Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the
sale recorded in the Accounts Receivable subsidiary ledger?
A. It is recorded upon payment.
B. as a $300 credit
C. as a $300 debit
D. as a $300 payment
As widgets Inc. makes a $300 on Widhets, Inc. makes a $300 account sales to custom motors. The sale will be recorded in the Accounts Receivable subsidiary ledger as a $300 debit.
What do you mean by accounts receivable subsidiary ledger?An accounts receivable subsidiary ledger refers to an accounting ledger showing transactions and payment history of customer to whom the business has provided some credit.
The accounts receivables subsidiary ledger provides detailed insight into the business. To record a credit sale, customer receivables account is debited and sales revenue account is credited.
Therefore, C is the correct option.
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If the total assets to equity ratio of a company is increasing, it is possible that:
A.The company is increasing the use of debt and getting higher financial leverage
B.The company is decreasing the use of debt and getting lower financial leverage
C.The company is decreasing its efficiency in operations
D.The company is increasing its efficiency in operations
When the proportion of the total assets to equities ratio increases, it is an indication that the company is less dependent on the debts of creditors.
What is assets to equity ratio?The assets to equity ratio represents the number of assets earned by an organization with the use of debt resources. If such ratio increases, the use of debts is lowered by the company.
An increase in the assets to equity ratio also indicates that the company is operating at very low risks of losing money, acquired through debt mode.
Hence, option B holds true regarding the assets to equity ratio.
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If you’re working with a group of people, or need the support of the students, you’ll need to learn how to create an argument and present it in an effective way.
A. True
B. False
In which part of the business plan might we expect to find a short biography of the company's CEO?
A Executive Summary
B. The Team
C. Company Status
D. The Advisors
Please Help!!!
We will be able to find the short biography of the company's CEO in "The Team" section of the business plan.
What is the The Team section?Under a business plan, the Team section tells a show biography and achievement of the top hierarchies of the firm.
Hence, the short biography of the company's CEO in "The Team" section of the business plan.
Therefore, the Option B is correct.
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If the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cost at that level of output is the following: a. Impossible to determine b. E45 c. E35 d. E30
If the total cost is E1000 and the average fixed cost is E15 with 20 units of output, then the average variable cost at that level of output is c. E35.
What is the variable cost?The variable cost is the cost element that varies with output.
When the output increases, the variable cost increases in total, while remaining the same per unit.
Data and Calculations:Total cost = E1,000
Average fixed cost = E15
Output = 20 units
Total fixed cost = E300 (E15 x 20)
Total variable cost = E700 (E1,000 - E300)
Average variable cost = E35 (E700/20)
Thus, if the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cost at that level of output is c. E35.
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If you borrow $5,400 at $800 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded to 2 decimal places.)
Activity
Part A: Browse career websites to learn about audiovisual and communications occupations and choose two jobs. Briefly summarize how the Jobs
you chose are related by skills and services offered. Select which occupation you would like to pursue.
Answer:
we can't answer this. this is your opinion.
7. When Professor Park travels for business, she always rents her car through Station Rental
Company because no matter the office location they honor her corporate rate. On her most recent
three business trips, Professor Park has rented her car through Station Rental Company and she
received her normal rate for the first two trips to Idaho and Florida, but she received a higher rate
for the last trip to Oklahoma. Professor Park completed an online survey to express her
disappointment that her normal rental rate was not honored at the Oklahoma rental office. This
scenario is an example of which service characteristic?
Omarketability
O inseparability
O variability
O intangibility
The provided scenario gives an example of variability in the service provided by the rental company.
Option C is the correct answer.
What is meant by corporate rate?The corporate rate is the fees levied by the hotel or rental company for a stay from their guests.
The variability in service by the rental company can be analyzed from the charging of two standard rates for the initial two trips done by the Park in respect of renting a car. But for the third trip, Park has to give a much higher amount for the same company for the renting service.
Therefore, the levying of higher charges for the third trip creates variability in the rental services provided by the company.
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Discuss how purchasing function can lead to competitive strategy in procurement management environment and with hypothetical organisation in mind, develop a strategic sourcing plan.
The purchasing function helps to gain competitive advantages by reducing costs associated with the value chain, increasing efficiency and total quality.
What is a Strategic Sourcing Plan?It corresponds to an approach of aligning the organizational purchasing strategy to the objectives stipulated by the planning, helping in the management of the supply chain for greater effectiveness in the use of information associated with purchases.
Therefore, a sourcing plan will help to reduce purchasing costs, speed up deliveries and choose the ideal suppliers for the business.
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PLEASE ANSWER FAST
__________ are courses that you take to get credit, but which aren’t required to graduate.
A. Esthetics
B. Electives
C. Fine arts
D. Clubs
Answer:
I think That the answer is B. Electives
Explanation:
Electives are a class that you choose that can give you credit in high school.
Which of the following best describes China’s role in the auto industry?
China exports a lot of cars, but the reason it is a major part of the auto industry is because it exports a lot of parts.
China exports very few cars, but is a big part of the auto industry because it exports a large number of car parts.
China exports very few cars, but the reason it is not a major part of the auto industry is because it also does not export many car parts.
China exports a lot of cars, but is not a major part of the auto industry because it does not export many car parts.
China exports a lot of cars, but the reason it is a major part of the auto industry is that it exports a lot of parts. option A is correct.
China's Role in the auto industry.China has a very crucial role in the auto industry, according to record, in 2018 China is responsible for the production of 30% of the total cars produced.
It is also recorded that China produces more cars than the EU and US combined.
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What happens when the terms of the loan are satisfied
A document called release of mortgage will be availed when the terms of the loan are satisfied.
What is a mortgage?A mortgage is an agreement the borrower and a lender in which the lender can take back his or her property should the borrow fail to pay back the money borrowed.
Hence, a document called release of mortgage will be availed when the terms of the loan are satisfied.
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Much of the information contained on a résumé is also requested on a(n)
O job application
OW-4
O W-2
new employee survey
The information mentioned in a resume is also written in the job application. Thus, the correct answer is option A.
What is a Job application?A job application is a statement where a candidate fills the information about him to allow the employer to know about his experience and responsibility. A job application includes personal information, educational qualification as well as professional experience.
This will play important role in selection as it helps employers to compare two applications and select one that best fits the role. There are different types of job applications written as per job profiles.
Therefore, option A job application is appropriate answer as it contains similar information to a Resume.
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Beech's managers have made the following additional assumptions and estimates:
25
points
eBook
Print
1. Estimated sales for July, August, September, and October will be $210,000, $230,000, $220,000, and $240,000, respectively.
2. All sales are on credit and all credit sales are cofected. Each month's credit sales are collected 35% in the month of sale and 65%
In the month following the sale. All of the accounts receivable at June 30 will be collected in July,
3. Each month's ending inventory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The
company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following
the purchase. All of the accounts payable at June 30 will be paid in July.
4. Monthly selling and administrative expenses are always $60,000. Each month $5,000 of this total amount is depreciation expense
and the remaining $55,000 relates to expenses that are pald in the month they are incurred,
5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company
does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30,
References
Required:
1. Prepare a schedule of expected cash collections for July, August, and September
2-a. Prepare a merchandise purchases budget for July, August, and September
. Also compute total merchandise purchases for the
quarter ended September 30.
2-6. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.
Dronare an income statement that comnite nat nerating income for the cuarter andart Sentomhar an
1. The preparation of the schedule of expected cash collections for July, August, and September for Beech Corporation is as follows:
Cash Collections:July August September
Estimated sales $210,000 $230,000 $220,000
Cash collection:
35% sales month $178,500 $80,500 $77,000
65% month following 140,000 136,500 149,500
Total cash collections $318,500 $217,000 $226,500
2. The preparation of a schedule of merchandise purchases for July, August, and September for Beech Corporation is as follows:
Merchandise Purchases:July August September
Estimated sales $210,000 $230,000 $220,000
Cost of goods sold $126,000 $138,000 $132,000
Ending inventory $69,000 $66,000 $72,000
Goods available $195,000 $204,000 $204,000
Beginning inventory 60,500 69,000 66,000
Purchases $134,500 $135,000 $138,000
The total merchandise purchases for the quarter ended September 30 is $407,500 ($134,500 + $135,000 + $138,000).
2-b. The preparation of a schedule of expected cash disbursements for merchandise purchases for July, August, and September for Beech Corporation is as follows:
Cash Disbursements:July August September
Purchases $134,500 $135,000 $138,000
Cash payment for purchases:
40% month of purchase $53,800 $54,000 $55,300
60% month following 88,000 $80,700 81,000
Total cash payment $141,800 $134,700 $136,300
3. The preparation of an income statement showing the net operating income for the quarter for Beech Corporation is as follows:
Beech's Corporation
Income Statement:July August September Total
Estimated sales $210,000 $230,000 $220,000 $660,000
Cost of goods sold $126,000 $138,000 $132,000 396,000
Gross profit $84,000 $92,000 $88,000 $264,000
Expenses:
Selling and admin. $60,000 $60,000 $60,000 $180,000
Net income $24,000 $32,000 $28,000 $84,000
Data and Calculations:Sales Budget and Cash Collections
July August September October
Estimated sales $210,000 $230,000 $220,000 $240,000
Cash collection:
35% sales month $178,500 $80,500 $77,000 $84,000
65% month following 140,000 136,500 149,500 143,000
Total cash collections $318,500 $217,000 $226,500 $227,000
July August September October
Estimated sales $210,000 $230,000 $220,000 $240,000
Cost of goods sold $126,000 $138,000 $132,000 $144,000
Ending inventory $69,000 $66,000 $72,000
Goods available $195,000 $204,000 $204,000
Beginning inventory 60,500 69,000 66,000
Purchases $134,500 $135,000 $138,000
Cash payment for purchases:
40% month of purchase $53,800 $54,000 $55,300
60% month following 88,000 $80,700 81,000
Total cash payment $141,800 $134,700 $136,300
Beech Corporation
Balance Sheet at June 30:Assets:
Cash $75,000
Accounts receivable 140,000 143,000
Inventory 60,500
Plant and Equipment 227,000
Total assets $508,500
Liabilities:
Accounts Payable $88,000 $82,700
Common Stock 311,000
Retained Earnings 109,500
Total liabilities & equity $508,500
Thus, the net operating income for the quarter ended September 30 for Beech Corporation is $84,000.
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This type of investment typically has a greater long-term rate of return than a savings account.
A. Checking Account
B. Credit Union
C. Credit Card
D. Stock
Answer:
checking account its the answer if its incorrect please let me know cuz its in ny book like that too so yeah
Answer: D. Stock
Explanation:
Cryptocurrency is a form of payment that:
A. can be exchanged online for goods and services.
B. can only be exchanged for specific things.
C. can be used for digital or face-to-face transactions.
D. exists online and in local banks.
Answer:
The answer is A. can be exchanged online for goods and services.
Explanation:
Cryptocurrencies are used primarily outside existing banking and governmental institutions and are exchanged over the Internet.Making the choice to spend money on post secondary
education pays off in the long run because:
You or your parents can write it off your taxes.
There are less expensive options for obtaining a
post secondary education.
The salary you will earn with a degree will pay back
the cost of college over your career.
You can get grants and scholarships to pay for post
secondary education while you are there.
Answer:
Explanation:
This is one of those questions where all the choices are true. I guess the trick is picking the best one.
A: is true, but you pay a great deal more than the benefit of tax relief.
B: is also true. The Great Courses offers many courses in the field that you intend to study. But you get what you pay for. Who will recognize the good education that you got? An even better possible answer is night school, but that takes a tremendous amount of dedication.
C: I think I'd pick C. This is a business question. You have to decide what the best benefit is.
D: You can get grants which will lessen the burden, but it won't eliminate it entirely, I still think C is the best answer.
What should you do if your decision isn't working out and you have tried making adjustments
Alternative actions (if the decision is not working as intended): Give it more time: You need to make sure employees, customers, and so on have had enough time to get used to the new action. Change it slightly: Maybe the action was correct, but it just needs "tweaking"—a small change of some sort.
(hope it helps hehe ^^')
Nihon Company had the following transactions involving notes payable.
July 1, 2017 Borrows $50,000 from First National Bank by signing a 6-month, 12% note.
Dec. 31, 2017 Prepares adjusting entries.
Apr. 1, 2018 Pays principal and interest to First National Bank.
Prepare journal entries for each of the transactions.
The preparation of the journal entries for each of the transactions for Nihon Company is as follows:
Journal Entries:July 1, 2017 Debit Cash $50,000
Credit Note Payable (First National Bank) $50,000
To record the receipt of loan on note payable at 12% for 6-months.Dec. 31, 2017 Debit Interest Expense $3,000
Credit Interest Payable (First National Bank) $3,000
To accrue interest expense.Apr. 1, 2018 Debit Interest Expense $1,500
Credit Interest Payable (First National Bank) $1,500
To accrue interest expense.Debit Note Payable (First National Bank) $50,000
Debit Interest Payable (First National Bank) $4,500
Credit Cash $54,500
To record the payment of note payable and interest.Transaction Analysis:July 1, 2017 Cash $50,000 Note Payable (First National Bank) $50,000
a 6-month, 12% note.
Dec. 31, 2017 Interest Expense $3,000 Interest Payable (First National Bank) $3,000
Apr. 1, 2018 Interest Expense $1,500 Interest Payable (First National Bank) $1,500
Note Payable (First National Bank) $50,000 Interest Payable (First National Bank) $4,500Cash $54,500
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Describe four principles or organizations brought about by the Bretton Woods Agreement that remain important to international business and trade today.
The Bretton Woods Agreement established four ideas or organizations that are still crucial to international commerce and trade today, that are the International Monetary Fund, Exchange Rate, Promote Economic Growth, and Prevent Competitive Regulations.
What is Bretton Woods Agreement?The Bretton Woods Agreement was the system that was established to use gold as the worldwide benchmark for creating a fixed currency exchange rate.
This agreement was signed by the 44 representatives from countries. Which led to the establishment of the International Monetary Fund (IMF) and the World Bank.
The four main ideas that were established by this agreement were the Exchange Rate, International Monetary Fund, Prevent Competitive Regulations, and Promote Economic Growth.
Therefore, the four ideas of this agreement is important to the businesses.
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which among the sentences below best describe prepayments?
a. payments made for economic benefits that do not ever expire
b. classified as liability on the balance sheet
c. generally all combined into one assets account called "miscellaneous prepaid expense"
d. assets, which become expenses as they are used up
The statement that describes prepayment is B. classified as liability on the balance sheet.
What is prepayment?It should be noted that a prepayment simply means an accounting term that's used for the settlement of a debt in advance.
In this case, the statement that describes prepayment is that it is classified as liability on the balance sheet.
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Employee earnings records for Slaymaker Company reveal these gross earnings for four employees through the pay period of December 15.
J. Seligman $93,500 L. Marshall $115,100
R. Eby $113,600 T. Olson $140,000
For the pay period ending December 31, each employee’s gross earnings is $4,500. The FICA tax rate is 7.65% on gross earnings of $132,900.
Instructions
Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)
Prepare payroll register and record payroll and payroll tax expense.
Based on the information, it can be inferred that Olson must pay $11,054.25 as FICA Tax.
How to calculate the FICA withholding of each employee?To calculate the FICA withholding of each employee it is necessary to add the $4,500 earned by the employees in the pay period of December 31:
$93,500 + $4,500 = $98,000$113,600 + $4,500 = $118,100$115,100 + $4,500 = $119,600$140,000 + $4,500 = $144,500Next, we need to calculate 7.65% of values over $132,900, meaning only Olson's income tax would apply.
To calculate 7.65% of Olson's gross profits it is calculated as shown below.
$144,500 ÷ 100 = $1,445$1,445 × 7.65% = $11,054.25Based on the above, the tax Olson must pay is $11,054.25
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Differences between conflict and grievances
Answer:
A conflict is a struggle and a clash of interest, opinion, or even principles. Conflict will always be found in society; as the basis of conflict may vary to be personal, racial, class, caste, political and international.
A grievance (from Latin gravis 'heavy') is a wrong or hardship suffered, real or supposed, which forms legitimate grounds of complaint. In the past, the word meant the infliction or cause of hardship.
What is the difference between libel and slander?
A. Libel is written, while slander is spoken
ООО
B. Slander is based on truth, while libel isn't
O c. Only slander has legal repercussions
D. Libel is more serious than slander
Answer:
A. Libel is written, while slander is spoken
Explanation: Libel is a defamatory statement made in writing, while slander is a defamatory statement that is spoken.
__ are the major source of long term debt financing for most cor
Answer:
Traditional bank loans
Explanation:
Traditional bank loans are the most common form of debt financing for all sizes of companies. Any bank loan with maturity over 12 months can be termed as a long-term debt source. Borrowers require asset-backed collateral to secure bank loans.
interview a business owner manager on a crisis experienced in a workplace. Attach an interview schedule as part of your oral presentation
It is essential to prepare a script with well-structured and organized questions to conduct an effective interview on any topic.
What to ask in an interview for a survey?The questions must be objective to avoid ambiguity and obtain the answers that will solve your thesis. To interview a company manager about a crisis in the workplace, some questions might be:
How did the crisis arise?What was the risk management plan?How did the company get over it?Therefore, it is essential that the research is planned and conducted in an organized and structured manner for effective results.
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How much would $7,550 due in 50 years be worth today if the discount rate were 7.5%?
If we were to receive $7,550 in 50 years, in today's value and at a discount rate of 7.5%, it would be worth $203.
What is the present value of $7,550?You can find this out through the formula:
= Amount / (1 + rate) ^ number of periods
Solving gives:
= 7,550 / ( 1 + 7.5%)⁵⁰
= 7,550 / 1.075⁵⁰
= $203
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Classify each of the following statements as a positive or negative effect of tourism.
commercialization and erosion of
cultural values
growth in industries such as
agriculture
conflicts between tourists and
locals over the use of resources
job creation and the prevention
of urban migration
job-related friction, such as locals
receiving lower wages than foreign
employees
conservation of heritage sites
Answer:
Positive Effects of Tourism- growth in industries such as agriculture, job creation, and the prevention of urban migration, conservation of heritage sites
Negative Effects of Tourism- job-related friction, commercialization and erosion of cultural values, and conflicts between locals and tourists over the use of resources
Explanation:
explain idea generation concept
What is the distinction between debtor and creditor?
Answer:
A creditor is a person who lends money or extends credit to another person. A debtor is a system or person that owes money to another orginization or party (AKA a company or individual who owes money.)
Explanation:
Hope this helps you! Good luck :)
Debtor → A company or individual who owes money.
Creditor → A person to whom a debt is owed especially.
Basically the debtor is the borrower and the creditor is the lender.[tex]\large{\red{\bold{ { \underline{\overline{{ \purple{hope \: this \: helps \: you \: \:}}}}}}}}[/tex]
