Amend inc. Should also debit blank Empty Cash and credit blank Accounts Receivable.
Receivables are one of the elements of current assets in the company's balance sheet that arise as a result of the sale of goods, services or the provision of credit to debtors whose payments are generally given within 30 days to 90 days.
In a broad sense, receivables are claims against other parties in the form of money, goods or services sold on credit. Receivables in accounting have a narrower meaning, namely, to show demands on outside parties that are expected to be settled by receiving a certain amount of cash.
In general, receivables arise as a result of the sale of goods and services of the company, where payment by the party concerned will only be made after the date of the sale and purchase transaction.
Considering that receivables are very important company assets, reasonable procedures and satisfactory methods must be carried out with debtors so that it is necessary to develop a good procedure for the progress of the company.
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The heavy volume of digital messages received on a daily basis makes it necessary for business professionals to perform the delicate task of balancing the?.
The heavy volume of digital messages received on a daily basis makes it necessary for business professionals to perform the delicate task of balancing the need to respond to others with their own need to focus on work.
As a starting step, one needs to identify your primary workplace interruptions. Others can be the types of distractions you are most prone to, while some of them might be related to your line of work. Phone calls, email notifications, messages, applications, app notifications, managers, in-person and virtual meetings, and daily news websites are just a few examples of distractions. To reduce distractions in the business and maintain attention one needs to identify the primary workplace interruptions.
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on mar 3, lyons company received $100 cash in advance of providing catering services to a customer. use your knowledge of what a correct journal entry should look like to identify what would be included in the correct journal entry multiple select question.
The following information would be included in the correct journal entry:
Debits for cash would be made and listed first.Unearned Revenue would be stated second and given credit.What is journal entry?Keeping or recording any transactions, whether they are financial or not, in a journal is known as keeping a journal entry. A company's debit and credit balances are displayed along with a listing of transactions in an accounting journal. Each recording in the journal entry can be a debit or a credit, and the entry itself may have many recordings.The purchase of machinery by a nation, which will result in a debit to the machinery account and a credit to the cash account, is an example of a journal entry.Compound, modifying, and reversing journal entries are the three basic categories.It may list impacted subsidiaries, tax information, and other information depending on the company.Learn more about journal entry here:
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To help children resolve the crisis of autonomy versus shame and doubt, parents should?
To help children resolve the crisis of autonomy versus shame and doubt, parents should strike a balance between control and freedom.
What happens in autonomy versus shame and doubt?Autonomy versus shame and doubt is a stage in the development of children according to Erik Erikson.
The age that a child will often pass through this stage is when they are aged between 18 month to 4 years.
Erik Erikson advices that if we are to help children through the crisis autonomy versus shame and doubt, parents should help the child with their self control.
They can do this by letting the child explore for themselves but balancing this with controlling other actions the children get involved in.
Options for this question include:
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reflect on boeing’s decision to outsource much of the production of the dreamliner 787. what benefits did this strategy offer? were there any drawbacks? on balance, do you think boeing outsourcing strategy is good or bad for the american economy in the long term? why/ why not?
benefits of Boeing's outsourcing:
1. 80% of Boeing customers were from foreign countries.
2. it offers job opportunities and business.
3. a good sep for expanding the market.
4. each part of the airline is generated in a particular expert country.
5. diminishes the risk of Boeing shifts to suppliers.
6. unburdens the major investment Boeing
drawbacks of Boeing outsourcing
1. logistical nightmare
2. many parts turned up late and did not snap together.
3. lack of assistance to suppliers as technical and engineering problems will slow down the entire production process.
4. Boeing loses its expertise as Boeing would stop wing production of aircraft due to technical change and brain drain.
5. core strength and skills are shifted to other companies.
6. hTheydelayed the construction by up to 4 years eventually.
Is outsourcing good or bad for the American economy?Yes… outsourcing is genuinely a commonly useful exchange. Worldwide trade like outsourcing allows America to thrive in its most proficient areas, hence making more efficiency and wealth. According to the Social Security Organization, 51% of American specialists are now making less than $30,000 a year.
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A board of directors is elected as a representative of the corporation's: _________
a. top management.
b. stakeholders.
c. shareholders.
d. customers.
A board of directors is elected as a representative of the corporation's shareholders. Thus, option (c) is correct.
What is corporation?
The term corporation refers to authorized they to act as a single entity run and recognized to the law. The corporation as the doing the social responsibility.
The shareholders are the representative of the board of directors as the corporation's. The shareholder's right to vote and the higher risk of the shares in the corporation.
As a result, the board of directors is elected as a representative of the corporation's shareholders. Therefore, option (c) is correct.
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a portion of loan payments goes toward covering the interest due on the loan, while the rest reduces the loan’s balance. early in a loan’s life, its balance is high and a substantial portion goes toward interest, but over time the balance declines, as does the portion paid toward interest. an amortization schedule illustrates how interest is covered and principal repaid by loan payments over time. you have secured an 8%, $500,000 bank loan to be paid off in seven equal end-of-year annual payments. what is the required loan payment? loan payment
When you have secured an 8% interest, $500,000 bank loan to be paid off in seven equal end-of-year annual payments. $ 3333.3 per month loan payment is required.
What is amortization?Spreading payments out across several time periods is referred to as amortization in business. The two distinct processes of asset and debt amortization are referred to by the same name. In the latter instance, it alludes to spreading out the expense of an intangible asset across time.There are various amortization techniques, such as declining balance, annuity, bullet, balloon, and negative amortization.Calcaulation of loan payment:loan payment = interest rate x loan amount/ duration
= 8% x $500,000/ 12
= $ 3333.3
Hence, $ 3333.3 per month loan payment is required.
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The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance. True or false?.
The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance.
The given statement is true.
What do you understand by corporate governance?
Corporate governance is the system by which companies are managed and controlled. The board is responsible for the management of its companies. The shareholders' role in governance is to appoint directors and auditors and to ensure that an appropriate governance structure is in place.The responsibilities of the board of directors include setting the company's strategic goals, providing leadership for their implementation, overseeing the management of the business, and reporting to shareholders on their management.Corporate governance is therefore about what the company's board of directors does and how it sets the company's values, and must be distinguished from the day-to-day operational management of the company by full-time executives.To learn more about corporate governance, refer to:
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Jared lives in a country in which the government owns and operates the postal service, utilities, transportation, and health care systems. while individuals and small businesses provide other goods and services, jared and the rest of the citizens are dependent on the government for many goods and services that are essential to their daily lives. jared lives in a ________ country.
Jared lives in a socialist country.Jared lives in a country in which the government owns and operates the postal service, utilities, transportation, and health care systems. while individuals and small businesses provide other goods and services, jared and the rest of the citizens are dependent on the government for many goods and services that are essential to their daily lives.
What is socialism?Socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it. Society as a whole, therefore, should own or at least control property for the benefit of all its members.To more about socialism, refer: https://brainly.com/question/28218484?referrer=searchResults
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A company makes a paper that is 3210,000 of an inch thick. what is 3210,000 written in scientific notation?
Answer:
How do you know if a number is written in scientific notation?
A number is written in scientific notation when a number between 1 and 10 is multiplied by a power of 10. For example, 650,000,000 can be written in scientific notation as 6.5 ✕ 10^8.
firms should emphasize the importance of consistently good customer service to its employees so that good customer service becomes part of the blank .
Firms should emphasize the importance of consistently good customer service to its employees in order that good customer service becomes a part of the organizational culture.
Organizational culture is that the collection of values, expectations, and practices that guide and inform the actions of all team members. consider it because the collection of traits that make your company what it's. a good culture exemplifies positive traits that result in improved performance, while a dysfunctional company culture brings out qualities that may hinder even the foremost successful organizations. Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits. When workplace culture aligns together with your employees, they’re more likely to feel softer, supported, and valued. Companies that prioritize culture may also weather difficult times and changes within the business environment and are available out stronger.
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Productivity refers to the degree to which an organization can achieve its ends at a low cost.
true/ false
Answer: False
Explanation: Productivity refers to the combination of the effectiveness and efficiency of an organization, while the degree to which an organization can achieve its ends at a low cost is known as efficiency.
jackson, age 35, and peggy, age 34, are married and file a joint income tax return for 2021. their salaries for the year total $85,400 and they have dividend income of $4,000. they have no deductions for adjusted gross income. their itemized deductions are $25,200. jackson and peggy do not have any dependents.
Total taxable income is $64,200
What is the amount of their taxable income ?As per the question their salary was $85,400 and dividend is $4,000.
So Total income from salary and other income is $85,400+ $4,000 = $89,400
So their adjusted gross income is $89,400
Deduction for personal exception $25,200 as per given in the question its is depend up on asper the law prescribed.
Taxable income is $89,400 - $25,200 = $64,200
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Determine how the equilibrium price and equilibrium quantity in the market for coffee changes if the price of tea, a substitute for coffee, decreases, and due to better weather, the price of coffee beans also decreases.
If coffee's price drops, the demand curve for tea would move to the left.
Therefore, new equilibrium would signify a decrease in both equilibrium quantity and equilibrium price.
Tea and coffee are interchangeable products. Let's say that coffee's price goes up. This will result in a rightward change in the demand curve for tea. The initial equilibrium, or E, is when the supply and demand axes cross. The equilibrium quantity of tea is OQ, while the equilibrium price is OP. The demand curve for tea moves forward as coffee prices rise.
As a result, equilibrium quantity increases from OQ to OQ1 and equilibrium price (of tea) climbs from OP to OP1.
If coffee's price drops, the demand curve for tea would move to the left.
Therefore, new equilibrium would signify a decrease in both equilibrium quantity and equilibrium price.
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The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good,.
A producer who needs fewer resources to produce a given quantity of good compared to the number of resources needed by other producers to produce the same quantity has an absolute advantage in producing that good.
Producers present story ideas, hire writers, or select and secure script rights. This is called a script "selection". They determine the scope and budget of the film and the sources of funding for investors, studios and distributors.
Producers - all kinds of green plants. Green plants get their food by receiving sunlight and using energy to produce sugar. Plants use this sugar, also known as glucose, to make many things, such as trees, leaves, roots, and bark. Trees such as the giant oak and the majestic American beech are examples of producers. To successfully manage creative projects, creators need at least a bachelor's degree in a related field. Producers usually have advanced degrees in film or acting. A journalism or communication degree is relevant to production as well as business degrees.
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You pick up a box of cheerios cereal in the supermarket. the label tells you that a 1-cup serving provides 25 percent of the ______ for iron.
You pick up a box of cheerios cereal in the supermarket. the label tells you that a 1-cup serving provides 25 percent of the Daily Value for iron.
Iron is an important component of hemoglobin, a type of protein found in red blood cells that carries oxygen from the lungs to all parts of the body. If you don't have enough iron, you won't have enough red blood cells to carry oxygen, and you'll get tired easily. Low iron levels are a common problem for blood donors, so you may be wondering if eggs are a good source of iron to help you. An excellent source of important vitamins. Fruits such as apples, bananas, and pomegranates are rich in iron and should be consumed daily for those with anemia to get pink cheeks and stay healthy. Mulberries and black currants are also rich in iron. is.
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A friend says, "eh, i’ll just open an account at my parents’ bank, and i’ll switch later if i don’t like it. " does this sound like a good strategy to you? why or why not?.
They want to test it out in their parents' bank account first, and if they enjoy it, they'll establish one on their own, therefore I believe the answer is yes. (Amani) I think you should begin with your own account so that there are no issues with it.
Yes, as you can't know how well the bank will work unless you give it a try.
I believe that youngsters may simply ask their parents about the bank's reputation, the fees they charge, and the benefits and drawbacks of having a bank account. If a buddy suggests it, I believe it to be a wise course of action because you can always cancel if you don't like anything.
I believe it is a bad idea since often changing banks is terrible. You never know what can happen, but your information is not protected and might be everywhere.
Yes, since you have alternatives. If you don't like the bank and what it offers, you can always hunt for another bank that would be advantageous to you. Yes, since it relies on the sort of person your parents are in terms of safety, and it just takes a little bit of wildness to find a good bank in terms of safety the bank still needs to find the right bank and still needs to search you know the money is safe in the parent's bank. [magali].
Yes, since you can experience the contrary and learn how a bank account works and how your money is shielded from theft and costs. -Yaseen
Yes, because you can learn how to increase your account balance and keep track of your spending, says Amir.
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The adjustment for supplies used during the period will result in a debit to the ______ account and a credit to the ______ account.
The adjustment for supplies used during the period will result in a debit to the supplies expense account and a credit to the supplies account.
What do you understand by supplies expense?
The cost of office supplies in inventory at the end of the accounting period should match the balance in a current asset account, such as inventory or supplies. The cost of office supplies consumed during the accounting period should be posted on the income statement to the Consumables Expense account. When purchasing consumables, the amount will be debited to Supplies. At the end of the accounting period, the balance in the Inventory account will be adjusted to the amount in the cash register and the amount of the adjustment item will be posted to Inventory Expense. (If the amount of inventory on hand is insignificant, the company can simply deduct the cost of consumables when purchasing the inventory.)To learn more about adjusting entries, refer to:
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Does Ireland have an absolute or comparative trade advantage
I would say it would be a comparative trade advantage.
----------------------------------------
Ireland has a comparative advantage in cheese and butter due to climate and a large amount of land suitable for dairy cows.
Ireland has an established comparative advantage in producing grass-based milk and meat which provides cost and food efficacy advantages at a global level.
----------------------------------------
Hope this helps!
Have a great day and God bless! :)
Answer:
comparative advantage
Explanation:
i looked it up
Toyota knows that people are only actively looking to purchase a car every few years. It wants to focus its ad dollars on people who are actively researching cars to purchase. What targeting dimension should toyota use for its ad campaign?.
Given that Toyota is trying to focus its ad dollars on people who are actively researching cars to purchase, the target dimension that they would use for the ad campaign would be the market audience.
What is the ad campaign?This is the term that is used to refer to the adverting that is done of goods and also services. The ad campaign is the way that the producers would be able to get people to buy the goods and the services that they have to offer in the market.
The market audience can be defined to be the audience that the advertising is meant for. They are the prospective customers for whom the business is trying to get the goods and the services to reach.
Hence we can say that given that Toyota is trying to focus its ad dollars on people who are actively researching cars to purchase, the target dimension that they would use for the ad campaign would be the market audience.
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Business ethics is concerned more with reasoning than answers. group startstrue or false
Business ethics is concerned more with reasoning than answers that are considered false statements.
What is ethics?The study of what is ethically appropriate and inappropriate is referred to as ethics. The phrase is often used to refer to any idea or set of ethical standards or regulations.
The main purpose of business is to profit and increase their revenue where Business Ethics may come in there were more ethics and rules and regulation would mean that the person would need to concentrate on those things rather than their own business need. As ethics are being followed to some percentage by the business.
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The operating cycle is composed of which periods? multiple select question.
a. inventory period
b. accounts receivable period
c. accounts payable period
The operating cycle is composed of the inventory period and the accounts receivable period.
The operating cycle refers to the timeframe which a business takes to procure its inventories, to complete the sale of these inventories, and to receive cash from their sale. It consists of the inventory period and the accounts receivable period.
The inventory period refers to the number of days in which an inventory sits in storage before it is sold off. The accounts receivable period indicates the time taken to receive cash from the sale of inventories.
The operating cycle is an indicator of the operating efficiency of a business. A shorter cycle indicates more efficiency.
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assume that kubin company produced 17,000 units and expects to sell 16,740 of them. if a new customer unexpectedly emerges and expresses interest in buying the 260 extra units that have been produced by the company and that would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer?
Incremental cost: This is the cost which is added or incurred by producing an additional unit product or providing extra service.
The incremental selling and administrative cost/unit incurred to sell extra units to the customers is 0. This is because 260 extra units were already produced and was supposed to be remain unsold as out of 17000 units only 16740 units were expected to be sold.. But the customer unexpectedly came and demanded 260 units which otherwise would have been unsold.
What does Incremental cost mean?
Incremental cost is the total cost of producing additional units of the product. Incremental costs are calculated by adding additional costs associated with the production process, such as: B. Raw materials are analyzed for additional production units.
How is the Incremental cost calculated?
To determine the Incremental cost, calculate the difference between the cost of producing one unit and the cost of producing two units. Take the total cost to build 2 units ($180.00) and subtract the cost to build 1 unit ($100.00) = $80.00. The remaining amount is the marginal cost.
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Management by ______ is a four-step process in which managers and employees jointly set objectives, develop action plans, review performance, and appraise and reward employees.
Management by Objective is a four-step process in which managers and employees collaborate to define goals, create action plans, evaluate and reward people.
A strategic management approach known as "management by objectives" (MBO) tries to increase an organization's performance by establishing goals that are accepted by both management and personnel. The notion contends that giving employees a voice in goal-setting and action-planning fosters engagement and commitment among them and aligns organizational goals.
In order to compare actual performance and accomplishments with the set objectives, management by objectives (sometimes referred to as management by planning) entails the creation of a management information system (MIS). According to practitioners, the main advantages of MBO are that it fosters greater management-employee communication and increases employee commitment and motivation.
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Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ________ to potential employers.
Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits independence, resourcefulness, and entrepreneurship to potential employers.
Computer programming is the manner of writing code to support unique movements in a laptop, application, or software and instructing them the way to do it. Programming is notoriously one of the hardest to grasp. thinking about how one of a kind it's miles from conventional forms of training, consisting of an undergraduate degree in laptop science, it's now not hard to look why a few humans warfare to discover ways to code.
Disclaimer:- your question is incomplete, please see below for the complete question.
Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ________ to potential employers. Multiple Choice
a. independence, flexibility, and discipline
b. polycentricity and strong leadership skills
c. discipline and flexibility
d. independence, resourcefulness, and entrepreneurship.
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larry is a tax accountant and sheila is a hairdresser. larry prepares sheila's tax return for free and sheila agrees to style larry's hair six times for free in return for the tax return. the value of the tax return is approximately $300 and the hair styling work is approximately $300. a. how much of the $300 is includable income to larry? is income to larry because there gross income exception in the tax law for "barter" income. b. how much, if any, of the $300 is includable income to sheila?
The Nature of the Gross Income is:-
a. How much of the $300 is includable income to Larry?
$300 is income to Larry because there is no gross income exception in the tax law for "barter" income.
b. How much, if any, of the $300 is includable income to Sheila?
$300
How can I file a barter income report?Disclosing Barter Income
The fair market value of any items or services you obtain through bartering must be included in your gross income in the year that you receive them. Typically, Schedule C (Form 1040), Profit or Loss from Business is where you declare this revenue (Sole Proprietorship).
How is revenue from barter taxed?You could owe income tax, self-employment tax, employment tax, or even excise tax on your bartering income even if you didn't receive any actual cash since "barter dollars," the fair market worth of the items and services you got, are taxed the same way as cash.
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an investor writes an amex major market index 250 call at 13. the market closes that day at $262.34. the investor will break even on his short call if, on the expiration date, the index closes at:
Answer:
263
Explanation:
250+13
the legislature adopted and the governor approved a budget. estimated traffic fine revenues were $1,500,000. appropriations were for parks and recreation program salaries of $1,300,000 and for parks and recreation program supplies of $180,000.
Estimated revenues-traffic fines A/c Dr. $1,500,000
To Appropriations - Park and recreation salaries A/c $1,300,000
To Appropriations - Park and recreation supplies A/c $180000
Bank A/c Dr. $1,520,000
To Traffic Fine Revenues A/c $1,520,000
Being Traffic Fine received during the year
Salary Expense A/c Dr. $1,250,000
To Bank A/c $1,250,000
Being Salary paid during the year
Salary Expense A/c Dr. $30,000
To Salary Payable A/c $ 30,000
Being salary due for the last week of December
Purchases A/c Dr. $170,000
To Sundry Creditors A/c $170,000
Being amount due for the purchases
Sundry Creditors A/c Dr. $170,000
To Bank A/c $170,000
Being amount paid for purchases made from creditors.
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Henry is up for retirement after 35 long years at his pharmacy. before retiring, he would like to know how much he would receive each month from social security if he were to retire. during his 35 years, henry averaged an annual salary of $45,620. assuming he would recieve 42% of his annual average each year, how much can henry expect to receive from social security on a monthly basis? a. $1,596.70 b. $1,916.04 c. $15,967.00 d. $19,160.40
Henry is up for retirement after 35 long years at his pharmacy. Before retiring, he would like to know how much he would receive each month from social security if he were to retire. During his 35 years, henry averaged an annual salary of $45,620. Assuming he would receive 42% of his annual average each year, henry expect to receive from social security is $1596.70 monthly.
Retirement is withdrawal from a job, position, or active professional life. You can also reduce your working hours and workload and retire. Many people retire due to old age or are unable to work due to health reasons.
What are the three types of retirement?
Three different types of retirement have emerged as a result of these trends. And each requires a different retirement planning strategy. Here, we discuss traditional retirement, semi-retirement, and temporary retirement, and how you can navigate your chosen path.
At what age can early retirement be allowed?
A worker can retire at the age of 62, but this can save up to 30%. Starting your benefits after normal retirement age may result in higher benefits. Deferred pension credits allow you to receive maximum benefits when you retire at age 70.
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Answer:
A. 1,596.70
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the two ways that a corporation can be classified by purpose are a. general and limited. b. profit and not-for-profit. c. state and federal. d. publicly held and privately held
The two ways that a corporation can be classified by purpose are profit and non-profit corporations.
The profit corporations are the corporations that earn profits from their business and pay taxes to the government according to their profits. While the non-profit corporations are the corporations that do earn profit but do not pay tax as they profit collected are reused for the welfare of the society for various people in need.
The main income is for the profit organization are the profits earn from the sales while for the non-profit organization the source of income is the donations made by people and government.
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to encourage consumers to buy more energy-efficient appliances, the government offers cash rebates to consumers who purchase products that have received energy star certification. this is an example of which type of government intervention?
To encourage consumers to buy more energy-efficient appliances, the government is offering cash refunds to consumers who purchase Energy Star-certified products. This is an example of government intervention in the form of subsidies to buyers.
So-called governmental intervention means that governments professing to be regulators or market regulators deeply intervene in trading disputes between market participants and use public and private sectors to resolve trading disputes in the course of market leadership. Indicates when resources must be mobilized. Taxes, subsidies, price controls, regulations, minimum wage laws, and government bailouts are examples of different types of government intervention in the economy.
Governments can intervene to provide basic safety nets such as unemployment benefits and minimum income for the sick and disabled. This will increase the country's net worth and help individuals escape the worst of poverty. This national intervention can also prevent social unrest caused by extreme inequality.
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