Answer:
While video game designers are involved in all the creative aspects of making a game, game developers or programmers are responsible for the actual coding and technical aspects of putting a game together.
Explanation:
you project investment is $185,000 and the project's discounted cash flow is $65,000. what is the project's profitability index? select one: a. 2.15 b. 2.05 c. 1.25 d. 0.35
According to the solving the profitability index of the given data is = 0.35
What does profitability mean in layman's terms?By contrasting a company's revenue and its outgoing costs, one can assess its profitability. A more efficient business will make more money relative to its costs than a less efficient one, which would have to spend more to make the same amount of money.
What makes profitability index so crucial?An investment's ranking and the best investment to make are determined by the profitability index. PI greater than one denotes that the investment will generate profits since the present value of its expected future cash inflows exceeds its initial investment.
According to the given data:project investment is $185,000
discounted cash flow is $65,000
We know that :
profitability index = Present value/initial value
= 185000/65000
= 0.35
The profitability index of the given data is = 0.35
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consider the following cash flows on two mutually exclusive projects for the bahamas recreation corporation. both projects require an annual return of 18 percent.
Based on the cash flows of the two mutually exclusive projects by the Bahamas Recreation Cooperation, the project that should be chosen based on the Net Present Value approach is the Deeper Fishing project.
How to use Net Present Value?The Net Present Value shows the present value of the cash inflows from a project less the present value of the cash outflows and initial investment.
The Net Present Value for the Deeper Fishing project is:
= -1,010,000 + 430,000 / 1.18 + 558,000 / 1.18² + 480,000 / 1.18³
= $47,296.51
The Net Present Value for New Submarine is:
= -1,970,000 + 1,020,000 / 1.18 + 860,000 / 1.18² + 870,000 / 1.18³
= $41,554.25
The company should therefore go with the Deeper Fishing project.
Rest of the question is:
Based on the NPV, which project should you choose?
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What are Common Tasks for Recreation Workers?
Answer:
•Plan, organize, and lead activities for groups or recreation centers.
•Explain the rules of activities and instruct participants at a variety of skill levels.
•Enforce safety rules to prevent injury.
•Modify activities to suit the needs of specific groups, such as seniors.
to more quickly respond to customer needs, urban insurance co. is changing its organizational structure to give more authority and responsibility to field managers located across the country. these managers spend time with customers and know what the customers need right away. it appears that the company is moving toward a more structure.
The company is moving towards a more decentralized organizational structure to give more authority and responsibility to field managers located across the country.
Decentralized organizational structures give critical decision-making responsibilities to senior managers and project managers, freeing up top management and firm owners to concentrate on strategic planning and big-picture choices.
A decentralized organizational structure contrasts with a centralized one, in which senior executives start all critical decisions and pass them down a chain of command.
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Question 5 of 10
The FBLA-PBL organization that supports
working professionals is…
O A. PD
O B. ML
O C. PBL
O D. FBLA
The FBLA-PBL organization that supports working professionals is PBL.
What is FBLA-PBL?A career and technical student organization with its main office in Reston, Virginia, is called Future Business Leaders of America (FBLA). Since its founding in 1940, FBLA has served as a non-profit association of high school ("FBLA"), middle level ("FBLA Middle Level"), and college ("FBLA Collegiate") students as well as adult members ("FBLA Network"). Its main goal is to assist students in making the transition from academia to the business world. With 253,365 members, FBLA is the largest career student group worldwide and one of the largest student organizations in the United States. Most advisers are business education teachers, and local FBLA chapters frequently have ties to their school's business education department. It is one of the top 10 businesses the U.S. Department of Education has listed. The March of Dimes is FBLA's official national charity partner.
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the cost of electricity varies widely throughout the united states; $0.120/kwh is a typical value. at this unit price, calculate the cost of the following.(a) leaving a 40.0-w porch light on for 2 weeks while you are on vacation.$ 1.61 correct: your answer is correct.(b) making a piece of dark toast in 3.00 min with a 940-w toaster. (give your answer to at least three decimal places.)0.00564 incorrect: your answer is incorrect. ¢(c) drying a load of clothes in 40.0 min in a 5,000 w dryer. (give your answer to at least one decimal place.)
The cost for the porch light is $1.6123, The cost for making the dark toast is $0.00588, The cost for drying the cloths will be $0.392.
Power: A resource or method for obtaining energy
a) Power = 40w = 0.04kw
Time for which it is used = 2 weeks = 24 × 14 = 336 h.
Energy = power × time.
Energy = 0.04 × 336 = 13.44 kwh.
Therefore the total cost is:
0.12 × 13.44 = $1.6132.
b) Power = 940w = 940/1000= 0.94kw
Time the toaster is used for = 3 minutes = 3/60 = 0.05 h
Energy = power × time
Energy = 0.94 × 0.05
Energy = 0.047kwh
Therefore the total cost is:
0.047 × 0.12 = $0.00564
c) Power = 5000w = 5000/1000= 5.0 kw.
Time = 40 minutes = 40/ 60 = 0.67 hrs
Energy = power × time
Energy = 5.0 × 0.67
Energy = 3.35 kwh
Therefore the total cost is:
3.35 × 0.12 = $ 0.402
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Which of the following is the best example of a mentor relationship?
A Mrs Lowell is a math teacher at a local high school who offers afterschool tutoring to her students
B philippa is a manager at a restaurant who creates the shift schedule each week and shares it with employees
C Simon Willis are high school students who have been assigned to work on a project together
D Regina is a CPA she meets once a month to give council and advice to Alex and accounting student
The following is the best example of a mentor relationship Regina is a CPA she meets once a month to give council and advice to Alex and accounting student
How do mentor and mentee relationships work well?Truth, trust, and honesty are the cornerstones of successful mentor-mentee relationships. Both the mentor and the mentee must be aware of and respect each other's different truths and views when it comes to communication.
What three things make up a successful mentoring relationship?Successful mentoring includes a mutually beneficial relationship characterized by open communication, assistance during a transfer in roles, and carefully planned mentoring activities, according to the protégés (White et al., 2010).
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the high cost of a pollution reduction program that increases access to cleaner water and reduces airborne industrial waste from factories could be offset by
The high cost of a pollution reduction program that increases access to cleaner water and reduces airborne industrial waste from factories could be offset by Environment Pollution Agency.
The goal of the Environmental Protection Agency, a federal government department in the United States, is to safeguard both environmental and human health.
The Environmental Protection Agency controls the production, transformation, use, and disposal of toxins and other pollution. Through penalties, sanctions, and other measures, the agency carries out its conclusions. It is in charge of initiatives that support clean air and water, sustainable development, environmental stewardship, and energy efficiency. Biodiversity, marshes, food hygiene, and nuclear waste are a few of the topics that the Environmental Protection Agency doesn't handle.
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a new era of prospective real-world safety evaluation primary report of xience v usa (xience v everolimus eluting coronary stent system condition-of-approval post-market study)
(Xience v everolimus eluting coronary stent system condition-of-approval post-market study) is performed below:
Objective:The XIENCE V USA (XIENCE V Everolimus Eluting Coronary Stent System Condition-of-Approval Post-Market study) sought to:
1) Analyse the safety and protection of everolimus-eluting coronary stent systems (EECSS) in a contemporary cohort of real-world subjects; and
2) prospectively tests the standard of event reporting with analysis of matched patients from the randomized SPIRIT IV (Clinical Evaluation of the XIENCE V Everolimus Eluting Coronary Stent System in the Treatment of Subjects With de Novo Native Coronary Artery Lesions) trial.
Methods:The XIENCE V USA trial was a prospective, multicenter, single-arm study conducted in unselected patients. The primary endpoint was Academic Research Consortium (ARC)-determines the definite and probable stent thrombosis (ST); the co-primary endpoint was defined as the composite of cardiac death and myocardial infarction at 1 year. Secondary analyses contains : 1) stratification by standard-risk and extended-risk cohorts; and 2) lateST after the dual antiplatelet therapy interruption.
Results:Out of 5,054 participants in the study (1,875 standard-risk; 3,179 extended-risk), 4,958 (98.1%) reached 1-year follow-up. The rate of ARC-determines definite and probable ST was 0.84% (95% confidence interval [CI]: 0.60% to 1.14%) in the total population and 0.33% (95% CI: 0.12% to 10.72%) and 1.14% (95% CI: 0.80% to 11.58%) in the standard-risk and extended-risk cohorts. In the study No late ST had been observed after dual antiplatelet therapy interruption in either cohort after 6 months.
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the principle of substitution is most centrally used in appraisal: select one: a. in the income approach b. when the shape of the lot is irregular c. in the cost approach d. in the market data approach
The principle of substitution is most centrally used in appraisal in the cost approach.
What is the principle of substitution?
The principle of substitution states that the upper limit of value tends to be set by the cost of acquiring an equally desirable substitute, assuming no untimely delays. It is an economic term used in real estate. A wise investor will not pay no more for an income-producing property than it would cost to build or purchase a similar property.
The cost approach in appraisal uses the principle of substitution. When developing the cost approach, the appraiser considers both the direct cost and indirect cost of a building
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if a married couple with a long-term growth objective is considering a mutual fund, and they are concerned about the fund's annual expenses, they shou
If a married couple choosing a mutual fund has a long-term growth goal but is worried about the fund's annual fees, they should choose a common stock fund with a low portfolio turnover.
How much tax do you pay on withdrawals from mutual funds?Withdrawals are subject to ordinary income taxes, which may be greater than the preferential tax rates on long-term capital gains from the sale of assets in taxable accounts. Additionally, if they are made before turning age 5912, there may be a 10�deral tax penalty (barring certain exceptions).
What are the goals of mutual funds and what are their advantages?a range of investment goals: One benefit of investing in mutual funds is that you can achieve a variety of financial goals, such as income and capital growth. Debt mutual funds can provide you with income, whereas equity mutual funds can assist you in accumulating wealth through capital growth.
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The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as?.
This is known as Big Data that contains greater variety, arriving in increasing volumes and with more velocity. Put simply, big data is larger, more complex data sets, especially from new data sources.
The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as Big Data.
What is data?
The term “data” refers to such kinds of information. Data is a set of information, facts, images, and numbers. The data is a methodical record of the built-in data file. The data are the always recorded into the electronic devices. The data are to share with different file, but share safely because hacker are the smart.
The term big data refers to the contains the variety of the data are the complex. It was also the increased the data of the volume. It was are the more velocity. Big data rare the complex in the too much information are the gather. It was the Semi-Structured Data, Structured Data and the Unstructured Data.
As a result, the big data was the growth of the information are the business are the very complex tool.
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what are the arithmetic and geometric average returns (answer in that order.) for a stock with annual returns of 4 percent, 9 percent, −6 percent, and 18 percent? multiple choice 5.89 percent; 6.25 percent 6.25 percent; 5.89 percent 6.25 percent; 8.33 percent 8.33 percent; 5.89 percent 8.33 percent; 8.33 percent
The arithmetic average return is 6.25 percent and the geometric average return is 5.89 percent
What is the arithmetic and geometric average return?The arithmetic average return can be determined by adding the stock returns together and dividing it by the total annual returns that is provided.
Arithmetic average return = sum of returns / total number of returns
(4 + 9 - 6 + 18) / 4
= 25 / 4 = 6.25 percent
The geometric average return is used to determine the compound growth rate.
Geometric average return= [(1 + return) x (1 + return) x (1 + return) + (1 + return)]^(1/n) -
Where:
n = number of returns provided
[(1.04) x (1.09) x (0.94) x (1.18)]^(1/4) - 1 = 0.0589 = 5.89%
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in the stage of the buying process, the alert business marketer can help the buyers define their needs and provide information about the value of different product characteristics.
In the general needs description stage of the buying process, the alert industry marketer can help the buyers define their needs and provide details about the value of various product differentiae.
What is Business marketer?Individuals or organizations can engage in business marketing. It enables them to sell products or services to other businesses or organizations who resell them, incorporate them into their products or services, or use them to support their work. It is a method of promoting business and increasing profits. Marketers are in charge of creating and implementing strategies to promote brands, products, and services in order to maximize company profits. They keep an eye on trends and create pricing strategies and advertising campaigns. A marketer is someone who promotes the products and services of a company. They devise strategies to increase sales and revenue while ensuring that these strategies are in line with customer needs and market demand.To learn more about Business marketer, refer to:
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lego is a famous compnay in the city. the company id due for auditing in the upcomeing days. during the auditing details of the eomployees will be verified, but only for selected emplyees. manually collecting the details will be diffculyt
One of the most well-known companies in the world when it comes to children's toys is LEGO, which has been around since 1932.
In the city, Lego is a well-known brand. In the following days, the firm will be subject to an audit. Only a few workers will have their personal information checked during the audit. It will be tough to manually gather the information. Therefore, assist them in printing the employee information as needed.
The information about the personnel must be printed in accordance with their pay. Using Lambdas, assist them in writing a Java application to identify the workers whose pay is less than or equal to the amount stipulated by the auditors.The Lego Corporation aims to identify any workers whose pay is below or on par with the amount determined by the auditors.Learn more about Lego Corporation, here
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when managers consider , they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model. question content area bottom part 1 a. business/it alignment b. value proposition c. organizational learning d. capabilities e. automation
Option (a) business/ IT alignment is correct.
When managers consider business/ IT alignment, they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model.
What is business/ IT alignment?In the process of business-IT alignment, an organization employs information technology to accomplish business goals, such as increased financial performance or competitiveness.The fact that it is culturally complex makes it challenging to achieve meaningful IT-business alignment. Hanging value-based posters and encouraging department meet-and-greets may seem like simple ways to improve the culture, but these initiatives rarely work. Instead, achieving alignment calls for planning.In order to satisfy key performance indicators and achieve business transformation goals and objectives, such as enhancing customer service or creating new revenue streams, IT-business alignment makes sure that the organization has access to the correct technology at the right time.Learn more about business-IT alignment here:
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suppose the price elasticity of demand is relatively elastic, and the price elasticity of supply is relatively inelastic in a specific market. if an excise tax is imposed on this good, who will bear the greater burden of the tax?
If an excise tax is imposed on goods when price elasticity of demand is relatively elastic and the the price elasticity of supply is relatively inelastic in a specific market, The producers will bear the greater burden.
In the scenario specified in the question, price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic. This means that the consumers are relatively more price sensitive compared to the suppliers in the market. Hence, consumers will be more reactive to any change in price of the good than the sellers in the market. if an excise tax is imposed especially on the consumers, the effect will be more on the producers because supply is inelastic and consumers can determine demand due to its elasticity.
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to influence government policymakers' actions, an information strategy involves: group of answer choices business leaders speaking before government policymakers. government policymakers hiring special interest groups for fact-finding projects. businesses listening to government policymakers in order to develop a corporate strategy. gaining support from other affected organizations.
To influence government policymakers' actions, an information strategy involves business leaders speaking before government policymakers.
A person, mainly in a central authority or political party, who makes a decision on new rules: U.S. Policymakers are pressured to make tough selections among country-wide protection and domestic priorities. This is the main difficulty that no longer had numerous interests from policymakers. See. Coverage-making. Modern policy-making must be designed around results; be inclusive and truthful; involve others within the technique; keep away from unnecessary burdens on business, and emerge as more forward- and outward-searching. Policy-makers are individuals at few stages of government or decision-making organization, consisting of however no longer constrained to international businesses, non-governmental corporations, or professional associations, who have responsibility for making tips to others.
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high step shoes had annual revenues of $199,000, expenses of $110,700, and paid dividends of $23,600 during the current year. the retained earnings account before closing had a balance of $311,000. the net income for the year is:
The net income for the year is: $88,300
Revenues $199,000 − Expenses $110,700 = Net Income $88,300
What is Net income?Net income is the amount earned by an individual or business after deducting costs, allowances, and taxes. In business, net income is the amount of money left over after deducting all expenses, such as salaries and wages, the cost of goods or raw materials, and taxes. \Gross refers to before taxes, while net refers to after taxes. Net income is the amount of money you receive in your bank account. To summarize, gross annual income is the amount of money spent on you by your employer in a given year. The annual net income is the total amount you received for the year (after tax deduction). For an accounting period, net income is defined as an entity's income less cost of goods sold, expenses, depreciation and amortization, interest, and taxes.To learn more about Net income, refer to:
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depending on the product, there may be a person who acts as a(n) blank in the buyer center, often by providing specifications for the product being purchased or the vendor being considered.
Depending on the product, there could be a representative who serves as a consultant in the buyer center. They frequently accomplish this by giving details on the product being purchased or the vendor being considered.
The required details for consultative in given paragraph
Anything or anyone engaged in the business of offering guidance or advise can be described as consultative. It frequently refers to an official organization, as a committee that advises the government or a business that offers consulting services in a particular field of expertise.
Buying a car is a common situation where consultative selling is shown. Here, the salesperson for the car enquires as to the kind of vehicle you're looking for, tries to comprehend how you'll use it, learns what matters to you, and offers recommendations.
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world bank records indicate that in 2010, the total fertility rate in puerto rico was 1.6 and population size was 4,000,000. if the crude net migration rate was -1.0, then the best estimate of the population in 2012 is
The population in 2012 would be 3,960,000. The crude net migration rate is the number of people leaving the country per 1,000 people. This means that for every 1,000 people in Puerto Rico in 2010, 10 people left the country.
What is population?
A population is the entire set of individuals, if that group is a nation or a group of people who share a characteristic. A population in statistics is the group of people from whom a statistical sample is drawn for a study. As a result, any group of people who share a characteristic can be called a population. A sample can also refer to a statistically meaningful subset of a population, rather than the entire population. As a result, a statistical analysis of a sample must document the estimated standard deviation, or standard deviation, of its overall population results. Only a population-wide analysis had no standard error.
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destani has a small business that is doing well, and she is ready to expand. before she does, she would like to meet with other female business owners and get their feedback. how might destani seek out information from other women to do this?
Distance seek information from other women by joining a networking group.
What is Networking group?Network Groups are groups made up of participants who meet to exchange information through activities such as workshops, seminars, and field trips. "Joint Industry Project (JIP)": a project funded by a group of FORCE participants who have decided to collaborate. In the offline world, social networks are the social ties that connect us to other people. These ties include family, friends, acquaintances, classmates, coworkers, neighbors, and so on. You broaden your knowledge. And the more you learn about your field, industry, or business, the more opportunities you'll have later on. By connecting with like-minded individuals on a professional and personal level, you gain access to a shared knowledge base.
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when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is the multiple choice question. fair value of the assets received. net present value of assets received. fair value of the debt or equity securities given. book value of the assets received.
when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is fair value of the debt or equity securities given.
What are Features of debt securities?Debt securities are tradable financial products, which means that buyers and sellers can exchange them on the open market. They have a face value, maturity date, coupon rate, and issue date that are all specified. Debt securities ensure principal repayment as well as regular interest payments.equity instruments. The term "equity" nearly always refers to stocks and a portion of a company's ownership.
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question content area the average return for large-cap domestic stock funds over the three years 2009–2011 was 14.7%. assume the three-year returns were normally distributed across funds with a standard deviation of 4.7%. open spreadsheet what is the probability an individual large-cap domestic stock fund had a three-year return of at least 20% (to 4 decimals)? fill in the blank 2 what is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less (to 4 decimals)? fill in the blank 3 how big does the return have to be to put a domestic stock fund in the top 10% for the three-year period (to 2 decimals)? fill in the blank 4 %
Using the normal distribution, it is found that:
There is a 0.1292 = 12.92% probability that an individual large-cap domestic stock fund had a three-year return of at least 20%.There is a 0.1587 = 15.87% probability that an individual large-cap domestic stock fund had a three-year return of 10% or less.To be in the top 10%, the return has to be of at least 20.72%.Normal Probability DistributionThe z-score of a measure X of a normally distributed variable that has mean represented by [tex]\mu[/tex] and standard deviation represented by [tex]\sigma[/tex] is given by the following rule:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The z-score measures how many standard deviations the measure X is above or below the mean, depending if the z-score is positive or negative.From the z-score table, the p-value associated with the z-score is found, and it represents the percentile of the measure X.In the context of this problem, the mean and the standard deviation are given as follows:
[tex]\mu = 14.7, \sigma = 4.7[/tex]
For a return of at least 20%, the probability is one subtracted by the p-value of Z when X = 20, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
Z = (20 - 14.7)/4.7
Z = 1.13
Z = 1.13 has a p-value of 0.8708
1 - 0.8708 = 0.1292.
For the return of 10% or less, the probability is the p-value of Z when X = 10, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
Z = (10 - 14.7)/4.7
Z = -1
Z = -1 has a p-value of 0.1587.
To be in the top 10%, the return has to be of at least the 90th percentile, which is X when Z = 1.28, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
1.28 = (X - 14.7)/4.7
X - 14.7 = 1.28 x 4.7
X = 20.72%.
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you will be placed in a group of four to six students and will select a role to act out within the team. roles will be selected first come, first served. each team will consist of the following roles: one scrum master one product owner one or more testers one or more developers
The Scrum team is primarily made up of the three positions of the Product Owner, Development Team, and Scrum Master.
Nobody besides the core team has any direct power over the Team. Each of these Scrum roles has a fairly defined set of duties, which we will go over in more detail later on in this lesson. Let's concentrate on the qualities of the Scrum Team as a whole and the optimal team size under this part.
Self-organized Scrum Teams are capable of completing their tasks on their own without the aid of outside assistance or direction. The teams are capable of implementing best practices to meet their sprint goals.
Cross-functional Scrum Teams are those teams that have all the expertise and abilities required to complete their work within the team. These teams finish their work items independently of anyone else. As a result, the Scrum Team is a very inventive synthesis of the many abilities needed to finish the entire work item.
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the managers of simple sound manufacturing are struggling to meet their quota that was recently increased by upper management. they decide to eliminate two quality control steps in the manufacturing process. this is unethical behavior that was a result of
Since the managers have decide to eliminate two quality control steps in the manufacturing process because they are struggling to meet their quota that was recently increased by upper management, then, this is an unethical behavior that was a result of an unrealistic performance goals.
What is an unethical behavior?Basically, an unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance. These behavior may be exhibited by anyone in power ranging from the presidency to the grass-root public servant.
When we talk about an unethical behavior, we are referring to actions that do not conform to the acceptable standards of business operations or failing to do what is right in every situation. It can be an individual within a business who is unethical in the course of job and in corporate culture, it could be when the whole business is corrupt from the top down with disastrous results for society.
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jones and hagen want to form a limited partnership. to do so, it is required that they multiple choice have a written partnership agreement. file a certificate of limited partnership with the federal government. merely evidence an intent to form a limited partnership. file a certificate of limited partnership with their state government.
For Jones and Hagen to form a limited partnership, it is required that they file a certificate of limited partnership with the state government.
What is a limited partnership?
A limited partnership is a kind of business partnership made up of two or more partners where one partner referred to as general partner runs and overseas the business while the limited partners do not partake in running or managing the business.
In the United States, partners that intend to form a limited partnersip must register the venture in their respective or applicable state.
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What does Beshara say is important about the book
Answer:
what book there'S A LOT
RESEND IT THX
The market for baking flour has changed over time such that there are more substitutes on the market. If the price of baking flour goes up, the decrease in quantity demanded will be _____ as compared to before.
The market for baking flour has changed over time such that there are more substitutes on the market. If the price of baking flour goes up, the decrease in quantity demanded will be more as compared to before.
How do substitute goods affect the price?The consumer has additional options thanks to substitutes. Demand for the replacement good is expected to increase if the price of the original good goes up. Substitutes, therefore, have a favorable cross-elasticity of demand.
Products that meet an equivalent need or desire are substitutes. a. Demand for a product's substitute will rise as the price of that good rises, while demand for that good's substitute will fall when the price of that good falls.
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exercise 2-6 (algo) analyzing effects of a compound entry lo a1 groro company bills a client $50,000 for services provided and agrees to accept the following three items in full payment: (1) $25,000 cash, (2) equipment worth $55,000, and (3) to assume responsibility for a $30,000 note payable related to the equipment. (a) analyze the transaction using the accounting equation. (b) record the transaction in journal entry form. (c) post the entry using t-accounts to represent ledger accounts.
The journal is made up of unprocessed accounting entries, organized chronologically by date, that document company activities.
What is the difference between a journal entry and a ledger entry?The journal is made up of unprocessed accounting entries, organized chronologically by date, that document company activities. The five main accounting elements that the general ledger tracks are assets, liabilities, owner's capital, income, and expenses.
Transactions are recorded in a supplementary book of accounts called the journal. A ledger is a main book of accounts used to organize the transactions entered in a journal. Order. On the day of the transaction, the journal entries are entered in reverse chronological order.
A. Account Equation analyzation
Assets = Liabilities + Equity
Cash + Equipment = Note payable + Revenue
$10,000 + $80,000 = $28,000 + $62,000
B. Journal Entry
DR Cash .................................................. $10,000
DR Equipment..........................................$80,000
CR Note payable.....................................$28,000
CR Service revenue ..............................$62,000
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