The adjusting entry for the form on weekly salaries includes a debit to Salary Expense for $12,000 and a credit to Salaries Payable for $12,000.
What are salaries account?In an entry, it will be a debit to the Salary and corresponding credit to the the Bank account.
Because its pays weekly salaries of $44,700 on Friday for a five-day week ending on that day, the adjusting entry will includes a debit to Salary Expense for $12,000 and a credit to Salaries Payable for $12,000.
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Kay Sadia sold merchandise for $4,400 subject to 9% sales tax. The entry in the general journal to record the sale will include:
The entry that would be recorded is a credit to sales of $4400.
How to solve for the journal entryWe have the amount that is sold for the merchandise as $4400
The sales tax is given as 9 percent
The account receivables can be solved by
4400 + 9 percent = $4796
The sales payable would have 4400 x 9 percent
= $396
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The failure to follow the rules for formation of a contract means no contract will come into existence. Even if it appears that a contract exists, it can have a defect that can affect the existence of what appears to be a contract. A contract that is ______ is deemed never to have existed. The contract is void and cannot be enforced against the parties.
Voidability of agreements without free consent. —When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract voidable at the option of the party whose consent was so caused.
What is a Voidable Contract ?A voidable contract is a formal agreement between two parties that may be rendered unenforceable for any number of legal reasons, which may include: Failure by one or both parties to disclose a material fact. A mistake, misrepresentation, or fraud. Undue influence or duress.
A contract signed by misleading the other party. A contract signed by due to acts of fraud. Contract signed with someone when they were temporarily incapacitated.Learn more about Voidable Contract here:
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The amount of reserves that a commercial bank is required to hold is equal to?
Answer:
its checkable deposits multiplied by the reserve requirement.
Explanation:
Based on the video, which economic theories were most
clearly applied by the Federal Reserve in response to the
economic crisis?
Describe the connections between the Fed's actions and
the theories of Smith, Keynes, Hayek, or Friedman.
The economic theories that were most clearly applied by the Federal Reserve in response to the economic crisis were based on the theories of Keynes and Friedman.
They both believed that aggregate demand can be influenced by government policies and help an ailing economy to recover.
Hence, we can see that from the complete information, the Federal Reserve made use of their theories to intervene and they did this by the use of monetary policy to increase the money supply.
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Answer:
The Federal Reserve pursued policies that most closely followed the theories of Keynes and Friedman. Both economists argued that aggregate demand could be influenced through policies. They believed that this could help the economy recover or grow. The Fed seemed to follow Keynes's theories by taking action to intervene. It also seemed to follow Friedman's thinking by focusing on increasing the money supply through monetary policy.
Explanation:
ed 22
Why do politicians often establish trade barriers even though the barriers usually do more harm than good
They are motivated to develop regulations that benefit small, powerful organizations while spreading expenses across a vast population.
Why do government use trade barriers?Governments can decide what types of goods and how much of each should enter the country by using trade barriers to either increase or limit (control) foreign commerce.What is the biggest reason for trade barriers?Tariffs and subsidies both increase the cost of imported items in comparison to native goods, which lowers imports. Because its declared goal is to safeguard or advance specific businesses or economic sectors, trade barriers are frequently referred to as "protection."Are trade barriers good or bad?Trade restrictions like tariffs, which increase prices and limit supply of products and services, have been shown to have a negative economic impact on the economy. As a result, there is a net decrease in income, employment, and economic production.Which type of trade barrier is used for political purposes?The government issues an order outlawing any trade with another nation. The embargo is the toughest kind of trade restriction and is typically implemented for political reasons to harm a nation's economy. When a nation totally forbids trade with another nation, it imposes an embargo.Learn more about trade barrier here:
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A project has an initial cost of $48,425, expected net cash inflows of $11,000 per year for 8 years, and a cost of capital of 12%. What is the project's payback period
The project's payback period is 6.51 years.
Present value of year 1 cash flow = 12000 / (1 + 0.12) = 10,714.28571
Present value of year 2 cash flow = 12000 / (1 + 0.12)2 = 9,566.32653
Present value of year 3 cash flow = 12000 / (1 + 0.12)3 = 8,541.36297
Present value of year 4 cash flow = 12000 / (1 + 0.12)4 = 7,626.21694
Present value of year 5 cash flow = 12000 / (1 + 0.12)5 = 6,809.12227
Present value of year 6 cash flow = 12000 / (1 + 0.12)6 = 6,079.57345
Present value of year 7 cash flow = 12000 / (1 + 0.12)7 = 5,428.19058
Cumulative cash flow for year 0 = -52,125
Cumulative cash flow for year 1 = -52,125 + 10,714.28571 = -41,410.71429
Cumulative cash flow for year 2 = -41,410.71429 + 9,566.32653 = -31,844.38776
Cumulative cash flow for year 3 = -31,844.38776 + 8,541.36297 = -23,303.02479
Cumulative cash flow for year 4 = -23,303.02479 + 7,626.21694 = -15,676.80785
Cumulative cash flow for year 5 = -15,676.80785 + 6,809.12227 = -8,867.68558
Cumulative cash flow for year 6 = -8,867.68558 + 6,079.57345 = -2,788.11213
Cumulative cash flow for year 7 = -2,788.11213 + 5,428.19058 = 2,640
2,788.11213 / 5,428.19058 = 0.51
Discounted payback period = 6 + 0.51 = 6.51 years.
Cash flow is the money that goes into your business and can come from selling, investing, or raising funds. It's the opposite of the cash outflow, which is the money to leave the company. A company's ability to create value for its shareholders is determined by its ability to generate positive cash flow.
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Use the as/ad model to describe the effect of each of the following events on the economy of snezhanka (a fictitious nation). beginning with the economy in equilibrium carefully show the shift involved and the new equilibrium. state whether the p (price level) and rgdp at the new equilibrium are higher or lower. for each part of this question, start again at the original equilibrium. what will happen if:
a. taxes on households are decreased?
b. taxes paid by firms are decreased?
c. the value of the national currency, the snezhankan lev, declines in the international currency market?
d. a revolutionary new machine, the aparat, increases worker productivity?
The following would happen
Aggregate income would increase for households. They would have a rise in output. taxes on households are decreasedWhen the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.
taxes paid by firms are decreasedThe cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.
the value of the national currency, the snezhankan lev, declines in the international currency market?If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.
a revolutionary new machine, the apparat, increases worker productivityAn increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.
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In a fractional reserve banking system, banks Group of answer choices have to purchase gold that has the value of the deposits received. must deposit all cash from depositors with the Federal Reserve. can lend all of the deposits that are received. have to deposit all cash from depositors in their own bank vault. face the risk of not having enough cash to meet withdrawal needs.
The correct option E.
In a fractional reserve banking system, Banks face the risk of not having enough cash to meet withdrawal needs.
What is the Fractional Reserve Banking ?Fractional-reserve banking is the machine of banking running in nearly all international locations worldwide, below which banks that take deposits from the general public are required to preserve a percentage in their deposit liabilities in liquid belongings as a reserve, and are at liberty to lend the the rest to borrowers.
Bank reserves are held as coins withinside the financial institution or as balances withinside the financial institution's account on the crucial financial institution. The country's crucial financial institution determines the minimal quantity that banks need to preserve in liquid belongings, known as the "reserve requirement" or "reserve ratio". Most industrial banks preserve extra than this minimal quantity as extra reserves.
This lets in them to apply the relaxation of it to make loans and thereby basically create new cash. This offers industrial banks the electricity to immediately have an effect on the cash supply.
Therefore, the Right Option is E. In a fractional reserve banking system, banks face the risk of not having enough cash to meet withdrawal needs.
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Which type of structure uses domain expertise to separate employees into specific areas based on their purpose, such as sales and human resources
The type of structure that uses domain expertise to separate employees into specific areas based on their purpose, such as sales and human resources is called a functional structure.
What is functional structure?This is a type of organizational structure in which the organization is divided into smaller groups based on specialized functional areas.
The organization structure as reported above includes;
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Upward and downward changes in aggregate economic activity, as measured by GDP, are called: Group of answer choices
Upward and downward changes in aggregate economic activity, as measured by GDP, are called Business cycles.
What is Business cycles?Business cycles can be regarded as the cyclical upswings as well as the downswings that is been used in in the broad measures of economic activity.
Therefore, Business cycles is Upward and downward changes in aggregate economic activity, as measured by GDP.
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Ames Trading Company has the following products in its ending inventory. Product Quantity Cost per Unit Market per Unit Mountain bikes 15 $ 720 $ 660 Skateboards 30 200 270 Gliders 24 770 720 Compute lower of cost or market for inventory applied separately to each product.
The total Lower of Cost or Market is $38870.
What is Lower of Cost or Market?Companies using U.S. GAAP must value their inventories using the lower of cost or market (LCM) technique. The lower of the original cost or market value is used to value inventory in the lower of cost or market approach, as the name suggests.We have,
Mountain Bikes: 15 units, cost: $710, market: $660, total cost: $10,650, total market: $9900, LCM: $9900
Skateboards: 20 units, cost: $260, market: $290, total cost: $7800, total market: $8700, LCM: $7800
Gliders: 29 units, cost: $810, market: $730, total cost: $23490, total market: $21170, LCM: $21170
Total cost: $41940
Total market: $39770
Total LCM: $38870
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Laborers working on a building are promised by their contractors that their wages would be paid at the end of every month. The laborers also in return promise to work from the beginning of the subsequent month. When the laborers have worked for the entire duration of the month and are awaiting their wages at the end of the month, the contract is ________. Group of answer choices implied executed void executory unilateral
Laborers working on a building are promised by their contractors that their wages would be paid at the end of every month. The laborers also in return promise to work from the beginning of the subsequent month. When the laborers have worked for the entire duration of the month and are awaiting their wages at the end of the month, the contract is executory.
What is the meaning of executory?Something that hasn't been fully executed yet and is consequently still deemed insufficient or uncertain until it is, for example, a contract.Anything that is executory has either begun and is not yet finished or is in the process of finishing in order to be fully effective later.What is an example of an executory contract?An apartment lease is an illustration of an executory contract. Until the end date specified in the lease, both the lessee and the lessor are obligated to make payments and maintain the property.What do you mean by executory and non executory contract?For instance, the majority of leases and contracts for the sale of commodities in which the buyer has not made payment and the vendor has not delivered the products are executory contracts. If the products have been delivered but the buyer has not made payment, the contract is not in force.Learn more about executory contract here:
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One of the problems unions are experiencing today is the reluctance of autoworkers in southeastern United States to join unions. In a few instances, when the Auto Workers Union (AUW) gathered enough employee signatures to call for a union certification election, the employees have voted against unionization. Who conducted this election
The National Labor Relations Board onducted this election.
Elections for workers to select whether they wish to join a union or be represented by one must be held, according to the National Labor Relations Board's authority granted under the National Labor Relations Act of 1935.The Auto Workers Union (AUW) had to collect enough employee signatures because in order for a Union to ask the Board for an election, it must first demonstrate that the workers it wants to represent support the election.Which of the following benefits do unions almost never stress in an organizing campaign?A job specification outlines the qualifications needed to perform the duties of the position. Robin Banyan submitted an application for a position at the unionized Shane Printing.Why unions are gaining momentum in nontraditional professions?Low salaries Today, unions are becoming more popular in non-traditional occupations like teaching and nursing.Learn more about National Labor Relations Board here:
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A manager working in ABC Consulting shared a list of employees from his team who were eligible for an extra week off. Later, he claimed that he has never shared this list. Which principle or functionality of a secured communication can be used to substantiate or verify the manager's claim?
A list of ABC Consulting employees who qualified for an additional week off was distributed by a manager on his team. He later asserted that he never disclosed this list. Nonrepudiation concept or feature can be applied to support or validate the manager's assertion.
The guarantee that someone cannot contest the validity of anything is known as non-repudiation. Information security frequently uses the legal notion of non-repudiation, which is a service that offers evidence of the source and reliability of data. In other words, non-repudiation makes it very impossible to successfully dispute the validity and integrity of a message, as well as who or where it originated.
When it comes to online transactions, where it is essential to make sure that a party to a contract or a communication can't dispute the authenticity of their signature on a document or sending the communication in the first place, digital signatures (combined with other measures) can provide non-repudiation. The capacity to assure that a party to a contract or a communication must accept the legitimacy of their signature on a document or the sending of a message is known as non-repudiation in this context.
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an investor is close to retirement and wants a short-term, low-risky investment with low liquidity. which investment meets these requirements?
The investment that meets these requirement is : Treasury bills
What are Treasury Bills ?A low risky investment with low liquidity and can be held for a short term is Treasury bills are one of the safest investments that can held for a short period ( A few days to 52 weeks ),They are better investment opportunities for investors close to their retirement.
Treasury bills have low returns on investment when compared to other investments.
Hence we can conclude that The investment that meets these requirement is : Treasury bills
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An agent must keep appropriate written records for any money received or spent in the course of agency business under the duty to:
Accounting; all the transactions i.e. all the money received or spent is recorded by an agent or an account it is called accounting.
More about accounting:
The process of reporting, recording, evaluating, and summarising economic data is referred to as accounting. By giving information about the company's financial situation, accounting enables a company's decision-makers to take wise decisions.
Accounting is the "art of recording, classifying, and summarising in a meaningful way and in terms of money, transactions and events which are, at least in part, of financial character, and interpreting the results thereof," according to the American Institute of Certified Public Accountants (AICPA).
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Within the United States, the dominant body in the primary development of accounting principles is the
Within the United States, the dominant body in the primary development of accounting principles is the FASB.
What is FASB?The Financial Accounting Standards Board (FASB) is a private organisation that sets and improve the Generally Accepted Accounting Principles in the United States. It was established in 1973.
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When people consider purchasing a good, they: Group of answer choices are responding to the market forces of supply and demand. are most influenced by the price of the product or service. will not consider goods that require them to make a special effort to purchase. may evaluate and compare a variety of factors.
When people consider purchasing a good, they (D)May evaluate and compare a variety of factors.
A good or service that customers of a company regard more highly than comparable offerings from a rival.Land, labor, capital, entrepreneurship, and knowledge are the components of production. Entrepreneurship and knowledge appear to be the most crucial of these.According to our research, there are six main ways to distinguish yourself from the competition: price, reputation/image, relationships, reputation/image management, routes of distribution, and product.What is a competitive advantage in business?Anything that gives a business an edge over its rivals, enabling it to draw in more clients and increase its market share, is considered a competitive advantage. Three main types of competitive advantages are possible: Cost advantage is the ability to produce a good or deliver a service for less money than rivals.Learn more about competitive advantage in business brainly.com/question/14486110
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A moderate increase in a budget deficit that leads to a _____________________ is not necessarily a cause for concern
A moderate increase in a budget deficit that leads to a moderate increase in a trade deficit and a moderate appreciation of the exchange rate is not necessarily a cause for concern.
What is Budget Deficit?When spending surpasses income—that is when the entire amount of money one spends exceeds the total amount of money one gets in—a budget deficit results. Both small and big scales of this are possible. For instance, if a person's total monthly costs exceed his or her monthly household income, the household budget may be in deficit.When operating expenses exceed revenue, businesses have budget shortfalls. The same fundamental idea still holds true: the corporation is in the red because its total revenue is less than what it owes. This can lead to debt, just like it can on an individual basis.To learn more about Budget Deficit refer to:
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Tanya is a computer engineer she wants to serve the society by providing expert Computer Services at cheaper rate she opened her computer academy in a backward region for giving computer training to local people
identify the economic activity in which tanya is engaged by giving reason
The economic activity in which Tanya is engaged in is a business.
How to illustrate the information?It should be noted that from the information, it was stated that Tanya is a computer engineer and she wants to serve the society by providing expert computer services at cheaper rate.
This illustrates that she's into a service business as she provides service to the people.
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Research indicates that investors who closely monitor their portfolios and trade quickly in response to minor fluctuations in price:_____________
A. earn rates of return similar to those who hold investments for the long−term and trade infrequently.
B. underperform those who hold investments for the long−term and trade infrequently.
C. outperform those who hold investments for the long−term and trade infrequently.
D. be more highly educated and in higher income brackets than those who hold investments for the long term and trade infrequently.
B. underperform those who hold investments for the long term and trade infrequently.
Research indicates that investors who closely monitor their portfolios and trade quickly in response to minor fluctuations in price underperform those who hold investments for the long term and trade infrequently.
Why do investors underperform?
Market timing is the first explanation. Individual investors attempt to decide whether to invest in stocks and when to withdraw funds from them. Despite the fact that we are aware of the market's unpredictability, investors frequently invest during bull markets and exit during down markets. This is seen in the money flows into and out of mutual funds during stock market extremes. Your return will be negatively impacted if you buy high and sell low.
The fees that investors spend are the second factor contributing to their poor market performance. The majority of investors are unaware of their costs and don't care. They fail to understand how a few dollars here and there could possibly make a difference. They believe the fees and charges don't exist since they can't see them.
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Chase Company rents space to a tenant for $3,700 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is:
Debit Rent Receivable, $7,400; credit Rent Earned, $7,400.
What is sheet entry?An electrical design primitive that belongs inside a sheet symbol is called a sheet entry. It is positioned inside a sheet symbol to indicate the symbol's input and output ports. The symbol's source schematic sub-sheet is represented by the sheet entries, which correspond to ports placed there.According to the question:
Since Chase Company's revenue is $3,700, accrued revenue is entered in the receivable account. The Chase Company has accrued the rent for November and December but has not yet received it. The adjustment entry for the two-month expense will be entered on December 31 as follows.
Dr. Rent Receivable ( $3700 x 2) $7,400.
Cr. Rent Earned $7,400.
Note:
The options do not match the question based on the information provided in the question. The following response is created using the information provided.Since Chase Company's revenue is $4,000, accrued revenue is recorded in the receivable account. The Chase Company has accrued the rent for November and December but has not yet received it. The adjustment entry for the two-month expense will be entered on December 31 as follows.Dr. Rent Receivable ( $4000 x 2) $8,000.
Cr. Rent Earned $8,000.
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Bob and Ted have been tasked with planning their team's retreat. They plan to survey last year's attendees to determine how they liked the venue. Additionally, they will need to determine the attendees, the date and time, the location, the menu, and the venue, as well as establish a budget to be approved by senior management.
Which basic planning step is described by Bob and Ted's deliverables?
a. Implementing a plan. b. Identifying and assessing present and future conditions affecting the objectives.
c. Developing a systematic approach to achieving the objective. d. Setting an objective or goal.
Identifying and assessing present and future conditions affecting the objectives.
Is the process of establishing goals and figuring out the best way to achieve them?recognizing and evaluating factors that will affect the goal now and in the future.Controlling is the process of establishing goals and figuring out how to reach them. Leading is the act of directing human resources to achieve high levels of task completion.What factors should you take into account when defining objectives?Although SMART has many different definitions, the fundamental idea is that objectives should be:
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What form of scrambled merchandising, popular in Europe, features large stores that provide variety, quality, and low price for groceries and general merchandise
Hypermarket is form of scrambled merchandising, popular in Europe, features large stores that provide variety, quality, and low price for groceries and general merchandise.
What does the term "hypermarket" mean?a very large retailer that stocks both items typically found in department stores and supermarkets.
What is an example of a hypermarket?Shoppers can find everything they need in a hypermarket. The purpose of this big box retailer is to offer customers all the products they need under one roof. The Walmart Super center, Fred Meyer, Meijer, and Super Kmart are a few of the best-known hypermarkets.
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The process through which organizations make decisions about who will or will not be allowed to join the organization is called _____.
Hello !
Answer:
The process through which organizations make decisions about who will or will not be allowed to join the organization is called personnel selection.
Amazon is currently leveraging its branding power to push customers to shop more at Whole Foods.Apple and Goldman Sachs teamed up during 2019 to jointly issue a credit card. These are examples of:
Amazon is currently leveraging its branding power to push customers to shop more at Whole Foods.Apple and Goldman Sachs teamed up during 2019 to jointly issue a credit card. These are examples of Cobranding.
Why do consumers typically choose certain brands rather than others?Customers pick the brand they believe will provide the best answer to their difficulties. Create a remedy for an issue that clients aren't yet aware they have in order to achieve enormous marketing success.Why is branding important to consumers?By making your products simple to select, you assist your customers know what to anticipate. Consumers are given reasons by brands to select their goods or services. A company will probably attract a sizable number of devoted clients if it expresses a clear brand promise and consistently fulfills it over time.What is the main purpose of branding?A brand position in marketing serves to build loyalty and generate trust with customers. A strong brand purpose establishes an identity for your company, provides customers a reason to remember you, and distinguishes you from rivals.Learn more about branding here:
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a measure of the rate of percentage change of quantity demanded with respect to price, holding all other determinants of demand constant is
A measure of the rate of percentage change of quantity demanded with respect to price, holding all other determinants of demand constant is the price elasticity of demand.
Fee elasticity of call for is a dimension of the exchange in intake of a product in relation to exchange in its rate. A good is elastic if a charge exchange reasons an enormous exchange in call for or supply. a terrific is inelastic if a rate change does no longer reason call for or supply to change very a whole lot.
An excellent's rate elasticity of call for is a degree of the way touchy the amount demanded is to its price. Whilst the charge rises, the quantity demanded falls for almost any appropriate, however, it falls greater for a few than for others.
There are 5 sorts of fee elasticity of demand: flawlessly inelastic, inelastic, perfectly elastic, elastic, and unitary. Charge elasticity of call for can be calculated by means of dividing the share change in the amount demanded through the percentage alternate in rate.
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Which methodology is based on the SDLC and assumes a project phase is complete before moving on to the next phase
Waterfall model or methodology is based on the SDLC and assumes a project phase is complete before moving on to the next phase.
What is waterfall model in SDLC?The Waterfall model is known to be one that shows that any phase in the development means do start only if the former phase is complete.
Therefore, Waterfall model or methodology is based on the SDLC and assumes a project phase is complete before moving on to the next phase.
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______________________ are being used when independent organizations voluntarily agree to partner with each other and the partnership allows each firm to specialize in the performance of one or two core competencies.
The answer here is Conventional marketing system.
Manufacturers, wholesalers/distributors, and retailers operating under independent ownership make up the traditional marketing channels. Each company has a board of directors, shareholders, or an owner that it is responsible to.
Producers, distributors, and retailers operate as independent companies in conventional marketing systems and all want to maximize their earnings. Conflicts can occur that lower revenues for the whole channel when one channel member tries to increase profits at the expense of other members.
Conventional Marketing's benefits:
1)Your local audience may be reached.
2) Promotional materials are environmentally friendly.
3)You Reach a More Diverse Audience.
4)Credibility is Established via Traditional Marketing.
5)Innovative Marketing for Your Business.
6)Hard copy marketing materials may be simpler to process.
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8. An organizational activity that results in the creation, coordination, and organization of information about that organization and the dissemination of it to the public through the mass media is called __________.
Media relations is an organizational activity that results in the development, coordination, and organization of information about that organization and its presentation to the public through the mass media.
Media relations refers to the mutually beneficial contact between journalists and public relations professionals. The simplicity with which journalists may access story ideas and sources is one of the most significant advantages.
Media relations are essential for increasing brand recognition, establishing corporate reputation, and learning about client preferences and choices. Customers can learn about the company's products and services by visiting the blog or online networking networks.
Therefore, the answer is media relations.
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