Answer:
A.
Explanation:
A says decrease
B and C says Increade
required Journal entry
received rs 18000 from debtors and discount allowed him Rs 2000
it's urgent
please help me(mark as BRAINLIEST)
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Explanation:
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Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an increase in an asset account and an increase in a revenue account. Accounts receivable is usually increased when accruing revenues. Adjustments involve increasing both an expense account and a liability account. They refer to revenues that are earned in a period, but have not been received and are unrecorded. They refer to earnings which have been earned but not yet billed.
Answer:
The adjustment causes an increase in an asset account and an increase in a revenue account. Accounts receivable is usually increased when accruing revenues. They refer to revenues that are earned in a period, but have not been received and are unrecorded. They refer to earnings which have been earned but not yet billed.Explanation:
Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.
When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.
What is a strategy?
A. A specific step to be accomplished in the short term that will
eventually lead to reaching one's goals
O B. A training or certification that helps a person expand his or her
skill set
C. A statement that defines what an individual or group desires to
accomplish or become
D. An action to be taken that will likely result in accomplishing goals
and objectives
Answer:
D. An action to be taken that will likely result in accomplishing goals
and objectives
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
In conclusion, a strategy is an action to be taken that will likely result in accomplishing goals
and objectives.
At Bueller Tractors, a few machines in the assembly section were faulty and had to be shut down till they were repaired. This reduced the output of tractors for the quarter. In this case, the costs incurred by Bueller Tractors for repairing the machines are an example of _____ costs. Group of answer choices appraisal prevention internal failure external failure
Answer:
Internal failure
Explanation:
1 pts If the board of accountancy in the state in which a CPA firm is licensed has rules that are different than the AICPA's rules, the CPA firm must follow Group of answer choices whichever rules are less restrictive. the rules of the state's board of accountancy. whichever rules are more restrictive. the rules of the AICPA.
Answer: whichever rules are more restrictive.
Explanation:
The AICPA recommends that the company should follow the more restrictive rules as this would ensure that the company does not break either the guidelines of the AICPA or the laws of the state.
This is because the more restrictive rules will be sure to incorporate the less restrictive ones so in following the more restrictive rules, you would automatically be following the less restrictive one as well so neither rules are violated.
Maria, David, and Sylvia are concerned that their company will not survive the current recession. As experienced ______________ managers, they are working collaboratively to develop new business strategies and work processes to effectively and efficiently support the company so that it can survive the current economic downturn and thrive in the coming years. Their employees are depending upon them to provide overall management of the company.
Answer:
Top-level
Explanation:
The question above points towards an answer that involves a need to differentiate between the different levels of the management, that exists in the company.
The answer is "Top-level managers" and can also be called administrative managers because they oversee the entire company. Top-level managers work actively with all departments in the company to ensure collective success, by ensuring planning and coordinating functions. Their instructions, decisions, provide guidance and it gives direction and purpose for the company.
The other two different levels of management include the middle-level managers and the low-level managers. The middle-level managers are responsible for executing the company's plans in accordance with the policies ensuring the lower level adheres to those policies as directed by the top-level managers. The low-level managers work directly with the company's workers ensuring they focus on the execution of tasks thereby giving out activities to the various workers.
Lester Dunbar sold to Walter Masters real property on which Charles Endicott held a first mortgage. Masters expressly assumed the mortgage debt. Subsequently, Masters defaulted in payment of the mortgage debt. Masters contends that Endicott must first proceed against Dunbar, the original mortgagor, because he is primarily liable for the mortgage debt. Based upon these facts, ___________.
Answer: Dunbar is, in fact, a surety and must satisfy the mortgage if Masters does not.
Explanation:
A surety refers to the individual who makes a promise to be responsible for the debt obligation of a borrower on a situation whereby the borrower defaults and doesn't take responsibility. The surety is also known as the guarantor.
Since Masters defaulted in payment of the mortgage debt, but contends that Dunbar, is the original mortgagor, because he is primarily liable for the mortgage debt, then Dunbar is a surety and must satisfy the mortgage if Masters does not.
Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: Increase in an asset, decrease in another asset. Increase in an asset, increase in a liability. Increase in an asset, increase in owner's equity. Decrease in an asset, decrease in a liability. Decrease in an asset, decrease in owner's equity.
Answer:
Increase in an asset, increase in owner's equity.
Explanation:
Accounting equation is assets + liabilities = owners stockholders equity. The investment of owners in the company will increase the assets as when the company borrows money from the banks the company assets also raise equity.During the taking of its physical inventory on December 31,2008, Genesis company incorrectly counted its inventory as $126,000 instead of the correct amount of $135,000.
Explanation:
Given:
Wrong inventory needed = $126,000
Right inventory need to recorded = $135,000
Correct amount need to record = 135,000 - 126,000
Correct amount need to record = $9,000
Journal entry
Purchase A/c dr 9,000
To Credit or cash A/c 9,0000
Usage of accounting.
Please help with this, i need the usage of accounting.
If a firm hires a currently unemployed worker, the opportunity cost of utilizing the worker's services is zero. This statement is A. false because the worker's new wages are an implicit cost. B. false because the worker's time otherwise spent in unpaid household work has value. C. true because the worker's time otherwise has no value. D. false because the worker's time otherwise spent in leisure activities has no value. E. true because the worker's new wages are a sunk cost.
Answer:
B. false because the worker's time otherwise spent in unpaid household work has value.
Explanation:
In the situation it is mentioned that the firm is presently unemployed workers also the opportunity cost should be zero with respect to the service of the worker so it should be false as the time of the workers rather spending in non-paid household work contains the value
So as per the given situation, the option b is correct
It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the owners begin by calculating share of customer to identify opportunities to sell more products to existing customers. Before you can calculate Camp Plus's share of customer, you need to determine what type of data you need to gather. What data sources will you need to utilize to calculate share of customer
Answer:
internal and external data
Explanation:
Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.
Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.
External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.
Select the correct answer from each drop-down menu.
Complete the statement with correct answers.
А
is a check that you have written that you cannot pay due to
<
Answer:
bounced check; insufficient funds.
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.
A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check
Similarly, a bounced check is a check that you have written but you cannot pay due to insufficient funds in your bank account. Thus, the bank wouldn't honour a bounced check and as such no money would be paid to the holder.
haley is helping to choose members for a customer satisfaction team which of the following employees demonstrate skill in focusing on the team's purpose?
Answer: Jesse constantly looks for better ways to solve problems for customers
Explanation:
Customer satisfaction refers to the measurement which deals with the happiness and satisfaction of customers with the product and service of a company.
Since Haley is helping to choose members for a customer satisfaction team, then the employee who can help the team focus on the its purpose is Jesse who constantly looks for better ways to solve problems for customers.
The state government offered Mike $300,000 for his family’s property, which they plan to use for building a new development.
The
allows the state government to take the property as long as it is used
. Mike can still dispute the government’s offer if the compensation
.
Answer:
Fifth Amendment; for non-profit purposes; is less than fair market value all around.
Explanation:
A constitution refers to a set of written laws and principles which is typically used to determine the power and authority of the government, as well as guarantee the fundamental rights of its citizens.
Basically, the Constitution accords powers to the national or federal government and these includes; enumerated or delegated, reflected, and concurrent powers.
The Fifth Amendment allows the state government to take the property as long as it is used for non-profit purposes.
However, Mike can still dispute the government’s offer if the compensation is less than fair market value all around.
Expenditures capitalized as long-lived assets generally include those expenditures that:
a. Are made for normal repairs to maintain the usefulness of the asset over a number of years.
b. Are for items that have a physical life of more than a year, regardless of their cost.
c. Are material in amount and that have an economic benefit to the entity only in the curret year.
d. Are material in amount and that have an economic benefit to the entity that extends beyond the current year.
Answer:
D
Explanation:
On January 1, 2008, Gilson Corporation issued for $1,030,000, one thousand of its 9%, callable $1,000 bonds. The bonds are dated January 1, 2008, and mature on December 31, 2022. Interest is payable semiannually on January 1 and July 1. The bonds can be called by the issuer at 102 on any interest payment date after December 31, 2012. The unamortized bond premium was $14,000 at December 31, 2015, and the market price of the bonds was 99 on this date. In its December 31, 2015, balance sheet, at what amount should Gilson report the carrying value of the bonds
Answer:
$1,014,000
Explanation:
Calculation to determine at what amount should Gilson report the carrying value of the bonds
Bonds carrying value=1,000 *callable $1,000 bonds)+Unamortized bond premium $14,000
Bonds carrying value=$1,000,000+$14,000
Bonds carrying value=$1,014,000
Therefore what amount should Gilson report the carrying value of the bonds is $1,014,000
list the two things the government does that fall under fiscal policy. (A.p.e.x.)
Explanation:
These two policies are combined in numerous ways to influence a country's economic situation.
Fiscal policy, together with monetary policy handled by central banks, is the primary means through which governments influence a country's economy. The two primary elements of fiscal policy are income taxes and government expenditures.
Feelings can be hurt by mutually respecting coworkers. Please select the best answer from the choices provided T F
Answer:
False
Explanation:
A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.
This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.
Basically, when coworkers or employees working in an organization have mutual respect for one another, it would help to tighten or strengthen the bond that exists in the workplace and as such improving their feelings for each other.
This ultimately implies that, feelings cannot be hurt by mutually respecting coworkers.
explain hotel manager
Answer:
Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.
Answer:
hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget
A borrower attends a seminar on how to get rich by investing in real estate with no money down. A third party encourages the borrower to invest in three real estate properties. Under the third party's guidance the borrower completes the applications and provides the specific documentation required. The borrower is unaware that the third party owned numerous properties in the name of an LLC and submitted applications on not just the three properties known to the borrower but on a total of 15 properties, this is an example of:
Answer:
Chunking
Explanation:
Chunking
chunking
This is simply known as the ways at which information is stored through the combination of small pieces of information into larger pieces.
Chunking in business is simply known also as the sale of properties at artificially inflated prices, pitched as investment opportunities to unknowly real estate investors who are promised improbably high returns and loan risks. The third-party therefore helps the investor and may use the investor's information to apply for loans at multiple institutions and then retain the proceeds leaving the borrower with multiple loans that cannot be repaid
There are a lot of fraud scheme usually includes a "get rich quick" real estate seminar. It occurs when a third party convinces an uninformed borrower to invest in a property (or properties), with no money down and with the third party acting as the borrower's agent. The third party is also the owner of the property or part of a larger group organizing the scheme.
The CEO of Skyco, a publicly-traded company that has been earning below-average returns, has been publicly criticized by shareholders for persuading the board of directors to give her interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options. The CEO's behavior may be indication of
A) reasonably compensating a CEO.
B) a weak board of directors.
C) the laxity of institutional investors.
D) the difference in risk propensity between owners and managers.
Answer:
B) a weak board of directors
Explanation:
The board of directors of a company are elected group of people that represents the interest of shareholders of a company.
They provide oversight by meeting at intervals to set policies that will govern the company.
In the given scenario the CEO got interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options.
This is with the consent of the board of directors and despite the company earning below-average returns.
It is a sign that the board of directors is weak and are not adequately representating the wishes of the shareholders.
In the Crane, maintenance costs are a mixed cost. At the low level of activity (90 direct labor hours), maintenance costs are $900. At the high level of activity (400 direct labor hours), maintenance costs are $2200. Using the high-low method, what is the variable maintenance cost per unit and the total fixed maintenance cost?
Answer:
$4.19 per unit ; $523
Explanation:
Below is the calculations:
Variable maintenance cost per unit = ($2200 -$900) /(400 hours – 90 hours)
Variable maintenance cost = $1300/310 labor hours
Variable maintenance cost = $4.19 per unit
Total fixed maintenance cost = $2200 – ($4.19 per unit x 400 hours)
Total fixed maintenance cost = $2200 -$1677
Total fixed maintenance cost = $523
Annabey Inc., a small candy manufacturing company established in 1937, now has several large units that sell unique flavors of candies and assorted chocolates. When the company started out in 1937, it initially experienced slow growth as it was selling brand new products in the market, but later on, their sales picked up at a drastic speed when customers decided to try their products. The CEO of Annabey credits its growth to all the customers who love their candies and chocolates. Which of the following factors of inimitability is best reflected in this scenario?
A. Positive network externality
B. Time compression diseconomy
C. Virtuous circle
D. Complexity
Answer:
A
Explanation:
Network externality describes the effect a good or service has on a consumer when other consumers are also making use of the product
Positive network externality occurs when the marginal benefit of making use of a good increases as more users make use of the good
An example of Positive network externality is a social media platform. As there are more users on the site, you have more people to interact with.
For Annabey Inc., their growth increased when their their consumer based increased. As more people tried their product and liked it, they recommended the product to more people. this would increase their sales
issued a cheque of rs. 39000 to Saurya stores in full settlement.
journal entry
Answer:
When issuing a check to a creditor as is being done here, you need to debit the creditors account (Accounts Payable) to show that you are paying off the debt.
You also need to credit cash because a credit will show that cash was used to pay for something and so has reduced.
Date Account Title Debit Credit
XX-XX-XXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
A merchant sued a company for breach of contract, alleging that the products she purchased failed to conform to contract specifications. Shortly before the trial was to begin, the merchant suffered a stroke that left her paralyzed and virtually unable to communicate. Her guardian was properly substituted as the plaintiff in the lawsuit. At trial, following presentation of the plaintiff's case, the company calls as a witness a priest to question him about a conversation he had with the merchant at a church fundraiser. In this conversation, the merchant told the priest in confidence that the products she received were actually quite functional, but that she had become aware of a lower price being offered by another vendor, and thus wanted to get out of her contract with the company. The plaintiff's attorney immediately objects on the basis of clergy-penitent privilege. How should the court rule on the objection
Answer:
Overruled, because the circumstances under which the merchant made the statement take it outside the scope of the privilege.
Explanation:
A clergy-penitent privilege is one that protects information that is divulged between a person and his priest. The matters discussed with the priest should be in his capacity as a spiritual adviser.
However in the given scenario they were in a social setting during casual conversation so it was not not in his role as spiritual adviser.
A clergy-penitent privilege will have applied if the conversation took place during confession or a counselling session.
The court should overrule the objection as the conversation is outside the scope of clergy-penitent privilege.
Otis, the manager of a camera store, believes that his store may be closed by corporate in the near future, so he cannot sleep well at night and he is dealing with severe anxiety
and irritability, and he has been ill several times this month. Several times Otis has
missed important details in his job, and he almost got in an automobile accident this morning. The district manager is coming today to do his bimonthly evaluation of Otis's store. Although Otis usually performs well, he is worried about this one. His district manager may be influenced by ________ bias.
A) hindsight
B) sunk-cost
C) availability
D) framing
E) overconfidence
Answer:
no lseo
Explanation:
menos
identify five business functions that are applicable to the scenario above.Motivate your answer by quoting from the scenario
Answer:
heheheheheheheheheheheheheheheheheheheheheheheheheheheheeheheheheheheehehehehehe.
The CEO of CLEO, Inc., in all her communications to employees consistently refers to her dream of CLEO becoming the company of choice for employee assistance programs. She keeps this theme uppermost and it is reflected in the firm's motto, the title of its Web newsletter, and even on the company T-shirts and mugs. This is an example of the firm's: Group of answer choices strategy. envisioned future. organizational culture. core ideology.
in Chapter 7 bankruptcy a debtor
A) Is required to draw up a petition listing all assets and liabilities
B) dose not have to pay a filing fee
C) is absolved of alimony and child support payments
D) dose not have to repay educational loans
Answer: A. is required to draw up a petition listing all assets and liabilities.
Explanation:
Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.
Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.
