Lucile Xi started a new outdoor clothing company in Year 1 . The business experienced the following events during its first year of operation. Assume the new company uses the perpetual inventory system. 1. Acquired $122.000 cash from the issue of common stock. 2. Purchased clothing merchandise for $62,000 cash. 3. Sold clothing costing $36,000 for $77,000 cash. Record this transaction as two separate events (3a \& 3b).

Answers

Answer 1

The new outdoor clothing company started by Lucile Xi acquired $122,000 cash from the issue of common stock, purchased clothing merchandise for $62,000 cash, and sold clothing costing $36,000 for $77,000 cash.

Lucile Xi's new outdoor clothing company experienced the following events during its first year of operation: Acquired $122,000 cash from the issue of common stock. Purchased clothing merchandise for $62,000 cash.Sold clothing costing $36,000 for $77,000 cash (3a) and the second event (3b) is the calculation of gross profit, which is $77,000 (revenue) - $36,000 (cost) = $41,000. The perpetual inventory system will record each inventory item in stock as well as the cost of each item. Therefore, Lucile Xi's company's balance sheet will display a merchandise inventory worth $26,000 ($62,000 - $36,000), and her income statement will show a gross profit of $41,000.

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Related Questions

n the problem solving process, the final step is to try to ______. a. Generate multiple solutions b. Review your results c. Decide on a solution d. Evaluate your choices Please select the best answer from the choices provided A B C D

Answers

In the problem solving process, the final step is to try to Evaluate your choices.  D. Evaluate your choices is the correct answer.

In the problem-solving process, the final step is to evaluate your choices. After generating multiple solutions, reviewing the results, and deciding on a solution, it is crucial to assess the effectiveness and feasibility of the chosen option. Evaluation allows for reflection on the outcome and its impact, helping to determine whether the solution effectively addresses the problem and achieves the desired goals.By evaluating the choices, individuals or teams can assess the strengths and weaknesses of the solution, identify any unforeseen consequences, and make adjustments if necessary. It provides an opportunity to gather feedback, analyze the results, and determine if the chosen solution met the desired criteria and objectives.Evaluation is a critical step as it ensures continuous improvement and learning from the problem-solving process. It allows for adjustments, modifications, and refinements, enhancing future problem-solving endeavors.

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A Web site's Terms of Use grants the Web site the right to do what?
0
use your personal information in its advertisements
O sell its users' personal information to third parties for them to market to specific customers
O use its users' posts and photographs to gather information about its consumers
o both the first and third answers

Answers

it might be d because b isnt correct and the A and c are correct so im thinking therfor the answer is d

Answer:

both the first and third answers

Explanation:

I tried answering "use its users' posts and photographs to gather information about its consumers" and it was wrong, and then I retook the quiz and answered "sell its users' personal information to third parties for them to market to specific customers" and it was wrong. I know they can sell your information to make targeted ads, so it must be the answer that says "both the first and third answers".

What Resident Evil games do you guys love and what monster or boss is your favourite inside that game.

a. Resident Evil 1
b. Resident Evil 2
c. Resident Evil 3
d. Resident Evil 4
e. Resident Evil 5
f. Resident Evil Revelations
g. Resident Evil Revelations 2
h. Resident Evil 0
i. Resident Evil 7
j. Resident Evil 1 REmastered
k. Resident Evil 2 REmake
l. Resident Evil 3 REmake

Answers

Answer:

i-

totally business studies

Explanation:

no comment

Answer:

b. Resident Evil 2

Explanation:

Mr X (Tyrant) is my favorite boss in RE2:)

Research ________ are specific, measurable goals the decision maker seeks to achieve in conducting the marketing research

Answers

Answer:

Research objectives are specific, measurable goals the decision maker seeks to achieve in conducting the marketing research.

Explanation:

Marketing research serves marketing management by providing information which is relevant to decision-making. Marketing research does not itself make the decisions, nor does it guarantee success. Rather, marketing research helps to reduce the uncertainty surrounding the decisions to be made.

20 POINTS FOR THE ANSWER
Choose a specific technological advancement from the list presented. Once you have chosen, research its impact on the evolution of media in relation to design. Make sure to cite your sources too!
Possible choices:
Johannes Gutenberg and the printing press
Pi Sheng and movable type
Saul Bass and movie credit design
Paul Rand and corporate identity systems
Digital printing
Digital photographic editing
Linotype typesetting machine

Answers

Digital printing is best used for items that require high amounts of detail and smaller quantity orders. Unlike conventional printing, there are no pre-press stages between the digital document files and the final product; there is also no need for messy formatting equipment like film plates or photo chemicals.

What is the evolution of printing?

The printing is credited as the earliest form and was first developed in China around 200AD. As the name suggests, it involves carving a design into a block of wood. Once the wood is carved, the raised part is then inked and paper is placed on top.

It's been 20 years since Israeli Benny Landa revolutionized the printing industry with the advent of digital printing, and industry watchers say the inventor may have repeated the feat with a new product unveiled.

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how much do you have to go to work for a baby delivery nurse job (not being lazy actual question for my career research elective)

Answers

Answer:

Alot

Explanation:

It depends on how you go about getting your RN

If the certificate of limited partnership that is filed with the secretary of state is substantially defective, a general partnership is created.

a. true
b. false

Answers

A).If the certificate of limited partnership that is filed with the secretary of state is substantially defective, a general partnership is created. The statement given above is true.

What is a general partnership? A general partnership is a business structure in which two or more people share ownership and liability for the business. A general partnership is an agreement between two or more persons (partners) to conduct business together for a profit. A limited partnership is a business arrangement in which only one partner is held responsible for the debts incurred by the company. The other partners, known as limited partners, are only liable up to the amount of money they've invested. When a certificate of limited partnership is filed with the secretary of state, it creates a limited partnership, not a general partnership.

However, if the certificate of limited partnership is significantly defective, the partnership is deemed a general partnership. As a result, all partners are equally responsible for the partnership's debts and obligations. As a result, option a is correct (True).

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Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.


The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.




Yes, the court will look to cases that have already been decided in deciding Jackson's case.



No, the court will start with a clean slate in reaching a decision regarding Jackson's case.

Answers

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

I did the assignment in edge 2021.

Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

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What the most challangeing thing about righting a memo

Answers

Answer: The most challenging part of writing this memo was to ensure that it doesn’t offend or demean any employees. It was also a challenge to convey the message in a tone that is both formal and polite, so the recipients understand the reason for the change in the dress code.

Which phrase best completes the diagram?

A) Unlimited liability
B) Few employees
C) Complex regulations
D( Multiple owners

Which phrase best completes the diagram?A) Unlimited liabilityB) Few employeesC) Complex regulationsD(

Answers

Answer:

D) Multiple owners

Explanation:

if it's a partnership there's more than one owner and if it's a corporation, controlled by shareholder"S" then i don't know, they'd both have multiple owners in common??

Multiple owners best complete the diagram. The correct option is D.

How is ownership divided in a partnership?

Profits, liabilities, and management responsibilities are assumed to be distributed equally among partners in general partnerships. If you choose an unequal distribution, the partnership agreement needs to specify the percentages that were given to each partner.

A corporation is a type of business organization that is owned by shareholders, who own a portion of the company through the purchase of stocks or shares. Because a corporation is owned by multiple shareholders, it is a form of business that is considered to be separate from its owners, or shareholders, in terms of legal liability and management.

This means that the corporation can enter into contracts, own assets, and be sued or sue others in its own name, rather than in the name of its individual shareholders. The shareholders of a corporation elect a board of directors, who are responsible for making decisions about the management and direction of the company.

Thus, the ideal selection is option D.

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Why are decisions involving the environment difficult to make?

Answers

Answer:

its like a domino effect, (you) make a choice to help one biome, that can strongly effect the animals within that habital, wheter its good or bad. like, for example, x animal is going extenict, so there is mass breeding of that animal; which leads to a huge shortage of producers and whatever is below that animal in the food chain, ultimitly causing more harm.

Explanation:

The Home and Garden (HG) chain of superstores imports decorativeplanters from Italy. Weekly demand for planters averages 1,500 witha standard deviation of 800. For convenience, we assume that thedemand follows Normal distribution. Each planter costs $10. HGincurs a holding cost of 25% per year to carry inventory. HG has anopportunity to set up a superstore in the Phoenix region. Eachorder shipped from Italy incurs a fixed transportation and deliverycost of $10,000. Consider 52 weeks in the year.a) What is the optimal order quantity of planters for HG?(b) If the delivery lead time from Italy is 4 weeks and HG wantsto provide its customers a cycle service level of 90%, how muchsafety stock should it carry?(c) Fastship is a new shipping company that promises to reducethe delivery lead time for planters from 4 to 1 week using a fastership and expedited customs clearance. Using fast ship will add $0.2per unit shipping cost in addition to the current delivery cost of$10,000. Should HG go with Fastship? Why? Quantify the impact ofthe change.

Answers

HG should go with Fastship since it will result in a better customer experience by providing a quicker delivery.

The optimal order quantity of planters for HG is determined by the EOQ (Economic Order Quantity) equation which is Q* = Square root of (2DS/H) where D is the demand, S is the ordering cost and H is the carrying cost.

For the given example, Q* = Square root of (2*1500*10000/0.25) = 8,944.

For the cycle service level of 90%, the safety stock required is equal to (z*σ√t) where z is the z-score for 90% confidence level, σ is the standard deviation of the demand and t is the lead time. For the given example, the safety stock required is (1.28*800*2) = 2,048.

Also, the order quantity will reduce to 6,831 (Q* = Square root of (2*1500*12000/0.25)) leading to a cost reduction of $10,000. The total savings in inventory costs will be $18,000 (25% of $72,000) due to reduced order quantity.

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1.2.
State which environment unions are found in.​

Answers

United state maybe cause you said which state ;-;

Have you ever bought something you thought would make you happy, but in the end it didn't?

Answers

Answer:

ummmmmmmmmm yea, but it's all cool now hbu

Consider two countries, Japan and Malaysia. Japan devotes a smaller portion of its production to capital. All other things equal, which of the following statements is most likely true? Select one: O a. Japan will move up its production possibility curve faster than Malaysia. O b. Malaysia's production possibility frontier will shift up and out farther and faster than Japan's. O c. Malaysia is producing inside its production possibility frontier, whereas Japan is producing at a point on its production possibility frontier. O d. Japan is a poorer country than Malaysia.

Answers

Option(C) is the correct answer. The statement true about the Japan and Malaysia is c. Malaysia is producing inside its production possibility frontier, whereas Japan is producing at a point on its production possibility frontier.

This statement suggests that Malaysia is not utilizing its full production potential and is operating below its production possibility frontier, while Japan is operating at a point on its production possibility frontier, meaning it is efficiently utilizing its available resources.

The information given about Japan devoting a smaller portion of its production to capital suggests that Japan may have a more capital-intensive economy compared to Malaysia. This could mean that Japan has a higher level of technological advancements, infrastructure, and capital investments in its production processes, allowing for more efficient utilization of resources and higher productivity levels.

However, it is important to note that the given information does not provide enough context to make definitive conclusions about the relative wealth of the two countries (option d) or the specific rates at which they move along their production possibility curves (option a or b).

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A class with 9 students went to local museum. Each student bought a general admission ticket for $10.Each special exhibit at the museum costs the same price, and 2 students bought 4 special exhibit tickets each, while 7 students bought 3 special exhibit tickets each. The total cost for the general admission tickets and the special exhibit tickets was $177.00. What is the cost, in dollars, of each special exhibit ticket?

Answers

Answer:

3

Explanation:

Total number of students = 9

Admision ticket cost = $10

Let cost of special exhibit ticket cost x

2 students ecah bought 4x

7 students each bought 3x

Admission. Cost + exhibit ticket cost = total cost

(10 * 9) + (2 * 4x) + (7 * 3x) = 177

90 + 8x + 21x = 177

29x = 177 - 90

29x = 87

x = $3

Who's your favorite music artist?

Answers

Answer:

well i like kpop but i cant seem to choose between the groups txt, nct and ateez

Explanation:

Williams & Co. is a medium-sized CPA firm enrolled in the Private Companies Practice Section (PCPS). The firm is to have a peer review under the AICPA Peer Review program. The review will most likely be performed by

Answers

Answer:

The correct answer will be "Another CPA firm".

Explanation:

CPA seems to be essentially a corporation that is accredited by such a professional accountant throughout the community wherein the individuals work and now own, at least to some extent. The CPA trademark would be an awareness of the strength, and indeed the company and therefore its representatives would use that logo only in conformity throughout our applicable regulations for trade secrets. These companies are made up of auditors who perform both domestic and international audit responsibilities.

a service was performed for a client with payment due in 30 days what accounts are affected

a) debit Capital, Credit bank
b) debit accounts receivable, credit capital
c) debit Bank, credit accounts receivable
d) credit accounts payable, debit capital ​

Answers

Answer:

b) debit accounts receivable, credit capital

Explanation:

Performing service is part of normal business activities. It generates revenue for the business.

Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.

The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.

How can you use feedback from your clients?
a. To practice reflective listening
b. To improve your effective communication
c. To improve your trust and rapport with your clients
d. To improve your skills and craft

Answers

the answer is d : the last one

blank checks group of answer choices should be safeguarded. should be pre-signed. do not need to be safeguarded since they must be signed to be valid. should not be pre-numbered.

Answers

Blank checks should be safeguarded to ensure proper financial security and to prevent unauthorized usage. It is important to keep them secure and avoid pre-signing or any other actions that could lead to potential misuse or fraud.

Blank checks are checks that have not been filled out or signed yet. They are typically issued by individuals or businesses to authorize payments but leave the specific details blank until they are needed. Blank checks should be securely stored and safeguarded to prevent unauthorized access and potential misuse.

Leaving blank checks accessible to unauthorized individuals can lead to check fraud, identity theft, and unauthorized transactions. Safeguarding blank checks helps protect the financial integrity of an individual or organization and reduces the risk of fraudulent activities.

It is important to note that blank checks should never be pre-signed. Pre-signing checks is a risky practice that can easily be exploited if the checks fall into the wrong hands. It is advisable to sign checks only when they are properly filled out and ready for use.

Additionally, it is recommended to pre-number blank checks. Numbering checks sequentially provides an effective control mechanism for tracking and reconciling payments, reducing the risk of duplicate or unauthorized transactions.

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What is one result of competition in a free-market economy?
A. Businesses control the price that all the companies within an
industry can charge.
B. Consumers can choose which company's products they want to
buy.
C. The government decides who is allowed to compete in the market.
D. Traditional values determine who will compete in the market.

Answers

It would be (C)!!!!!!!!!!!!!!!!

one marketing system for life and health insurance and property and liability insurance does not use agents or brokers. instead, potential customers are solicited by television, radio, print ads, and other media. this marketing system is called

Answers

One marketing model for property, liability, and health insurance does not employ agents or brokers. Instead, advertisements on television, radio, in print, and other media are used to approach potential buyers. Direct response marketing system is the term of this type of marketing.

By pressuring potential customers to do a certain action, direct response marketing aims to elicit an immediate reaction. Since the aim is to immediately create leads, direct response advertisements must prompt instant action from prospects.

Direct response may be used by marketers on a wide range of platforms, including TV, print, radio, email, digital, and social media. Every direct response campaign needs to have a clear objective—sign up, share with contacts, register, etc.—and in exchange, provide prospects an alluring deal. By opening up direct channels of communication with prospects and potential consumers, direct response advertisements assist in building deeper relationships with them.

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Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur

Answers

Answer:

capital

Explanation:

bulldozer is bought with capital.

Darcy is a new manager in a large consulting firm. As one of her first task she needs to set goals for her team

Answers

Answer: Bottom-up

Explanation:

Bottom-up also known as top down approach, is the approach of going from general to the specific, also from specific to the general. They are possible approach for a wide range of endeavors such as goal getting, forecasting and setting busgets

Darcy can use the Bottom-up approach to set up her team.

Attendee registration,exhibit space rentals,and sponsorship are all sources of revenue forA)meetingsB)Convention and Visitor's BureausC)Destination Management CompaniesD)conventions

Answers

Attendee registration, exhibit space rentals, and sponsorship are all sources of revenue for conventions. The answer is D)

Attendee registration, exhibit space rentals, and sponsorship are all sources of revenue for conventions. Conventions are large gatherings of people who share a common interest, usually related to a profession or industry.

The purpose of a convention is to provide attendees with educational and networking opportunities, as well as to showcase products and services related to the industry.

Attendee registration fees, exhibit space rentals, and sponsorship are all ways that conventions generate revenue to cover the costs of organizing the event. Convention organizers may also receive funding from government agencies, industry associations, or other organizations that have an interest in promoting the industry or profession.

Hence, D) is the correct option.

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if a transaction says started a business with cash 80000 Rands in bank is it a contra entry?​

Answers

Answer:

yes

Explanation:

because, Contra entries are those entries in which same account can be debited and credited in contrary situation. For example we debit Bank account when depositing cash.At the same time we credit bank account when withdrawing money from bank.

What is the answer I chose the one I thought was the answer

What is the answer I chose the one I thought was the answer

Answers

Answer: I think that ones the answer too

Answer:

c is

Explanation:

Internal recruitment may be practiced in companies today. TRUE OR FALSE​

Answers

True!.................
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