you purchased inventory from your vendor and paid cash. the accounts affected are the inventory account and the cash account. in your journal entry, which account would you debit?
Answers
In the given scenario, when you purchase inventory from your vendor and pay cash, you would typically debit the Inventory account.
Debiting the Inventory account represents an increase in the inventory asset, reflecting the fact that you have acquired inventory from your vendor. This entry records the cost of the inventory purchased and adds it to your inventory balance.
On the other hand, the Cash account would be credited. Crediting the Cash account reflects a decrease in cash as you make a payment to the vendor. This entry reduces your cash balance by the amount paid for the inventory.
The journal entry for the purchase of inventory with cash would look like this:
Debit: Inventory
Credit: Cash
It's important to note that the specific accounts used may vary depending on the chart of accounts or accounting system used by your business. It's always a good practice to consult with your accountant or follow the specific guidelines provided by your organization for recording transactions.
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The information here is the same for answering questions 51 to 54. A medical treatment (A) is given to COVID patients admitted to a local hospital. Fortunately, 30% of patients will fully recover and can be released from hospitals. The remaining 70% patients will need to go through a second treatment (either C, 50% or D, 20%) before they will fully recover and can be released. Assume 100 patients per day are being admitted to the hospital for medical treatments. Capacity utilization for resource treating patients from A to D is calculated using 2,000 hospital beds designated for COVID treatment. The process diagram is given here for reference. 30% с 8 days 50% A Admitted 7 days Released 2 days 20% D 10 days Which one is the bottleneck of the entire process? с B No bottleneck in this process because all resource utilization rates are less than 100% A Which one is the bottleneck of the entire process? с B No bottleneck in this process because all resource utilization rates are less than 100% A
Answers
The bottleneck in a process refers to the step or resource that limits the overall capacity or flow of the process.
In this case, the bottleneck can be identified by determining which step or resource has the highest utilization rate.
Based on the given information, the process diagram shows that 30% of patients undergo treatment C, 50% undergo treatment A, and 20% undergo treatment D. The utilization rates for each treatment are as follows:
Treatment C: 30% utilization (30 patients out of 100)
Treatment A: 50% utilization (50 patients out of 100)
Treatment D: 20% utilization (20 patients out of 100)
Comparing the utilization rates, we can see that treatment A has the highest utilization rate at 50%. This indicates that treatment A is the bottleneck of the entire process. It is the step that limits the overall capacity of the process because it is being utilized at the highest rate among the available resources.
Therefore, the correct answer is: A. Treatment A
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Marla always strives to excel in her career. Several years ago, she finished College, finally achieving a Ph.D. Although she works as an educator and has a secure position at an urban college, she does not hold a faculty position at a prestigious university. It is obvious to her colleagues that Marla is unsatisfied with her position at work. She constantly gives coworkers subtle reminders of her superior academic credentials and only participates in work activities where she will assume a leadership role. Analyzing Marla's situation using Maslow's hierarchy of needs, which of the following needs are unmet?
A. self-actualization needs
B. esteem needs
C. social needs
D. physiological needs
Answers
Answer:
B. esteem needs
Explanation:
Human behavior is driven by needs, one of which is a need for a sense of personal importance, value, or self-esteem.Esteem should include confidence, strength, self-confidence, personal and social acceptance and respect from others. These requirements are indicated as one of the key stages of achieving satisfaction or self-interviewing. While respect is an intrinsic quality, we are influenced by external factors, such as recognition and approval from our peers. There are many different examples of designers tapping into our respected needs, many of which we can find on social media sites.Does the democratic political process provide politicians with a strong incentive to spend tax funds?
Answers
Answer:
Yes
Explanation:
The democratic political process provides politicians with a strong incentive to spend tax funds and also control/monitor the rising of Government debts .
One way politicians can judiciously exercise this right is by having a review of existing plans and selecting only plans that would produce the best results to spend the tax funds on .
To control/monitor rising Government debts the government can either issue Bonds that they can as well buy back or keep interest rate low
Lito is working with a discount broker.Which service would Lito not be likely to receive?
Answers
Answer: face to face consultations
Deciding to do the right or wrong thing is based on making what type of decision?
ethical
business ethics
unethical
a code
Answers
Answer:
ethical
Explanation:
When an employee is terminated, IS administrators should receive advance notice so that they can ________.
Answers
When the employee is terminated the IS administrators should receive advance notice so that they can remove the user account and password.
By terminated, this means that this employee has ceased to be a worker of the organization. As a person that no longer works there, it would be of no use for them to still have access to company facility.
If the user account and the password is not removed, this employee would be able to find his way into the database of the company. He would still have a hold on confidential information.
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A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?
Answers
Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
Why can communicating with someone with a different background than yours present challenges?
Answers
Explain the impact of strikes as a socio-economic issue on businesses.
Answers
Employment relationships between both parties could become strained and this could affect teamwork and profitability. Businesses suffer production and financial losses and consumer confidence is adversely affected.
Which of these are benefits of a job as the term is used in this lesson? (1
O a high hourly wage
O an office in a great neighborhood
O working for a good cause
O a 401(k) plan
Answers
Answer:
high Hourly wage
Explanation:
Answer:
D. a 401(k) plan
Explanation:
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
The theory of comparative advantage states that: O Productivity rises more quickly when countries produce goods and services for which they have a natural talent. O All countries start out on an equal playing field. O Productivity decreases when countries produce goods and services based on their natural resources. Countries that operate under a policy of isolationism have a comparative advantage The term "race to the bottom" refers to: O Seeking to mine valuable minerals from the bottom of the ocean. O Moving production jobs to the country with the lowest labor cost. Efforts to deconstruct the assembly process in manufacturing industries. An old concept of globalization that is no longer relevant People's ethical beliefs come from: O Legislative action and judicial decisions. Their religious background, family, and education. The organization's code of ethics. O Reading the company's profit and loss statements. Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence: Increased Unaffected. O Reduced. Decided by the company.
Answers
The theory of comparative advantage states that Productivity rises more quickly when countries produce goods and services for which they have a natural talent.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities. According to the theory of comparative advantage, nations will trade with one another and export the items in which they are relatively more competitive. A country's labour force and natural resources may be exploited if one solely considers its comparative advantages.
Absolute advantage refers to a nation's undeniable ability to produce a certain good more effectively.
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Chenglei, an IT manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Chenglei is utilizingA) job evaluationB) management science.C) behaviorism.D) the Hawthorne effect.E) scientific management
Answers
Answer: scientific management
Explanation:
Regulators require a bank to hold some of its assets as reserves mainly to address:
a. liquidity risk.
b. trading risk.
c. credit risk.
d. operational risk.
Answers
Liquidity risk: Regulators require a bank to hold some of its assets as reserves in order to ensure that the bank has sufficient liquid assets to meet its financial obligations if a large number of customers come demanding their money at once. This helps to mitigate the risk of the bank running out of funds and not being able to meet its obligations.
What is financial?Financial management is the process of managing money and other financial resources in order to achieve personal and organizational goals. It can involve budgeting, accounting, investing, forecasting, and protecting assets. Financial management includes making decisions related to the acquisition, investment, and distribution of resources in order to maximize their potential return.
Therefore the correct answer is A.
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How much of the market did Vanderbilt control?
Answers
Since Vanderbilt started to issue shares to take over the company, a Us stock market has already been experiencing a trading frenzy.
How can you predict the future value of a stock?From of the current market prices, we are interested in knowing whether a stock will increase or decrease. Stock's fair price is the most accurate predictor of this. Stocks have a good chance of increasing in value in the future when their fair price is lower than their current price.
Why are stocks declining in value?The worldwide markets have recently fared nicely, but our markets have lagged behind our global peers since they have not experienced this trend. The selling by FIIs, who liquidated stocks in both the cash and index futures segments, has been the primary cause of the underperformance.
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assume revamp scamp’s accountant calculate the predetermined overhead rate to be $90 per direct labor hour. what was revamp scamp’s cost of goods sold for january 2018?
Answers
The cost of goods sold for January 2018 for Revamp Scamp can be calculated by multiplying the predetermined overhead rate of $90 per direct labor hour by the total direct labor hours worked during that period.
To calculate the cost of goods sold for January 2018, we need to know the total direct labor hours worked during that period. Once we have that information, we can multiply it by the predetermined overhead rate of $90 per direct labor hour to determine the overhead cost.
The cost of goods sold includes direct materials, direct labor, and overhead costs. Since the prompt provides only the predetermined overhead rate, we assume that the direct materials and direct labor costs are not given or are already included in the overhead rate.
By multiplying the predetermined overhead rate by the total direct labor hours worked in January 2018, we can calculate the overhead cost component of the cost of goods sold. However, without additional information, we cannot provide an exact value for Revamp Scamp's cost of goods sold for January 2018.
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In video case study about using powerbi in rwanda, the production of what agricultural product benefited from greater transparency in the value chain between the 200,000 famers and 160 collection points for their product?.
Answers
Milk, A sustainable supply chain must include transparent production as a key component.
What is transparency in value chain?
Having a transparent supply chain means that businesses can tell internal and external stakeholders, including customers, where and how their products are made based on trustworthy data.
Visibility: Accurately recognizing and gathering information from every supply chain connection. Disclosure: Sharing the information with the appropriate level of detail, both internally and externally.
A sustainable supply chain must include transparent production as a key component. This requires entrepreneurs to be transparent about their product sourcing, detailing the precise processes taken in the supply chain to ensure that their items get at the doorstep of their customers.
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Everywhere Sports is a retail store supplying sporting equipment to community sports clubs. Information about the store’s operations is as follows:
■ October sales amounted to $400 000.
■ Sales are budgeted at $440 000 for November and $400 000 for December.
■ Receipts are expected to be 60 per cent in the month of sale and 38 per cent in the month following the sale. Two per cent of sales receipts are expected to be uncollectable.
■ Cost of sale is 60% of the sale price. All goods are purchased in the month of sale while payment is made in the month following the purchase.
■ Other monthly expenses paid in cash amount to $45 200.
■ Annual depreciation expense is $32 000.
Answers
By understanding these aspects of Everywhere Sports' operations, the company can assess its sales, cash flow, and profitability. These details are important for financial planning, budgeting, and decision-making processes to ensure the store's financial stability and success.
Based on the given information about Everywhere Sports' operations, we can explain the following:
Sales and Receipts:
In October, the sales amounted to $400,000.
For November, the budgeted sales are $440,000, and for December, the budgeted sales are $400,000.
Receipts are expected to be 60% in the month of sale, which means that 60% of the sales revenue is expected to be received in the same month the sales occur.
Additionally, 38% of the sales revenue is expected to be received in the month following the sale.
It is also mentioned that 2% of the sales receipts are expected to be uncollectible.
Cost of Sale:
The cost of sale is stated to be 60% of the sale price. This means that 60% of the sales revenue is attributed to the cost of acquiring the goods sold.
According to the information provided, all goods are purchased in the month of sale while payment is made in the month following the purchase.
Other Monthly Expenses:
There are other monthly expenses paid in cash, which amount to $45,200. These expenses are likely to include various operating costs such as rent, utilities, salaries, and other expenses necessary for the store's operations.
Annual Depreciation Expense:
Everywhere Sports incurs an annual depreciation expense of $32,000. Depreciation represents the allocation of the cost of the store's long-term assets over their useful lives. This expense reflects the wear and tear or obsolescence of the store's assets, such as equipment, fixtures, or buildings, over time.
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active/passive she is watering the plants
Answers
Answer:
active
Explanation:
she "is" means she is currently watering the plants. if it was passive it would have been like this, "she watered the plants".
What's the equation for the amount of bank debt / senior notes?
Answers
The equation for the amount of bank debt or senior notes is:
Bank debt / Senior notes = Total project cost - Total equity - Mezzanine debt
Bank debt refers to the money borrowed by a borrower from a bank or a financial institution, typically for a specific purpose such as financing a real estate project or expanding a business. In the context of real estate, bank debt is often secured by the property itself, and the borrower is required to make regular payments of principal and interest until the loan is fully repaid.
The amount of bank debt that can be borrowed depends on a number of factors, including the borrower's creditworthiness, the value of the collateral (i.e., the property being financed), and the lender's underwriting criteria. Bank debt is typically repaid over a period of several years, and the terms of the loan (such as the interest rate, payment schedule, and prepayment penalties) are negotiated between the borrower and the lender before the loan is approved.
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Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff". Billy works pretty hard at landscaping jobs. He's only in the 8th grade, but has goals to get a car, go to college and buy a big house. What advise do you have for him?
Answers
Answer: See explanation
Explanation:
Based on the information given in the question, the advise for Billy is that he should save his money rather than purchasing things that are useless.
He has goals to get a car, go to college and buy a big house but he's rather spending on useless stuff. This will make his goals harder to achieve but saving the money for future purpose is essential to achieve his dreams and meet other demands.
Tony's sign shop needs a new
machine to create the best signs
on the market. He has paid off all
his financial obligations and has
made a $10,000 profit. What
strategy will he use?
A. short-term loan
B. common stock
C. retained earnings
Answers
C. retained earnings.
Retained earnings are the portion of a company's profits that are kept and reinvested back into the business instead of being distributed to shareholders as dividends. Since Tony has already paid off all his financial obligations and made a profit of $10,000, he can use this profit to reinvest in his business and purchase the new machine.
This strategy will not require Tony to take on any new debt or issue additional shares of stock, which would dilute his ownership in the business.
Therefore, retaining his earnings to purchase the new machine is the most feasible and efficient strategy for Tony in this scenario.
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Which job in the Finance career cluster is ideal for a person with a master’s degree?
A. Bank Teller
B. Controller
C. New Accounts Clerk
D. Loan Officer
Answers
Answer:
i put d
Explanation:
Answer:
ddddddddddddddddddddddddddddddddddddddddddd
Explanation:
Factors that will affect a person's real wages
Answers
Answer:
The growth in the business and the amount of work given to the person and also the number of hours he/she works
MOTIVATION TIME
Success doesn’t just find you. You have to go out and get it.
Answers
Answer:
thnak u that made my day
Explanation:
Question 5 of 10
Which of the following is included in a business case?
A. Hiring plans
B. Action plans
C. Scenario planning
D. Cost benefit analysis
Answers
Answer:
B
Explanation:
I just took the quiz.
Brink presents an alternative approach to estimate VaR for Fund Y. Fund Y has assets of USD 213 million. Brink's Historical VaR analysis indicates that Fund Y's average monthly return over the past 10 years is 1.16% with a monthly standard deviation of 2.51%. The 10 worst monthly returns during that period are shown in the Table 1 Table 1: Ten Worst Monthly Returns for Fund Y over the Past 10 Years Jul 2008 Aug Sep Sep Sep Dec Jun 2009 Oct Jun 2011 Aug 2008 2009 2011 2013 2008 2013 111.56% -10.87% -9.53% 8.47% 7.24% 6.92% 5.37% 4.71% -3.98% -2.72% 2008 13. Calculate the 5% monthly VaR (in %) for Fund Y using the analytical method. (2 Marks) a. -3.21% b. -2.98% c. -2.54% d. -4.68% 14. Calculate the 5% monthly VaR (in USD) for Fund Y using the analytical method. (2 Marks) a. -6.35 million b. -9.99 million c. -14.74 million d. -15.42 million 15. Calculate the 5% monthly VaR (in %) for Fund Y using the historical method. (2 Marks) a. -8.47% b. -7.24% c. -6.92% d. -5.37% 16. Calculate the 5% monthly VaR (in USD) for Fund Y using the historical method. Marks) a. -18.04 million b.-15.42 million c.-14.74 million d. -11.44 million
Answers
The borrower's payment for February 2007 was 30 credit limit days overdue. In February 2007, the borrower is 30 days late with the credit payments; otherwise, they are made on time. Paying for whatever you've bought with your credit card.
We also accept credit cards for mail-in or online orders. It's possible that your supplier will find themselves "in credit" with you if you pay your energy bill via direct debit, which means that they owe you money.
When using a Visa card to make a transaction, the user consents to repay the bank later; hence, the card is considered a form of credit. Credit can be given in cash or in other ways.
A unique The weight of chocolate chips in an 18-ounce package falls in the 27th percentile. Ahoy! chip cookies contain 190 chocolate chips.The middle 97% of X are found between the 1.5th percentile and the 98.5th percentile.
The "NORM.S.INV" function in Excel allows us to
The associated z-score for the 1.5th percentile is -2.17.
The z-score that represents the 98.5th percentile is 2.17. The X value for the 1.5th percentile is therefore X=p+zoX = 1262 + (-2.17 x 118)X 1006
And X=u+ zoX = 1262 + (2.17 x 118)X 1518 is the result that corresponds to the 98.5th percentile. The 1006 to 1518 chocolate chips that make up the middle 97% of a bag of chips Ahoy! constitute the bag's total chocolate chip content.
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A medium-term goal takes _____ to accomplish. a. 1-2 months b. 1-2 years c. 1-5 years d. 5-10 years Please select the best answer from the choices provided A B C D
Answers
Answer:
C
Explanation:
For the accomplishment of a medium-term goal, it takes a time period of almost 1-5 years. Hence, Option C is correct.
What is a medium-term goal?An individual or a group of people set certain goals in life. These goals can be of any type like short-term, medium-term, or long-term. All these time periods depend upon the type of task that is set under the achievement sector. As per the names, it can be understood that it also has a different time duration. For the short term, it can be either a day, a week, or a month or it can be a year.
In the context of the medium-term, the time period can be of one year to five years and for the achievement of a long-term goal, it is more than five years. For instance, if a person wants to get a graduation degree, then they have to pursue the course for a time period of three to four years, for paying a car loan or an education loan, one has to set a medium-term goal.
Thus, Option C is correct.
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Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.
Answers
Answer:
A.
Explanation:
4. What type of promotions do you think are most effective in the sports and
entertainment marketing industry?
Answers
Answer:
Publicity is the most effective way because consumers can see products in a specific way. ... A: Personal selling is more effective because it makes the customer want to come back and buy more products.