Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system.
May24Coleman Company pays dividends of $1,500.
October11Coleman Company pays $1,000 for monthly advertising expenses.

Answers

Answer 1

Answer:

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.

Explanation:

Rules:

Debit side:

Increase in asset

Increase in expense

Decrease in liability

Decrease in equity

Decrease in income or sales

Credit side:

Decrease in asset

Decrease in expense

Increase in liability

Increase in equity

Increase in income or sales

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.


Related Questions

why banks exist as financial intermediaries.

Answers

Answer:

Banks act as financial intermediaries because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks and repay the loans with interest.

Explanation:

;)

Ivan is upset because he feels that Yvette never listens to his ideas in meetings. In their last meeting he offered a suggestion, and Yvette responded by rolling her eyes and ignoring his comment. How should Ivan BEST approach Yvette and communicate with her to try to resolve this conflict?

Answers

A personal dialogue with Yvette asking why she never listens is the best first step to take. When the "why" is established, then using empathy and listening skills, Ivan can attempt to put himself in Yvette's shoes to hear the things he says from her perspective.

This will create understanding and help Ivan to be able to speak in the language that Yvette can understand, thus, resolving the conflict.

What is conflict?

Conflict is defined as a fight and a collision of interests, opinions, or even values. A dispute will always exist in society, regardless of whether the source of the conflict is personal, racial, class, caste, political, or international.

Well-managed conflict results in improved engagement and creativity, whereas badly managed conflict results in increased stress and worry. Jobs that deal with people are more likely to cause conflict.

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What is collateral? What does it mean to give collateral?

Answers

Collateral refers to an asset or property that a borrower pledges to a lender as a form of security for a loan. It is a valuable asset of the borrower that helps to reduce the risk for the lender in case the borrower defaults on the loan.

When a borrower gives collateral, they are essentially providing a form of security to the lender to ensure that if they cannot repay the loan as agreed, the lender can recover their losses by selling the collateral asset. The value of the collateral should be equal to or greater than the amount of the loan.

Giving collateral can also help the borrower qualify for better loan terms, such as a lower interest rate or a higher loan amount, as it helps to reduce the risk for the lender.

Common types of collateral include real estate, vehicles, stocks, bonds, and other valuable assets.

Collateral refers to an asset or property that is pledged by a borrower to a lender as security for a loan or debt. Giving collateral means providing the lender with an asset or property that holds value and can be used to secure a loan.

Collateral acts as a form of guarantee that the borrower will fulfill their financial obligation to the lender. In the event that the borrower defaults on the loan, the lender has the right to seize and sell the collateral to recover the amount owed. Common forms of collateral include real estate properties, vehicles, stocks, bonds, jewelry, or other valuable assets.

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True/ false. Initiative means acting only when asked to.

Answers

False. It involves the ability to take charge of things or starting/doing things independently on ones own.
false, initiative means taking an opportunity before anyone. so basically without being asked to.

A value proposition represents the value that _____
A. A seller will realize when it sells the product or service.
B. A customer will realize when he purchases the product or service.
C. A product or service has to offer.
D. Is the ratio of seller’s value to customer’s value.

Answers

Answer:

a customer will realize when he purchases the product or service

A value proposition represents the value that a customer will realize when they purchase the product or service. The correct option is B.

What is the value proposition of a product or service?

A value proposition is a concise statement that encapsulates the reasons why a customer would select your good or service. It expresses the value that clients take away most clearly from doing business with you.

A value proposition is a statement or promise that communicates the unique benefits or advantages that a product or service offers to its customers. It is a way of answering the question, "why should I buy this?" and it helps to differentiate a product or service from its competitors. A value proposition should focus on the customer's needs and desires, and communicate how the product or service can meet those needs or solve their problems. While a seller may also realize value when they sell the product or service, the focus of the value proposition is on the customer and the value they will receive.

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if competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be _________.

Answers

Answer:

If competitors cannot easily copy the benefit a company chooses to promote, the benefit is said to be preemptive.

effects of media industry on business advocacy

Answers

Answer:

Scholarly articles for effects of media industry on business advocacy

Identify the rights of employees that are covered by the Wagner and Taft Hartley Acts.
A. The right to nominate candidates for union office.
B. The right to participate in union meetings and secret ballot elections.
C. The right to choose whether they join a union.
D. The right to examine a union's financial records.
E. The right to block non-striking employees from entering the workplace.
Over the past 35 years (early 1980s to the present) union membership in the public (or government) sector has been relatively constant at
A. 10 percent
B. 35 percent
C. 50 percent
D. 60 percent
E. one million workers.

Answers

The rights of employees covered by the Wagner and Taft Hartley Acts is the right to choose whether they join a union. Option C.

Over the past 35 years, union membership in the public (or government) sector has been relatively constant at 35 percent. Option B.

What are Wagner and the Taft-Hartley Acts?

The Wagner (1935) and the Taft-Hartley (1947) Acts are U.S. federal laws that gave employees the right to join unions.

Wagner Act helped to pass the National Labour relations Act, which tremendously expanded the rights of labor workers by allowing them to join organized trade unions and bargain for better working conditions.

However, Taft-Hartley Labor Management Relations Act extended and amended Wagner Act and placed many new restrictions on labor unions in the United States.

The union membership rate in the U.S. public (or government) sector has been relatively constant at 35 percent.

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The information of manufacturing cost of product A and products B in
THANH company in 200N as follows:
Production cost per unit (S)

Product A
Materials 200
Wages 100
Fixed overhead 350
Variable overhead 150
Profit 200
Selling price 1000
Output per week 200

Product B
Materials 150
Wages 200
Fixed overhead 100
Variable overhead 200
Profit 350
Selling price 1000
Output per week 100

Required:
Comments on the relative profitability of product A and products B in THANH company in 200N

Answers

Manufacturing cost  of both product A and product B have a profit margin of $0 per unit.

To assess the relative profitability of product A and product B in the THANH company in 200N, we need to compare their profit margins. Profit margin is calculated by subtracting the production cost per unit from the selling price per unit.

Let's calculate the profit margins for both products:

Product A:

Selling price per unit: $1000

Production cost per unit: $200 (Materials) + $100 (Wages) + $350 (Fixed overhead) + $150 (Variable overhead) + $200 (Profit) = $1000

Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0

Product B:

Selling price per unit: $1000

Production cost per unit: $150 (Materials) + $200 (Wages) + $100 (Fixed overhead) + $200 (Variable overhead) + $350 (Profit) = $1000

Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0

From the calculations, both product A and product B have a profit margin of $0 per unit.

Based solely on the profit margins, it appears that neither product A nor product B is profitable for the THANH company in 200N. However, it's important to note that this analysis only considers the production cost per unit and does not take into account other factors such as demand, market conditions, or overall company profitability.

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what is the top fastest car in the world from any brand.

Answers

Bugatti Chiron Buggati Veyron and Also Devil Sixteen. Devil Sixteen has a horse power of 5000.

The following is the Krock Ltd. as on 31st March current year. Equity Share: 10000 Share (Rs. 100 FV each) = Rs. 100000 12% Preference Share (of Rs. 100 each) = Rs. 400000 10% Debentures = Rs. 600000 The market price of the company’s share is Rs 110 and it is expected that a dividend of Rs 10 per share would be declared at the end of the current year. The dividend growth rate is 6 per cent. If the company is in the 35 per cent tax bracket, compute the weighted average cost of capital based on book value weights.

Answers

Answer:

Explanation:

Weighted Average Cost of Capital (WACC) = (Weight of Equity x Cost of Equity) + (Weight of Preference Shares x Cost of Preference Shares) + (Weight of Debt x Cost of Debt x (1-Tax Rate))

Weight of Equity = (10000 x 100) / (100000 + 400000 + 600000) = 0.16

Cost of Equity = (Dividend per share / Market Price per share) + Growth Rate

= (10 / 110) + 0.06 = 0.077

Weight of Preference Shares = (400000 / (100000 + 400000 + 600000)) = 0.64

Cost of Preference Shares = 12%

Weight of Debt = (600000 / (100000 + 400000 + 600000)) = 0.20

Cost of Debt = 10%

Weighted Average Cost of Capital (WACC) = (0.16 x 0.077) + (0.64 x 0.12) + (0.20 x 0.10 x (1 - 0.35))

= 0.0123 + 0.0768 + 0.065 = 0.1561 or 15.61%

Besides chlorine, what are the chemical sanitizers approved for operations?

Answers

Explanation:

Chemicals that are approved sanitizers are chlorine, iodine, and quaternary ammonium.

Rediger Inc. a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to jobs was $51,000. The cost of goods manufactured for June was: _________.
a. $141,000
b. $139,000
c. $134,000
d. $136,000

Answers

Answer:

b. $139,000

Explanation:

The cost of goods manufactured is the total costs incurred in the month of June in producing goods which comprise direct costs of labor, direct materials,factory overhead and so on shown in the attached excel file.

Rediger Inc.  

Cost of goods manufactured schedule  

Direct materials purchased  $55,000  

Direct labor                        $28,000  

Total direct costs                 $83,000  

factory overhead                  $51,000  

Total manufacturing costs  $134,000  

Work in process  1/1          $22,000  

Work in process  12/31         ($17,000)

Cost of goods manufactured      $139,000  

The difference between the lower class limits of adjacent classes provides?

Answers

Answer:

C

Explanation:

There is $257 in your account and you earn simple interest of 3.2% for 5 years. What is your new balance?

Answers

Answer:

I am not 100% sure but I think that the answer is $298.12

Discuss the relationship between competition and consumer expectations.

Answers

Answer:

The relationship between competition and consumer expectations is by what the compitition is creating in terms of product and functionability. And the consumer expectation is what will help the by buying into this product.

Explanation:

Imagine that you are called for an interview for the position of a team leader in an IT firm. Mention the behavioral skills that you should possess to qualify for this position, apart from the professional qualifications.

Answers

The behavioral skills that the person vying for the team leader position should have include:

Time ManagementCommunication skillsPatienceSelf-improvementEmotional Intelligence,Self-confidence

What are behavioral skill?

The ability to communicate with others and react to specific situations depends on a person's behavioral skills. These abilities can be used to interpret a person's behavior, ideas, and feelings. Many behavioral traits are social abilities that aid in interpersonal connections and relationship formation.

A team leader is a qualified individual in charge of managing, directing, and guiding a whole team. They are in charge of energizing their team members and encouraging open communication among them so that they can cooperate to accomplish objectives.

In this case, it's important that they have good communication skills to enable then communicate well with their team members.

The person should also be confident and have a positive mindset.

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Ughhhh, My questions are not getting answered!!!!!
What are the highest-paying jobs with and without college degrees?

Answers

Answer:

Explanation:

Railway operators or commercial pilots are the highest paying job without degrees with a whopping 56k-100k in money. Patrol officer may come nest but many vary.

Answer:

food service manager, truck driver, professional house cleaner, courier, material handler, warehouse associate, route driver, caregiver

Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.76 per sandwich. Sandwiches sell for $8.00 each in all locations. Rent and equipment costs would be $5,000 per month for location A, $5,500 per month for location B, and $5,800 per month for location C.

a. Determine the volume necessary at each location to realize a monthly profit of $10,000. (Do not round intermediate calculations. Round your answer to the nearest whole number.)






b-1. If expected sales at A, B, and C are 21,000 per month, 22,000 per month, and 23,000 per month, respectively, calculate the profit of the each locations? (Do not round intermediate calculations. Round your answer to the nearest whole number.)





b-2. Which location would yield the greatest profits?

multiple choice
Location A
Location B
Location C Correct

Answers

a. The contribution margin per sandwich is $8.00 - $1.76 = $6.24. To earn a profit of $10,000, the number of sandwiches that must be sold at each location is:

For location A: ($10,000 + $5,000) ÷ $6.24 = 2,237 sandwiches

For location B: ($10,000 + $5,500) ÷ $6.24 = 2,431 sandwiches

For location C: ($10,000 + $5,800) ÷ $6.24 = 2,563 sandwiches

Rounded to the nearest whole number, the necessary volumes are:

For location A: 2,237 sandwiches

For location B: 2,431 sandwiches

For location C: 2,563 sandwiches

b-1. The monthly profit for each location can be calculated as:

For location A: (21,000 × $6.24) - $5,000 = $79,440

For location B: (22,000 × $6.24) - $5,500 = $86,480

For location C: (23,000 × $6.24) - $5,800 = $93,720

Rounded to the nearest whole number, the profits are:

For location A: $79,440

For location B: $86,480

For location C: $93,720

b-2. Location C would yield the greatest profits, as it has the highest monthly profit of $93,720.

What is the necessary volume for location A to realize a monthly profit of $10,000?A) 8,523B) 10,798C) 12,841

To determine the necessary volume for location A to realize a monthly profit of $10,000, we need to calculate the total costs for location A, which is the sum of the labor and materials costs, rent and equipment costs, and the desired profit. This would be $16,760 per month ($1.76 per sandwich x volume + $5,000 = $16,760). Solving for the volume, we get 10,798 sandwiches (rounding up to the nearest whole number) to achieve a monthly profit of $10,000. Therefore, the answer is B) 10,798.

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The market price of calzones in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because a new type of pizza oven allows pizza shops to make a calzone in half the time. Other students attribute the decrease in the price of calzones to a recent increase in the price of beer. Everyone agrees that the increase in the price of beer was caused by a recent increase in the price of hops, which are not generally used in making calzones. Assume that pizza parlors and burger joints are entirely separate entitiesâthat is, there aren't places that serve both calzones and cheeseburgers. The first group of students thinks the decrease in the price of calzones is due to the fact that a new type of pizza oven allows pizza shops to make a calzone in half the time.

Required:
Draw the graph, that adjust the supply and demand curves to illustrate the first groupâs explanation for the decrease in the price of calzones.

Answers

On the graph, we will adjust the supply and demand curves to illustrate the decrease in the price of calzones by making the supply curve shifts to the right.

What happen when supply curve shifts to the right?

When the supply curve shifts to the right, its means that there is an increase in the change in supply.

Hence, the increase in the change in supply makes price of product reduces at there is enough availability of the product.

In conclusion, we will adjust the supply and demand curves to illustrate the decrease in the price of calzones by making the supply curve shifts to the right.

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John James earned $250,000 as net sales. He has cost of goods sold of $158,000 and transfer profit from goods manufactured of $80,000. What will be his overall income before deducting other expenses in his Statement of Profit or Loss?

Answers

Answer:

yas I want

Explanation:

yas I want

yas I want

yas I want

yas I want

yas I want

yas I want

yas I want yas

yas I want yas

yas I want yas

(More than 1 answer)Which of the following collect and evaluate career outlook information: Internal Revenue Service
U.S. Department of Labor
Colleges and universities
State departments of education.

Answers

Answer: U.S. Dept. of Labor, Universities, and Colleges, as well as, State Department of Education collect and evaluate career outlook information.

Explanation:

The collect and evaluate career outlook information: Internal Revenue Service are U.S. Department of Labor, State departments of education & Colleges and universities.

What do you mean by the career outlook?

The word "job outlook" refers to the projection of the expected change in a specific occupation. This forecast is typically made based on how many individuals are anticipated to work in a particular occupation over a certain amount of time, such five or ten years.

The job outlook is a projection of how many people will be working in a specific occupation over a given time period, such as two years, five years, or 10 years.

Therefore, the collect and evaluate career outlook information: Internal Revenue Service are U.S. Department of Labor, State departments of education & Colleges and universities.

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The production planning department has developed the forecast for End Item A for periods 1-7 as 240, 345, 320, 275, 315, 330, 340. You can use the tables provided on the following pages. (a) Determine the planned order releases for Component B, which is planned on a lot-for-lot basis. Indicate your answer here.

Answers

Answer:

.........................................................

Explanation:

..............................................

The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.

Answers

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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Which of the following financial institutions is a not-for-profit organization?

Commercial Bank
Commercial Bank

Credit Union
Credit Union

Savings and Loan
Savings and Loan

All of the these are correct since financial institutions do not make profits

Answers

Answer:

Credit Union

Explanation:

A not for profit organization means the organization whose main goal is not to make the profit. Here the main goal is to provide the services for a particular services or to give the benefit to the people.

Like the financial services give to the members of the credit union

Therefore as per the given options, the second option is correct

Credit Union is a financial institution that is not for profit organization.

Credit union functions to serve the members by offering the products at affordable rates and fees. The credit union changes the interest fees into products it offers in this way the credit union is not for profit organization. Other financial institutions like commercial bank, savings and loan, banks give these profits to its shareholders.

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Target market demographics can help you determine which ____________________ would be most effective for marketing.

A) business card fonts
B) social media platforms
C) style of flyers

Answers

Target market demographics can help you determine which social media platforms would be most effective for marketing. Thus, the correct answer is option B.

A target market is a group of people who have been selected as the most likely potential purchasers for a product based on factors such as age, income, and lifestyle.

When a company creates, packages, and advertises its product, identifying the target market is an important element of the decision-making process and helpful in marketing. Everyone who can be defined as belonging to a given age group, income level, gender, occupation, and education level is included in the target market demographics.

Therefore, the appropriate answer is option B.

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Help! I need to match the type of information with the section of the business plan it fits in.

Help! I need to match the type of information with the section of the business plan it fits in.

Answers

Suppliers who provide the goods and services your business needs to operate

Why is it so important to do competitive analyses?

The objective of a competition analysis is to uncover any market gaps and to comprehend your competitors' advantages and disadvantages in comparison to your own. An essential part of any business strategy is the competitor analysis because it will help you refine your own.

A financial analysis is exactly what?

Financial analysis is the word used to describe an assessment of the viability, stability, and profitability of a project, a sub-project, or a firm. It is completed by professionals that compile reports utilizing ratios and other approaches, utilizing information from financial statements and other reports.

How will your business stand out from the competition in terms of both products and services?- Goals and StrategyMission Statement- Oragnizationsuppliers that your business uses to create its goods-  Product and servicesThe sum of money required to launch the business- Funding request An overview of your rival- Competitive AnalysisYour advertising plan- Marketing and SalesThe company's financial history- Financial AnalysisThe outline of the requirements and preferences of your potential clients- Market Analysisa list of the company's departments- Executive Summary

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what is the importance of analyzing and recording transactions​

Answers

Transaction analysis is a common activity for accountants. The process often involves looking at the documents that support a business activity. Accountants must make various judgments based on the information contained in these documents. This analysis is necessary for all transactions to meet specific purposes in traditional accounting activities.

how does understanding culture important in business?​

Answers

Hopes this helps:

Answer:

The significance of Culture. Understanding a county’s culture is a sign of respect. It also helps to foster effective communication, a vital factor in business success. Values and attributes such as frugality, trust and endurance may viewed differently in other countries.

Does the store sell consumer products or industrial products why would you describe the store’s products this way?

Answers

Industrial goods are materials used in the production of other goods, while consumer goods are finished products that are sold to and used by consumers. Industrial goods are bought and used for industrial and business use.

What is the difference between selling of consumer and industrial products?

One method of categorizing items is by who the target consumer or customer is. There is a significant contrast between goods and services meant for use by individuals and homes (consumer products) and goods and services designed for use by other enterprises ( industrial products). Products are categorized into four groups depending on customer behaviors, pricing, and product characteristics: convenience goods, shopping goods, specialist products, and unsought goods.

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