red river painting company incurs the following transactions for september. 1. september 3 paint houses in the current month for $13,000 on account. 2. september 8 purchase painting equipment for $14,000 cash. 3. september 12 purchase office supplies on account for $2,100. 4. september 15 pay employee salaries of $2,800 for the current month. 5. september 19 purchase advertising to appear in the current month for $1,100 cash. 6. september 22 pay office rent of $4,000 for the current month. 7. september 26 receive $8,000 from customers in (1) above. 8. september 30 receive cash of $4,600 in advance from a customer who plans to have his house painted in the following month.
Answers
Red River Painting Company's journal entries are as follows.
Sep 3
DR Accounts Receivable $13,000
CR Revenue $13,000
What is journal entry?Journal entries are the entries that are posted by the finance department in an organization, these journal entries impact the accounts of organization and record the two sided effect of a transaction and that is why the journal entries are also known as the double entry. This is then posted to T-accounts.
Sep 8
DR Painting equipment $14,000
CR Cash $14,000
Sep 12
DR Office Supplies $2,100
CR Notes Payable $2,100
Sep 15
DR Salaries expense $2,800
CR Cash $2,800
Sep 19
DR Advertisement expense $1,100
CR Cash $1,100
Sep 22
DR Rent expense $4,000
CR Cash $4,000
Sep 26
DR Cash $8,000
CR Accounts Receivable $8,000
Sep 30
DR Cash $4,600
CR Unearned Income $4,600
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Related Questions
Journal entries based on the bank reconciliation are required in the depositor's accounts for?
Answers
Journal entries based on the bank reconciliation are required in the depositor's accounts for book errors.
For book errors, journal entries based on the bank reconciliation must be made in the depositor's accounts. An entity's bank account is matched up with its financial records using a bank reconciliation statement, which is an overview of banking and commercial activity.
The statement lists all of the deposits, withdrawals, and other transactions that affected a bank account over a certain time period. An effective internal financial control tool for preventing fraud is a bank reconciliation statement. A bank reconciliation statement summarizes banking and business activity by comparing a company's bank account to its financial records.
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3. What advantages will Dr. Olsen's responsibility as manager of Physician and Patient Services provide to your project
Answers
Answer:
The potential benefits of this type of situation are articulated below.
Explanation:
This could help throughout the knowledge of quality health services or could update new policies and procedures on health organizations that will be of benefit to something like the construction process. Might well encourage you to understand how to manage financial affairs. What about an offer to customers, expenses, and so on.Direct labor variances ______. Multiple choice question. can only be computed for differences in pay rates are computed in the same way as material variances are generally the responsibility of the human resources manager are broken into two components (price and usage)
Answers
The direct labor variances are computed in the same way as the material variances.
In accounting, a direct labor variance means the difference between Standard cost for actual production and Actual cost in production.
Also, the material variances means the difference between the Standard cost and Actual cost of material purchased.Hence, the Direct labor variances are computed in the same way as the material variances.
Therefore, the correct option is B.
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how many patents have been issued in the united states?
Answers
Answer: 399,055 patents hope this helps
Explanation:
Why does the quantity of salt demanded tend tobe un responsive to changes in its price
Answers
The quantity of salt demanded tend tobe un responsive to changes in its price because salt is an inelastic good, the quantity demanded is unresponsive to price changes. This means that regardless of the price change, people will still buy it.
Salt is a product with a limited number of substitutes, and people may not spend a lot of money on it, so price increases do not bother them. Furthermore, it is a necessity with no close substitutes.
Thus, the demand for salt is inelastic i.e. any change in its price will not affect demand.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Imagine you’re renting an apartment with a friend after high school. Your friend wants to get satellite TV but can’t because they have bad credit due to a history of late payments. They ask if you’ll sign up for it and assure you they’ll take care of the payments. How would you respond?
Answers
Answer:
This is a tricky situation. On one hand, it would be nice to have satellite TV, but on the other hand, I don't want to put myself in a bad situation by signing up for something I can't afford. If I agree to sign up, I could potentially be held liable for the monthly fee if my friend isn't able to pay.
I would advise my friend to look into alternative options for TV services, such as streaming services or basic cable. If they still want to pursue satellite TV, then I would suggest that they speak to customer service about any other payment options available for those with bad credit.
Explanation:
Having just one error on a cover letter may eliminate an applicant from being considered for employment.
Answers
Answer:
i think its true
Explanation:
im sorry if im wrong
Click this link to view O*NET’s Work Context section for Chefs and Head Cooks.
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom.
According to O*NET, what are common work contexts for Chefs and Head Cooks? Check all that apply.
A. spend time keeping or regaining balance
B. importance of being exact or accurate
C. exposed to high places
D. spend time standing
E. responsibility for outcomes and results
F. responsible for others’ health and safety
Answers
Answer:
✅importance of being exact or accurate,✅spend time standing,✅responsibility for outcomes and results,✅responsible for others’ health and safety
I hope this helps!
Answer:
2. importance of being exact or accurate
4. spend time standing
5. responsibility for outcomes and results
6. responsible for others’ health and safety
Explanation:
US Airways is one of the nation's leading commercial air carriers, with hubs Phoenix and Las Vegas. Here are some the costs incurred by US Airways (I. Airplane fuel, 2. Flight attendants' salaries, V Baggage handlers' salaries, 4. In-flight meals. 5. Pilots' salaries, 6. Airplane depreciation and 7. Advertising). For each cost, list the appropriate cost driver; Indicate whether the cost is likely to be fixed, variable, or mixed in relation to your cost driver.
Answers
Airplane fuel: Cost driver - Flight hours. Variable cost as the fuel consumption is directly proportional to the number of flight hours.
Flight attendants' salaries: Cost driver - Number of flights. Mixed cost as there may be a fixed component (base salary) and a variable component (additional pay for extra flights) Baggage handlers' salaries: Cost driver - Number of flights. Mixed cost as there may be a fixed component (base salary) and a variable component (additional pay for extra flights In-flight meals: Cost driver - Number of passengers. Variable cost as the cost of providing meals increases with the number of passengers served Pilots' salaries: Cost driver - Flight hours. Mixed cost as there may be a fixed component (base salary) and a variable component (additional pay for extra flight hours).Airplane depreciation: Cost driver - Flight hours or years of service. Mixed cost as there may be a fixed component (depreciation based on the useful life of the aircraft) and a variable component (depreciation based on flight hours).Advertising: Cost driver - Marketing campaigns or promotions. Mixed cost as there may be a fixed component (advertising contracts) and a variable component (advertising expenses for specific campaigns).Airplane fuel cost is directly related to the number of flight hours. The more hours the planes fly, the more fuel they consume, making it a variable cost.Flight attendants' salaries may have a fixed base salary and additional pay for extra flights, making it a mixed cost.
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how much would you cost to have a good night
Answers
Answer:
as much as i need
Explanation:
The economy has an impact on _____?
a.
which jobs are seasonal
b.
the reasons why workplaces are different
c.
employment and unemployment
d.
how strictly rules at work are enforced
Answers
Answer:
The economy has an impact on employment and unemployment.
Answer:
employment and unemployment
What is the definition for revision
Answers
Answer:
Revision means to go back, in thought, to previous actions. You can revise papers, arguments, etc.
Explanation: : a new version of something : something (such as a piece of writing or a song) that has been corrected or changed, alter something already written or printed, in order to make corrections, improve, or update
which of the following jobs typically requires an associate’s degree
Answers
you never added the jobs...
ian was a shareholder of national corporation (nc), a publicly traded corporation. he brought a lawsuit against tenielle, the president of nc, in the name of nc itself. ian is alleging that tenielle breached her duty of loyalty to nc. this is known as a
Answers
Ian brought a lawsuit against Tenielle, the president of National Corporation (NC) in the name of NC itself. He is alleging that Tenielle breached her duty of loyalty to NC. This is known as a derivative lawsuit.
What is a derivative lawsuit?A derivative lawsuit is a lawsuit that a shareholder or a group of shareholders can bring in the name of the company. The shareholder files the lawsuit on behalf of the corporation, naming the corporation as a nominal defendant.
The company's management is responsible for protecting the company's interests. The shareholders act as watchdogs to ensure that the management is working in the company's best interests.
A derivative lawsuit is an essential tool for shareholders to keep tabs on management and prevent misconduct.
In the derivative lawsuit, a shareholder claims that the company has suffered an injury because of the wrongful acts of a director or officer.
This injury could include financial losses due to mismanagement, waste of corporate assets, or other misconduct that affects the company's bottom line.
Therefore, it can be concluded that Ian brought a derivative lawsuit against Tenielle, the president of National Corporation (NC) in the name of NC itself. He is alleging that Tenielle breached her duty of loyalty to NC.
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For a firm with the cost function C(Q)=2Q^3 − 8Q^2 + 10Q + 28,
below what price will they shut down in the short run?
Answers
If the price is equal to or below the minimum AVC (-2), the firm will shut down. Therefore, the shutdown price is any price that is less than or equal to -2.
To determine the price at which a firm will shut down in the short run, we need to find the minimum price that covers the variable costs but does not cover the fixed costs. In other words, the price should be equal to or below the shutdown price.
In the short run, the shutdown price is determined by comparing the minimum of the average variable cost (AVC) curve with the average revenue (AR) curve. If the price falls below the minimum of the AVC curve, the firm will shut down.
Given the cost function:
C(Q) = 2Q^3 - 8Q^2 + 10Q + 28
To find the AVC, we divide the total variable cost (TVC) by the quantity (Q):
AVC = TVC / Q
The TVC can be calculated by subtracting the fixed cost (FC) from the total cost (TC):
TVC = TC - FC
In this case, the fixed cost (FC) is 28, as given in the cost function.
To find the minimum of the AVC curve, we take the derivative of the AVC function with respect to Q and set it equal to zero:
AVC' = 0
Let's calculate the AVC and determine the shutdown price.
AVC = TVC / Q
AVC = (C(Q) - FC) / Q
AVC = (2Q^3 - 8Q^2 + 10Q + 28 - 28) / Q
AVC = (2Q^3 - 8Q^2 + 10Q) / Q
AVC = 2Q^2 - 8Q + 10
To find the minimum of the AVC curve, we take the derivative of the AVC function and set it equal to zero:
AVC' = 4Q - 8 = 0
4Q = 8
Q = 2
Substituting Q = 2 back into the AVC function to find the minimum AVC:
AVC = 2(2)^2 - 8(2) + 10
AVC = 4 - 16 + 10
AVC = -2
Therefore, the minimum of the AVC curve is -2.
To determine the shutdown price, we need to compare the minimum of the AVC curve with the average revenue (AR) curve. The AR curve is equivalent to the price (P) since the firm is a price-taker in the short run.
If the price is equal to or below the minimum AVC (-2), the firm will shut down. Therefore, the shutdown price is any price that is less than or equal to -2.
In summary, the firm will shut down in the short run if the price is below or equal to -2.
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Which of the following is not a reason that the subject line should never be
left blank?
• A. The receiver may be
confused and decide to delay opening it.
•
B. The receiver may think the message iS spam.
C. The email will not be transmitted without that information.
D. The receiver may not consider the message important.
Answers
Answer: C. The email will not be transmitted without that information is not a reason that the subject line should never be left blank. The email can be transmitted without a subject line, it just may be less likely to be opened or considered important by the receiver.
Explanation:
Answer:
C. The email will not be transmitted without that information.
A subject line is important in an email because it gives the receiver an idea of what the email is about and whether or not it is important or relevant to them. Leaving the subject line blank can cause confusion, delay the receiver opening the email or even mark it as spam, and make the receiver not consider the message important. But an email will be transmitted without a subject line, it's just that the receiver may not understand the content of the email.
Which one of the following is a claimed disadvantage of privatisation?
Answers
Answer:
3. There will be less competition than when the industry was nationalized monopoly
Explanation:
Privatization transfers ownership of state-owned corporations or properties from the government to the private sector. The transfer is through the sale of government-held shares to another company or the general public.
Since state-owned enterprises are large corporations, privatization creates the possibility of forming private monopolies. The private monopolies are likely to dominate the market and stifle out the competition. They are also likely to increase prices as private business is profit-motivated, which is detrimental to consumers.
The price of oranges increase, and so consumers buy more strawberries. This is an example of what?
Answers
A change in the exact quantity of a product that customers are willing and able to purchase is referred to as a shift in the quantity demanded. A change in pricing is what drives this shift in the quantity demanded.
What is Demand?Demand is the amount of a good that buyers are ready and willing to buy at different prices at a particular time. The demand curve is the name given to the relationship between price and quantity demand.
Also, consumers must be able to afford the items they want or need based on their budgeted disposable income.
Demand examines a market's price and purchases from the perspective of the customer. The principle of supply, on the other hand, emphasizes the viewpoint of the provider of the good or service.
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On 3/1/X1 Landlord Co. received a $36,000 cash payment from Renter Co. to pay for a total of 17 months, starting in the current month. How much revenue should Landlord Co. recognize in the year ending 12/31/X1? Round your answer to the nearest penny.
(anyone know accounting?)
Answers
Answer:
revenue recognized is $21,176
Explanation:
The computation of the revenue recognized is shown below:
= received amount for 17 months × given months ÷ total number of months
= $36,000 × 10 months ÷ 17 months
= $21,176
The 10 month is calculated from March 1 to December 31
Hence, revenue recognized is $21,176
After a business designates categories of expense in its budget, it a: applies a formula. b: appoints an accountant. c: allocates a dollar amount. d: attaches a time limit.
Answers
Answer:
c: allocates a dollar amount.
Explanation:
Budget is a systematic accounting record of expected expenses & receipts of an entity, for a period of time.
Expenses categorization is an important stage of budget planning. After designating the expenses categories in budget, a business entity should - allocate a dollar amount to the total expenses & its further distribution within the categories.
what is the term for when businesses produce goods and services that consumers do not want
Answers
Answer:
Productive (technical) inefficiency.
Explanation:
A market failure can be defined as a situation in which the market fails to produce an efficient level of productivity or output that is required to meet consumer demand.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market.
In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;
1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
2. Productive (technical) inefficiency: it occurs when businesses produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Answers
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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The personal needs, the culture, and the family of an individual influence his or her ethical choices.
Answers
Answer:
True
Explanation:
Ethical choices of an individua are an outcome of the social, cultural and regional exposure of the individual. Some part of the behavior and thoughts of an individual are sharped according of the ethnicity and culture. The values are enhanced and they are formed as a result of the choices made by the individual and the community. The result of the behavior, attitudes, choices and preferences of the individua are the outcome of the values formed by the person. Ethical choices are made upon the level of ethnic intensity.
What is the difference between a price floor and a price ceiling?
A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.
A price ceiling below the equilibrium price has no effect.
A price floor above the equilibrium price has no effect.
Answers
Answer:
A price ceiling below the equilibrium price has no effect.
The difference between a price floor and a price ceiling is a price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good. The correct option is a.
What is price floor?A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective.
The equilibrium price, commonly called the "market price", is the price where economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change, often described as the point at which quantity demanded and quantity supplied are equal. Governments use price floors to keep certain prices from going too low.
Two common price floors are minimum wage laws and supply management in Canadian agriculture. Other price floors include regulated US airfares prior to 1978 and minimum price per-drink laws for alcohol.
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PLEASE do your best on these questions, it’s 75% of my grade
Answers
Answer:
C
Explanation:
Im pretty sure its C. Everyone has to sign a lease when renting something
What type of warranty excludes certain parts of a product or particular types of defects from coverage: Question 5 options: A. Full Warranty B. Limited Warranty C. Extended Warranty D. None of the Above
Answers
The type of warranty that excludes certain parts of a product or particular types of defects from coverage is a "Limited Warranty." Option B.
A limited warranty provides specific coverage for a defined period of time, but it excludes certain components or defects that are explicitly stated in the warranty terms and conditions. These exclusions can vary depending on the product and manufacturer.
Common examples of exclusions in a limited warranty may include normal wear and tear, misuse or abuse of the product, unauthorized repairs or modifications, or specific parts that are deemed to be consumable or subject to separate warranties.
The purpose of a limited warranty is to set clear boundaries on what is covered and what is not, ensuring that the manufacturer or seller is not held responsible for all types of defects or damages that may occur.
By specifying exclusions, the warranty can provide coverage for the most critical aspects of the product while protecting the manufacturer from excessive liabilities.
It is important for consumers to carefully review the terms and conditions of a limited warranty to understand the extent of coverage and any exclusions mentioned.
This will help them make informed decisions about the product and be aware of potential limitations or additional costs associated with certain parts or defects. So OPtion B is correct.
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Kitchen Creations is a company that offers low-fat, heart-healthy meals that customers can order ahead of time and have delivered weekly to their homes. Rather than seeing itself a just a producer of food products, Kitchen Creations positions itself as a firm dedicated to helping customers save time and eat healthy. Kitchen Creations has set ________ objectives.
Answers
By positioning itself to emphasize and serve the health needs of customers, Kitchen Creations has set its Marketing Objectives. The keywords here are Positioning and Marketing Objectives.
What is a Marketing Objective?This refers to the set goals or targets that a brand or a business has decided to achieve just as we have in the example of Kitchen Creative, that are strategic to its overall objectives.
Positioning is the strategic image that a business has decided to create for itself and or its products in relation to other products and or businesses that are similar to its own.
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Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD
Answers
Answer:
D (all of the above)
Explanation:
When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.
What is network relationships?Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.
Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.
With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.
Therefore, option D is correct.
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Which savings account will earn you the most money?
1.One that earns simple interest monthly.
2.One that compounds interest daily.
3.One that earns simple interest daily.
4.One that compounds interest monthly.
Answers
Answer:
one that earns simple interest daily
The savings account that earn you the most money is: 3.One that earns simple interest daily.
What is savings account?
Savings account is an account that enables you to save while you earn interest on the amount saved reason being that saving account is an interest earning account.
A saving account that gives you simple interest daily is the best as it will enable to accumulate more interest.
Therefore the savings account that earn you the most money is: 3.One that earns simple interest daily.
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