Assuming that the mid-quarter convention did NOT apply, the amount of depreciation he is allowed to take in the second year of the asset's life, assuming he elected NOT to take bonus depreciation in the first year is $16,000.
What is depreciation amount?The accounting technique of spreading out the cost of a tangible asset over its useful life is known as depreciation. The amount of depreciation shows how much of an asset's value has been utilized. By purchasing assets over a predetermined period of time, it enables businesses to generate income from the assets they own.
Depreciation is the systematic reduction of a fixed asset's recorded cost over time, until the asset's value is zero or insignificant, according to accounting terminology. Buildings, furniture, office supplies, machinery, etc. are examples of fixed assets.
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true or false? having more billing owners makes it easier for a company to manage its technology stack or platform.
A tech stack is the combination of applied sciences a company uses to construct and run an software or project.
Sometimes known as a “solutions stack,” a tech stack commonly consists of programming languages, frameworks, a database, front-end tools, back-end tools, and applications related by APIs.
What is an example of a tech stack?To put it simply, a tech stack is a mixture of software, programming languages, frameworks, and facts storage technologies with which developers can construct and run a single application. , for example, uses a combination of frameworks and languages consisting of JavaScript, HTML, CSS, PHP, and ReactJS
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https://brainly.com/question/13152669#SPJ4assume that simple company had credit sales of $245,000 and cost of goods sold of $145,000 for the period. simple uses the aging method and estimates that the appropriate ending balance in the allowance for doubtful accounts is $2,500. before the end-of-period adjustment is made, the allowance for doubtful accounts has a credit balance of $200. required: what amount of bad debt expense would the company record as an end-of-period adjustment?
The corporation would record the $2,300 bad debt expense as an end-of-period adjustment.
What are bad debt costs?
A bad debt expense is recognized when a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial troubles. Credit-granting businesses include bad debts in their allowance for doubtful accounts, also known as a provision for credit losses, on their balance sheet.
Bad debt costs are typically listed on the income statement as sales and general administrative expenditures. When bad debts are recognized, accounts receivable on the balance sheet are decreased, but businesses still have the opportunity to collect money if the circumstance changes.
Calculation:
According to the scenario, computation for the given data is as follows:
Ending balance in Allowance for doubtful accounts = $2,500
Credit balance in Allowance for doubtful accounts = $200
Bad debt expense then equals the final total - Credit standing
= $2,500 - $200
= $2,300
So, the Journal entry is as follows:
Bad debt Expense A/c Dr. $2,300
To Allowance for doubtful A/c $2,300
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the custodian of a $615 petty cash fund discovers that the fund has $117.50 in coins and currency plus $481.50 in receipts at the end of the month. the entry to replenish the petty cash fund will include:
The entry to replenish the petty cash fund will include $497.50 as reimbursement and credit to cash
Define Petty cash fund.A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff members and guests to get reimbursed for little costs, often under $25, such as cab tickets, stamps, office supplies, etc.
When a petty cash fund is in use, the expenses paid with it are noted when the fund is refilled. A current asset that appears on the balance sheet as a debit is petty cash. To deposit money into the petty cash account, an accountant will normally issue a check payable to "Petty Cash" and cash it at the business bank.
A credit to Cash for $387.50.
$615 - $117.50 - $481.50 = $16.00 cash shortage
$481.50 + 16.00 = $497.50 reimbursement and credit to cash
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barnard bike shop sells a bicycle to a customer for $600. barnard offers to sell three tune-ups over the next three years for a total price of $150. the customer decides to purchase the tune-ups and pays a total of $750. barnard uses the adjusted market approach. required: allocate the transaction price to the performance obligations
In the adjusted market approach, prices are divided between goods and services based on how much a customer is willing to pay for them.
The customer is willing to pay 600 for a bicycle and 150 for maintenance. Therefore, these should be divided as follows: bicycle tune-ups $150 and bicycle sales $600
What exactly is an adjusted market strategy?
The entity employs the adjusted market assessment strategy by assessing the market in which it sells products or services and estimating the price that a customer in that market would be willing to pay for those products or services.
How is adjusted market value calculated?
The MVA would be calculated by subtracting one from the total after adding one to the purchase index, dividing that number by one, and adding one to the index for today when you withdraw. Therefore, you would have a negative 1.9% return if the purchase index were 2% and the current index at the point of withdrawal is 4%.
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Which one of the following is NOT an effective approach to cost-cutting that will aid company efforts to achieve a competitive advantage based on lower overall costs per pair sold than rival companies?
Pursuing actions in each production facility that result in low labour costs per unit produced ideally the company's labour costs per pair produced in those geographic regions where it has production facilities should be at or very close to the industry-low in the benchmarks on p. 6 of the FIR.
What are labour costs?Labour costs represent the total expenditure incurred by employers for the employment of employees. They represent the cost of the salaries labour force, which is why they are sometimes referred to as salary costs.
Labour costs in addition to gross wages, include the social contributions payable by the employer social security, unemployment, pension, provident scheme, severance pay whether compulsory, conventional or optional, but net of exemptions, in particular reductions in social security contributions.
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true or false? in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer
This statement is False, in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer.
The goal of need satisfaction selling is to satisfy the customer. The salesperson investigates the needs of the customer, both their spoken or stated wants and their unspoken or implicit needs, and then plans his sales pitch or presentation accordingly.
This method also goes by the name of need fulfillment. For instance, providers of set-top boxes like Tata Sky, Sun Direct, and others practice need satisfaction selling. To accommodate the needs of various consumer types, they provide several packages. They also provide unique bundles that let the customer select the channels they want based on their interests and then receive that specific package. Here is where need fulfillment selling is relevant.
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company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called .
Company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called strategic goals.
Strategic goals are the particular financial and non-financial objectives and achievements that a firm intends to attain over a certain time period, often the next three to five years.
As an example, if you want to enter new markets, you might establish a target of entering X, Y, and Z markets by a given date. You might even establish a target of having 15 regional markets by a certain date.
Customer insights, a SWOT analysis, your corporate values, your organization's competitive advantages, specific targets on a quarterly or yearly timeframe, and a high-level project roadmap, if you have one, should all be included in your strategic plan.
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what is the present value of $12,750 to be received 2 years from today if the discount rate is 6 percent?
$11,347.45 is the present value of the investment if the discount rate is 6 percent.
What is investment?Financial commitments made to acquire assets in the expectation that their value will increase over time are known as investments. Loss of a current resource, such as time, money, or effort, is necessary for investment. Foreign exchange risk also applies to savings accounts held in foreign currencies. If the currency of the savings account is different from the account holder's home currency, there is a chance that the exchange rate will change unfavorably and cause the value of the savings account to decline when expressed in the account holder's home currency. Risk exists even when investing in physical assets like real estate. Investments typically involve more risk than savings do, both in terms of the range of potential risk factors and the degree of uncertainty involved.
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matics A
Select the correct answer from each drop-down menu.
The function f(x) = 500(1+2015)4 models the balance in a savings account.
The savings account had an initial balance of
and compounds
Reset
Next
at an interest rate of
Answer:
50%
Explanation: i worked out the problem and got that answer
in the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is that it frees macroeconomic policy from taking care of the exchange rate. this is also the weakest argument. explain.
Weakest argument the freeing of monetary policy from the task of maintaining an exchange rate creates a lack of external discipline on monetary policy and leads to an overreliance on inflationary policies to satisfy domestic economic needs.
The black swan is named after the classic fallacy of induction, which assumes that all swans must be white, because all swans an observer sees are white. This is an example of a weak inductive argument. For thousands of years it has been generally accepted that all swans are white.
A weak argument is a non-deductive argument that is unlikely to support its conclusion.
Weak arguments are illogical, unrealistic, and irrelevant arguments. Even extreme statements and examples are weak arguments. These may not be directly related to the question and are weak elements of the argument. Such arguments may be opinion-based, vague, or unnecessary.
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Given your answers to the previous task, indicate whether each of the following is considered money in the U.S. economy.1. U.S. dollar bill2. Japanese yen3. Diamond4. Plastic credit card
The U.S. dollar bill is considered money in the U.S. economy. Thus, option '1' is the correct option.
What is considered US currency?The official money of the United States of America is the USD (United States dollar). One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the sign $ or US$.
The most common currency used in transactions worldwide is the U.S. dollar, which is regarded as a standard. Additionally, numerous nations outside of the United States utilize it as their official currency, and many more use it in addition to their own as an unofficial currency. Demand notes, the first greenbacks, were produced to pay for the 1861 Civil War. Because of their green tint, they were known as "greenbacks."
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which of the following statements is true of selection criteria for projects? multiple choice question. they are typically identified as nonfinancial and not financial. they are typically only identified as financial. they are typically identified as financial and nonfinancial. they are typically identified as financial and not nonfinancial.
Selection criteria for projects, are typically identified as financial and non-financial.
Costs, deadlines, public opinion, evident needs, and varying levels of quality are typical examples of decision-making criteria.
Accurate and Unambiguous, which means that there is a precise and clear connection between the requirements and the actual effects. Comprehensive but succinct, that is, they cover the full range of pertinent consequences without adding unnecessary detail to the evaluation framework, which is still organized and manageable criteria .
Financial is a noun that refers to or involves money. The business is having financial issues. Budgeting, business, and economics are synonyms. More financial equivalents. Finance is the study and practice of money, money-related instruments, and capital assets. The study of the creation, transfer, and consumption of money, assets, goods, and services is known as economics. However, the two are not the same thing.
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which of the following is included in gdp? multiple choice welfare payments received by some households payments received from selling stocks in one's portfolio cash gifts from relatives during the holidays fees received by stockbrokers
The following is included in GDP Fees received by stockbrokers.
The fee a stockbroker earns at the sale of monetary gadgets is protected in GDP, so if a stockbroker sells $10,000 in shares this 12 months and charges $two hundred in commissions (fees), then the $two hundred is protected on this 12 months's GDP, however the $10,000 is not. The calculation of a country's GDP encompasses all personal and public consumption, authorities outlays, investments, additions to personal inventories, paid-in creation costs, and the overseas stability of trade. (Exports are delivered to the fee and imports are subtracted).
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when ann was traveling outside of the united states, she found the perfect souvenir. unfortunately for ann, when she tried to make the purchase with her debit card, she was told that the transaction was denied. this happened because at that time ann had only $200 in her checking account, even though she had $900 in a savings account at the same bank. the souvenir cost $300. ann was very disappointed and regretted having to pass up the purchase. what could ann have done prior to her trip to ensure that she could spend more than what was in her checking account?
She enhanced the overdraft protection in her bank account.
Explanation:
Banks provide overdraft protection as a type of credit facility. The capability enables transactions like checks, electronic payments, and transfers to proceed even when there are not enough money in the account. Bounced payments are protected from by overdraft protection, which carries severe penalties.
Having a debit card is Ann. She is limited to using the money in her accounts when she shops. Automatic credit is not a feature of debit cards. Ann ought to have turned on her debit card's overdraft protection. So that the debit card could withdraw funds from her savings account, she would have connected her savings account to her checking account. Overdraft protection is available for savings accounts.
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brice co. purchases land in order to drill oil. this oil field would be classified as a(n) on the balance sheet.
Brice co. purchases land in order to drill oil. this oil field would be classified as a natural resource. on the balance sheet. An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement.
One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date. A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement.
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would you consider the price elasticity of demand for toilet paper to be elastic or inelastic? why?2. what are some of the non-price determinants (factors) of demand and non-price determinants (factors) of supply for toilet paper?3. what are some of the determinants of supply for toilet paper?4. what do you feel were the most impactful contributing factors to the toilet paper shortage of 2020?
Relatively inelastic consider the price elasticity of demand for toilet paper to be elastic or inelastic.
Relatively inelastic demand is one when the percentage change produced in demand is less than the percentage change in the price of a product. For example, if the price of a product increases by 30% and the demand for the product decreases only by 10%, then the demand would be called relatively inelastic.
Relatively inelastic demand means that there will be more change in the price of a good or service than in the demand for that good or service.
Electricity, gas, oil, and water are all relatively inelastic because consumers rely on these as necessities rather than luxuries.
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you buy a 12-year 10 percent annual coupon bond at par value, $1,000. you sell the bond three years later for $1,100. what is your rate of return over this three-year period?
You buy a 12-y 10% annual coupon bond at par value, 1,000$. you sell the bond three years later for 1,100$. 40% is the rate of return over this 3 year period.
A bond is a type of security used in finance under which the issuer owes the holder a debt and is required, depending on the terms, to repay the bond's principal at maturity as well as interest over a predetermined period of time. A bond is a loan made by the bond buyer, often known as the bondholder, to the bond issuer. When they require funding, firms, municipalities, and government entities all issue bonds. A buyer of a government bond is effectively lending money to the government. An investor who purchases a corporate bond is effectively making a loan to the company. There are four different types of bonds that can be categorized: corporate, municipal, government, and agency bonds. Bond prices and coupon rates have an inverse relationship.
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storico company just paid a dividend of $3.65 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the stock price is $67.25, what required return must investors be demanding on the company's stock? (hint: set up the valuation formula with all the relevant cash flows, and use trial and error to find the unknown rate of return.) (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The required return must investors be demanding on the company's stock is 71.03
D0 = 3.65
D1 = 3.65( 1+ 0.20) = 4.38
D2 = 4.38( 1+ 0.15) = 5.037
D3 = 5.037( 1+ 0.10) = 5.5407
Value of Stock = D/(1+r) +D2 / (1+r)²+ D3/(1+r)³ D3(1+G)/ r-G + (1+r)3
where r = 0.12
G = 0.05
= 4.38 (1 +0.12) 5.037 + (1 +0.12) 5.5407 + (1 + 0.12) + 5.5407(1+0.05) 0.12-0.05 (1 + 0.12) 3
= 71.03
The shares that make up a corporation or company's ownership are known as stock in the financial world. In proportion to the total number of shares, one share of stock represents fractional ownership in the company.The ownership certificates of any company are referred to as "stocks" in general.
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gorgo works as a sales representative. she did not achieve her monthly required sales goals, so she made a series of entries in her records to show that she had more sales than she actually did. this is known as .
This correct answer is false entries.
Entering false information that does not truly exist on a record is what this is referred to as.
When her scam is detected, it could cost her her job. She does not respect work ethics, as evidenced by this.
Accounting fraud requires a company to intentionally misrepresent financial records. Think about a company that creates an estimate that needs to be updated later.
Due to the fact that the mistakes were not intentional, there was no accounting fraud. Now imagine that the CEO of a publicly traded corporation purposefully misrepresents the firm's prospects.
That CEO might face fraud charges from the Securities and Exchange Commission (SEC). However, because no financial records were manipulated, it is not accounting fraud.
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what principle of corporate governance requires public clarification of the roles and responsibilities of board and management in order to provide stakeholders with a level of accountability? disclosure and transparency shareholder rights integrity and ethical behavior interests of other stakeholders
Disclosure and transparency requires public clarification of the roles and responsibilities of board and management in order to provide stakeholders with a level of accountability.
The term "good corporate governance" refers to a set of strategic management practices and procedures that give business organizations (companies) strong management, strict guidelines and controls, and assurance that every decision is made in the best interests of shareholders and other stakeholders.
There are four main principles of good corporate governance and these include the following:
AccountabilityTransparencyFairnessResponsibilityUnder good corporate governance, transparency is a principle which requires that all meaningful information, processes, and data records are accurately made available to shareholders and stakeholders on a timely basis.
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belinda wants to sign up for a streaming service to watch movies and other programs. after much thought, she decides to subscribe to netflix. shortly after having done so, belinda hears her friends talking about a great series they are watching on amazon prime. belinda now wonders whether she made the right decision. what part of consumer behavior does this represent?
Answer: Cognitive Dissonance
Explanation: This is the correct answer, I found it on Quizlet.
a manufacturer does not need to inspect and test any purchased components used in the final product to avoid product liability.
False: In order to avoid product responsibility, a manufacturer is not required to check and test any purchased components utilized in the finished product.
Which argument in a strict product liability case asserts that a manufacturer is not required to alert customers to risks that are widely recognized?Intelligent User: The manufacturer is not required to notify specific consumers if they are aware of a specific risk or should be aware of it.
What body of law underlies product liability?Product liability lawsuits are typically brought under the doctrines of negligence, strict liability, or warranty breach and are based on state law. Additionally, each state will have a set of commercial statutes that are based on the Uniform Commercial Code and contain warranty guidelines that affect product liability.
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darnold is developing a business message that he hopes will convince his colleagues to keep common areas clean. he wants to focus on employees' shared efforts, interests, and problems. which voice should darnold use?
Darnold is developing a business message that he hopes will convince his colleagues to keep common areas clean. He should use we-voice.
We-voice is a useful tool for concentrating on shared initiatives, passions, and issues. It works especially effectively for internal company communications.
The we-voice stresses the writer's common interests with the reader in a business communication. Although voice can be difficult to define, it is simple to identify.
We frequently say, "Don't use that tone of voice," in reaction to sarcastic, irate, or other improper tones. We might also reply to an email adversely and in an unprofessional manner.
Contrarily, a professional voice reflects favorably on the topic, audience, and writer and generates a favorable reaction from the reader. Make use of everyday language and stay away from negativity to develop this voice.
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what monopolositc competitors demand curve is more elasticticity than a pure competitor or a pure monopolouist
The demand curve of a monopolistic competitor is more elastic than that of a pure rival and less elastic than that of a pure monopolist. In contrast to a monopoly where there are no near replacements, a monopolistically competitive firm's demand curve is substantially more elastic since substitutes exist.
Does monopolistic competition have an elastic demand curve?In monopolistic competition, a firm's demand curve is downward sloping, as opposed to perfect competition, in which the firm's demand curve is fully elastic. This is because businesses have the power to raise prices without alienating their whole customer base. A monopolistic competitor faces a downward-sloping demand curve, not a flat one, which allows it, like the monopoly, to raise prices without completely losing market share.
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costs are allocated to cost objects in many ways and for many reasons. which one of the following is a purpose of cost allocation? a. evaluating revenue center performance. b. measuring income and assets for external reporting. c. budgeting cash and controlling expenditures. d. aiding in variable costing for internal reporting.
Measuring income and assets for external reporting. An important aspect of every company's profitability is cost allocation.
The correct answer is option [B].
What is the cost allocation ?Considering direct and indirect costs, such as manufacturing labor and tiny quantities of supplies, is a step in the cost allocation process.
Business owners use cost allocation to determine profitability for the purposes of financial reporting. To keep the business's finances on track, costs are assigned, or divided, into numerous categories based on the parts of the organization they impact.
Materials, shipping, and marketing expenses would all be included in the cost allocation for a modest clothes store. Consistently calculating these expenses would assist the store owner make sure that sales profits exceed store operating expenses. If not, the owner would've been able to decide right away where to increase prices or cut spending.
Cost allocation is the process of relieving the cost centers of shared service organizations that offer a goods or services. Internal clients' cost centers that use the goods and services are then given credit for the related charge.
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in which market structure do the actions of a rival have a significant impact on your operations? oligopoly monopoly perfect competition monopolistic competition
In monopolistic competition the market structure do the actions of a rival have a significant impact on your operations.
What is monopolistic competition and in which market structure do the actions of a rival have a significant impact on operations?Monopolistic competition is the competition in the market in which numerous producers compete against each other .The competing producers compete against each other but the selling fraternity are differentiated from each other.Here the question is asked of the market structure doing the actions of a rival having significant impact on your operations.Monopolistic competition is a competition in the industry of market and business that is covered all over by competing companies.Hence the market structure doing the actions of a rival having significant impact on operations is monopolistic competition.To know more about market visit:
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what are immunization coalitions? individuals within an accountable care organization (aco) who oversee immunization services organizations that were formed to manage emergency preparedness vaccination activities committees that develop vaccination recommendations for the advisory committee on immunization practices (acip) to consider groups that foster collaboration among stakeholders within a community as a means to increase immunization rates
Organizations that were formed to manage emergency preparedness vaccination activities are the Immunization coalitions.
In order to safeguard portfolio values from changes in interest rates, immunization is a risk-mitigation method that aligns the duration of assets and liabilities.Cash flow matching, duration matching, convexity matching, and trading bond futures, options, and forwards can all be used to immunize an investor.The drawback of portfolio immunization is giving up the opportunity cost if the value of the assets rises while the value of the liabilities does not.Large businesses and institutions benefit from immunization to shield their portfolios from vulnerability to changes in interest rates. A flawless immunization plan allows businesses to almost ensure that changes in interest rates will have little to no effect on the value of their portfolios.Learn more about Business, here
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the distinctive color, furniture, labels, logos, and employee uniforms that might be used by a company are known as its:
A color scheme will never be protected by a trademark.A company's distinctive color, furniture, labels, logos, and employee uniforms are known as its:a brand name.
What is a trademark?
Any word, phrase, symbol, design, or combination of these that identifies your products or services is considered a trademark.It is how customers distinguish you from your rivals and recognize you in the market.Trademarks and service marks can both be referred to as "trademarks."
What is a trademark or copyright?
A trademark protects items that distinguish one company from another, whereas a copyright protects original works.A trademark is established by common use of a mark in the course of business, whereas copyright is generated automatically upon the creation of original work.
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Which journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August?
A. Inventory Cr 1,000
B. Inventory Dr 1,000
C. Cash Dr 1,000
D. Cash Cr 1,000
Journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August Inventory Dr 1,000. Option B
What is a journal entry?Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.
An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances. The entry in the journal may include multiple recordings, each of which may be either a debit or a credit depending on the circumstance.
Each entry in the journal provides information that is pertinent to a single transaction made by a company.
This information includes the date, the amount that will be credited and debited, a short description of the transaction, and the accounts that will be impacted.
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what percentage of the wages of male and female employees difered in the marketing industry, as of the 1990s
Wages of male and female employees differed in the marketing industry in the 1990's by 54%.
What are wages?A wage is money paid to an employee by their employer for labour completed over a certain amount of time. Wage payments include remunerative payments like rewards and tip payouts as well as compensation payments like the minimum wage, prevailing wage, and annual bonuses. Say you have a worker who receives $20 per hour of work. They worked a total of 80 hours throughout a two-week pay period. Wages and salaries are the compensation given to employees for work done on their behalf or for services rendered. In general, an employer is not allowed to withhold pay or any portion of them unless specifically allowed or mandated by law.
Hence, Wages of male and female employees differed in the marketing industry in the 1990's by 54%.
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