Answer:
Associate Real Estate Broker
Explanation:
Required: Journal entry Received Rs.18,000 from debtors and discount allowed him Rs. 2,000. please help.
Answer:
If there was a discount allowed of Rs. 2,000 then it means that the total amount the debtor was owing was:
= Cash paid by debtor + Discount allowed
= 18,000 + 2,000
= Rs. 20,000
Journal entry is therefore:
Date Account Title Debit Credit
XX-XX-XXXX Cash $18,000
Discount allowed $ 2,000
Accounts Receivable $20,000
1. If average fixed cost is 40 and average variable cost is 80 for a given output, we then know that average total cost is
Answer:
120
Explanation:
Average total cost = average fixed cost + average variable cost
average fixed cost = Total fixed cost / quantity
40 + 80 = 120
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
average variable cost = total variable cost / quantity
Variable costs are costs that vary with production. Hourly wage costs and payments for production inputs are examples of variable costs
Bardwell Manufacturing, Inc. began 15 years ago. The two co-owners now earn $300,000 per year each. Four supervisors earn $40,000 each annually and have been with the company for 10 to 11 years. Fifteen line employees earn a total of $300,000 and have been with the company from 2 months to 5 years. All employees are over age 21. The co-owners want to install a 15% money purchase plan and structure the plan in a way that maximizes their plan contributions. Which vesting schedule would be most appropriate for Bardwell
Answer:
3 year cliff
Explanation:
The most appropriate vesting schedule for Bardwell Manufacturing Inc is the 3 year cliff
Erin is a volunteer for the Red Cross and must go door-to-door seeking donations. Her strategy is to ask whoever answers the door for a donation of $50 right off the bat. If they agree, then she follows up with a second request for a $200 donation. She has found that this works better than simply asking for a $200 right away. Which formula sales presentation format does this demonstrate
Answer:
foot-in-the-door
Explanation:
Foot-in-the-door can be described as a method that people use to get another person to agree to their big request by first having them agree to a smaller one. The way this tactic works is the person making the request would first try to have a connection with the one that is to grant the request.
We can see Erin employ this tactic here. First she wants to ask for a smaller donation of 50 dollars, and when she gets her 50 dollar request, her next move would be to ask for a bigger donation. This technique is is used a lot to get people to be compliant with requests.
tahnk you !
Economists generally argue that:
A. costs of moderate inflation are nearly zero whereas high inflation is quite costly.
B. high inflation is costly, but costs of moderate inflation are not nearly as large as the public believes.
C. costs of both high and moderate inflation are quite large.
D. neither high inflation nor moderate inflation is very costly.
Answer: A. costs of moderate inflation are nearly zero whereas high inflation is quite costly.
Explanation:
Economists generally believe that moderate inflation is actually good for the economy as prices need to increase in a healthy manner overtime in order to drive consumption. This means that to them, the cost of moderate inflation is nearly zero.
This is a sharp contrast to high inflation which most economists generally believe to be costly as it reduces the savings of people as well as their real wages and welfare.
If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditors Group of answer choices should issue a qualified opinion because the missing statement of cash flows constitutes a scope limitation. can issue an unqualified report. should issue a qualified opinion due to the departure from GAAP. should include the statement of cash flows, modify the report, and issue an unqualified opinion.
Answer:
The auditor should issue a qualified report for the departure from generally accepted accounting principles.
Explanation:
A qualified opinion can be understood as the statement given by an auditor in conjunction with a corporation's audited financial statements in an auditor's report. It was an auditor's judgement that implies a firm's earnings reporting was restricted in scope or that there was a substantial fault with the implementation of generally accepted accounting standards (GAAP)—but hardly one that was widespread.
Servant leadership emphasizes the notion that Question 8 options: employees are paid to serve their leaders. leaders serve followers, rather than vice versa. leaders should be able to serve the organization by maximizing employee performance. employees are servants in the organization, so they should place organizational objectives above their personal needs.
Answer:
leaders serve followers, rather than vice versa.
Explanation:
Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.
In Business management, servant leadership emphasizes the notion that leaders serve followers, rather than vice versa.
Products produced in a competitive market are
differentiated
unique
standardized and differentiated
standardized
Answer:
Standardized
Explanation:
Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.
Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.
On September 12, Vander Company sold merchandise in the amount of $6,000 to Jepson Company, with credit terms of 4/10, n/30. The cost of the items sold is $4,200. Vander uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that Vander will make on September 12 is (are):
Answer and Explanation:
The journal entry is shown below:
Accounts receivables Dr $6,000
To Sales $6,000
(To record sales on account)
Here account receivable is debited as it increased the assets and credited the sales as it also increased the sales revenue
Therefore the above journal entry should be recorded
outline two benefits to Mohammed's business of all his workers being able to do all of the jobs in the bakery. pls help!
Answer:
1. Saved time
2. Saved cost
Explanation:
If Mohammed owns a bakery where all his workers are able to do all the jobs, he benefits because he would;
1. Save time: Time that would have been spent in outsourcing the job to people who can do them with the accompanying risks of delays and disappointments are bypassed. Time is an essential factor in business because when goods are not available on customer's demand, they might have to seek other options.
2. Save cost: Mohammed will save the additional cost of payments to businesses that do other jobs for him. He saves money when he only has to pay three workers instead of four or more workers. This will mean more profit for his business.
Cardinal Company manufactures vitamin capsules. For the month of June, Cardinal's encapsulating department had 18,000 tons in beginning inventory (with transferred-in costs of $4,400) and 81,000 tons completed inventory during the month. Further, the mixing department completed and transferred out 72,000 tons at a cost of $22,300 in June. Calculate unit cost for the transferred-in category. (Note: Round answer to two decimal places.)
Answer: $0.30 per unit
Explanation:
The unit cost for the transferred-in category is calculated as:
= (Transfer cost of beginning inventory + transfer cost of transferred out inventory) / (Beginning inventory + Inventory transferred out)
= (4,400 + 22,300) / (18,000 + 72,000)
= 26,700 / 90,000
= 0.2967
= $0.30 per unit
Scale efficiencies are the cost advantages that enterprises obtain as fixed costs are spread out over more units of output. But some companies sacrifice scale efficiencies for responsiveness to local conditions. In these companies, country managers understand local laws, customs, and tastes and can decide how to meet them and increase sales. This global strategy is called
Answer: multi-domestic strategy
Explanation:
A multi-domestic strategy refers to a strategy whereby a company responds to the local market by making and customizing their product in order to match the different national conditions.
The strategy enables the multinational's individual subsidiaries to be able to compete independently in the domestic markets. An example of a multidomestic company that uses the multidomestic strategy is Nestlé which utilizes its marketing approach for the markets where it operates as it tastes is based on the needs of the people in the country.
Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built right behind the house. The owner is concerned about the noise and other activity the freeway will bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith in this scenario
Answer:
Isabell tells the owner that this is a material fact related to the property that must be disclose to prospective buyers or Isabell will not be taking the listing
Explanation:
Good faith means honest dealing. It needs honest trust, motive, trustworthy duties, fairness, etc
So as per the given situation isabell informs the owner that it is a material fact with respect to the property and the same should be disclosed to the buyers for not taking the listing
So as per the given situation, the above statement should be considered
It's very urgent
which of the following statements about corporation is true
1) they are more common then partnerships in the U.S.
2) they are the most inexpensive form of business to start.
3) they are very easy to start
4) all business debts are the personal responsibility of the owners
Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
a. A challenging job at an organization that raises the bar in data security b. An entry-level position in the marketing area with a possibility of promotion c. Serving as a team player in a company where independent thinking is a top priority d. An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits, and governmental tax and records reporting
Answer:
d. An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,
Explanation:
THE QUESTION IS THAT
Which of the following is the best career objective for a résumé?
Career objective can be regarded as a personal statement that gives definition of the specifics that one wish to attain in his/her profession.
A resume objective can be regarded as optional part that is been written in a resume which states or specify the career goals as well as outlines ones best skills. It should be noted that one of the best career objective for a résumé is An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,
When a transfer has no effect on fixed costs, to be acceptable to the selling division, the transfer price must ______. Multiple select question. cover any opportunity cost from lost sales cover a reasonable portion of the selling division's fixed costs cover any lost contribution margin due to the transfer equal the product's normal selling price cover the variable costs per unit
Answer:
• cover any opportunity cost from lost sales
• cover any lost contribution margin due to the transfer
• cover the variable costs per unit
Explanation:
A transfer is done from one division in a company to another.
When such is done, the transfer price should cover any opportunity costs that the division doing the transferring would be incurring to do so that way they would not make an economic loss.
Lost contribution margin should be covered as well for the same reason which is avoidance of cost.
Variable costs have to at least be covered so that the division does not make an accounting loss.
Smith, an individual calendar-year taxpayer, purchased 100 shares of Core Co. common stock for $15,000 on December 15, Year 1, and an additional 100 shares for $13,000 on December 30, Year 1. On January 3, Year 2, Smith sold the shares purchased on December 15, Year 1, for $13,000. What amount of loss from the sale of Core's stock is deductible on Smith's Year 1 and Year 2 income tax returns
Answer:
Year 1 = $0Year 2 = $0Explanation:
Stock was sold in year 2 so there is no loss that would be deductible from Smith's Year 1 income tax returns.
In year 2, the stock was sold for $13,000 even though it was bought for $15,000. There is therefore a loss of $2,000.
This $2,000 results from a wash sale however so it will not be deductible. A wash sale is used to describe a scenario where stock from one transaction is sold but was the investor buys that same stock in another transaction 30 days before or after they sold the former.
As Smith purchased another $13,000 worth of stock merely 16 days before he sold the first batch, this is a wash sale and its loss is not deductible.
In your own words define the term accounting and its usage.
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.Pelican Bay Apartments is a complex consisting of 80 units. The units are available in studio and one-, two-, and three-bedroom apartments. Kimberly Bracco is the property manager of Pelican Bay. She has decided to stay in her condo and not reside at Pelican Bay. She is also pursuing her California real estate license as she manages the property. Is anything wrong with this scenario
Answer:
Yes
Explanation:
According to California law an onsite manager is required for an apartment complex that has more than 16 rental units.
In the given scenario Pelican Bay Apartments is a complex consisting of 80 units. The units are available in studio and one-, two-, and three-bedroom apartments.
Kimberly Bracco is the property manager and has decided to stay in her condo and not reside at Pelican Bay which is off site.
However if she is to be off site then she will need a broker's licence.
Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lake. Then Stan started selling tickets to people who wanted to go swimming in the lake. When Stan died, he left the lake and the land it was on to the state, stipulating that the lake be left open to the public for swimming. Due to the lake’s remote location, it was never crowded. After Stan died, the lake became a ______ good.
Answer:
public
Explanation:
A public good is a good that is non excludable and non rivalrous.
An individual's access to the pool does not limit another person's access
Also, the pool is free, so it is non excludable
Before his death, the pool was a private good
A private good is a good that is excludable and rivalrous.
Bauer's Supply Chain Management Student Organization provides networking opportunities and dinner meetings with hiring managers, Supply Chain Management focused resume workshops and mock interviews facilitated by hiring managers of the companies that hire our students, Supply Chain Management Only recruiting events and job fairs, as well as fun social events. And they have events that are open to all majors as well. If you are considering becoming a Supply Chain Management major, this organization will help you to learn more about the major and will prepare you to be successful in your job search and career. The name of Bauer's Supply Chain Management student organization is:
Answer:
Bauer SPO
Explanation:
Bauer SPO is a primer student organization of the supply chain and management at the university of Houston C.T. Bauer College of Business.The name of Bauer's Supply Chain Management Organization is the Bauer Sourcing & Procurement Organization (BSPO).
The BSPO is a student organization at the University of Houston that is centered upon Supply Chain Management.
They are known to provide networking opportunities to students by:
organizing dinner meetings with hiring managersorganizing resume workshops and mock interviews organizing job fairs and social eventsIn conclusion, the BPSO is therefore very valuable to students as it helps them secure employment after schooling.
Find out more at https://brainly.com/question/17010990.
A country's current national savings and investment identity is expressed in algebraic terms as X-M = S + (G-T) - 1. In this instance:
A. there is an inflow of capital investment from the rest of the world economy.
B. there is no connection from domestic savings and investment to the trade balance.
C. the trade balance is determined by performance of certain sectors of the economy.
D. private and public domestic savings are higher than domestic investment.
Answer:
The answer is "Option A".
Explanation:
The present national reinvestment identity of a nation is expressed as [tex]X-M = S + (G-T) - 1.[/tex] In mathematical terms Inside this example, all remainder of the said world economy would be inflowing capital expenditures.
Capital investment from all around the world is coming in.
CurrentAccount and Investment Saving
[tex]C=consumption\\\\ I= investment\\\\ G=government\ spending\\\\ (X-M) = foreign \ net \ demand[/tex]
So, the [tex]CA = GNP (C+I+G)[/tex]
Domestic savings are greater than the corresponding investment, both private and public.
The rate of pay rises when capital investment exceeds anticipated saving in a given year. With a larger salary, more money can be saved, and so therefore planned saving equals intended investments. And from the other hand, when projected saving exceeds planned investments over a time, income levels decline.
So, Option "D" is the correct answer to the following question.
Learn more:
https://brainly.com/question/15567481?referrer=searchResults
what skills does a farm manager need?
Answer:
Strong decision-making.
Problem-solving.
Communication.
The ability to work with people.
Leadership.
Administration skills.
Knowledge of key equipment practices.
Explanation:
They need to have free time. Without that free time...When will you be able to feed the plants? When will you be able to groom your horse? It also costs A LOT!! Because of the farm animals.
These are quite obvious but just in case I am going to list these for you:
Cow
Horse
Chicken
Donkeys (Optional)
Cats (Optional)
Peacocks (Very Optional due to the prices)
Sheep
Dogs (For the mice. Dogs have a supreme sense of smell. They can sniff out the mice.)
General Snacks is a typical firm in a market characterized by the model of monopolistic competition. Initially, the market is initially in long-run equilibrium, and then there is an increase in demand for snacks. We expect that: Group of answer choices in the long run, new firms will enter the market. there will be a short-run increase in the number of firms, but in the long run the number of firms will return to the original level. firms will leave the market in the long run. firms will shut down, but they will not leave the industry in the long run.
Answer:
Firms will leave the market in the long run.
Explanation:
Firms will leave the market in the long run.
Generally, the new firms enters in the market because the incumbent firms makes super normal profit. So in the long run, the continuous entry of firms will make the profit zero. Thus, when there is zero profit in the long run then the firms will start leaving the market and the demand for remaining firms will start rising because when firms start leaving the market then supply falls.
When Jorge became one of three final candidates for a managerial position with a large pharmaceutical company, the hiring manager scheduled a special meeting with him. The two talked about the stressful deadlines and heavy travel required of the position, as well as the compensation and benefits. Jorge appreciated that the hiring manager took the time to provide a(n) _________.
Answer:
Realistic job preview
Explanation:
Realistic Recruitment
This is made presents to outsiders with all good information without error or ommission.
Realistic Job Preview (RJP)
This is regarded as any attempt by the organization to give an accurate (both positive and negative) description of the relevant aspects of the job and organization. It is important because it gives an applicant realistic expectations about the job. This in turn should increase employee job satisfaction and reduce turnover.
Government spending in the United States has grown over time and now accounts for more than 40 percent of U.S. national income. Does this mean that government has been consistently running a budget​ deficit? A. ​No, government deficits also depend on the national debt. B. ​Yes, government deficits are a direct result of government spending over time. C. ​No, government deficits depend upon spending and tax revenue. D. ​Yes, as government spending has​ increased, deficits have become inevitable.
Answer:
C. No, government deficits depend upon spending and tax revenue.
Explanation:
Since government spending grown over the time for more than 40% so here it does not mean that the government should be consistent runs a budget deficit as the government deficit based on the spending and the revenue generated through tax
So as per the given situation, the option c is correct
A company factored $45,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a: A. Debit to Cash of $45,000, a debit to Factoring Fee Expense of $1,350, and credit to Accounts Receivable of $43,650. B. Debit to Cash of $45,000 and a credit to Accounts Receivable of $45,000. C. Debit to Cash of $43,650, a debit to Factoring Fee Expense of $1,350, and a credit to Accounts Receivable of $45,000. D. Debit to Cash of $46,350 and a credit to Accounts Receivable of $46,350. E. Debit to Cash of $45,000 and a credit to Notes Payable of $45,000.
Answer:
C. Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000
Explanation:
Assuming the company factored the amount of $45,000 of its ACCOUNTS RECEIVABLE and was charged a 3% FACTORING FEE. The appropriate journal entry to record this transaction would include a:Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000
Debit Cash $43,650
(97*$45,000)
Debit Factoring Fee Expense of $1,350
($3%*45,000)
Credit Account Receivable $45,000
China allows U.S. companies to ally with Chinese firms by purchasing minority ownership positions in the Chinese firms. These relationships are called
A) joint ventures.
B) network strategies.
C) equity strategic alliances.
D) nonequity strategic alliances.
Answer:
C) equity strategic alliances.
Explanation:
100% correct
In preparing its bank reconciliation for the month of April 2018, Crane, Inc. has available the following information. Balance per bank statement, 4/30/18 $78200 NSF check returned with 4/30/18 bank statement 950 Deposits in transit, 4/30/18 9600 Outstanding checks, 4/30/18 10300 Bank service charges for April 50 What should be the adjusted cash balance at April 30, 2018
Answer:
the adjusted cash balance is $77,500
Explanation:
The computation of the adjusted cash balance is shown below:
Adjusted cash balance = balance pler bank statement + deposit in transit - outstanding checks
= $78,200 + 9,600 - 10,300
= $77,500
Hence, the adjusted cash balance is $77,500
The same should be considered and relevant
12. One of the seven factors given to help minimize the chances of setting unfair wages and salaries is that a. If wages conform with the law, they are fair wages. b. A fair wage is whatever an employee is willing to accept. c. An employer's financial capabilities affect what constitutes a fair wage scale for that employer's employees. d. Avoiding the prevailing wage in the industry and community wage level.
Answer:
C. An employers financial capabilites affect what constitutes a fair wage scale for that employers employees
Explanation:
