage in open dialogue, consult with experts, and conduct thorough research to ensure that any decisions to remove laws are well-informed and consider the best interests of society as a whole.

Learn more about democratic processes here:

https://brainly.com/question/16236419

#SPJ11

14

Select the correct answer.

Additional education is typically required to enter fields of law.

A.

True

B.

False

Answers

The answer should be B. False

The importance of flower farming is increasing day by day in nepal. Justify this statement. please write long ans​

Answers

Answer:

Prior to 1990, there were a number of nurseries within the valley as well as a few outside that cultivated flowers, but the trend then was more towards producing potted plants, seeds, bulbs and suchlike. There was no large market for cut flowers of the variety available now, in part because there was very little demand due to a lack of market exposure to cut flowers. People in Kathmandu just did not use them on a regular basis. According to nursery owners, there was at that time only a small demand amongst the expatriate community and amongst the Indian community. On November 15 1992 however, the Floriculture Association of Nepal or FAN was formed, and this marked the beginning of the floriculture industry in Nepal.

FAN was formed by 11 nursery owners with the objective of promoting and enhancing the floriculture industry and the emergence of flowers in the Katmandu market can in fact be attributed to the training in flower arrangement that FAN conducted in 1993. Following this training, they initiated the opening of a wholesale market and the support FAN gave to the organization 'Women in Floriculture' project enabled several entrepreneurs to set up flower retail outlets. This supply driven demand resulted in flowers being made available in the market and the market responded by taking up this supply. Business has since improved as demonstrated by the change in demand from around 100 rose stems a day in 1992 to 3000 stems in 2003 and from 100 gladiolus stems  in 1992 to 6000 in 2003. Figures from FAN put the total sale of cut flowers at 10 million in 1992, which went up to 70.2 million in 2003.

The domestic market for cut flowers is in fact increasing according to Suresh Bhakta Shrestha of Standard Nursery in Bansbari. He says that in 1993 150 thousand Nepali Rupees was the total turnover for all the shops that sold flowers in Kathmandu. This figure is now around 80 to a 100 thousand Rupees per month per shop! Latest figures also suggest that there are there are currently around 300 nurseries and 40 retail shops within the Kathmandu valley. This information suggests that floriculture has grown very rapidly and that the flower culture here continues to grow.

Explanation:

which of the following is not a reason why real gdp can be expanded beyond a level consistent with its long-run growth path in modern keynesian analysis? the existing capital stock can be used more intensively. in the short run, existing workers can work more hours. prices and wages are flexible, allowing for needed adjustments. higher prices induce firms to hire more workers.

Answers

The term that is not a reason why real GDP can be expanded beyond a level consistent with its long-run growth path in the modern Keynesian analysis is: "Prices and wages are flexible, allowing for needed adjustments." This is because Keynesian analysis emphasizes the inflexibility of prices and wages in the short run, which can cause fluctuations in real GDP.

The "higher prices induce firms to hire more workers." This is not a reason why real GDP can be expanded beyond a level consistent with its long-run growth path in modern Keynesian analysis. In fact, higher prices can lead to inflationary pressures and a contraction of output in the long run.

The other options - using the existing capital stock more intensively, having existing workers work more hours, and having flexible prices and wages - are all ways that real GDP can be expanded in the short run without causing long-term damage to the economy.

Learn more about GDP here:

https://brainly.com/question/30111703

#SPJ11


7. Choose if the product is a Good, a Service, or Both.
buying a bicycle
getting a back massage
getting the plumbing fixed in your house
use of a smartphone app
buying a new AC unit for your house
buying a hamburger
getting your taxes completed by a tax firm

Answers

Answer:

1 buying a bicycle it's a good

2 getting a back message it's a service

3 getting the plumbing fixed in your house it's a service

4 use of a smartphone app it's a service

5 buying a new Ac unit for your house it's a service

6 buying a hamburger it's a good

7 getting your taxes completed by a tax firm it's both

Rina has decided to contribute to an annuity. She will contribute $300 per month for ten years. Her investment advisor helped her find an annuity that will earn 6% annual interest. How much interest will the annuity yield?

Answers

If you bought the annuity at age 65 and started receiving payments right away, it would pay you about $1,437 per month for the rest of your life. The conventional annuity formula, according to Trusted Choice, is F = P * ([1 + I]N - 1)/I.

Where P is the payment amount. I is equivalent to the discount (interest) rate. There will be N payments; the "" denotes that N is an exponent. An annuity is calculated using the following formula: Future Value of an Annuity is calculated using the formula C (((1+i)n - 1)/i), where C represents the regular payment, i represents the yearly interest rate or discount rate in decimal form, and n is the number of years or periods.

To learn more about Future Value, click here.

https://brainly.com/question/14860893

#SPJ4

If the liabilities of a business are Rs.7,50,000 and the capital is Rs. 8,50,000. Find the total assets.

Answers

Rs 1600000

Explanation:

accounting equation= asset= liability+capital

Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $27,500 debit balance. The company’s May 31 bank statement shows $25,800 on deposit in the bank. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,600. May 31 cash receipts of $6,200 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $600 NSF check from a customer; the company has not yet recorded this NSF check. Prepare a bank reconciliation for the company using the above information.

Answers

Answer:

Please see solution below

Explanation:

Bank reconciliation as at June 31st.

•Bank statement balance  

$25,800

Add:

Bank service charges

$100

NSF check

$600

Wrong drawn

$400

Total        

$1,100

Adjusted bank balance

$26,900

Bank reconciliation as at June 31st.

•Cash book balance

$27,500

Add: outstanding checks

$5,600

Balance    

$34,100

Less: deposit in transit

($6,200)

Adjusted book balance

$26,900

does the interest rate hikes by the fed affect the current financial situation of a company? if so, how?

Answers

Yes, interest rate hikes by the Fed can affect the current financial situation of a company.

When the Fed increases interest rates, borrowing costs for companies increase. This means that companies may have to pay more to borrow money to fund their operations or investments.

As a result, companies may cut back on investments or slow down growth, which can impact their overall financial performance. Additionally, higher interest rates can also affect consumer spending, as it becomes more expensive for individuals to borrow money for big purchases like cars or homes.

This can result in decreased demand for products or services, which can also impact a company's financial situation. Therefore, it is important for companies to monitor the Federal Reserve's interest rate decisions and make adjustments to their business strategy accordingly.

To know more about interest rate refer here:

https://brainly.com/question/14445709#

#SPJ11

what should managers know about communication in the workplace

Answers

The things that managers should know about communication in the workplace is: Communication can help build strong relationships at workplace.

What is communication?

Communication can be defined as the way in which people tend to interact with one another. Communication can be inform of written or oral communication.

Effective communication is essential in a workplace based on the fact that it can help  people to build relationship at a workplace . Based on this the manager should know that effective communication can as well help to foster trust among employees.

Therefore effective communication is essential at workplace.

Learn more about  communication here:https://brainly.com/question/26152499

#SPJ1

PLEASE HELP

Match each profession with its usual work environment.
1. Solar photovoltaic installer
2. Ironworker
3. Construction manager
4. Cement mason

A.Roof of a building
B.Outdoors at great heights
C.Outdoor job site
D.Field office

Answers

Answer:

1.) Solar photovoltaic installer - a. roof of a building

2.) Ironworker - b. outdoors at great heights

3.) Construction manager - d. field office

4.) Cement Mason - c. outdoor job site

Explanation:

please correct me if I'm wrong

Taking money to allow someone to get what they want is a(n) ___ choice
ethical
unethical
neither

Answers

Answer:

its b, unethical

Explanation:

fix your grammer

Answer:

Unethical

Explanation:

Imagine yourself later on down the line knowing that you did something that you can't undo. Think before you react!!! People are challenged every day, but it's up to you to make that right decision.

Firms do not usually get rewarded by diversifying investments in different lines of business because ________.

Answers

Investors can diversify themselves by holding securities in a variety of companies they do not need the firm to do it for them.

As a result, firms are typically not rewarded for diversifying their investments across different business sectors.

By spreading investments throughout  different asset classes, industries, and other categories, diversification is a technique for lowering risk. By making investments in various sectors that would each respond to the same event differently, it seeks to minimize losses.

Diversification is the most crucial element of achieving long-term financial goals while minimizing risk, according to the majority investors and  professionals, despite the fact that it cannot guarantee against loss.

To learn more about diversification click here:

https://brainly.com/question/4228889

#SPJ4

_____ is/are a source of information about potential customers for new salespeople.

Answers

Prospects are a source of information about potential customers for new salespeople.

A prospect is a potential customer or client that a salesperson or business is interested in selling to. Prospects can come from a variety of sources, including referrals from current customers, lists of leads purchased from third-party vendors, and networking events. For new salespeople, identifying and reaching out to prospects can be a crucial first step in building a customer base. Prospects can provide valuable information about their needs, preferences, and budgets, which can help salespeople tailor their pitches and offerings to better meet those needs.

In addition to providing sales leads, prospects can also help salespeople build relationships and establish a reputation in their industry or market. By effectively managing their prospect lists, salespeople can maximize their chances of success and build a sustainable pipeline of potential customers.

To learn more about Potential customer, click here:

https://brainly.com/question/31034985

#SPJ11

Trade discount is given to encourage buyers make purchases in ____ quantities.

Answers

Answer:

Bulk

Explanation:

Trade discount is the reduction in the retail price of products that arises from bulk sales or purchases.

please please.pleas help me

What are the advantages and disadvantages of consulting

NO LINKS!!!​

Answers

Answer:

Advantages of Being a Consultant:

You can learn many skills

Consulting allows you to build a powerful network

You get responsible tasks from the beginning

Perfect if you like to travel

You learn to work with the latest technologies

You can work in project teams

Consulting allows you to see many new things

You can work with many clients

Continuous training

You can work with other motivated people in consulting

Consulting teams support each other

You work on demanding projects

Good for your CV

You learn how to deal with stress

Consultants can earn pretty good money

Great exit options

You can work on many projects

Consulting never gets boring

Explanation:

Disadvantages of Being a Consultant:

Pressure in consulting can be high

Strict deadlines are a problem

You will be pushed to your boundaries

Consulting can imply working long hours

You may be away from home during the week

Being a consultant can be lonely

Some people develop mental issues

No real work-life balance

Problematic in case you have children

You have to represent the company

Many of your colleagues will leave

Insecurity regarding what comes next

Great swings in workload

Unsatisfying outcomes

Success greatly depends on the project manager

What are the three questions you need to ask yourself before you start investing

Answers

Explanation:

Is the seller licensed?

Is the investment registered?

How do the risks compare with the potential rewards?

Do you understand the investment?

During and after a snowstorm, there will be both route and schedule changes for
the hospital employee bus. The bus will run 15 minutes early, so in the first stops
(at Artesian and Riverdale), the bus will be approximately 10 minutes early. These
stops are on a hillside, so please wait at the top of the hill, so that the driver can
stop safely. When the driver approaches, step back from the curb. The driver will
stop away from the snowdrifts on the side of the road, so next check for traffic,
walk carefully to the bus, and board from the street. Once on the bus please
proceed quickly as far back as possible so we do not block traffic. The bus will not
stop at Bellevue Square or the Stadium. Employees usually boarding at those
places will be picked up at the Eastdale Mall stop, which will be approximately 5
minutes early. The final stops, at Robinson and Clark, will be about 5 minutes
behind schedule. Ice storms may cause the shuttle service to be canceled for a
period of time. Listen to your local radio station after an ice storm. When
cancelations occur, you will receive an email announcement, and it will also be
announced on the local radio station.

Answers

The TTC has established a plan to ensure bus, streetcar, subway and Wheel-Trans service is maintained during a significant snow storm.

What is a snow storm?

When wind and specific types of precipitation—such as snow, mixed snow and rain, or freezing rain—occur simultaneously at below-freezing temperatures, the phenomenon is referred to as a winter storm.

These storms can happen at any time of year in temperate continental areas, not just in the winter. They can also happen in the late autumn and early spring.

Blizzards are defined as snowstorms with high winds and other conditions that meet specific requirements. Storms that produce significant snowfall are called snowstorms.

Traffic and school transportation can be severely disrupted by just 2 inches of snow. This is especially true in areas where huge accumulating snowfalls can happen but snowstorm is not usually common.

Learn more about snow storm, here

https://brainly.com/question/29697260

#SPJ1

An employee is offered a promotion. Before accepting the promotion, the employee evaluates how the long hours and increased responsibility will impact her family. Which model best describes this approach

Answers

The model that best describes the approach of an employee evaluating the impact of long hours and increased responsibility on her family before accepting a promotion is the Work-Life Balance Model.

The Work-Life Balance Model best describes the approach of an employee evaluating the impact of a promotion on her family. This model recognizes the importance of balancing work responsibilities with personal and family commitments. It takes into consideration the employee's desire for a fulfilling career while ensuring that their personal life remains harmonious.

The Work-Life Balance Model emphasizes the need to assess how work-related changes, such as longer hours and increased responsibility, will affect family dynamics, personal well-being, and quality of life. It recognizes that employees make decisions based not only on professional advancement but also on maintaining a healthy work-life balance.

By considering the potential implications on her family, the employee is aligning her decision-making process with the principles of the Work-Life Balance Model, demonstrating a thoughtful evaluation of the promotion offer in the context of her family's well-being.

Learn more about family dynamics here:

brainly.com/question/15386039

#SPJ11

A bookstore costs $90 a day to keep open, and spends $12 for each book it sells. The store charges $18 for each book it sells. If n represents the number of books sold, which equation represents the cost function for this bookstore?
O A. C = 90n + 15
O B. C = 12n + 90
O C. C = 18n + 90
O D. C = 90n + 12​

Answers

Answer:

The correct answer is B just got it right on ape

Explanation:

Other Questions
3/4+ (-2)+ (- 1/4) I need this answer 23. Explain the process of removing a president from office. What role does the House ofRepresentatives play? What role does the Senate play? Explain the concept of "Trading Post Empires" in your own words; provide examples of how these operated. Two parallel lines are cut by a transversal as shown below.Suppose m /6=78. Find m Z1 and m / 3. Which pathways are part of the Human Services career cluster? Select all that apply.o Counseling and Mental Health Serviceso Support Serviceso Family and Community Serviceso Early Childhood Development and Serviceso Therapeutic Serviceso Consumer Serviceso Personal Care Services On a beautiful spring day in New York City, a tour bus operated by Take a Ride, Inc. was driving through Times Square. Two tourists seated in the middle section of the bus began arguing very loudly. To prevent a situation that could escalate into a physical fight, the bus driver turned around to calm the passengers. Next, the bus veered off the dedicated bus lane and into the bicycle lane, hitting Peter (he/him) who was riding his bike in the bus lane of the road. Peter was thrown to the ground and suffered severe injuries, including two broken legs and a shattered arm. In the collision, the front wheel flew off Peter's bicycle and rolled 5 blocks down the street, hitting Myra (she/her), who was walking down Broadway looking at the theaters and hoping they would open soon. Myra fell over the wheel, causing her to suffer a severe concussion and facial injuries. Both Peter and Myra sued the Take A Ride, Inc. for their injuries, each claiming damages of over $1,000,000. In Peter's lawsuit against Take A Ride, Inc., judgment for whom and why at highway speeds, a particular automobile is capable of an acceleration of about 2.0 m/s2m/s2 . part a at this rate, how long does it take to accelerate from 65 km/hkm/h to 130 km/hkm/h ? 2. Which of these best defines environmental ethics? A. The moral relationship between human beings and the environment, including non-human life formsB. The moral relationship between human beings who have an ethical standard about the environmentO C. The way non-human life forms relate to their natural environmentO D. A movement where people think of better ways to deal with environmental issues0 Mark for review (Will be highlighted on the review page) linking together one glucose, one mannose, and one galactose molecule can form how many different trisaccharides? 1. We can buy bread at the store. Find the complete predicate and the verb The number of goals a hockey team scores over the first 7 games of the season2,0,1,3,0,2,2 Which of the following statements are true? There may be more than one correct answer. A. vA B. wA c. A D. lA E. {l}A F. {v}A G. {w}A H. {l,v}A Theresa ran 7.56 miles this week. Write her distance as a mixed number and as an improper fraction. only in simplest form The solution in a titration experiment whose concentration isknown is called thea standard solutionb acidc indicatord base how did john steven arrive in hawaii An opening bid or a target point are what a negotiator wants, but ________ are why the negotiator wants them. group of answer choicesa. issues b. batnas c. goals d. interests Refer to the general topics that any risk management plan should address. The needs of the project will determine the level of detail to be included in the risk management plan. Discuss the topics addressed in a risk management plan and relate these topics to the case study project. in an interview, _____ encourage spontaneous and unstructured responses. Romeo & Juliet explain foreshadowing in act 1 scene 4, lines 106-111 & scene 5, line 133