This table shows Lucas’s budget from last month. He also included his actual expenses after the month ended. Which of these changes should Lucas consider in next month’s budget? Check all that apply. less for income less for food more for discretionary spending more for income less for discretionary spending

Answers

Answer 1

Answer:

Less for income

Less for food

less for discretionary spending

Explanation:

Luca has prepared the budget for the month. He has included actual expenses in the budget to compare the budget with actual expenses. He has used flexed  budgeting technique to incorporate his savings and expenses. He should keep less income, less for food and less for discretionary expenses in the new budget.

Answer 2

Answer:

A: less for income

B: less for food

E: less for discretionary spending

Explanation:

In his new budget he needs to do less for income, less for food, and less for discretionary spending. He needs less for income because in his budget it assumes he makes 400$ a month, however this month he made 375$. He needs to cut down on food an discretionary spending because he is spending too much for the amount he makes.


Related Questions

A free rider is a(n) Group of answer choices interest group that files an amicus curiae brief. person who enjoys the benefits of a collective good, action, or service without any effort on their part. a person who receives the services distributed by a monopoly. member of a public interest group.

Answers

Answer: Person who enjoys the benefits of a collective good, action, or service without any effort on their part.

Explanation:

In Economics, Free riders are people who benefit from resources and/or goods that are communal in nature and yet either do not pay or pay an insubordinate amount for enjoying same. Essentially they enjoy the benefits of a collective good without any effort on their part.

As a result, the good might become overused and degraded as it is not being maintained enough.

When supplies ordered for use in an activity accounted for in the General Fund of a government are received at an actual price which is less than the estimated price on the purchase order, the Encumbrance Control account is:

Answers

Answer: Credited for the original estimated price for the supplies.

Explanation:

The encumbrance account is a budgetary account and encumbrance refers to the funds that are restricted in an account and are typically reserved for a specific purpose.

When the supplies that are ordered for use in an activity accounted for in the General Fund of a government are received at an actual price which is less than the estimated price on the purchase order, the encumbrance control account will have to be credited using the original price that was estimated for the supplies.

Employers generally restrict or monitor the Internet activity of their employees because the increased use raises the company's ISP rates significantly. True False 4 Although unethical, there are currently no laws in the U.S. for actions such as hacking and sharing copyrighted material. True False 5 Employees who engage in telecommuting may find themselves working more hours, especially if their supervisor feels as if they are always "on the clock." True False 6 Most experts recommend that companies monitor their employees secretly in order to prevent workers from circumventing the technologies used to track them. True False 7 Copyright protection lasts 20 years after the date of publication or release. True False 8 A web developer creates and maintains websites for organizations. True False 9 A _________ excels when it comes to installing, configuring, and supporting computer systems. network administrator software engineer database administrator computer support specialist 10 Creative works such as books, songs, and photographs are protected by copyright law. True False

Answers

Answer:

1. False.

2. False.

3. True.

4. False.

5. False.

6. True.

7. Computer support specialist.

8. True.

Explanation:

1. Employers generally restrict or monitor the Internet activity of their employees because the increased use raises the company's ISP rates significantly: False because it is considered unethical under certain employee rights.

2. Although unethical, there are currently no laws in the U.S. for actions such as hacking and sharing copyrighted material: False because there is a computer fraud and abuse act in existence.

3. Employees who engage in telecommuting may find themselves working more hours, especially if their supervisor feels as if they are always "on the clock.": True

4. Most experts recommend that companies monitor their employees secretly in order to prevent workers from circumventing the technologies used to track them: False because it is not ethical and violates the fundamental rights of the employees.

5. Copyright protection lasts 20 years after the date of publication or release: False because a copyright protection is 95 years from date of publication or release and 120 years from creation.

6. A web developer creates and maintains websites for organizations: True

7. A computer support specialist excels when it comes to installing, configuring, and supporting computer systems.

8. Creative works such as books, songs, and photographs are protected by copyright law: True

Mauve Inc. purchased a global data collection and management system that provides detailed information about each of its customers. Using this information, Mauve is able to identify the individual needs of all its customers and provide tailored products and services. This scenario illustrates the concept of:

Answers

Answer:

Mass customization

Explanation:

Mass customization can be defined as the way in which a company or an individual produce large or mass amount of product that meet their customers wants and needs and this is happen when the company or the organisation identify the individual needs of all their customers and provide tailored products and services thereby offering the customers a range of features they can either add or subtract.

Therefore In MASS CUSTOMIZATION it is important for the company or organisation to focus on developing variety of unique mass products that will satisfy their customers needs and by doing this it will lead to higher or greater retention of their customers reason been that the products have options which are tailored to personal tastes of the customers .

Assume that Fred and Paul sign a contract in which Fred agrees to paint Paul's house in exchange for $500. If Fred and Paul agree one week later that Paul will pay Fred's daughter, Emma, the $500 directly as a birthday gift and they notify Emma of this fact, then Emma is a. intended beneficiary. b. assignee. c. incidental beneficiary. d. a delegatee. e. a beneficiary.

Answers

Answer:

option c

Explanation:

In simple words, An incidental recipient refers to the third party benefiting from a deal with two certain parties, however it is never meant to support a third party. Accordingly, that third party has no legal protection underneath the deal in the agreement. Thus, from the above we can conclude that the correct option is C.

GeoMines Corp. has the following costs related to a mine it acquired this year. Cost of land and natural resource rights $100,000 Development cost before production begins 20,000 Future cost to restore land after mining 15,000 Equipment used for mining 80,000 Exploration and drilling costs 30,000 What amount should be included as an asset for natural resources

Answers

Answer:

$165,000

Explanation:

The cost of an asset is derived by considering every cost related to the purchase of an item and putting the asset to use, These costs include the original purchase price , site preparation ,transportation ,installation and testing , warranties and the future cost of restoring dismantling and restoring the land at the completion of its useful life time.

Looking at the given scenario , the related cost of the natural resources as an asset are the cost of the land and the natural resources , development cost ,future cost of land restoration and the cost of exploration and drilling.

The depreciation value of the equipment used for mining will be charged as an expense for the operation year.

Cost of natural resources = 100,000+20,000+15,000+30,000=165,000

In the manufacture of 10,000 units of a product, direct materials cost incurred was $165,000, direct labor cost incurred was $105,000, and applied factory overhead was $53,000. The total conversion cost is

Answers

Answer:

$158,000

Explanation:

During the manufacture of 10,000 units of a products, the direct costs incurred was $165,000

The direct labour costs incurred was $105,000

The applied factory overhead was $53,000

Therefore, the total conversion cost can be calculated as follows

Total conversion costs= Direct labour+ Factory overhead

= $105,000+$53,000

= $158,000

Hence the total conversion cost is $158,000

If the predetermined overhead allocation rate is 250% of direct labor cost and the Finishing Department's direct labor cost for the reporting period is $20,000, the following entry would record the allocation of overhead to the products processed in this department:
Work in Process Inventory, Finishing Dept 50,000 Factory Overhead 50,000
a) True
b) False

Answers

Answer:

a) True

Explanation:

The following entry would be recorded to allocate the overhead to the products processed

Date          Account&Explanation                             Debit        Credit

          Work in progress, Finishing department     $50,000

          ($20,000 * 250%)

          Factory Overhead                                                          $50,000

          (To allocate the overhead)

Explanation: Work in process account would be debited to accumulate the manufacturing overhead to the cost of the product

And, factory overhead would be credited to charge such expenses to the product

Conclusion: The given journal entry is correct.

Which identification number is the most important component of your personal identity?
A.
debit card PIN
B.
credit card PIN
C. employee ID of the company
D.
social security number
E.
bank account number

Answers

D, social security number

Answer:

D.

social security number

Explanation:

This is because that number allows the government to keep track of your lifetime earnings and years you have worked

If a 10% decrease in the price of one product that you buy causes an 8% increase in quantity demanded of that product, will another 10% decrease in the price cause another 8% increase (no more and no less) in quantity demanded?

Answers

Answer:

No

Explanation:

to determine if another 10% decrease in the price cause another 8% increase (no more and no less) in quantity demanded, we have to determine the price elasticity of demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

8% / 10% = 0.8

demand in inelastic so a 10% reduction in price would lead to a less than 8% change in quantity demanded  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Home Appliance Corporation contracts with Instate Trucking Company to take a selection of appliance repair parts to Journey Airlines, Inc., with Journey to transport the goods to a KeepSafe Company warehouse. Instate Trucking, Journey Airlines, and KeepSafe each acknowledge possession of the goods by a document of title. Instate Trucking, Journey Airlines, and KeepSafe are

Answers

Answer: bailees.

Explanation:

Given: Home Appliance Corporation contracts with Instate Trucking Company to take a selection of appliance repair parts to Journey Airlines, Inc., with Journey to transport the goods to a KeepSafe Company warehouse which in terms known as Bailment which is a legal contract in law, where the owner(known as bailor) transfers physical possession of his property for a time to another party (known as bailees).

Here, Home Appliance Corporation is the bailor (Transfers possession of the goods to other party called bailee)

whereas  Instate Trucking, Journey Airlines, and KeepSafe are bailees.

2) A firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $30. Product R accounts for 60 percent of the firm's sales, while S accounts for 40 percent. The firm's fixed costs are $4 million annually. Calculate the firm's break-even point in dollars.

Answers

Answer:

$6896551.7

Explanation:

Given the following :

Product R:

Selling price = $20

Variable cost = $6

Product S:

Selling price = $50

Variable cost = $30

Firm's fixed cost = $4, 000,000

Break-even point dollars = (Fixed cost /Contribution margin ratio)

Contribution margin : selling price - variable cost

Product R: $(20 - 6) = $14

Contribution margin ratio = ($14/$20) * 60% = 0.42

Product S: $(50 - 30) = $20

Contribution margin ratio = ($20/$50) * 40% = 0.16

Sum of contribution margin ratio for both products = (0.42 + 0.16) = 0.58

Break-even point dollars = (Fixed cost /sum of Contribution margin ratio)

= $4,000,000/0.58

= $6896551.7

Lawrence recently bought a brand new Bentley Mulsanne, a very expensive car, but he is suffering from buyer's remorse. He wishes he would have bought something that made a bigger impression on the ladies at the Taco Bell drive­through. Howard, however, recently purchased a pre­owned '86 Camaro with a flame job on the hood from a car dealer, and when he rolls through Taco Bell with the T-tops off, the drive-through ladies are always staring at his car and his mullet hairdo. Howard is far more satisfied with his car than Lawrence. From a marketing point of view, which of the following concepts has contributed to Howard feeling satisfied with this purchase?
a. CRM implementation
b. Howard's full partnership with his '86 Camaro
c. Perceived value of the car
d. Customer loyalty

Answers

Answer:

The marketing concept that contributed to Howard feeling satisfied with his purchase of "a preowned '86 Camaro with a flame job on the hood" is

c. Perceived value of the car

Explanation:

Howard evaluates the merits of this preowned '86 Camaro as it has the ability to satisfy his needs for winning the attention of the drive-through ladies at Taco Bell.  When he "rolls through the Taco Bell with the T-tops off the ladies keep staring at his car."  It is this attention that he needs.  And the car investment ensures that he achieves this attention from the ladies.  Howard's feeling of satisfaction is accentuated the more when compared with the less-than-impressive attention that Lawrence pools with the girls, while driving his expensive Bentley Mulsanne through the same Taco Bell.

Judith George makes an offer to sell a plot of land using a normal letter and states no authorized means by which the offeree, Helga Holmes must respond if she accepts. If Helga accepts the offer using a normal letter, which of the following is true?


A. The acceptance is effective upon dispatch.

B. The acceptance is effective when it is received.

C. The offer is invalid because it fails to stipulate the means of acceptance.

D. The acceptance would be effective upon dispatch even if the means of acceptance is unreasonable.

Answers

Answer: A. The acceptance is effective upon dispatch.

Explanation:

According to mail box rule, an offeree mails out both an acceptance and a rejection to the offeror by giving to statements: (i) an acceptance is effective upon dispatch (means offeree decides to accept) or (ii) a rejection is effective upon receipt.(means offeree decides to reject)

Here,  Judith George → offeror

Helga Holmes → offeree

If Helga accepts the offer using a normal letter, the correct statement would be :

A. The acceptance is effective upon dispatch.

Mitchell Corporation manufactures a single product. The selling price is $85 per unit, and variable costs amount to $68 per unit. The fixed costs are $16,500 per month. What will be the monthly margin of safety (in dollars) if 1,800 units are sold each month

Answers

Answer: $ 70,500

Explanation:

Given, Number of units = 1800

Per unit selling price = $85

Total Sales price = (Number of units ) x (Per unit selling price)

= 1800 x $ 85

= $153,000

Variable cost  per unit = $68

Total variable cost = 1800 x $68 = $122,400

Contribution Margin = (Sales price ) - (Variable cost)

= $ (153000-122400)

= $30,600

Fixed cost = $16,500 per month

Profit = (Contribution Margin) - (Fixed cost)

= $(30,600-16,500)

= $14,100

PV ratio = (Contribution Margin) ÷ (Total sales) x 100%

= $ (30,600÷153,000)x 100%

=20%

Margin of Safety = (profit)  ÷ (PV ratio)

= ($14,100) ÷ (20%)

= ($14,100) ÷ (0.20)

= $ 70,500

Hence, the monthly margin of safety =  $ 70,500

Consider the example of an individual in a grocery store examining two cans of peaches, Alpha Peaches and Beta Peaches. If Alpha is thought to provide 10 units of pleasure per dollar and Beta is thought to provide 8 units per dollar, then Alpha should be chosen.
a) true
b) false

Answers

Answer:

True.

Explanation:

True, The given situation is true because the pleasure (utility) provided by Alpha is greater than the pleasure (utility) provided by the Beta. Therefore, a rational person will buy only that commodity which has a higher utility. Here, we can see the Alpha provides 10 units of utility or pleasure per dollar while Beta provides 8 units of utility or pleasure per dollars. So, only Alpha will be chosen.

Don and Susanne have both been accused of insider trading. Don knows that if he confesses while Susanne keeps silent, he will receive a 1-month jail sentence. He also knows that if Susanne confesses and he keeps silent, he will receive a 12-month jail sentence. If neither of them confesses, there will be insufficient evidence to convict either of insider trading, but there is enough evidence to convict each of them individually of obstructing justice, which carries a 2-month sentence. If both of them confess, they will both serve a 3-month jail sentence. This situation is:

Answers

Answer:

The situation described in the question is referred to as the Prisoner's Dilemma.      

   

Explanation:

The prisoner's dilemma is an example of a situation in Game Theory.

Game Theory is a subject which can be found under behavioural economics with strong roots in psychology. It is related to the science of decision making in by people and how those decisions affect others. In the simplest of cases, just as is given in the question, the dynamics is between two individuals.

According to the theory, sometimes an equilibrium is reached. This point refers to point in a game or a scenario where the decision by the two individuals is firmed up and as a result, the consequences of such determined.

If the decision by each player is such that it can no longer be changed by any of the players in order to improve their benefits accruable, such decisions are referred to as the Nash Equilibrium.

Cheers!

Hung and Suzanne’s company has instituted a new volunteering program where more experienced employees mentor the youngest employees, many of whom are fresh from college or internships. Hung signs up, but Suzanne does not. A few months later, how does Hung likely feel about having become a volunteer?

Answers

Answer: E) She feels more engaged in the company and in her primary role.

had to complete the question.

A) She enjoys it, but her colleagues think she is kissing up to the management.

B) She feels resentful, since she is essentially working for free.

C) She likes it but feels her mentees take advantage of her time, becoming a distraction.

D) She likes it but finds the extra time commitment a major problem.

E) She feels more engaged in the company and in her primary role.

Explanation: since she has taken up the companys new volunteering scheme/ programme after a few months Hung would feel more engaged in the company and in her primary role. This is so becau Hung has succed to pass down her knowledge and experience through the program to young interns who are new to the job world and lack the technical know how to perform such task and duties.

On January 1, Song Corp. receives a $100,000, two-year, note receivable from a customer in exchange for payment of goods. The note has a 12% effective interest rate. On January 1, when Song receives the note from the customer, Song will record (Select all that apply.) Note: you must use present value computations to answer this questions.

Textbook Answer

Note Receivable (debit) 100,000

Discount on Note Receivable (credit) 20,281

Sales Revenue (credit) 79,719

I know that Sales Revenue is the difference between the Note Receivable and the Discount on Note Receivable.

HOW DO YOU FIND THE DISCOUNT ON NOTE RECEIVABLE FOR THIS QUESTION USING THE TVM BUTTONS ON A FINANCIAL CALCULATOR? Please provide the exact input and then the reason why.

N = _______

I/Y = _________

PV = _________

PMT = _________

FV = _________

Answers

Answer:

Song Corp

1. Correct Journal Entries for the transaction:

Debit Note Receivable $100,000

Credit Interest on Note Receivable $20,281

Credit Sales Revenue $79,719

To record the sale of goods with a 12% note receivable.

2. Explanation of how the discount (Interest) on the Note Receivable was found:

The first button to select on the Calculator is the "Starting Principal," because this is the variable of interest.

The inputs on the TVM buttons were the $100,000 on the FV, $0 on the PMT, 2 on the N, and 12 on the I/Y buttons.  These inputs then calculated the value of PV as $79,719 and Interest as $20,281 approximately when I pressed the "Calculate" button.

N = Number of Periods = 2 years

I/Y = Interest Rate = Effective Interest Rate of 12%

PV = Calculated Value (Present Value of the sales transaction = $79,719)

PMT = Periodic Monthly Payments made to settle the debt = $0.

FV = Future value of the note = $100,000

Total Interest = $20,281

Explanation:

The present value of the sales transaction, which Song Corp. contracted with a customer is $79,719. This is the amount that would have the future value of $100,000.00 for the note receivable from the customer, with an effective interest rate of 12% per annum after 2 years.

The difference between the future value of $100,000 and the present value of $79,719 represents the interest cost, which the customer bears for the note receivable.

However, it is important to stress that this difference is not described as a "Discount on Note Receivable" as depicted in this question, but as an "Interest on Note Receivable."  A discount on note receivable would have had a debit balance.

CompuTop Company sells toy laptop computers for $30 each. If the variable cost for each laptop is $20 and fixed costs total $25,000, how many laptops must CompuTop sell to generate a target income of $66,667?

Answers

Answer:

$9,166.70

Explanation:

The computation of the number of laptop need to sell is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $30 - $20

= $10

And, the fixed cost is $25,000 + profit is $66,667

Now putting these values to the above formula

So, the number of laptops sells is

= ($25,000 + $66,667) ÷ ($10 per unit)

= $9,166.70

You're in the lunchroom at work one day, 3 weeks into the execution of a project you are managing, and your project sponsor approaches you to see if you can squeeze in another feature on his project. This is an example of...

Answers

Answer:

scope creep

Explanation:

Scope creep refers to the managing of the project with respect to the changes made in the scope of the project after starting of a project. it can arise when the scope of the project is not defined clearly that result in harmful

Therefore as per the situation, the project sponsor reached you with a motive whether you compressed another attribute in the project

So this example represent the scope creep

On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as Group of answer choices

Answers

Answer:

A signature.

Explanation:

On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as signature.

Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $19.2 million in iTunes gift cards in November, and customers redeem $12.2 million of the gift cards in December.
Required:
1. Record the receipt of cash for gift cards.
2. Record the revenue earned from redemption of gift cards.
3. What is the ending balance in Deferred revenue?

Answers

Answer and Explanation:

The Journal entries are shown below:-

1. Cash Dr, $19,200,000

             To Deferred revenue $19,800,000

(Being receipt of cash for gift cards is recorded)

2. Deferred revenue Dr, $12,200,000

              To Sales revenue $12,800,000

(Being revenue recognized from the redemption of gift cards is recorded)

3. The computation of ending balance in Deferred revenue is shown below:-

Ending balance in Deferred revenue = Sold apples - Redeem amount of the gifts

= $19,200,000 - $12,200,000

= $7,000,000

Pat is a rich boy whose parents supply him with every conceivable necessity of life. While still a minor, Pat buys a coat on credit from a men's store for $5,000. After wearing the coat for a while, Pat decides that it bores him and that he would like to disaffirm. Which of the following is most likely to be true? Assume that Pat is still a minor.
A. Pat can disaffirm the contract, but the store will sue him for deceit.
B. Pat cannot disaffirm the contract, and he is liable for the full price of the coat ($5,000).
C. Pat cannot disaffirm the contract, but he is liable only for the reasonable value of the coat.
D. Pat can disaffirm the contract, and he must return the coat.

Answers

Answer:

A

Explanation:

Generally speaking, a minor may disaffirm a contract at any time during minority or for a reasonable time after the minor comes of age. When a minor disaffirms a contract, all property that he or she has transferred as consideration can be recovered -- even if it was subsequently transferred to a third party. But to say something is disaffirm is to say it never exsited so therefore the store would be able to sue.

Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000, has accumulated depreciation of $20,000, thus giving it a book value of $45,000, and has a fair value of $52,000. The entry to record Jen’s initial contribution to the partnership includes a

Answers

Answer:

Debit to equipment for $52000

Explanation:

Based on the information given we were told that Jen had a fair value of the amount of $52,000. This means that the Journal entry to record the initial contribution to the partnership will tend to include a DEBIT TO EQUIPMENT FOR THE AMOUNT OF $52,000 which is the fair value amount.

Debit to equipment for $52,000

Lower inventory levels Group of answer choices make processes less dependent on each other while revealing bottlenecks more quickly make processes more dependent on each other while keeping bottlenecks hidden make process less dependent on each other while keeping bottlenecks hidden make processes more dependent on each other while revealing bottlenecks more quickly

Answers

Answer:

The correct answer will be "more dependent on each other while revealing bottlenecks more quickly".  

Explanation:

Maintaining low inventory rates seems to be a common goal for businesses around logistics as well as inventory. Inventory needs supervision and is responsible for the costs.A traditional inventory manager could use the level of inventory including the sale of products and services to assess the best period whether to produce more, whether they control the manufacturing of a supplier, as well as to acquire more when the commodity is kept as stock in something like a department store.

2. Demand for Riana's product in the U.S. is inconsistent. When orders are slow, she sometimes needs to shut down production to help control inventory levels. One way Riana could improve her firm's situation is to

Answers

Answer:

One very feasible solution to Rianas business challenge is to explore and take advantage of other markets outside of the United States of America.

Explanation:

In other words, she needs to come up with a business strategy that includes exportation of her products.

The target market(s) must be carefully analyzed for ease of entry, competition,   etc. She must be able to accurately distinguish her products in those markets.

When entering new terrains as an exporter, it is usually better to look for markets with higher:

Ease of entryEase of doing businessEase of communication etc.

Desk research alone will not suffice. Riana must try to visit the country she is planning to expand into. Next, her pricing, product positioning etc must be flawless. It will help Riana to also seek help from a business growth consultant who knows the new terrain very well.

Cheers!

ABO purchased a truck at the beginning of 2018 for $140,000. They sold the truck at the end of 2019 for $95,000. If the expected useful life of the truck was six years with a residual value of $20,000 and ABO uses straight-line depreciation, which of the following is true regarding the entry to record the sale of the truck?
A. Credit Gain $5,000
B. Debit Loss $5,000.
C. Credit Accumulated Depreciation $40,000.
D. Credit Equipment $100.000.

Answers

Answer:

Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.

Explanation:

First determine the Accumulated depreciation on the Truck

Depreciation Expense = Cost - Residual Value / Estimated Useful years

                                     = ($140,000 - $20,000) / 6

                                     = $20,000

Accumulated Depreciation :

2018 : $20,000

2019 : $20,000

Total : $40,000

Then Process the Sales journal to determine the profit or loss on sale of Truck as follows :

Accumulated Depreciation $40,000 (debit)

Cash $95,000 (debit)

Profit and Loss $5,000(debit)

Cost : Truck $140,000 (credit)

Conclusion :

Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.

Margot's team uses an online calendar that links everyone's schedule and helps the team efficiently plan meetings, track RSVPs, and share follow-up information with all attendees. This demonstrates the use of _______ to enhance communication. groupware information richness all-channel networking groupthink social networking

Answers

Answer:

groupware

Explanation:

Groupware refers to the application software that helps people to collaborate on common work and to achieve the targets. These applications help people working from distant places who join together to fulfill a common goal. Sharing calendars, emails, and electronic meetings are some of the services included in groupware.

In the above excerpt, the team of Margot is using the groupware to enhance communication among the team members by making the use of online calendar.

The legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. This document describes the number of bonds authorized, their par value, and the contract interest rate. agreement document indenture article

Answers

Answer: indenture

Explanation:

The bond indenture is a legal contract that or covers a purchase obligation or a debt.

Therefore, the legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond indenture. This document describes the number of bonds authorized, their par value, and the contract interest rate.

Other Questions
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