Maxie's Game World sold games to a customer on credit for $2,600, terms 1/10, n/30 and the cost of the games was $1,700. When recording the collection from the customer made withi n the discount period, in its cash receipts jounal, Maxie's would enter: A) S2,574 in the Cash Dr. column, $26 in the Sales Discount Dr. column and $2,600 in the Accounts Receivable Cr.column. B) $2,600 in the Cash Dr. column. $2,600 in the Sales Cr. column, and $1,700 in the Cost of Goods Sold Dr/Inventory Cr.column. C) $2,600 in the Cash Dr. column and $2,600 in the Accounts Receivable Cr.column. D) $2,600 in the Accounts Receivable Dr/Sales Cr. column and $2,600 in the Cash Cr. column E) $2,574 in the Cash Dr. column and $2,574 in the Accounts Receivable Cr.column.
Answer:
A) S2,574 in the Cash Dr. column, $26 in the Sales Discount Dr. column and $2,600 in the Accounts Receivable Cr.column.
Explanation:
In the case when we have to record the collection from the customer within the discount period so the following journal entry should be made
Cash Dr $2,574
Sales discount Dr $26 (1% of $2,600)
To Account receivable $2,600
(Being collection is recorded)
Here the cash and sales discount is debited as it increased the assets and it reduced the sales on the other hand the account receivable is credited as it decreased the assets
If you have $21,000 in your FDIC insured bank account and your bank goes bankrupt, you will receive
A. $5,000
B.12,000
C.21,000
D.$42,000
E.Nothing
Noah’s family has been out of control with their spending lately. They have decided to come up with a spending plan to help them manage their money. What is Noah’s family going to create?
A. a personal financial statement
B. a stock portfolio
C. a budget
D. a net worth statement
Answer:
The correct answer is C. A budget.
Explanation:
A budget is a document whose function is to organize the money flows of a certain organization, reflecting the financial effects of the different decisions that the organization makes. Thus, the budget is a coordination between the wants and needs, and the economic possibilities that the organization has to meet those wants and needs. In addition, a budget allows to determine economic and financial objectives, and control the entry and exit of money efficiently, to avoid certain unnecessary expenses, thus optimizing the return on money.
Correct Answer: a budget
The _____ is the most important factor to consider when selecting a credit card if you do not pay the balance on your credit card every month.
annual fee
over-the-limit fee
APR
late fee
Answer:
APR
Explanation:
If you dont pay off the balance each month, you are most concerned with the interest rate charged (apr)
Answer:
APR
Explanation:
The APR is the most important factor to consider when selecting a credit card if you do not pay the balance on your credit card every month.
Lev Knossos sells high tech equipment and software to companies in Greece. When he first started selling to Greek businesses, he was told that the Greek market lagged behind others in the use of technology. After conducting research, Knossos visited the Commercial Bank of Greece and explained how his products could create Web pages for the bank and facilitate banking transactions. By applying his product knowledge to solve a technology issue that he identified, Knossos took the role of: Tactical partner. Creative problem solver. Low-involvement decision maker. Transactional partner. Exchange creator.
Answer: Creative problem solver
Explanation:
Creative problem-solving refers to the process of finding a solution to a problem that doesn't have a solution before. It is an previously unknown and an original solution to a problem.
Creative problem solving is when an individual gets creative in order to develop new ideas and therefore get the solutions to the problems encountered.
Since Knossos visited the bank and explained how his products could give the bank solution to help facilitate banking transactions, he's a creative problem solver.
In the chapter about owning versus leasing, one set of examples compares the cost of owning versus the cost of leasing for Southside Clinic, a not-for-profift organization. The net advantage to owning (versus leasing) for Southside amounted to $676. The difference between the two methods of financing: A) is so small that it might be disregarded. B) may be considered as a nearly neutral comparison between the two methods. C) is so small that it might be disregarded and may be considered as a nearly neutral comparison between the two methods. D) None of these is correct
Answer:
The correct answer is D) None of the above options are correct.
Explanation:
In making a decision about whether to own or lease a property, if the cost of ownership is only slightly higher than leasing, financial intelligence requires that the company, or business or entity or person checks to see if the property is an income is generating one.
If yes, then it's should be considered for purchase
If the asset is not income-generating but plugs a cost leakage, it can also be considered if the value can appreciate in value.
It only becomes advisable to lease the assets if:
the cost of purchasing the property far outweighs the cost of leasing as well as the current capacity of the Clinic;It's an assets that is non-income generatingIf it's a non-income generating asset that attracts lots of taxes etc.Cheers
What is the difference between a wholesaler and a retailer?
Answer:
The main difference between wholesaler and retailer is that wholesaler are people who buy products in large quantities for reselling purpose to earn a profit whereas retailer is a person who sells products to the final consumer in small quantities.
Explanation:
Following the 2007-2009 financial crisis, many people feared that Greece might leave the euro and resume using the drachma. If that happened, the drachma might be worth less than the euro. When using fiat money like the drachma, the key to acceptance is that households and firms have confidence that if they accept drachma in exchange for goods and services, the drachma will not lose much value during the time they hold them. If sellers were not willing to accept the drachma in exchange for goods and services, the drachma would not serve as
Answer:
A medium of exchange
Explanation:
A medium of exchange is a system where it is used to facilitate the sale, purchase, trading of the products & services between the parties
Since in the given situation, it is mentioned that the seller would not willing to accept the drachma in exchange of goods & services so here the drachma would not be served as a medium of exchange
hence, the same would be relevant
Why is a consumer likely to be worse off when a product that he or she consumes is rationed?
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The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.
Using Conservation of Angular Momentum we can find the new rotation of the earth.
L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.
5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega
-> solve for omega = 7.292115899502489e-05
This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.
Managers are accountable to some stakeholders whose interests they represent. These
stakeholders are:
Customers
Employees
Owners
Shareholders
Society
Government
1. Conduct a research to explain how is management responsible to EACH of these stakeholders. [18 marks]
pls help me
Answer:
see explanation
Explanation:
Stakeholder is anyone interest in the operation of a company or affected by the decision of the company.
Each stakeholder has its own interest and this is listed below :
Customers
They expect to receive value for money out of the firm products or services.
Employees
They are looking up to management for better remuneration for their manpower.
Owners
They seeking a maximum return from their investment in the company. Management run the company on their behalf as stewards.
Shareholders
They also seek maximum return from their investment in the company.
Society
The community expects the company to be a good corporate citizen and improve the social factors of employment, sustainability and environmental issues
Government
The government expects the company to be tax compliant and to pay its dues on time.
An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the products will be transferred to the customer at different points in time. The entity determines that the delivery of each product is a distinct performance obligation. Products X and Y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. The standalone selling price of product Z of $160,000 was estimated using the adjusted market assessment approach. The entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. What revenue will be recognized by the entity on the sale of product X
Answer:
B. $31,250
Explanation:
The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;
Here the transaction price should be distributed to the performance obligations.
The sum of the standalone selling price is
= $40,000 + $120,000 + $160,000
= $320,000
And, the standalone selling price is $40,000
Now the revenue that should be recognized is
= $40,000 ÷ $320,000 × $250,000
= $31,250
Thomas earns $ per year. What retirement plan Thomas should consider under the following circumstances? a. He works for a large private firm. b. He works at a university. c. He owns a small firm with employees. a. He works for a large private firm. Which is the best selection? (Select the best answer below.) A. Thomas should consider the Simplified Employee Pension Plan (SEP) or the Savings Incentive Match Plan for Employees plan (SIMPLE). B. Thomas should consider the 401(k) plan. C. Thomas should consider the 403(b) plan. b. He works at a university. Which is the best selection? (Select the best answer below.) A. Thomas should consider the Simplified Employee Pension Plan (SEP) or the Savings Incentive Match Plan for Employees plan (SIMPLE). B. Thomas should consider the 401(k) plan. C. Thomas should consider the 403(b) plan. c. He owns a small firm with employees. Which is the best selection? (Select the best answer below.) A. Thomas should consider the 403(b) plan. B. Thomas should consider the Simplified Employee Pension Plan (SEP) or the Savings Incentive Match Plan for Employees plan (SIMPLE). C. Thomas should consider the 401(k) plan.
Answer: See explanation
Explanation:
a. He works for a large private firm.
In this case, he should consider 401(k) plan since he works for a large private firm.
b. He works at a university.
In this case, he should considered the 403(b) plans. The 403(b) plan, is the retirement plan for staffs of public schools and this will be suitable for him in thus scenario.
c. He owns a small firm with employees.
In thus case, the SEP and SIMPLE plans should be considered as they're both are offered by small firms that has few employees.
In four to six sentences, explain the savings-borrowing-Investing cycle.
Explanation:
The saving-borrowing-investing cycle generally begins with consumer borrowing to fund their purchases and for seed capital and they then use this capital to invest in their future.
Answer:
The savings-borrowing-investing cycle starts with borrowing for most people. People borrow money to initially pay for goods and services. Next, people can start investing money for future needs and wants. Investing will usually get the person more money later on. Finally, the person can save some money and spend the rest of their income.
Samira is a freshman basketball player who hopes to go to college on a basketball scholarship. She is offered the chance to play on her school’s varsity basketball team, which plays in tournaments during holiday breaks. Samira usually spends her breaks working at the local hardware store. After careful consideration, Samira decides to stay on the freshman basketball team and keep working over breaks.
The fact that Samira may miss out on a scholarship opportunity by staying on the freshman team illustrates
a cause.
minor consequences.
a tradeoff.
unexpected risk.
Answer: a trade off
Explanation:
A trade-off (or tradeoff) is regarded as a situational decision which occurs when one loses a particular thing in order to gain something else.
A trade off is regarded as a form of compromise. An increase in a particular thing brings about a decrease in something else. The fact that Samira may miss out on a scholarship opportunity by staying on the freshman team illustrates trade-off.
Answer: is this one
a tradeoff
Explanation:
hope helps
The US Senate has approved approximately how many treaties?
O 2.500
O 1,500
O 2,000
O 1.000
Answer:
2500
Explanation:
The United States Senate has approved approximately 2500 treaties. This assertion is based on the statistics that fifty years after the United States independence, the US Senate has only approved 60 treaties. By the period World War II began in 1939, the US Senate has approved another 800 treaties. Also, between 1940 to 1989, the United States Senate has approved an additional 759 treaties. And between 1989 to this moment, the United States Senate has reportedly approved 890 treaties.
Hence, summing all of them together, we have 60 plus 800, plus 759, plus 890, making it 2509 treaties. That is approximately 2500 treaties.
Answer:
B. 1,500
Explanation:
It’s on the passage
help plz!!
Economists make economic predictions using:
A) educated guesses based solely on their opinion.
B) data about the economy from the past.
C) information only about other nations.
D) data about how outside economies allocate their resources.
Thanks!!
Answer:
[tex]hi \: james[/tex]
The answer is :
B) data about the economy from the past.
I hope it helps
have a nice day
#Captainpower
The answer to this question is B) data about the economy from the past
Look at the following picture and think about the organizational structure. Your task is to advise someone on how that organizational structure works. (PLEASE HELP)
Answer:
top down management
Explanation:
This organizational structure seen in the picture is a representation of top down management. In this structure, the individual at the top of the hierarchy has the most power and full command. Instructions are passed down the chain of command. For example, the CEO is in charge of the company and gives orders to the Managers (Production and Marketing). These managers follow that order and decide what orders to give the individual's under their supervision in the chain of command. These individuals are represented by the connecting lines in the diagram to the Managers. Once these individuals (Foremen and Sales Officer's) receive their orders, they create and relay their own orders down to the Workers and Salespeople.
HELP PLZ! The price index for a certain item is at 4% inflation rate. How long will it take for the price to double?
Answer:
Time taken to double the price is 17.5 years
Explanation:
As per the rule of seventy,
Time taken for a CPI to get double is 70 divided by the rate of inflation
Substituting the given values, we get -
Time taken to double the price is 70/4 = 17.5 years
May i have the answer for this im not quite sure
Answer:
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Inflation is expected to increase steadily over the next 10 years, there is a positive maturity risk premium on both Treasury and corporate bonds, and the real risk-free rate of interest is expected to remain constant. Which of the following statements is CORRECT? A. The yield on 7-year corporate bonds must exceed the yield on 10-year Treasury bonds. B. The Treasury yield curve under the stated conditions would be humped rather than have a consistent positive or negative slope. C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities D. The stated conditions cannot all be true they are internally inconsistent. E. The yield on any corporate bond must exceed the yields on all Treasury ; bonds.
Answer:
C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
Explanation:
Due to the fact that inflation would be rising steadily, the yield curve would be upward sloping. The yield curve would be humped if inflation is expected to increase the medium term and then decrease in the long term.
Due to increasing inflation, investors would want a higher rate of return in the long run compared to the short run. This would ensure that their purchasing power remains the same. Thus, the yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
corporate bonds are more risky that treasury bonds. so, for the same maturity, investors would demand a higher return on corporate bonds than on treasury bonds
What is the Racial Wealth Gap?
Explanation:
the racial wealth gap in the United States is the disparity in median wealth between the different races . This gap is most pronounced between whitehouseholds and racia minorities
Adaptability in leadership styles, depending on the task and team you are working with, is known as the:
Answer:
Transactional leadership
Explanation:
The transactional leadership may be defined as that type of leadership which focuses on the role of the organization, supervision or the even on the group performance. The leaders who follows this type of leadership style mainly focuses on the special tasks and uses the rewards and the punishments to motivate their followers.
They are also known as managerial leadership. They depend on the task and the team they are working with.
Read the following excerpt from a health record:
Plan
Recommendation:
We need to perform an endoscopic retrograde cholangiopancreatogram or magnetic resonance cholangiopancreatogram. Given the less invasive nature, I recommended Ms. Mendel have an MR cholangiogram, which is scheduled for later this week. If the results confirm primary sclerosing cholangitis, we will begin medical treatment and then schedule a percutaneous hepatic biopsy.
Which of the following statements is NOT true, given this health record information?
a) the author of this health record recommends an ERCP.
b) the endoscopic retrograde cholangiopancreatogram involves using an endoscope, an instrument to look inside.
c) if the results confirm the patient's bile ducts are inflamed and hardening, the patient will have a liver biopsy.
d) both the endoscopic retrograde cholangiopancreatogram and the magnetic resonance cholangiopancreatogram will give the health care professionals a map of the bile vessels (ducts) and pancreas.
Answer: the author of this health record recommends an ERCP.
Explanation:
Based on the information given, the statement that isn't true is that with the health record information provided, the author of this health record recommends an ERCP. ERCP is the procedure that is used in the diagnosis of diseases that has to do with the gallbladder, pancreas, and liver.
From the information given, the author stated that due to the less invasive nature, it will be recommended for Ms. Mendel to have an MR cholangiogram and this will provide the health care professionals a map of the bile vessels and the pancreas.
In a scenario whereby the results confirm that the patient's bile ducts are inflamed, then the patient will have a liver biopsy.
Therefore, the correct option is A.
You are a network administrator for your company. A user calls and tells you that after stepping on the network cable in her office, that she can no longer access the network.
You go tot he office and see that one of the user's stiletto heels has broken and exposed some of the wires in the Cat 5 network cable. You make another cable and attach it from the wall plate to the user's computer.
What should you do next in your troubleshooting strategy?
- Establish what has changed.
- Recognize the potential effects of the solution.
- Document the solution.
- Test the solution.
Answer: Test the solution
Explanation:
Since the user called and said that she can no longer access the network after she steeped on the network cable, and another cable was made and attached from the wall plate to the user's computer, the next thing that should be done is to test the solution.
The solution should be tested in order to be sure that the solution that was provided worked. After this has been done, then documenting he solution and recognizing the effects can be done.
Setting the price for a new product is less difficult when other products like it are already being sold. This is true because ______. Multiple choice question. consumers will have become used to paying artificially high prices for products in that category all retail outlets in the area can get together and agree to sell the product for the same price, regardless of its actual value consumers will have learned to depend on that type of product and will pay whatever it costs the market will have established a general value for that sort of item
Answer:
the market will have established a general value for that sort of item
Explanation:
If we set the price of the new product so it would be less difficult in the case when the other kind of products are being sold because in the market the products make the image of the company that the audience will be aware of
So according to the given situation, the last option is correct
And, the rest of the options does not represent the given case
Please Help. Career Explorations
In a cost reimbursable contract, _____. the contract usually details the quality of the goods or services, the timing needed to support the project, and the cost of delivering goods or service the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit the contract provides an incentive for performing on the project above the established baseline in the contract the contractor assumes the risks for unexpected increases in labor and materials that are needed to provide the service or materials and in the quantity of time and materials needed developing a clear scope of work, creating a list of highly qualified bidders, and developing a clear contract is critical
Answer:
the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.
In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.
This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.
The amount of surface area on an uncored block that has holes extending through it is equal to less than ________.
outline four duties of an office messenger
Answer:
The duties of an office messenger are summarized throughout the below segment.
Explanation:
His tasks predominantly include the passage as well as the collection of documents across units of the company or an organization.Any basic everyday tasks may be requested to encourage and support him in the file, make copies, and print documentation.Throughout the lower socio-economic frame seems to be in a position he has to be professional as well as respectful.