Answer:
June 10
Dr Inventory $7,100
Cr Accounts payable $7,100
June 11
Dr Inventory $350
Cr Cash $350
June 12
Dr Accounts payable $600
Cr Inventory $600
June 19
Dr Account payable $6,500
Cr Cash $6,240
Cr Inventory $260
Explanation:
Preparation of a separate journal entries for each transaction on the books of Blossom Company.
Books of Blossom Company
June 10
Dr Inventory $7,100
Cr Accounts payable $7,100
June 11
Dr Inventory $350
Cr Cash $350
June 12
Dr Accounts payable $600
Cr Inventory $600
June 19
Dr Account payable $6,500
($7,100-$600)
Cr Cash $6,240
($6,500-$260)
Cr Inventory $260
(4%*$6,500)
What does it mean for a marketer to use an integrated promotional strategy?
A. Developing a promotional mix in which all methods work together
toward a shared purpose
B. Measuring success in terms of number of people who receive a message, customers' attitudes, and sales volume
C. Promoting products to end users, so they will persuade resellers
to carry the products
D. Promoting products to wholesalers and retailers, so they will in
turn promote to consumers
Please help
Answer:
the answer is A. Developong a promotional mix in which all methods work together toward a shared purpose.
Explanation:
In order to use an integrated promotional strategy by developing a promotional mix in which all methods work together toward a shared purpose. Thus, option 'A' is the correct option.
What is an integrated promotional strategy?A strategy for communicating a consistent message via all the marketing platforms your brand employs is called integrated marketing. It offers uniformity no matter where clients choose to deal with a business. Without an integrated marketing plan, you run the danger of conveying conflicting information or speaking incoherently.
With the aid of an integrated content strategy, sales prospects may advance through the conversion funnel at their own speed and on their own terms. With awareness-raising and educational content like films, infographics, and whitepapers, your buyer's sales journey gets started. A coordinated strategy, overall corporate goals, and company values are followed by all channels of marketing communications under an integrated approach.
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What's the difference between a Monopoly and Oligopoly market?
Explanation:
The main difference between monopoly and oligopoly is in the number of firms under consideration.
In Monopoly, the market witness a situation in which one company alone dominates; in other words, this company produces goods or services without having any close competitors.
While in Oligopoly, not just one but a small group of companies act as the dominant players in the market even though they may produce slightly different products; they thus influence the market a lot reducing the chances of new competitors.
Explain how each of the following events would affect the equilibrium price and quantity of new textbooks. (Explain which curve(s) would shift and in which direction(s).)
The events that would affect the equilibrium price and quantity of new textbooks include changes in production costs, shifts in student enrollment, changes in government policies etc.
How do these events impact the equilibrium price and quantity?The changes in production costs will shift the supply curve of new textbooks. If production costs increase, the supply curve would shift to the left resulting in decrease in the equilibrium quantity and an increase in the equilibrium price.
But if production costs decrease, the supply curve would shift to the right leading to an increase in the equilibrium quantity and a decrease in the equilibrium price of new textbooks.
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The characteristic that means the actions of one partner are binding on all other partners is known as
Answer:The following are five characteristics of a partnership: Sharing of profits and losses. Mutual agency. Unlimited liability.Lawful business.
The characteristics of partnerships are different from the sole proprietorships already studied in basic accounting. Some of the more important characteristics follow Mutual Contribution. There can not be a partnership without the contribution of money. Division of Profit and Losses each partner must share profits and losses. Mutual Agency any partner can bind the other partners to a contract. If he or she is acting within his express or implied authority.
Explanation:
Which one of the following taxes are NOT a mandatory, or
required deduction from your paycheck?
Federal Income Tax
O Retirement Savings
O State Income Tax
O FICA
State Income Tax can be deducted from paycheck.
State Income Tax are NOT a mandatory, or required deduction from your paycheck. Thus, its C.
What is State Income Tax?The majority of U.S. states also levy a state income tax in addition to the federal income tax that the nation as a whole collects. Several municipal governments also charge an income tax, frequently based on calculations made for the state income tax.
Individuals are subject to income taxes in 42 states and several localities in the US. A ninth state, New Hampshire, levies an income tax on individuals on dividend and investment income but not on other types of income.
Eight states have no state income tax. The income of companies is taxed by 47 states and numerous cities.
A fixed or graduated rate of state income tax is levied on the taxable income of individuals, businesses, and certain charities and trusts. Both the state and entity type tax rates are different.
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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List three pieces of criteria that economists use to determine if someone is employed
Answer:
The summary as per the given query is summarized below.
Explanation:
The criterion used by economists to decide whether the individual was working wasn’t employed.Employees hold down jobs for full as well as part-time pay where they already haven't a job and therefore are provisions of these terms for work even though they are unemployed.The labor force seems to be the number among all jobs working as well as unemployment.What is the equilibrium quantity for phones?
Answer:
Readjusting once again to marketplace conditions, the next year the company produces 65,000 phones, with a retail price of $45. At the end of the year, the company’s sold almost its total supply of phones. It indicates that the equilibrium quantity of phones is 65,000, at a retail price of $45 (which would be the equilibrium price). More Resources
Explanation:
According to our curve, the equilibrium point initially is indicated by point E on the graph, but since the supply of cellphones has increased, quantity supplied increases to the graph indicated by S 1 S 1, this causes an excess of the product in the market resulting in a stiff competition which often sees the sellers reduce their prices. hope that helps.
Are all nonprofits more socially responsible than for-profit businesses just because they are legally structured in this way?
Nonprofits are indeed legally structured to be more socially responsible than for-profit businesses but not all nonprofits are more socially responsible than for-profit businesses.
How socially responsible are nonprofits?Nonprofits are meant to be socially responsible based on their legal structure because they are meant to be established to aid social causes which are for the common good.
However, not all nonprofits can be said to be socially responsible because some have poor internal processes that help people less than they should. Some for-profit businesses on the other hand are better structured and generous enough to be more socially responsible.
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Explain why domestic trade is important to the economy
Answer: The importance of domestic trade in a country is that it facilitates exchange of goods within the country. ... By allowing all different types of goods and services to reach to all parts of the country it improves the standard of living of the residents of the country as well as the employment rate of the country.
Explanation: Please mark me brainliest! Have a great day!!!
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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Blank and blank is another word for networking
The current stock price of Alcoco is $40, and the stock does not pay dividends. The instantaneous risk-free rate of return is 7%. The instantaneous standard deviation of Alcoco's stock is 25%. You want to purchase a put option on this stock with an exercise price of $45 and an expiration date 30 days from now. According to the Black-Scholes OPM, you should hold __________ shares of stock per 100 put options to hedge your risk. Assume 365 days in a year
a) 59
b) 99
c) 55
d) 94
An important function of the U.S. Federal Reserve is to a. set the debt ceiling. b. control the supply of money. c. mint coins. d. fund Congressional spending.
Answer:
b. control the supply of money.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations in 1914. It is just like all central banks, the Federal Reserve is a United States government agency. The following are the responsibilities of the Fed Reserves System;
- It has the power to supervise and regulate banks.
- They promote public goals such as economic growth, low inflation, and the smooth operation of financial markets (monetary policies).
- The Federal Reserve is the "lender of last resort."
Hence, an important function of the U.S. Federal Reserve is to control the supply of money. The monetary liabilities of the Federal Reserve include currency in circulation and reserves. The currency in circulation includes all of the US paper currency (dollar bill) that are available in the country while reserves refers to the minimum deposits being held for the U.S Treasury and depository financial institutions by the Fed.
Ruthann is drawing a diagram to depict the economic cycle. What does she label the phase of the economic cycle where the economy has reached its lowest point followed by signs that it is beginning to grow again?
Recovery
Prosperity
Depression
Recession
Answer:
Recovery
Explanation:
Duh
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:
Manufacturing overhead costs incurred:
Indirect materials . $15,000
Indirect labor . 130,000
Property taxes, factory .8,000
Utilities, factory .70,000
Depreciation, factory .240,000
Insurance, factory .10,000
Total actual manufacturing overhead costs incurred $473,000
Other costs incurred:
Purchases of raw materials (both direct and indirect) - $400,000
Direct labor costs - $60,000
Inventories:
Raw materials, beginning - $20,000
Raw materials, ending - $30,000
Work in process, beginning - $40,000
Work in process, ending - $70,000
Manufacturing Overhead
Actual Overhead Applied Overhead
$473,000 $485,000
$12,000 was overapplied
HELP WITH THIS:
Prepare a schedule of cost of goods manufactured for the year.
Answer:
cost of goods manufactured= $890,000
Explanation:
Giving the following information:
Applied Overhead= $485,000
Other costs incurred:
Purchases of raw materials (both direct and indirect) - $400,000
Direct labor costs - $60,000
Inventories:
Raw materials, beginning - $20,000
Raw materials, ending - $30,000
Work in process, beginning - $40,000
Work in process, ending - $70,000
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 20,000 + (400,000 - 15,000) - 30,000
Direct material used= 375,000
I deduct the indirect material included in manufacturing overhead.
cost of goods manufactured= 40,000 + 375,000 + 60,000 + 485,000 - 70,000
cost of goods manufactured= $890,000
You own some land at the edge of Blacksburg. An individual wants to sign a contract where she rentsthe land from you for 10 years to operate a golf driving range. She is willing to pay $25,000 per year(at the end of each year). She will then buy the land from you at the end of year 10 for $350,000.Alternatively, she is willing to accept a five-year contract, but will only pay $20,000 per year (at theend of each year) and not buy the land at the end of the contract. You suspect that in five years,Blacksburg will have grown enough that a developer will buy your land to build new homes. Howmuch does the developer need to pay you at the end of five years to make the shorter contract thebetter option
Answer:
500,000
Explanation:
25,000x10=250,000+350,000=600,000 20,000x5=100,000 600,000-100,000=500,000
Why u think the porcentage of tax filers has most dramatically increased for the 65+ age group?
Answer:
The more people that retire, the more it increased.
Explanation:
Typically when people retire, they get their taxes filed. The percentage of the 65+ age group who have their taxes filed increases the more people who retire, then typically use tax filers.
Answer: The percentage of tax filers has most dramatically increased for the 65+ age group because
more people in the 65+ community are retiring and so, they are getting their taxes filed.
Good luck!
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
What is owner's equity?
Nonsense = Reported
Thank you ~
Hii :))
Owner's equity is defined as the amount of money invested by the owner in the business minus any money taken out by the owner of the business.
~
Your friend is trying to establish good credit. Your friend is thinking about taking out a $15,000 auto loan to establish some credit on his credit report. Do you think this is a good idea for your friend to do this? Do you have an alternate suggestion? Why?
Answer:
I think this is a good idea if my friend has the income (job) to repay the loan and not miss a payment, and doing that will help build credit.
If my friend takes out the loan and knows it will not be repaid back on time and misses deadlines, it would be a bad idea to take the loan in the first place.
Another suggestion would be paying for groceries, gas, etc., and repay back if you have an income and build great credit that way.
Also, you can have a parent/guardian add you to their credit account, so let's say my friend's mother adds my friend to her account, and when the mother makes her payments, it will help my friend build credit.
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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Customers today demand service that is what?
Customers today demand services that are comparable to the kinds and quantities of goods and services which people will purchase, or would purchase, if they were offered.
Why is demand important?Demand is the term used to describe a consumer's desire and desire to purchase a good or service at a specific time or over time. In accordance with their budget for discretionary spending, consumers must also be able to afford the items they want or need.
What's the process of a demand?Consumer spending, public and private business investment, and the balance of imported and exported goods are all added together to compute aggregate demand. The equation AD ≈ C + I (+ G + Nx is used to represent it. The following are the aggregate demand's constituents: C stands for consumer expenditures on services and goods.
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Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.
Answer:
to bad this isn't multiple choice
Explanation:
but it would only make sense if it were scientists. sorry if I'm wrong
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.
Is using 401(k) money in an emergency the best idea? (1 point)
O
Yes, the money is not needed for a long time.
O Yes, the money was deducted pre-tax so there is more of it.
O No, early withdrawal of 401(k) money will incur a penalty.
O No, since you will lose all your money earned.
No, using 401(k) money in an emergency is not the best idea since you will lose all your money earned.
What is the ideal plan for 401(k) money?Ideally, the best move is to always leave your 401(k) money alone. When you need money, find other ways to manage your expenses, unplanned or otherwise. If you're lacking in emergency savings, let this be your wake-up call to start building that safety
Hence, the use of 401(k) money in an emergency is not the best idea since you will lose all your money earned.
Therefore, the Option A is correct.
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A source document will contain all of the information except
A. Date
B. Name of seller
C. credit card number of the buyer
D. time of the transaction
Answer:
C.
Explanation:
Hope it helps
Answer:
C
Explanation:
It never gives the credit card number of the buyer. Sometimes, the last four digits are given, but not the full credit card number.
Economic growth results in an improved what?
Economic growth results in an better standard of living.
What is Economic growth?A country's economy is said to be growing when the value of its goods and services rises, generating more revenue for companies. Consequently, stock prices increase. This provides businesses with money to expand and recruit more workers. Incomes increase as more jobs are created.
Real GDP growth, or the value of national output, income, and expenditure, is a measure of economic growth. The main advantage of economic growth is a rise in living standards, which translates into higher real wages and the capacity to invest more money in sectors like health care and education.
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Write a short message/email/memo based on the following case scenario - As head of the occupational health and safety committee at your workplace, you are concerned about the practice of stocking employee kitchenettes with free coffee and cookies. Lately, you have begun to notice that stressed out employees routinely skip lunch and instead grab handfuls of cookies to eat at their desks. While you understand the necessity for the quick snacks, you feel that there is room in the budget to provide healthier alternatives to these high-fat, carbohydrate-laden snacks. In fact, your committee voted in favour of this but you feel some employees will resist this and be upset to lose the cookies and coffee. -- Now, write a short message/memo/email to all staff announcing that, effective next month, kitchenettes will be stocked with a selection of fresh fruit, whole-grain snacks, and spring water instead of the usual cookies and coffee. Consider which approach you should use -- direct or indirect -- before you write it.
Answer:
You know that your not supposed pile your home work on this program? It’s unconstitutional.
Explanation:
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
apple technology distractive technology
It is often said that Apple technology is distractive technology because people end up sending too much time on their devices.
Why is apple technology called distractive ?Apple technology can certainly be used in a distracting way, such as spending too much time on social media or playing games instead of focusing on work or other responsibilities. However, it can also be used in a productive and beneficial way, such as using productivity apps to organize tasks and schedules, or using educational apps to learn new skills and information.
Overall, Apple technology is not inherently distracting, but it can certainly be used in a distracting way if not used mindfully. It is up to the individual user to decide how they use their device and whether or not it is a distraction in their life.
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