Answer:
Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which affect the Business indirectly.
1. Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. Supplies actual count at year end, $6,500 B. Remaining unexpired insurance, $6,000 C. Remaining unearned service revenue, $1,200 D. Salaries owed to employees, $2,400 E. Depreciation on property plant and equipment, $18,000
Answer and Explanation:
The adjusting entries are shown below"
A. Supplies Expense $1,000 ($7,500 - $6,500)
To Supplies $1,000
(Being the Supplies Expense is adjusted)
B. Insurance Expense $18,000 ($24,000 - $6,000)
To Prepaid Insurance $18,000
(Being Insurance Expense is adjusted)
C. Unearned Service Revenue $1,800 ($3,000 - $1,200)
To Service Revenue $1,800
(Being Service Revenue is adjusted)
D. Salaries Expense $2,400
To Salaries Payable $2,400
(being Salaries Expense is adjusted)
E. Depreciation Expense $18,000
To Accumulated Depreciation- Property Plant and Equipment $18,000
(Being Depreciation Expense is adjusted)
Select a topic and develop a curriculum targeted to 6th-grade students.
Provide an outline of the material and how it will be presented.
Defend your reasoning for the mode of delivery that was selected.
Submit a 450-word response about the topic, curriculum, material outline, and presentation method.
Explanation:
Provide an outline of the material and how it will be presented.
is the correct answer .
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Which type of account is also a type of loan, which the customer has access to for a set amount of time?
Answer:
Bank overdraft
Explanation:
Bank overdraft is a short term loan which need to repay within a certain period of time, less than a year
Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.
A) bad location
B) poor management
C) Competition
D) finances
Answer:
D
Explanation:
finances
The Corbit Corp. sold merchandise for $10,000 cash. The cost of the goods sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be
a.
Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
b.
Cash 7,590
Sales 7,590
Cost of Goods Sold 7,590
Inventory 7,590
c.
Cash 10,000
Sales 10,000
Cost of Goods Sold 10,000
Inventory 10,000
d.
Cash 10,000
Inventory 10,000
Cost of Goods Sold 7,590
Sales 7,590
Answer:
a. Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
Explanation:
Based on the information given if the company
sold merchandise for the amount of $10,000 cash in which The cost of the merchandise sold was the amount of $7,590. The appropriate journal entries to record this transaction under the perpetual inventory system would be to Debit Cash for $10,000; Credit Sales for $10,000 and to Dr Cost of Goods Sold for $7,590; Credit Inventory for $7,590.
Dr Cash 10,000
Cr Sales 10,000
Dr Cost of Goods Sold 7,590
Cr Inventory 7,590
William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions and personal life. He attends professional development conferences regularly and is working on an MBA. Although he eats a low-fat diet and exercises regularly, he works 70-80 hours a week, seldom sees his children except after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially secure.
Refer to Case 17.1. In order to attain a "right livelihood," William needs to
A. get promoted so he can delegate more of his work.
B. lose weight and get in better shape.
C. de-emphasize the spiritual side of his life.
D. make a conscious choice to do so.
Answer: D. make a conscious choice to do so
Explanation:
Based on the information given, in order to attain a "right livelihood," William needs to make a conscious choice to do so.
Option A is wrong as getting promoted so he can delegate more of his work doesn't guarantee him that he'll relax more and enjoy right livelihood. When he's promoted, he'll have more work and this means that there'll be more responsibility. This will hinder him from enjoying right livelihood.
Option B and C are wrong as well as losing weight and getting in better shape and also de-emphasize the spiritual side of his life doesn't make one enjoy right livelihood.
Option D is the correct answer as he should make a conscious choice to attain the right livelihood and have enough rest that he desires.
Periodic vs.Perpetual Inventory Accounting Multiple Choice Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Sometimes Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting and sometimes Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold
Answer:
Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc. Also, the periodic system of inventory is a function of the cost of goods sold.
Hence, both Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.
Which of the following statements is correct about planning a successful conversion to Lean/Just-in-time operations. Multiple choice question. Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles. Conversion should be accomplished quickly, not gradually, to realize the maximum benefit. When converting a production line, begin at the start and progress to the end of the line. Vendors should be converted to JIT delivering first, before implementing in the Buyer's organization.
Answer:
Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.
Explanation:
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
I. A total quality management (TQM): it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.
II. A continuous improvement (CI): it is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.
III. Just-in-time (JIT): it is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.
Additionally, lean production is a manufacturing methodology that is focused on integrating activities that are designed to provide massive quantity with high quality production using minimal resources, raw materials, finished products and work-in-process features.
This ultimately implies that, lean production is basically a supply management process aimed at elimination of waste as much as possible and it requires a mutual agreement between the management and employees, as well as proper training of the employees (workers) before implementing the conversion.
Hence, the statement which is correct about planning a successful conversion to Lean/Just-in-time operations is that both management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.
All of the following shift the demand curve for automobiles to the right except:
a. the local factory gives a big raise to its employees
b. a brand new automobile dealership opens in town
c. the price of gasoline falls
d. none of the above
Answer:
b. a brand new automobile dealership opens in town
Explanation:
All of the following shift the demand curve for automobiles to the right except: "a brand new automobile dealership opens in town."
The above statement is true because when a shift in the demand curve moves to the right, there is an increase in the quantity demanded, which can be caused by some factors such as:
increase in income,
growth in the price of a substitute or decrease in the price of a complement.
Hence, considering the available options in the question, the correct answer is " a brand new automobile dealership opens in town."
Which plan would most likely NOT help you reach the savings needed for college?
D. Start saving about two months before college begins
How do objectives make it more likely that you will reach your goals?
.A.Objectives are based on others' experiences.
.B.Objectives provide a step-by-step path to success.
.C.Objectives are the best way to assess your interests.
.D.Objectives help guide your career choices.
Answer:B.Objectives provide a step-by-step path to success.
Explanation:
employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right
Define general banking services offered by financial institutions
The single greatest benefit that capitalism provides is that it enables human choice. Capitalism establishes a social contract that makes it possible for individuals to exercise their franchise and free agency. It gives people the ability to be secure in themselves and their possessions and, having provided security, it enables people to assume risk that they were previously unwilling to assume. It creates the necessary conditions for people to escape poverty and create wealth for themselves and for others. Read a quotation by Roger Butters, a twenty-first-century economist. Both Adam Smith and Butters would agree that capitalism allows the government to help individuals. protects workers from unfair practices. provides individuals with freedom of choice. helps entrepreneurs avoid risk and danger.
Answer:
provides individuals with freedom of choice.
Explanation:
Adam Smith
is a renowned Scottish economist who wrote "The Wealth of Nations"and established the foundation principles of capitalism.
Capitalism
Is simply defined as an economic system that uses on open competition in a free market, whereby individuals and companies own the means of production and operate for profit.
It gives room for individuals and private businesses to decide most of economic matters. It has led to the development of mercantilism, international trade, rise of the middle class and others.
Benefits of capitalism includes individual freedom is closely related to economic freedom, market economies produce a huge variety of goods and others.
Answer:
The person above me is correct, I just took the test
Explanation:
Trust.
what are some good outdoor thing to do outside for the summer
list as many as can
Answer:
biking
swimming
walking
learning something new
being with friends
sports
hiking
going on a trip
making something