A (Static) Using T accounts to record all business transactions. LO 3-1, 3-2, 3-4
The following accounts and transactions are for Vincent Sutton, Landscape Consultant.
Transactions:
Sutton invested $90,000 in cash to start the business.
Paid $6,000 for the current month’s rent.
Bought office furniture for $10,580 in cash.
Performed services for $8,200 in cash.
Paid $1,250 for the monthly telephone bill.
Performed services for $14,000 on credit.
Purchased a computer and copier for $18,000; paid $7,200 in cash immediately with the balance due in 30 days.
Received $7,000 from credit clients.
Paid $2,800 in cash for office cleaning services for the month.
Purchased additional office chairs for $5,800; received credit terms of 30 days.
Purchased office equipment for $22,000 and paid half of this amount in cash immediately; the balance is due in 30 days.
Issued a check for $9,400 to pay salaries.
Performed services for $14,500 in cash.
Performed services for $16,000 on credit.
Collected $8,000 on accounts receivable from charge customers.
Issued a check for $2,900 in partial payment of the amount owed for office chairs.
Paid $725 to a duplicating company for photocopy work performed during the month.
Paid $1,280 for the monthly electric bill.
Sutton withdrew $5,500 in cash for personal expenses.
Post the above transactions into the appropriate T accounts.
Analyze:
What liabilities does the business have after all transactions have been recorded?
Complete this question by entering your answers in the tabs below.
Transactions
Analyze
Post the above transactions into the appropriate T accounts.
Cash Accounts Receivable
Bal.
Bal.
Office Furniture Office Equipment
Bal. Bal.
Accounts Payable Vincent Sutton, Capital
Bal.
Bal.
Vincent Sutton, Drawing Fees Income
Bal.
Bal.
Rent Expense Utilities Expense
Bal. Bal.
Salaries Expense Telephone Expense
Bal. Bal.
Miscellaneous Expense
Bal.
Complete this question by entering your answers in the tabs below.
What liabilities does the business have after all transactions have been recorded?
Liabilities

Answer:

The maximum amount Spencer can claim as a deduction for charitable contributions in the current year is $5,000.

Explanation:

The following are the list of allowable deductions:

Cash Contribution to Church = $4,000

Excess of amount paid for art object at church bazaar over fair market value = $1,200 - $800 = $400

Fair market value used clothing donated to Salvation Army = $600

Total allowable deductions = Cash Contribution to Church + Excess of amount paid for art object at church bazaar over fair market value + Fair market value used clothing donated to Salvation Army = $4,000 + $400 + $600 = $5,000

The decision rule is that the total allowable deduction must be less than the 50% of adjusted gross income ceiling.

50% of adjusted gross income = Adjusted gross income * 50% = $60,000 * 50% = $30,000

Since the total allowable deductions of $5,000 is less than the $30,000 which is 50% of adjusted gross income,  the maximum amount Spencer can claim as a deduction for charitable contributions in the current year is $5,000.

c sales representative

Adding 25% more employees for the holiday season can bring some challenges and difficulties for a company. Here are some potential difficulties and the planning needed to address them:

Hiring and Training: The first challenge is to find and hire new employees, which can be time-consuming and costly. Companies should plan ahead and start the hiring process early to ensure they have enough time to select and train new employees.

Cost: The cost of hiring and training new employees can be high, and companies need to ensure they have enough resources to cover the additional expenses. Companies should create a budget and estimate the cost of hiring and training new employees.

Integration and Teamwork: Integrating new employees into the team and ensuring they work effectively with existing employees can be challenging. Companies should plan team-building activities and create a welcoming environment to help new employees feel part of the team.

Workload and Scheduling: Companies need to plan the workload and schedule the additional employees effectively to ensure they are utilized efficiently. This includes ensuring that there is enough work to keep all employees busy and that the schedule allows for an appropriate level of coverage.

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The best deterrent we have to prevent shrink for DG( Dollar General) are:

The best deterrent we have to prevent shrink for DG can vary from one aspect to the another aspect, which can involves the process of the Continuously Track Stock, because the tracking will help to know how the stock is moving to avoid loosing in the process.

In this case we can come into conclusion that  best deterrent we have to prevent shrink for DG( Dollar General) are Continuously Track Stock and Implement Checks And Balances.

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NOTE; This is a complete question , no given option even on the internet

To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.

The average per share amount for the common shares of Cheyenne Corp. is approximately $4.9787.

To calculate the average per share amount for the common shares of Cheyenne Corp., we need to determine the total amount of money received from the issuance of common shares and divide it by the total number of common shares issued.

Let's calculate the total amount of money received from the issuance of common shares:

Jan. 12: 47,000 common shares issued for $5 per share

47,000 common shares × $5 per share = $235,000

Now, let's calculate the total number of common shares issued:

Jan. 12: 47,000 common shares issued

The total number of common shares issued is 47,000.

Next, we can calculate the average per share amount for the common shares:

Average per share amount = Total amount of money received / Total number of common shares issued

Average per share amount = $235,000 / 47,000

Average per share amount ≈ $4.9787

Therefore, the average per share amount for the common shares of Cheyenne Corp. is approximately $4.9787.

It's important to note that the calculation assumes that there were no other common share issuances or transactions throughout the year. If there were additional issuances or transactions, they would need to be considered to calculate an accurate average per share amount.

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Answer:

I would assume it is true

Explanation:

Answer:

Credit leads to an increase in spending, thus increasing income levels in the economy. This, in turn, leads to higher GDP (gross domestic product) and thereby faster productivity growth. If credit is used to purchase productive resources, it helps in economic growth and adds to income

If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.

To file a tax return means to fill in the documents that have to do with the taxes that a person owns to the government authorities responsible for taxes based on the income that they make in the economy and based on their expenditures also.

The person that is filing this has to do so with the authority that is closest to the areas that they are residing.

The tax that is paid to the government can be defined as the money that a person makes from the businesses and the salary that they are paid in the economy.

Hence we can conclude by saying that If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.

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Answer:

the sum of your deductible contributions exceeds $300.

Explanation:

connexus

To prevent restrictions or barriers in small businesses in townships, several intervention strategies can be implemented:

1. Business Development Support: Offer training programs, workshops, and mentorship opportunities to help small business owners develop essential skills such as financial management, marketing, and business planning.

2. Access to Capital: Establish microfinance programs or low-interest loan schemes to provide small businesses with the necessary funds to start or expand their operations. Additionally, create partnerships with financial institutions to streamline the loan application process.

3. Infrastructure Improvement: Invest in upgrading township infrastructure, including roads, electricity, and internet connectivity. This will enhance the business environment, attract investors, and facilitate smoother operations for small businesses.

4. Regulatory Simplification: Simplify and streamline licensing and permit procedures, reducing bureaucracy and paperwork burdens. This will make it easier for entrepreneurs to start and operate businesses, fostering a favorable environment for small enterprises.

5. Market Linkages: Facilitate connections between small businesses and larger supply chains, enabling them to access wider markets and secure stable customer bases. This can be achieved through networking events, trade fairs, and partnerships with established businesses.

6. Local Procurement Policies: Encourage local governments and institutions to adopt procurement policies that prioritize purchasing goods and services from small businesses in the townships, thereby boosting their economic growth and sustainability.

7. Collaborative Initiatives: Foster collaboration among small businesses by establishing business associations, cooperatives, or incubation centers. These platforms can provide shared resources, collective marketing efforts, and a supportive community.

By implementing these intervention strategies, the barriers and restrictions faced by small businesses in townships can be minimized, promoting their growth, sustainability, and contribution to the local economy.

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Five ways in which business studies is a living subject:

Business studies is an ever-evolving subject that continuously updates itself to reflect the latest developments and trends in the contemporary business environment. The dynamic global economy, characterized by recessions, inflation, and changing trade policies, can have significant consequences on businesses. It compels them to adapt quickly in order to remain profitable.

Furthermore, as society shows a growing inclination towards sustainability and ethical concerns, businesses must incorporate these principles into their practices. This highlights the importance of keeping up-to-date with these changes for students studying in business studies so they can gain success in today's innovative business world.

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The 1990 year net grain output is indicated by a blue bar, which is the minimum for Russia, therefore Russia must import to satisfy its needs; India and China must also buy some grain.

Russia was one of the world's major grain exporters. Russia exported 45.3 million metric tons of grain in the 2019-2020 marketing year, including wheat, barley, and maize. Due to severe weather circumstances, this constituted a little decline from the previous year, but it still accounted for a considerable part of worldwide grain exports. Wheat was the most important contributor to Russia's grain exports, accounting for around 34.5 million metric tons transported overseas. Overall, grain exports from Russia constitute a significant source of revenue for the government and play an essential part in global food security.

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Two main strategies for organizing reports are:

A report is a record that gives statistics in an organized format for a particular audience and motive. Although summaries of reports may be introduced orally, complete reviews are almost usually in the shape of written documents.

A report is a particular form of writing this is organized around concisely identifying and analyzing troubles, activities, or findings which have happened in a bodily feel, such as activities that have passed off inside a corporation, or findings from a research investigation.

Reports are written to present and talk studies' findings. They offer the reader the intent for the research, an outline of the method used to behavior the research, the findings, results, a logical dialogue, and conclusions/recommendations.

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Answer:

As she is going to start a profession, she should be aware of  the feature of Profession and features of profession she should know is explained below in detail.

Explanation:

A profession is described as obtaining high expertise in a certain discipline and working to develop all that field for the well-being of the earth.

As Doctor Sapna is about to operate for the well-being of all the people. She should have fascinating of the following characteristics of professionalism, such as:

An example of an equity investment is D. A company's stock

An equity investment is an investment in the ownership of a company or other entity, where the investor purchases a percentage of the company's shares. By doing so, the investor becomes a part-owner of the company, and as such, they may receive a portion of the company's profits through dividends or by selling their shares at a higher price.

Company stocks are the most common example of an equity investment. When an investor buys stocks, they are buying a portion of the ownership of that company, and therefore they are entitled to a share of the company's profits and assets. The value of a stock can increase or decrease based on the performance of the company and market conditions, making it a potentially high-risk but also high-reward investment. On the other hand, loans, company bonds, and government bonds are examples of debt investments, where the investor lends money to an entity in exchange for a fixed rate of return. Unlike equity investments, debt investments typically have a fixed interest rate and maturity date, and the investor does not own a portion of the company.

In summary, equity investments provide investors with an ownership stake in a company, while debt investments provide a fixed income stream. While equity investments can potentially offer higher returns, they also come with higher risks, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.

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Answer:

Business security refers to the measures and procedures put in place to protect a company's assets, employees, and clients from various threats, both internal and external.

Here are some ideas of security in business:

1. Physical security: Physical security involves measures put in place to protect the physical assets of a business such as buildings, equipment, and inventory. Physical security measures may include the use of surveillance cameras, alarms, security personnel, and access controls.

2. Information security: Information security refers to the protection of sensitive information such as customer data, financial information, and trade secrets. Information security measures may include the use of firewalls, anti-virus software, encryption, and password protection.

3. Cybersecurity: Cybersecurity involves protecting a business's digital assets such as networks, computers, and software from cyber-attacks and unauthorized access. Cybersecurity measures may include the use of firewalls, anti-virus software, data encryption, and regular software updates.

4. Personnel security: Personnel security involves screening employees, vendors, and contractors to ensure that they do not pose a risk to the company's assets, clients, or reputation. Personnel security measures may include background checks, drug testing, and security clearances.

5. Emergency preparedness: Emergency preparedness involves preparing for and responding to emergencies such as natural disasters, accidents, and security breaches. Emergency preparedness measures may include emergency drills, evacuation plans, and crisis management teams.

Overall, implementing these security ideas can help a business to minimize risks and protect its assets, employees, and clients.

Explanation:

Answer:

Security is an important aspect of any business, as it helps to protect the company's assets, employees, and customers from harm. In the world of business, security refers to the measures taken to prevent theft, fraud, vandalism, and other types of criminal activity.

Security is an important aspect of any business, as it helps to protect the company's assets, employees, and customers from harm. In the world of business, security refers to the measures taken to prevent theft, fraud, vandalism, and other types of criminal activity.The idea of security in business involves creating a safe and secure environment for all stakeholders by implementing security measures such as access control, surveillance, and physical security. Business owners need to consider the potential risks and threats to their business and take measures to mitigate them.

Security is an important aspect of any business, as it helps to protect the company's assets, employees, and customers from harm. In the world of business, security refers to the measures taken to prevent theft, fraud, vandalism, and other types of criminal activity.The idea of security in business involves creating a safe and secure environment for all stakeholders by implementing security measures such as access control, surveillance, and physical security. Business owners need to consider the potential risks and threats to their business and take measures to mitigate them.In addition to physical security, cybersecurity is also a critical aspect of business security. With the increasing use of technology in business operations, companies are vulnerable to cyber attacks that can compromise their data and sensitive information. Therefore, businesses need to have robust cybersecurity measures in place to protect against cyber threats.

Security is an important aspect of any business, as it helps to protect the company's assets, employees, and customers from harm. In the world of business, security refers to the measures taken to prevent theft, fraud, vandalism, and other types of criminal activity.The idea of security in business involves creating a safe and secure environment for all stakeholders by implementing security measures such as access control, surveillance, and physical security. Business owners need to consider the potential risks and threats to their business and take measures to mitigate them.In addition to physical security, cybersecurity is also a critical aspect of business security. With the increasing use of technology in business operations, companies are vulnerable to cyber attacks that can compromise their data and sensitive information. Therefore, businesses need to have robust cybersecurity measures in place to protect against cyber threats.Overall, the idea of security in business is to create a safe and secure environment for all stakeholders, protect the company's assets and information, and ensure business continuity. By implementing appropriate security measures,

Explanation:

Hope it Helps

Answer:

The amount of the $1 tax that is paid by sellers is $0.40.

Explanation:

The amount of tax paid by the sellers can be calculated using the following 2 steps:

Step 1: Calculation of the tax burden of the seller

This can be calculated using the following formula:

Tax burden of the seller = Elasticity of demand / (Elasticity of demand + Elasticity of supply) ............... (1)

Where;

Tax burden of the seller = ?

Elasticity of demand = 2

Elasticity of supply = 3

Substituting the values into equation (1), we have:

Tax burden of the seller = 2 / (2 + 3) = 2 / 5 = 0.40, or 40%

Step 2: Calculation of the amount of the $1 tax that is paid by sellers

This can be calculated using the following formula:

Tax paid by the sellers = Tax amount * Tax burden of the seller .................. (2)

Where;

Tax amount = $1

Tax burden of the seller = 40%

Substituting the values into equation (2), we have:

Tax paid by the sellers = $1 * 40% = $0.40

Therefore, the amount of the $1 tax that is paid by sellers is $0.40.

Additional note:

The answer above clearly demonstrates what obtains in economics that when supply is more elastic than demand, sellers will bear less of the tax burden, and when demand is more elastic than supply, sellers will bear more of the tax burden.

From the question, the fact that the elasticity of supply is 3 and the elasticity of demand is 2 (in absolute value) indicates that supply is more elastic than demand. This makes the sellers to bear only 40% of the tax burden while the buyers bear the remaining 60%.

The initial equilibrium amount of hotel rooms required at the Peacock Hotel and Casino is around 300 rooms per night at a cost of $200 per room, according to the graph input tool, the starting demand parameters, and the room rate.

A condition of equilibrium is one in which the forces of supply and demand are in balance and neither prices nor quantities have a tendency to fluctuate. In a market economy, equilibrium is when the amount of an item or service that customers are willing and able to purchase equals the quantity that producers are willing and able to offer at a specific price. There is neither an excessive supply nor an excessive demand in an equilibrium market, and the only factor affecting price and quantity is how buyers and sellers interact. Because it explains how markets operate and how prices are decided, equilibrium is a key idea in economics.

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Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.

Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.

An effective structure enables employees to work together efficiently, leading to a higher level of productivity.

Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.

A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.

In conclusion, structure and culture are essential components of an organization's strategic plan.

By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.

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The unemployment rate includes marginally attached workers and underemployed workers False.

The unemployment rate for any location is calculated by dividing the number of locals who are unemployed and actively looking for work by the total local workforce.

A individual must be 16 years old and have been available for full-time employment for the previous four weeks in order to be declared jobless. During this time, the person ought to be actively hunting for work.

All unemployed people who are available to accept a job and have actively looked for employment in the past four weeks are included in the official definition of unemployment (as measured in the CPS by U-3 in the U-1 to U-6 range of choices).

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Based on the options given of different cashflows, the offer you should accept is Birr 10,000 in 12 year.

Find the present values of each offer:

Offer 1:

= Birr 1,000

Offer 2:

= 10,000 / 1.11¹²

= Birr 2,858.41

Offer 3:

= 25,000 / 1.11²⁵

= Birr 1,840.20

The offer with the highest present value is the second offer of Birr 10,000 in 12 years.

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Answer:

Revision is a process in writing of rearranging, adding, or removing paragraphs, sentences, or words. Writers may revise their writing after a draft is complete or during the composing process

Explanation:

Answer:

A.) The step in the process where you look at your work critically, asking yourself questions such as, "Will my goal be clear to the readers?"

Explanation:

I just answered this

Answer:

The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.

Answer:

is the practice of posting a discrete schedule of declining prices for different ranges of quantities

Explanation:

In the case of the second degree price discrimination, the firm should chares the different kinds of the prices as per the quantity demanded i.e. if the large quantities are ordered so it should be charged at the less price and if the small quantities are ordered so it should be charged at the high prices. The motive behind this is to motivate the bulk sales that means when the buyer purchased the products in bulk so he will get the high discounts

Therefore the third option is correct

The 4th chapter - Credit is Costly of Dave Ramseys' Workbook provides important terms relating to credit.

The key terms relating to Credit are given as follows:

• Annual Fee: A fee charged by a credit card company for the use of their credit card.

• Credit Limit: The maximum amount of money the lender is willing to loan to an applicant.

• Finance Charge: The total cost of using credit, including interest and fees.

• Origination Fee: A charge for setting up a loan, often associated with home loans.

• Loan Term: The length of time a borrower has to repay a loan. Remember, the longer the loan term, the lower the monthly payment, but the greater the interest paid over time.

• Grace Period: The length of time that the lender charges no interest on money borrowed when the borrower pays off their balance in full each month.

• Annual Percentage Rate (APR): The cost of the loan each year expressed as a percentage. All lenders are required by law to calculate APR the same way.

•  Introductory Rate: A lower interest rate offered by credit card companies, usually for a short period of time, to entice customers to sign up for credit with them. Eventually, the introductory rate expires and a new, increased rate takes effect.

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Full Question:

Although part of your question is missing, you might be referring to this full question:

What are the key terms discussed in Credit is Costly Chapter 4 Lesson 4 of  Dave Ramseys' Workbook?

Answer:

Yes Please

Explanation:

So I can get more help in school since I'm failing.

Answer:

thx

Explanation:

The various sources of data for measuring investment risk are Financial Statements, Prospectuses and Offering Circulars, Annual Reports, Market Data, and Economic Data.

Financial Statements: Financial statements are an important source of data to calculate the investment risk of a company. They contain important information regarding the financial health of a company and can help investors determine the risk associated with an investment.

Prospectuses and Offering Circulars: Prospectuses and Offering Circulars are documents that are issued by companies to provide information to potential investors about the risk associated with the company’s securities. These documents contain important information regarding the company’s financial performance, management, and strategy. They are an important source of data for investors looking to measure the investment risk of a company.

Annual Reports: Annual reports are published by companies at the end of every fiscal year. They contain important information regarding the company’s financial performance, management, and strategy. Annual reports are an important source of data for investors looking to measure the investment risk of a company.

Market Data: Market data refers to the data that is available regarding the performance of the stock market. This includes data such as stock prices, trading volume, and other financial metrics. Market data is an important source of data for investors looking to measure the investment risk of a company.

Economic Data: Economic data refers to the data that is available regarding the performance of the broader economy. This includes data such as GDP, inflation, and interest rates. Economic data is an important source of data for investors looking to measure the investment risk of a company.

In conclusion, the various sources of data for measuring investment risk include financial statements, prospectuses and offering circulars, annual reports, market data, and economic data. Each of these sources of data provides important information regarding the investment risk associated with a company. By analyzing this data, investors can make informed investment decisions and manage their risk effectively.

The question was incomplete, Find the full content below:

What are the sources of data for measuring investment risk?

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