The first stage of the book- keeping process in accounting is to produce entries in the general journal where every sale is recorded by making two contemporaneous entries, videlicet, one disbenefit entry and one credit entry. An increase in means or expenditure is considered as disbenefit while an increase in arrears or profit is considered as credit.
The correct answer to the given question is option (b) Debit Cash, $5,000; credit Accounts Receivable, $5,000.
When the ELOE Inc. receives cash of$,5000 from the client who preliminarily bought ELOE's products, the cash account increase by the corresponding quantum and the accounts receivables regard diminishments by the same quantum.
Journal Entries
Cash (asset) = $5,000 (debit)
Accounts receivable (asset) = $5,000 (credit)
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Suppose the accompanying table contains data on how many veggie delite sandwiches subway is willing to sell each day at two different prices. Calculate the daily price elasticity of supply when the price increases from $5. 00 to $7. 50. Please round to the nearest hundredth.
Annual elasticity is more elastic (since firms can switch to other production methods or lower-cost inputs quicker in the long run, compared to in the short run), and the annual supply curve is flatter.
A supply curve constitutes a graph that depicts how the quantity that a vendor supplies is impacted by changes in the selling price of an item or service. The horizontal x-axis shows the quantity supplied, and the vertical y-axis shows the price.
The supply curve changes to the right when the alteration in supply is higher and to the left when the increase in supply is lower.
Using the midpoint method,
Elasticity (Es) = [(Q1 - Q0) / (Q1 + Q0)] / [(P1 - P0) / (P1 + P0)]
= \([(210,000 - 200,000) / (210,000 + 200,000)] / [(7.5 - 5) / (7.5 + 5)]\)
= \((10,000 / 410,000) / (2.5 / 12.5)\)
= \(0.12\)
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HELP ILL GIVE A CROWN TO WHOEVER IS RIGHT BUT PLZ HeLP
Alejandro lives in a small apartment, within walking distance to school. He takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. He wants to save money to buy a $6000 car within the next 2 years. How could a monthly budget be created to help Alejandro meet his financial goals? Select the best option.
Monthly Budget
Budget A
Budget B
Budget C
Budget D
Income
$1,500
$1,500
$1,200
$1,200
Expenses-
Rent
Utilities
Food
Bus Pass
Savings
$600
$100
$150
$25
$250
$600
$100
$550
$25
$250
$600
$100
$250
$25
$250
$600
$100
$150
$25
$250
a.
Budget A
b.
Budget B
c.
Budget C
d.
Budget D
Please select the best answer from the choices provided
A
B
C
D
Answer:
um look and ctrl C my link and it have the answer
Explanation:
um that should also give ur answer too
https://quizlet.com/68451633/personal-finance-flash-cards/
Answer:
The answer is Budget D
Explanation:
what is a good online website for a highschool student to do 40 hours volunteering?
there are many websites to volunteer
I've found some websites from the given list
1. United Nation Volunteers
2. Catchafire
3. Smithsonian Digital Volunteers
4. Amnesty Decoders
5. Translators Without Borders
6. Crisis Text line
7. Zooniverse
8. Project Gutenberg
9. Dosomething.org
How did Adam Smith's economic beliefs lead to the development of a new economic system?
Adam Smith was a Scottish economist and philosopher whose ideas on economics had a profound impact on the development of the capitalist system.
Smith believed that free markets, competition, and the division of labor were essential to economic growth and prosperity. In his influential book "The Wealth of Nations," he argued that the government should have a limited role in the economy, and that individuals pursuing their self-interest in a competitive market would lead to the most efficient allocation of resources.
Smith's ideas laid the foundation for the development of a new economic system, known as capitalism, which emphasizes private ownership of the means of production, free markets, and entrepreneurship. Capitalist system has been credited with driving innovation, raising living standards, and promoting economic growth, but has also been criticized for its negative impact on the environment, income inequality, and social justice.
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Question 1 of 10
A business buyer purchases toner, paper, and staples from a seller of office
supplies. What form does the seller need to use to inform the buyer about the
payment owed for this purchase?
O A. An invoice
B. A receipt
C. A purchase order
D. A packing slip
Answer:
B. A receipt.
Explanation:
A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.
do any of yall like Pokémon
Answer:
yes
Explanation:
Answer:
Yes
Explanation:
I DO I FINISHED INDIGO LEAGUE AND NOW IM ON SUN MOON
2. Which of the following is NOT true?
A mortgage loan is a secured loan.
OA personal loan is a secured loan.
Loan terms are the information written in a loan agreement.
OA personal loan is an unsecured loan.
The statement "A personal loan is a secured loan" is NOT true.
What is a personal loan?A loan is a financial agreement between a borrower and a lender, where the borrower receives a certain amount of money from the lender and agrees to repay it with interest over a set period of time. The personal loan is generally a type of unsecured loan, which means that it is not secured by any collateral. On the other hand, a mortgage loan is a secured loan as it is secured by the property being purchased.
Therefore, loan terms are the information written into a loan agreement, such as the interest rate, payment period, and any fees or penalties associated with the loan.
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2. What may NOT impact the interest rate on your loans?
a.
The loan amount
b. Your relationship with the financial institution
C.
Your level of education
d. Your credit score
Formulate but do not solve the problem.
Kelly Fisher invested a total of $20,000 in two municipal bonds that have yields of 7% and 9% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $1680, how much did she invest in each bond? (Let x and y denote the amount, in dollars, invested at 7% and 9%, respectively.)
Kelly invested $8,000 at a 7% interest rate and $12,000 at a 9% interest rate.
Kelly Fisher invested a total of $20,000 in two municipal bonds that have yields of 7% and 9% interest per year, respectively.
To find the amount Kelly invested in each bond, we can set up a system of equations based on the given information. Let x represent the amount invested at 7% and y represent the amount invested at 9%. We know that the total investment is $20,000, so we have the equation x + y = 20,000.
We also know that the interest Kelly receives in a year is $1680. The interest from the 7% bond can be calculated as 0.07x, and the interest from the 9% bond can be calculated as 0.09y. So we have the equation 0.07x + 0.09y = 1680.
Solving the system of equations, we find that x = $8,000 and y = $12,000. Therefore, Kelly invested $8,000 at a 7% interest rate and $12,000 at a 9% interest rate.
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Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
Kay has decided to take out a $23,100 loan, and she wants to pay it back in quarterly installments. She has narrowed her options down to two banks. Bank V offers a six-year loan with an interest rate of 4. 6%, compounded quarterly, and has a service charge of $822. 45. Bank W offers an eight-year loan with an interest rate of 3. 9%, compounded quarterly, and a service charge of $722. 25. Which loan will have the greater total finance charge, and how much greater will it be? Round all dollar values to the nearest cent. A. Loan W's finance charge will be $335. 96 greater than Loan V's. B. Loan W's finance charge will be $436. 16 greater than Loan V's. C. Loan V's finance charge will be $263. 10 greater than Loan W's. D. Loan V's finance charge will be $100. 20 greater than Loan W's.
Answer:… um um um um
Explanation:why am I getting these questions
There are many different sources of income. Usually, most of an adult's income comes from _____.
dividends
rent
taxes
salary
Answer:
d. salary
Explanation:
There are many different sources of income. Usually, most of an adult's income comes from salary.
hope it helps:)
mark brainliest!
in a certain company, one accountant records most of the adjusting journal entries at the end of the month. what type of analysis could be used to identify that this happens, as well as the cumulative size of the transactions the accountant records?
In a certain company, if an accountant records most of the adjusting journal entries at the end of the month, a combination of horizontal and vertical analysis can be used to identify this occurrence and determine the cumulative size of the transactions recorded.
Horizontal analysis involves comparing financial data over a period of time, such as monthly or yearly. By analyzing the trends in the financial statements, you can identify patterns and anomalies that suggest the majority of adjustments are made at the end of the month. This analysis will highlight any significant changes in the accounts, such as an unusual spike in transactions during the last few days of the month.
Vertical analysis, on the other hand, focuses on the relationships between various accounts within a single period. It calculates the proportion of each line item to a specific base, such as total assets or net sales. By examining the percentages of various accounts in relation to the base, you can determine if the accountant's adjustments significantly impact the overall financial position of the company.
In conclusion, a combination of horizontal and vertical analysis can help identify the pattern of an accountant recording most adjusting journal entries at the end of the month, as well as estimate the cumulative size of the transactions they record. By carefully examining the trends and relationships within the financial statements, it is possible to gain insights into the company's accounting practices and make informed decisions based on the data.
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Which tasks would be performed by someone in an Administration and Information Support career?
analyzing information to predict future sales and supervising others
answering telephone calls and filing paperwork
training employees and administering employee benefits
hiring and firing employees and approving budgets
Answer:
B. Hope this helps my friend!
Explanation:
Answer:
anwer is B
Explanation:
The frequency table shows the intended careers among an incoming class of 1st year college students. if a student is chosen random, what is the probability that he or she intends to have a career as an engineer, medical doctor, or surgeon?
The probability that a randomly chosen student intends to have a career as an engineer, medical doctor, or surgeon can be determined by summing up their frequencies and dividing it by the total number of students.
How can we calculate the probability of a student intending to pursue a career as an engineer, medical doctor, or surgeon?To calculate the probability, we add up the frequencies of the intended careers as an engineer, medical doctors, and surgeons from the frequency table. Let's say the frequencies are represented by f1, f2, and f3, respectively. We then sum these frequencies: f1 + f2 + f3. Finally, we divide this sum by the total number of students in the incoming class to obtain the probability.
The probability is given by (f1 + f2 + f3) / total number of students.
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What is your major(potential) in college?
ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answer:
understanding the interest rate
Explanation:
i took the test
What do you mean by a facilitator? What are the major jobs of a facilitator of non formal educational programme
Explanation:
It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.
Answer:
The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.
List the basic elements of business plan
Answer:
Company Description
Market Analysis
Competitive Analysis
Marketing Plan
Sales Strategy
Explanation:
Mark me the brainliest if it helped
Which characteristic of money is directly influenced by the Federal Reserve and its control of the money supply?
Accepted
Durable
Portable
Scarce
Scarce is the characteristic of money is directly influenced by the Federal Reserve and its control of the money supply. Hence, option D is correct.
What is Scarce?Lacking in amount or number compared to the demand: not numerous or bountiful. The fundamental difference between the two words is the 'want' for a particular thing.
When we use the term "rare," we usually imply that something is valuable but not necessary, and as a result, is not in great demand. But when something is described as "scarce," it means that there aren't enough of it to meet demand.
to leave a place in order to avoid being seen there or to be seen leaving. Better get out of here before my parents get home.
Thus, option D is correct.
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The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles cost $2. 00 each, pancakes cost $1. 00 each, and that Parker has $8. 00 to spend on these two goods. Since Parker cannot afford more than four waffles or eight pancakes, the utility is given only for quantities smaller than these.
Quantity of waffles Total utility of waffles Marginal utility of waffles
1 100 100
2 180 80
3 240 60
4 270 30
Quantity of pancakes Total utility of pancakes Marginal utility of pancakes
1 40 40
2 70 30
3 90 20
4 105 15
5 115 10
6 120 5
7 123 3
8 125 2
Required:
Given his budget constraint, determine what quantities of waffles and pancakes Parker will consume to maximize utility
Parker will purchase four waffles and four pancakes for a total of $8.00, which will give him a total utility of 375.
What is utility?Utility is a term used to describe the economic value of a product, service, or resource. It is the amount of satisfaction, benefit, or advantage that a consumer receives from consuming a good or service. Utility is a subjective concept, meaning that it can vary from one person to another. Utility can be measured in terms of usefulness, usefulness and convenience, or pleasure. Utility can also be measured in terms of cost, meaning the amount of money one has to spend to obtain a good or service. In general, utility is the amount of satisfaction an individual receives from consuming a good or service. Utility is an important concept in economics as it helps to determine the demand for a good or service. Additionally, utility plays an important role in pricing as it helps to determine the optimal amount a consumer is willing to pay for a good or service.
Given Parker's budget constraint of $8.00, he will purchase four waffles and four pancakes to maximize his utility. Since the marginal utility of waffles is 30 after four waffles and the marginal utility of pancakes is 15 after four pancakes, it is better for Parker to purchase two more pancakes in order to maximize his utility. Therefore, Parker will purchase four waffles and four pancakes for a total of $8.00, which will give him a total utility of 375.
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the information age is a period in history where the production, distribution, and control of information is the primary driver of the economy. group of answer choices true false
The production, dissemination, and regulation of information serve as the main economic drivers of the information age.According to Bell's Law, a new computer class emerges roughly every ten years, creating a new industry.
What is the meaning of the Information Age?The Information Age is a time period in history that started in the middle of the 20th century and was marked by a quick transition from the traditional industries created by the Industrial Revolution to an economy predominately centered on information technology. The "information era," a time in human history marked by the transition from industrial production to one centered on information and computerization. The reason this time in history is known as the Information Age is because it allows for rapid access to knowledge that would have previously been difficult or impossible to find. The production, dissemination, and regulation of information serve as the main economic drivers of the information age.According to Bell's Law, a new computer class emerges roughly every ten years, creating a new industry.
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Which statement or statements apply to a bond which is selling at a premium? I. The market value exceeds the par value. II. The selling rate is above 100. III. It is sold by corporations, not by the government. A. I and II b. I only c. III only d. I, II, and III.
Answer:
Its A
Explanation:
I took the test
Answer:
A
Explanation:
edge
In a fractional reserve banking system like the one in the U.S., new deposits are created when
Multiple Choice
a person takes money out of one bank and puts it in another bank.
a bank lends money.
a person takes money out of the banking system and holds it as cash.
All of these options are correct.
a bank borrows dollars from the Federal Reserve.
All of these options are correct. in a fractional reserve banking system like the one in the U.S., new deposits are created through a combination of these actions, including interbank transfers, lending, holding cash as deposits, and borrowing from the central bank.
In a fractional reserve banking system like the one in the U.S., new deposits can be created through various mechanisms. One way is when a person takes money out of one bank and puts it in another bank. When this happens, the original bank loses reserves but the receiving bank gains new deposits. This process effectively increases the total amount of deposits in the banking system.
Another way is when a bank lends money. Banks are allowed to create new deposits by extending loans to borrowers. When a loan is granted, the bank creates a new deposit in the borrower's account, increasing the overall amount of deposits in the system. This is possible due to the fractional reserve system, where banks are only required to hold a fraction of deposits as reserves while lending out the remainder.
Additionally, a person taking money out of the banking system and holding it as cash can also contribute to the creation of new deposits. When cash is withdrawn, it reduces the reserves of the bank. However, if the withdrawn cash is subsequently deposited into another bank, that bank gains new deposits, thereby increasing the total deposits in the system.
Lastly, a bank borrowing dollars from the Federal Reserve can also lead to the creation of new deposits. When a bank borrows from the Federal Reserve, it receives additional reserves that it can use to extend loans or create new deposits. This injection of reserves into the banking system increases the potential for new deposits to be created through lending activities.
Overall, in a fractional reserve banking system like the one in the U.S., new deposits are created through a combination of these actions, including interbank transfers, lending, holding cash as deposits, and borrowing from the central bank.
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If supply increases and demand stays the same, there will be a
A) higher equilibrium price and quantity
B)lower equilibrium price and higher quantity
C) lower equilibrium price and quantity
D) higher equilibrium price and lower quantity
Answer:
B) lower price increase quantit
Explanation:
If you have saved $4,000 in your savings account that earns 0.3% interest annually, what will most likely happen to the purchasing power of your savings over time?
If You have more money, but your purchasing power is lower. You will actually lose money if your savings don't increase at a rate that keeps up with inflation. Hence purchasing power will be $ 4012 .
What is Purchasing power ?If inflation reduces your purchasing power every year when you are retired and living off of your savings, you won't be able to maintain the same level of life. This is particularly true in the United States, where medical costs frequently increase more quickly than other prices.
Long before retiring, inflation can be detrimental. Let's say you are diligently setting aside money for a specific purpose, like a home down payment or a college fund for your kids. While you're saving, your money's purchase power can decrease.
Given in que
Saving $ 4,000
interest = 0.3%
\(4000+0.3%= 4,012\\$ 4012\\\)
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An insurance premium is...
Answer:
a monthly payment that ensures insurance coverage for a person.
Explanation:
An insurance premium paid on an insurance policy is referred to as a periodic payment made at regular intervals or in lump sum in order to insure the mishappening of an event against which such insurance has been taken.
What is the significance of an insurance premium?An amount, which is paid against the insurance of claim for mishappening of a particular event, is known as an insurance premium. The frequency of payment of an insurance premium is fixed and predetermined. Non-payment of insurance premium may lead to cancellation of policy.
An insurance premium is like a small proportion of the insured amount made against such event. It is worth to be noted that the payment of insurance premium paid can never be more than the actual amount insured by a person.
Therefore, the significance of an insurance premium has been aforementioned.
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Which of the following is not one of the reasons cited for the growth in incarcerated populations?
a. Federal prison growth
b. Increased probability of incarceration
c. Inmates serving more time for each crime
d. Private prisons
The correct answer is: d) Private prisons. In the United States of America, incarceration is a pressing issue as its incarcerated population is one of the largest in the world.
There are several reasons cited for the growth in incarcerated populations such as federal prison growth, increased probability of incarceration, and inmates serving more time for each crime. Private prisons, on the other hand, are not one of the reasons for the growth in incarcerated populations. Incidentally, private prisons are part of the reason for the growth of the American prison system.
Private prisons are a business enterprise where individuals who are found guilty of a crime are kept. These prisons are not funded by the government but by a corporation or company. Inmates are incarcerated to serve their sentences in private prisons.
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Which of the following correctly describes the accounting for indirect labor costs?
A) Indirect labor costs are period costs and are expensed as incurred.
B) Indirect labor costs are period costs and are expensed when the manufactured product is
sold.
C) Indirect labor costs are product costs and are expensed when the manufactured product is
sold.
D) Indirect labor costs are product costs and are expensed as incurred.
Indirect labor costs refer to the wages and benefits paid to employees who are not directly involved in the manufacturing process but provide support services such as maintenance, cleaning, and supervision.
The correct accounting treatment for indirect labor costs is option A: Indirect labor costs are period costs and are expensed as incurred. This means that indirect labor costs are recognized as expenses in the period in which they are incurred and are reported on the income statement as part of the operating expenses.
Option B is incorrect because period costs, including indirect labor costs, are not deferred until the manufactured product is sold. Option C is also incorrect because indirect labor costs are not part of the product cost; rather, they are part of the period cost. Option D is incorrect because indirect labor costs are not directly associated with the production of the product and are therefore not considered a product cost. Indirect labor costs refer to the wages and benefits paid to employees who are not directly involved in the manufacturing process but provide support services such as maintenance, cleaning, and supervision.
It is important to properly classify and account for indirect labor costs as they can significantly impact a company's profitability and financial statements.
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Social security payments are an example of a(n) _______________. apportionment increment controllable expenditure entitlement
Social security payments are an example of an entitlement apportionment. Thus, option E is appropriate.
In the United States, the Social Security Administration's Old Age, Survivors, and Disability Insurance system is referred to as Social Security.
The safety net that society provides to people of all ages to ensure that they have access to health care as well as financial stability, particularly in situations of old age, is known as social security, unemployment, illness, invalidity, work injuries, maternity, or the death of a primary earner.
Social security benefits are offered to raise the standard of life, promote independence, and make up for lost earning capacity after retirement.
Thus, option E is correct.
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