The transactions and adjustments related to the first month of operations of Zoe Amelia Corp. were as follows: a. Issued common stock to the initial stockholders in exchange for their cash investment. b. Signed a lease for office space and paid the first three months of rent in advance. c. Purchased office equipment and shelving for cash. d. Purchased merchandise inventory; made a partial payment in cash, and agreed to pay the balance within 30 days. e. Sold merchandise inventory on account for an amount greater than the cost of the inventory sold. f. Paid employees for the first two weeks of the month. g. At the end of the month, accrued wages owed to employees for the second two weeks of the month. h. Recognized rent expense for one month of the payment of rent in advance in transaction b (as a reclassification adjusting entry).
Answers
By analyzing and recording these transactions and adjustments: the company can accurately report its financial position and results of operations for the first month.
a. Issued common stock: This transaction involves the issuance of common stock to initial stockholders in exchange for their cash investment. This increases the company's equity.
b. Lease payment: The company signed a lease for office space and paid the first three months of rent in advance. This transaction decreases cash and creates a prepaid rent asset.
c. Office equipment purchase: The company purchased office equipment and shelving for cash, which decreases cash and increases the asset account for office equipment.
d. Merchandise inventory purchase: The company purchased merchandise inventory, making a partial cash payment and agreeing to pay the balance within 30 days. This transaction increases the inventory account and creates an accounts payable liability.
e. Merchandise inventory sale: The company sold merchandise inventory on account for an amount greater than the cost of the inventory sold. This transaction increases accounts receivable and records revenue, while decreasing inventory and recognizing the cost of goods sold expense.
f. Employee payment: The company paid employees for the first two weeks of the month, which decreases cash and recognizes wage expense.
g. Accrued wages: At the end of the month, the company accrued wages owed to employees for the second two weeks of the month. This transaction increases wage expense and creates a wages payable liability.
h. Rent expense recognition: The company recognized rent expense for one month of the payment of rent in advance in transaction b, as a reclassification adjusting entry. This transaction decreases the prepaid rent asset and records rent expense for the month.
By analyzing and recording these transactions and adjustments, the company can accurately report its financial position and results of operations for the first month.
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Complete question:
The transactions and adjustments related to the first month of operations of Zoe Amelia Corp. were as follows:
a. Issued common stock to the initial stockholders in exchange for their cash investment.
b. Signed a lease for office space and paid the first three months of rent in advance.
c. Purchased office equipment and shelving for cash.
d. Purchased merchandise inventory; made a partial payment in cash, and agreed to pay the balance within 30 days.
e. Sold merchandise inventory on account for an amount greater than the cost of the inventory sold.
f. Paid employees for the first two weeks of the month.
g. At the end of the month, accrued wages owed to employees for the second two weeks of the month.
h. Recognized rent expense for one month of the payment of rent in advance in transaction b (as a reclassification adjusting entry).
Related Questions
Externalities and Public Goods End of Chapter Problem a. A national forest with dozens of access points for hiking trails located along public roads and highways is and excluders rival/non-rival non-excludable b. Yellowstone National Park, which charges an entrance fee, ist NE c. National defense is E/NE and RIUR EINE RENE d. A seat on a subway train is E
Answers
A. A national forest with dozens of access points for hiking trails located along public roads and highways is nonexcludable and nonrival. B. Yellowstone National Park, which charges an entrance fee, is excludable and nonrival. C. National defense is nonexcludable and nonrival. D. A seat on a subway train is excludable and rival.
The characteristics of excludability and rivalry are important in understanding the nature of different goods and services. A national forest with multiple access points for hiking trails along public roads is nonexcludable, meaning that it is difficult to prevent anyone from using the trails. Additionally, it is nonrival, as one person's use does not diminish the ability of others to enjoy the trails. In contrast, Yellowstone National Park charges an entrance fee, making it excludable, as individuals can be denied entry without payment.
However, it remains nonrival, as one person's visit does not impact others' ability to visit. National defense is nonexcludable and nonrival, as it protects the entire population regardless of individual contributions. On the other hand, a seat on a subway train is both excludable, as access can be controlled, and rival, as only one person can occupy it at a time.
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------------The given question is incomplete, the complete question is:
"Externalities and Public Goods End of Chapter Problem:
a. A national forest with dozens of access points for hiking trails located along public roads and highways is ______________.
b. Yellowstone National Park, which charges an entrance fee, is____________.
c. National defense is ___________.
d. A seat on a subway train is ___________.
note: answer choices are nonexcludable/excludable and rival/nonrival"-------------
How have advancements in technology affected advertising? Write a paragraph with three examples.
Answers
The advancement in technology affected advertising in the manner that increased the number of platforms, which raised the number of audiences.
What is Advertising?The practice and strategies used to draw attention to a product or service are referred to as advertising. Advertising seeks to bring attention to a product or service by putting it in the limelight.
Technological breakthroughs resulted in the advent of computers, the internet, and smartphones, which connected billions of people's lives.
Not only has the number of platforms expanded, but so has the clarity of audience data, which has supported industry growth. There is a better understanding of who is consuming stuff. To customize your marketing communications, you can leverage data from the first, second, and third parties.
Because of the internet and programmatic advertising, advertisers may now target consumers across hundreds of digital channels.
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Enter Mia’s total profit/loss for the month may account in the box below
Answers
Add total fixed and total variable expenses to get total expense.
9,000 + 300 = 9,300
Total expense = 9,300
To get total profit/loss, less total expenses from total revenue.
Total revenue = 9,500
9,500 - 9,300 = 200
Total profit/loss = $200
Out of the choices provided above, it can be concluded to state that the total accounting profits for Mel for the month of May as per the financial statements given above will amount to a total of $200. Therefore, the option D holds true.
What is the significance of accounting profits?The accounting profits can be referred to or considered as the profits that lead to a total of surpluses of cash balances and reserves for a particular accounting period. If the amount is not in excess of the expenses, it expresses a condition of an accounting loss for the firm.
In the situation given above, Mel's revenues were $9500, but her expenses were $9000 fixed and $300 variable. So, the accounting profits will be $200, i.e., $9500-($9000+$300)
Therefore, the option D holds true and states regarding the significance of accounting profits.
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The missing options are added below for better reference.
A. -$200
b. $300
c. $500
d. $200
what is the goal of effective marketing research studies?
Answers
Answer:
The goal is to identify and assess how changing element of the marketing mix impact customer behavior.
colette sends text messages to her preferred customers announcing the arrival of each season's new clothing. what marketing channel is she using?
Answers
Colette sends text messages to her preferred customers announcing the arrival of each season's new clothing. The marketing channel she is using is called mobile marketing
What is mobile marketing?Generally, Mobile marketing is a multi-channel, digital marketing approach that aims to contact a target audience using mobile devices such as smartphones, tablets, and other mobile devices, as well as through the use of websites, email, SMS and MMS, social media, and applications.
Colette notifies the consumers who are most important to her business—via text message—when the new clothes for each season have arrived. The kind of marketing that she engages in is referred to as mobile marketing.
People, organizations, and actions that are required to move ownership of commodities from the site of production to the point of consumption make up what is known as a marketing channel.
It is sometimes referred to as a distribution channel, and it is the path that goods take on their route to being used by the final customer.
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Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
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The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
do not understand what you are saying
which of the following best completes the diagram? a. major credit card networks b. companies that handle the worldwide processing of credit card transactions c. companies that set the transaction terms for credit card companies d. all of the choices
Answers
major credit card and networks
What determines the efficiency of an organization?
a. organization
b. mission
c. action plan
d. objectives
Answers
Answer:
I think it is A but I am not completly sure please tell me what the correct awnser if i am wrong
Explanation:
Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the environmental issue you chose affects the relationship between household and government.
Answers
Answer:
Household and government are related to each other in terms of economic unit. Household pay taxes to government and then government use that money for the people. Household earn the money by working in firms or by running their own business.
Environmental issues such as air pollution can affect the relationship between household and government. Popleuses their own transport to go to firms and the number of vehicles are increasing day by day which causes air pollution.
The government can form policies against personal transport and convince people to use public transport which will be beneficial for government as government will directly get money from household.
In terms of an economic unit, the household and the government are linked. Households pay taxes to the government, which are subsequently used to benefit the people.
Households generate money through working in businesses or starting their own.
Capital, labor, land, and entrepreneurship are all components of the factor market. Business—look for ways to minimize expenses and pollute the environment (land), for their employees (labor) to avoid disease, and; For future capital investment in cleaner manufacturing.For more information related to the circular flow diagram, refer to the link:
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In what type of economy does the government decide how economic resources will be allocated?
Answers
Centrally planned economy. An economy in which the government decides how to allocate economic resources.
What is an example of an economic plan?
Japan is the most prominent example of economic planning within a capitalist framework. Governments and industry work closely together in planning investment patterns, research and development, and export strategies. See also the capitalism, communism, socialism, zaibatsu.
When did the planned economy start?
The planned economy has its origins in the Soviet Union after World War II. It was later expanded to the economies of Eastern European countries. By the end of the 20th century it had been replaced by virtually all countries that used it (no 100% pure systems were used).
Is America a planned economy?
The United States has a mixed economy that exhibits characteristics of both capitalism and socialism. Such mixed economies embrace free markets when it comes to capital use, but also allow government intervention for the common good.
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the branch of economics which studies the behavior of entire economies and policies that affect the economy as a whole is called
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The branch of economics that studies the behavior of entire economies and policies that affect the economy as a whole is called Macroeconomics."
What is macro economics?Macroeconomics focuses on factors such as aggregate production, employment, inflation, monetary and fiscal policies, economic growth, and the overall functioning and performance of the economy.
It analyzes the interrelationships and dynamics among different economic sectors and variables to understand the broader picture and make policy recommendations at the national or global level.
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Reflective journal on impacts of unionization, why you choose
this topic and how it impacts on you?
Answers
I will provide you with a general explanation of a reflective journal on impacts of unionization.
What is unionization?Unionization is the act of forming or joining a labor union to advocate for better working conditions, wages, and benefits.
How unionization impacts workers and organizations:
Unionization benefits workers by giving them a collective voice in negotiations with employers. Employees who belong to a union generally receive better wages, benefits, and working conditions. Unionized workers also have more job security and are better protected from discrimination, harassment, and unfair treatment in the workplace. However, unionization can lead to higher labor costs for employers and create tension between unionized and non-unionized employees. Organizations must also negotiate with union representatives on issues such as wages, hours, and working conditions, which can be time-consuming and costly.How to write a reflective journal on impacts of unionization:
Begin by writing about why you chose this topic, and what you hope to learn from reflecting on it. As you continue to write, consider the following questions:-
How has unionization impacted workers and organizations?
- Have you ever belonged to a union or worked for an organization that was unionized?
How did this impact you?
- What are the benefits and drawbacks of unionization, from both the employee and employer perspective?
- What can be done to address the challenges and opportunities of unionization in today’s workforce?
- What role do you see unions playing in the future of work?
As you reflect on these questions, consider your personal experiences and opinions, and how they shape your understanding of the impacts of unionization.
Remember that the goal of a reflective journal is not to arrive at a single “correct” answer, but rather to engage in a thoughtful, honest, and open-ended exploration of a topic.
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clara can spend her afternoon doing one of three things: she can study economics, plant a sapling in her garden, or wash her car. suppose she values spending time in the garden most; next her time washing the car; and her time studying economics the least. what is the opportunity cost of planting a garden?
Answers
The opportunity cost of planting a garden will be washing her car.
What is the opportunity cost?It should be noted that opportunity cost simply means the real cost of forgone alternative. It should be noted that it has to do with what we forgo in order to get something else.
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
In this case, the opportunity cost of planting a garden will be washing her car. It should be noted that this is what she forgoes for the garden.
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All the following were true of the American economy under Cotton Kingdom EXCEPT a the South reaped all the profits from the cotton trade. b 75 percent of the British supply of cotton came from the South. c quick profits from cotton drew planters to its economic enterprise. d the South produced more than half the entire world's supply of cotton. e cotton accounted for half the value of all American exports after 1840.
Answers
Answer:
a) the South reaped all the profits from the cotton trade.
Explanation:
Cotton grown in the southern states of the US helped to start the industrial revolution in the United Kingdom and northern states in the US. Even though cotton was not grown in northern states, the factories that processed cotton were located there. The south provided the raw materials and the north provided the final processed goods.
Active management necessarily implies very high portfolio turnover in an attempt to beat the Market Portfolio.
A. TRUE
B. FALSE
Answers
A. TRUE Active management refers to the practice of attempting to outperform the market by actively buying and selling securities in a portfolio. The goal is to generate returns that are higher than the market benchmark.
However, this approach requires high portfolio turnover, meaning that the manager frequently buys and sells securities in an attempt to stay ahead of market trends. As a result, active management typically incurs higher transaction costs and taxes than passive management, which seeks to replicate the returns of the market benchmark with a low-cost, low-turnover portfolio. Therefore, the statement "Active management necessarily implies very high portfolio turnover in an attempt to beat the Market Portfolio" is true.
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Jeffrey is having a busy day
Answers
Answer:
Tell Jeffery to take a nap
Explanation:
What are the 4 main types of derivatives?
Answers
Derivatives come in four different varieties: forwards, futures, options, and swaps.
What is a derivative?A derivative is a financial contract whose value is derived from the performance of the underlying asset. In order to acquire access to markets or assets that would otherwise be difficult to trade, one can utilize derivatives for a variety of purposes, including hedging against price changes, increasing exposure to price swings for speculating, or all of the above. Some of the most well-known derivatives are forwards, futures, options, swaps, and derivatives of these such credit default swaps and synthetic collateralized debt obligations. Contrary to the bulk of insurance contracts, which have developed into their own industry, most derivatives are traded over-the-counter (off-exchange) or on exchanges like the Chicago Mercantile Exchange. Derivatives, along with equity (i.e., stocks or shares) and debt, are two of the three main categories of financial instruments.
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Can someone help me with this?
You are responsible for an automobile accident. Use the information below to determine:
The total amount your liability insurance will pay for the accident
The total amount your collision insurance will pay for the accident
The number of additional damages you are responsible for as a result of the accident
You and the driver of the other car were the only people involved in the accident. There were no injuries from the accident.
You have a 50/100/50 liability insurance policy with no deductible
You have collision insurance with a deductible of $500
The other car was valued at $25,000 and requires $10,000 in repairs
Your car was valued at $20,000 and requires $15,000 in repairs
Answers
Answer:
omg you have any idea
Answer:
Based on the type of insurance you have and the people involved in the accident, the total amount of liability you will pay is $25,000.
The total amount that your collision insurance will pay is $24,500 and the amount of additional damages you will pay is $0.
What is the total amount you will pay?
The coverage is 50/100/50 means that the insurance company will pay up to $50,000 for damages.
This means that the cost to repair both cars will be covered as it is less than $50,000:
= 10,000 + 15,000
= $25,000
There will be no additional damages.
The amount you will pay personally will be the $500 deductible which means that insurance will pay:
= 25,000 - 500
= $24,500
there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answers
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
Pedro is a very talented young man who lives in a small, remote town in the mountains. He gets good grades, plays in the band, and is active in the drama club. He is close to his large family and wants a career that will allow him to maintain his current life style. What career option should Pedro consider? A. Teacher B. Musician C. Actor D. TV personality
Answers
Answer:
A. Teacher
Explanation:
If Pedro chooses to become an actor, a musician, or a TV personality, and was successful, he wouldn't be able to maintain his current life style. In order to try to be successful, he would have to move to a large city by his own. Musicians, actors and TV personalities earn money depending on their popularity, and remote towns in the mountains are not very densely populated.
In the past few years, the internet has helped some people to become influencers or has helped musicians to become famous and earn money, but most of them eventually had to do things in the real world, not only the internet in order to remain popular.
in order to effectively use price competition as a sustainable competitive advantage, a firm must have _____.
Answers
Answer:
the lowest cost
Explanation:
the lowest cost is correct answer
the lowest cost is correct
(Hope this Helps can I pls have brainlist (crown)☺️)
which of the following is not a product cost under variable costing?
Answers
One strategy U.S. manufacturers have employed in order to become more competitive is
Multiple Choice
increasing advertising budgets.
creating technology foreign manufacturers depend on to increase effectiveness and efficiency.
focusing on providing the lowest-priced products.
maintaining a distance relationship with suppliers in an effort to guard trade secrets.
Answers
Answer:
creating technology foreign manufacturers depend on to increase effectiveness and efficiency.
Explanation:
Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.
Generally, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.
One strategy U.S. manufacturers have employed in order to become more competitive is creating technology foreign manufacturers depend on to increase effectiveness and efficiency.
This ultimately implies that, U.S. manufacturers will have to continue to be innovative so as to improve, strengthen or fortify their manufacturing base in the future.
Additionally, U.S. manufacturers will have to be reliant on advanced technology and an interconnected network (internet) to unite various companies in order to become more competitive.
What do you know about contracts?
Answers
Answer:
a contract is worth money for what your doing
True or false. Brainly is mostly wrong :/
Answers
Answer:
it depends sometimes hahah
Explanation:
I mean sometimes they give you the right answer and sometimes not
what is the study of business
Answers
Explanation:
The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day
Explanation:
business studies is an academic subjects taught in many schools and higher education institutions in the world .
With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these is correct.Companies should use standardized forms (developed for general use by any company) as much as possible.The most effective sequence is to start with an application blank and follow up with a series of interviews.The least costly tools should be used first.Under Affirmative Action guidelines, a company is not allowed to use psychological tests.
Answers
The companies should use the standardized forms because it is the most effective and guarantee quality selection.
Let understand that Selection tools are those tools used in selection process of hiring qualified applicant for a job.
The various method of selecting qualified applicant include:
Preliminary screeningPhone interviewsFace-to-face meetings etcThe standardization form of selecting applicants is most effective because its means that the process have been established and guarantees quality selection.
Therefore, Option A. is correct.
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What economic system is “prices by the government”?
Answers
Describe how easy or difficult you feel it will be to leave your investments alone for at least five years. Explain why. How can you remind yourself of the benefits of staying invested for the long term? HELP
Answers
The ease or difficulty of leaving investments untouched for at least five years can vary from person to person based on their individual circumstances and mindset.
Here are some factors that may influence one's ability to stay invested for the long term:
Financial goals and stability: If an individual has clear long-term financial goals and a stable financial situation, they may find it easier to stay invested. Knowing that the investments are aligned with their objectives and are part of a well-thought-out plan can provide confidence and motivation to stay invested.
Risk tolerance: A person's risk tolerance, or their willingness to accept fluctuations in the value of their investments, can impact their ability to stay invested. If someone is more risk-averse and gets easily anxious about market volatility, they might find it more challenging to resist the urge to sell during periods of market downturns.
Emotional discipline: Emotional discipline plays a crucial role in long-term investing. It requires the ability to detach oneself from short-term market fluctuations and make rational decisions based on long-term trends and goals. Developing emotional discipline can help individuals resist impulsive actions driven by fear or greed.
To remind oneself of the benefits of staying invested for the long term, consider the following strategies:
Education and research: Learn about the historical performance of the market over the long term and how staying invested can potentially yield higher returns. Understanding the power of compounding and the benefits of staying invested can provide motivation to remain committed.
Focus on long-term goals: Regularly remind yourself of your long-term financial goals and how staying invested aligns with those objectives. Visualize the impact of long-term growth and the potential benefits it can bring, such as retirement security or funding major life milestones.
Seek professional advice: Consult with a financial advisor who can provide guidance and reassurance during periods of market volatility. They can help you stay focused on your long-term strategy and provide perspective on market fluctuations.
Diversify your portfolio: A well-diversified portfolio can help reduce the impact of market volatility and increase the chances of long-term success. Knowing that your investments are spread across different asset classes and sectors can provide a sense of stability and confidence.
Set up reminders: Use tools such as calendar reminders or investment tracking apps to periodically review your investment performance and reinforce the importance of staying invested for the long term. These reminders can help you stay engaged and committed to your investment strategy.
Remember, every investor's situation is unique, and it's essential to assess your own circumstances and risk tolerance before making any investment decisions. If you're uncertain, consider consulting with a financial professional who can provide personalized advice based on your specific goals and risk profile.
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