Answer: 14 days
Explanation:
Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is: _________
a) debit Accounts Receivable $200; credit Sales $200;
b) debit Cost of Goods Sold $300; and credit Merchandise Inventory $300
c) debit Accounts Receivable $300; credit Sales $300;
d) debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
e) debit Sales $300 and credit Cost of Goods Sold $300
f) debit Accounts Payable $300; and credit Sales $300
Answer: debt Accounts receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
Explanation: see attachment for more help
The correct options are C and D respectively. The required journal entry to record the sale and the cost of the sale is debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200.
What is the difference between accounts payable and accounts receivable?The terms "accounts payable" and "accounts receivable" refer to the same thing. Accounts receivables represent the money that customers owe your company, as opposed to Accounts Payables, which represent the money that your company owes to suppliers.
An's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The following are required journal entries to pass debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory.
Thus, the proper answers are C and D, respectively.
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A company's worksheet for the month of June shows Prepaid Rent with a $4,000 debit balance on the Trial Balance section and shows a $1,000 credit in the Adjustments section. The balance for Prepaid Rent in the Adjusted Trial Balance section would be:___________
Answer:
its 3,000
Explanation:
A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages.
What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses?
Note: Disregard associated increases in taxes, such as FICA.
A.No increase is needed
B.15%
C.30%
D.60%
Answer:
30%
Explanation:
just took the test.
The minimum amount the owner must now charge customers for labour to balance her increased operational expenses is 30%. The correct option is c.
What are operational expenses?Operational expenses, operating expenditure, operating expense, operational expenditure or OPEX is an ongoing cost for running a product, business, or system. Its counterpart, a capital expenditure, is the cost of developing or providing non-consumable parts for the product or system.
For example, the purchase of a photocopier involves CAPEX, and the annual paper, toner, power and maintenance costs represent OPEX. For larger systems like businesses, OPEX may also include the cost of workers and facility expenses such as rent and utilities.
In business, an operating expense is a day-to-day expense such as sales and administration, or research & development, as opposed to production, costs, and pricing.
In short, this is the money the business spends to turn inventory into throughput.
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Arriving 20 minutes early to an interview _____. is too early because you will not be able to use your cell phone during that period. is perfect timing for both you and the interviewer will not be enough time to showcase your patience while waiting may be an inconvenience to the interviewer
Spyder Corporation’s technology and business strategies became entangled, what would this be considered?
When a business's strategies and technology are able to become entangled, this is called Technology integration.
What is technology integration?Refers to the process of aligning a business's strategies with its available technology. This allows for increased efficiency to achieve organizational goals.When Spyder Corporation's technology was entangled with its business strategies, this allowed for technology integration that will contribute to the success of their business.
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Which term refers to the largest rate of use of a resource that will not impair its ability to be renewed
It can be deduced that the term that refers to the largest rate of use of a resource is the maximum sustainable yield.
What is maximum sustainable yield?It should be noted that the maximum sustainable yield is the highest possible annual catch which can be sustained over time.
Maximum sustainable yield is the largest rate of use of a resource that will not impair its ability to be renewed.
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The metaphor for barriers women face in the workplace that prevent them from reaching higher positions is the:
It should be noted that Glass Ceiling serves as a barriers that women face in the workplace that prevent them from reaching higher positions.
What Is the Glass Ceiling?Glass Ceiling can be regarded as the metaphorical invisible barrier which usually obstruct people from being promoted.
It doesn't allow the victim to get to managerial- and executive-level positions within an organization
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In 2017, who became the first rap artist to win a pulitzer prize?.
When the market is in equilibrium, the price that consumers pay and that producers receive exactly balances the:.
In an equilibrium market, the prices balance the marginal benefit and marginal cost of consuming and producing a good or service.
What is equilibrium?Equilibrium simply means when demand and supply are balanced.
When the market is in equilibrium, the price that consumers pay and that producers receive exactly balances the marginal benefit and marginal cost of consuming and producing a good or service.
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The most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment, are categorized as _____ resources.
Tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.
What are tangible resources?Tangible resources or asset is resources that have a finite monetary value and are usually a physical form. They are physical assets owned by a company that can be quantified with relative ease and are used to carry out its business .
Tangible resources include:
CashInventoryVehiclesEquipmentBuildings and investmentsHence, tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.
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Assume that Swiss investors have francs available to invest in securities, and they initially view U.S. and British interest rates as equally attractive. Now assume that U.S. interest rates increase while British interest rates stay the same. This would likely cause: ____________
a. the Swiss demand for dollars to decrease and the dollar will depreciate against the pound.
b. the Swiss demand for dollars to increase and the dollar will depreciate against the Swiss franc.
c. the Swiss demand for dollars to increase and the dollar will appreciate against the Swiss franc.
d. the Swiss demand for dollars to decrease and the dollar will appreciate against the pound.
The increase in US interest rates relative to the British interest rate would cause the Swiss demand for dollars to increase and the dollar will appreciate against the Swiss franc.
Why would the demand for dollars increase and the dollar appreciate?When the interest rates of the US increases relative to that of the Britain, investors would earn a higher rate of return relative to that of Britain. As a result, investors would prefer to invest in the US.
When there is an increase in the demand for the US dollars relative to the Swiss franc, the US dollars would appreciate.
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Can i dispute a credit card charge that i willingly paid for.
Depends on the bank that issued your card. You might want to talk to your card issuer's customer support.
The relationship between quantity supplied and price is ________ and the relationship between quantity demanded and price is ________. Group of answer choices
Answer:
direct, inverse
Explanation:
Hope it helps
Compared to the past, the importance of firms' intangibles has increased. Therefore the importance of a firm's book value has _____ as part of the firm's total stock market valuation. Multiple choice question. decreased ceased to matter stayed the same increased
Indeed, the importance of a firm's intangibles has increased, thereby decreasing the importance of the firm's book value as part of the firm's total stock market valuation.
Thus, the correct option is A. decreased.
The current value measurement tools include the balanced-scorecard and the Triple bottom line measures.
What is the balanced-scorecard?The balanced-scorecard measures a firm's performance by linking it to the following factors:
InnovationCompetitivenessOrganizational learningWhat is the Triple bottom line?The triple bottom line measure accesses an organization's performance based on its ability to achieve human sustainability and work-life balance. The triple bottom line concentrates on people (social responsibility), profit (economic value), and planet performances (environmental impact).
Thus, the increased importance placed on the firm's intangibles has reduced or decreased the importance placed on the book value in stock market valuation because the valuation emphasis has shifted to using the balanced-scorecard and the Triple bottom line measures.
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Assigning indirect costs to specific jobs is completed by:.
When a business wants to assign indirect costs to specific jobs, they do this by using the predetermined overhead rate.
Assigning indirect costs to specific jobs.When a company engages in production, they cannot directly trace where indirect costs come from so they apply it to each specific job using a predetermined overhead rate.
This rate will be based on some other matric such as labor, and will allow for indirect costs to be assigned to jobs for price determination.
In conclusion, the predetermined overhead rate is used.
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You recently bought a used car and it breaks down. You take it to the repair shop, which will charge $400. You don’t have that money right now, but you’ll have it once you get paid at the end of the month. Will you use cash/check, debit/prepaid card, credit card, or P2P and why did you choose this option?
Answer:
My Guest is P2P or Debit Card
Explanation:
By comparing the number of days to collect with the length of the credit policy, companies can determine whether its customers ______.
Answer: Are paying in accordance with the credit policy.
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Kim Jordan, New Belgium Brewing's former CEO and co-founder, emphasizes the importance of New Belgium's people, particularly its employees, as well as its customers. Customers and employees are among New Belgium's _______.
The employees and customers of New Belgium's company are known as the company's stakeholders.
What is an Organization stakeholders?An organizational stakeholders refer those internal and external parties that contributes to a company's performance
In conclusion, the employees and customers of New Belgium's company are known as the company's stakeholders.
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PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP
Answer:
1. Classical Economics
2. Keynesian Economics
3. Demand-Side Economics
4. Supply-Side Economics
Explanation:
Lululemon's website encourages individuals interested in employment to inquire in-store; this is an example of:
A. training
B. internal recruitment
C. external selection
D. internal selection
E. external recruitment.
The fact that those interested in employment are advised to inquire in-store is an example of C. External selection.
What is external selection?This refers to an employment type where those who are allowed to be employed are people from outside the company alone and not current staff.
In this case, Lululemon is asking for prospective from outside the store to inquire in the store. This means that those to be selected will come from outside.
In conclusion, option C is correct.
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What is a producer and a consumer?
What is a market
Define Good ands Services and provide examples.
How do Consumers satisfy their wants and needs by buying goods and services from businesses.
Answer:
Producers are people who make or grow goods and provide services. Consumers are people who buy or use goods and services to satisfy their wants.
Goods are items that are usually tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a digital book, a digital video game or a digital movie.
Consumers satisfy their wants through purchasing goods and services for consumption purposes.
Explanation:
Lucy Garcia took out a loan for $40,000 at 10 percent interest for 10 years. Her monthly payments are $528.60. She made payments for one year and has paid the principal down to $37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round final answer to nearest dollar)?
Answer:
below
Explanation:
•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round
•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (roundfinal answer to nearest dollar)?•
I hope it helps ^-^
DFB, Inc., expects earnings this year of $5.37 per share, and it plans to pay a $3.54 dividend to shareholders. DFB will retain $1.83 per share of its earnings to reinvest in new projects with an expected return of 15.3% per year. Suppose DFB will maintain the same dividend payout rate, retention rate, and return on new investments in the future and will not change its number of outstanding shares.
a. What growth rate of earnings would you forecast for DFB?
b. If DFB's equity cost of capital is 11.9%, what price would you estimate for DFB stock?
c. Suppose DFB instead paid a dividend of $4.54 per share this year and retained only $0.83 per share in earnings. That is, it chose to pay a higher dividend instead of reinvesting in as many new projects. If DFB maintains this higher payout rate in the future, what stock price would you estimate now? Should DFB follow this new policy?
This is what the company should do:___________
A. Raise dividends because the return on new investments is lower than the cost of capital.
B. Not raise dividends because projects have positive NPV when the return on new investments is higher than the firm's cost of capital.
C. Raise dividends because, according to the dividend-discount model, doing so will always improve the share price.
D. Not raise dividends because companies should always reinvest as much as possible.
It can be deduced that the growth rate of earnings that would be forecasted for DFB is 0.62%.
How to calculate the growth rate of earningsFirst, we need to calculate the dividend payout ratio. This will be:
= 3.54/5.37 × 100
= 65.92%
The growth rate will be:
= (1 - d) × r
= (1 - 0.6592) × 0.0183
= 0.62%
When the equity cost of capital is 11.9%, the stock price will be:
= D / (Ke - g)
= 3.54(1 + 0.62%) / (11.90% - 0.62%)
= 31.58
When the company maintains a higher payout rate in the future, the stock price will be calculated thus:
Dividend payout ratio:
= 4.54/5.37 × 100
= 84.54%
The growth rate will be:
= (1 - d) × r
= (1 - 0.8454) × 0.0183
= 0.28%
The stock price will now be:
= D /(Ke - g)
= 4.54/(1 + 0.28%) / (11.90% - 0.28%)
= 39.18
Lastly, it's important for the company to raise dividends as this will always improve the share price.
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Because of asymmetric information, most used cars that are offered for sale will be sold for prices that are greater than their true value. Because of this fact, the used car market falls victim to
The situation that the used car market falls to as a victim in this case is known as adverse selection.
What is an adverse selection?An adverse selection is a situation where a sellers have information that buyers do not have or where the buyer have an information that the seller do not have about some aspect of product quality
In conclusion, the situation that the used car market falls to as a victim in this case is known as adverse selection.
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An example of structural unemployment is a(n):________.
a. worker at a fast food restaurant who quits work and attends college
b. real estate agent who leaves a job in Texas and searches for a similar, higher paying job in Cali
c. autoworker who is temporarily laid off from an automobile company because of a decline in sales
d. geologist who is permanently laid off from an oil company because of an increase in wages won by labor unions
Answer:
d) Geologist who is permanently laid off from an oil company because of an increase in wages won by labor unions.
Correct me, if I am wrong :)
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Yolinda and Wes decide to go into business together as a partnership. As part of their business, they lease a car, with each paying half the monthly expenses. Unfortunately, the business does not make any money. After 2 years, Yolinda decides to leave and take a job with another employer. Wes, on the other hand, decides to make a go of the business. Given this information, which of the following is true?
a. Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.
b. If Yolinda stops making her share of the car expenses, Wes will be liable for Yolinda's share.
c. Because the partnership is no longer in existence, the car lease is null and void.
d. Because Wes received only half of the company's profits, he is only liable for his share of expenses.
Given that one of the partners of the business has left the business, the answer that is correct is the fact that
Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.What is a partnership?This is a business arrangement that is made by two or more persons. The business arrangement has the partners sharing in the liability of the business.
The reason why Yolanda has to stop sharing in the expenses is simply because she is no longer a part of the partnership.
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A decrease in the number of sellers in the market causes.
A decrease in the number of sellers in the market causes the supply curve to shift to the left.
How does a decrease in the number of sellers affect the supply curve?The supply curve is a curve that shows the relationship between quantity supplied and the price. The relationship is positively sloped/
When the number of sellers in the market decreases, there is a decline in supply, as a result the supply curve shifts to the left.
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After a client leaves his office, an agent makes corrections to the client's application, but forgets to tell her. Two weeks later, the client is in an accident. The insurer will be settling the claim based on the corrected form. This is:______.
People achieve ______ when they have "balanced their margins" according to the utility-maximizing rule
It should be noted that People achieve Consumer's Equilibrium when they have "balanced their margins" .
What is Consumer's Equilibrium?Consumer's Equilibrium can be explained as the maximum satisfaction state by a consumer.
It is a situation where a income is been used to purchase one or more commodities by consumer so as to achieve maximum satisfaction.
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Look at the demand and supply schedules for wombles in the table below. Use a
graphing tool and insert your graph on page 3. You can use tools in word, Excel, of
web bases ones like ChartGo. You can draw on paper and yan.
Demand and Supply Schedule
A demand schedule is used in conjunction with a supply schedule, which shows the quantity of goods that can be supplied to the market by producers at a price.
What is a demand schedule?Your information is incomplete. Therefore, an overview will be given. A demand schedule is simply a table that shows the quantity demanded of a good at different price levels.
A supply schedule is a table which shows the relationship between the price of a good and the quantity supplied.
A demand schedule consists of two columns. Here, the first column lists a price for a product and the second column lists the quantity of the product demanded at that price. Also, the price is determined based on the research of the market.
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