The journal entries depict a company's January transactions using perpetual inventory system, with book-to-physical adjustment made to align the ending inventory balance with the physical count.
The cost of goods sold and ending inventory are calculated using the average cost method. Using a perpetual inventory system, the following journal entries would be recorded for the transactions described:
January 2:
Accounts Receivable $224 (7 x $16)
Sales $224 (7 x $16)
Cost of Goods Sold $56 (7 x $8)
Inventory $56 (7 x $8)
January 2:
Accounts Receivable $176 (11 x $16)
Sales $176 (11 x $16)
Cost of Goods Sold $88 (11 x $8)
Inventory $88 (11 x $8)
January 16:
Accounts Receivable $176 (11 x $16)
Sales $176 (11 x $16)
Cost of Goods Sold $88 (11 x $8)
Inventory $88 (11 x $8)
January 18:
Accounts Payable $72 (9 x $8)
Inventory $72 (9 x $8)
January 19:
Accounts Receivable $176 (11 x $16)
Sales $176 (11 x $16)
Cost of Goods Sold $88 (11 x $8)
Inventory $88 (11 x $8)
January 24:
Accounts Payable $88 (11 x $8)
Inventory $88 (11 x $8)
January 31 (book-to-physical adjustment):
Cost of Goods Sold $52 [(25 + 9 + 11) - 13 x $8]
Inventory $52 [(25 + 9 + 11) - 13 x $8]
The journal entries above reflect the company's transactions for the month of January using a perpetual inventory system. The company had beginning inventory of 25 shovels at a total cost of $200, and purchased 9 shovels for $72 and 11 shovels for $88 during the month.
The company also sold a total of 29 shovels on account for a total of $576, and counted 13 shovels in inventory at the end of the month. The book-to-physical adjustment is necessary to bring the inventory account balance in line with the physical count of inventory on hand at the end of the month.
This adjustment reflects the cost of the 13 shovels still on hand using the average cost method, which calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale during the period.
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Megginson, Inc.s issued a five-year corporate bond of $300,000 with a 5% interest rate for $290,000. What effectwould the bond issuance have on Megginson, Inc's accounting equation?
a. Increase and decrease liabilities.
b. Increase and decrease assets
c. Increase assets and stockholders' equity
d. Increase assets and liabilities
The correct answer is (b) Increase and decrease assets. When Megginson, Inc. issued a corporate bond, it would receive $290,000 cash, which is an increase in assets (cash).
However, since the bond is issued at a discount, it also creates a discount on the bond account on the balance sheet, which is a decrease in assets. Additionally, the company's liabilities increase by the full face value of the bond ($300,000), which is the amount the company is obligated to pay to bondholders over the bond's term. Therefore, the accounting equation is affected by an increase and decrease in assets.
The accounting equation is: Assets = Liabilities + Stockholders' Equity. The issuance of the bond affects the left side of the equation (assets) and the right side of the equation (liabilities).
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Cost-push inflation corresponds to ________ output and demand-pull inflation corresponds to ________ output.
It should be noted that Cost-push inflation corresponds to lower output and demand-pull inflation corresponds to higher output.
What Is Cost-Push Inflation?Cost-push inflation serves as inflation that do take place when overall prices increase as a result of increases in the cost of wages and raw materials
Demand-pull inflation on the other hand describes the effects of an imbalance in aggregate supply and demand.
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The table shown displays yearly salaries and the CPl across five decades. What is the 1999 salary in 2009 dollars? Multiple Choice $132,692 $170,844 $105,292 $174,136
The table shown displays yearly salaries and the CPl across five decades. The 1999 salary in 2009 dollars is approximately $174,136.
To determine the 1999 salary in 2009 dollars, we need to adjust for inflation using the Consumer Price Index (CPI) values provided. The CPI measures changes in the price level of a basket of goods and services over time, reflecting inflation or deflation.
First, we calculate the inflation rate between 1999 and 2009 by dividing the CPI for 2009 (214.5) by the CPI for 1999 (166.0). This gives us an inflation factor of approximately 1.2939.
Next, we multiply the 1999 salary ($135,250) by the inflation factor to find the equivalent value in 2009 dollars. Performing the calculation, we get $174,135.975, which we can round to $174,136.
Therefore, the 1999 salary in 2009 dollars is approximately $174,136.
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Match each concept in Column A with an example in Column B. Column A Column B a. Substitute goods 1. Price and quantity along the supply curve b. A nonprice determinant of demand 2. Tea and coffee c. A nonprice determinant of supply 3. A change in technology d. Mark-up pricing 4. Hunger e. Positive relationship 5. Shoes and shoelaces f. Negative relationship 6. Consumer income g. Inadequacy 7. Price and quantity along the demand curve 24 h. Complementary goods 8. Setting price equal to cost plus 20 percent
Answer:
a. Substitute goods - Tea and coffee
b. A nonprice determinant of demand - Consumer income
C. A nonprice determinant of supply - A change in technology
D. Mark-up pricing - Setting price equal to cost plus 20 percent
E. Positive relationship - Price and quantity along the supply curve
F. Negative relationship - Price and quantity along the demand curve
G. Inadequacy - Hunger
H Complementary goods - Shoes and shoelaces
Explanation:
Substitute goods are goods that can be used in place of another good.
if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
Complementary goods are goods that are consumed together
The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.
Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :
1. a change in consumers' expectation
2. a change in the taste of consumers
3. a change in income
There is a positive relationship between price and the quantity supplied. This accounts for why the supply curve is positively sloped.
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
1. A change in the price of input
2. A change in the number of suppliers
3. Government regulations
4. Technological changes
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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At which point on the business cycle would most likely find cyclical unemployment?
Answer:
Recession cycle
Explanation:
Cyclical unemployment is the nature of unemployment caused by the natural cyclical trends in the economy. The economy undergoes seasons of boom and downturns. These seasons occur repetitively in a country from time to time.
When the economy is experiencing growth(boom or expansion), the production level is high, resulting in the creation of many job opportunities. During recessions ( economic downturns), demand and production decline leading to loss of jobs. The rate of unemployment increases. The type of unemployment created by the decline in economic activities is cyclical unemployment.
When a firm finances new investments, it may set up accounts payable with suppliers, but the balance that the firm must supply is called the investment in net capital.
When firm finances new investments, then set up accounts payable with suppliers, in which the balance that the firm must supply is called the investment in net "Working" capital.
This is because investment in net working capital is when the capital remains when the current liabilities are removed from the current assets.
The net working capital can be any of the cash, accounts receivable, inventory, and short-term investments or a combination of any of these elements.
The net working capital can be used to pay debts or invest in the growth of the company.
Hence, in this case, it is concluded that the correct answer is "Net Working Capital."
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the ________ shows the relationship between the price level and quantity of real gdp demanded.
The Aggregate Demand Curve shows that the relationship between the price and level and quantity of real gdp demanded.
The aggregate demand curve is a graphical representation of the relationship between the aggregate quantity of goods and services demanded in an economy and the overall price level. It is an economic tool used to analyze macroeconomic conditions and to evaluate the effects of fiscal and monetary policies on the economy. In the aggregate demand curve, the quantity of output demanded increases as the price level decreases. This inverse relationship is known as the law of demand. As the price level rises, the quantity of output demanded decreases. The downward slope of the aggregate demand curve is a result of the law of diminishing marginal utility.
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doc’s ribhouse had beginning equity of $77,500; net income of $23,000. the company has no other transactions impacting equity. calculate the ending equity.
The equity of a business is defined as the difference between the company's assets and liabilities. It is the value of the owner's investment in the firm. Beginning equity is the value of the equity at the start of a financial period.
Net income is the company's earnings for the accounting period after all expenses and taxes have been paid out. This implies that we'll need to use these two variables to calculate ending equity. The equation for calculating ending equity is as follows:
Ending Equity = Beginning Equity + Net Income In the given problem statement, the beginning equity is $77,500, and the net income is $23,000. As a result, we'll substitute these values into the equation and simplify as follows: Ending Equity = Beginning Equity + Net Income Ending Equity = $77,500 + $23,000Ending Equity = $100,500.
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brand loyalty is a customer's favorable attitude toward a specific brand. true false
True, Brand loyalty refers to the positive sentiment and attachment a customer has towards a particular brand. This means that the customer is not only satisfied with the product or service offered by the brand, but also feels a sense of loyalty towards it.
Brand loyalty is important for businesses as it leads to repeat purchases, positive word-of-mouth recommendations, and ultimately, higher sales and revenue.
Additionally, loyal customers are more likely to overlook minor issues with the brand and continue to support it. Therefore, building and maintaining brand loyalty is essential for businesses looking to establish a strong customer base and increase profitability.
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Help me and I will give you 30 Brainliest if your answer is correct.
"Jamie is not sure exactly what career to pursue but when she learned about the Human Services cluster, something spoke to her. Which types of career pathways are available to Jamie? Pick a career from each path and explain what it involves and where she might work if she had that job."
One of the careers from the Human Services Cluster that Jamie can consider looking at is Career Counselling.
What are Human Services Clusters?Human needs are met via activities such as counseling and mental health programs, family and neighborhood services, personal care, and consumer services in the Human Services profession cluster.
Given that Jamie herself struggled with making this choice, she should find a purpose in Career Counselling. The career pathway to becoming a career counselor is given as follows:
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In general, how many human resource employees would be on staff for a firm with 500 total employees?
For every 100 company employees, there is typically one HR employee. Therefore, to cover all of the firm's HR concerns, a company with 500 company employees would need 5 HR professionals.
In a corporation, how many managers are there?The four most prevalent types of managers are team leaders, top-level managers, middle managers, and first-line managers. The daily responsibilities of these positions vary, but so do their overall responsibilities within the organization and the types of employees they are responsible for managing.
What exactly is an HR professional?An HR professional is a person employed to advance both the company and its personnel. The ideal HR professional will create, update develop, and manages corporate policies to ensure the benefits of his business and its employees while adhering to international labor standards and best practices.
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Write a scenario that will help you understand the following word or topic and show me that you understand their importance.
Disciplines - information literacy practices change based on the discipline (or what one is
studying or researching) to determine if information is relevant to the need
Discipline-specific reading, writing, and communication techniques are referred to as disciplinary literacy. It focuses on reasoning, capacities, and equipment employed by specialists in the relevant fields.
Describe a scenario.Teachers anticipate that children have mastered the fundamental techniques and methods for reading and interpreting material by the time they enter high school and middle school. To support their reading and writing in the classroom, students who are still trying to acquire these proficiencies may need help from their regular classroom teachers and, in some situations, from reading or special education experts. However, even pupils who have mastered good literacy habits in their early years could lack the reading and writing abilities necessary to master the challenging texts they will encounter in middle and high school. Making connections, posing questions, drawing conclusions, summarising, and checking their understanding are just a few of the fundamental methods they have mastered for reading texts of many genres and subjects. However, individuals could still find it difficult to recognize and apply specialist reading techniques to comprehend, evaluate, and interpret crucial concepts in discipline-specific books. By this, we understand that there is a need to learn the basic disciplines, and even if a person is not able to be getting fundamental guidance related to it.
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Honesty is an example of a value.
True
False
Answer:
True
Explanation:
Honesty is a value
:)
Answer: true, personally not sure if this is for edge or not
Explanation:
yeah
What particular business conditions and/or strategy might make telling or not telling the more advantageous option?
Telling employees gain motivates personnel to do their high-quality work. after they realize there are possibilities for advancement, they will do their process to a better standard to electrify those who are looking.
4 everyday business-level strategies emerge from those choices: (1) huge cost management, (2) wide differentiation, (three) targeted cost leadership, and (four) centered differentiation. In rare cases, companies are able to provide both low costs and particular capabilities that customers discover acceptable.
Put clearly, business strategy is a clear set of plans, actions and desires that outlines how a commercial enterprise will compete in a selected market, or markets, with a product or number of products or services.
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What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
Bellandro Brewery recently became certified as an ISO 14001 company. Which of the following criteria would decision makers evaluate for this award?
Answer:
environmental improvement plans at the brewery
Explanation:
7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
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Describe ways in which a verbal/linguistic learner prefers to learn.
Answer:
People with verbal-linguistic learning styles learn best when taught using spoken or written materials. They prefer activities that are based on language reasoning rather than abstract visual information. ... They usually enjoy written projects, speech and drama classes, debate, language classes, and journalism.
Explanation:
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a decrease in aggregate spending that is caused by a factor other than the price level will lead to the
A decrease in aggregate spending that is caused by a factor other than the price level will lead to a leftward shift in the aggregate demand curve.
This shift can result in a decrease in both real GDP and the equilibrium level of output, potentially causing an economic contraction or slowdown.
When there is a decrease in aggregate spending, it means that there is less demand for goods and services at any given price level. As a result, the AD curve shifts to the left, indicating a decrease in overall demand in the economy.
The leftward shift in the AD curve can have significant effects on the economy. When the AD curve shifts to the left, it can lead to a decrease in both real GDP and the equilibrium level of output.
This is because there is less demand for goods and services, which means that firms will produce less and hire fewer workers.
As a result, this decrease in output can lead to a contraction or slowdown in the economy, with potential negative effects on employment, incomes, and overall economic growth.
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According to exodus 31:15 in whose honour we spend the Sunday?
Answer:
God
Explanation:
On sunday is sabbath of complete rest, it is something holy to God
A company has deposited an NSF check in its bank account. Which adjustment must be done in the bank reconciliation statement?
A. The amount must be added to the checkbook balance.
B. The amount must be deducted from the checkbook balance.
C. The amount must be added to the bank balance.
D. The amount must be deducted from the bank balance.
Answer:
B. The amount must be deducted from the checkbook balance.
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent not-sufficient funds (NSF) checks.
A not-sufficient funds (NSF) checks refers to a check that isn't honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check
In this scenario, a company has deposited an NSF check in its bank account. The adjustment which must be done in the bank reconciliation statement is that, the amount must be deducted from the checkbook balance.
How has that role that service in U.S. Congress plays in the career of a politician changed over time?
a. Service in the U.S. Congress used to be the death of one’s career in politics.
b. Service in the U.S. Congress used to be a mid-career move to gain national experience before returning to state government.
c. It used to be that two mutually exclusive pools of politicians existed: those focused entirely on state politics, and those focused entirely on national politics.
d.It used to be that politicians would stay in the U.S. Congress until they retired, but now the most prestigious positions are in the state legislatures.
Over time, the role that service in the U.S. Congress plays in the career of a politician has evolved significantly. In the past, it used to be that service in the U.S. Congress was seen as the death of one's career in politics
(a). However, this has changed as service in the U.S. Congress is now seen as a mid-career move to gain national experience before returning to state government (b). In the past, two mutually exclusive pools of politicians existed: those focused entirely on state politics, and those focused entirely on national politics (c). But now, politicians can move back and forth between the two levels of government. Additionally, it used to be that politicians would stay in the U.S. Congress until they retired, but now the most prestigious positions are in the state legislatures (d). Overall, the role of service in the U.S. Congress in a politician's career has become more dynamic and flexible over time.
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_____________________________ are the three alternative ways an international division's operating units can be organized.
A. Export departments, sales departments, or marketing departments
B. Local product groups, regional product groups, or world product groups
C. Geographical organizations, regional organizations, or global organizations
D. Local offices, foreign offices, or global offices
E. Geographical organizations, world product groups, or international subsidiaries
C. Geographical corporations, regional organizations, or international businesses are the 3 alternative methods an worldwide department's running units can be organized.
Geographical businesses involve dividing the international division via geographic areas, including Asia, Europe, and the Americas. every region operates independently and is answerable for adapting the corporation's products and advertising techniques to fulfill the precise wishes of the vicinity.
Regional organizations group countries within a place that proportion comparable traits, such as language, lifestyle, or economic conditions. This technique lets in for more performance in operations and advertising.
International organizations integrate operations across all international locations and regions, with a centralized control shape. This approach allows for extra coordination and consistency in operations and advertising, but may not be as flexible in responding to local marketplace conditions.
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Regional organizations, or international businesses
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C. Geographical corporations, regional organizations, or international businesses are the 3 alternative methods an worldwide department's running units can be organized.
Geographical businesses involve dividing the international division via geographic areas, including Asia, Europe, and the Americas. every region operates independently and is answerable for adapting the corporation's products and advertising techniques to fulfill the precise wishes of the vicinity. Regional organizations group countries within a place that proportion comparable traits, such as language, lifestyle, or economic conditions. This technique lets in for more performance in operations and advertising.
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How different would your life be if there weren't social media platforms? Would your life improve? What would you miss?
Answer:
I think it would improve because then people will be more interactive and social and everyone will be way more kind and I think its just way better in every way be social media is addicting to people. do yee. =)
Answer:
It will improve
Explanation:
Because the the citizen will be more caring to other things. I think there isn't a thing that we would miss
when the federal government crafts environmental policies that make it less expensive for firms
Crafting environmental policies that make it less expensive for firms can have several positive impacts on the economy, the environment, and the overall well-being of society.
When the federal government implements policies that reduce the costs for firms to comply with environmental regulations, it incentivizes businesses to adopt more environmentally friendly practices. By lowering the financial burden associated with implementing sustainable measures, firms are more likely to invest in technologies and processes that reduce their carbon footprint, minimize pollution, and conserve natural resources. This leads to a reduction in the overall environmental impact of industrial activities.
Additionally, cost-effective environmental policies can stimulate economic growth and create job opportunities. When firms are able to operate in a more sustainable and cost-efficient manner, they can allocate resources towards innovation, research, and development. This fosters the growth of green industries and promotes the emergence of new markets for environmentally friendly products and services. Consequently, these industries can generate employment opportunities and contribute to a more sustainable and resilient economy.
Moreover, affordable environmental policies can enhance public health outcomes. By encouraging firms to adopt cleaner technologies and reduce pollution, the negative health effects associated with environmental degradation, such as respiratory illnesses and water contamination, can be minimized. This leads to improved air and water quality, creating a healthier living environment for communities and reducing healthcare costs associated with pollution-related ailments.
In conclusion, when the federal government crafts environmental policies that make it less expensive for firms, it creates a win-win situation for the economy, the environment, and public health. By incentivizing businesses to adopt sustainable practices, these policies can drive economic growth, create jobs, reduce environmental degradation, and improve public health outcomes.
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5.3 a supply chain student is visiting houses in her neighborhood to raise money for charity. she spends 5 hours and visits 20 houses. ten houses make donations which total $300 for charity. the best measure of productivity for this is:
The best measure of productivity for the supply chain student's charity fundraising activity would be "Output per unit of Input". In this case, the output is the total donations of $300 and the input is the time spent visiting houses, which is 5 hours. Therefore, the productivity can be calculated as:
Productivity = Output / Input
Productivity = $300 / 5 hours
Productivity = $60 per hour
So, the best measure of productivity for the supply chain student's charity fundraising activity is $60 per hour, which represents the amount of donations raised per hour of time spent visiting houses.
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Why is it important to demonstrate a positive work attitude in the workplace?
O to be seen as trustworthy and reliable
O to be seen as coachable and flexible
O to be seen as willing to delegate tasks
O to be seen as easily persuadable
Answer:
the first one
Explanation:
if you aren't trustworthy you might not get as many opportunities in your workplace
One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm
Which of the following is NOT a repayment plan option?
O Extended repayment plan
O Loan forgiveness repayment plan
O Income sensitive repayment plan
O Graduated repayment plan
Answer: Loan forgiveness repayment plan.
Explanation:
The Extended Repayment Plan: This is a repayment plan option whereby the loan can be paid back for a period of about 25 years.
The Income-Sensitive Repayment Plan: This is a repayment plan option for those who want low income. Here, payment can either increase or reduce based on what the person earns annually.
The Graduated Repayment Plan: This is a repayment plan option which increases every two years.
The loan forgiveness repayment plan is not a repayment plan option.