Answer: Lets say 2 tear drops equals a teaspoon, And 3 teaspoons equals a tablespoon and 2 tablespoons equals a fluid ounce and 32 ounces equal a quart and 4 quarts equal a gallon and lets say the pool is 10 gallons It would take about 768000 tears to fill a ten gallon pool. Not gonna lie not even i'm depression enough for that.
A W-2 form is a record showing an employee's personal payroll
information, yearly earnings, and deductions.*.
True
Or
False
Answer:
True
Explanation:
Suppose that Boeing Corporation exported a Boeing 747 to Lufthansa and billed €10 million payable in one year. The money market interest rates and foreign exchange rates are given as follows: Picture Assume that Boeing sells a currency forward contract of €10 million for delivery in one year, in exchange for a predetermined amount of U.S. dollar. Which of the following is (or are) true? On the maturity date of the contract Boeing will: (i) have to deliver €10 million to the bank (the counterparty of the forward contract) (ii) take delivery of $14.6 million (iii) have a zero net euro exposure (iv) have a profit, or a loss, depending on the future changes in the dollar-euro exchange rate, from this German (euro currency zone) sale Group of answer choices (i) and (iv) (ii) and (iv) (ii), (iii), and (iv) (i), (ii), and (iii)
Answer:
All Choices (i) (ii) and (iii) except (iv) are correct.
Explanation:
Solution:
Choices (i) (ii) and (iii) are correct in this question.
As we know that, it is a forward contract at the time of maturity so, Boeing 747 will have to deliver 10 million euros to the bank as per the forward contract obligation (fulfills the choice (i)). Furthermore, with forward currency, after selling 10 million euro worth of contract, Boeing 747 will take delivery at 14.6 million dollars which is in US dollars as currency exchange (fulfills the choice (ii)). Hence, after maturity it will not have any exposure to euro (fulfills the choice (iii)).
Hence, All Choices (i) (ii) and (iii) except (iv) are correct.
During 2019, Zigma Company earned service revenue amounting to $800,000, or which $645,000 was collected in cash; the balance will be collected in January 2020. Also in 2019, there were collections of cash prior to the delivery of goods/services totaling $11,100. What amount should the 2019 income statement report for service revenue
Answer:
$800,000
Explanation:
Given that;
Sales revenue = $800,000
Cash collected = $645,000
Remaining amount cash collected in January = $155,000
And the delivery of goods is $11,100
Here, since the service revenue earned is $800,000 and same amount would be reported under the income statement, other items given would be ignored.
It therefore means that the sum of $800,000 should be the 2019 income statement report for service revenue.
On December 30, 2005, Bart, Inc. purchased a machine from Fell Corp. in exchange for a non-interest bearing note requiring eight payments of $20,000. The first payment was made on December 30, 2005, and the others are due annually on December 30. At date of issuance, the prevailing rate of interest for this type of note was 11%. Present value factors are as follows:
Period Present value of ordinary annuity of 1 at 11% Present value of annuity in advance of 1 at 11%
7 4.712 5.231
8 5.146 5.712
On Bart's December 31, 2005 balance sheet, the note payable to Fell was:
a. $114,240
b. $104,620
c. $94,240
d. $102,920
Answer: c. $94,240
Explanation:
On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.
Note payable value = Present value of seven $20,000 payments
= 20,000 * Present value of ordinary annuity of 1 at 11% for 7 years.
= 20,000 * 4.712
= $94,240
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit Cash $ 16,000 Accounts receivable 158,000 Prepaid rent 7,000 Supplies 27,000 Equipment 330,000 Accumulated depreciation $ 127,000 Accounts payable 19,000 Salaries payable 3,800 Interest payable 1,500 Notes payable (due in two years) 30,000 Common stock 180,000 Retained earnings 94,700 Dividends 30,000 Service revenue 470,000 Salaries expense 185,000 Advertising expense 78,000 Rent expense 18,000 Depreciation expense 33,000 Interest expense 2,000 Utilities expense 42,000 Totals $ 926,000 $ 926,000 Prepare a classified balance sheet for China Tea Company as of December 31, 2021.
Answer:
China Tea Company
Classified Balance Sheet as at December 31, 2021
ASSETS
Non Current Assets
Equipment $330,000
Accumulated depreciation ($127,000)
Total Non - Current Assets $203,000
Current Assets
Prepaid rent $7,000
Supplies $27,000
Accounts receivable $158,000
Cash $ 16,000
Total Current Assets $208,000
TOTAL ASSETS $411,000
EQUITY AND LIABILITIES
EQUITY
Common stock $180,000
Retained Earnings $361,700
TOTAL EQUITY $541,700
LIABILITIES
Non Current Liabilities
Notes payable (due in two years) $30,000
Total Non - Current Liabilities $30,000
Current Liabilities
Accounts payable $19,000
Salaries payable $3,800
Interest payable $1,500
Total Current Liabilities $24,300
TOTAL LIABILITIES $54,300
TOTAL EQUITY AND LIABILITIES $596,000
Explanation:
A Balance Sheet show the Assets, Liabilities and Equity Balances as at the Reporting date
Retained Earnings Balance = Opening Balance + Profit for the year - Dividends.
where,
Profit for the Year = Sales - Expenses
= $470,000 - ($78,000 + $18,000 + $33,000 + $2,000 + $42,000)
= $297,000
therefore,
Retained Earnings Balance = $94,700 + $297,000 - 30,000 = $361,700
A "direct response" social media advertisement offers a 50% discount at your restaurant for one of two people dining
together as a couple on Valentine's Day. The discount will apply to the lower priced
meal. One meal will cost $24.77 and the other costs
$22.56. What will the total cost of the check be with the discount?
a) $24.77
b) $34.95
c) $36.05
d) $47.33
Answer:
36.05
Explanation:
$22.56/2=11.28
$11.28+24.77=$36.05
Take a quick look at all the market segments by clicking on the SEGMENTS/SUMMARY tab. As you analyze the opportunity for each segment, pay particular attention to the DEMOGRAPHICS for each segment. As you do so, note the SEGMENT SIZE of each market and its GROWTH RATE. From looking at the information provided about each segment, which segment represents the greatest portion of the entire market at close to 36%?
Question Completion:
Demographic Data on Market Segments
Segment Market Growth Purchase Average
Size Rate Behavior Price
Urban Commuters 20,000 3% 23% $45.00
School Children 35,000 1% 20% $24.00
Outdoor Enthusiasts 14,000 5% 12% $90.00
Luxury Trend Followers 5,000 7% 11% $70.00
University Students 24,000 5% 15% $32.00
Answer:
From looking at the information provided about each segment, the segment which represents the greatest portion of the entire market at close to 36% is:
School Children.
Explanation:
a) Data and Calculations:
Demographic Data on Market Segments
Segment Market Growth Purchase Average Market
Size Rate Behavior Price Size %
Urban Commuters 20,000 3% 23% $45.00 20.4%
School Children 35,000 1% 20% $24.00 35.7%
Outdoor Enthusiasts 14,000 5% 12% $90.00 14.3%
Luxury Trend Followers 5,000 7% 11% $70.00 5.1%
University Students 24,000 5% 15% $32.00 24.5%
Total market size 98,000
b) Market Size in percentage is computed as a ratio of each market segment to the total market size. Companies engage in market segmentation and sizing by dividing a target market into smaller, more defined categories that share similar characteristics such as demographics, interests, needs, or locations. The purpose is to identify the different groups within the target market so that more tailored and valuable goods and services can be provided to meet the customers' sweet spots.
Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $5,000 at the end of five years. Using the double-declining balance method, depreciation expense for 2021 would be:
Answer:
Annual depreciation= $11,000
Explanation:
Giving the following information:
Purchase price= $60,000
Salvage value= $5,000
Useful life= 5 years
To calculate the depreciation expense under the double-declining balance method, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= (60,000 - 5,000) / 5
Annual depreciation= $11,000
The depreciation expense using the double-declining balance method for 2021 starts from $24,000 and finally in the fifth year the residual value will be left that is $4,666.
What is double-declining method of depreciation?When opposed to straight-line depreciation, which employs the same amount of depreciation each year, the double-declining balance depreciation method technique is an expedited depreciation approach that counts as an expense more quickly.
The formula for depreciation using double-declining depreciation:
[tex]\rm\,Periodic\,Depreciation\,expense= Beginning\,book\,value\times\,Rate\,of \,depreciation.[/tex]
[tex]\rm\,Rate\,of\,depreciation= \\\\\ Expense = \(\dfrac{100\%}{Useful\,life\,of\,the\,asset}\times\,2\\\\Expense = \dfrac{100\%}{5}\times\,2\\\\= 40\%[/tex]
The calculation of the depreciation amount for the given case has been attached in the image below.
Hence, Kansas enterprise will have the following depreciation amounts using the double-declining-balance method for the period of 5 years: $24,000,$14,400, $8,640, $5,184, and $3,110 respectively.
To learn more about double-declining-balance method, refer to the link:
https://brainly.com/question/24296752
Assume that the entry closing total revenues of $3,190,000 and total expenses of $2,350,000 has been made for the year ending December 31. At the end of the fiscal year, Teresa Schafer, Capital has a credit balance of $1,885,000 and Teresa Schafer, Drawing has a balance of $770,000. Required: (a) Journalize the entry required to close the Teresa Schafer, Drawing account. Refer to the Chart of Accounts for exact wording of account titles. (b) Determine the amount of Teresa Schafer, Capital at the end of the period.
Answer:
a. To close off the Drawing account, post the drawing to the Capital account:
Date Account Details Debit Credit
December 31 Teresa Schafer, Capital $770,000
Teresa Schafer, Drawing $770,000
b. Amount in Capital account.
Calculate Net income:
= Revenue - Expenses
= 3,190,000 - 2,350,000
= $840,000
Teresa Schafer, Capital at December 31, 20XX
Opening Balance $1,885,000
Add: Net income $ 840,000
$2,725,000
Less: Drawing ($770,000)
Closing balance $1,955,000
What kind of economy uses a free-enterprise system?
Answer:
The U.S. economy is a free enterprise system.
Explanation:
That means that individuals — and not the government — own most of our country's resources.
does anyone know the accounting cycle???
Sonor Systems undertakes its own machine maintenance. The depreciation on the equipment is $20,000 per year and operating cost is $2 per machine hour. Last year 275,000 machine hours were used to produce 100,000 units. If 300,000 machine hours had been worked last year, what would be the total machine maintenance cost
Answer:
$570,000
Explanation:
Total machine maintenance cost calculation.
Depreciation expenses $20,000
Operating cost
($275,000 MH × $2). $550,000
Total machine machine maintenance cost $570,000
Therefore, the total machine maintenance cost of the machine is $570,000
Paula weeded 40% of her garden in 8 minutes. How many minutes will it take to weed all of her garden at this rate ?
Answer:
3.2
Explanation:
when we get the 8 minutes and multiply
the rate which is 40% we get 3.2. 8*40/100=3.2 minutes.
Please answer thank you !!!
Answer:
I think its the 3 one
The benefits or reviewing procedures for ordering products and services
Answer:
They provide more detail and utility than a basic expense record. ...
They're the foundation of a reliable purchasing process. ...
They improve organisation for multiple projects and processes. ...
They provide clear and highly detailed levels of communication to all parties.
Explanation:
National Bank currently has $500 million in transaction deposits on its balance sheet. The current reserve requirement is 10 percent, but the Federal Reserve is decreasing this requirement to 8 percent. a. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent of these funds to National Bank as transaction deposits. b. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts 75 percent of its excess reserves to loans and borrowers return 60 percent of these funds to National Bank as transaction deposits.
Answer:
See all the required balance sheets below.
Explanation:
a. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent of these funds to National Bank as transaction deposits
a(1) The Initial Balance Sheet will look as follows:
Federal Reserve Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Treasury Securities (w.1) 50
Liabilities
Reserves (w.1) 50
National Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Reserve deposits at Fed (w.1) 50
Loan 450
Total assets 500
Liabilities
Deposit 500
Total liabilities 500
a(2) The Balance Sheet after all the changes will look as follows:
Federal Reserve Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Treasury Securities (w.5) 41.38
Liabilities
Reserve (w.5) 41.38
National Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Reserve deposits at Fed (w.5) 41.38
Loan (w.6) 475.86
Total assets 517.24
Liabilities
Deposit 517.24
Total liabilities 517.24
b. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts 75 percent of its excess reserves to loans and borrowers return 60 percent of these funds to National Bank as transaction deposits.
b(1) The Initial Balance Sheet will look as follows:
Federal Reserve Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Treasury Securities (w.1) 50
Liabilities
Reserves (w.1) 50
National Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Reserve deposits at Fed (w.1) 50
Loan 450
Total assets 500
Liabilities
Deposit 500
Total liabilities 500
b(2) The Balance Sheet after all the changes will look as follows:
Federal Reserve Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Treasury Securities (w.5) 41.38
Liabilities
Reserve (w.5) 41.38
National Bank
Balance Sheet
Particulars Amount ($' million)
Assets
Reserve deposits at Fed (w.10) 41.25
Loan (w.11) 474.38
Total assets 515.63
Liabilities
Deposit 515.63
Total liabilities 515.63
Workings:
For part a
w.1: Treasury Securities = Reserves = Current transaction deposits * Current reserve requirement percentage = $500 million * 10% = $50 million
w.2: New initial required reserves = Current transaction deposits * New reserve requirement percentage = $500 million * 8% = $500 million * 8% = $40 million
w.3: Change in bank deposits = (1/(New reserve requirement percentage + (1 – Percentage returned by borrowers))) * (Old initial required reserves - New initial required reserves) * Percentage of excess reserves converted to loans by National Bank = (1/(8% + (1 - 50%))) * (50 million - $40 million) * 100 = 17.24 million
w.4: New transaction deposits = Current transaction deposits + Change in bank deposits = $500 million + $17.24 million = $517.24 million
w.5: Treasury Securities = Reserve deposits at Fed = New transaction deposits * New reserve requirement percentage = $517.24 million * 8% = $41.38 million
w.6: Loans = New transaction deposits - Reserve deposits at Fed = $517.24 million - $41.38 million = $475.86 million
For part b.
w.7: New initial required reserves = Current transaction deposits * New reserve requirement percentage = $500 million * 8% = $500 million * 8% = $40 million
w.8: Change in bank deposits = (1/(New reserve requirement percentage + (1 – Percentage returned by borrowers))) * (Old initial required reserves - New initial required reserves) * Percentage of excess reserves converted to loans by National Bank = (1/(8% + (1 - 60%))) * (50 million - $40 million) * 75% = 15.63 million
w.9: New transaction deposits = Current transaction deposits + Change in bank deposits = $500 million + $15.63 million = $515.63 million
w.10: Reserve deposits at Fed = New transaction deposits * New reserve requirement percentage = $515.63 million * 8% = $41.25 million
w.11: Loans = New transaction deposits - Reserve deposits at Fed = $515.63 million - $41.25 million = $474.38 million
(a) Purchased $110 of supplies for cash. –$110 $0 (b) Recorded an adjusting entry to record use of $20 of the above supplies. enter a dollar amount enter a dollar amount (c) Made sales of $1,500, all on account. enter a dollar amount enter a dollar amount (d) Received $850 from customers in payment of their accounts. enter a dollar amount enter a dollar amount (e) Purchased equipment for cash, $2,550. enter a dollar amount enter a dollar amount (f) Recorded depreciation of building for period used, $740.
Question Completion:
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income.
Answer:
Effects of transactions on cash and net income:
(a) Purchased $110 of supplies for cash.
Cash–$110 Net income $0
(b) Recorded an adjusting entry to record use of $20 of the above supplies.
Cash - $0 Net Income -$20
(c) Made sales of $1,500, all on account.
Cash -$0 Net Income +$1,500
(d) Received $850 from customers in payment of their accounts.
Cash +$850 Net Income $0
(e) Purchased equipment for cash, $2,550.
Cash -$2,550 Net Income $0
(f) Recorded depreciation of building for period used, $740.
Cash $0 Net Income -$740
Explanation:
As stated earlier, business transactions that affect earnings do not necessarily affect cash. This fact is demonstrated in the above examples. Unless the transaction is for cash and affects a revenue or expense account, it will not affect cash and earnings at the same time. An example of a transaction that affects both is the sale of goods for cash. This will increase the cash balance as well as boasting the earnings. Another example is the cash payment for rent expense. This will reduce the cash balance as well as reduce the earnings.
hich best explains how the law of demand affects consumers?
It helps consumers know when prices are going down.
It helps consumers know when prices are going up.
It helps consumers tell producers when prices are too high.
It helps consumers tell producers when to make new goods.
Answer:
It helps consumers tell producers when prices are too high.
Explanation:
The law of demand affirms that an increase in price results in reduced demand. It means that when prices increase, consumers will buy fewer quantities of a product or service. The law of demand shows the relationship between price and the quantity of a product consumers are willing to buy in the market.
Consumers can communicate with producers through the volume of products purchased. When the quantity purchased is low, producers will know the set prices are high.
3. Aztec Furnishings makes hand-crafted furniture for sale in its retail stores. The furniture maker has recently installed a new assembly process, including a new sander and polisher. With this new system, production has increased to 90 pieces of furniture per day from the previous 60 pieces of furniture per day. The number of defective items produced has dropped from 12 pieces per day to 5 per day. The production facility operates strictly eight hours per day. Evaluate the change in productivity for Aztec using the new assembly process. Please show your work and any formulas utilized.
Answer:
77.08%
Explanation:
Calculation to Evaluate the change in productivity for Aztec using the new assembly process
Using this formula
Change in productivity =[( Increased in production- Dropped in defective items produced)-(Previous pieces of furniture per day-Dropped in defective items produced)]/-(Previous pieces of furniture per day-Dropped in defective items produced)*100
Let plug in the formula
Change in productivity =[(90 pieces per day-5 per day)-(60 pieces per day-12 pieces per day )/(60 pieces per day-12 pieces per day) *100
Change in productivity =(85-48)/48*100
Change in productivity =37/48*100
Change in productivity =0.7708*100
Change in productivity =77.08%
Therefore the change in productivity for Aztec using the new assembly process will be 77.08% Increase in productivity.
Suppose you know that a company's stock currently sells for $57 per share and the required return on the stock is 10.4%. You also know that the total return on the stock is evenly divided between capital gains yield and dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?
What is the dividend per share in Year 4?
Answer:
$2.82
Explanation:
Calculation for what is the current dividend per share
First step is to calculate the Dividend yield
Dividend yield= 1/2 (.104)
Dividend yield= .052
Now let calculate the current dividend per share
Current dividend per share=(.052*57 per share)/(1+0.052)
Current dividend per share= 2.964/1.052
Current dividend per share=$2.82
Therefore the Current dividend per share will be $2.82
From the following statements, select the one that describes the effect of dividends on equity.
a) Dividends cause assets to increase.
b) Dividends have no effect on equity.
c) Dividends cause equity to increase.
d) Dividends cause equity to decrease.
Answer: d) Dividends cause equity to decrease.
Explanation:
Dividends are payments to shareholders as a way of sharing the profit that the company made with its owners. Net profit is added to the Equity of company.
In other words, dividends cause equity to decrease because they are taken from Retained Earnings (net income) which are added to Equity. By reducing the amount of Retained earnings available therefore, dividends are reducing Equity.
d) Dividends cause equity to decrease.
DividendsA dividend is a payment made by a company to its shareholders from its profits.Dividends are payments provided to shareholders as a means of sharing a company's earnings with its owners. The net profit is added to the company's equity.d) Dividends cause equity to decrease because they are deducted from Retained Earnings (net income), which are then added to Equity. Dividends reduce Equity since they reduce the amount of Retained Earnings available.For more information:
https://brainly.com/question/13535979?referrer=searchResults
Fatima is a regional sales manager and has decided that each member of the sales team must increase his or her current sales figures by 80% within two months if they want to remain with the company. Overall, the economy for the industry has dropped dramatically and she has decided this is the best way to motivate her sales team. Which aspect of the marketing objective is Fatima failing to recognize
Answer:
Achievable
Explanation:
Marketing objectives are set to meet up with the goals of the business. Which isnto.ake profit.
The SMART approach to marketing objectives are outline below. The marketing objectives should be;
- Specific, that is a particular objective should be set. In this case Fatima has set 80% increase on current sales figures.
- Measurable, that is the objective should be quantifiable. 80% of the current performance is measurable.
- Achievable, means that the objective should be within a reasonable scope. Targets should not be set too high.
In this case the economy for the industry has dropped dramatically, so setting objective of 80% sales increase on current performance is most likely not achievable.
- Realistic, are there sufficient personel and resources to achieve the goal.
- Time specific, it must be within a defined time period. In this case 2 months was set to achieve the objective.
Summarise the following passage in on more than 60w words and supply an appropriate title:every second,1 hectare of the world's rainforest is destroyed.thats equivalent to two football fields,an area the size of new York city is lost every day.in a year,that adds up to 31 million hectares-more than the land area of poland.this alarming rate of destruction has serious consequences for the environment, scientists estimate, for example, that 137 species of plant,insect or animal become extinct every day due to logging. In British Columbia, where,since become extinct, and the habitats of grizzly bears,wolves and many other creatures are threatened. Logging, however,provides jobs,profits, taxes for the government and cheap products of all kinds for consumers, so the government is reluctant to restrict or control it.
Answer:
I don't know...
Explanation:
I'm sorry...............
When an employee is paid biweekly this means..."
They are paid every two weeks
They will receive 24 paychecks
They are paid on two specific days, such as the 14th and the 30th of every month
All of the above
Answer:
every 2 weeks
Explanation:
done,produced or occurring every 2 weeks
Which actions can be performed on tables in Word? Check all that apply.
V adding rows
Vadding columns
deleting rows
deleting columns
V changing column width
aligning tables
D converting tables to text
converting tables to graphs
Answer and Explanation:
At the time of making tables in word we can do the following things
1. Rows could be added
2. Columns could be added
3. Rows could be deleted
4. Column could be deleted
5. The width of the column could be changed
but it does not allow to convert the table into text form or in graph form
Therefore only the last option would not be covered
Please answer !!! For a lot of points
i think B is the answer,but ask another person too!
.
and tnx for points too :)
Answer:
thanks for points
Explanation:
A company that manufactures air-operated drain valve assemblies currently has $100,000 available to pay for plastic components over a 5-year period. If the company spent only $52,000 in year 1, what uniform annual amount can the company spend in each of the next 4 years to deplete the entire budget
Answer:
$18,297.31
Explanation:
The computation of the uniform amount that could be spend is shown below"
Here we determine the PMT
Given that
We assume the RATE = 10%
NPER = 5 - 1 = 4
PV = $100,000 × 1.1 - $52,000
= $110,000 - $52,000
= $58,000
FV = $0
The formula is given below:
= PMT(RATE,NPER,PV,FV,0)
The present value comes in negative
After applying the above formula, the uniform annual amount is $18,297.31
CULLUMBER COMPANY
Trial Balance
June 30, 2017
Debit Credit
Cash $ 5,240
Accounts Receivable $ 5,340
Supplies 2,150
Equipment 5,150
Accounts Payable 5,836
Unearned Service Revenue 2,550
Common Stock 11,150
Dividends 800
Service Revenue 5,630
Salaries and Wages Expense 3,530
Utilities Expense 945 $20,465 $27,856
Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors:______.
1. Cash received from a customer on account was debited for $760, and Accounts Receivable was credited for the same amount. The actual collection was for $706.
2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340.
3. Services were performed on account for a client for $900. Accounts Receivable was debited for $90 and Service Revenue was credited for $900.
4. A debit posting to Salaries and Wages Expense of $735 was omitted.
5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.
6. Payment of a $600 cash dividend to Cullumber Company's stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600.
Prepare a correct trial balance.
CULVER CO.
TRIAL BALANCE
JUNE 30, 2017
Debit Credit
Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
Unearned Service Revenue
Common Stock
Retained Earnings
Service Revenue
Salaries and Wages Expense
Office Expense
Dividends
Totals
Answer:
Realidades 2 WKBK page 109
Explanation:
Realidades 2 WKBK page 109
On the same day that the sales department at Duffin House received an order for 500 packages from the OHaganBooks Texas headquarters, it received an additional order for 150 packages from FantasyBooks, based in California. Duffin House has warehouses in New York and Illinois. The New York warehouse has 500 packages in stock, but the Illinois warehouse is closing down and has only 250 packages in stock. Shipping costs per package of books are as follows: New York to Texas: $20; New York to California: $50; Illinois to Texas: $30; Illinois to California: $40. What is the lowest total shipping cost for which Duffin House can fill the orders
Answer:
Duffin House
The lowest total shipping cost for which Duffin House can fill the orders is:
= $16,000.
Explanation:
a) Data and Calculations:
Orders received from OHaganBooks, Texas = 500 packages
Orders received from FantasyBooks, California = 150 packages
No. of packages in stock at New York Warehouse = 500
No. of packages in stock at Illinois Warehouse = 250
Shipping cost:
New York to Texas: $20;
New York to California: $50;
Illinois to Texas: $30;
Illinois to California: $40
Lowest shipping cost arrangement:
500 packages from New York to Texas at $20 = $10,000
150 packages from Illinois to California at $40 = $6,000
Total shipping cost = $16,000
Other shipping cost arrangement:
150 packages from New York to California at $50 = $7,500
350 packages from New York to Texas at $20 = $7,000
150 packages from Illinois to Texas at $30 = $4,500
Total shipping cost under this arrangement = $19,000
b) The key in making this shipping arrangement is to identify the lowest shipping cost per package. The order that attracts this shipping cost is taken first. Then identify the next lowest shipping cost that is feasible and have the order fulfilled accordingly.
Pamela, the manager of an electronics store in California, has redesigned the jobs of her sales staff so that they have the authority to resolve customer complaints without first getting the approval from management. (In the past, sales staff did not have the authority to issue refunds or replace merchandise). Which job design technique does this represent
Answer:
Job enrichment
Explanation:
Job enrichment is defined a a way of working in an organisation where the individual is motivated to employ their skill in solving problems and working with clients.
In this system employees have some autonomy on how to resolve customer problem.
Thereby fostering accountability and sense of responsibility non the staff.
In the given scenario sales staff now have have the authority to resolve customer complaints without first getting the approval from management.
This is Jobe enrichment strategy.