Answer:
a. general ; ledger.
Explanation:
A transaction is initially recorded in the general journal, and then subsequently posted to the general ledger. In Financial accounting, this process of transferring information about a transaction from the general journal to the general ledger is known as posting.
Additionally, the main purpose of a general ledger is to list all accounts used in recording an organization's transactions and as such it contains a list of transactions affecting each account and the account's balance.
On the other hand, the purpose of a general journal is to record a chronological listing of every transaction for an organization at a given time.
Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:
Price listed by seller on Jan. 1, 20X1, $180,000
Burr Publishers’ initial offer to buy on Jan. 31, 20X1, $140,000
Purchase price on Mar. 20, 20X1, $160,000
Estimated selling price on Dec. 31, 20X3, $220,000
Assessed value for property taxes, Dec. 31, 20X3, $190,000
1. Which amount related to this purchase should be recorded in the accounting records?
a. 220,000.
b. 180,000.
c. 140,000.
d. 160,000.
2. The resources owned by a business are its _____.
a. liabilities.
b. owner's equity.
c. assets.
d. none of these choices are correct.
3. The rights and claims of creditors on a company's assets are represented by _____.
a. liabilities.
b. owner's equity.
c. assets.
d. none of these choices are correct.
4. Which element of the accounting equation represents the rights of owners?
a. liabilities.
b. owner's equity.
c. assets.
d. none of these choices are correct.
Answer:
1. Which amount related to this purchase should be recorded in the accounting records?
d. 160,000.According to the historical cost principle, assets must be recorded at their original purchase price, only accumulated depreciation can adjust their value.
2. The resources owned by a business are its _____.
c. assets.Assets are all the resources a business uses to carry out their normal business activities and operations.
3. The rights and claims of creditors on a company's assets are represented by _____.
a. liabilities.Liabilities represent all the debts that a company has.
4. Which element of the accounting equation represents the rights of owners?
b. owner's equity.Equity refers to the part of a company owned by its stockholders or owners. A company can finance itself through all equity, or it can have a mixed financing structure with equity and debt (liabilities). The investment made by the owners of a company is represented by the equity part of the balance sheet.
What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that
Answer:
asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3
Explanation:
Hours of labor or number of workers are common ways of measuring a company’s
Answer:
It is productivity
Explanation:
Western deli pays its couriers straight time for 36 hours per week and double time for any horus more than 36 worked last week kevin alvarez worked a total of 42 hours and had total pay of 545.28 what is his straight time pay
Answer:
Western Deli
Kevin Alvarez's straight time pay = $408.96
Explanation:
Data and Calculations:
Straight time = 36 hours per week
Overtime hours worked = 6 hours
Total hours worked = 42 hours
Total pay for the week = $545.28
Rate of pay:
Straight time = Hourly rate
Overtime = Hourly rate x 2
Total hours paid = Straight time + 2 of Overtime = 36 + 12 = 48 hours
Hourly rate = $545.28/48 = $11.36
Therefore, Straight time pay = 36 x $11.36 = $408.96
how can you make money at 13 years old.
Answer:
Start a online business, sell your old stuff, make money off your own talents if you have a talent. For example: if you like to paint or make jewlery, sell them on etsy or ebay. Make money by babysitting, walking a dog, chores. Sell feet pictures on omegle or kik (some ppl have foot fetishes, i know a friend who made hundreds a month for selling her foot pics).
Explanation:
A good definition of the term Marketing
Answer:
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Explanation:
The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 – 50,000 15 % 50,001 – 75,000 25 % 75,001 – 100,000 34 % 100,001 – 335,000 39 % What is the average tax rate for a firm with taxable income of $130,513?
Answer:
The average tax rate is 26.17%
Explanation:
The computation of the average tax rate having the taxable income is $130,513 is shown below:
$50,000 × 0.15 = $7,500
$25,000 × 0.25 = $6,250
$25,000 × 0.34 = $8,500
$30,513 × 0.39 = $11,900.07
Tax amount is $34,150.07
Now the average tax rate is
= Tax amount ÷ taxable income × 100
= $34,150.07 ÷ $130,513 × 100
= 26.17%
Hence, the average tax rate is 26.17%
four degrees of competition
Answer:
There are four types of competition in a free market system:
perfect competitionmonopolistic competitionoligopolymonopolyUnder monopolistic competition, many sellers offer differentiated products—products that differ slightly but serve similar purposes.
Hope this helps :)
List the four parts of the business cycle.
Expansion, peak, contraction and trough is the answer
Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the header of Carrie's balance sheet?
Answer:
The answer is Carrie's Balance Sheet (January 2013)
Explanation:
It is titled Carrie's Balance sheet and it shows the date in the title, it is the only one with a specific month compared to a longer period of time.
Answer:Carrie’s Balance Sheet (January 1, 2021)
Explanation: Got it correct on edge.
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What was the stamp act?
Don't Spam!
The stamp act is what happened after a war so that The british could pay off there debt
Identify the career that matches the description. Develops new processes to improve crops and harvests: Creates decorative flower arrangements: Plants, grows, and harvests crops: Supervises workers who grow and harvest plants for individual customers: Maintains lawns, gardens, and parks:
Answer:
Identify the career that matches the description.
Develops new processes to improve crops and harvests:
✔ Soil or Plant Scientist
Creates decorative flower arrangements:
✔ Floral Designer
Plants, grows, and harvests crops:
✔ Farmworker or Laborer, Crop
Supervises workers who grow and harvest plants for individual customers:
✔ Nursery or Greenhouse Manager
Maintains lawns, gardens, and parks:
✔ Landscaping or Groundskeeping Worker
Explanation:
Edge 2021
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Yeung Corp. purchases supplies on account. Recording this transaction will include a:________
Answer:
A. debit to supplies.
Explanation:
These are the options for the question
A. debit to supplies.
B. debit to revenues.
C. credit to cash.
D. credit to supply expense.
From the question we were informed about how a Yeung Corp. purchases supplies on account.
In the case of Recording this transaction will include a "debit to supplies".
In the domain of finance,whenever there is purchases supply, then all the expenses on this purchase must have Debit balance.
This is because Debit to supplies is responsible for the cost of supplies involved in that particular transaction.
Answer:debit to supplies
Explanation:
hurry! #6
Explain three possible reasons that Bill's potential employer was unsatisfied with his resume.
Situation: Bill submitted his resume to a potential employer and received a call informing him that he was not selected for the position.
Employer: "Unfortunately, based on your resume we are not able to hire you."
Bill: "I'd like to know the specific reasons so that I can improve my resume."
who ever can make me laugh will 100.00 dollars in cash
Q: what do you say when you're going to drunk dial someone
A: Al-chol you
Answer:
What did one hat say to the other?
You stay here. I’ll go on ahead.
Explanation:
Exxon, an energy company, thinks demand for oil, gas, and coal will increase for the foreseeable future, meaning 20-30 years. But they are hedging that bet by investing in small biofuels projects. This is called
Answer:
Forecasting
Explanation:
Forecasting is the way by which businesses predict future economic conditions by using past information and present economic situation to make informed guess about the future.
Forecasting is used by businesses to develop strategies that will ensure their future profitability.
In this instance Exxon predicted demand for oil, gas, and coal will increase for the foreseeable future of 20 to 30 years.
However their present activity is investment I sample biofuel projects.
This is forecasting the trend of demand in the oil and gas industry.
In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer? a government-run company a local cable company a publishing company a production company
Answer:
B
Explanation:
Damon often identifies causes of problems with telecommunication equipment. A local cable company is most likely his employer. Thus, its C.
What is telecommunication?Information can be transmitted using a variety of technologies via wire, radio, optical, or other electromagnetic systems. This is known as telecommunication.
As a result, slow systems (like postal mail) are not included in the field. It has its roots in humans' need for communication at a distance greater than what is possible with the human voice, but with a similar level of expediency.
From beacons and other identifying and communicating, to electrical cable and electromagnetic radiation, including light, the transmission media in telecommunication have progressed through several technological stages.
The advantages of multiplexing many concurrent communication sessions are made possible by the division of such transmission pathways into communication channels.
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Your question is incomplete, probably the question is:
In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer?
A) a government-run company
B) a local cable company
C) a publishing company
D) a production company
Commercial hotels are usually in downtown or _____________ districts.
Answer:
buisness
Explanation:
What are the three main decision-making types discussed in the article? (Site 1)
Answer:
1. Certain
2. Risk
3. Uncertainty
Explanation:
Answer:
1. Certain
2. Risk
3. Uncertainty
Explanation:
edg2021
"I cannot hear sound from my computer."
1.
2.
3.
An increase in demand means that quantity demanded is higher at each price level. True or false
Answer:True
Explanation:
4) Tye-Dye Sports manufactures custom long boards and has fixed costs of $945.00 per week and total costs of $8070.00 if the weekly output is 15 boards.a) Write the equation for the cost function, C(x). x is the number of long boards.b) If the boards sell for $546.00 a piece, write the equation for the revenue function, R(x).c) Write the profit function, P(x).d) How many long boards will the company need to manufacture and sell each week to break even?
Answer:
Tye-Dye Sports
a) Cost function, C(x) = $475x + $945 = $8,070
b) Revenue function, R(x) = $546x
c) Profit function, P(x) = R(x) - C(x)
d) To break-even, Fixed cost/Contribution per unit
= 13.3 or 14
Explanation:
a) Data and Calculations:
Fixed costs = $945 per week
Total costs = $8,070 per week
Production units = 15 boards per week
Variable costs = Total costs minus fixed costs
= $7,125 ($8,070 - 945)
Variable cost per unit = $7,125/15 = $475
Cost function, C(x) = $475x + $945 = $8,070
Revenue function, R(x) = $546x
Profit function, P(x) = R(x) - C(x)
= $546x - ($475x + $945)
Contribution per unit = $546 - $475 = $71
To break-even, Fixed cost/Contribution per unit
= $945/$71 = 13.3 or 14
A dometic firm may decide to contract for the production of its goods by established foreign manufacturer. Such pricate-label manufacturing by a foreign company is called
Answer:
Contract manufacturing.
Explanation:
A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.
Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.
This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.
Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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Which of the following resources is sustainable? Coal Petroleum Natural gas Sunlight
Complete the sentence. As _____ increases, specialization increases as well
.A.division of laborB.physical capitalC.opportunity costD.voluntary exchange
Answer:
B. Division of labor
Explanation:
ap*x
From the given question the correct answer is option A
Division of laborAs a division of labor increases specialization increases as well.
This supports help to grow as a specialization of labor, for example, allows workers to perfect one task rather than focus on many.
When As workers become more adept at a specialized task, also they become more efficient, and also production increases.
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All of the following are examples of results of unethical business actions except:
a. Recruitment and retention problems.
b. Lower employee salaries.
C. Negative employee relations.
d. Poor company reputation.
Ess Information Management (BIM) I
Which object tells Word that a formula is being entered into a cell?
O equations
O arguments
O equal sign
O formula mask
Answer:
O equal sign
Explanation:
The equal sign in the Excel spreadsheet application notifies the program that a formula is about to be entered. For example, to perform a summation by typing into a cell, failing to put the equal sign before sum {= sum} would result in an error. Notice this difference in the attachment.
Varion Air offers its customers a complementary air ticket on the purchase of three business class tickets. Varion Air's strategy best represents the ____ element of its marketing mix.
place
promotion
price
product
The Varion Air offers its customers a complementary air ticket on the purchase of three business class tickets. Varioun Air's strategy best represents the promotion element of its marketing mix.
What is strategy?An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the strategy for achieving the stated goal.
Advertising, sales promotion, and public relations, three of the five promotional factors, are frequently cited as using mass selling. Mass selling is the promotional strategy that contacts large groups of potential customers
Therefore, Thus option (B) is correct.
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Look up the following words. Give the etymology of each. State what kind of term, such as mathematical, scientific, political science, history, etc. Include the name of the dictionary consulted as well as the publisher and publishing date.
ideological:
constructivist:
Marxist:
Vector:
axiomatic:
azimuth:
matrix:
hypothesis:
theory:
phenomena:
Answer:
1). Ideological: Greek origin, meaning a form. It is largely employed in historical context.
2). Constructivist: Russian, derived from the word 'konstruktivizm' meaning to reference to an abstract art movement. It is used in both political and historical disciplines.
3). Marxist: The word Marxist is used to denote a firm follower of the principles and teachings of Karl Marx. The word is commonly employed in social sciences.
4). Vector: Latin origin, the word gives the meaning convey. It is used in mathematics.
5). Axiomatic: Greek origin, meaning of 'self-evident' or 'thought to be fitting.' The word is used in mathematics.
6). Azimuth: Arabic origin using the word 'meaning , and samt, direction.' It is employed in science and geography for describing the celestial or heavenly bodies.
7). Matrix: Latin origin, meaning 'a breeding mother.' The term is commonly employed in both science and mathematics.
8). Hypothesis: Greek origin, formed with words 'Hupo'(means under) and 'thesis'(means placing). This is used in science to check the validity of a truth.
9). Theory: It comes from Greek word Theoria, stands for 'speculation or contemplation' It is used in science, mathematics, and other disciplines as well.
10). Phenomena: Derived from 'Phasinomenon', a Greek word , which stands for 'things appearing to view.' The word is most likely used in science to detail natural occurrences.
Douglas Harper's 'Online Etymological dictionary', 2000.