Required information The following information applies to the questions displayed below.) a. On March 22, purchased 720 shares of RPI Company stock at $14 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 360 shares of RPI stock for $24 per share, Prepare journal entries to record the given transactions involving the short-term stock investments of Duke Company, all of which occurred during the current year View transaction list Journal entry worksheet < 1 2 3 On March 22, purchased 720 shares of RPI Company stock at $14 per share. Duke's stock investment results in it having an insignificant influence over RPI. Note: Enter debits before credits. Debit Credit Transaction General Journal a Required information [The following information applies to the questions displayed below] a. On March 22. purchased 720 shares of RPI Company stock at $14 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a c. On October 8, sold 360 shares of RPI stock for $24 per share. Prepare journal entries to record the given transactions involving the short-term stock investments of Duke Company, all of which occurred during the current year. View transaction list Journal entry worksheet < 1 2 3 On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a. Note: Enter debits before credits. Debit Credit Transaction General Journal b 12 of 25 < Prey Next > Required information (The following information applies to the questions displayed below.] a. On March 22, purchased 720 shares of RPI Company stock at $14 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 360 shares of RPI stock for $24 per share. Prepare journal entries to record the given transactions involving the short-term stock investments of Duke Company, all of which occurred during the current year View transaction list Journal entry worksheet 2 3 On October 8, sold 360 shares of RPI stock for $24 per share. Note: Enter debits before credits. Debit Credit Transaction General Journal C.

Answers

Answer 1

The journal entries for Duke Company's short-term stock investments involving RPI Company are as follows:

a. On March 22, when Duke Company purchased 720 shares of RPI Company stock at $14 per share, the journal entry would be:

Debit: Short-term Stock Investments - RPI Company: $10,080

Credit: Cash: $10,080

b. On July 1, when Duke Company received a $1 per share cash dividend on the RPI stock, the journal entry would be:

Debit: Cash: $720

Credit: Dividend Income: $720

c. On October 8, when Duke Company sold 360 shares of RPI stock for $24 per share, the journal entry would be:

Debit: Cash: $8,640

Credit: Short-term Stock Investments - RPI Company: $5,040

Credit: Gain on Sale of Investments: $3,600

These journal entries record the acquisition, dividend income, and sale of the short-term stock investments made by Duke Company involving RPI Company during the current year.

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Related Questions

Which statement about Social Security is true?
A. You can increase your monthly benefit by retiring earlier than the
standard retirement age.
B. You can increase your monthly benefit by postponing when you
begin receiving benefits.
C. You can increase your monthly benefit by deferring taxes until
retirement.
t because all
D. There is no way to increase your monthly benefit because
retirees earn the same amount.

Answers

Answer: B

Explanation: Social Security retirement benefits are increased by a certain percentage for each month you delay starting your benefits beyond full retirement age.

Gregory is aiming to get the _ symbol for his products, which is awarded by the _

Answers

Answer: environmental friendly refrigerators prestigious , engineering agency

Explanation: Separated by Commas .

PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?

Answers

Explanation:

Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.

Distinguishing your qualities and shortcomings can be very significant. Not exclusively will it permit you to move toward assignments and difficulties with a superior comprehension of how to succeed and what traps to pay special mind to, yet it likewise permits you to viably convey what you can contribute, which is fundamental for things like new employee screenings.

Which of these describes information that can appear in a consumer’s credit report?

A. The name of a company that gave the consumer a car loan two years ago

B. The amount of money that the consumer loaned to a family member

C. The amount of money the consumer will need to borrow in the next five years

D. The name of a store where the consumer pays cash for all purchases

Answers

Answer:

A. The name of a company that gave the consumer a car loan two years ago

Explanation:

A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you

So according to the given situation, the option A is correct

1. The license that let's you drive and tow most vehicles:
Is a class M license
O is a class B license
O is a class A license

Answers

it is a class B license

Which describes a challenge we might see if remote working was the norm.
A. businesses would have to pay building costs or rent a workspace
B. there would be more cars on the road for people having to drive to work
C. workplaces could be more flexible with hours and job assignments
D. it would be harder to find jobs because the applicant pool would be larger

Answers

A challenge that might come about if remote working was the norm is D. it would be harder to find jobs because the applicant pool would be larger

What are challenges of remote work?

A major challenge that remote work presents is that jobs would be harder to find thanks to there being a large applicant pool. This is because people can basically apply from anywhere in the world which means that with these many people applying, they's all have lower chances of getting employed.

Remote work does have some advantages however and they include businesses not having to rent workplaces and less cars on the road.

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Preparing as much as possible for your first day of work can help workers to ________. a. remember important tasks they have forgotten b. let employers see how hard working they are c. use up stores of nervous energy they have d. feel unprepared for their new challenges Please select the best answer from the choices provided A B C D

Answers

Answer:

Use up stores of nervous energy they have.

Explanation:

hopes this helps:)

Answer:

C

Explanation:

Use up stores of nervous energy they have. hope its right got you guys

Create a perfume overview. The brand name is Kelly.

Answers

Kelly is a luxury fragrance brand that offers a range of captivating and sophisticated scents. The brand's perfumes are designed to enhance the natural beauty and elegance of the wearer, and to evoke feelings of confidence and glamour. Each fragrance is carefully crafted with the finest quality ingredients, and is blended to create a unique and unforgettable scent. From fresh and floral to warm and spicy, Kelly offers a range of fragrances that cater to every personal taste and style. Whether you're looking for a daytime scent or a special-occasion perfume, Kelly has a fragrance that's perfect for you. So why not indulge in a little luxury and treat yourself to a bottle of Kelly perfume today?

What basic property right is NOT available to the holder of a life estate?
a. control
b. disposition
c. ownership
d. possession

Answers

C: Ownership is basic property right, which is not available to the holder of a life estate.

While the holder of a life estate has control, disposition, and possession rights over the property, they do not have ownership rights. A life estate grants an individual the right to use and enjoy a property during their lifetime, but ownership remains with another party, typically referred to as the remainderman. This means that the life estate holder cannot sell, transfer, or make permanent changes to the property without the permission of the remainderman.

They have limited rights and cannot pass ownership of the property to others through inheritance or will. The ownership of the property is retained by the remainderman, who gains full ownership rights upon the death of the life estate holder.

Option c is answer.

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Assuming LIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar. ) A. $228 B. $221 C. $216 D. $212

Answers

The correct option is C, assuming the company uses the perpetual inventory method. Under the perpetual inventory technique, the company's closing inventory on July 14 is $216.

"Last-In, First-Out" (LIFO) is an inventory accounting technique that firms use to determine the value of ending inventories and the cost of products sold. According to LIFO, older inventory items are presumed to be unsold and the most current or most recently created things are assumed to be sold first. The most current inventory items are used to determine the cost of products sold, which may have increased owing to inflation or other circumstances. This approach could lead to greater cost of products sold and lower reported earnings, which might have an impact on how much money enterprises owe in taxes. In sectors like the food or electronics industries, where inventory goods have a limited shelf life, LIFO is frequently employed.

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Match the following Teamwork Skills to their descriptions


1.
Cooperative


2.
Participates


3.
Flexible


4.
Committed


5.
Shares Openly

a.
You are willing to share ideas and knowledge
b.
You are involved in activities
c.
Works well with others
d.
You adapt to others' ideas
e.
You are responsible and dedicated

Answers

Answer:

See below

Explanation:

1.  Cooperative

Works well with others:  A cooperative person fits into teams easily. They willingly undertake tasks and requires no ''pushing'' to fulfill their obligations.

2.  Participates

You are involved in activities. It is getting involved in events, functions, or processes as opposed to spectating.

3.  Flexible

You adapt to others' ideas. A flexible person accepts and implements other people's ideas. They are not rigid and can work in different environments.

4.  Committed

You are responsible and dedicated. A committed individual shows enthusiasm and willingness to achieve the set goals

5.  Shares Openly

You are willing to share ideas and knowledge. One is not shy or mean in expressing their ideas and feeling with team members or third parties.

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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What source documents can be issued by Thandi to her customers name three types of documents

Answers

These source documents serve as evidence of the exchange between Thandi and her customers and are essential for record-keeping and financial reporting.

Sales invoices: Sales invoices are one of the most common source documents issued by Thandi to her customers. These documents include details such as the customer's name, date of sale, description of goods or services sold, unit price, total price, and any applicable taxes. Sales invoices are important because they provide customers with a detailed breakdown of what they purchased and how much they paid.
Receipts: Receipts are another type of source document that Thandi can issue to her customers. These documents serve as proof of payment and include details such as the date of the sale, the amount paid, and the method of payment. Receipts are particularly useful for customers who need to track their expenses and for Thandi's records as well.
Credit notes: If Thandi needs to issue a refund or credit to her customer, she can issue a credit note. These documents include details such as the customer's name, date of the sale, the original amount paid, and the amount being credited back. Credit notes are essential for record-keeping purposes and ensure that both Thandi and her customer have an accurate record of the transaction.
In conclusion, the source documents that Thandi can issue to her customers include sales invoices, receipts, and credit notes. These documents are essential for record-keeping, financial reporting, and serve as evidence of the transactions made between Thandi and her customers.

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Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true about these securities? (Assume market equilibrium.) a. Stock B must be a more desirable addition to a portfolio than A. b. Stock A must be a more desirable addition to a portfolio than B. c. The expected return on Stock A should be greater than that on B. d. The expected return on Stock B should be greater than that on A.

Answers

The expected return on Stock A should be greater than that on B must be true about these securities. Stock A's beta is 1.7 and Stock B's beta is 0.7.

Hence, option c. is correct.

(Assume market equilibrium.)Solution:Beta is a measure of stock price fluctuation or volatility. As a result, beta aids investors in determining the degree of systematic risk. Systematic risk is the possibility that the market will decline.

As a result, beta provides investors with a relative measurement of risk compared to the market at large.A beta of 1.0 indicates that the stock is precisely as risky as the market as a whole. A beta of less than 1.0 implies that the stock is less volatile than the market, while a beta of greater than 1.0 indicates that the stock is more volatile than the market. A beta of 0.7 indicates that the stock is less risky than the market.So, the expected return on Stock A should be greater than that on B because A has a higher beta than B and is hence riskier, so it should have a greater expected return. Hence, option c. is correct.

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Picture yourself as a CEO of a digital marketing company who is currently restructuring the chain of command and span of control for the company. Which organisational structure would you prefer? Justify. In this question, you are required to:

a) Explain "chain of command".
b) Explain "span of control".
c. Describe the patterns of "chain of command" and "span of control" in:
i. Tall organisation
ii. Flat organisation
d) Which organisational structure would you prefer? Justify.

Answers

a) Chain of command can be explained as the way an organization is structured to determine the authority relationships among members of an organization. Chain of command is the primary management principle that refers to the hierarchy of authority in which the organization's members respond to their higher-ups.

b) The span of control refers to the number of subordinates that a manager can effectively manage at a given time. It describes the range of subordinates who are under the control of a single supervisor or manager.

c) The chains of command and span of control can be explained as follows:
i. Tall Organization: In a tall organization, there are several levels of hierarchy and a narrow span of control. Each supervisor is responsible for managing a small number of subordinates.
ii. Flat Organization:In a flat organization, there are few levels of hierarchy and a wide span of control. Each manager is responsible for managing a large number of subordinates.

d) As a CEO of a digital marketing company, I would prefer a flat organizational structure with a wide span of control. A flat organizational structure with a wide span of control allows for quick decision-making and communication, encourages employee involvement, and enables the company to respond to changes in the market quickly.

The company can be flexible, responsive, and efficient with this type of organizational structure. The decision-making process will also be quick and straightforward. A flat organizational structure also facilitates communication between top management and employees. Thus, a flat organizational structure with a wide span of control would be the best option for my digital marketing company.

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The Full Employment and balanced Growth Act of 1978 formally established a specific unemployment target for the economy of

Answers

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of what percentage?

Answer:

4 percent

Explanation:

The Full Employment and Balanced Growth Act of 1978 formally established a specific unemployment target for the economy of 4 percent

The Act also declared that on or before the year 1983 the federal government should achieve an adult unemployment rate of at most 3 percent, a civilian unemployment rate of at most 4 percent, and an inflation rate of at most 3 percent.

Hence, in this case, the correct answer is 4 percent.

Your company has sent you an email telling you your department must increase the daily output goal of 120 widgets per hour, to 126 widgets per hour. Everyone on your team recognizes more efficient production will lead to more profit for the company, and a higher chance for a raise for each of them. As usual, you will hold a brief meeting explaining the new directive and provide the deadline as to when this new daily production goal must be met with regularity. The meeting ends after a couple of clarifying questions and answers, and you and your employees get back to work on meeting the deadline for the new goal. What management theory best describes the management style of this company? What leadership style will you employ to get the required increase in production of widgets your company requested? Why is this leadership style the best fit for this scenario?

Answers

Answer:

Participative Leadership style.

Explanation:

Participative leadership, also known as democratic leadership, is one in which the leader has the central focus of employee engagement and participation in important company decisions. In this style of leadership, the manager has a crucial role of being the main motivator and advisor of the team, being solicitous to guide, coordinate and assist his subordinates in all their work demands, so that the goals and organizational goals are achieved.

This style of participatory leadership would be more appropriate for this scenario as there are deadlines for completing tasks, which requires a motivated and productive team, which is essential in participatory leadership.

The motivation of employees is achieved due to clear and guiding communication from the leader, which creates the perception of inclusion and appreciation of the employee, who feels an essential and important part of the organization.

general history of banking

Answers

The history of banking dates back to ancient civilizations, where temples served as the first banks. People deposited their valuables, such as gold, in the temples, and in return, received a receipt or promissory note for the amount deposited. These promissory notes were the first form of paper money and could be used to pay for goods and services.

As societies became more complex, the need for specialized financial institutions arose. In medieval Europe, Italian merchant families, such as the Medici and the Bardi, established banks that provided loans to traders and financed international trade. In the 17th and 18th centuries, the establishment of central banks became common, with the Bank of England being the first in 1694. Central banks were responsible for managing a country's currency, monetary policy, and acting as a lender of last resort.

In the 20th century, the banking industry underwent significant changes. The establishment of the Federal Reserve System in the United States in 1913 marked a turning point in modern banking. The Federal Reserve had the authority to issue currency, set interest rates, and act as a lender of last resort. Today, banking has become a global industry, with banks offering a wide range of services, including loans, credit cards, investments, and insurance.

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Li would like to know what "managing up" means in the context of her being an HR professional.

How would
you briefly define "managing up" to Li?

Answers

In the context of being a HR professional, managing up would have to do with the management of the employees that are in an organization in terms of hiring and ensuring good conduct.

Who is a HR professional?

The five key responsibilities of human resources include managing talent, pay and benefits for employees, training and development, compliance, and workplace safety. By efficiently managing the employee lifecycle, an HR department may assist in providing organizational structure and the capacity to satisfy business demands.

They act as a conduit between potential employees and the businesses hiring. While some businesses utilize outsourcing techniques, others establish a human resources department under the direction or control of an HR manager.

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if i receive an insurance check for my car accident and it states: pay to the order of melissa snider and fox car repairs, i can cash the check and then pay fox car repairs for the service. t/f

Answers

If the insurance cheque for my auto accident says to "pay to the order of Melissa Snider and Fox Car Repairs," I can cash it and then pay Fox Car Repairs for the repair. False

A way to control your risk is through insurance. When you obtain insurance, you safeguard yourself against unforeseen financial losses. If something unfavourable occurs to you, the insurance company pays you or a person of your choice. If an accident occurs and you don't have insurance, you can be liable for all expenses. Insurance acts as a safety net for your finances, assisting you and your loved ones in recovering in the event of an emergency. Repair is to make whole again by putting something that is damaged or broken back together. repair a shoe means to rejuvenate or return to a sound or healthy state. Restore his strength: to make up for; atone; atone for. The act of repairing something or the state of having something mended. A fixed brake system on an automobile serves as an illustration of a repair. to revive, restore, or renew. one's health to be restored.

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3. If GDP is $10 million, consumer spending is $5million, Government is $3 milion, net exports is 1 million, how much is investment? A. $ 0 million B. $ 1 million C. $ 2 million D. $ 3 million​

Answers

Answer: C. 2 billion

81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is participating in: A) price fixing B) price discrimination C) psychological pricing D) predatory pricing E) bait and switch.

Answers

Answer:

E) bait and switch

Explanation:

BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.

Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.


Amit and Anil are partners sharing profits and losses in the ratio of 2: 1. Their Balance Sheet
31st March, 2023 was as follows:

Answers

Note that the financial account for Amit and Anil are evaluated below as follows.

What is the evaluation of Amit and Anil's account?

Revaluation Account

Particulars Amount (₹) Particulars Amount (₹)

To Stock A/c 4,000 By Building A/c 15,000

To Provision for Doubtful Debts A/c 3,000 By Machinery A/c 20,000

To Machinery A/c 20,000 By Amit’s Capital A/c 7,000

To Building A/c 15,000 By Anil’s Capital A/c 4,000

By Ankit’s Capital A/c 1,500

By Profit and Loss Adjustment A/c 27,000

Total 42,000 Total 42,000

Note: Stock is found overvalued by ₹4,000, so it is credited to the Revaluation Account. Provision for Doubtful Debts is created at 5% of debtors, which amounts to ₹3,000, and it is also debited to the Revaluation Account. Machinery is appreciated by ₹20,000, and building is appreciated by 10% of its original value, i.e., ₹15,000. These are debited to the Revaluation Account. The total debit in the Revaluation Account is ₹42,000.

Partners’ Capital Accounts

Amit’s Capital Account

Particulars Amount (₹) Particulars Amount (₹)

By Balance b/d 3,30,000 By Revaluation A/c 7,000

By Revaluation A/c 7,000 By Anil’s Capital A/c 6,000

By Anil’s Capital A/c 6,000 By Ankit’s Capital A/c 6,000

By Ankit’s Capital A/c 6,000 By Profit and Loss Adjustment A/c 12,000

By Profit and Loss Adjustment A/c 12,000 By Balance c/d 3,60,000

Total 3,51,000 Total 3,51,000

Anil’s Capital Account

Particulars Amount (₹) Particulars Amount (₹)

By Balance b/d 1,50,000 By Revaluation A/c 4,000

By Revaluation A/c 4,000 By Amit’s Capital A/c 6,000

By Amit’s Capital A/c 6,000 By Ankit’s Capital A/c 3,000

By Ankit’s Capital A/c 3,000 By Profit and Loss Adjustment A/c 6,000

By Profit and Loss Adjustment A/c 6,000 By Balance c/d 1,67,000

Total 1,62,000 Total 1,62,000

Ankit’s Capital Account

Particulars Amount (₹) Particulars Amount (₹)

By Cash A/c 1,00,000 By Goodwill A/c 60,000

By Goodwill A/c 60,000 By Revaluation A/c 1,500

By Revaluation A/c 6,000 By Amit’s Capital A/c 6,000

By Profit and Loss Adjustment A/c 3,000 By Anil’s Capital A/c 3,000

By Balance c/d 1,03,500

Total 1,69,000 Total 1,69,000

Note: Ankit brings in ₹1,00,000 as his capital and ₹60,000 as his share of goodwill for 1/4th share in profits. Goodwill is credited to Ankit’s Capital Account. The total credit in Ankit

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Full Question:

Although part of your question is missing, you might be referring to this full question:

Preparation of Revaluation 55. Amit and Anil are partners sharing profits and losses in the ratio of 2: 1. Their Balance Sheet as on 31st March, 2023 was as follows: Liabilities Sundry Creditors General Reserve Capital A/cs: Amit Anil 1,80,000 1,50,000 ₹ 58,000 12,000 3,30,000 4,00,000 Assets Cash in Hand Cash at Bank Sundry Debtors Stock Machinery Building { 5,000 45,000 60,000 40,000 1,00,000 1,50,000 4,00,000 Ankit is admitted as a partner on the date of the Balance Sheet on the following terms: (a) Ankit will bring in 1,00,000 as his capital and 60,000 as his share of goodwill for 1/4th share in profits. (b) Machinery is to be appreciated to 1,20,000 and the value of building is to be appreciated by 10% (c) Stock is found overvalued by ₹ 4,000. (d) General Reserve will continue to appear in the books of the reconstituted firm at its original value (e) A Provision for Doubtful Debts is to be created at 5% of debtors. (f) Creditors were unrecorded to the extent of ₹ 1,000. Prepare Revaluation Account and Partners' Capital Accounts. [Ans.: Gain (Profit) on Revaluation Account-27,000; Partners' Capital Accounts Amit- 2,40,000; Anil- 1,80,000; Ankit-1,00,000 Kailash ₹ ar ₹ Pa 58. F 3 Liabil Capit A B Sund

help do the 7 journal entries for each date please!!
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. April 2 Purchased $3,800 of merchandise from Lyon C

Answers

April 2: Purchased merchandise from Lyon C.

Account Titles & Explanation: Inventory (Lyon C) $3,800 Accounts Payable (Lyon C) $3,800(To record the purchase of merchandise from Lyon C)

April 3: Sold merchandise to customers for cash.

Account Titles & Explanation: Cash $2,500 Sales Revenue $2,500(To record the sale of merchandise for cash)

April 6: Purchased merchandise from Mountain Co.

Account Titles & Explanation: Inventory (Mountain Co) $4,200 Accounts Payable (Mountain Co) $4,200(To record the purchase of merchandise from Mountain Co)

April 8: Sold merchandise to customers on account.

Account Titles & Explanation:Accounts Receivable $5,000 Sales Revenue $5,000(To record the sale of merchandise on account)

April 11: Received payment from customers on account.

Account Titles & Explanation:Cash $5,000 Accounts Receivable $5,000(To record the receipt of payment from customers on account)

April 13: Returned merchandise to Lyon C.

Account Titles & Explanation:Accounts Payable (Lyon C) $1,000 Inventory (Lyon C) $1,000(To record the return of merchandise to Lyon C)

April 15: Sold merchandise to customers on account.

Account Titles & Explanation:Accounts Receivable $6,000 Sales Revenue $6,000(To record the sale of merchandise on account)

It is important for a retail store to prepare and record the journal entries accurately as this ensures that the financial records of the company are reliable. The transactions need to be recorded in a timely manner so that the information is up-to-date and can be used by the management for decision-making purposes.In this case, the retail store uses a perpetual inventory system and the gross method. The perpetual inventory system keeps track of inventory levels in real-time and the gross method assumes that all sales are made for the full selling price.The journal entries for the seven transactions that have been given have been recorded accurately using the correct account titles and explanations. The first transaction was the purchase of merchandise from Lyon C on April 2 for $3,800. The journal entry to record this transaction was to debit Inventory (Lyon C) for $3,800 and credit Accounts Payable (Lyon C) for $3,800.The second transaction was the sale of merchandise to customers for cash on April 3 for $2,500. The journal entry to record this transaction was to debit Cash for $2,500 and credit Sales Revenue for $2,500.The other transactions that took place during the month of April included the purchase of merchandise from Mountain Co for $4,200, the sale of merchandise to customers on account for $5,000, the receipt of payment from customers on account for $5,000, the return of merchandise to Lyon C for $1,000, and the sale of merchandise to customers on account for $6,000.All these transactions were recorded accurately using the correct account titles and explanations. This ensures that the financial records of the company are reliable and can be used by the management for decision-making purposes.

In conclusion, it is important for a retail store to prepare and record journal entries accurately using the correct account titles and explanations. This ensures that the financial records of the company are reliable and up-to-date, which can be used by the management for decision-making purposes. The journal entries for the seven transactions that have been given have been recorded accurately using the correct account titles and explanations.

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Consider a Keynesian economy and assume the economy is initially in general equilibrium. a) If the govt raises tax to finance an increase in govt spending, how would desired national saving be affected? Explain briefly and illustrate using a graph. b) Use the IS-LM-FE model to explain how the economy will respond to the expansionary fiscal policy in the short run and in the long run and illustrate using a graph. Now consider a keynesian small open economy and the domestic price level is fixed initially. c) in a flexible exchange rate system, explain briefly how the economy will respond to fiscal expansion in the short run and in the long run and illustrate using a graph. d) in a fixed exchange rate system, explain briefly how the economy will respond to fiscal expansion in the short run and in the long run and illustrate using a graph.

Answers

The desired national saving in a Keynesian economy would decrease when the government raises taxes to finance an increase in government spending.

In the short run, this expansionary fiscal policy leads to a decrease in disposable income, causing a decrease in consumption and saving. Graphically, the saving function would shift downward. In the long run, the decrease in desired national saving may be mitigated by an increase in investment due to higher government spending, but the overall effect would still be a decrease in desired saving.

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Which of the following is NOT a part of reviewing and revising the financial plan?
-developing an action plan which identifies ways to achieve the goals
-regularly assessing the financial decisions
-taking a complete review of finances at least once a year
-making priority adjustments which will being financial goals in like with current life situation

Answers

Answer:

Developing an action plan which identifies ways to achieve the goals.

Explanation:

Reviewing & Revising the Plan

Involves:

regularly assessing the financial decisions

taking a complete review of finances at least once a year

making priority adjustments which will bring financial goals in line with current life situation

krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.

Answers

The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.

What is the Linear equation?

A linear equation is defined as an equation in which the highest power of the variable is always one.

Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.

Let y represent the total number of pieces Krysta would learn,

And x represent depends on the number of months of piano lessons,

According to the given situation, we can write the equation would be as:

⇒ y = 3x

Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.

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MARK MORE THAN ONE PLS!!!!!!!! HELP!!!!
Where can you look to find marketing materials from competitors to learn about their products? Mark all that apply.
A. TV Advertisements
B. Social Media
C. Sales flyer
D. The radio

Answers

the answer is A and B

Businesses that offer flexible hours allow their workers to arrive at work whenever they feel like it. please select the best answer from the choices provided t f

Answers

A flexible schedule permits an employee to work hours that deviate from the typical start and stop times of the organization.

Is it good to have a flexible schedule?

Flexible employment is no longer limited to gig workers or freelancers; many "conventional" firms are also providing flexible schedules to their employees.

Flexible schedules help employees, and wise companies understand that giving flexible schedules benefits them as well. From being a green company to having a competitive advantage in recruitment and boosting diversity, the advantages of flexible work for businesses can help your organization stay ahead of the competition.

Thus, The statement is False.

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Which of the following is NOT part of the promotional mix?

Question 20 options:

Physical Distribution


Public Relations


Advertising


Sales Promotion

Answers

Answer:

A- Physical Distribution

Explanation:

Advertising.Public relations or publicity.Sales promotion.Direct marketing.Personal selling.

Physical Distribution is part of marketing mix therefore it is A.

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