To prepare a correct income statement for July 2022, we need to make adjustments for the errors and omissions mentioned:
Insurance expired during July of $329 was omitted:
Insurance Expense: $329
Net Income: -$329
Supplies expense includes $188 of supplies that are still on hand at July 31:
Adjust Supplies Expense: -$188
Adjust Ending Supplies: +$188
Depreciation on equipment of $141 was omitted:
Depreciation Expense: $141
Net Income: -$141
Unpaid wages at July 31 of $337 were not included:
Salaries and Wages Expense: $337
Net Income: -$337
Services performed but unrecorded totaled $658:
Service Revenue: +$658
Net Income: +$658
Adjusted Income Statement for July 2022:
Service Revenue: $5,170 + $658 = $5,828
Salaries and Wages Expense: $1,974 + $337 = $2,311
Supplies Expense: $846 - $188 = $658
Insurance Expense: $329
Depreciation Expense: $141
Net Income: $1,880 - $329 - $141 - $337 + $658 = $1,731
Therefore, the correct income statement for July 2022 is as follows:
Service Revenue: $5,828
Salaries and Wages Expense: $2,311
Supplies Expense: $658
Insurance Expense: $329
Depreciation Expense: $141
Net Income: $1,731
Learn more about omissions here
https://brainly.com/question/30296102
#SPJ11
What are the functions of money?
A. A measure of debt
B. A storehouse of value
C. A form of bartering
D. A unit of account
E. A medium of exchange
Answer:
E,C, and D, and B
Explanation:
The functions of money are- a measure of debt, a storehouse of value, a unit of account, and a medium of exchange. Thus all the options except C are the functions of money.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socio-economic context as payment for goods and services and repayment of debts, such as taxes.
Money serves as a medium of exchange, a unit of account, a store of value, and, in some cases, a standard of deferred payment. Money was historically an emerging market phenomenon with intrinsic commodity value.
Its value is derived as a result of social convention, having been declared legal tender by a government or regulatory entity; that is, it must be accepted as a form of payment within the borders of the country, for "all debts, public and private."
Therefore, options A, B,D, and E are the functions of money.
To learn more about money, click here:
https://brainly.com/question/14253896
#SPJ2
Complete the table below by deciding whether a precipitate forms when aqueous solutions A and B are mixed. If a precipitate will form, enter its empirica formula in the last column. Does a empirical formula of precipitate form when A and B are mixed? solution B solution A precipitate X yes no barium bromide sodium acetate no zinc bromide yes sodium hydroxide yes no potassium carbonate silver nitrate
In chemistry, the empirical formula of a chemical compound is the simplest whole number ratio of atoms present in a compound.
what is aqueous solution?
An aqueous solution is one in which the solvent is liquid water. That is, solute (dissolved) ions and molecules are surrounded by water molecules and incorporated into the network of bonds within the water. The dissolved species then spread throughout the water.An aqueous solution is water that contains one or more dissolved substance. The dissolved substances in an aqueous solution may be solids, gases, or other liquids.Aqueous is a term used to describe a system which involves water. The word aqueous is also applied to describe a solution or mixture in which water is the solvent. When a chemical species has been dissolved in water, this is denoted by writing (aq) after the chemical name.To learn more about empirical refers to:
https://brainly.com/question/29502004
#SPJ4
The Seven Steps to Move into a New Field
Answer:
what? I'll answer in comments if this is a mistyped question
Colleen Donnelly filed charges with the Equal Employment Opportunity Commission (EEOC) against her employer, Yellow Freight, for sex discrimination. After she filed the charges, Colleen received notice from the EEOC that she had 90 days to bring suit. This 90day period was a procedure for claims under the federal Civil Rights Act of 1964. Within that period Donnelly did indeed file suit but in an Illinois state court under an Illinois statute that also prohibits such discrimination. After the 90day period had expired, however, she tried to transfer the suit to a federal court. Yellow Freight defended claiming that she could not make such a transfer as the 90day period had expired for federal actions. Should she be allowed to go forward with her suit? Why or why not? (Donnelly v. Yellow Freight System, Inc., 874 F.2d
She should not be allowed to go forward with her suit because 90-day period for filing had expired when she attempted to transfer the suit to a federal court.
Should Donnelly be allowed to go forward with her suit?Donnelly ability to proceed with her lawsuit depends on the evidence presented, so, if she can provide sufficient evidence to support her claim that she was subjected to gender discrimination and harassment in the workplace, then, she should be allowed to proceed with her suit.
Burt, hHowever, Illinois state court could not hear federal claims, and therefore, she missed the deadline for bringing a suit in a federal court. She could only proceed with her suit under the Illinois statute. so, she should not be allowed to go forward with her suit.
Read more about Employment equality
brainly.com/question/30598285
#SPJ1
PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?
Explanation:
Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.
aMaZon is taking forever to ship my tablet. answer with problems you've had with aMaZon
Answer:
did you check the shipping date? Has it changed?
How much would Software C cost
you in the long run?
80% . $0
$[?]
Satisfaction
Not Satisfied
20%. $20,000
$5,000
Software C
Software D
$8,000
85% $0
Satisfaction
Not Satisfied
15%. $15,000
Answer: $8,000
Explanation:
If you're satisfied, the cost of software C is:
= 5,000 + 0
= $5,000
If you are not satisfied, the cost is:
= 5,000 + 20,000
= $25,000
You can then use the probabilities to calculate the expected total cost:
= (Probability of satisfied * Cost if satisfied) + (Probability of unsatisfied * Cost if unsatisfied)
= (80% * 5,000) + (20% * 20,000)
= $8,000
Brittany Lambert i a volunteer for the Brevard County Swim Club in Melbourne, Florida, and ha offered to compile data on the wim club employee and team. She need your help completing the workbook and analyzing the data. Switch to the All Employee workheet. In cell E3, enter a formula uing the HLOOKUP function a follow to determine an employee' potential pay rate, which i baed on their year of experience:
Copy the formula down column E to get the pay rate for each employee =HLOOKUP(D3,Experience_Rates,2,FALSE)
=HLOOKUP(D3,Experience_Rates,2,FALSE)
You can use VLOOKUP to perform a vertical data range search.
The HLOOKUP function searches through data that has been structured in rows rather than columns.
For business analytics in Excel, LOOKUP and similar functions are frequently used to slice and dice data for analysis.
The HLOOKUP function looks up a value in the first row of a given range and replaces it with a value from the same column in the specified row.
Using the syntax =HLOOKUP(lookup value, table array, row index number, [range lookup]),
To know more about HLOOKUP here
https://brainly.com/question/17650105
#SPJ4
Does anyone got an answer to this question?
1. Under what circumstances would an increase in a nation's average income not lead to an increase in the income of the typical, median household?
There is generally a direct correlation between income and demand for products and services; however, this relationship is not always present.
What do you mean by "products"?
A product is an item or service that you offer to meet a customer's need or desire. Real and virtual ones are both possible. Physical objects are classified into two types: nondurable products and durable items such as computers, furniture, and automobiles (like food and beverages).
Convenience goods, shopping goods, specialty products, and unsought goods are the four different sorts of products, and each is categorized according to consumer preferences, pricing, and product features. Byproducts include straw from grain harvesting operations, salt from desalination plants, sawdust from sawmills, and manure from feedlot operations.
Know more about services Visit:
https://brainly.com/question/30418810
#SPJ1
Are imports to Russia subject to VAT?
Answer:
yes
Explanation:
they pay 20 percent and is paid directly to Russia
Answer:
The Russian import VAT 20% has to be paid. The tax has to be paid directly to the Russian customs .The customs is one of the contributaries of development.In and out of goods may charged at the same VAT of 20%.
By Sk.
if the authorized sources do not provide sufficient guidance, you should:
If the authorized authority does not provide sufficient guidance, you should refer to other sources for the assistance that you need.
Other officials that you may need for assistance may be the security manager and the government contracting authority.
The two authorized methods that are used to communicate the classification decisions are the
Security classification guide Well marked source documentRead more on https://brainly.com/question/25769159?referrer=searchResults
Do you think a client’s wishes should trump ethics in the mind of an advertising professional? Why or why not?
Answer: They should not.
Explanation:
When it comes to the advertising industry, the wishes of the client are not of the highest priority, they are of the second highest priority.
The highest priority is to the industry and its integrity. If advertisers acted in an unethical manner, they would risk destroying the reputation of the advertising industry which would lead to a massive loss of trust in it that could severely impact it.
Regardless of how important a client might be therefore, their wishes should never trump the ethics required in the industry because these ethics maintain the integrity of the advertising profession.
If a firm has a cash cycle of 32 days and an operating cycle of 52 days, what is its payables turnover? a. 7.02 b. 18.25 c. 20.00 d. 11.41
The correct answer to the question is option B, 18.25.
To find out the payables turnover, we need to use the formula:
Payables turnover = Cost of Goods Sold / Average Accounts Payable
Now, to find out the Cost of Goods Sold (COGS), we can use the operating cycle formula:
Operating cycle = Inventory conversion period + Accounts receivable conversion period
Given that the cash cycle is 32 days and the operating cycle is 52 days, we can determine the inventory conversion period as:
Inventory conversion period = Operating cycle - Accounts receivable conversion period
Inventory conversion period = 52 - 32
Inventory conversion period = 20 days
Now, the COGS can be calculated as:
COGS = Average inventory / Inventory turnover ratio
COGS = (20/365) * (365/20)
COGS = 1
Next, we need to determine the average accounts payable. We can use the following formula:
Average accounts payable = (Beginning accounts payable + Ending accounts payable) / 2
As the beginning accounts payable are not given, we assume it to be zero. So, the formula becomes:
Average accounts payable = Ending accounts payable / 2
Now, to find out the payables turnover, we can use the formula mentioned above:
Payables turnover = COGS / Average accounts payable
Payables turnover = 1 / (Ending accounts payable / 2)
Given that the cash cycle is 32 days, we can calculate the accounts payable period as:
Accounts payable period = 365 - Cash conversion period
Accounts payable period = 365 - 32
Accounts payable period = 333 days
Hence, the ending accounts payable can be calculated as:
Ending accounts payable = (COGS / 365) * Accounts payable period
Ending accounts payable = (1 / 365) * 333
Ending accounts payable = 0.912
Finally, we can calculate the payables turnover as:
Payables turnover = 1 / (Ending accounts payable / 2)
Payables turnover = 1 / (0.912 / 2)
Payables turnover = 1.095
Payables turnover = 18.25 (rounded off to two decimal places)
Therefore, the correct answer to the question is option B, 18.25.
To know more about payables turnover visit :
https://brainly.com/question/28391472
#SPJ11
Which group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers?
A. U.S. Treasury agents
B. Board of Governors
C. Federal Reserve Banks
D. Federal Open Market Committee
The group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers is Federal Reserve Banks.
What is the Federal Reserve Banks?
Facilitating check collection and electronic funds transfers is one of the important functions of the Federal Reserve Banks, which are part of the Federal Reserve System. These banks act as intermediaries between financial institutions and help to clear checks and process electronic funds transfers.
This function is essential to the smooth functioning of the financial system and the economy as a whole. The other options listed - U.S. Treasury agents, Board of Governors, and Federal Open Market Committee - have different roles and responsibilities within the Federal Reserve System.
Learn more about Federal Reserve System at https://brainly.com/question/382312
#SPJ1
Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and what are you worried about????
Answer:
I'm in my lowest point tbh my family is stressed, mom and dad don't care about me, can't help me with school, and we are pretty much broke
I am exited about having a bf this year
When am I going to find peace in my life and when will my parents care about me again?
I am worried I will have to live on my own soon and I'm not ready yet ;(
Explanation:
this is gonna be weird but thank you for asking this question
I feel a bit better already :)
In your own words, how do you apply for scholarships
Which BCG matrix indicates that products with have high market share but low market growth?
The BCG matrix cell for products with high market share but low market growth is the "Cash Cow" quadrant.
The BCG matrix is a strategic management tool that helps analyze and categorize a company's product portfolio based on their market share and market growth rate. The "Cash Cow" quadrant represents products that have a high market share in a mature or slow-growth market. These products are considered cash cows because they generate consistent cash flows and profits for the company. They require less investment and can be used to support other products or business ventures. The focus in this quadrant is on maintaining market dominance and maximizing profitability rather than pursuing significant growth.
learn more about BCG matrix here:
https://brainly.com/question/30564628
#SPJ11
he weights of 20 cans of peach are randomly taken and measured every day from a canning process while it is in control. Based on the past 20 days sample data, the average of sample mean is 12.09 ounces, and the average of sample range is 0.7 ounces. Please help the quality control manager calculate the upper controllimit for x-bar chart. The A2 factor values are as follows. Sample size (n) 10 11 12 13 14 15 16 17 18 19 20 A2 0.31 0.29 0.27 0.25 0.24 0.22 0.21 0.20 0.19 0.19 0.18 Provide your answer with 3 decimal
To calculate the upper control limit for the x-bar chart, we first need to calculate the standard deviation of the sample means. The formula for the standard deviation of the sample means is:
σx-bar = σ / √n
Where σ is the standard deviation of the population, and n is the sample size. Since we don't have the population standard deviation, we will use the sample range to estimate it. The formula for estimating the population standard deviation from the sample range is:
σ = R / d2
Where R is the average range of the samples, and d2 is a factor that depends on the sample size. According to the table of A2 factor values given in the question, the value of d2 for a sample size of 20 is 0.18. Therefore:
σ = 0.7 / 0.18 = 3.889
Now we can calculate the standard deviation of the sample means:
σx-bar = 3.889 / √20 = 0.868
Finally, we can calculate the upper control limit for the x-bar chart using the formula:
UCL = x-bar + A2 * σx-bar
Where x-bar is the average of sample mean, and A2 is the factor value for a sample size of 20, which is 0.18. Therefore:
UCL = 12.09 + 0.18 * 0.868 = 12.235
The upper control limit for the x-bar chart is 12.235 ounces.
To know more about the upper control limit:
https://brainly.com/question/13861213
#SPJ11
How do you get cheap airline tickets?
Need help ASAP! A lot of points! Will give brainliest;) NO LINKS please, WILL REPORT
When crafting a promotional message, considering where the message is coming from is important. Which of the following factors is being addressed when you consider where the message is coming from?
A). Message
B). Media
C). Budget
D). Source
Answer:
I just took the test, and the answer is D. Source :)
Explanation:
Jesse got a job at a fitness center. He thought his first paycheck would be $200 for working 20 hours at $10 an hour. Instead, the paycheck was for $180. Which was most likely taken from his check?
A.) taxes
B.) interest
C.) profit
D.) dividends
Answer:
Taxes
Explanation:
The answer to the question is taxes.
Answer:
Hey there! It sounds like Jesse got a job at a fitness center and was expecting his first paycheck to be for $200, but it ended up being for $180 instead. That's a bummer!
Paychecks often have various deductions taken out, like taxes, insurance premiums, and retirement contributions. It's possible that some or all of these deductions were taken out of Jesse's paycheck, which is why it was for less than he expected.
Taxes are a common deduction from paychecks, so it's likely that some taxes were taken out. But don't worry, this is just part of the process of getting paid and is completely normal.
It's probably not interest, profit, or dividends, since those things are usually associated with investments or financial products, not employment.
OSHA Part 1926 Subpart K covers the safety and health regulations for which of the following?
O Personal protective equipment
O Electrical work
O Welding and cutting
O Toxic substances
Answer:
the answer is electrical work
Explanation:
um I just looked it up to be honest
Technology allows firms to listen to customers' wants, track their purchases, provide them with better service, and give them more access to information.
Answer:
This is true
Explanation:
With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.
Which of the following is not a negative effect of regional trade agreements?
A. political cooperation
B. employment shifts
C. trade diversion
D. loss of national sovereignty
E. cultural homogenization
The proper main answer statement is A. Political cooperation. Political cooperation is not considered a negative effect of regional trade agreements. Regional trade agreements are agreements between countries in a specific geographic region to reduce trade barriers and promote economic integration.
Regional trade agreements (RTAs) are agreements between two or more countries in a specific geographic region to promote economic integration and facilitate trade among the member countries. While regional trade agreements can have various effects, including both positive and negative, political cooperation is generally considered a positive effect of RTAs.
The negative effects of regional trade agreements can include employment shifts (B), trade diversion (C), loss of national sovereignty (D), and cultural homogenization (E). Employment shifts can occur when industries in certain countries are negatively impacted by increased competition from other member countries.
To know more about economic visit-
brainly.com/question/15228306
#SPJ11
Producers in the market economy are competing for customers, so they often have _________________________ than other types of economies.
more governmental regulation
less property ownership
less variety of product
lower prices
Answer:
lower prices
Explanation:
A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a pure market economy
• Private ownership of means of production
• freedom of choice. Producers are free to produce what they desire
• competition among producers
• no government intervention.
Due to the fact that producers compete with each other in this type of economy, prices would be lower to attract customers
.
Explain to NT the reasons why NGO's and CBO'S form part of the market
environment.
Answer:
Explanation:
As a result, NGOs can interface easier with the sector and generally have more access to information and resources, while CBOs are formed by people as a way of responding to the needs and challenges facing their communities. However, in some instances it is the CBOs that do the work the NGOs receive funding for
The reason for NGO and CBOS for part of the market environment should be explained below.
Reasons:Since NGOs could interface easier along with the sector and normally have more access to information and resources, while on the othe rhand CBOs are created by people this represent responding to the needs and challenges that are faced by the communities. But, in some situations, it is the CBOs that do the work the NGOs collecting the funding.
Learn more about market here: https://brainly.com/question/17160614
How can a company hide 2000$ of debts in a double entry journal accounting….. using debits and credits
which is the smallest number that can be divided by 15 16 and 21 leaving a reminder of 3
The smallest number will of course be seven; however, you most likely meant the smallest number other than seven.
To meet the criteria stated, n-7 must be a multiple of 15, 21, and 18. Since 0 is a multiple of all numbers, 7 works for this, but to find the second-smallest, we will have to find the smallest number (othed than 0) that is a multiple of all three, the LCM.
We start with the prime factorization of each numbers
15=3×5
21=3×7
18=2×3×3
We now multiply the prime factors together, but factors that multiple numbers have in common ard only counted once. Therefore, the LCM is 2×3×3×5×7. Not that we still multiply by 3 twice because the number 18 has three as a factor twice. However, we don't count it a third our fourth time even though it is a factor of the other numbers. 2×3×3×5×7=630, so 630 is the LCM of 15, 21, and 18. Therefore 637 will have a reminder of 7 when divided by either of them.
Jose is an up and coming entrepreneur working on solidifying his business plans. After meeting with his mentor, he learns that he needs to carefully define his prospective business by creating a concise vision/mission statement that identifies the direction and objectives of his business. Why is this important for Jose to do
Answer:
This is important for Jose because as a business owner you want to know what type of business you are running
Explanation:
hope this helps :D
Creating a concise vision/mission statement that identifies the direction and objectives of his business is important for Joe as it helps identify the organization's goals and gives employees a sense of ownership and association.
What is a Business plan?In-depth descriptions of a company's goals and methods for achieving them are included in a business plan. A business plan outlines to gain some insights into the company's operations, finances, and marketing.
A mission statement summarises how a business is doing exactly present. It is focused on achieving the key objectives that will assist the organization to achieve its future goals and is short-term in nature.
A strategic vision is used to represent the organization's desired outcome, or what it aims to become. It informs the workforce of the company's objectives and gives them the motivation to fulfill them.
Learn more about the business plan, here:
https://brainly.com/question/15826679
#SPJ2
The chart shows a production possibilities schedule for
Sabrina's Soccer
of goods the
The schedule shows the
business can produce.
Production Possibilities for Sabrina's Soccer.
O combination
O prices
O value
Answer:
Combination
Explanation:
Edge, 2021
Production Possibilities for Sabrina's Soccer are a combination. Thus option A is correct.
What is the production possibilities schedule?A production possibilities schedule demonstrates the fundamental economic fact of opportunity cost, which states that the industry must forgo producing one product in order to produce another. The incredibly helpful production possibilities curve is likewise derived from a production possibilities schedule.
Manufacturing at point X suggests that the nation is not earning enough relative to the possibilities of its abilities, which indicates that its reserves is not utilized effectively. Point Y, on the contrary hand, stands for an impossibly high flow rate, as we said earlier.
Therefore, option A is the correct option.
Learn more about the production possibilities schedule, Here:
https://brainly.com/question/28499073
#SPJ5
The question is incomplete, the complete question will be :
The chart shows a production possibilities schedule for Sabrina’s Soccer.
Combination: Soccer balls: Soccer nets:
A 10 0
B 8 1
C 6 2
D 4 3
E 2 4
F 0 5