On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,100, terms 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Answers

Answer 1

Answer and Explanation:

The journal entries are shown below:

On Mar 12

Account receivable Dr $9,100

        To Service revenue $9,100

(Being the service provided on the account is recorded)

For recording this we debited the account receivable as it increased the assets and credited the service revenue as it also increased the revenue

On Mar 20

Cash $8,918

Sales discount ($9,100 × 2%) $182

               To Accounts receivable  $9,100

(Being cash received recorded)  

For recording this we debited the sales discount and cash as it increased the discount and assets and credited the account receivable as it reduced the assets


Related Questions

Please evaluate a CEO’s job, and what makes a CEO’s job so complex? Use the challenges Tim Cook faces as Steve Jobs’ successor to provide examples that support your answer.

Answers

Answer: A CEO's job is so complex because of the many different aspects that they need to control and execute.

For example, the CEO is responsible for managing the business strategy, business strategy, finance, operations, and many other things of the organization. In addition to these aspects, Tim Cook had to follow in the footsteps of Steve Jobs, who was a renowned innovation leader.

Not only does Cook not seem like such a strong innovator, he's also struggled to keep up with the 's technological upgrades and market competition. Since taking on the role of CEO, he has had to choose where to focus his time and appears to have focused on company culture and leadership team transformation.

Explanation:

Question Content Area
Zoe Corporation has the following information for the month of March:

Cost of direct materials used in production $15,353
Direct labor 28,038
Factory overhead 32,314
Work in process inventory, March 1 18,402
Work in process inventory, March 31 20,161
Finished goods inventory, March 1 24,609
Finished goods inventory, March 31 25,991
a. Determine the cost of goods manufactured.
$fill in the blank 1
b. Determine the cost of goods sold.
$fill in the blank 2

Answers

The cost of goods manufactured for Zoe Corporation for the month of March is $73,946

The cost of goods sold for Zoe Corporation for the month of March is

$72,564

What is the cost of goods manufactured?

The cost of goods manufactured is the total cost of finished products completed in the current period, it is the beginning work in process inventory plus the cost of direct materials used in production, the cost of direct labor, factory overhead minus the cost of ending work in process

cost of goods manufactured=$18,402+$15,353+$28,038+$32,314-$20,161

cost of goods manufactured=$73,946

What is cost of goods sold?

The cost of goods sold is the manufacturing costs of goods sold in the current period, it is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory

cost of goods sold=$24,609+$73,946-$25,991

cost of goods sold=$ 72,564

Find out more about cost of goods manufactured on:https://brainly.com/question/17072383

#SPJ1

Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability

Answers

Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.

Thus, the correct option is A.

What is Business strategy?

A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.

A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.

Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.

A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.

Learn more about Business strategy, here

https://brainly.com/question/28561700

#SPJ1

Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.

STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24

STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18

Answers

Answer:

[Your Name]

[Your Position]

[Date]

Subject: Insights from our Survey - A Window into the Lives of our Valued Customers

Dear [CEO's Name],

I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.

Chart 1: Income Categories - Reflecting the Lives of our Customers

This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.

By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.

Chart 2: Gender Distribution - Celebrating Diversity and Inclusion

This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.

Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.

Chart 3: Question Responses - Unveiling Our Customers' Voices

Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.

Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.

In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.

Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.

Warm regards,

[Your Name]

[Your Position]

Explanation:

During the year, Morgan makes the following donations to his church: cash of $5,500 and stock worth $50,000. Morgan had purchased the stock six years ago for $38,000 and held it as an investment. Morgan's AGI for the year is $80,000.

Answers

Based on his transactions during the year, Morgan's potential deduction is $55,500.

The question asks about the potential deductions if percentage limitations are ignored.

If percentage limitations were not applied, Morgan would be able to deduct all the donations to his church as the church is a not for profit organization.

The potential deduction is therefore:

= 5,500 + 50,000

= $55,500

In conclusion, the potential deduction is $55,000.

Find out more at https://brainly.com/question/10415487.

May 15 You deposited $10,000 to open the business bank account. This was your investment in the
company in exchange for 10,000 ordinary shares.
17 The bank deposited the $49,500 loan funds into the bank after deducting $500 in costs to
establish the loan.
18 Paid rent of $1485 to Atlas Realty (cheque no.1).
20 Paid Adams Shopfitters $20,000 for display cabinets, counters and shelving (cheque no.2).
21 Paid the local newspaper (Community Times) $1,000 for a series of weekly advertisements to
commence this week (cheque no.3).
22 Paid $1,500 to Bayview Insurance Brokers for a 1-year business insurance policy commencing
21 May (cheque no.4).
23 Purchased from Tony’s Second-hand Mart, a cash register for $350, a lounge suite for $400 and
a table & chairs for $380 for the shop (cheque no.5).
24 You contributed equipment valued at $5,000 for repairing computers to the business. At
present you do not want to take cash out of the business, so this will take the form of an interest
free loan to be repaid two years from now.
31 Banked $2,520 cash and cheques from servicing computers since the shop opened.

Balance sheet for this.

Answers

Total liabilities and equity: $36,050 Note that the negative retained earnings indicate that the company has not yet generated enough revenue to cover its expenses.

Why is it?

Based on the given transactions, the balance sheet of the company can be prepared as follows:

Assets:

Cash and cash equivalents: $12,520 ($10,000 initial investment + $2,520 from servicing computers)

Inventory: Not provided

Equipment: $23,530 ($20,530 total equipment cost - $5,000 contributed equipment + $8,000 loan from bank)

Total assets: $36,050

Liabilities:

Bank loan: $49,000

Total liabilities: $49,000

Equity:

Share capital: $10,000

Retained earnings: -$22,950 ($1,485 rent + $20,000 shopfitters + $1,000 newspaper ad + $1,500 insurance + $350 cash register + $400 lounge suite + $380 table and chairs)

Total equity: -$12,950

Therefore, Total liabilities and equity: $36,050

Note that the negative retained earnings indicate that the company has not yet generated enough revenue to cover its expenses.

To know more about Bank Loan related question visit:

https://brainly.com/question/30045153

#SPJ1

Pls can someone answer quick they are multiple choice

2. Which one of the following is not a characteristic generally evaluated in analysing financial
statements?
(1 Point)
O Liquidity
O Profitability
O Marketability
O Solvency


3. Comparisons of financial data made within a company are called (1 Point)

O intracompany comparisons.
O interior comparisons
O intercompany comparisons
O intramural comparisons

Answers

Marketability, one of the following is not a characteristic generally evaluated in analyzing financial statements. Thus, option (c) is correct.

Comparisons of financial data made within a company are called  intracompany comparisons. Thus, option (a) is correct.

What is company?

The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.

According to the financial statements, are the created with the help of the marketability of the product. There was the financial data are the company to the entry are the intracompany comparisons.

Therefore, option (c) and 2. (a) is correct.

Learn more about on company, here:

https://brainly.com/question/29354835

#SPJ1

What is the first step in communicating a message?

1) Selecting a course of action
2) Sensing a communication need
3) Sending a message
4) Composing a message

Answers

Answer:

1) Selecting a course of action

le_US_Sales2
Assisting Customers with Back-ordered Items-your
CuStoMer ordered a teal dress that will not be
avajlable until late next month. A similar green
dress is in Stock now. What do you do?
Select one:

Answers

Given that the order of this customer is not going to be available until late in the next month, the best thing to do is to notify the customer.

Why you should notify the customer

The main reason why you have to notify this customer is so that they can make a choice on whether they want a different dress or not.

Shipping a dress that was not their choice may cause an issue. Also it would help to know if this customer would want a refund or not.

Read more on customer orders here:

https://brainly.com/question/24553900

Which type of logic is based on indisputably verifiable information?

Answers

Answer:

Falsifiability

Explanation:

Falsifiability

Andriana Rodriguez is applying for a loan. As she is filling out the paperwork, she comes across a question about her age, which Andriana does not fill in.
Which consumer protection law best supports Andriana's decision to leave this field blank?
- the Equal Credit Opportunity Act (ECOA)
- the Home Mortgage Disclosure Act (HMDA)
- the Truth in Lending Act (TILA)
- the Truth in Savings Act (TISA)

Answers

Answer:

ECOA

Explanation:

ECOA Prohibits discrimination based on age (provided they have the capacity to contract)

Shared negative feelings in a group can positively influence task performance when they stem from ________. However, shared negative feelings can hinder performance in a group when they stem from ________.

Answers

Shared negative feelings in a group can positively influence task performance when they stem from social category diversity. However, shared negative feelings can hinder performance in a group when they stem from informational diversity. Thus the correct option is B.

What is a group?

A group is referred to as a collection of poele come together to form a relationship or connection with each other. These groups mainly form to perform collaborative activities to achieve something.

Shared feelings can both affect the performance of the team positively and negatively. It helps in information exchange as well as gives rise to conflict as well due to disagreement.

Learn more about negative feelings, here:

https://brainly.com/question/11354195

#SPJ1

The complete question is probably

Shared negative feelings in a group can positively influence task performance when they stem from ________.However,shared negative feelings can hinder performance in a group when they stem from ________.

A)perceptual distance; job involvement

B)social category diversity; informational diversity

C)team structure; process shifts

D)a source outside of the team; a source inside the team

A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary:

Answers

Answer:

c. Both I and II

Explanation:

Full question is as written below

A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary:

I. at the date of constructive retirement.

II. over the remaining term of the bonds.

Options are: a. I , b. II, c. Both I and II, d. Neither I nor II

A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary at the date of constructive retirement and over the remaining term of the bonds.

Work ethics are a naturally inherited quality.

Is this statement true or false?


true

false

Answers

Falseeeeeeeeeeeeeeeeeeeee

Volunteer Corporation reported taxable income of $490,000 from operations this year. The company paid federal income taxes of $102,900 on this taxable income. During the year, the company made a distribution of land to its sole shareholder, Rocky Topp. The land’s fair market value was $120,500 and its tax and E&P basis to Volunteer was $55,500. Rocky assumed a mortgage attached to the land of $24,100. The company had accumulated E&P of $934,000 at the beginning of the year.

a. Compute Volunteer’s taxable income and federal income tax.
b. Compute Volunteer's current E&P before the distribution.
c. Compute Volunteer’s accumulated E&P at the beginning of next year.
d. What amount of dividend income does Rocky report as a result of the distribution?
e. What is Rocky’s income tax basis in the land received from Volunteer?

Answers

From the information given,

Federal Income Tax = $138,750 Current E& P for the year = $ 416,250Accumulated E&P at the beginning of the next year = $ 1,253,850Rocky’s Dividend Income Reported = $ 96,400Rocky’s Income Tax basis = $ 120,500

The calculations are given as follows

Federal Income Tax:                      

Taxable income from operations                                           $490,000    

Add: Gain on the distribution of land

                                                     ($120,500 - 55,500) =             65,000

Total taxable income                                                                 $555,000

Federal Income Tax ($555,000 * 25%)                           =         $138,750

Volunteers current E&P

Taxable income                                                                           $555,000

Subtract: Federal Income Tax                                                      $138,750

Adjustment for gain on distribution Of land                                 $          0

Current E&P before distribution                                                   $416,250

Volunteers E&P at the beginning of Next Year

Current E&P                                                                                  $ 416,250

Subtract: Fair market value of land distributed

in the previous year                                                                      $120,500

Add: Mortgage assumed by rocky                                                 $24,100

CE &P after distribution                                                                 $319,850

Accumulated E&P, beginning of current Year                            $934,000

Accumulated E&P, beginning of Nex Year                               $1,253,850

Rocky reports a dividend income given as:
Fair Market Value of Land (-) Liability
That is: 120,500 - $24,100

Dividend income = $ 96,400

($124,500) income tax basis in the land equals its fair market value

Income Tax basis = Fair Market Value of Land = $ 120,500

Learn more about Federal Income Tax:
https://brainly.com/question/4426827
#SPJ1

You sell accessories. A customer is delighted with an enormous pair of sparkly hoop earrings. She wants to know where it's appropriate to wear them. Based on traditional fashion rules, which of these recommendations should you make?


"Earrings like these work in any situation."


"These will make you memorable at your next job interview."


"Wear them to work so you'll feel great on a Monday morning!"


"They'd be perfect to wear to a nightclub."

Answers

"Earrings like these work in any situation." What recommendations ought you to offer. Customer testimonials and referrals are typically the foundation of the best marketing you can have.

When someone compliments your business, you make sales as a result. On average, a business receives 60 percent of its new customers from recommendations from its existing clientele. A customer is any person or organization that makes a purchase from another firm. Because they provide revenue, customers are essential to businesses because they would not exist otherwise. The use of customer testimonials for a particular business is a part of recommendation marketing

To learn more about Customers, click here.

https://brainly.com/question/13472502

#SPJ1

A buyer agrees to purchase a house for $234,500. The buyer pays $2,000 as earnest money and obtains a new mortgage loan for $167,500. The purchase contract provides for a March 15 settlement. The buyer and the sellers prorate the previous year's real estate taxes of $4,880.96, which have been prepaid. The buyer has additional closing costs of $2,250, and the sellers have other closing costs of $1,850. How much cash must the buyer bring to the settlement?

Answers

The cash that the buyer must bring to the settlement after paying the earnest money is $72,130.96.

What is earnest money?

Earnest money is a good faith deposit that the buyer makes to assure the  seller about a buyer's good faith to buy a property. The earnest money enables the buyer to arrange for the purchase financing.

Data and Calculations:

House price =            $234,500

Earnest money paid =    (2,000)

Mortgage loan =          (167,500)

Real estate taxes =          4,880.96

Additional closing costs 2,250

Total cash on settlement = $72,130.96

Thus, the cash that the buyer must bring to the settlement is $72,130.96.

Learn more about earnest money at https://brainly.com/question/4538078

Suppose that you purchased your home in 2014 and believe that, based upon recent
comparable home sales in your vicinity, your home has a market value of $675,000. You
decide to put your home on the market for $720,000 to allow room for future negotiation
towards your desired selling price of $675,000. After several days, you receive a text
message from your broker informing you that prospective buyers have been balking at
making you an offer as they have seen that Zillow is valuing your house online for only
$600,000. Explain whether you have a right to sue Zillow and, if so, under what liability
law(s).

Answers

Zillow, a popular online real estate database and marketplace, provides estimates of home values through its proprietary Zestimate tool. However, in the case where a seller disagrees with Zillow’s valuation of their property, the seller does not have the right to sue Zillow, and there are no legal grounds for a lawsuit.

In addition, the seller voluntarily uses the tool to estimate their property's worth. Although Zillow uses a complex algorithm that considers various factors to determine the value of a property, the tool is not perfect, and its estimates can be incorrect. A home’s value depends on various factors, including location, condition, recent sales prices of comparable homes in the area, and market trends. It is essential to note that Zillow’s Zestimate tool does not physically visit homes, and, therefore, may not be able to factor in some critical variables affecting the value of a property.

As a result, Zillow's online estimates should be used only as a starting point for determining the property's value. Ultimately, the actual value of the property will be determined by the final price a buyer is willing to pay, the seller’s selling price, and the current market conditions. Therefore, it is essential to get a professional appraisal to get an accurate valuation of the property. In conclusion, a seller does not have the right to sue Zillow as there are no grounds for a lawsuit.

Know more about Online real estate here:

https://brainly.com/question/30087960

#SPJ8

How does implementing change affect strategic relationship management?
A. It upsets the balance between the needs of key positions.
ОО
B. There is very little impact on relationship management.
O C. Change doesn't impact internal relationships.
O D. It makes fewer resources available to satisfy stakeholders.

Answers

Answer:

A it upsets the balance

Explanation:

Answer:a

Explanation:

it upsets the balance

Creative and innovative

Answers

A creative innovation is bringing about something unique and different.

What is creativity?

Creativity is the ability to imagine something unique or new that have not been in existence.

It could also be a modification to what have been existing before.

Therefore, A creative innovation is bringing about something unique and different.

Learn more on creativity here,

https://brainly.com/question/19171885

#SPJ1

what is a net income.

Answers

Answer:

Net income is how much money a business or person makes after the costs of deductions, taxes, and allowances.

Further, commerce net income is how much the business has after all costs, which include things such as: salary/wages, the cost it takes to buy the goods or create them, plus taxes.

Explanation:

Answering again cause it got deleted for the link.

(still new here, I didn't know I wasn't suppose to do that, whoops)

Write 250 words about one qualitative and one quantitative measure you will use to evaluate the effectiveness of your final project company/product social media marketing strategies. What do you hope to learn by using that measure? What will you be able to track? For example, tracking the number of hits on a social media fan page is a quantitative measure to determine the size of your loyal customer base.

Answers

Engagement rate is a qualitative metric that measures how much engagement a post receives from its audience. We may use this to gauge the success of our posts in terms of sparking further user involvement and discourse.

The rate at which conversions occur is a quantitative indicator of how many individuals visit a business's internet presence or purchase page and proceed to take action. This may be used to gauge how effective we are at fostering relationships that lead to concrete results.

The audience we serve is responding positively to the messages we communicate through various channels, which is then resulting in sales conversions buying decisions, or other engagements with the business or website. We can choose which rate of conversions and levels of engagement to track so that we may adjust our strategy properly.

Learn more about Engagement rate, here:

https://brainly.com/question/32068982

#SPJ1

a criticism of the bureaucratic approach to management is that

Answers

A criticism of the bureaucratic approach to management is that the focus is only on regulations, and communication and coordination can be hampered by delays due to formality.

What is a bureaucratic organization?

It corresponds to a management style where formality is prioritized in all organizational processes, maintaining a more rigid and inflexible command fall, where there is a systematic structuring based on the application and control over organizational rules and procedures.

In a bureaucratic organization, there is less flexibility in decision-making, greater hierarchy of functions and processes and greater rigidity in total management.

Therefore, despite being a positive management system for some institutions, such as governmental ones, where there is a need for greater control, the bureaucratic organization has as cons the excess of rules that can generate some delays in other processes and contain innovation.

Find out more about bureaucratic approach here:

https://brainly.com/question/14100158

#SPJ1

Would you buy a product that costs more because ethical business practices are a part of production costs? If so, how much and for what causes are you willing to spend more? If not, argue why lower priced goods make more sense.

Answers

For an expense to qualify as a production cost it must be directly connected to generating revenue for the company. Manufacturers carry production costs related to the raw materials and labor needed to create the product. Service industries carry production costs related to the labor required to implement the service and any materials costs involved in delivering the service.

All of the following are examples of primary market research EXCEPT

Direct mail surveys

Fee product samples

Focus groups

Promotional email campaigns

Answers

Answer:

Fee product samples

Explanation:

makes pay

What is market environment

Answers

Answer:

The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.

Explanation:

The internal factors relate to the company itself, such as owners, workers, materials, components, etc.

The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.

How important are structure and culture compared to the other primary internal considerations for a strategic plan?

Answers

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

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

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

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

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

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

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

For more question on leverage

https://brainly.com/question/28500715

#SPJ8

Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.

Answers

Journal Entry:

Date: [First year-end date]

The amortization expense for the first year is $120,000.

Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.

For more such questions on Journal Entry

https://brainly.com/question/28390337

#SPJ8

Please describe an effective leadership style

Answers

Business leaders can improve employee engagement and satisfaction, stimulate creativity and productivity, and ultimately accomplish the aims and objectives of the organization by using a transformational leadership style.

What is transformational leadership style?

A leadership style known as transformational leadership focuses on inspiring and encouraging followers to produce amazing achievements that go above and beyond what they had anticipated. By establishing a vision and uniting people around it, it is a leadership strategy that aims to transform both people and organizations. The skill of inspiring and motivating others to accomplish at their highest level and realize their full potential is a trait of transformational leaders.

Transformational leaders are able to express their compelling future vision in a way that inspires and motivates others. They are endowed with charisma and the capacity to enthrall and sway their audience.

Setting high standards and pushing their followers to go beyond their own boundaries are two ways that transformational leaders inspire and encourage their followers.

Learn more on effective leadership here https://brainly.com/question/12522775

#SPJ1

The complete question is:

Please describe an effective leadership style in a business

what are natural threats

Answers

Answer:

Environmental phenomena that have the potential to have an influence on society and the surrounding environment are referred to as natural hazards. These shouldn't be confused with other dangers, such as man-made dangers.

Natural disasters such as hurricanes, earth quakes, floods, tornados and so on.

I hope this helps man

Other Questions
f(x) = 4x^2+ 7x 18 f(-9) Green products must be obtained from international sources. True or false On an exam you get 2 points for each question answered correctly, zero points for each question left blank, and lose one point for each question answered incorrectly. What is your total score on the exam if you answer 22 questions correctly, leave 7 questions blank, and answer 5 questions incorrectly? (work please) how do i identify the consecutive integers of the square root of -17 1. La camiseta est en la mochila y Pablo no tiene la mochila. 2. Pablo y Claudia hablan con Roberto. 3. Claudia y Pablo van a la biblioteca y estudian. 4. Pablo est nervioso; tiene que ir al gimnasio a las cinco. 5. Pablo va a la clase de ciencias y no contesta la pregunta. Baked potatoes are a TCS food.TRUEFALSE Identify the inflection of the verb missing 1: infinite 2: present, third person singular 3: past tense 4: present participle A hardware store sells 45 boxes of nails for $67.50. Assuming that each box is the same price, what is the price per box? 4. Suppose bank customers arrive randomly on weekday afternoons at an average of 32customers every 4 minutes. What is the probability of exactly 5 customers arriving in a 4 minute interval on a weekday afternoon? NEED HELP ASAP EXTRA POINTS FOR MATH MATICIANS2. Solve the problem and pick the correct number. A backpack costs $32. How much money do you need to buy the backpack including 7% tax? A painting is 2 inches tall and 3 inch wide if it is enlarge to a width of 15 in then how tall will it be Please help me ASAP!! Question 1 of 10 Which conclusion to this story is most logical? Katrina had entered the school poetry competition. Even though she was nervous for the upcoming assembly, she was excited to read her poetry in front of the entire student body. On the day of the competition, she got a little more nervous than she was expecting. She walked up to the podium with her poem in her hand. A. Katrina woke up and realized it was all a dream. B. Katrina broke down in tears and cried for five minutes onstage. C. Katrina stumbled at first but ended up impressing the audience. D. Katrina walked offstage and transferred to a new school because she was so embarrassed. This is the organ in fish that filters waste and salt from the blood and excretes the wastethrough urine:O A. Lateral lineO B. KidneyC. GillsO D. HeartURGENTT PLEASE *WILL MARK YOU BRAINLIEST* When a group of people share values, practices, and beliefs, this is known as __________. a. culture b. the norm c. enculturation d. discrimination 8) RFC 822 and RFC 2822 standards govern ________.A) plain text content of e-mail messagesB) HTTP page contentsC) HTML commands and contentD) plain text, graphic, and video content of e-mail messagesE) HTML commands Which river played an important role in the expeditions of Lewis and Clark? A. the Ohio River B. the Colorado River C. the Missouri River D. the Arkansas River former president donald trump was arraigned on 34 counts in new york city. all 34 accuse him of what crime? $428 for 4 concert tickets.