Ocean corporation sells a product for $500 on account to great atlantic sales. this transaction will be recorded in the ________.

Answers

Answer 1

Ocean corporation sells a product for $500 on account to great atlantic sales. this transaction will be recorded in the sales journals. The sales notebook, often known as the credit sales journal, is used to track all transactions made on credit.

The Fortune Store's sales journal is given below. This notebook contains all of the sales on account for June; cash transactions are documented in the cash receipts log. A cash or credit sale to a customer is recorded in a sales diary entry. It does more than just record the total amount of money received by the firm from the transaction.

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Related Questions

Think about the life cycle (i.e., Introduction, Growth, Shakeout, Maturity and Decline) of the electric vehicle industry. What stage of the life cycle is the electric vehicle industry?

Answers

It’s in growth stage.

__________ is the elapsed time beginning with the initiation of production and ending with the cash collection of receivables from the sale of the product.

Answers

The cash conversion cycle is the elapsed time beginning with the initiation of production and ending with the cash collection of receivables from the sale of the product.

The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other production costs back into cash through sales and the subsequent collection of receivables.

The cycle includes the time taken to sell inventory, the time it takes for customers to pay for the goods or services, and the time required to convert receivables into cash. A shorter cash conversion cycle is generally desirable as it signifies a more efficient use of working capital and quicker cash flow generation.

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The main job of an editor is to do
which of the following?
A. hire good writers
C. gain financial support
B. assign stories to be covered
D. proof-read articles

Answers

Answer:

b assign stories to be covered

Answer:

I think its B????

Explanation:

Which of the following is an advantage of diversity in the workforce?
OA. Discrimination is increased.
B. Communication is easy.
OC. Teams are more productive.
D. Wages are always fair.

Answers

One advantage of diversity in the workforce is C. Teams are more productive.

What good thing does diversity at work bring?

As a result of diversity in the workplace, there will be a flow of different ideas from various perspectives on how to handle things.

This would lead to more productivity as the best formulas from different cultures are applied to production to make it better.

In conclusion, an advantage of diversity in the workforce is teams are more productive.

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What is the SNAP food program governed by the farm bill
stamps
magnet
O paperwork
card

Answers

Answer:

The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.

Explanation:

Which of the following is a benefit of a bank?
A. You can get your cash quickly and easily.
B. A bank is insured by the federal deposit insurance corporation
C. You assets are safe from theft, loss, and fires
D. All the above

Answers

Answer:

D

Explanation:

Answer:

D. All the above

Explanation:

which of the following statements regarding the statement of cash flows is false? the statement of cash flow separates cash inflow and outflows into three major categories: operating, investing and financing the ending cash balance shown on the statement of cash flows must agree with the amount shown on the balance sheet at the end of the same period the total increase or decrease in cash shown on the statement of cash flows must agree with the bottom line (net income or net loss) reported on the income statement the statement of cash flows covers a period of time

Answers

The total cash change shown on the cash flow statement must match the bottom line (net income or net loss) shown on the income statement. The cash flow statement spans a time period, which is false.

What exactly is cash flow?

Cash flow refers to the net quantity of cash and cash equivalents carried into and out of a business. Inflows and outflows are represented by money received and spent, accordingly. A company's ability to generate positive cash flows, or, more precisely, to optimize long-term free cash flow, is critical to its ability to create value for shareholders (CFC).

FCF is the cash generated by a company's normal business activities after subtracting capital expenditures (CapEx). The quantity of money that comes in and goes out of a business is referred to as its cash flow. Businesses generate revenue through sales and incur expenses. They may also earn money from interest, investments, royalties, and licensing agreements, in addition to selling products.

They may also receive income from interest, investments, royalties, and licensing agreements, as well as offer things on credit with the expectation of receiving the money owing at a later period.

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Health-Tech Materials is a firm that manufactures medical equipment purchased by hospitals and clinics. The firm employs over 2,500 workers in its two manufacturing facilities located in Texas and Arizona. Recently, Health-Tech dismissed a number of employees for ethics violations ranging from improper Internet usage to stealing company funds. In addition, the firm has been sued by two former employees for wrongful discharge. As a result, Health-Tech's top executives are evaluating the firm's hiring process, ethics training system, reward system, and disciplinary system to determine how to promote ethics and fair treatment.
Health-Tech's HR department has devised a brief ethics test for employees to use when determining if their actions match Health-Tech's code of conduct. Which of the following questions is LEAST likely to be included on the ethics test?
A) What Health-Tech employees will be affected by my actions?
B) Will my actions reflect negatively on the image of Health-Tech?
C) Would I perform this action if I worked for a Health-Tech competitor?
D) Is the action I am about to perform on behalf of Health-Tech a legal one?

Answers

Answer:

Correct Answer: The least likely question to be included in the ethic test is:

A) What Health-Tech employees will be affected by my actions?

Explanation:

This is because, it does not have a direct implication to the code of conduct expected by the Health-Tech's company when compared with others. For example, seeing a fraud going on in the company, it is expected that the staff should report to the appropriate management staff irrespective of whether the action would affect the staff's friend or not.

If the order quantity doubles but the flow rate remains constant, what happens to the average amount of time a unit spends in inventory

Answers

Answer:

Increases by more than 50%

Explanation:

In the case when the order quantity is doubled but at the same time the flow rate is smae so the average time for a unit would be increased by more than 50% as if there is an increased in the demand rate so the order quantity is also increased so if the number of units generated doubles than the activity per time is also rised by 50% thats why it should increased more than 50%

emery mining inc. recently reported $115,000 of sales, $68,500 of operating costs other than depreciation, and $11,800 of depreciation. the company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-plus-state income tax rate was 25%. how much was the firm's net income? the firm uses the same depreciation expense for tax and stockholder reporting purposes. (round your intermediate and final answers to two decimal places.)

Answers

The company's net income was $25,127.81.

Net Income: What is it?

Net income is the amount that a person or business makes after expenses, reimbursements, and taxes. The amount left over after costs like salaries and wages, the price of goods or raw materials, and taxes have been paid is known as a company's net income.

In the simplest terms, net profit is the sum that is left over after expenses are paid. Either the corporation keeps the revenues as part of retained earnings or common investors can elect to receive dividends on net income. On an annual basis, per fiscal year, net income is frequently estimated.

Net income is defined as an entity's revenue less costs, depreciation and amortization, interest, and taxes for a specific accounting period in both business and accounting.

Sales                                                         $115,000

Less: operating costs                                 $68,500

Less: depreciation                                         $11,800

Earnings before interest and tax                 $34,700

Less: interest expenses ($16,500 * 7.25%) $1,196.25

Earnings before tax                                 $33,503.75

Less: tax (25%)                                         $8,375.94

Net income                                                 $25,127.81

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1) The heart beats approximately ________ times each day. A) 1,000 B) 10,000 C) 100,000 D) 1,000,000 E) 10,000,000

Answers

The heart beats 100,000

In order to resolve this problem I again recommend that jobs not be closed and invoiced until they are completed. If, in certain cases, you must invoice them in order to speed up collection of the receivable fine but leave them in unearned revenue so we do not overstate revenues, assets and income on our financial reports. In order to comply with my recommendation in paragraph three of my March 23rd memo, we should have our head inspector sign off on jobs when they are complete. This document should then be forwarded to the front office and attached to and be filed with the other paperwork for completed and earned jobs. If an exception must be made, an exception report should be completed and filed indicating the date, job number and reason for the exception. Since this should only happen on rare occasions it will cause very little additional work, maybe a minute or two per exception. Calling a job complete before its completion in order to make the financial reports look better than they actually are, is not a legitimate reason for an exception. Calling a job complete and earned should never have anything to do with what time of the month or quarter it is. In addition, we should notify anyone who received these above-mentioned financial reports of the overstatement of income and the reason for it. This should happen only after a thorough investigation to make sure the amounts are correct. I am available to assist in any way necessary for this, of course. There is one more item I feel worth mentioning here. It is critical to understand that if a job does not cover all its cost, including overhead, that job lost this company money. We incur in excess of $500,000 of overhead cost each quarter.

Answers

Implementing these recommendations would ensure accurate financial reporting and better management of the company's finances.

To resolve the problem of overstatement of revenues, assets, and income on financial reports, it is recommended that jobs should not be closed and invoiced until they are completed. In certain cases, if there is a need to speed up the collection of the receivable, the jobs can be invoiced but should be kept in unearned revenue to avoid overstatement of financials. To comply with this recommendation, the head inspector should sign off on jobs when they are completed, and this document should be filed with the other paperwork for completed and earned jobs. Any exceptions should be recorded in an exception report indicating the date, job number, and reason for the exception. However, calling a job complete before its actual completion to manipulate financial reports is not a legitimate reason for an exception. It should also be noted that calling a job complete and earned should never be based on the time of the month or quarter.

Moreover, it is critical to understand that if a job does not cover all its cost, including overhead, the job has caused a loss for the company. As the company incurs more than $500,000 of overhead cost each quarter, it is essential to ensure that the jobs are accurately assessed for profitability. Finally, if any overstatement of income is identified on financial reports, it is necessary to conduct a thorough investigation and notify anyone who received the reports of the issue and the reason for it.

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What is friendship?? :)

Bye! Y'all!!

What is friendship?? :)Bye! Y'all!!

Answers

Answer:

agree with this

.................................

Answer:

just for fun

Explanation:

real friends are those who open their mouth to just insult there bestij

Explain the difference between a direct tax and an indirect tax.

Answers

Answer:

Taxes can be either direct or indirect. A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. An indirect tax is one that can be passed on-or shifted-to another person or group by the person or business that owes it.

Explanation:

Answer:

see the pic hope it would be helpful.

Explanation:

Explain the difference between a direct tax and an indirect tax.

What are the disadvantages of sponsorship to the business that is being sponsored? I know the advantage is, it can increase the visibility of the company, but can't find or think of a disadvantage, unless there's none? Thanks!

Answers

Answer:

Loss of Control. In return for their compensation, sponsors may ask for things that result in the sponsored organisation relinquishing some degree of control. ...

Involuntary Endorsement. ...

Increased Pressure to Succeed. ...

Loss of Credibility.

hope this helps ♡ if my answer is correct pliz tag me brainliest ♧ thanks

Bonnie claims single with 2 federal withholding allowances, and contributes state tax of 20% of her federal tax. Below is a copy of Bonnie's biweekly statement of earnings. Bonnie knows that her gross earnings and federal tax are correct, but she thinks that her net pay is not correct. Using the fact that Social Security is 6.2% and Medicare is 1.45% of gross pay, explain why the given net pay is not correct. Determine how the error can be corrected, and what the net pay should be.

Answers

Answer:

The given net pay is not correct because Medicare is not 1.45% of her gross pay. The Medicare should be $11.02, making the correct net pay $641.86.

Answer:

The amount of Medicare tax has been calculated incorrectly. The Medicare tax should be $11.02, not $110.20. The actual net pay should be $641.86.

Explanation:

From Ed. :)

General Mills began losing market share for​ Go-gurt when its biggest competitor began to focus on​ kids' yogurt. Which step of the market research process does this statement best correlate​ with?

a. Analayzing data

b. Data collection

c. Choosing the data collection method

d. Analyze and interpret the data

Answers

Answer:

b. Data collection

Explanation:

General Mills is only at the first stages of the market research process, which include: diagnosis of the problem, definition of the problem, and data collection.

General Mills has found that it's lost market share to its biggest competitor because the competitor decided to focus on a particular type of yogurt. This is Data collection.

Whoever says I WIN first gets a brainliest

Answers

Answer:

I WIN

udyfjctdkbhdyghdgvhfhv

Answer:

i win

Explanation:

:))))

A retail lease for 10,000 square feet of rentable space is being negotiated for a five-year term.

Option A calls for a base rent of $25 per square foot for the coming year with step-ups of $1 per year each year thereafter. CAM charges are expected to be $3 for the coming year and are forcasted to increase by 6 percent at the end of each year thereafter.

Option B calls for a lower base rent of $23 per square foot with the same step-ups and CAM charges, but the tenant must pay overage rents based on a percentage lease clause. The clause specifies that the tenant must pay 8 percent on gross sales over a breakpoint level of $900,000 per year. The owner believes that the tenant’s gross sales will be $850,000 during the first year but should increase at a rate of 10 percent per year each year thereafter.

Required: a. If the property owner believes that a 12 percent rate of return should be earned annually on this real estate investment, which option is best for the owner of the retail center? b. Which option is best for the owner of the retail center, if sales are expected to increase by 20 percent per year?

Answers

Total income for Years 2-5 with overage rent = Total income + Overage rent
\(= $5,374,000.80 + $9,600 + $25,920 + $49,504 + $69,805.60 = $5,528,831.40\)



Comparing the rates of return with the desired 12% rate, we can determine which option is best for the owner of the retail center.

To determine which option is best for the owner of the retail center if sales are expected to increase by 20% per year, we need to recalculate the overage rent and total income for Option B.

Overage rent calculation:
Gross sales increase by 20% per year:
\(Year 2: $850,000 * (1 + 20%) = $1,020,000Year 3: $1,020,000 * (1 + 20%) = $1,224,000Year 4: $1,224,000 * (1 + 20%) = $1,468,800Year 5: $1,468,800 * (1 + 20%) = $1,762,560\)

Overage rent = 8% * (Gross sales - Breakpoint level)
\(Year 2: 8% * ($1,020,000 - $900,000) = $9,600Year 3: 8% * ($1,224,000 - $900,000) = $25,920Year 4: 8% * ($1,468,800 - $900,000) = $49,504Year 5: 8% * ($1,762,560 - $900,000) = $69,805.60\)


NOI = Total income - (Base rent * 10,000 sq ft)
\(= $5,528,831.40 - ($23 * 10,000) = $5,298,831.40\)

Now, we can calculate the rate of return for Option B and compare it with the desired 12% rate to determine which option is best for the owner of the retail center.

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a small software corporation borrowed $200,000 to expand its software line. some of the money was borrowed at 9%, some at 10%, and some at 12%. use a system of equations to determine how much was borrowed at each rate if the annual interest was $20,800 and the amount borrowed at 10% was 2½ times the amount borrowed at 9%. solve the system using matrices. amount borrowed at 9% $ amount borrowed at 10% $ amount borrowed at 12%

Answers

The amounts borrowed at each interest rate are:

- $40,000 at 9%

- $100,000 at 10%

- $60,000 at 12%

Let's denote the amount borrowed at 9% as "x" dollars.

According to the problem, the amount borrowed at 10% is 2½ times the amount borrowed at 9%, so it would be 2.5x dollars. The remaining amount borrowed at 12% can be represented as (200,000 - x - 2.5x) dollars.

To determine the specific amounts borrowed at each rate, we can set up the following system of equations based on the given information:

0.09x + 0.10(2.5x) + 0.12(200,000 - x - 2.5x) = 20,800

Simplifying the equation:

0.09x + 0.25x + 0.12(200,000 - 3.5x) = 20,800

0.09x + 0.25x + 24,000 - 0.42x = 20,800

0.09x + 0.25x - 0.42x = 20,800 - 24,000

-0.08x = -3,200

Dividing both sides of the equation by -0.08, we find:

x = -3,200 / -0.08

x = 40,000

So, the amount borrowed at 9% is $40,000. Using this information, we can determine the amounts borrowed at 10% and 12%:

Amount borrowed at 10%: 2.5x = 2.5 * 40,000 = 100,000

Amount borrowed at 12%: 200,000 - x - 2.5x = 200,000 - 40,000 - 100,000 = 60,000

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The repayment of borrowed money to some extent is dependent on the social attitudes and commitments of both the borrower and the bank. Briefly explain

Answers

The repayment of borrowed money can be influenced by the social attitudes and commitments of both the borrower and the bank, as their actions and behaviors can affect the financial relationship and trust between them.

The repayment of borrowed money involves not only financial obligations, but also social and ethical considerations. Both the borrower and the bank have a role to play in ensuring the timely and complete repayment of the loan.

For example, the borrower's attitude towards debt and their sense of responsibility to repay the loan can impact their likelihood of defaulting. If the borrower has a negative attitude towards debt or does not prioritize repayment, they may be more likely to default on the loan.

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In order to do what you want to do, you need to be around people who are doing it and in ______.

Answers

In order to do what you want to do, you need to be around people who are doing it and in places where it's happening.

What is this Proximity Principle about?

In psychology, the proximity principle is one of gestalt principles of perceptual organization that states that people treat objects close together as a group. In social psychology, the principle holds that people closer together in a physical environment are more likely to form a relationship than those farther away.

Popularly, the Proximity Principle is one that states "In order to do what you want to do, you need to be around people who are doing it and in places where it's happening".

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1. Entrepreneurship Def: Human effort that takes(missing word) the of bringing the other 3 factors of production (Land, Labour, Capital) together to a good or service.​

Answers

Yes no way home so its le caca

Define local technology .

Answers

a source of internet, or WIFI that's close to you. Local= near Tech= phones, computers, etc.

Which level of government are Planning workers most likely to work for?

A) state
B) federal
C) local
D) international

Answers

I’m pretty sure it’s local.

The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).

A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.

When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.

A variety of essential services for residents and companies in certain areas are handled by the local government.

Therefore, the correct option is "C".

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What is the Occupational Outlook Handbook?

Answers

The Occupational Outlook Handbook (OOH) is a comprehensive resource published by the U.S. Bureau of Labor Statistics (BLS) that provides detailed information on hundreds of occupations.

It serves as a valuable tool for job seekers, students, career counselors, and researchers looking to explore various career paths and make informed decisions about their future.

The OOH offers a wealth of information about different occupations, including job duties, required education and training, median pay, job outlook, and typical work environments. It also provides insights into the skills and qualities needed to succeed in each profession. The handbook covers a wide range of fields, including healthcare, business, technology, education, arts, and more.

The OOH is regularly updated to reflect the latest labor market trends and developments. It incorporates data on job growth, employment projections, and emerging occupations, making it a reliable resource for understanding the current and future landscape of the job market. The handbook is available both online and in print, offering easy accessibility to users seeking accurate and up-to-date information on various careers.

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Which is a characteristic of judging approach

Answers

Answer:

Clarity and Closure

Explanation

Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.

Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.

Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.

Do you think you should use a zero-based budgeting system? Explain why or why not.

Answers

yes, because it gives you an opportunity to put forth money for the future on what to do with it. but only if you reach the zero at the end of the month. you can use it in many ways like emergency funds or an envelope system.

A vegetable farmer wishes to switch to a combination of trees and vegetables (agroforestry) on several hectares of her land to reduce erosion and to diversify what she grows. She needs to assess whether her land can produce as much income by growing two crops instead of one. The farmer estimates that the new tree crop would cover 40 percent of her fields, with the vegetable crop covering the other 60 percent. Which equation should she use to calculate how much total income she would get from using the new two-crop plan

Answers

The best equation to show her the income from her plan is (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)

Finding the income from trees

Trees will cover 40% of the field. The income would be

= Amount earned from trees per hectare x Number of hectares used by trees

Number of hectares used by trees = 40% x Total number of hectares

Income from trees will be:

= Amount earned from trees per hectare x 40% x Total number of hectares

= Tree income per hectare x 0.4 x Total hectares

Income from vegetables

Applying the same method as above:

= Amount earned from vegetables per hectare x 60% x Total number of hectares

= Vegetable income per hectare x 0.4 x Total hectares

Total income

= Sum of both

= (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)

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Q3. In this question, you will investigate the relationship between credit ratings and volatility of the stock market for a group of countries. The data in volatility.xls gives the volatility (measured as the standard deviation of stock returns), credit rating (measured as a percentage), and market type (developed, D or emerging, E) for a sample of 30 different countries.
a. Compute the proportion of developed countries in the sample. [1]
b. Construct a histogram for the volatility of the stock returns. What does the distribution look like? [1]
c. Compare the credit ratings of developed versus emerging markets using box plots. [2]
d. Plot volatility (y-axis) against credit rating (x-axis). Color-code the points on the scatterplot such that blue points indicate developed countries whereas green points indicate emerging economies. [2]
e. Based on the scatter plot in part d, are there any notable differences in the volatility-credit rating relationship between developed and emerging economies? [1]

Answers

The proportion of developed countries in the sample can be computed by dividing the number of developed countries by the total number of countries in the sample.

What is the proportion of developed countries in the sample?

To calculate the proportion of developed countries, we need to determine the number of developed countries and divide it by the total number of countries in the sample. Let's denote the number of developed countries as "D" and the total number of countries as "T".

The proportion of developed countries can be calculated using the formula:

Proportion of developed countries = D / T

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GUYS I NEED HELP ASAP IF YOU HELP I WILL GIVE 15 POINTSShelley invested some money in an account that will mature in one year. If Shelley withdraws the money after the maturity date, she will receive her initial investment plus 15%, but if she withdraws her money now, she will only be able to withdraw 80% of what she put into the account.Shelley put $317 into the account initially. How much of her initial investment will she lose if she withdraws her money now? List 6 principles for successful tendon transfer. The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, rs, is 19%. What is the stock's current value per share? Round your answer to the nearest cent what is a micrograph? Can you rephrase this? Body temperature typically reaches the temperature of the surrounding environment within 24 hours of death. ... External factors, such as room or air temperature, exposure to sun, wind, or snow, or the clothes a person is wearing impact this estimate and can make it challenging to pinpoint an exact time of death. An image that remains after a stimulus is removed is called a(n) __________. A. Afterimage B. Complementary image C. Dichromatic image D. Trichromatic image. please please please please help Simplify 3^a * 3^b / 3^c /3^d The Exponent on 3 is__________. A. (ab) / (cd) B. (a+b) - (cd) C. a+b-c-d according to deuteronomy 5, the sabbath day is patterned after . group of answer choices a. egyptian law b. the creation week c. canaanite customs Which kind of symmetry does the letter D have? Is this right? Please help me A senior citizen walks 2km East for 10 minutes, turns and walks 4km south 25 pointsfor 20 minutes and finally turns and walks 1km East for 5 minutes. What istheir average velocity in km/min? Models designed to explain mental functioning are constantly refined and modified to explain new results. Which of the following exemplifies this concept based on the results presented in your text 23) Find the center of the circle What investment is purchased by insurers to enable them to credit index interest in equity indexed products? O a. long-term bonds and mortgages Ob. common stock c. index call options d. interest rate futures 35 is 28 % of what number The cognitive approach to ASD emphasizes deficits in which of the following?a. Theory of mindb. Emotional intelligencec. IQ scored. Speech patternsa. Theory of mind Marie works for an optician.She records the depth of a lens in each of the 100 pairs of glasses on display.DepthHer results are summarised in the table.Number of pairs of glassesDepth of lens, x mm,to the nearest mm10 weather channel has genius.com Can anyone help me and explain how to do the problems in the picture attached :]