Answers
B) a $1,000 credit to the Rent Expense. The organization's sales amount and sales revenue are subtracted from the term expenses.
The costs include both direct costs like wages and materials and indirect costs like maintenance, indirect labor, and many more.
What is implied by deals income?Revenue from sales of goods and services before expenses are deducted is called sales revenue. It is typically calculated over a predetermined time frame, like a fiscal year or a quarter.
How is revenue from sales calculated?The price per unit is multiplied by the number of products or services sold to determine sales revenue.
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Full Question = The income statement for the month of June 2012 of Camera Obscura Enterprises contains the following information:
The entry to close the expense accounts includes a _____
a. debit to Income Summary for $1,800.
b. credit to Rent Expense for $1,000.
c. credit to Income Summary for $5,200.
d. debit to Wages Expenses for $3,000.
Revenues $7,000
Expenses
Salaries and Wages Expense $3,000
Rent Expense 1,000
Advertising Expense 800
Supplies Expense 300
Insurance Expense 100
Total expenses 5,200
Net Income $1,800
Related Questions
Using your knowledge of how to properly punctuate dialogue, select the choice that has no errors.
"You may have luxuries and dainties that I have not," She said as she hurried away, "But I prefer my plain food and simple life in the country with the peace and security that go with it."
"You may have luxuries and dainties that I have not." she said as she hurried away, "but I prefer my plain food and simple life in the country with the peace and security that go with it."
"You may have luxuries and dainties that I have not." she said as she hurried away. "But I prefer my plain food and simple life in the country with the peace and security that go with it."
"You may have luxuries and dainties that I have not," she said as she hurried away, "but I prefer my plain food and simple life in the country with the peace and security that go with it.
Answers
Answer:
The third choice, the one that has a period before the word "but"
Explanation:
There can't be any "run on" sentences when trying to put a conversation. I'm pretty sure that's the answer, but it's hard to explain. I'm so sorry if I didn't make sense.
Question 10 of 10
How do values play a role in planning a career?
Answers
Career values are crucial since they can help define the parameters for your personal fulfillment and professional success. You may be intentional in your employment search and utilize your values to build your future by recognizing your own values and what matters most to you.
What are values in career planning?Work values, also known as career values, are the personal ideas, drives, and beliefs that guide you in determining what matters most to you in your professional life. Your drive to work and your overall success at work are both influenced by them.
Our actions, relationships, and lives as a whole are influenced by our own values. In addition to helping us make important decisions, our beliefs can affect how we develop personally. Knowing your values will help you make decisions about your profession, relationships with others, and interests that are most important to you.
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The attached photo below has the correct answers
Answers
The GASB requires governments to present budgetary comparisons in their external annual financial statements (either as an additional financial statement or as schedules in required supplementary information). What does the GASB require these statements/schedules to include
Answers
Answer:
The GASB requires these statements/schedules to include:
1. budgetary comparisons for the activities that are reported in the general fund and each major special revenue fund.
2. schedules showing the original budget, the final appropriations budget, and actual inflows, outflows, and balances on a budgetary basis.
Explanation:
The purpose of GASB section 34 is to improve the financial transparency of state and local governments' fiscal reports. It also increases governmental accountability, making it possible for citizens to participate in deciding operating budgets of their states and local governments.
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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List and explain 2 non verbal behaviors that employees should be aware of when in virtual meetings.
Answers
Looking around- might be losing focus of the presenter
6). When you were leading your in-house team, you displayed optimism by your demeanor each day. How can you best instill a spirit of optimism with your new remote team?
A) Frame challenges as opportunities and provide the tools to meet those opportunities.
B) Frame challenges as a part of business life and encourage your team to find ways to overcome them.
C) Display your same optimistic attitude when you are on video calls with your remote team.
Answers
To best instill a spirit of optimism with your new remote team, would be the best approach. Option A
What is Framing challenges?Framing challenges as opportunities and providing the tools to meet those opportunities can help your remote team stay positive and motivated.
By emphasizing the potential benefits of a challenge, you can help your team see it as an opportunity for growth and development, rather than as an obstacle. Providing the necessary tools, resources, and support to help your team meet those challenges can also help them feel more confident and optimistic about their ability to succeed.
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Lanyards that have no shock-absorbing features are used for _____. Group of answer choices climbing ladders workers under 150 pounds positioning working on scaffolds
Answers
Answer:
Positioning
Explanation:
In simple words, A positioning gadget system includes a positioning lanyard. The employee is supported by this system on a raised vertical surface, such as a wall or pole. This allows people to work while leaning without having to use their hands. The lanyard ties the individual to a place in ahead of their physique that serves as an anchor point.
distinguish between price elasticity of demand and price elasticity supply
Answers
Answer:
The price elasticity of demand is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price. The price elasticity of supply is the percentage change in quantity supplied divided by the percentage change in price
The graph shows the cost and revenue curves for a monopoly that produces teddy bears. The letters in the graph represent the enclosed areas.
If the monopolist charges a single price for teddy bears, which of the following describes an accurate outcome?
Answers
If the If the monopolist charges a single price for teddy bears, the accurate outcome would be: Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e). Option D is correct
What is meant by consumer surplus?Consumer surplus, which serves as a gauge of consumer welfare, is the difference between a product's social value and its actual purchase price.
When a product's market price is higher than the consumer's willingness to pay for it, a surplus is created. The economic concept of marginal utility, or the additional enjoyment one receives from consuming one more unit of a good or service, is the foundation of consumer surplus.
Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. The marginal benefit of each unit of consumption for a consumer is also represented by each price along a demand curve.
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The consumer surplus equals area (a), the producer surplus equals area (c), and the deadweight loss equals area (b+d+e).
The consumer surplus equals area (b), the producer surplus equals area (c+d), and the deadweight loss equals area (d+e).
The consumer surplus equals area (a+b) the producer surplus equals area (c), and the deadweight loss equals area (e+f).
Consumer surplus equals area (a+b), producer surplus equals area (c+d), and deadweight loss equals area (e).
The consumer surplus equals area (a), the producer surplus equals area (c+f), and the deadweight loss equals (b+d+e).
The income statement of Vince Gill Company is shown below.
VINCE GILL COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue
$6,900,000
Cost of goods sold
Beginning inventory
$1,900,000
Purchases
4,400,000
Goods available for sale
6,300,000
Ending inventory
1,600,000
Cost of goods sold
4,700,000
Gross profit
2,200,000
Operating expenses
Selling expenses
450,000
Administrative expenses
700,000
1,150,000
Net income
$1,050,000
Additional information:
1. Accounts receivable decreased $360,000 during the year.
2. Prepaid expenses increased $170,000 during the year.
3. Accounts payable to suppliers of merchandise decreased $275,000 during the year.
4. Accrued expenses payable decreased $100,000 during the year.
5. Administrative expenses include depreciation expense of $60,000.
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2017, for Vince Gill Company, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answers
Answer and Explanation:
The preparation of the operating activities section of the statement of cash flows is presented below:
Vince Gill Company
Operating activities section
Statement of cash flows
For the year ended December 31, 2017
Cash flow from operating activities
Net operating income $1,050,000
Adjustment made
Add: Depreciation expenses $60,000
Add: Decrease in account receivable $360,000
Add: Decrease in inventory $300,000 ($1,600,000 - $1,900,000)
Less: Increase in prepaid expenses -$170,000
Less: Decrease in accrued expenses -$100,000
Less: Decrease in account payable -$275,000
Net cash provided by operating activities $1,225,000
In our brief case study, we assume the Thomas and Jefferson families have identical mortgages (30-year term, fixed-rate 6% APR, and a loan amount of $175,000). The Thomas family will not pay extra but the Jeffersons will. Follow the steps below prior to your analysis.Required:a. Calculate the mortgage payment (the same for both families).b. Assume that the Thomas's will make only the required mortgage payment. The Jeffersons, however, would like to pay off their loan early. They decide to make the equivalent of an extra payment each year by adding an extra 1/12 of the payment to the required amount. Complete the following calculations to find what they plan to pay each month:- 1. 1/12 of the required monthly payment=___________ 2. By adding this 1/12 to the required payments, the Jeffersons plan to pay _____________$ each month.
Answers
Answer:
I prepared an excel spreadsheet with the amortization schedules for both families.
a. Calculate the mortgage payment (the same for both families).
the monthly payment for both families is $1,049.21
Complete the following calculations to find what they plan to pay each month:- 1. 1/12 of the required monthly payment = $87.43
2. By adding this 1/12 to the required payments, the Jeffersons plan to pay $1,136.64 each month.
The Jeffersons will pay their debt in 24 years and 7 months (295 months instead of 360).
Should i sell my bike to get a bike lock?
Answers
Answer:
definitely
Explanation:
Answer:
In my opinion, I think you shouldn't, But it's your choice.
Explanation:
In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
Group of answer choices
turnover.
point-of-sale.
rate of return.
return on interest.
Answers
If in your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your: C. rate of return.
What is rate of return?Rate of return can be defined as the gain or loss a person make on their investment and the rate of return is in a form of percentage.
In a situation where a person who invest his/her money into a business make a profit of 110% of the amount the person invested after two to three years this is called a rate of return.
Therefore the correct option is C.
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i need help asap ! thank you :)
Answers
Answer:
I purchased your Apple Cinnamon body wash about a month ago, and I recieved a Plum Raisin. I've come to know that you are no longer selling the Apple Cinnamon scent, and that is the only kind that I would like to have purchased, so I am looking to get a refund for the body wash you sent me. I know that you have a 90-day return policy, but only if the bottle is unopened, and I am asking you to make an exception for my purchase because the label gave me false information. You have labeled the bottle Apple Cinnamon, which is not only misleading, but an outright lie because the actual scent of the body wash was Plum Raisin. Even though you might say that the bottle was opened and I can't get a refund for that, I think that it is unfair of you to expect me to be satisfied with a body wash of the wrong scent. You didn't even think to contact me when you took Apple Cinnamon off your listing when I had ordered it, and you took a further step by hiding the label, I know that it is only acceptable if I get my money back for this product.
Thank you,
(Your name)
Explanation:
What is revising?
please help ur gurl out
Answers
Revising is the process of reviewing and changing a piece of writing to improve its overall clarity, coherence, and effectiveness. This can include making changes to the structure, organization, tone, word choice, and grammar of a piece of writing. The goal of revising is to ensure that the message of the writing is clear, concise, and effective in communicating the intended meaning to the reader.
A study was set up to look at whether there was a difference in the mean arterial blood pressure between two groups of volunteers, after 6 weeks of following one of two treatment programs. One group of volunteers were given an exercise regimen to follow for the 6 weeks and the other group were given the same exercise regimen with the addition of an experimental tablet. Which type of t-test should be used in this situation?
Answers
The independent samples t test is the test that has to be used ito check if there is a difference in the mean blood pressure of the two groups that are tested.
What is the independent sample t test?This is a test that is used to compare the mean that exists between two different independent groups.
The reason is to determine if there are statistical evidence to show that the means of the groups are statistically different.
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Given the figures below...
a. What geographical characteristics are common to states with the lowest energy usage per person?
b. Were there any temperatures above 80°F in the United States on the date shown in the contour map? If so, where?
Answers
a. States with the lowest energy usage per person in the United States often have mild climates and/or access to renewable energy sources. Specifically, they may have:
Lower average temperatures, reducing the need for heating and coolingAccess to renewable energy sources, such as hydroelectric or wind powerA smaller population density, leading to less energy consumption for transportation and infrastructureb. There was no state with temperatures above 80°F in the United States on the date shown in the contour map.
What is the energy usage about?States with low energy usage per person in the United States often have specific geographical characteristics and access to renewable energy sources. Here are some examples:
New York: New York has the fourth-lowest energy usage per person in the United States. The state has implemented energy efficiency policies, such as building codes and incentives for energy-efficient appliances. It also has access to hydroelectric power from the Niagara Falls.
Lastly, Vermont: Vermont has the second-lowest energy usage per person in the United States. Like Maine, Vermont's colder climate reduces the need for air conditioning. The state also has a high percentage of renewable energy sources, including hydroelectric power and solar energy.
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Give me a couple countries that have a low and high quality of life index
Answers
Answer:
Countries with have mediocre quality of Life index: Puerto Rico, South Korea, Greece, Bulgaria, Romania
Functional turnover usually proves to be positive for organizations.
A. True
B. False
Answers
Answer:
It's A. True
I hope this help!
Explanation:
The craft wholesaler, Living Arts, offers a 15 percent discount on all Christmas
decorations bought before August 1. If a local crafts shop placed an order on July
11 for $3,300 worth of decorations, what would the discount and final price be?
Answers
Answer:
Discount amount: $495
The final price: $2,805
Explanation:
The local crafts shop made their order before august 1, hence qualifies for the 15% discount.
The discount amount will be 15% of $3,300
=15/100 x $3,300
=0.15 x $3,300
=$495
The final price will be
cost price - discount amount
=$3,300 - $495
=$2,805
The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
Answers
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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Multiple Choice Question
Identify the articles that correctly complete the following sentence.
We all laughed at the joke about_ honest man, even though it was immature attempt at humor.
an; a
an; an
a; an
a; a
Answers
The correct answer is "an; an".
The reason for this is that the word "honest" starts with a vowel sound (the 'h' is silent), so it requires the article "an" instead of "a". The word "attempt" also starts with a vowel sound, so it also requires the article "an". Therefore, the correct articles to complete the sentence are "an; an".
What are the values of entrepreneurship
Answers
Answer: what r value of entrepreneurship
Explanation: Bravery. In recognizing and pursuing and opportunity, an entrepreneur requires bravery. ...
Vision. Vision guides the entrepreneur through the business planning process, clarifying the opportunity and setting goals for the organization. ...
Respect for self and others. ...
Trust. ...
Honesty. ...
Generosity. ...
Fortitude. if thats what u mean by this question
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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write a letter to the editor of daily graphic on why every school should have a library
Answers
Explanation:
your editor of daily Geography come on school should have a library and it is for your editor
PLEASE HELP WILL MARK BRAINLIST
Answers
The knowledge and skills of people increase.
1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Answers
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $74,100 of salary, $3,450 long-term capital gain, and $2,450 interest income. Bob's expenses for the year consist of $890 in investment advice fees and $155 in tax return preparation fees. What is Bob's investment expense deduction
Answers
Answer:
$0
Explanation:
Based on the information give investment expense are NOT deductible reason been that
his income for the year was the amount of $74,100 of his salary , $3,450 of his long-term capital gain, and $2,450 of his interest income in which his expenses for the year was the amount $890 in investment advice fees and the amount of $155 in tax return preparation fees which means that his expenses amount that is been paid in order to help manage tax income just as the information given about Bob Brain will be not be deductible.
Russell Company collected cash of $780 immediately after providing consulting services to a client. Which of the following general journal entries will Russell Company make to record this transaction?
Answers
The general journal entries that Russell Company will make to record this transaction is: Debit Cash, $780; credit Accounts Receivable $780.
Journal entries:Since the company receive cash of the amount of $780 after rendering service to their client. The appropriate journal entry to record the transaction is:
Russell Company journal entry
Debit Cash $780
Credit Accounts Receivable $780
(To record account receivable)
Inconclusion the general journal entries that Russell Company will make to record this transaction is: Debit Cash, $780; credit Accounts Receivable $780.
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