Moss County Bank agrees to lend the Sandhill Co. $635000 on January 1. Sandhill Co. signs a $635000, 6%, 9-month note. The entry made by Sandhill Co. on January 1 to record the proceeds and issuance of the note is

a

Interest Expense 28575
Cash 606425
Notes Payable 635000
b

Cash 635000
Interest Expense 28575
Notes Payable 635000
Interest Payable 28575
c

Cash 635000
Notes Payable 635000
d

Cash 635000
Interest Expense 28575
Notes Payable 663575

Answers

Answer 1

Answer:

Cash 635000

Notes Payable 635000

Explanation:

As per the data given in the question,

The journal entry for issuance of the note is  

Cash $635,000

            To Notes payable $635,000

(Being the issuance of the note is recorded)

Here, Cash will increase the assets value and Notes payable will increase the liabilities value so both the accounts are debited and credited respectively.

Therefore, option C is correct


Related Questions

yes or no. Is the Broker website powered by MLS data?

Answers

N/A MLSs are private databases that are created, maintained and paid for by real estate professionals to help their clients buy and sell property.

if the pictures are not the same size when they are selected from a file

Answers

There’s no picture scab
Sorry dude u need to finish the question

BCG growth share matrix

Answers

The BCG growth-share matrix is a business analysis tool that helps companies analyze their portfolio of businesses and products based on two key factors: market growth rate and market share.

What are the quadrants of the BCG matrix?

"Stars" - high market growth rate and high market share products, which are expected to continue growing and generating profits;

"Cash cows" - low market growth rate and high market share products, which generate steady profits that can be invested in other areas;

"Question marks" or "problem children" - high market growth rate and low market share products, which require investment to increase their market share;

"Dogs" - low market growth rate and low market share products, which may be candidates for divestment or discontinuation.

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3. Planning, and controlling & evaluation are considered as the two sides of a coin. Discuss why they are considered like this with examples. (5 points)​

Answers

Answer:

planning and controling and evaluating are considered as the two side of acoin .why they are considered like thise with example

Explanation:

Planning is an important factor that preceded implementation, controlling and evaluation work closely with planning to achieve a goal.

What is planning?

Planning involves setting objectives and goals with targets and formulating a plan or program to achieve them.

The activities or plan helps the managers or individuals to analyze progress.

Planning, controlling and evaluation are three important factors that works together to achieve success.

Planning comes first in managementControlling or monitoring then follows to guide the plans Evaluation helps to measure the rate of success.

Therefore, Planning, controlling and evaluation are three important factors that work together for effective management and to achieve success.  

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which of the following would be included in the set of electrical plans for individual residence?

A. Individual romex cables
B. Power panels to be installed
C. routes of cables
D. Wire sizes

Answers

Answer:

A. Individual romex cables

Explanation:

Individual romex cables would be included in the set of electrical plans for individual residence.

This is because they are a non-metallic sheathed cables, and they are flexible electrical cables which are popularly used in residential setups.

This cable comes with two insulated wires that include a ground copper wire that ensures safe passage of electrical current in case of any unfortunate event.

Codes of ethics:
Group of answer choices

deal only with the employees’ relationships with customers and with no other group

contain common ethical dilemmas and provide the appropriate resolutions to employees

are typically informal information about how to recognize and deal with ethical problems

deal only with external ethical issues and not with internal issues

may be influential in determining a person’s decision-making behavior

Answers

It should be noted that codes of ethics are typically informal information about how to recognize and deal with ethical problems.

What are ethics?

Ethics can be regarded as the rules that is required to be followed by the employee as well as the members of the organization in their profession.

Therefore, codes of ethics  are typically informal information about how to recognize and deal with ethical problems.

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Answer: may be influential in determining a person’s decision-making behavior

Explanation: Thats's the correct answer on the test or quiz. The answer above by the "expert" is wrong.


Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external environment’. Do you agree or not? Justify using practical examples (9 marks)

Answers

Answer:

Yes, I agree.

Find explanation below.

Explanation:

The external environment of a business simply refers to the factors found outside the business which can have a profound effect on it. There are basically two types of external environments, namely;

1. The directly interactive which has a direct impact on the business. Examples include, business owners, the customers, contractors, and competitors.  

2. Indirectly interactive whose impact on the business is not immediate. Examples include, the political , socio-cultural, economic influences among others.

Practical Examples:

1. Customers play a crucial role to the running of businesses. Managers must take care to listen to the concerns of the customers and attend to their needs urgently. For example, if a customer complains about his dissatisfaction with a style of service, managers should endeavor to address the concern to avoid losing the customer.

2.Political: Government rules and regulations have an impact on businesses because, not adhering to them could lead to sanctions and even closure of the business. Managers must ensure that they heed to and comply with governmental instructions, such as tax payment.

explain the three components of the term Risk​

Answers

Risk consists of three parts: the uncertain situation, the probability of the situation occurring, and the effect of the event (positive or negative) on the success of the project.

The tripartite definition helps with three critical steps in the risk management process:

When you identify risks, it supports a structured risk description  ("risk metalanguage") of the form: "When you step in, something can happen that leads to it."

In risk analysis, knowing the possible causes allows  to estimate the probability; impact identification is the basis for impact quantification.

When planning risk measures, different parts of the definition offer different ways to respond

Incentive pay based on the quality of work done, years of service, or a company's sales:

a:net pay
b:wages
c:salary
d:bonus​

Answers

The correct answer is
D) bonus

Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.

Answers

a) Credit Inventory for $517,800

b) Debit Inventory for $66,800

c) Credit Accounts Receivable (or Trade Receivables) for the same amount

(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:

Debit Accounts Receivable (or Trade Receivables) for $854,200

Credit Sales Revenue for $854,200

Debit Cost of Goods Sold for $517,800

Credit Inventory for $517,800

The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.

(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:

Debit Sales Returns and Allowances for $109,800

Credit Accounts Receivable (or Trade Receivables) for $109,800

Debit Inventory for $66,800

Credit Cost of Goods Sold for $66,800

The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.

(c) The journal entry to record the payment received by Windsor Company on March 12th would be:

Debit Cash (or Bank) for the amount received from Wildhorse Company

Credit Accounts Receivable (or Trade Receivables) for the same amount

The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.

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Assigning common fixed costs to segments impacts ______. Multiple choice question. neither segment margin nor total corporate profit segment margin only total corporate profit only both segment margin and total corporate profit

Answers

Both the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.

What is a Common Fixed cost?

A common fixed cost refers to a fixed cost which supports the firm activities of the different business segments.

Usually, it is very hard to separate the common fixed cost from each segment or unit.

Hence, the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.

Therefore, the Option D is correct.

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Briefly discuss the power of Occupational Safety and Health Administration (OSHA) with respect to citations and penalties.

Answers

Answer:

The Occupational Safety and Health Administration (OSHA) is responsible for enforcing health and safety regulations in the workplace. OSHA has the power to issue citations and penalties to employers who violate health and safety regulations.

If OSHA finds that an employer has violated a regulation, it can issue a citation. A citation outlines the specific regulation that was violated, and the proposed penalty. Employers have the opportunity to contest the citation and penalty, and can request an informal conference with an OSHA representative to discuss the issue.

OSHA can also issue penalties for violations. The penalty amount varies depending on the severity of the violation. Willful violations, which are the most serious, can result in penalties of up to $136,532 per violation, while serious violations can result in penalties of up to $13,653 per violation.

The power of OSHA to issue citations and penalties is an important tool for promoting workplace safety. The threat of citations and penalties can encourage employers to take safety seriously and to take steps to prevent workplace accidents and injuries.

Explanation:

Recording Entries for TS-Effective Interest Method Adjust FVA at Year-End On July 1, 2020, West Company purchased for cash, twelve $10,000 bonds of North Corporation at a market rate of 6%. The bonds pay 5% interest, payable on a semiannual basis each July 1 and January 1, and mature on July 1, 2023. The bonds are classified as trading securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discounts or premiums. Ignore income taxes. Amortization Schedule Journal Entries in 2020 Journal Entries in 2021 a. Prepare a bond amortization schedule for the life of the bonds using the effective interest method. Note: Round each amount entered into the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Adjust market interest in the final year of the bond term for any net rounding difference. Stated Market Discount Bond Date Interest Interest Amortization Amortized Cost Jul. 1, 2020 $ 0 Jan 1, 2021 $ 0 $ 0 Jul. 1, 2021 Jan. 1, 2022 Jul. 1, 2022 Jan. 1, 2023 Jul. 1, 2023 Total 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 $ 0 $ 0 0 Check b. Record the entry for the purchase of the bonds by West Company on July 1, 2020. C. Record the adjusting entries by West Company on December 31, 2020 to accrue interest revenue and record the unrealized gain or loss. The fair value of the bonds on December 31, 2020, was $124,500. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round each amount to the nearest whole dollar. Account Name b. Jul. 1, 2020 Date Dr. Cr. ► 0 0 0 0 0 1 c. Dec 31, 2020 0 0 0 0 0 To accrue interest revenue ► Dec. 31, 2020 0 0 0 0 To record unrealized gain or loss d. Record the receipt of interest on January 1, 2021. e. Record the sale of all of the bonds on January 2, 2021, for $124,500. f. Record the adjustment to the Fair Value Adjustment account on December 31, 2021, assuming no additional TS investments. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round each amount to the nearest whole dollar. Date Account Name d. Jan. 1, 2021 Dr. Cr. ► 0 0 ► 0 0 e. Jan. 2. 2021 0 0 0 0 0 0 f. Dec. 31, 2021 . 0 0 ► 0 0

Answers

Amortization Schedule:

Stated Market Discount Bond Date Interest Interest Amortization Amortized Cost July 1, 2020 ($300) $ 0 $ 141 $ 10,141 Jan. 1, 2021 ($50) $ 141 $ (141) $10,000 Jul. 1, 2021 ($50) $ 141 $ (141) $9,859 Jan. 1, 2022 ($50) $ 138 $ (138) $9,759 Jul. 1, 2022 ($50) $ 138 $ (138) $9,659 Jan. 1, 2023 ($50)

b. July 1, 2020:

$120,000 Cr. Dr. Trading Securities $120,000 in cash by December 31, 2020:

To earn interest income:

Dr. Interest Outstanding: $300 Cr. $300 in interest income to record unrealized gains or losses:

Dr. Adjustment to Fair Value of $4,500 Cr. $4,500 in unrealized gains or losses on January 1, 2021:

Dr. Cash $250 Million $300 million in unpaid interest $50 in interest income by January 2, 2021:

Fair Value Adjustment of $4,500 Cr. Dr. Cash of $124,500 Dr. Investing $120,000 in securities through December 31, 2021:

Dr. Unrealized Profit or Loss of $4,500 Million Adjustment to Fair Value of $4,500

What is Fair Value?

The estimated market value of an asset or liability is known as its fair value, and it is based on the assumption that both the buyer and the seller have reasonable knowledge of the relevant facts. It is a concept in accounting that is used to determine how much an asset or liability is worth on a company's balance sheet. Market-based inputs, such as the current market price of the asset or a similar asset, or the use of a model or valuation technique to estimate the value of the asset or liability, are often used to determine fair value. Companies must periodically reevaluate an asset's or liability's fair value to ensure that their financial statements accurately reflect its current value because the value of an asset or liability can fluctuate over time, particularly in volatile markets.

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Which saying helps bring about desired customer service levels

Answers

The saying that helps bring about desired customer service levels is Option D. "It's not perfect, improve it."

This saying encourages people to never settle for mediocrity, and always strive for improvement. No matter how good something may seem, there is always room for growth and development. This is especially true when it comes to customer service, as customers are the lifeblood of any business. By consistently seeking to improve customer service, businesses can create a loyal customer base that will keep coming back for more.

The saying "If it ain't broke, it doesn't need line" is not applicable to customer service, as it suggests that there is no need for improvement if something is working properly. However, customer service is not something that can ever truly be considered "working properly," as there will always be areas that can be improved upon."Structure determines strategy" is also not directly applicable to customer service, as customer service is more about individual interactions with customers rather than overall business strategy.

While having a strong business structure is certainly important, it is not the key to providing excellent customer service. Finally, the saying "You can have any car you want today Model" is not related to customer service at all. It is simply a slogan used by a car company. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

Which saying helps bring about desired customer service levels?

А. If it ain't broke, it don't need line

B. Structure determines strategy

C. You can have any car you want today Model

D. it's not perfect, improve it

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Match each organization and agreement with the phrase that best describes it.
is a regional organization that promotes
growth in Southeast Asia
EU
establishes a shared economy with a
common currency
ASEAN
is an international organization that
works to promote fair-trade practices
WTO
creates a free-trade zone between
Canada, the US, and Mexico
NAFTA

Answers

Answer:

see below

Explanation:

ASEAN : Is a regional organization that promotes growth in Southeast Asia. ASEAN is short for the  Association of Southeast Asian Nations. Its primary objective is to accelerate economic growth, promote peace,   social integration, and cultural development in Southeast Asia.

EU: Establishes a shared economy with a common currency.

The (EU) European Union is composed of  27 member states that are located in Europe. EU is political and economic union that has created a single market by eliminating border restrictions and the creation of a common currency.

WTO : An international organization that works to promote fair-trade practices. WTO stands for The World Trade Organization . The main objective of WTO body is to regulate and liberalize world trade.

NAFTA creates a free-trade zone between Canada, the US, and Mexico.

The North American Free Trade Agreement (NAFTA) minimized or eliminated most tariffs between these counties.

Answer:

NAFTA-creates a free trade zone between Canada the us and Mexico

WTO-is an international organization that works to promote fair trade practices

EU-establishes a shared economy with a common currency


ASEAN-is a regional organization that promotes growth in Southeast Asia

Overtis-1. Beginning inventory, purchases, and sales for fem "X" are as follows Beginning Inventory April, 1 S 15 57 units at $14 29 40 units Assuming a perpetual inventory system and using the first-in. first-out (110), lost-in-first-out (LIFO) Average costing methal, determine (0) The cost of goods sold on April 29 & (i) The cost of ending inventory on April 30. 47 Quests -2 Estimate the cast of goods sold & ending inventory by the gross profit method given the following data: Beginning inventory Bir 40,000.00, net purchases Bir 100,000.00, net sales Birr 112,000.00, press profit rate of 25% of net sales. Quotes J. Machinery purchased for Br 200,000 at the beginning of the year has an estimated life of 5 years and a residual value of Br 20,000 Required: Compute the annual tyearly) depreciation expense for each of the five years, by using; a) Straight-line depreciation method. b) Double-declining balance depreciation method c) Sum-of-the-years-digits method d) If the machinery is expected to have a useful life of 18,000 operating hours & was operated during the year I through year 5. 4100 hours, 2.700 hours, 4.200 hours 3.000 hours and 100 hours Compute the annual (yeatly) depreciation expense for each of the five years, by using the Units of-Production Method. 4 Rainbow Mining Co acquired mineral rights for the 30,000,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 11,250,000 tons were mined and sold Required: A Determine the amount of depletion expense for the current year B. Joumalize the adjusting entry to recognize the depletion expers.​

Answers

It’s c cause Ik it is

Kai and Ivy Harris have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Kai and Ivy obtain? How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $200,000?

Answers

The amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).

Kai and Ivy can obtain a home equity credit line of $67,500. The tax-deductible interest would depend on their itemized deductions.

Kai and Ivy Harris have an appraised value of $180,000 on their home and a mortgage balance of $90,000. An S&L is willing to lend money at a loan-to-value ratio of 75 percent.

They are inquiring about the size of the home equity credit line they may get and the amount, if any, that is tax-deductible interest if their house originally cost $200,000.

Therefore, the amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).

They can borrow up to 75 percent of the appraised worth of their home, or $135,000 ($180,000 x 0.75).

Since they still owe $90,000 on their mortgage, they can borrow up to $45,000 ($135,000 - $90,000) in equity on their home and qualify for tax-deductible interest.

The amount of interest that qualifies as tax-deductible is determined by the IRS.

They can be charged interest on up to $45,000 in debt secured by their house under current tax law, assuming they use the home equity credit line for home improvements.

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Lập danh mục chi phí hoạt động của 1 toà nhà cho thuê hạng C

Answers

Chi phí hoạt động là chi phí liên tục để duy trì và duy trì hoạt động đầu tư bất động sản cho thuê. Nói cách khác, chúng là những chi phí ảnh hưởng đến hoạt động hàng ngày của khoản đầu tư và được coi là cần thiết để duy trì dòng doanh thu.

Lâp danh muc chi phí hoat dông cûa

1. Stockholders invest $90,000 cash to start the business.
2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.
3. Purchased $5,500 paper supplies on credit.
4. Cash received for photocopy services amounted to $8,400.
5. Paid $500 cash for radio advertising.
6. Paid $800 on account for paper supplies purchased in transaction 3.
7. Dividends of $1,600 were paid to stockholders.
8. Paid $1,200 cash for rent for the current month.
9. Received $2,200 cash advance from a customer for future copying.
10. Billed a customer for $500 for photocopy services completed.
No. Account Titles and Descriptions Debit Credit
1.
2.
3.
4.
5.

Answers

Answer:

1. Stockholders invest $90,000 cash to start the business.

Dr Cash 90,000

    Cr Common stock 90,000

2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.

Dr Copy machines 400,000

    Cr Cash 118,000*

    Cr Notes payable 282,000

*Where did they get the extra cash from?

3. Purchased $5,500 paper supplies on credit.

Dr Supplies 5,500

    Cr Accounts payable 5,500

4. Cash received for photocopy services amounted to $8,400.

Dr Cash 8,400

    Cr Service revenue 8,400

5. Paid $500 cash for radio advertising.

Dr Advertising expense 500

    Cr Cash 500

6. Paid $800 on account for paper supplies purchased in transaction 3.

Dr Accounts payable 800

    Cr Cash 800

7. Dividends of $1,600 were paid to stockholders.

Dr Dividends 1,600

    Cr Cash 1,600

8. Paid $1,200 cash for rent for the current month.

Dr Rent expense 1,200

    Cr Cash 1,200

9. Received $2,200 cash advance from a customer for future copying.

Dr Cash 2,200

    Cr Unearned service revenue 2,200

10. Billed a customer for $500 for photocopy services completed.

Dr Accounts receivable 500

    Cr Service revenue 500

briefly explain how the decision support system resolved the problems experienced by the railways

Answers

The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes.  The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.

Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result.  By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.

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I just need a paragraph or two answering these questions im doing a day care Business marketing plan, got stuck on this section its the last one. You can estimate the prices and the services we are targeting low to middle class so somewhere in between. For services we are offering pickups from local schools,toys,books, playgrounds the building is owned so just base your answers on that. Please someone help me its due in a couple hours.

I just need a paragraph or two answering these questions im doing a day care Business marketing plan,

Answers

if they have an actual number to use them as much a name for them or something that will come back up.

BUSN 278 WEEK 6 LAB ASSIGNMENTS

Answers

Answer:

what?

Explanation:

Answer:

278 plus 6

Explanation:

Case Study: Personal Financial Planning (continued) Project: Presentation

Answers

Answer:Personal financial planning involves managing one's finances effectively to achieve their financial goals and objectives. The process involves developing a comprehensive financial plan that takes into account one's income, expenses, debts, savings, and investments, as well as one's short-term and long-term financial goals.

To create an effective personal financial plan, there are several key steps you should take:

Set your financial goals: Determine your financial objectives and set specific, measurable, achievable, relevant, and time-bound (SMART) goals to achieve them.

Analyze your current financial situation: Take a detailed look at your income, expenses, debts, savings, and investments to determine your current financial position.

Create a budget: Develop a budget that helps you manage your money effectively and achieve your financial goals.

Develop a debt repayment plan: If you have outstanding debts, develop a plan to pay them off in a timely manner.

Establish an emergency fund: Set aside some money in an emergency fund to cover unexpected expenses or financial emergencies.

Review your insurance coverage: Make sure you have adequate insurance coverage to protect yourself and your family in case of unexpected events.

Plan for retirement: Start saving early for retirement and develop a plan to achieve your retirement goals.

Invest wisely: Develop an investment plan that is consistent with your financial goals and risk tolerance.

Monitor and adjust your plan: Regularly review your financial plan and make adjustments as needed to ensure that you stay on track to achieve your goals.

Explanation:

Barriers to effective communication and how to overcome

Answers

Answer:

Clarify the Ideas before Communication: ...

Communicate According to the Need of Receiver: ...

Consult others before Communicating: ...

Be aware of Language, Tone and Content of Message: ...

Convey Things of Help and Value to Listeners: ...

Ensure Proper Feedback: ...

Communicate for Present as well as Future: ...

Follow up Communications:

Explanation:

Bonfire Beachwear Company expects sales next year to be $460,000. Inventory and accounts receivable will have to be increased by $95000 to accommodate this sales level. The company has a steady profit margin of 15 percent, with a 30 percent dividend payout. How much external funding will Bondi Beachwear Company have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.

Answers

One of the often used profit statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits.

What is Profit margin:

A company's or commercial activity's profit margin, which is determined by dividing income by sales, effectively gauges how profitable it is. Creditors, investors, and businesses themselves utilize profit margins as gauges of a company's financial stability, management aptitude, and potential for expansion.

Gross margin is calculated by starting with sales, deducting costs directly associated with producing or delivering the good or service, such as labor, raw materials, and so on, which are often combined as "cost of goods sold," "cost of products sold," or "cost of sales" on the income statement.

Operating Profit Margin, or simply operating margin: Operating profit margin, also known as profits before interest and taxes, or EBIT, is obtained by deducting selling, general, and administrative, or operational costs from a company's gross profit figure.

By deducting the cost of goods sold (COGS) from total sales and dividing the result by total revenue, you can quickly calculate a company's profit margin. Calculate the percentage by multiplying that number by 100.

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You're doing a monthly bank reconciliation and have the following information:
Current book balance: $19,250
Balance per bank statement: $15,000
Outstanding checks: $2,000
Bank fees: $250
Deposits in transit: $6,000
What is the reconciled cash amount?
A) 13,250
B) 17,000
C) 19,000
D) 20,750
E) 21,250

Answers

The reconciled cash amount is $19,000.

Bank reconciliation statement:

Current book balance $19,250

Less: Bank fee ($250)

Reconciled cash amounts $19,000

Balance per bank statements $15,000

Add:Deposit in transit $6,000

Less:Outstanding Checks ($2,000)

Reconciled Cash Balance $19,000

Therefore we can conclude that The reconciled cash amount is $19,000.

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which of the following accounts are affected when recording the expense related to the portion of a patent that expired during the year?

Answers

The accounts that are affected when recording the expense related to the portion of a patent that expired during the year are patent account and amortization expense account.

What is patent account and amortization expense account?

Patent account (asset account): The value of the patent will decrease as it is expensed over its useful life. Amortization expense account (expense account): The amortization expense will increase as the portion of the patent that expired during the year is recorded as an expense.

Therefore, when recording the expense related to the portion of a patent that expired during the year, the patent account will be credited and the amortization expense account will be debited. This will accurately reflect the decrease in value of the patent and the increase in expenses related to the patent.

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Please answer number 3 will mark BRAINLIST

Please answer number 3 will mark BRAINLIST

Answers

Answer:b or d probably b

Explanation:

Reasoning

What is the role of manager in the organization

Answers

The role of a manager is to plan, organize, lead, and control. Managers need to be able to increase efficiency and effectiveness of their employees

Functions of Managers

Managers just don't go out and haphazardly perform their responsibilities. Good managers discover how to master five basic functions: planning, organizing, staffing, leading, and controlling.
Planning: This step involves mapping out exactly how to achieve a particular goal. Say, for example, that the organization's goal is to improve company sales. The manager first needs to decide which steps are necessary to accomplish that goal. These steps may include increasing advertising, inventory, and sales staff. These necessary steps are developed into a plan. When the plan is in place, the manager can follow it to accomplish the goal of improving company sales.
Organizing: After a plan is in place, a manager needs to organize her team and materials according to her plan. Assigning work and granting authority are two important elements of organizing.
Staffing: After a manager discerns his area's needs, he may decide to beef up his staffing by recruiting, selecting, training, and developing employees. A manager in a large organization often works with the company's human resources department to accomplish this goal.
Leading: A manager needs to do more than just plan, organize, and staff her team to achieve a goal. She must also lead. Leading involves motivating, communicating, guiding, and encouraging. It requires the manager to coach, assist, and problem solve with employees.
Controlling: After the other elements are in place, a manager's job is not finished. He needs to continuously check results against goals and take any corrective actions necessary to make sure that his area's plans remain on track.
All managers at all levels of every organization perform these functions, but the amount of time a manager spends on each one depends on both the level of management and the specific organization.

Roles performed by managers
A manager wears many hats. Not only is a manager a team leader, but he or she is also a planner, organizer, cheerleader, coach, problem solver, and decision maker — all rolled into one. And these are just a few of a manager's roles.

In addition, managers' schedules are usually jam‐packed. Whether they're busy with employee meetings, unexpected problems, or strategy sessions, managers often find little spare time on their calendars. (And that doesn't even include responding to e‐mail!)

In his classic book, The Nature of Managerial Work, Henry Mintzberg describes a set of ten roles that a manager fills. These roles fall into three categories:

Interpersonal: This role involves human interaction.
Informational: This role involves the sharing and analyzing of information.
Decisional: This role involves decision making.
Table 1 contains a more in‐depth look at each category of roles that help managers carry out all five functions described in the preceding “Functions of Managers” section.

How can professional assist school leavers to be successful business owners

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STUDY FIRST AND WORKING HARDLY

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