Sales is a revenue account.
What is a sale account?
A sales account is one that has all records of sales( cash and credit) transactions.
In the journal entry, Sales are recorded as a credit in order to offset the other debit side of the journal entry which can be cash or accounts receivable account.
In conclusion, Sales is also a revenue account this is because it is received by a business due to sales of goods or services.
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How does American style differ from Japanese style? Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. Japanese style is identified as casual, athletic, and clean-cut while American style is noted for having complicated cutting and structure.
Answer:
American style is identified as casual, and ethic and clean cut while japanese style is considered poorly and has been noted for having complicated cutting and structure
Explantion:
got it right on Edge 2022
Poppy co. uses a periodic inventory system. beginning inventory on january 1 was understated by $30,000, and its ending inventory on december 31 was understated by $17,000. in addition, a purchase of merchandise costing $20,000 was incorrectly recorded as a $2,000 purchase. none of these errors were discovered until the next year. as a result, poppy's cost of goods sold for this year was:
If None of these errors were discovered until the next year. As a result, Poppy's cost of goods sold for this year was: Understated by $31,000.
Cost of goods soldUsing this formula
Cost of goods sold=Beginning inventory + Incorrect entry for Merchandize Purchase - Ending inventory
Let plug in the formula
Cost of goods sold=$30,000+($20,000-$2,000)-$17,000
Cost of goods sold=$30,000+$18,000-$17,000
Cost of goods sold=$31,000 understated
Therefore Poppy's cost of goods sold for this year was: Understated by $31,000.
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How much cash do you need to survive the early years?
Answer:
$150
Explanation:
Wisdom Co. has a note payable to its bank. An adjustment is likely to be required on Wisdom's books at the end of every month that the loan is outstanding to record the:
Wisdom Co. has a note payable to its bank. An adjustment is likely to be required on Wisdom's books at the end of every month that the loan is outstanding to record the: accrued interest expense for the month.
What is Accrued interest expense?
Accrued interest expense will appear on the income statement but not on the statement of cash flows.
Under the accrual method of accounting, the account 'Interest Expense' shows the interest that occurred during the period of time covered by the financial statement.
When that interest is past its due date for payment, it should be recorded as 'Interest Payable'.
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•Interpret image above using one word_ • Discuss your unique one word
Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15. What form does she need to complete to obtain an automatic six-month extension
"Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15." The form she needs to complete to obtain an automatic six-month extension is Charity contributions. Tax-deferred income. This is further explained below.
What are Charity contributions?Generally, Charity contributions are simply defined as Donations to charities that may take many forms, but they always benefit non-profits in some way.
In conclusion, there are exceptions to the general rule that you may deduct up to 50% of your AGI, such as the 20% and 30% caps.
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Q11. When marginal costs are below average total costs, a. average fixed costs are rising. b. average total costs are falling. c. average total costs are rising. d. average total costs are minimized.
When marginal costs are below average total costs, average total costs are falling. Option B is correct.
What is Marginal Cost?In simple terms, marginal cost is defined as the extra cost of producing more or an extra unit of a product.
In other words, it is the cost of producing extra units of a product.
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When the parties have not expressly agreed otherwise, Article 2 of the Uniform Commercial Code acts to __________ missing or open terms in a contract for the sale of goods between merchants.
Article 2 of the Uniform Commercial Code acts to fill in missing or open terms in a contract for the sale of goods between merchants.
What is contract?Contract refers to the agreement between the two parties which is enforceable by the law. The contract must include the monetary conditions and free will of both the parties.
Article 2 of the Uniform Commercial Code acts governs the sale of the goods which provides the rules no been mentioned in the contract by the parties in the written contract.
Thus the act provides the default rules and the gap fillers in the missing or open terms in a contract for the sale of goods between merchants.
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A CFP professional is a Registered Investment Advisor managing 120 million in assets. One of his clients sends a complain letter to the CFP professional, complaining that some trades were not executed properly. During the investigation, it is discovered that the client never received the firms form ADV. Which governing body has the ultimate authority over lack of regulatory disclosure for this matter
SEC reviews the information and have the authority of regulatory disclosure for the ADV.
What is SEC and how it works?SEC is a Securities and Exchange Commission in United States who regulates the nation's securities industries.
The basic functions of the SEC is to protect the investors, capital formation and maintain the fairness in the market.
SEC is the governing body which has the authority in the case of ADV form.
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The Johnsons are shopping for a mortgage loan and are attracted to the below-market interest rate offered for the first year of an adjustable rate mortgage. What's this type of rate called
Based on the fact that this is the first year rate on an adjustable rate mortgage, the Johnsons are most likely seeing a teaser rate.
What is a teaser rate?This is a rate that is commonly included with an adjustable rate mortgage to entice customers to take out such loans.
It is normally lower than the market rate, but only for a short time before the bank modifies the mortgage.
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Ann is a leader who inspires her employees to look at the broad, long-term goals of her company. She is able to get her employees to find a common goal, and she really thinks outside of the box. Ann's leadership style is best described as
Based on the way that Ann inspires her employees to work towards a common goal, this is transformational leadership.
What is transformational leadership?This is a type of leadership in which the leader motivates and inspires his or her employees to be better versions of themselves.
Long-term goals are encouraged by such leaders which is what Ann is doing. They also encourage innovation.
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How are developed nations and developing nations similar? both have membership in multinational groups. both experience high death rates. both experience low infant mortality rates. both have high per capita income.
Developed nations and developing nations are similar to each other as they have membership in multinational groups. Hence, Option A is the correct statement.
What are developed nations?An evolved country—additionally known as an industrialized country—has a mature and complex economy, generally measured through the gross home product (GDP) and/or common profits in step with residents.
Developed nations have superior technological infrastructure and feature various commercial and carrier sectors.
Hence, Developed nations and developing nations are similar to each other as they have membership in multinational groups. Option A is the correct statement.
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Answer:
Both have membership in multinational groups.
Explanation:
Took the test on FLVS.
Reasons why allocation of resources is influenced by demand and supply:
Jetson Manufacturing has manufacturing operations in the United States, Germany, Indonesia, and Brazil. Jetson Manufacturing is an example of a(n)
Jetson Manufacturing carrying out operations in the United States and other countries exemplify an international company.
What is international company?international company serves as those companies that are base on the exportation abd importation of goods in a country.
Therefore, since Jetson Manufacturing are operating in different listed countries, it can be termed as a international company.
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Since doctors only accept specific health insurance plans, what should you do prior to selecting your own health insurance plan? a. find an out-of-network doctor for a plan you're interested in b. check the list of doctors "in the network" . increase your premium amount to upgrade your coverage to include any and all doctors d. decrease your co-pay amount
One need to check the list of doctors in the network when trying to select own health insurance plan.
What is a health insurance plan?These are health policy that covers medical expenses of the insured.
When selecting your own health insurance plan, you need to check the list of doctors in the network.
Therefore, the Option B is correct.
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Question number 1) at millions of dollars per ad, the super bowl is by far the most expensive television media program. the video suggests that this high expense can be well worth it for companies because __________________________.
Answer:
Why has my town experienced record-breaking cold and snowfall if the climate is warming? Is there scientific consensus that people are causing today's climate change? Do natural variations in climate contribute to today's climate change?
Company a has beanbag chairs and large tables instead of traditional office furniture. employees are encouraged to play games with each other and think outside of the box. working together is highly valued. company b employees wear suits and ties. there is a formal meeting every morning led by the president of the company. employees are given tasks and expected to complete them on time. employees work alone instead of on teams. the companies described above are very different when it comes to which characteristic of an organization? a. division of labor b. culture c. rules
The comparisons above mentioned are very different in reference to the cultural characteristic of an organization (Option b).
What is culture organization?The expression 'culture organization' makes reference to the methods and strategies based on shared assumptions.
This characteristic (culture organization) may shape decisions in a given company.In conclusion, the comparisons above mentioned are very different in reference to the cultural characteristic of an organization (Option b).
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What do you think is a benefit of having a fixed interest loan?.
Which of the following types of cover letters would assist an applicant in landing a job interview?
a.
Prospecting
b.
Application
c.
Networking
d.
All of the above
Answer:
Explanation:
The answer is D, All of above.
A prospecting cover letter goes together with your resume when applying to a company that may not have recent openings. These letters emphasis on how your skills and experiences match the work environment rather than concentrating on a specific position.
An application cover letter is a document sent with your resume to make available additional material about your skills and experience. It is intended to provide complete information on why you are a competent candidate for the job.
A networking cover letter is is sent throughout your job pursuit to get help from a contact in your industry or career field and to introduce yourself to a possible employer.
Select the correct answers from each drop-down menu. phillip purchased a machine for his business last year. it cost $50,000. the machine required a skilled operator, who was a worker earning $2,000 per month. how will phillip treat the cost of the machine and the wages of the skilled operator in his books of accounts? in his books of accounts, phillip will record the machine as a(n) and the wages paid to the skilled operator as a(n) .
Philip will treat the cost of machine as an asset, and the wages paid to the skilled operator will be treated as an expense.
What is the difference between an asset and an expense?An asset is referred to as such utility, whether tangible or intangible, which owned and controlled solely by a business organization in the normal course of business.
An expense, on the other hand, is regarded as the payments which are made for ensuring normal and smooth functioning of the business operations in a firm.
Some examples of assets are plant and machinery, goodwill, patents, land, building, and such others. While the examples of expenses include rent, salaries and wages.
Hence, the difference between an asset and an expense is given.
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Answer:
asset
expense
Explanation:
Why is it necessary for agricultural practices to continue changing?.
It is important for agricultural practices to continue changing so as to;
Increase agricultural produce.What is agricultural practices?agricultural practices are techniques that are used in cultivation of crops and rearing of animals.
With the evolvement of different techniques in agriculture, such as usage of machinery and cross breeding there has been increase in production of goods and animals.
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If cream cheese and bagels are complements, then an increase in the price of cream cheese will __________ the demand for bagels. a) increase b) not change c) increase or decrease d) decrease
If cream cheese and bagels are complements, then an increase in the price of cream cheese will increase the demand for bagels.
What are complement goods?Complement goods are goods that can be used to substitute for each other.
When the price for a substitute increase, the demand for the complement also increase.
Therefore,
If cream cheese and bagels are complements, then an increase in the price of cream cheese will increase the demand for bagels
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What are the four basic factors that effect workplace safety?
What are messages that a company sends to clients to tell them of its services or products or remind them of benefits they can attain by doing business with the company
External-informational messages are the messages that a company sends to clients to tell them of its services or products or remind them of benefits they can attain by doing business with the company.
What are External-informational messages?This can be the way of sending messages or information from a business to people that are outside the business environment.
The message that is sent is meant solely for the external environment and not for the people within.
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Which two of the following are examples of a persuasive business message?
1. Employees can take two 30-minute breaks during an eight-hour workday.
2. Don’t let a computer virus put your business out of work. Buy our anti-virus software today.
3. Our research indicates that this manufacturing and distributing plant will create 1,500 jobs.
4. Won’t you help our company join the green movement by separating the wet and dry waste in your recycling containers?
5. On weekdays, our restaurant is open from 11:00 a.m. to 11:00 p.m. On weekends, we’re open until midnight.
The two examples of persuasive business message are:
Employees can take two 30-minute breaks during an eight-hour workday.Won’t you help our company join the green movement by separating the wet and dry waste in your recycling containers?What are persuasive message?Persuasive message are message sent to client in order to persuade them to buy into business idea or convince them to buy goods.
Therefore, The two examples of persuasive business message are:
Employees can take two 30-minute breaks during an eight-hour workday.Won’t you help our company join the green movement by separating the wet and dry waste in your recycling containers?Learn more about persuasive text below.
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Interview a business manager on the crisis experienced in the workplace
Answer:
During an interview, a hiring manager may ask you about previous challenges you've faced in the workplace. The most effective answer to this question will highlight your problem-solving skills and professionalism. Preparing for this question ahead of time will provide you with greater confidence and a better chance of impressing the hiring manager. In this article, we discuss why employers ask this question, explain how to answer it and provide you with a list of example answers.
Explanation:
Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
What is a Business Manager?A business manager can be defined as a person that help to manage a company or an organization business so as to ensure that the business is running effectively.
A business manger is in the right position to know the crisis happening in his/her workplace and how to effectively manage the crisis and to ensure smooth running of the business.
Therefore Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
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If an economy experiences increasing opportunity costs with respect to two goods, then the production possibilities curve between the two goods will be
Production possibilities curve between the two goods will be a straight, downward-sloping line if the opportunity cost rise.
What is production possibilities curve?The production possibilities curve serves as graph that display the relationship between the resources and the output that can be produced.
Therefore, when the opportunity cost that exists between two goods, there will be. downward slope as regards the production possibilities curve.
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Artificial Intelligence Inc. sells to Beta Bots Corporation a promising idea for a technological innovation that is still being developed and that looks very promising. This is Group of answer choices ethical and legal. unethical but legal. unethical and illegal. illegal and unethical.
Artificial intelligence Inc. sells to Beta Bots Corporation an idea for technological innovation. This is ethical and legal. Hence, Option A is the correct choice.
What do you mean by being ethical?Being ethical conforming to universal ethical standards. Applied to the work environment, it method that a moral man or woman has a better preference than simply avoiding certain conduct or exercise due to the fact it's far illegal. What matters is that it is probably the incorrect issue to do morally.
Thus, Option A is the correct choice.
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Select one college you are interested in and research their financial aid program.
Name of college/university:
Research question:
What are the annual estimated costs of attendance? (tuition, room & board,
etc.)
What percentage of students receives financial aid?
When is their financial aid application due?
URL link to
sources:
I NEED HELP ASAP I WILL MARK BRAINLIST AND I WILL PUT 20 POINTS!!!!!!!
Answer:
CEH one college you are interested in and research their financial aid
4-Define "Speculative
Risk" and provide an
example
Speculative Risk Definition:
Risk that results in an uncertain degree of gain or loss. All speculative risks are made as conscious choices and are not just a result of uncontrollable circumstances. -Loss -No loss -GAIN.
Example:
→ Gambling.
Gambling is a type of speculative risk, and the gambler engages in this activity expecting to finish with more money than she/he started with.
