Bearcat Construction begins operations in March and has the following transactions.
March 1 Issue common stock for $21,000.
March 5 Obtain $9,000 loan from the bank by signing a note.
March 10 Purchase construction equipment for $25,000 cash.
March 15 Purchase advertising for the current month for $1,100 cash.
March 22 Provide construction services for $18,000 on account.
March 27 Receive $13,000 cash on account from March 22 services.
March 28 Pay salaries for the current month of $6,000.
Required:
1. Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answers

Answer 1

Answer:

March 1 Issue common stock for $21,000.

Dr Cash 21,000     Cr Common stock 21,000

March 5 Obtain $9,000 loan from the bank by signing a note.

Dr Cash 9,000     Cr Notes payable 9,000

March 10 Purchase construction equipment for $25,000 cash.

Dr Equipment 25,000     Cr Cash 25,000

March 15 Purchase advertising for the current month for $1,100 cash.

Dr Advertising expense 1,100     Cr Cash 1,100

March 22 Provide construction services for $18,000 on account.

Dr Accounts receivable 18,000     Cr Service revenue 18,000

March 27 Receive $13,000 cash on account from March 22 services.

Dr Cash 13,000     Cr Accounts receivable 13,000

March 28 Pay salaries for the current month of $6,000.

Dr Salaries expense 6,000     Cr Cash 6,000

Related Questions

tình hình kinh tế và triển vọng phát triển của việt nam

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Answer:

English plzzz

Explanation:

Given that the Price of the Good is 6 pesos per unit output.

Answers

Answer:

Explanation: Total cost of X = 150, 170, 190, 220, 250, 280, 320, 360, 410, 460 Total cost of Y = 140, 145, 155, 165, 170, 175, 180, 185, 190, 195 2 Average Total

Summarize chaleff’s courageous followership?

Answers

Chaleff’s model of courageous followership is about creating a more collaborative and empowered relationship between followers and leaders, where followers are able to contribute more fully to the organization and leaders are able to benefit from the diverse perspectives and ideas of their followers.

Chaleff’s courageous followership is a model of followership that emphasizes the importance of followers taking an active role in their relationship with their leaders. According to Chaleff, followers who practice courageous followership are able to influence their leaders in a positive way, while also being able to hold their leaders accountable when necessary.
Courageous followership involves four key behaviors: 1) active engagement, which means actively participating in the work of the organization and being proactive in seeking out opportunities to contribute; 2) critical thinking, which involves questioning assumptions and challenging the status quo when necessary; 3) independent thinking, which means being able to think for oneself and not just blindly following the leader; and 4) being a responsible and courageous follower, which means taking responsibility for one’s own actions and having the courage to speak up when necessary.
Overall, Chaleff’s model of courageous followership is about creating a more collaborative and empowered relationship between followers and leaders, where followers are able to contribute more fully to the organization and leaders are able to benefit from the diverse perspectives and ideas of their followers.

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Why are there a lot of construction jobs opening up for Millennials (younger
workers)?

Answers

Answer:

I'm assuming because they need more construction workers because nobody wants to have a job like that anymore

Answer:

A lot of the workforce in the construction industry tend to be on the older side and will retire within the next decade or two

Explanation:

Discuss the challenge created for financial accountants by the presence of uncertainty.

Answers

Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.

The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:

Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.

Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.

Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.

Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.

Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.

This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.

Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.

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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)

Note: Round your answer to the nearest cent.

Answers

If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is :  $3071.

What is monthly payment?

Monthly payment can be defined as the amount a person received on a monthly basis.

First step is to convert the month to  year

Month to year = 24 / 12

Month to year = 2 years

Second step is to find the interest using this formula

I = P × R×T

Where:

I = Interest

P = Principal

R = rate

T = time

Hence

I = 63,000 × 2 × 8.5%

I = 10,710

So,

P+ I = 63,000 + 10,710

P+I = 73,710

Now let find the monthly payment:

Monthly payment = 73,710 / 24 months

Monthly payment = $3,071.25.

Monthly payment = $3,071 (Approximately)

Therefore the monthly payment is the amount of $3071

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Fill in the blanks to complete the sentence. A manufacturing company has budgeted production at 5,000 units for May and 4,400 units in June. Each unit requires 3 pounds of materials at a cost of $10 per pound. On May 1, there are 2,750 pounds of materials on hand. The company desires an ending inventory of 60% of the next month's materials requirements. The total cost of direct materials purchases for May will be $ .

Answers

Answer:

Direct material purchases in May = 21,670× $10= $216,700

Explanation:

Material purchase budget is determined by adding the closing inventory of material to the material usage budget less the opening inventory.

Material budgets for May will be prepared as follows:

Materials needed for May production = 5,500 × 3 = 16,500

Materials needed for June production = 4,400× 3= 13,200

Closing inventory of raw material in May =60% × June requirement = 60% × 13,200 =7,920

 Material purchase budget for February = Usage budget + closing inventory - opening inventory

= 16,500 + 7,920- 2,750=21,670

Direct material purchases in May = 21,670× $10= $216,700

How might a companies mission, vision, or values support or detract from it’s competitive advantage and customer value proposition?

Answers

A company's mission, vision, and values can significantly impact its competitive advantage and the customer value proposition.

What is competitive advantage?

A competitive advantage is the unique set of qualities or attributes that allow a business to outperform its competitors. This could be anything from proprietary technology, access to resources or distribution channels, superior customer service, or a strong brand reputation. Essentially, it is what makes a company stand out and succeed in its industry. A competitive advantage enables a business to generate more revenue, acquire and retain customers, and ultimately achieve a greater market share. It is important for businesses to identify and cultivate their competitive advantages to maintain their position in the marketplace and continue to grow. However, it's worth noting that competitive advantages are often short-lived, and businesses must continually innovate and adapt to maintain their edge over time.

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You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 1,400 − 4P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2.

If other firms in the industry sell PCs at $300, what quantity and price of computers should you produce to maximize your firm’s profits?



Instructions: Round your response to the nearest whole number.



Quantity: _____ computers

Instructions: Round your response to the nearest penny (two decimal places).

Price: $_____


What long-run adjustments should you anticipate?

multiple choice
Entry by other firms along with increased profits.
Exit by other firms along with decreased profits.
Entry by other firms, reducing your profits.
Exit by other firms, increasing your profits.

Answers

The quantity and the price of computers that should be produced to maximize the firm’s profits are 78 units and 330.50 respectively.

The weekly demand for computers is given as: Q = 1,400 − 4P

Therefore, the inverse weekly demand for computers will be: P = 350 - 0.25Q

The total revenue will be gotten by multiplying the price and quantity. This will be: TR = (350 - 0.25Q)Q = 350Q - 0.25Q²

Therefore, marginal revenue will be:

MR = 350 - 0.5Q

The weekly cost of producing computers is C(Q) = 1,200 + 2Q² Therefore, the marginal cost will be:

MC = 4Q

The profit maximizing condition will be:

MR = MC

350 - 0.5Q = 4Q

4.5Q = 350

Q = 77.78 = 80 approximately

The quantity produced should be 80 units.

Since P = 350 - 0.25Q

P = 350 - 0.25(78)

P = 350 - 19.50

P = 330.50

The price is 330.50

Therefore, the long-run adjustment that should be anticipated is the entry by other firms, reducing your profits.

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Individual consumers are considered as:

communication
possible customers
competition
demographics

Answers

B. Possible customers

Describe how sales and consumer-related legislation and regulations affect the delivery of customer service

Answers

Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.

There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.

Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.

Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.

Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.

Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.

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Which of these is not a way to reduce employees' stress?

Select one:

a.
Help out

b.
Promote collaboration

c.
Encourage tense situations

d.
Ask for input

Answers

The correct answer would c

why do demographic shifts and technological developments create both challenges and new opportunities for business​

Answers

Answer:

As the population ages, with proportionally more older people and fewer younger people, demand patterns shift and opportunities arise in new markets. That means some industries will suffer or need to undergo dramatic shifts to remain relevant.

Explanation:

The economy's underlying growth rate, savings rates, consumption patterns, and investment are all opportunities whereas Lack of resources to support the entire population is one of the key problems brought on by the demographic transition.

What are demographic shifts?

A phenomena and theory known as "demographic transition" describes the historical change from nations with high birth rates and high mortality rates.

Any statistical component that affects population growth or decline can be included in demographics, however a few criteria are especially crucial: Size, density, age distribution, mortality , and sex ratio of the population.

Numerous characteristics known as demographics can be used to predict consumer purchasing patterns or product preferences. Through these distinct characteristics, the majority of businesses may identify their main clients. They then use incentives and marketing to target customers who share these traits.

Lack of resources to support the entire world population, the consequences of climate change, contamination, and population aging are the key issues faced because  of demographic transition.

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A contract for the sale of a business is not subject to UCC.
True or false?

Answers

Uniform Commercial Code (UCC) are known to be rules governing business transactions. A contract for the sale of a business is not subject to UCC is a false statement.

The UCC are regarded as set of rules that is often applied to many types of commercial contracts. They include contracts related to the sale of goods, leasing of goods, use of negotiable instruments etc.

The Uniform Commercial Code (UCC) is known to have a lot of different set of laws that helps in governing all commercial transactions in the United States.

They are not federal law, but are said to be uniformly adopted state law. It is regarded as the framework of American commerce.

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what's scarce resource?

Answers

Answer:

A limited amount of resources causing an increase in price

Explanation:

Answer:

Very little of coal or tin just any resource with a little amount . . . brainleist pwease

why is it important for Holmes not to be the only person interviewing job candidates?

Answers

Answer:

Sherlok asked him wasssupppp and got job.

Explanation:

So there can be different perspectives and answeres

If the demand for steak increases as income increases, this means that steak is a(n): Multiple Choice complementary good. normal good. inferior good. substitute good.

Answers

Answer:

i believe the answer is NORMAL GOODS

Explanation:

A normal good is a good that experiences an increase in its demand due to a rise in consumers income.

Hope this helps !

Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.

Answers

You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.

Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).

Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.

Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.

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Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,000 May 412,000 June 415,900 Wight typically pays 25% on account in the month of billing and 75% the next month.
Required:
1. How much cash is required for payments on account in May?
2. How much cash is expected for payments on account in June?

Answers

Answer:

Wight Inc.

1. The cash required for payments on accounts in May

= $383,500

2. The cash required for payments on accounts is:

= $412,975

Explanation:

a) Data and Calculations:

                                                             April             May            June

Expected purchases on account   $374,000    $412,000    $415,900

Cash Payments:

Month of billing (25%)                     $93,500    $103,000     $103,975

Next month (75%)                                               280,500      309,000

Cash required for payments on accounts      $383,500     $412,975

Sofia worries that if something happens to her husband and he dies, she will lose everything—their home, their cars, etc. Which type of business should Sofia consult to see if there is a plan available to cover her expenses if her husband dies?

A.
stock-held savings institution

B.
web-only financial institution

C.
mutual fund company

D.
life insurance company

Answers

Answer:

D

Explanation:

She is worried about losing everything and having life insurance is what everyone does when wanting to keep something after a love one dies.

Answer:

D.

life insurance company

Explanation:

D.

life insurance company

Ill give Brainliest to the one that awnsers

List 3 negative consequences of Chapter 7 and 13 Bankruptcy.

Answers

Answer:

As with any legal process, bankruptcy is a complex issue with both positive and negative consequences. Anyone considering filing for bankruptcy should consider all the possible outcomes before taking this step. Whether one is considering a Chapter 7 straight bankruptcy or a Chapter 13 repayment plan case, consulting with a qualified consumer bankruptcy attorney is paramount to ensuring that the process runs smoothly and advantageously.

if i put 5000 in the education savings account what percentage will make it double after 12 years?

Answers

An annual interest rate of approximately 6.1% might double a $5,000 investment in an education savings account after 12 years.

To decide the percentage that could double a $5,000 investment in an education savings account after 12 years, we will use the compound interest formulation:

\(A = P(1 + r/n)^{(nt)\)

Where:

A = final amount P = primary quantityr = Annual interest fee n = number of times interest is compounded consistent with 12 monthst = number of years

In this situation, we have P = $5,000, A = $10,000 (double the preliminary funding), t = 12 years, and we need to find the yearly interest rate (r) that would gain this doubling.

let's anticipate the interest is compounded annually (n = 1):

\(10,000 = 5,000(1 + r/1)^{(1*12)\)

Dividing both sides of the equation via 5,000:

\(2 = (1 + r)^{12\)

Taking the 12th root of each sides:

\(1 + r = 2^{(1/12)\)

Subtracting 1 from both sides:

\(r = 2^{(1/12) - 1\)

Calculating this value gives us about 0.061 or 6.1%.

Consequently, an annual interest rate of approximately 6.1% might double a $5,000 investment in an education savings account after 12 years.

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QUESTION 10 of 10: Your business owns an old truck. Liability insurance is required; collision is optional. Collision insurance costs $500 per year. The old truck has a value of $750. You think the likelihood of having a serious collision in a year is about 10%. Should you get the collision insurance? O a) Yes Ob) No​

Answers

the answer for this question is No

hope this helps

Answer:

no

Explanation:

I had this one.


Beech's managers have made the following additional assumptions and estimates:
25
points
eBook
Print
1. Estimated sales for July, August, September, and October will be $210,000, $230,000, $220,000, and $240,000, respectively.
2. All sales are on credit and all credit sales are cofected. Each month's credit sales are collected 35% in the month of sale and 65%
In the month following the sale. All of the accounts receivable at June 30 will be collected in July,
3. Each month's ending inventory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The
company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following
the purchase. All of the accounts payable at June 30 will be paid in July.
4. Monthly selling and administrative expenses are always $60,000. Each month $5,000 of this total amount is depreciation expense
and the remaining $55,000 relates to expenses that are pald in the month they are incurred,
5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company
does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30,
References
Required:
1. Prepare a schedule of expected cash collections for July, August, and September
2-a. Prepare a merchandise purchases budget for July, August, and September
. Also compute total merchandise purchases for the
quarter ended September 30.
2-6. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.
Dronare an income statement that comnite nat nerating income for the cuarter andart Sentomhar an

Answers

1. The preparation of the schedule of expected cash collections for July, August, and September for Beech Corporation is as follows:

Cash Collections:

                                              July          August       September

Estimated sales              $210,000    $230,000       $220,000

Cash collection:

35% sales month            $178,500      $80,500         $77,000

65% month following       140,000       136,500          149,500

Total cash collections  $318,500    $217,000       $226,500

2. The preparation of a schedule of merchandise purchases for July, August, and September for Beech Corporation is as follows:

Merchandise Purchases:

                                            July          August       September

Estimated sales            $210,000    $230,000      $220,000

Cost of goods sold      $126,000     $138,000       $132,000

Ending inventory          $69,000      $66,000         $72,000

Goods available          $195,000    $204,000      $204,000

Beginning inventory      60,500         69,000           66,000

Purchases                  $134,500    $135,000       $138,000

The total merchandise purchases for the quarter ended September 30 is $407,500 ($134,500 + $135,000 + $138,000).

2-b. The preparation of a schedule of expected cash disbursements for merchandise purchases for July, August, and September for Beech Corporation is as follows:

Cash Disbursements:

                                          July            August       September

Purchases                   $134,500       $135,000        $138,000

Cash payment for purchases:

40% month of purchase $53,800    $54,000         $55,300

60% month following       88,000     $80,700           81,000

Total cash payment     $141,800   $134,700      $136,300

3. The preparation of an income statement showing the net operating income for the quarter for Beech Corporation is as follows:

Beech's Corporation

Income Statement:

                                            July        August       September      Total

Estimated sales            $210,000  $230,000      $220,000   $660,000

Cost of goods sold      $126,000   $138,000       $132,000      396,000

Gross profit                   $84,000    $92,000         $88,000   $264,000

Expenses:

Selling and admin.        $60,000  $60,000         $60,000    $180,000

Net income                  $24,000   $32,000        $28,000     $84,000

Data and Calculations:

Sales Budget and Cash Collections

                                            July        August       September      October

Estimated sales            $210,000  $230,000       $220,000    $240,000

Cash collection:

35% sales month          $178,500    $80,500         $77,000       $84,000

65% month following     140,000     136,500          149,500        143,000

Total cash collections $318,500    $217,000      $226,500     $227,000

                                            July        August       September      October

Estimated sales            $210,000  $230,000      $220,000    $240,000

Cost of goods sold      $126,000   $138,000       $132,000      $144,000

Ending inventory          $69,000    $66,000         $72,000

Goods available          $195,000  $204,000      $204,000

Beginning inventory      60,500       69,000           66,000

Purchases                   $134,500   $135,000        $138,000

Cash payment for purchases:

40% month of purchase $53,800   $54,000      $55,300

60% month following       88,000    $80,700         81,000

Total cash payment     $141,800  $134,700    $136,300

Beech Corporation

Balance Sheet at June 30:

Assets:

Cash                                    $75,000

Accounts receivable           140,000    143,000

Inventory                               60,500

Plant and Equipment         227,000

Total assets                     $508,500

Liabilities:

Accounts Payable             $88,000  $82,700

Common Stock                   311,000

Retained Earnings             109,500

Total liabilities & equity $508,500

Thus, the net operating income for the quarter ended September 30 for Beech Corporation is $84,000.

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Don is thinking of borrowing $10,000 from Hancock Whitney Bank. He promises Hancock Whitney cash flows of $5,000 every year for the next three years. If Hancock Whitney Bank's cost of capital is 10%, what is the present value of the stream of cash flows?

Answers

The present value of the stream of cash flows is $2,434.26.

What is the present value?

Present value is the sum of discounted cash flows. The cash flows would be discounted using the cost of capital.

Present value = C / (1 + r)^n

Where:

C = cash flow r = cost of capital n = number of years

-10,000 + [5,000 / 1.1] + [5000 / 1.1²] +  [5000 / 1.1³] = $2,434.26

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What are the disadvantages of centralization of authority

Answers

Answer:

abuse of authority.

not smooth functioning.

What types of firms lend to businesses needing capital or long-term funds?


A) Insurance companies


B) Pension and trust services


C) Commercial finance companies


D) Pension funds

Answers

Answer:

c

Explanation:

There are some Companies that lend money and treat loans. The type of firms lend to businesses needing capital or long-term funds is Commercial finance companies.

A financial institution (FI) is known to be a type of company that is involved in the business dealings where financial and monetary transactions such as deposits, loans, investments are made.

Commercial finance company is simply known to be a type of finance institution where loans are made available to manufacturers and wholesalers.

Conclusively, this Commercial finance company gives loans that can be paid back in a longer run to people who want to start up business.

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Liz has set up a new employee with Standard user access but has unchecked the Payroll access box. Which part of QuickBooks Online will the new employee not have access to?
A. Bank Registor
B. Employees Tab
C. Contractors Tab
D. Report Center

Answers

If im correct, B would be the right answer

The part of the Quick book online in which the new employee does not have access is the employee tab.

The following information should be considered as relevant:

The payroll access should be given in the employee tab.The new employee does not have access to the employee tab because the access box of the payroll remains unchecked.

Thus, the other options are not correct.

Therefore we can conclude that The part of the Quick book online in which the new employee does not have access is the employee tab.

Learn more about the payroll here: brainly.com/question/9497135

If food you are reheating for hot holding doesn’t reach 165 degrees within 2 hours what must you do?
a. Throw the Food away
b. Cooks the food properly and reheat again
c. Immediately start the reheating process over again
d. Serve the food immediately

Answers

If food one is reheating for hot holding doesn't reach 165 degrees within 2 hours; Immediately start the reheating process over again.

Reheating for hot holding;

Keeping hot foods ready to serve to the public is simply termed “hot holding”. Hot holding stops germs from growing when food is kept at hot temperatures. This is in line with public safety guidelines and lowers the risk that someone will get sick from eating food.

However, If food you are reheating for hot-holding doesn’t reach 165 degrees within 2 hours; Then, the reheating process is inadequate and one must immediately start the reheating process over again.

Read more on hot holding;

https://brainly.com/question/12883483

plzz someone help me

plzz someone help me
plzz someone help me

Answers

Those are really blurry can you do different pictures
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