1. Telephone Expenses (February) 4,000 Accounts Payable 4,000
2. Bad Debts Expense 3,000 Provision for Bad Debts 3,000
3. Increase in Trading Inventory 2,000 Cost of Sales 2,000
4. Increase in Stationery 1,000 Stationery Expense 1,000
5. Increase in Provision for Bad Debts 700 Provision for Bad Debts 700
6. Directors' Fees Expense 14,000 Accrued Directors' Fees 14,000
7. Prepaid Insurance 6,000 Insurance Expense 6,000
8. Mortgage Loan Interest Expense 9,800 Interest Payable (Mortgage Loan) 9,800
9. Fixed Deposit Interest Receivable 10,000 Interest Revenue (Fixed Deposit) 10,000
10. Depreciation Expense - Equipment 72,000 Accumulated Depreciation - Equipment 72,000
11. Depreciation Expense - Vehicles 37,600 Accumulated Depreciation - Vehicles 37,60012. Income Tax Expense 39,860 Income Tax Payable 39,860
1. The telephone expenses for February of R4,000 are recorded as an accounts payable.2. The account of the insolvent debtor, P. Martin, is written off, resulting in a bad debts expense of R3,000.
3. The stocktaking reveals an increase in trading inventory by R2,000, which is recorded as an expense in the cost of sales.4. The stocktaking reveals an increase in stationery by R1,000, which is recorded as an expense.
5. The provision for bad debts is increased by R700 to account for potential future bad debts.6. Directors' fees of R14,000 that were unpaid are accrued as an expense.
7. The prepaid insurance amount of R6,000 is recorded as an insurance expense.8. The outstanding interest on the mortgage loan, R9,800, is recognized as an interest expense.
9. The interest receivable on the fixed deposit of R10,000 is recognized as interest revenue.10. Depreciation expense of R72,000 is recorded for the equipment.
11. Depreciation expense of R37,600 is recorded for the vehicles.12. The income tax expense of R39,860 is recorded for the financial year.
(Note: The remaining adjustment regarding the dividend amount is not mentioned in the provided information.)
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for a bond issue that sells for less than the bond face amount, the effective interest rate is: group of answer choices more than the rate stated on the face of the bond. less than the rate stated on the face of the bond. the rate printed on the face of the bond. the wall street journal prime rate.
The market rate of interest is higher than the advertised rate of interest when a bond issuance sells for less than its face value.
A discount bond is one that has been issued for a lower price than its face value. Discount bonds may also refer to bonds that are presently selling on the secondary market for less than their face value. If a bond is sold for a large discount from par value, often 20% or more, it is said to be a deep-discount bond. The effective interest rate for a bond issuance that sells for more than the bond face amount is: Less than the rate specified on the face of the bond. By using the effective interest method and selling bonds at a premium, the cash paid at each future interest payment date is: More than the effective interest.
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Question 6 of 10
The optional feature in a business letter is the:
A. date.
B. inside address.
C. closing.
D. reference.
Answer:
D would be the correct answer
Explanation:
Answer: reference
Explanation: ape x
The prosecutor replies that the Bill of Rights does not protect you from state actions. Is the prosecutor correct? Why or why not
Answer:
I would say no, because the bill of rights refers to ALL Americans. I might be wrong tho.
Which commercial bank activity generates the least amount of interest income? Bank service charges on checking accounts O Business Loans O Mortgage Loans O Agricultural Loans
The commercial bank activity that generates the least amount of interest income is bank service charges on checking accounts. Option 1.
The primary benefit of checking accounts is the ability to store money you intend on spending, either through debit card transactions, checks, or cash withdrawals.
These charges are typically small and are often used to cover the costs associated with maintaining and servicing checking accounts, rather than generating significant interest income for the bank.
In contrast, business loans, mortgage loans, and agricultural loans typically generate much higher interest income for commercial banks.
Hence, the right answer is option 1. Bank service charges on checking accounts.
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How do I quit my job as cashier already wrote resignation letter
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?
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.
zone of industry and poorer quality housing in urban models is called _____
Zone of industry and poorer quality housing in urban models is called industrial/residential interface.
What is the term used to describe the zone of industry and poorer quality housing in urban models?The zone of industry and poorer quality housing in urban models is commonly referred to as the "industrial/residential interface." This term highlights the transitional area where industrial activities and residential areas intersect often characterized by a mix of factories, warehouses, and lower-quality housing.
In these zones, there is a coexistence of industrial operations and housing units, which may result in environmental concerns, noise pollution and substandard living conditions for residents. The industrial/residential interface is a crucial aspect of urban planning and requires careful consideration to balance the needs of industry and the well-being of the community
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What is the difference between a planned market economy and a mixed market economy?
Answer:in centrally planned economy market the means of production are predominantly owned by the state while in mixed economy the means of production are owned and controlled by both government and private persons. It is a mixture of planned and free enterprises
Explanation:
The most common tactic followed in process-layout planning is to arrange departments or work centers so they: A) minimize the cost of skilled labor. B) maximize the machine utilization. C) are equally allocated within the available space. D) minimize the costs of material handling. E) produce a perfectly balanced assembly line.
The most important tactic in the process layout planning is to minimize the costs of material handling.
The correct answer to this question is option D. In the manufacturing or engineering department, process layout is a floor plan design for a plant. The goal of this is to raise efficiency.
To raise the efficiency, each of the equipment would have to be arranged based on the functions that they serve. This reduces the cost of material handling.
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you have to talk about trade between different nations,Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words, discuss how you have personally benefited from trade and provide at least 2 examples. Identify 1 positive impact of trade on your life and 1 way that you have been negatively impacted also. you have to talk about trade between different nations
Answer:
hi u can be my friend
Explanation:
old plz
Four ways businesses use technology for marketing
Technology has revolutionized the way businesses conduct their marketing activities. Here are four ways businesses use technology for marketing:
1. Social Media Marketing: Social media platforms such as Face/book, Tw/itter, Inst/agram and Lin/kedIn have become essential for businesses when it comes to reaching a larger target audience. These platforms allow businesses to engage with customers and build brand recognition.
2. Email Marketing: Email is still one of the most effective ways to reach customers. By using email marketing software, businesses can design and send personalized emails to a large group of customers at once.
3. Content Marketing: Businesses use various forms of content such as blog posts, videos, infographics and e-books to attract and educate customers. By providing valuable information, businesses can establish themselves as experts in their industry and build trust with their audience.
4. Search Engine Optimization (SEO): SEO is the process of optimizing your website to rank higher in search engine results pages (SERPs). By using techniques such as keyword research, link building and on-page optimization, businesses can improve their website's visibility and attract more organic traffic.
Overall, technology has made marketing more accessible and cost-effective for businesses of all sizes. By leveraging these four strategies, businesses can build a strong online presence and grow their customer base.
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According to the Field book, in 2010, Hispanic workers made up ___ percent of the California labor force. Group of answer choices 44.9 33.5 5.3 16.3
The correct answer is 16.3 percent of the California labor force.
16.2% of the workforce in the United States is made up of Hispanic people, who represent a diverse range of socioeconomic origins. Mexican-born employees make up the vast majority of the Hispanic workforce (62.1%), by far (14.9 million). Latinos make up 13.6% of the working population nationwide. Current Population Survey, U.S. Department of Labor, Bureau of Labor Statistics Table 3. There are no comprehensive statistics by industry or occupation for 1915, although the decennial censuses provided data for 1910 and 1920. Less than 1% of persons who are now employed work in farm vocations, compared to 31% of "gainful employees" in 1910 and 27% in 1920. In table 2,
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What can help you meet your budget while shopping for
important items?
It is known as consumer skills.
Explanation:
Prioritizing to meet your needs. Making a good purchasing decision requires in order to meet your budget while shopping for important items.
Following are the points to follow while shopping for important items:
Buying the item with the best features. Making a list of your wants to meet your needs.Prioritizing features to meet your needs.Compare the prices of products while shoppingWait for the promotionsUse coupons and promo codes Buy used products or second-hand productsBuy at the right timeDon't be afraid to negotiateConsider the qualityIn conclusion, saving money on important purchases requires a little effort and patience, but it's worth it in the end. By comparing prices, waiting for promotions, using coupons and promo codes, buying used products, buying at the right time, negotiating the price, and considering quality, you can find ways to spend less on important purchases.
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To meet your budget while shopping for important items, you can compare prices, take advantage of sales and discounts, and create a budget to avoid overspending.
Explanation:When shopping for important items, there are several things that can help you meet your budget:
Price comparison: Compare prices of the same item at different stores or online platforms to find the best deal.Sales and discounts: Look for sales, discounts, or promotional offers that can help you save money on your purchases.Budgeting: Create a budget and list the important items you need to buy. Stick to the budget and avoid impulsive purchases that may strain your finances.By implementing these strategies, you can make smarter purchasing decisions and stay within your budget.
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a set of values and the operations that can be carried out with those values are called
A set of values and the operations that can be carried out with those values are called a data type.
A data type defines a set of values and a set of operations that can be performed on those values.
Different programming languages have different data types, but some common data types include integers, floating-point numbers, characters, and strings.
Each data type has its own set of operations that can be performed on it, such as addition, subtraction, multiplication, and division.
Understanding data types is important in programming, as it helps developers choose the right data type for their application and ensures that the data is stored and manipulated correctly.
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Is profit the same as cash flow?
Answer:
No
Explanation:
Cash flow refers to the money that flows in and out of your business. It's income and expenses.
Profit, however, is the money you have after deducting your business expenses from overall revenue. Both are important, but cash flow is essential to keep your business running in the here and now.
the group of consumers most likely to purchase a particular product are called a
Answer:
A target market.
Explanation:
The group of consumers most likely to purchase a particular product is called the target market.
What is a target market?A target market is a group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle.
Identifying the target market is a key part of the decision-making process when a company designs, packages, and advertises its product. A new product must satisfy a need or solve a problem, or both. That need or problem is probably not universal unless it reaches the level of indoor plumbing. More likely, it is needed by a subset of consumers, such as environmentally-conscious vegetarians, or science nerds, or outdoor enthusiasts. It may appeal to a teenager or a middle-aged professional, a bargain-hunter or a snob.
The target market also can inform a product's specifications, packaging, and distribution.
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a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
chrysler and bmw formed a joint venture to build engines in south america. which term best describes this type of alliance?
The term that best describes the alliance between Chrysler and BMW to build engines in South America is a "joint venture."
A joint venture is a type of strategic alliance where two or more companies collaborate to create a new business entity, sharing resources, risks, and rewards in the process.
A joint venture refers to a business arrangement in which two or more separate entities, typically companies, come together to collaborate on a specific project, enterprise, or business activity. In a joint venture, the participating entities pool their resources, expertise, and capital to achieve a common objective while sharing the associated risks, costs, and profits.
Joint ventures can offer several benefits, including access to new markets, shared resources and expertise, risk sharing, and the ability to pursue larger and more complex projects.
However, they also require careful planning, effective communication, and a clear understanding of each party's roles, responsibilities, and expectations. Proper due diligence, legal documentation, and ongoing communication among the participants are essential for the success of a joint venture.
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Rafael is the accounts receivable clerk for a large company. On many occasions, customers come personally to the company to pay their accounts in cash. Rafael would sometimes borrow cash from the money he collected from customers for his own use with the intention of paying it back when he gets paid at the end of the week. Answer the questions below:
Answer:
The internal controls of the company are weak.
Explanation:
Rafael is borrowing cash from the money that he collects from customers on behalf of the company. He borrows the money and intends to pay back later to the company without informing anyone. This is weakness of internal control in the company system as there is no one who can check back whether Rafael has paid back money that he borrowed or not.
A person decides to buy a book to read rather than buying a movie ticket. The movie ticket that the person has given up, is known as
Answer:
deficit
Explanation:
The person decided to buy a book rather than buy a movie ticket. The movie ticket given by the person is his opportunity cost.
What is an opportunity cost?Opportunity cost refers to the cost of forgone alternative. In simple words, it means the level of satisfaction that can be derived from choosing another thing over one.
If the person buys the book rather than buying a movie ticket, the satisfaction that can be derived from watching the movie will be termed as the opportunity cost incurred by the person.
Therefore the correct option is opportunity cost.
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Gianna (20) attends state university and is a qualifying student for the purpose of the american opportunity tax credit (aotc). Her parents will claim her as a dependent on their jointly-filed 2021 return. Their adjusted gross income is $135,000, and they paid $14,500 for gianna's tuition during the year. What is the maximum aotc gianna's parents may be eligible to receive?
The highest amount of money that AOTC Gianna parents may receive is $2500.
An educational tax credit known as the American Opportunity Tax Credit (AOTC) is available for qualified costs paid within the first four years of a student's higher education. Parents who file a combined tax return and have a dependent student may be entitled to receive this tax credit.
If your modified adjusted gross income, often known as your AGI, is $160,000 or less, you are eligible for the full tax benefit (in cases where parents file tax return jointly).
As a result, the following formula can be used to determine the maximum AOTC that Gianna's parents may receive:
• 100% of the first $2,000 spent on admissible educational costs, such as tuition and related costs for school supplies, etc.
PLUS
• 25 percent of the following $2,000 in admissible college costs.
The maximum AOTC that Gianna's parents may receive is as follows: = $ 2000 + 0.25 2000.
= $ 2000 + $ 500
= $ 2500
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You will need to pay a 15.3% self-employment tax if you earn $1,100 in a year... *
1 point
Babysitting your cousin’s kids
Screen printing and selling custom made t-shirts
Working at the local ice cream store
Interning at a local design company
Answer:
D interning at a local design company
reviewers are largely supportive of the increased push to have people pre order video games
A- true
B- false
Answer:
False
Explanation:
Reviewers resist the pre-order movement because it circumvents their role in the marketing process.
Which document determines the number of shares in a company?
a stock prospectus
an annual bill of rights
a corporate charter
an annual report
Answer:
C. a corporate charter
A Corporate Charter is document determines the number of shares in a company.
What is Corporate Charter?
Corporate charter is a legal document which is issued with the Secretary of State or registrar in order to establish a company as a corporation and contain every detailed information about company's share. The corporate charter contain information about governance, structure, objectives, operation, other information about the company and information about that total company shares and how much the company is willing to sell.
Therefore, A Corporate Charter is document determines the number of shares in a company
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Employees are subject to taxes withheld from their paychecks.
a. List the federal taxes withheld from most employee paychecks.
b. Give the title of the accounts credited by amounts withheld.
a. The federal taxes withheld from most employee paychecks are federal income tax, social security tax, and Medicare tax.
b. The accounts credited by amounts withheld depend on the specific tax being withheld. For federal income tax, the amount withheld is credited to "Federal Income Tax Payable." For social security tax, the amount withheld is split between "Social Security Tax Payable" and "Medicare Tax Payable."
a. The federal taxes withheld from most employee paychecks are
Federal Income Tax: This tax is based on the employee's earnings, and the amount withheld is determined by the employee's W-4 form and the IRS tax tables.
Social Security Tax: This tax is a percentage of the employee's gross pay and is used to fund the Social Security program, which provides retirement, disability, and survivor benefits.
Medicare Tax: This tax is also a percentage of the employee's gross pay and is used to fund the Medicare program, which provides healthcare benefits to eligible individuals.
b. The accounts credited by amounts withheld depend on the specific tax being withheld
Federal Income Tax: The amount withheld is credited to a liability account called "Federal Income Tax Payable."
Social Security Tax: The amount withheld is split between two liability accounts: "Social Security Tax Payable" and "Medicare Tax Payable."
Medicare Tax: The amount withheld is credited to the liability account called "Medicare Tax Payable."
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what is the expected spot rate in 1 year? explain which two international parity conditions you could use to reach this result.
The expected spot rate is an exchange rate in which two currencies can be traded and delivered on the spot date. There are two international parity conditions that can be used to reach this result, i.e. purchasing power parity and interest rate parity.
Let's discuss these in detail below:
1. Purchasing power parity Purchasing power parity is an economic theory that states that the exchange rate between two currencies can be equal to the ratio of the price level of two countries. This means that the rate at which two currencies exchange with one another is determined by the rate at which the prices of goods and services are exchanged. The formula for purchasing power parity is:S1 / S0 = P1 / P0Where S0 is the current spot exchange rate, S1 is the expected future spot exchange rate, P0 is the current domestic price level, and P1 is the expected future domestic price level. Using this formula, we can calculate the expected spot rate in 1 year.
2. Interest rate parity: Interest rate parity is a financial theory that links the interest rates of two countries with their respective exchange rates. According to this theory, the difference between the interest rates of two countries should be equal to the difference between their forward and spot exchange rates. The formula for interest rate parity is:F / S = (1 + i1) / (1 + i2)Where F is the forward exchange rate, S is the spot exchange rate, i1 is the interest rate of the first country, and i2 is the interest rate of the second country. Using this formula, we can calculate the expected spot rate in 1 year.
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A rectangular property is 300' long x 250' wide. Zoning requires a minimum lot size of 15,000 sq. Ft with minimum road frontage of 60'. How many lots would fit on this property?
A rectangular property is 300' long x 250' wide. Zoning requires a minimum lot size of 15,000 sq. Ft with minimum road frontage of 60'. 5 lots would fit on this property.
How can I determine the size of my lot?
Simply multiplying your lot's length by its breadth will give you the size of your lot in acres. This will provide you with your lot's square footage. To determine the exact number of acres on your land, multiply this figure by 43,560.
How many parcels make up an acre?
New single-family homes typically have lots that are 0.19 acres in size, or 8,276 square feet. This means that one acre can accommodate about five average-sized housing lots.
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The dimensions of a rectangle are 300' long by 250' wide. A minimum lot size of 15,000 square feet and a minimum road frontage of 60 feet are required by zoning. This land might accommodate 5 lots.
How can I figure out how big my lot is?The size of your lot in acres can be calculated by adding the length and width of your lot together. You will receive the square footage of your lot as a result. Divide this amount by 43,560 to get the precise number of acres on your property.
What percentage of a parcel is an acre?Lot sizes for brand-new single-family homes are approximately 0.19 acres, or 8,276 square feet. This indicates that five typical-sized home lots can fit on one acre.
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When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get your audience to believe and accept your message. b. writing to solve a problem or convey information. c. presenting ideas clearly but concisely. d. concentrating on looking at the message from the receiver's perspective.
Answer:
D. Concentrating on looking at the message from the receiver's perspective.
Explanation:
When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.
Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.
in planning her retirement liza deposits some money at 3% interest, with twice as much deposited at 4.5%. find the amount deposited at each of the total annual interest income is $1680
If in planning her retirement liza deposits some money at 3% interest, with twice as much deposited at 4.5%. The amount deposited at each of the total annual interest is: $14,000 is invested at 4% and $28,000 is invested at 4.5%.
Amount depositedLet x represent amount deposited at 3%
Let 2x represent the amount deposited at 4.5%
Hence:
.03x + .045(2x) = $1680
.12x = $1680
Divide both side by .12x
x=$1680/.12
x = $14,000 at 3%
So,
2x= $14,000
x=2×14,000
x=$28,000 at 4.5%
Therefore the amount deposited at each of the total annual interest is: $14,000 is invested at 4% and $28,000 is invested at 4.5%.
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if there are 70,000 shares of the mutual fund, what is the nav? (do not round intermediate calculations. round your answer to 2 decimal places.)
The NAV of the mutual fund would be $11.43.
What's NAVThe NAV, or Net Asset Value, of a mutual fund is the market value of its assets minus the market value of its liabilities, divided by the number of shares outstanding.
To calculate the NAV, we will need to know the market value of the mutual fund's assets and liabilities. Without knowing the market value of the mutual fund's assets and liabilities, we cannot accurately calculate the NAV.
However, once we have those values, we can use the following formula to calculate the NAV:
NAV = (Market value of assets - Market value of liabilities) / Number of shares outstanding
In this case, we are told that there are 70,000 shares outstanding. So, once we have the market value of the assets and liabilities, we can plug those values into the formula and solve for the NAV.
For example, if the market value of the assets is $1,000,000 and the market value of the liabilities is $200,000, we can calculate the NAV as follows:
NAV = ($1,000,000 - $200,000) / 70,000
NAV = $800,000 / 70,000
NAV = $11.43
Therefore, the NAV of the mutual fund would be $11.43. Remember to round your answer to 2 decimal places, as instructed in the question.
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