Required-: JOURNAL ENTRY
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque
please help Me with this.
I'm still confused in it.​

Answers

Answer 1

Explanation:

Given:

Paid 28,000 in full settlement

Explanation:

Books of (......LTD)

Journal entries

Particular                                                  Debit   Credit

Sansee stores              A/C DR.             30,000

To Discount                 A/C CR                           2,000

To Bank                        A/C CR                          28,000


Related Questions

Rosa is upset with D'Shaun because he keeps giving their teenage daughter more money than the family has budgeted. Rosa and D'Shaun discuss their daughter's need for more money and their need to stay on budget. The ultimately decide to increase their daughter's allowance to $20 and in exchange, have her babysit her younger brother instead of paying for a sitter. Everyone's needs are met. What type of Conflict Management is Rosa using

Answers

Answer:

collaborating

Explanation:

A mix of being cooperative and assertive that means those who want to do collaboration for attempting the work with other in identifyig the solution that satisfied fullly for each and everyone concern

Since rosa wants that everyone needs could be met out

So this represent the collaboration

The same should be relevant

Having term limits on Boards of Directors for companies forces firms to rotate leadership to get new ideas. It also creates this unintended consequence:

Answers

The available options are the following:

-Board members serve on multiple boards

-People with knowledge of the firm's history are replaced with those who may not know as much information

-Less frequent board meetings

-Better decisions about important issues

Answer:

-People with knowledge of the firm's history are replaced with those who may not know as much information

Explanation:

Considering the available options, the option that appears negative and related to the point being discussed is

"People with knowledge of the firm's history are replaced with those who may not know as much information."

It is straightforward, as changing the board of directors will at some point lead to a time where the new member in the board of directors will just be a competent worker but has no history with the company.

An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 units. Each unit of capital costs $10, each unit of raw materials, $4, and each unit of labour, $3.

92) Refer to the above information. The per unit cost of production in this economy is:
A) $1.00.
B) $.10.
C) $.05.
D) $.50.

93) Refer to the above information. If the per unit price of raw materials rises from $4 to $8 and all else remains constant, the per unit cost of production will rise by about:
A) 50 percent.
B) 30 percent.
C) 40 percent.
D) 100 percent.

94) Refer to the above information. As a result of the change indicated in the previous question, the aggregate:
A) supply curve would shift to the right.
B) demand curve would shift to the right.
C) demand curve would shift to the left.
D) supply curve would shift to the left.

Answers

Answer:

A) The correct answer is B. The per unit cost of production in this economy is $0.10.

B) The correct answer is B. The per unit cost of production will rise by about 30 percent.

C) The correct answer is B. The demand curve would shift to the right.

Explanation:

Since an economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units, and each unit of capital costs $ 10, each unit of raw materials, $ 4, and each unit of labor, $ 3, to determine the per unit cost of production in this economy, the per unit cost of production if the per unit price of raw materials rises from $ 4 to $ 8 and all else remains constant, and to determine how the demand or aggregate supply curve will respond, the following calculations must be made:

A) 2 x 10 + 5 x 4 + 8 x 3 = 20 + 20 + 24 = 64

64 / 640 = 0.10

B) 2 x 10 + 5 x 8 + 8 x 3 = 20 + 40 + 24 = 84

64 = 100

84 = X

84 x 100 / 64 = X

8400 / 64 = X

131.25 = X

Discuss whether a commercial bank should specialize or diversify in terms of the services it provides.

Answers

Answer:

The authors find that sector specialization has an overall positive effect on banks' performance. In contrast, Bebczuk and Galindo (2007) find for Argentina that banks with a diversified credit portfolio have fewer non-performing loans.

A concentrated portfolio with a high risk level results from concentrating on portfolio growth without adding additional asset classes.

What is a portfolio?

A portfolio is a collection of financial assets, such as securities, bonds, commodities, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs).

Most people think that a portfolio's core consists of equities, bonds, and cash. Although this is frequently the case, it need not be the exception. Various types of assets, such as private investments, real estate, and fine art, may be included in a portfolio.

The wisdom of diversification, which essentially means not putting all of your eggs in one basket, is one of the fundamental ideas in portfolio management.

By distributing investments among different financial instruments, industries, and other categories, diversification aims to lower risk. By making investments in many sectors that would all respond differently to the same occurrence, it seeks to optimize returns.

The strategy of a hybrid portfolio diversifies among asset classes. Investing in stocks, bonds, commodities, real estate, and even art are all necessary components of creating a hybrid portfolio.

Learn more about portfolio, here

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Assume the following for the town of Boone: it has a total population of 40,000 people, of which 1,000 are under 16 years of age or are institutionalized: 5,000 are full-time students who are not employed and are not seeking work; and 30,000 are employed. The rest of the people are out of work but have been actively seeking work within the past four weeks. What is Boone's unemployment rate?
Round your answer to 1 decimal place
__________ percent

Answers

Answer:

Unemployment rate = 0.1176 or 11.76%

Explanation:

Given total population = 40000

Blow 16 years = 1000

Full time student = 5000

Employed = 30000

Unemployed people = 40000 - 1000 - 5000 - 30000

Unemployed people = 4000

Unemployment rate = Unemployed people / (employed + unemployed)

Unemployment rate = 4000/ (30000 + 4000)

Unemployment rate = 0.1176 or 11.76%

Top Breakfast Cereal producers - company name, most current market share, signature
products
1. #1
share % Signature products
2. #2
share % Signature products
3. #3
share % Signature products
4. #4
share % Signature products

Answers

Answer:

1. Kellogg Company - 30.1% market share - signature products: Froot Loops, Corn Flakes, Apple Jacks.

2. General Mills - 29.85% market share - signature products: Cheerios, Nature Valley, Lucky Charms.

3. Post Holdings - 18.92% market share - Honey Bunches, Fruity Pebbles.

4. Private Label - 7.48% market share - Muesli, Choco-Shells

Nika earns a gross pay of $73,000. Her total employee benefits are 22% of her gross pay and she has no job expenses. If Nika gets an increase in pay of $5,000, what will her total employment compensation be

Answers

Answer:

$95,160

Explanation:

The total employment compensation of an individual is the gross pay that they are receiving as well as the value of all of the benefits that they are receiving from employment. Then you would need to discount job expenses. In this scenario, after the increase in pay, Nika's gross pay is now $78,000. If her employee benefits are 22% of the gross pay then they would be

78,000 * 0.22 = 17,160

Now we add the value of her employee benefits to her gross pay in order to calculate her total employment compensation

78,000 + 17,160 = $95,160

Answer:

The Answer is B

Explanation:

Edge 2021

Martinez owns an asset that cost $87,000 with accumulated depreciation of $40,000. The company sells the equipment for cash of $42,000. At the time of sale, the company should record:

Answers

Answer:

A loss on sale of $5,000

Explanation:

Calculation to determine what the company should record at the time of sales

First step is to calculate the Book value as on date of sale using this formula

Book value as on date of sale=Cost-Accumulated depreciation

Let plug in the formula

Book value as on date of sale=87,000-40,000

Book value as on date of sale=$47,000

Based on the above calculation the sale proceeds is lower than the book value as on date of sale which indicate a loss

Hence:

Loss =($47,000-$42,000)

Loss=$5000

Therefore At the time of sale, the company should record: A loss on sale of $5,000.

In a(n) ________ organization, the decision-making authority is delegated as far down the chain of command as possible.

Answers

Answer:

decentralizated.

Explanation:

It is correct to say that in an organization with a decentralized structure, the decision-making process is delegated as far down the chain of command as possible, that is, the lower hierarchical levels also contribute to the company's decision-making process.

The advantages of a decentralized organization are that this structure allows for greater flexibility in processes, ensures faster decision-making, greater independence and autonomy in business areas, can bring greater innovation and faster solution to organizational challenges.

An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) ______ structure.

Answers

line

Explanation:

An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) line structure.

Line Organizational structure is the simplest organizational structure.

In this structure, the flow of the authority is from top to bottom. In this structure, supportive and specialized services do not exist. The department head has full control over their departments. Its main characteristic is the self-contained department structure.Line officers can take independent decisions due to the unified structure. Effective communication is the main characteristic of this structure and it makes the organization stable.

So, Line structure is the correct answer

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McKittridge Consulting pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems. Which type of organization is McKittridge Consulting

Answers

Answer:

Learning organization

Explanation:

A learning organisation is defined as one that is focused on promotion creation, acquiring, and transfer of knowledge for the clients it serves and its members.

It also constantly transforms itself by improving on its processes.

McKittridge Consulting is a learning organisation because it pursues activities such as engaging in disciplined thinking, searching constantly for new knowledge, benchmarking, and sharing ideas throughout the organization via information systems.

If a stock were overpriced, it would plot A) above the security market line. B) below the security market line. C) on the security market line. D) on the y-axis.

Answers

Answer:

A) above the security market line.

Explanation:

A) above the security market line.

Option "a" is correct because all the correct priced stock will be shown on the security market line while the underprice stock is represented above the security market line and the overpriced stock is shown below the security market line.

the demand for professional education is increasing this day. put your argument to support the statement​

Answers

Explanation:

I hope it helps you... and please marks me as brainliests...

In the context of sports, with the recent proliferation of mobile devices and growing connectivity, many people have _____. Multiple choice question. received significant financial aid to facilitate sports development and participation gained the ability to produce and distribute sport content and commentary turned to traditional content such as newspaper reports gained entry into professional athletic and sports teams

Answers

Answer:

gained the ability to produce and distribute sport content and commentary.

Explanation:

In the context of sports, with the recent proliferation of mobile devices and growing connectivity, many people have gained the ability to produce and distribute sport content and commentary.

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.

Answers

Answer:

is personally responsible for all partnership debts

Explanation:

COMPLETE QUESTION

A general partner:

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.

EXPLANATION

A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.

Ed was working on a custom-made workbench for a customer. The job, TB0414, was begun in November. At the end of November, the job cost sheet for TB0414 showed direct materials of $215, direct labor of 14 hours at $18 per hour, and overhead of 50% of direct labor cost. During December, Ed’s time ticket showed 15 hours on Job TB0414, 25 hours on Job TB0614, 10 hours of maintenance on the lathe, and 40 hours on a new job, DR1014. What is the total amount of overhead applied to TBO414?

Answers

Answer:

Allocated MOH= $261

Explanation:

Giving the following information:

Predetermined overhead rate= 50% of direct labor cost

To allocate overhead to Job TB0414, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

First, we need to determine the total labor cost:

TB0414:

Direct labor hours= 14 + 15 = 29

Total direct labor cost= 29*18= $522

Now, the allocated overhead:

Allocated MOH= 522*0.5

Allocated MOH= $261

In the ____________, households work and receive payment from firms. financial investment market financial capital market labor market savings market

Answers

Answer:

labor market

Explanation:

The labor market is the market in which the supply and the demand for the jobs are meet out along with the labors who give the services based on the demand of the employers.

So here the work of the household and as per  this they received the payment from the firms so this could be done under the labor market

An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to

Answers

Answer: uncertainty about the ability of the issuer to make timely payments of interest and principal

Explanation:

AAA refers to the highest possible rating which can be assigned to the bond of an issuer by the main credit rating agencies. It should be noted that AAA bonds possesses a high degree of creditworthiness.

An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to uncertainty about the ability of the issuer to make timely payments of interest and principal.

all the occupation are equally important how and why .




Answers

It is true that some jobs require more training and experience than others. Also, that some jobs carry more responsibility, pay more, and have greater status.

But that doesn’t mean one job is more important than another.

In an organization, everyone matters and no one should look down upon someone for the work they are doing.

Remember, every job should be valued. And, every person should be treated with dignity and respect.

Lil Anthony’s and Amelia’s are two restaurants serving Italian cuisine. While Lil Anthony’s focuses on providing quick, affordable pasta dishes for the lunch crowd, Amelia’s focuses on serving home-style dishes in an upscale, romantic setting. Both companies have been able to gain a competitive advantage. This is most likely because the companies have

Answers

Answer:

pursued distinct strategic positions

Explanation:

This is most likely because both companies have pursued distinct strategic positions. Meaning that they have both found a specific niche within the restaurant business and decided to fulfill each their own specific niche. This allows them to be part of the same industry while still offerring their customers completely seperate experiences. These unique and very different experiences is what allows both Lil Anthony's and Amelia's business to thrive. If they instead offered their customers the same experience then they would be directly competing against each other and only one would be able to stay in business and they would steal the other's customers.

Lance has a contract with Smith to resurface a driveway at the Smith residence. Lance by mistake stops at the Jones residence and resurfaces Jones' driveway. Jones lives next door to Smith and knows that Lance is at the wrong residence. Jones, however, says nothing and watches while Lance resurfaces his driveway. Is Jones under any contractual obligation to pay Lance for resurfacing his driveway? Explain your answer.

Answers

Answer: Yes

Explanation:

Ignoring a situation you have an idea of to play out in another way has implications. Under Quasi-k, the court will implicate a contractual obligation on Mr Jones for staying idle and giving permission to Mr Lance to carry out the activity.

(16-25) more questions:)

Answers

Answer:

16. d?

17. probably b

18. a

19. hmmmmmmmmmm c?

20. b

21. d

22. d

23. c

24. c

25. a

Explanation:

Should all be right? a few im iffy on.... it's been a while

A decrease in the money supply may __________ total expenditures and thus __________ aggregate demand.

Answers

Answer:

Lower; lower.

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

The buying and selling of bonds government owned by the Federal Reserve (Fed) is generally referred to as open market sales.

An open market sale of U.S. Treasury securities by the Fed will cause the Banking System's balance sheet not to show a net change in liabilities or assets but only a change in the composition of assets with securities increasing while causing a decrease in the reserves of thecountry.

Basically, an open market sales increase money supply and as such making more money to be in circulation and in the economy

However, a decrease in the money supply in a country may lower total expenditures and thus lower (decrease) aggregate demand of goods and services for the population.

Answer:

A decrease in the money supply may lower total expenditures and thus lower aggregate demand.

In analyzing the differences among Theories X, Y, and Z managers, it is appropriate to determine that Multiple Choice Theory Z managers believe that employees prefer to be directed. Theory Z managers understand that workers prefer to work by themselves, and will do their best work individually rather than with a team. Theory Z managers believe that getting employees more involved in work-related decisions will generally increase productivity. Theory Z managers believe that decision making is not part of an employee's responsibilities.

Answers

Answer:

Theory Z managers believe that getting employees more involved in work-related decisions will generally increase productivity.

Explanation:

In simple words, Theory Z can be understood as the management strategy that combines American as well as Japanese managerial concepts and is characterized by tight job stability, consensus policy making, delayed assessment and advancement processes, and personal responsibility inside a group setting, among other things.

Calculate the return on investment for an advertisement from the given data. Net sales is $1,000, and advertising cost is $50.

Answers

Answer:

2,000 %

Explanation:

Return on investment for an advertisement = Sales / Advertisement Cost x 100

therefore,

Return on investment for an advertisement = $1,000 / $50 x 100

                                                                        = 2000 %

A. A plan for mass casualty incidents should include protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery. B. A partnership approach to planning for mass casualty incidents helps to ensure that the plans for your organization are compatible with those of the agencies that would respond if an incident occurred. C. When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization. D. It is important to customize your emergency plan to reflect the risks, realities, and resources that characterize the local area and your own organization.

Answers

Answer: When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization

Explanation:

A Mass Casualty Incident refers to an overwhelming event, which leads to more patients at a time than what the available resources can easily manage such that it requires additional assistance.

A plan for mass casualty incidents should include protective actions that will be used to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery.

A partnership approach to planning for mass casualty incidents is important as it helps in ensuring that the plans for your organization are compatible with those of the agencies that would respond if an incident occurred.

It's also vital to customize your emergency plan to reflect the risks, realities, and resources that characterize the local area and your own organization.

The false statement is "When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization". This isn't true.

Ted is a favorite among his subordinates, as he gets directly involved in the minute details of their work. He is task-oriented and has clear knowledge on critical operational details of his team. In this context, Ted can be considered a(n) _____ leader.

Answers

Answer:

ingratiating.

Explanation:

It is correct to say that Ted can be considered an ingratiating leader, which is a technique used to improve personal relationships through the use of sympathy, assistance, interest and collaboration, so that there is a positive influence on people and consequently greater individual willingness to respond to expectations of that person.

As the question explains, Ted has the sympathy of subordinates and is considered one of the favorite leaders because he gets involved in the work, understands the workers and helps with tasks, so he is a ingratiating leader.

Keys, Inc. purchased 100 shares of its own common stock for $10 per share. The stock is now classified as ______ stock, a contra equity account, reported on the statement of stockholder's equity.

Answers

Answer:

Treasury Stock

Explanation:

A firm`s purchase of its own stock is known as Treasury Stock. This is a a contra equity account, that is reported on the statement of stockholder's equity.

A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost driver was estimated as 2,500 hours. If Product A utilized 1,350 hours and Product B utilized 1,100 hours, what was the amount of overhead assigned to the products

Answers

Answer:

$68,600

Explanation:

Activity Based Overhead Rates = Estimated Overhead / Expected Use of Cost Drivers per Activity (Hours)

Activity Based Overhead Rates = $70,000 / 2,500

Activity Based Overhead Rates = $28

Overhead Assigned = Overhead Rate * Hours Utilized

Product A Overhead Assigned = $28 * 1,350 hours

Product A Overhead Assigned = $37,800

Product B Overhead Assigned = $28 * 1,100 hours

Product B Overhead Assigned = $30,800

Total Overhead Assigned = Product A Overhead Assigned + Product B Overhead Assigned

Total Overhead Assigned = $37,800 + $30,800

Total Overhead Assigned = $68,600

The top management of Clear Chemical Inc. creates a strategic plan to enter new product markets within a period of five years. The company's middle management creates six-month plans to ensure that the objectives of the strategic plan are properly implemented. Along with these plans, each department creates short-term plans that specify the actions to be taken by specific employees and teams to meet the objectives of the strategic plan and the six-month plans. These short-term plans established at the departmental level are referred to as

Answers

Answer: Operational plans

Explanation:

Operational plans are those created by the lower level management in order to enable them to reach the goals established by the middle level management above them.

This is the way a business works. The top level management comes up with strategic plans that are to lead the company forward. The middle level management comes up with tactical plans to meet those strategic plans and the lower level management comes up with operational plans to meet those tactical plans.

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