Answer: they will go faster
Explanation: it does a thing.
On January 1, 2017, Spring Fashions Inc. enters into a contract with a southeast retail company to provide 500 dresses for $62,500 ($125 per dress) over the next 10 months. On October 1, 2017, after 450 of the dresses had been delivered (50 dresses per month), the contract is modified.
Required: 1. Fifty dresses were delivered each month for the first 9 months of 2017. Prepare Spring Fashions’s monthly journal entry to record revenue. 2. Assume that the contract is modified to sell, once the original 500 dresses are delivered, an additional 100 dresses at $110 per dress, which is the stand-alone selling price on October 1, 2017. Assume the dresses are delivered evenly in November and December 2017. Prepare the journal entries to record the contract modification.
Prepare journal entries to record a monthly cash sale on January 31 under the original contract and a monthly cash sale on November 30 under the modified contract.
The appropriate journal entries to record the monthly cash sale on January 31 under the original contract and the monthly cash sale on November 30 under the modified contract are:
Spring Fashions Inc. Journal entries
31-Jan-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
28-Feb-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
31-Mar-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
30-Apr-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
31-May-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
30-June-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
31-July-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
31-Aug-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
30-Sept-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
31-Oct-17
Debit Cash $6,250
Credit Sales $6,250
(50 Dress sold ×$125 per dress)
30-Nov-17
Debit Cash $5,500
Credit Sales $5,500
(50 Dress sold ×$110 per dress)
31-Dec-17
Debit Cash $5,500
Credit Sales $5,500
(50 Dress sold ×$110 per dress)
Learn more here:
https://brainly.com/question/15177023
Another name for a bankdraft is
Answer:
bank chequeExplanation:
HOPE IT HELPS
Answer:
............bank cheque............
Diversification Reading Quiz
QUESTION 3 of 10: Interest-earning loans to the government or local municipalities are:
a) Bonds
b) Small-cap stocks
c) Large-cap stocks
d) Growth stocks
Answer:
a) Bonds
Explanation:
Bonds is the Interest-earning loans to the government or local municipalities.
Interest-earning loans to the government or local municipalities are bonds. Thus, Option (A) is correct.
When an investor purchases a bond, they are essentially lending money to the issuer, which can be the government or a municipality, in exchange for regular interest payments.
Bonds are fixed-income securities with a specified interest rate, maturity date, and face value. The issuer promises to repay the face value of the bond to the investor at maturity. In the meantime, the investor receives periodic interest payments, usually semi-annually or annually, based on the agreed-upon interest rate.
Thus, Option (A) i.e. bonds provide a means for governments and municipalities to raise funds for various projects as it provides investors to view bonds as relatively safer investments compared to stocks.
Learn more about bonds here:
https://brainly.com/question/31358643
#SPJ6
The most common tactic followed in process-layout planning is to arrange departments or work centers so they: A) minimize the cost of skilled labor. B) maximize the machine utilization. C) are equally allocated within the available space. D) minimize the costs of material handling. E) produce a perfectly balanced assembly line.
The most important tactic in the process layout planning is to minimize the costs of material handling.
The correct answer to this question is option D. In the manufacturing or engineering department, process layout is a floor plan design for a plant. The goal of this is to raise efficiency.
To raise the efficiency, each of the equipment would have to be arranged based on the functions that they serve. This reduces the cost of material handling.
Read more on
https://brainly.com/question/15683913?referrer=searchResults
basic assumptions represent the core values of an organization and are
The basic assumptions represent the core values of an organization and are those taken for granted and highly resistant to change.
Basic assumptions are basically the source of values and what causes actions within the organization
Basic assumptions of an organization are usually not discussed, been written or easily found, but they are known.
Sometimes, the basic assumptions are sometimes taken for granted by employees but they hardly changed because they are underlying.
The basic assumptions comprises of the unconscious thoughts, beliefs, perceptions, feelings etc.
Read more on Basic assumptions here
brainly.com/question/1384660
Answer: difficult to change
Explanation:
What are the Human Resources Teasha needed to open her business?
The human resources that will be required by Teasha to open her business include a receptionist, cashier, and salesperson.
From the information given, Teasha has graduated from school and wants to open her own business. She has experience working in a gift store and wants to have her own gift store too.
Therefore, she'll need a receptionist, a cashier, and a salesperson. The receptionist will welcome customers and answer phone calls from clients.
The cashier will help with issuing and receiving payments. Lastly, the salesperson will be responsible for helping the customers find items in the store and increasing sales.
Read related link on:
https://brainly.com/question/25128794
when the fed decreases the discount rate, banks will
When the Federal Reserve increases the discount rate banks become more cautious and tend to hold extra reserves. Because banks hold extra reserves, this money will not increase through multiple deposit creation and the money supply will decrease.
Which of these is NOT a social cause that a
nonprofit could serve?
A. religion
B. charity
C. education
D. capitalism
PLEASE ANSWER!
what are two key characteristics of the growth stage of the product life cycle?
The two key characteristics of the growth stage of the product life cycle are "sales volume improves considerably, and profit begins to increase."
The growth stage of a product is when the product is "getting accepted among consumers widely, and the customer line is getting created.
During this period, the sales of the product increased, but there is still room for maturity.
At the same time, the product begins to yield profits for the owners due to a reduction in the cost of production and more sales.
Hence, in this case, it is concluded that the growth stage in a product life cycle is one of the stages entrepreneurs need to watch out for.
Learn more here: https://brainly.com/question/16378784
what does nurture refer to in the nature vs. nurture debate?
Answer: environment and culture
Explanation:
Environment, culture, and experience are the most prominent definitions of nurture in this discussion, whereas nature is frequently regarded as genetic or hormone-based behaviors, characteristics, and dispositions.
What is the Nature-vs.-Nurture Debate?Researchers and theorists have debated for a long time over whether or not a person's personality traits and skills are molded by experiences after birth. The discussion has wide-ranging effects: For disciplines including education, philosophy, psychiatry, and clinical psychology, the real or perceived roots of a person's strengths and weaknesses matter. The current consensus takes a more nuanced middle ground between nature- or nurture-focused extremes and holds that individual differences are the consequence of a combination of inherited and non-genetic variables.
The argument between nature and nurture has its origins in Ancient Greek theories about the factors that influence personality, which date back at least a few thousand years. Theories emphasizing the importance of either education and experience or biological nature have risen and fallen in popularity throughout the modern era, with genetics increasingly recognized as an important (though not the only) factor in determining individual differences in the latter 20th century and beyond. The way the phrase "nature vs. nurture" is written gives the impression that either a person's genes or their upbringing determine their personality traits, IQ, preferences, and other qualities. Scientists have demonstrated that reality is more complex and that these as well as other elements can contribute to the explanation of the wide range of individual differences.
Define nature.Nature is synonymous with the natural world, physical world, or material world in the broadest sense. The term "nature" can be used to describe both universal life and the phenomena of the physical world. From the subatomic to the cosmic, it spans a wide scale.
What does nurture mean?Generally speaking, nurture is the result of external influences on an individual after creation, such as exposure, experience, and learning.
John Locke coined the phrase "tabula rasa" in 1690 to describe the idea that humans learn all or almost all of their behavioral features through "nurture." Throughout much of the 20th century, there was a widespread belief in the "blank slate" theory of human developmental psychology, which holds that human behavioral patterns arise virtually entirely as a result of environmental stimuli.
To learn more about nature, click here
https://brainly.com/question/13254080
#SPJ2
which of part of the marketing plan is a summary of the key points and should be completed after the rest of the marketing plan has been written?
Answer:
The executive summary
Explanation:
Becuase it is the highlight and important part of the marketing plan, you cannot do the summary first.
The executive summary is a part of the marketing plan is a summary of the key points and should be completed after the rest of the marketing plan has been written. The company's top items are listed along with an explanation of their attractiveness to the intended market.
What is the key point of marketing?To encourage lucrative customer activity, firms market their goods and services for a variety of reasons. Marketing's goal is to persuade customers to take advantageous actions. Marketing is embraced by businesses and brands to ensure their ongoing success.
An executive summary, as the name implies, gives a quick review of your marketing strategy. It provides an overview of your brand objectives, marketing goals, and related activities in one or two pages and summarizes the main findings of your marketing research.
Learn more about marketing here:
https://brainly.com/question/13414268
#SPJ6
A person who buys a new phone because friends get new phones is
influenced by what factor?
A. Advertising
O B. Social pressure
C. Age
O D. Income
SUBMIT
Answer:
I believe it would be B. Social Pressure.
Explanation:
The reason is because since the person who bought a new phone because their friend's got new phones, they were influenced or given pressure on them to have a new phone so they can fit in and perhaps be liked by their friends or find similar interests with them
In computing the GDP, why is it import spending subtracted from the sum of consumption, investment, government purchases and export spending?
-Economics
Import spending is subtracted from the sum of consumption, investment, government purchases and export spending in the calculation of GDP because import represents spending on goods and services that are not produced in that economy.
Gross domestic product is the total sum of goods and services produced in a particular economy in a given period. One of the ways that can be used to determine the value of GDP is the expenditure approach.
The expenditure approach to determine GDP = Consumption + investment + government purchases + ( export - import).
To learn more, please check: https://brainly.com/question/14579149
10. One of the cons of online banking is
there are no cons.
the potential of a security breach
you still have to print the statements
you don't need postage
Answer:
The second option:the potential of a security breachExplanation:
Hope this helps :)
Pls make brainliest :3
And have an amazing day <3
A common practice for government entities, particularly schools, is to issue short-term (promissory) notes to cover daily expenditures until revenues are received from tax collection, lottery funds, and other sources. School boards approve the note issuances, with repayments of principal and interest typically met within a few months. The goal is to fully cover all expenses until revenues are distributed from the state. However, revenues distributed fluctuate due to changes in collection expectations, and schools may not be able to cover their expenditures in the current period. This leads to a dilemma—whether or not to issue more short-term notes to cover the deficit. Short-term debt may be preferred over long-term debt when the entity does not want to devote resources to pay interest over an extended period of time. In many cases, the interest rate is lower than long-term debt, because the loan is considered less risky with the shorter payback period. This shorter payback period is
This shorter payback period is positive and beneficial to the consumer, as it allows for harmony with amortization expenses.
We can arrive at this answer because:
A short payback period is beneficial because of its relationship to amortization, as long-term debt allows this amortization to take place.These amortization expenses allow the cost of long-term assets to be represented in the payment.However, when the short-term payback period allows for amortization, causing the asset's value to be reduced by the amount that will be paid by the consumer.In this case, we can state that in cases like the one shown in the question above, the short payback period is very beneficial and interesting to the consumer, as it can promote economic benefits.
More information:
https://brainly.com/question/23160357?referrer=searchResults
the u.s. unemployment rate moves up and down as the economy moves in and out of recessions. but over time, the unemployment rate seems to return to a range of ____________.
Answer:
A natural range of unemployment.
Burger Blaster claims on its website that it uses only the best beef in making its burgers, unlike Burger Barn, its largest competitor. Actually, Burger Blaster and Burger Barn buy exactly the same type of beef from the same wholesaler, and Burger Blaster's management knows it. As a result of Burger Blaster's claims, Burger Barn's sales fall. Burger Blaster is probably guilty of:
Answer:
ddf
Explanation:
One of the advantages of working for a company instead of being an entrepreneur is that:
Multiple choice question.
you have the freedom to make the decisions that control the business
you own the profits made by the business
the company assumes the entrepreneurial risk of failure
you assume the entrepreneurial risk of failure
Answer:
g
Explanation:
every year, antoni hosts a holiday party for his friends. his party budget is $200. antoni spends his budget on food platters that cost $25 each and on entertainment, which costs $50 per hour.
The budget constraint of Antoni based on the information is 25f + 50e = 200
The budget constraint simply means a boundary of the opportunity cost. It represents all the combinations of goods that a person will buy at a price based on the income that the person has.
Based on the information given,
Income = $200
Cost of food platters = $25 each
Cost of entertainment = $50 per hour
Therefore, the budget constraint based on the above will be 25f + 50e = 200 where f = food platters and e = entertainment.
Read related link on:
https://brainly.com/question/25076850
Instructions: Place the steps in the performance appraisal process in the correct order, from first to last. Rank the options below. Making Decisionsopen choices for ranking No answer Discussing Resultsopen choices for ranking No answer Taking Actionopen choices for ranking No answer Establishing Performance Standardsopen choices for ranking No answer Evaluating Performanceopen choices for ranking No answer Communicating Standards
Performance appraisal is used to compare employee performance against some standards. The steps in the performance appraisal process are;
1. Establishing Performance Standards2. Communicating Standards3. Evaluating Performance4. Making Decision5. Discussing Results6. Taking ActionIn the performance appraisal process, the supervisors will first establish the standards that will guide the operations of employees.
Next, they should inform the employees of those standards. They should examine the performances of their employees and make decisions on whether they performed well or not.
Then, they should discuss the results with them and take action on whether to reward or punish them.
Learn more here:
https://brainly.com/question/15169473
3. What is are the advantages of online banking?
access is available 24 hours a day for 7 days a week
It is more secure
You don't have to worry about identify theft
financial documents are online so less paperwork
Answer:
The first option: "access is available 24 hours a day for 7 days a week"Explanation:
Hope this helps :)
Pls make brainliest :3
And have an amazing day <3
terrence’s team is very close and tends to agree on most decisions with little discussion. terrence should be concerned about
Answer:groupthink
Explanation:
Groupthink
Terrence should be concerned about groupthink.
Groupthink refers to the common opinion or group consensus suppresses people's ability to provide alternative solutions to the problem as a result all the members of the group agree on the same conclusion. The desire to promote group cohesion and deduction of common conclusion to a problem negatively affects the promotion of thinking abilities, good decision making abilities, and problem solving abilities of group mates. When a team mates derive a common conclusion without an elaborate discussion or with a little discussion. It is indicative of problem of groupthink.Hence, Terrence should be concerned about groupthink as the team agree on most decisions with little discussion.
Learn more about decision:
https://brainly.com/question/24128805
Will you act immediately on the business opportunity \that you have identified?
Answer:
Yes because once one has found an opportunity one must seize it.
Explanation:
It is not advisable to act immediately on the business opportunity that is determined.
A business opportunity includes the lease or sale of any specific product, equipment, or service that will help or make it possible for the purchaser-licensee to begin a business. It is important to consider certain other factors before immediately acting on the business opportunity that is determined. They are:
Size of the Market Relationships with potential investors or customers Capability to manage the Cash Flow Persistence and Passion Management skillsThus, we can conclude that one must not act immediately on the business opportunity that is determined before properly analyzing different factors associated with it.
Learn more about business here:
https://brainly.com/question/15826118
As a business, you want to produce
product and prices.
B. more, lower
A. more, higher
D. less, lower
C. less, higher
Answer:
c
Explanation:
you want to produce your product at cheapest price there for you gain most revenue
You are starting a shopping service for elderly people in your community who cannot leave their homes. Write a mission statement that clearly communicates the purpose of your business.
To write a mission statement about starting a shopping service for elderly people in your community, begin writing what your company does. In this case, start with "My company's purpose is to start a shopping service for elderly people in my community (name of your community)."
Then follow up by describing how your business plan to operate its services.
Here, you can state that "My company's purpose is to provide shopping services that allow all elderly people to experience easy and comfortable life."
Thus continue by adding the reason your company operates its services.
Finally, your mission statement can look like this:
At Brainly (name of your company), we provide shopping services to make elderly people experience an easy and comfortable life.
Hence, in this case, it is concluded that a mission statement should have the purpose, values, and goals of the company.
Learn more here: https://brainly.com/question/13946297
when calculating net price, why do you think loans are not deducted from sticker price even if they are typically offered to you in a financial aid package?
The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."
This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.
Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.
A sticker price is the whole amount of the annual or session cost of a college education.
Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.
Learn more here: https://brainly.com/question/20635459
Considering the impact of inflation, why is investing important?
Answer: An economic concept, the rate of inflation is important as it represents the rate at which the real value of an investment is eroded and the loss in spending or purchasing power over time. Inflation also tells investors exactly how much of a return (in percentage terms) their investments need to make for them to maintain their standard of living.
Explanation:
In your own words, describe how you can find distances using a scale drawing.
I need help on this.
Which of the following would NOT cause the supply curve of agricultural products to shift to the right?
A. An improvement in technology
B. An increase in subsidies
C. Favourable weather conditions (resulting in a bumper yield)
D. An increase in the wages of the agricultural workers
Answer: B
Explanation:
It is B because it has an increase in subsidies
How do you think NOT managing your money in college can impact your life AFTER college?
Answer:
You lose the opportunity to gain valuable money management skills. It's all about making good habits.
Explanation: