Answer:
A) S2,574 in the Cash Dr. column, $26 in the Sales Discount Dr. column and $2,600 in the Accounts Receivable Cr.column.
Explanation:
In the case when we have to record the collection from the customer within the discount period so the following journal entry should be made
Cash Dr $2,574
Sales discount Dr $26 (1% of $2,600)
To Account receivable $2,600
(Being collection is recorded)
Here the cash and sales discount is debited as it increased the assets and it reduced the sales on the other hand the account receivable is credited as it decreased the assets
Which of the following is likely to happen if you climb the career ladder?
A. You will need to consider a different career path.
B. You will make a lateral move within your corporation.
C. Your income will increase.
D. Your income will decrease.
You will make a lateral move within your corporation of the following is likely to happen if you climb the career ladder. The correct option is B.
Why is the career ladder important?The purpose of a career ladder is to formally advance a staff member to a higher level of job responsibility within his or her current position. No competitive hiring process is required because the employee and manager collaborate to gradually move up to a higher level of responsibility.
The typical path to climbing the corporate ladder involves excelling at your current position where a manager will recognize your abilities and promote you. Promotions are one way to climb the corporate ladder for an individual. They may also be hired at a higher level by a different business.
Thus, the ideal selection is option B.
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Alyssa was a severe schizophrenic who had to be institutionalized. Alyssa's cousin, Marlene, told Alyssa that she would buy her house for $10,000. Alyssa agreed and Marlene gave her the $10,000. Just as she was going to take possession of the house, Alyssa's brother stepped in and claimed that there was no contract between Alyssa and Marlene. The matter went to court and the court agreed with Alyssa's brother, stating that there was no contract due to one missing element. The missing element is: _______.
Answer: capacity
Explanation:
Regina is looking to start a knitting business and completes a target profile to include in her business plan. Identify which item in her target market profile is in the wrong category and where it should be moved.
Answer:
geographic information
I attached a pic of my question, pls help.
Farmer raising sheep.
plsss help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answer:
either B or D
Explanation:
I hope this helps. have a nice day
Which of the following collect and evaluate career outlook information:
state departments of education
Internal Revenue Service
U.S. Department of Labor
colleges and universities
Answer:
U.S. Department of Labor
state departments of education
colleges and universities
Explanation:
Brainliest-
How any two stakeholders affect the quality of toyota's products?
Answer:
The company's brand value, human resource skills, and financial soundness are all influenced by these stakeholders. It affects toyota's quality products to be either better or worse.
Which of the following management styles is generally best used in a crisis situation?
• participative
•democratic
•authoritarian
•laissez-faire
Answer:
authoritarian
Explanation:
Monty loaned his friend Ned $12,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remaining balance was $9,000, Ned filed for bankruptcy and notified Monty that he would be unable to pay the balance on the loan. Monty treated the $9,000 as a nonbusiness bad debt. Last year, before considering the tax implications of the nonbusiness bad debt, Monty had capital gains of $3,600 and taxable income of $33,250. During the current year, Ned paid Monty $8,100 in satisfaction of the debt.
Determine Monty's tax treatment for the $8,100 received in the current year.
The nonbusiness bad debt of $9,000 would have been reported as a short-term capital loss , and $_________ would be included in Monty's gross income.
Answer:
$ 6,600
Explanation:
Monty should [tex]$\text{includ}$[/tex]e up to [tex]$\$ 8,100$[/tex] in the gross account but to an extent of the tax benefit in the previous year. Since the debt is a non-business debt, the amount of [tex]$\$ 9,000$[/tex] would be reported as the short term business capital loss.
In the previous year, Monty had a capital gain of [tex]$\$ 3,600$[/tex] and [tex]$\$33,250$[/tex] as taxable income.
Therefore, $ 3,600 + $ 3,000 = $ 6,600
So $ 6,600 out of $ 9,000 loss produced the tax benefit. Therefore, only [tex]$\$6,000$[/tex] can be included in the gross income of Monty for this year.
Suppose a worker made 4.25/ hour in 1993. How much is this worth today if the CPI in 1993 was 132 and today it is 237?
Fractional reserve banking is a term used to describe a banking system whereby a. banks hold reserves equal to only a fraction of their deposit liabilities. b. banks hold reserves equal to a multiple of their deposit liabilities; that is, fractional in this case really means multiple. c. individual banks share a fraction of the total funds deposited in the whole banking system. d. banks are required to quote interest rates in fractions. e. banks are required to maintain a certain fraction of their deposits in the form of checkable deposits, a certain fraction of their deposits in the form of savings deposits, etc.
Answer:
a. banks hold reserves equal to only a fraction of their deposit liabilities.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
In the banking system, fractional reserve banking describes a situation in which a depository financial institution such as a bank, hold an amount of reserves that is typically equal to only a fraction of its deposit liabilities.
An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the products will be transferred to the customer at different points in time. The entity determines that the delivery of each product is a distinct performance obligation. Products X and Y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. The standalone selling price of product Z of $160,000 was estimated using the adjusted market assessment approach. The entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. What revenue will be recognized by the entity on the sale of product X
Answer:
B. $31,250
Explanation:
The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;
Here the transaction price should be distributed to the performance obligations.
The sum of the standalone selling price is
= $40,000 + $120,000 + $160,000
= $320,000
And, the standalone selling price is $40,000
Now the revenue that should be recognized is
= $40,000 ÷ $320,000 × $250,000
= $31,250
Kelsey noticed one of the new employees at her job is struggling with the amount work assigned to her. What can Kelsey do to support her co-worker?
a Complete the work for her co-worker.
b Offer to help her co-worker.
c Ignore her co-worker. It's none of her business.
d Document it, then tell her manager.
Select the best answer in each drop-down list.
Your boss is pointing out your mistakes on your last assignment. You should
.
You and a coworker are having a disagreement about how to handle a project. You should
.
You’ve reached an agreement with a coworker on how to resolve the problem. You should now
.
You need to give constructive criticism to a coworker you don't really like. You should
Answer:
1
2
3
2
Explanation:
what are some of the rights that must be protected for a free enterprise system to work?
Answer:
What are some of the rights that must be protected for a free enterprise system to work? Right to private property, right to exchange property, open opportunity, legal equality, and free contract.
Explanation:
Hope it helps, correct me if I am wrong!
I'm sure about my answer!
In Virginia, government agencies that address market failures include the Attorney General,
the Department of Labor, and the Department of Environmental Quality. true or false ?
Answer:
The answer is False.
Explanation:
The office of the Attorney General in Virginia primarily responsible for attending to matters of the state such as:
Representing the governor and the state in legal matters; Consulting for members of the Virginia General Assembly (VGA) and local government officials Acting as the defense counsel in legal suits filed against the stateDefending the constitution of the stateThe department of Labour on the other hand is tasked with the following mission to position Virginia as a conducive place to live work or run a business. It tries to achieve this by adopting and promoting international best practices.
Department of Environment of course is focused on ensuring that companies and individuals uphold the law in relation to the environment.
Managing the stability of inflation, employment and interest rates by the use of monetary policies.
Cheers
How do property right benefit entrepeneurs?
Answer:
Through allowing themselves to buy resources and spend them accordingly.
Explanation:
Properties law provides full authority for merchants or developers with possession of such resources or properties.However, once the property has been enforced upon that estate, all persons besides just their owners haven't even the ability to access the property without any of the consent of their heirs.Thus the above is the correct approach.
BRAINLIEST 30 point for correct answer........ if wrong or crazY will flag and have someone remove your answer please don't just pick one
Most organizations expect their _____ to abide by AUPs.
students
employees
employers
costomers
Most organizations expect their employees to abide by the acceptable use policy (AUPs). therefore, Option B is the correct statement.
What is the acceptable use policy (AUP)?A user must consent to certain rules and procedures in order to use a corporate network, the internet, or other resources, according to an acceptable usage policy (AUP).
Before receiving a network ID, many companies and educational institutions demand that employees or students sign an AUP.
Therefore, Most organizations expect their employees to abide by the acceptable use policy (AUPs). Option B is the correct statement.
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1. Which of the following is a merchant fee?
a. Balance transfer fee
b. Daily batch fee
c. Expedited card replacement fee
d. Returned payment fee
Answer:
CCCCCCCCCCCCCCCCCC
Explanation:
trust
In the chapter about owning versus leasing, one set of examples compares the cost of owning versus the cost of leasing for Southside Clinic, a not-for-profift organization. The net advantage to owning (versus leasing) for Southside amounted to $676. The difference between the two methods of financing: A) is so small that it might be disregarded. B) may be considered as a nearly neutral comparison between the two methods. C) is so small that it might be disregarded and may be considered as a nearly neutral comparison between the two methods. D) None of these is correct
Answer:
The correct answer is D) None of the above options are correct.
Explanation:
In making a decision about whether to own or lease a property, if the cost of ownership is only slightly higher than leasing, financial intelligence requires that the company, or business or entity or person checks to see if the property is an income is generating one.
If yes, then it's should be considered for purchase
If the asset is not income-generating but plugs a cost leakage, it can also be considered if the value can appreciate in value.
It only becomes advisable to lease the assets if:
the cost of purchasing the property far outweighs the cost of leasing as well as the current capacity of the Clinic;It's an assets that is non-income generatingIf it's a non-income generating asset that attracts lots of taxes etc.Cheers
Siri, who is driving her automobile, is injured when another driver negligently causes an automobile accident. Siri hires a lawyer to represent her on a 35 percent contingency-fee basis. If the lawyer wins the case for Siri or settles the case with Siri's approval, he will earn 35 percent of whatever is collected from the defendant. If the lawyer does not win or settle the lawsuit, he gets paid nothing. The agent can recover this amount from the principal because of the duty to _______.
Answer:
to compensate
Explanation:
The explanation for a downsloping aggregate demand curve differs from the explanation for the downsloping demand curve for a single product because multiple choice 2 a downsloping, single-product demand curve assumes constant prices such that changes in income cause a substitution of a now relatively cheaper product for those whose prices have not changed. a downsloping aggregate demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed. a downsloping aggregate demand curve assumes constant prices such that changes in income cause a substitution of a now relatively cheaper product for those whose prices have not changed. a downsloping, single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.
Answer:
single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.
Explanation:
When the aggregate demand curve i.e. downward sloping would be different to the demand curve for the single product i.e. also downward sloping is due to as the single product demand curve would assume that the income would be constant in such a way the less price would lead a substitution that the product is not expensive at all
So the above would be the reason
Why is money management important? How would you rate your own money management?
Answer:
because it has money
Explanation:
Answer:
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Explanation:
A large part of the Communication and Information Technology career clusters probably didn’t exist 100 years ago—which parts in particular and why?
Answer:
In the Communication and Information Technology you have to have, well, Technology. 100 years ago we didn't have the Tech we have today so that career hadn't existed back then.
Explanation:
This was just my answer for the assignment. Please change the wording and phrasing of the answer.
Hope this helps!
A career relating to Communication and Information Technology hadn't existed 100 years before as the technology we are having today was not there previously.
What is technology?Technology refers to the process of applying scientific knowledge for industrial purposes.
In ancient times, the technology was not there which is currently having in the world today. There is a presence of digital devices like smartphones, computers, laptops, cameras, etc. which makes most of the work very easier. The electronic gadgets take seconds to minutes for performing any task. There are many professionals who are educated and qualified in the field of Communication and Information Technology.
Therefore, the increased need for technology created a career in Communication and Information Technology.
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A personal finance measure that compares an individual's monthly debt payment to his or
her monthly gross income.
O Debt-to-Income Ratio
O Credit Score
O Down Payment
O FHA
Please help
Answer:
a
Explanation:
how much you make verses how much you soend
An appraiser has selected a comparable sale that recently sold 85,000 inclusion in an appraisal. The comparabte has bedrooms, bath and a fireplace. The subject property has 3 bedrooms, 2 baths, and no fireplaceAnalysis by the appraiser indicates a bathroom is worth $2,500 and fireplace is worth \$1,200 . What the adjusted sales price of the comparable property?
Answer:
$86,300
Explanation:
The computation of the adjusted sales price of the comparable property is shown below:
= Sale value + worth of the bathroom - worth of the fireplace
= $85,000 + $2,500 - $1,200
= $86,300
We simply added the worth of the bathroom and deduct the worth of the fireplace to the sale value so that the adjusted sales price of the comparable property could come
Great Landscapes Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. The Great Landscapes Company computes a total of $3,600 in estimated doubtful accounts as of December 31, 2019. Its Accounts Receivable account has a balance of $112,800 and its Allowance for Doubtful Accounts has a credit balance of $600 before adjustment at December 31, 2019. How much bad debts expense will Great Landscapes report in 2019
Answer:
$3,000
Explanation:
Calculation to determine How much bad debts expense will Great Landscapes report in 2019
Using this formula
2019 bad debts expense =Estimated doubtful accounts-Allowance for Doubtful Accounts has a credit balance
Let plug in the formula
Bad debts expense=$3,600-$600
Bad debts expense=$3,000
Therefore The Amount of bad debts expense that Great Landscapes will report in 2019 is $3,000
The Penguin Company uses standard costs. Their standards specify .5 direct labor hours per unit of product. Variable overhead is allocated based on direct labor hours. Beginning of the year, static budget standards: Budgeted production volume in units 7,000 Budgeted variable overhead costs $23,000 Budgeted direct labor hours 600 At the end of the year, actual data is: Production Volume in units 6,800 Actual variable overhead costs $20,000 Actual direct labor hours 550 1. What is the variable overhead standard cost per DIRECT LABOR HOUR
Answer:
Variable overheads standard cost per direct labour hour =$38.3
Explanation:
Where overheads are charged to products using direct labour hours, an overheads absorption rate is computed as follows:
Variable overheads absorption rate= Budgeted variable overheads/Budgeted direct labour hours
= $23,000/600 hours= $38.3
Variable overheads standard cost per direct labour hour =$38.3
Which of the following statements is true?
a. The more information a manager has, the less risk there is when making
a decision.
b. Most managers make decisions without any information.
c. When the amount of information is low, there is less risk.
d. Risk improves decision making.
e. The more information a manager has, the more risk there is when making
a decision.
5:42 PM
Answer:
The correct answer is A. The more information a manager has, the less risk there is when making a decision.
Explanation:
In the decision-making process that occurs in any business structure, it is essential that those responsible for making these decisions have the appropriate information in order to make the most convenient decisions for the company. Thus, those in charge of this task carry out market research prior to making relevant decisions, in order to avoid making mistakes that could lead to the company losing money due to an erroneous decision.
Kirk McCoy is district sales manager for the Jimmy Dean division
Lee Corp. He has six sales managers that report to him. McCoy
most of the decisions for his people and demands that they check
him on any changes in pricing, sales scheduling and routing, and
presentation material. McCoy operates a department.
Answer: centralized
Explanation:
Based on the information given in the question, we can infer that McCoy operates a centralized department.
This is a centralized department because McCoy takes the decisions in the organization. In a centralized department, the organizational structure is such that the power regarding the decision is confined to top management, while the followers just follow the instructions