On the date the note is signed, rhodes should credit Note payable for $5,000.
Note payable is a loan agreement that is put down in written were the borrower agreed to pay the lender the certain amount he or she borrowed from the lender and must be signed by the borrower.
In Note payable the borrower as well will have to pay interest on the amount borrowed or the interest accrued on the amount borrowed on the due date.
The journal entry on the date the note is signed is:
Debit Cash $5,000
Credit Note payable $5,000
(To record note payable)
Inconclusion on the date the note is signed, rhodes should credit Note payable for $5,000.
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Thinking about your office or college, what types of
information are conveyed through the grapevine? How
often is the information accurate?
Answer: I would experience a lot of cluster chains speaking on if someone was in trouble. An employee would be called to the back office if they were either in trouble or getting a promotion.
Explanation:
How would a two percent rise in interest rates most likely affect new housing?
A two percent rise in interest rates would most likely affect new housing by making the price of the houses fall in the long run.
As the interest rate of possessing a mortgage rises, many individuals would not afford a house with a mortgage.
Subsequently, as people are shying away from possessing mortgages with high-interest rates, home investors and sellers need to reduce their house prices to attract buyers.
Hence, in this case, it is concluded that a two percent rise in interest rates would most likely affect new housing by making the price of the houses reduce in the long run.
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Blushing Co. had Total Assets of $105,000, which included Cash of $30,000, Accounts Receivable of $15,000 Merchandise Inventory of $60,000. Blushing also had Total Liabilities of $95,000, which included Current Liabilities of $60,000. Blushing's acid-test ratio equals:
The Acid-test ratio of Blushing Co,. is 1.25.
Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities. It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.
Acid test ratio = (current asset - inventory) / current liabilities
Current assets - inventory = $105,000 - $60,000 = $45,000Current liabilities = $60,000 Acid-test ratio = $45,000 / $60,000 = 0.75A similar question was answered here: https://brainly.com/question/13972407
What type of organizational arrangement organizes employees by activity?
a. Hybrid
b. Matrix
c. Divisional
d. Functional
Answer:
What is c. Divisional
Explanation:
Divisional Structures. A divisional structure organizes a company's activities into geographical, products, markets or service groups.
Suppliers deliver product to restaurants on a regular schedule throughout the week. You are responsible for checking delivery or having another staff person do so. What are key things to look for?
a) Is the quality up to your standards?
b) Damaged and unsellable items
c) is anything missing from the invoice?
d) Incorrect items
e) All of the above
Answer: e) All of the above
Explanation:
the country of doomsville is currently in a recession. the government of doomsville, in an effort to maintain its tax revenues in a time when incomes are falling, decides to increase the tax rate. would this policy help or hurt the recession?
Answer:
This policy would likely make Doomsville's recession worse.
Explanation:
Hope this helps, Have a great morning/night! :D
the efficient markets hypothesis says that beating the market consistently is
Answer:
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Explanation:
withdrawn rs 1000 on a permanent basis out of capital.
Answer:
withdraw a/c...........Dr 1000
To cash a/c 1000
Explanation:
Explain supply and demand. Provide an example or real life scenario
These are examples of how the law of supply and demand works in the real world. A company sets the price of its product at $10.00. No one wants the product, so the price is lowered to $9.00. Demand for the product increases at the new lower price point and the company begins to make money and a profit.
Head Time is a local salon that requires all its stylists to graduate from a recognized hairstyling institute and pass the state licensing examination prior to joining work. Due to strict customer service requirements and potential lawsuits resulting from inadequate knowledge regarding the use and care of certain chemicals and solutions, this business can clearly justify its hiring criteria ________.
Answer:
educational
Explanation:
how much should a single person spend on groceries?
Answer:
175$-348.80$
Explanation:
sorry if you get the answer wrong .
Answer:
200-300 I guess beacuse we should fulfill our all needs. Not to starve ourself.
Explanation:
Eat everything you like
to maximize economic surplus, keep increasing output as long as
Answer:Therefore, total surplus is maximized when the price equals the market equilibrium price. In competitive markets, only the most efficient producers will be able to produce a product for less than the market price. Hence, only those sellers will produce a product
Explanation: i no it
For augment economic surplus, continue to increment yield insofar as total surplus is expanded when the cost rises to the market harmony cost.
What is Economic Surplus?Economic surplus is determined by consolidating the surplus advantage that is capable by the two purchasers and makers in an economic exchange.
Surplus relates to products as well as to monetary components, like benefit, income, and capital. Albeit this probably won't give off an impression of being an issue, something like benefit surpluses prompts expanded charge rates, and that additional duty cash might have been contributed somewhere else.
A surplus of capital focuses to the way that the financial backer, entrepreneur, or pioneer put a lot of cash into the organization or task, considering squandered money to be a normal outcome. In economics, the idea of surplus is generally found in the term spending plan surplus. This ordinarily alludes to situations where state run administrations have supported all their set projects and have cash left over subsequently.
Therefore economies actually take a stab at an economic surplus because of the conviction that overflow is superior to shortage.
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Witch of the following is a current asset?
A- Employee
B- Land
C- Supplies
D- Mortage
to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.
When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage.
In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.
Competitive advantage of a firm entails an attribute which enables a company to outperform its competitors such as Increasing customer-base over other firms.
Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.
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optimistic people view challenges as opportunities to influence decisions.
Answer:true
Explanation:true
sadiya, who owns a dance studio, consistently reminds her employees that dance lessons are a luxury for customers, so they should be both informative and fun. by making these statements, sadiya is
When Sadiya makes statements to her employees about the characteristics of dance classes, which should be informative and fun, she is explicitly stating values and norms preferred by her organization.
As the owner of the dance studio, she manages and coordinates her collaborators for the institution of organizational culture focused on the studio's vision, mission and values.
An organization focused on offering a differentiated and quality service to the customer will increase its value, positioning and competitiveness.
Therefore, through her services, Sadiya aims to generate value to her customers through informative and fun dance classes, increasing the loyalty and success of her business.
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in a private placement of bonds, bonds may be sold to
The bonds in private placement can only be sold to the pre-selected investors and institutions.
The private placement means an private alternative to the process of issuing bonds which are previously publicly offered for the purpose of raising capital for the corporation.
The Private placement involves the offers or sales of debt/equity securities between the issuer and selected investors.
Therefore, in conclusion, the bonds in private placement can only be sold to the pre-selected investors and institutions.
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Which of the following statements demonstrates intrinsic motivation?
a.
I traveled to Mexico to learn about my family's history.
c.
I joined the science club to make my parents happy.
b.
I work extra hours at my boring job to make extra money.
d.
I help out at a bake sale, so that I may recieve a pie afterwards.
Answer:
A
Explanation:
what is the cumulative effect of the inventory error on total gross profit for the 2 years?
Answer:
its lower gross profit under the LIFO then the methode FIFO
Explanation:
new haven products has used lifo inventory valuation for the life of the company. each year, their lifo reserve increases. what can be assumed about the prices of inventory?
It can be assumed that the prices of inventory is increasing.
The LIFO method is an inventory system where the inventory purchased last is assumed to be the first to be sold. Ending inventory would be made up of inventories that were first purchased.
The FIFO inventory is an inventory system where the first purchased inventory is assumed to be the first to be sold. Ending inventory consists of inventory that was purchased last.
The LIFO reserve is the difference between the FIFO inventory and the LIFO inventory.
LIFO reserve = (FIFO inventory) - (LIFO inventory).
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according to gaap which method should be used to record the acquisition of a fixed asset
According to gaap, the method that can be utilized in recording the acquisition of a fixed asset is Cost method.
In GAAP , the one method that is notable and accurate in recording a fixed asset is the cost method. The cost method can be regarded as method utilized in recording the acquisition cost of the fixed asset as well as the costs of bringing the fixed asset to the condition that is needed for it to be used as well as the required location.Therefore, cost method helps in recording acquisition of a fixed asset .
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the erie canal connected industry and consumers in the east with what group?
The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.
The Erie Canal:
Was completed in 1825Connected New York City and the Great Lakes Allowed for goods to be shipped to and from the New York to the Great LakesThe Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.
In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.
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Options for this question include:
a. Southern planters
b. Canadian fur traders
c. Midwestern farmers
d. New England fishers
a monopoly is a market structure that is characterized by
Answer:
Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. ... All these factors restrict the entry of other sellers in the market.
Explanation:
Hope it helps
What is something that quantitative research won't tell you?
A. A company's annual earnings
B. A company's stock performance over the past five years
C. How happy a company's employees are
D. When a company went public
The findings that quantitative research won't tell you is "When a company went public."
This is because quantitative research measures the situation in value using numbers analysis
Usually, quantitative research analyzes numerical data to conclude.
Options A, B, and C can be measured on numerical scales, in which the conclusion can be reached.
However, option D is just a date; it cannot be analyzed with quantitative research analysis.
Hence, in this case, it is concluded that the correct answer is option D. "When a company went public."
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Answer:
c
Explanation:
took the test
2. Why do Americans worship, love and defend the ultra rich and other celebrities? Do you? Give an example.
I'd say Americans praise the higher-ups and celebrities because the 1% is apparently an inspiration to the middle class and the person or people they see on television is a reflection of what could've been.
That's my take on it.
P.S. sorry for not answering your "Do You?" question because it's not my opinion, it's yours.
On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $55,400. During 2021, $93,000 was paid for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $45,500. Insurance expense for 2021 was:
Based on the amount paid for insurance and the prepaid balance, Coolwear Inc. probably had an insurance expense of $102,900.
The insurance expense of the year can be calculated as:
Closing prepaid insurance = Opening prepaid insurance + Amount paid for insurance - Insurance expense
Solving will give:
Insurance expense = Opening prepaid insurance + Amount paid for insurance - Closing prepaid insurance
= 55,400 + 93,000 - 45,500
= $102,900
In conclusion, insurance expense was $102,900.
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X Company, which uses the gross method and a perpetual inventory system, sold $2,000 of merchandise on account with credit terms of 2/10,n/30. If the customer pays within the discount period and takes the discount, X will record a journal entry that includes ______. (Check all that apply.)
Answer.
Explanation.
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which is most likely the reason why policymakers would impose a a price ceiling on the market for coffee?
The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.
Price ceiling refers to an economic tools used by policymaker to mandate a maximum price that the seller must charge for sales of a product or service.
Price ceiling serves as a tool to prevent the producers from exploiting the consumers.
The price ceiling are imposed by the policymaker to prevent producer or seller of coffee to have price advantage of its sales to the coffee consumers.
Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.
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Researchers recruited participants for a wine tasting study that included a variety of wines in terms of style and price. The participants tasted a series of wines in a random order. Participants could look at the bottle for each wine so they could take its price and label information into account as they tasted and rated each wine. The participants rated the more expensive wines significantly better tasting than the less expensive wines. The researchers carrying out the study conclude that more expensive wines taste better.
Required:
What is a confounding variable that makes their conclusion inappropriate?
Answer:
The lack of blinding
Explanation:
Seeing the price of each wine is a confounding variable. The participants might already think that expensive wines will taste better than cheaper wines.
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible Accounts of $940 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. Bad debt expense for the year should be:
Answer:
$5,230
Explanation:
Account receivable balance = $310,000
Credit balance in allowance for uncollectible accounts = $970
Given percentage = 2%
So by considering the above information, the bad debt expense is
= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts
= $310,000 × 2% - $970
= $6,200 - $970
= $5,230