The debit is Accounts Receivable is 4000, Credit: Sales Revenue is 3920, and Credit: Service Fee Revenue is 80.
What is Advanced learning?Advanced Learning would record the entry, assuming the card processor assesses a 3% fee and deposits the net amount, as follows: Advanced Learning would debit Cash for $3,880 ($4,000 less 3% credit card fee of $120) and would credit Sales for $4,000.Credit card transactions allow consumers to buy goods without having cash or checks on hand.
Advanced Learning uses the net method for handling sales transactions with credit cards. It is important to note that the net method only records the net amount received from the credit card company. It is computed by subtracting the credit card fee from the gross sale amount.
Inventory refers to the physical goods a company keeps on hand to sell to its customers. It can also include items that are not yet finished products, such as parts or raw materials. Credit card fees can vary depending on the credit card issuer and the type of card. In the case of Advanced Learning, the card processor assesses a 3% fee.
Learn more about Advanced learning here:
https://brainly.com/question/681826
#SPJ11
________ is one of the most widely used measures of economic growth. Question 16 options: 1) Return on investment 2) Break-even point 3) Gross domestic product 4) Six Sigma 5) Stock market index
Gross domestic product is one of the most widely used measures of economic growth. Thus, the correct option is 3).
Gross domestic product (GDP) refers to the total value of goods and services that are produced in a country over a given period, usually a year or a quarter.
It is the monetary value of all the final goods and services that are produced within the geographical boundaries of a country.
GDP is used to measure the size and growth of a nation's economy. The higher the GDP, the more prosperous the country is.
There are three different methods of calculating GDP. They are:
Expenditure methodIncome methodProduction methodThe most widely used approach is the expenditure method. It is calculated as the sum of the total consumption, investment, government expenditure, and net exports (exports minus imports) of a country.
GDP = C + I + G + (X-M)
C is consumption is Investment
G is Government Expenditure
X is ExportsM is Imports
Learn more about GDP here:
https://brainly.com/question/1383956
#SPJ11
Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are listed below. Alternative X Alternative Y Materials costs $ 41,000 $ 59,000 Processing costs $ 45,000 $ 45,000 Equipment rental $ 17,000 $ 17,000 Occupancy costs $ 16,000 $ 24,000 What is the financial advantage (disadvantage) of Alternative Y over Alternative X?
Multiple Choice
$132,000
$26,000
$145,000
$119,000
There is no one correct answer to the question asked, so it is necessary to provide all of the necessary information. Given the two choices, code-named X and Y, the costs are as follows:
Alternative X Alternative Y
Materials cost $ 41,000 $ 59,000
Processing costs $ 45,000 $ 45,000
Equipment rental $ 17,000 $ 17,000
Occupancy costs $ 16,000 and $ 24,000
The financial advantage (or disadvantage) of Alternative Y over Alternative X may be calculated by subtracting the costs of Alternative X from the costs of Alternative Y.
This provides total cost savings (or cost increase) associated with Alternative Y over Alternative X.
Y costs $145,000, whereas X costs $102,000 ($41,000 + $45,000 + $17,000 + $16,000).
As a result, subtracting X from Y yields: $145,000 - $102,000 = $43,000.
Therefore, the financial advantage of Alternative Y over Alternative X is $43,000. Answer: $43,000.
To learn more about “ financial advantage” refer to the https://brainly.com/question/28817767
#SPJ11
cara received a free shampoo packet in the mail with a coupon last week. when cara next went to the store, she took the shampoo coupon and used it to purchase this new hair product. while at the store, cara also bought a particular brand of toothpaste because the tube came with a free toothbrush. cara is taking advantage of
Cara is taking advantage of promotions and discounts offered by retailers. She received a free shampoo packet with a coupon in the mail, which she used to purchase the shampoo when she next went to the store.
She also took advantage of the free toothbrush that came with the tube of toothpaste and thus saved money on the purchase.
Cara is taking advantage of a promotional deal while shopping. Cara is taking advantage of a while shopping promotional deal.
This is because she received a free shampoo packet in the mail with a coupon last week and decided to use the shampoo coupon to purchase a new hair product at the store.
It is safe to say that she is taking advantage of the promotion deals that are being offered in the store. Cara received a free shampoo packet in the mail with a coupon last week.
When she went to the store, she used the shampoo coupon to buy a new hair product.
She bought a particular brand of toothpaste because the tube came with a free toothbrush. Thus, it can be concluded that she is taking advantage of the promotional deals while shopping.
Learn more about promotions and discounts here:
https://brainly.com/question/29823783
#SPJ11
Brooms Advertising purchases photography services from an external provider. When billing clients, Brooms adds a markup of 18 percent of costs to its initial costs. This is an example of the ______ method of compensation.
The method of compensation being used in this example is mark-up. Mark-up is a pricing method in which a mark-up percentage is added to production costs to determine the final selling price.
Mark-up is a method commonly used in many business sectors, especially where production costs are difficult to determine accurately or vary significantly from project to project. By using mark-up, companies can establish stable and predictable selling prices, allowing them to plan and budget more effectively.
In summary, Brooms Advertising is using the mark-up compensation method by adding an 18% mark-up to its initial costs when billing its clients for photography services. By using this method, the company is able to set predictable selling prices and budget more effectively.
Lear More About Production costs
https://brainly.com/question/14699408
#SPJ11
classify each event either as shifting the aggregate demand curve or as causing movement along the curve.People notice prices going up and their purchasing wer going down as a result As inflation drops to nearly zero, people save more and therefore more loanable funds are available State governments cut their budgets for infrastructure maintenance. Technological advances generate wealth in a broad range of industries.
Classification of events as Shifting the Aggregate Demand Curve or Causing Movement along the Curve: a. = shifting the aggregate demand curve; b. = causing movement along the demand curve.
The aggregate demand/aggregate supply model depicts what factors influence total supply or total demand in the economy, as well as how total demand and total supply interact at the macroeconomic level.
As aggregate demand components—consumption spending, investment spending, government spending, and spending on exports minus imports—increase, the aggregate demand curve, or AD curve, shifts to the right. As these components fall, the AD curve will shift back to the left.
AD components can change as a result of various personal choices, such as those resulting from consumer or business confidence, or policy choices, such as changes in government spending and taxes.
To know more about aggregate demand curve:
https://brainly.com/question/22847895
#SPJ4
Correct question:
Classify each event either as shifting the aggregate demand curve or as causing movement along the curve.
a. As inflation drops to nearly zero, people save more and therefore more loanable funds are available.
b. Technological advances generate wealth in a broad range of industries.
a firm currently produces 200 units at a price of $25. if it earns $1,500 profit, what must the average cost be?
The average cost of producing 200 units at a price of $25 would be $7.50. This is calculated by taking the total profit ($1,500) and dividing it by the number of units produced (200).
This means that for each unit the firm produces, it must pay an average cost of $7.50 in order to realize a profit of $1,500. To understand this better, let's look at an example.
If the firm produces 100 units at a cost of $7.50, it would have total costs of $750, and a profit of $750. If it then produces another 100 units at a cost of $7.50, it would have total costs of $1,500 and a profit of $1,500.
In other words, by producing 200 units at an average cost of $7.50, the firm will earn a total profit of $1,500. This means that the firm must pay an average cost of $7.50 per unit in order to realize a profit of $1,500.
Know more about total profit here:
https://brainly.com/question/21446500
#SPJ11
an entrepreneur is a person who_____ a business venture. does not get involved in organizes organizes, operates, and assumes the risk for gives money to start
An entrepreneur is a person who organizes, operates, and assumes risk for a business venture. They use the money to start and develop the venture and are ultimately responsible for its success or failure.
An entrepreneur is a person who organizes, operates, and assumes risk for a business venture.An entrepreneur is an individual who establishes and operates a business. They are the driving force behind creating and managing businesses. Entrepreneurs may start a company with a new or innovative concept, or they may introduce a new way to accomplish a familiar task. Entrepreneurs play an important role in society by creating jobs, stimulating economic growth, and promoting innovation.Entrepreneurs organize, operate, and assume the risk of a business venture. They are people who take calculated risks and invest their money and time into a business, with the aim of making a profit. They are responsible for creating a plan of action, setting up the framework, and directing the operation of the business. They also establish goals and objectives, determine which projects to pursue, and manage all aspects of the company.Learn more about entrepreneurs: https://brainly.com/question/353543
#SPJ11
During the product development stage of the new product development process, firms often ask consumers for their reactions to a ______, which consists of rough visual models or verbal descriptions of the product. Firms may also show consumers a ______, which is a mock-up of the product generally made from the same materials that will be used to make the final product.
During the product development stage of the new product development process, firms often ask consumers for their reactions to a prototype, which consists of rough visual models or verbal descriptions of the product. Firms may also show consumers a prototype, which is a mock-up of the product generally made from the same materials that will be used to make the final product.
The product development process is an important part of a company’s plan for success. Every company that wishes to remain competitive must keep developing new products. This is accomplished through a product development process. Companies that rely on the product development process must follow some basic principles. The new product development process involves several steps.
The first step in the new product development process is idea generation. In this phase, companies must come up with ideas for new products or enhancements to existing products.
The second step is screening, in which the ideas generated are evaluated to see whether they are worthy of further consideration.
After that, the third step is concept development and testing. Here, the concepts and ideas are tested to see whether they are feasible.
The fourth stage is business analysis, which is a more detailed analysis of the concepts and ideas that have made it through the previous stages.
The fifth step is product development, which is where the final design of the product is made. Lastly, the sixth step is market testing, in which the product is tested on a small group of people to see if it will be successful in the market.
Learn more about product development process here: https://brainly.com/question/15019597
#SPJ11
true or false if all other factors are constant, any decrease in fixed costs will decrease the breakeven point.
True. All other factors being constant, any decrease in fixed costs will decrease the breakeven point.
Fixed costs are those costs that remain unchanged regardless of the level of production or sales, such as rent, insurance, and taxes. When fixed costs decrease, total cost decreases, resulting in a decrease in the breakeven point.
The breakeven point is the point at which total revenue equals total cost, i.e. the point at which a company neither makes a profit nor incurs a loss. Therefore, for a company to achieve a breakeven point, it must sell enough goods or services to cover all of its costs.
For example, if a company has a fixed cost of $2,000 and variable costs of $10 per unit, its total cost would be $2,000 + (10 x number of units). If the selling price per unit is $20, the breakeven point can be calculated as follows:
$2,000/($20 - $10) = 100 units
Therefore, the company must sell 100 units in order to break even. If the fixed costs were to decrease, say, to $1,000, then the new breakeven point would be:
$1,000/($20 - $10) = 50 units
Therefore, the company must sell 50 units in order to break even. In conclusion, any decrease in fixed costs will decrease the breakeven point, assuming that all other factors are constant.
For more such questions on costs
https://brainly.com/question/28147009
#SPJ11
Given the following list, if ListTraverse ReverseRecursive(node) were called directly on node Chips, the nodes visited would be menu head: tail: data: Pizza next: data: Chips next: data: Tea next: null O Only Tea O Tea, Chips, and Pizza O Chips and Pizza O Tea and Chips
Explanation:
[tex]55156xyy2332 \times \frac{?}{?} 3955 \sqrt[?]{ \\ \\} [/tex]Peter offers to pay Quik Delivery (QD) $50 if it picks up and delivers to him a package from Rica within 30 minutes. QD can accept the offer only by meeting the deadline. If QD performs as directed, these parties will have: 1. a bilateral contract
2. a trilateral contract
3. a unilateral contract
4. no contract
Peter offers to pay Quik Delivery (QD) $50 if it picks up and delivers to him a package from Rica within 30 minutes. QD can accept the offer only by meeting the deadline. If QD performs as directed, these parties will have a unilateral contract. Option C is the correct answer.
A unilateral contract is a contract in which only one party is bound to perform or perform the required act. In the event of an agreement or acceptance, one of the parties makes a promise that he will perform the terms and conditions of the contract, given that the other party accepts the terms and conditions. A unilateral contract is formed in which the offeror requires the offeree to undertake an act or performance as a method of acceptance. QD can accept Peter's offer by delivering the package from Rica to Peter within 30 minutes.
By accepting this offer, QD becomes bound to deliver the package within the agreed-upon timeframe. If QD performs as directed, these parties will have a unilateral contract. So, the option C is the correct answer.
You can learn more about unilateral contract at
https://brainly.com/question/31135099
#SPJ11
True r False, a plantwide predetermined overhead rate based on direct labor-hours results in low overhead costs for products with a high direct labor-hour content and high overhead costs for products with a low direct labor-hour content.
The given statement is true, that is, a plantwide predetermined overhead rate based on direct labor-hours results in low overhead costs for products with a high direct labor-hour content and high overhead costs for products with a low direct labor-hour content.
The pre-determined overhead rate is an approach used to estimate overhead expenses for a given period. It is a rate used to determine the overall overhead expenses that will be incurred during production. It is used in the manufacturing industry and is dependent on the hours of labor it takes to complete a job. A plant-wide predetermined overhead rate depends on a single rate that applies to all overhead expenses that result from the production of goods or services, rather than various types of overhead expenses. Overhead costs are expenses incurred in the production of goods or services that are not directly related to labor or materials.
Overhead costs include rent, utilities, and taxes that must be paid, regardless of the volume of goods manufactured. overhead costs are generally related to labor and materials, so a plant-wide predetermined overhead rate based on direct labor-hours is used to compute the overhead costs. The overhead costs are then added to the total labor and materials costs to obtain the total cost of production. As a result, products with a high direct labor-hour content will have lower overhead costs than products with a low direct labor-hour content.
Hence, the given statement is true.
learn more about "Overhead costs"; https://brainly.com/question/14602131
#SPJ11
which of the following components make up the formal definition of an organization? check all that apply.a shared goalshared communicationa clear hierarchya structured group
The formal definition of an organization consists of the following components:
A shared goalA clear hierarchyA structured groupWhat is structured group?A structured group: This refers to a collection of individuals who work together to achieve a common purpose. The structure may include various departments, divisions, and teams within the organization.
A shared goal: This refers to a common objective or mission that the members of the organization work towards achieving.
A clear hierarchy: This refers to a system of levels of authority and responsibility within the organization. It provides a clear understanding of who is in charge of what and helps to maintain order and coordination within the organization.
Learn more about structured group here:https://brainly.com/question/11110186
#SPJ1
TRUE OR FALSE when a confidant shows that he or she can be trusted, it leads to an expansion of the open area of the johari window.'
When a confidant shows that he or she can be trusted, it leads to an expansion of the open area of the johari window. The statement is True.
The Johari Window model can be used to improve understanding between individuals. The model describes four areas of communication, including open or free, hidden, blind, and unknown.
The model proposes that a person's self-awareness and communication skills can be improved by expanding the open area of the window while reducing the blind and unknown areas.
People can improve their communication skills and increase their interpersonal relationships through this process. In the Johari window model, an individual's ability to develop trust with another person is important.
A confident can only share information about oneself with someone else if the other person is trustworthy. When someone proves trustworthy, the confident expands the open area of the Johari window.
Therefore, when a confidant shows that he or she can be trusted, it leads to an expansion of the open area of the Johari window. The Johari window is useful in group settings because it promotes trust, openness, and interdependence among members.
The model allows individuals to develop trust and engage in constructive criticism and feedback, resulting in self-improvement and improved communication.
It is true when a confidant shows that he or she can be trusted, it leads to an expansion of the open area of the johari window.
Learn more about Johari Window model https://brainly.com/question/14614106
#SPJ11
When the simple interest method is used to determine finance charges, the interest is calculated based on the. a. future value of the installments.
b. average outstanding balance.
c. actual balance of the loan.
d. present value of all finance charges.
e. future value of all finance charges.
When the simple interest method is used to determine finance charges, the interest is calculated based on b. the average outstanding balance.
Simple interest is a formula that calculates the interest paid on the principal sum only. Simple interest is determined by multiplying the loan amount by the interest rate and the loan term. Then, the amount of interest owed is determined by subtracting the original loan amount from the total due.Simple interest is used to determine finance charges. Interest is calculated based on the average outstanding balance when the Simple Interest method is used to determine finance charges. This is how to calculate the average outstanding balance: Average Outstanding Balance = (Beginning Balance + Ending Balance) ÷ 2
Learn more about average outstanding balance:https://brainly.com/question/15276180
#SPJ11
aaron has lost control of his finances and has been getting calls from debt collectors. his first step should be to
Aaron has lost control of his finances and has been getting calls from debt collectors. His first step should be to create a budget to better manage his money.
What is a budget?A budget is an itemized summary of planned income and expenses for a specific period of time. It serves as a guide to aid an individual in the management of the finances.
In other words, a budget is a tool that assists an individual in keeping track of how much money they have coming in and how much an individual is spending, with the goal of helping the balance the income and expenses and achieve your financial goals.
So, Aaron's first step to get out of his financial trouble is to create a budget to better manage his money. A budget will help him keep track of how much money he has, how much he owes, and how much he needs to spend in order to make ends meet. Once he has a clear understanding of his financial situation, he can start taking steps to improve it.
Learn more about budget here:
brainly.com/question/8647699
#SPJ11
A 4% coupon bond with 6 months remaining until maturity is currently trading at $1005.17. Assume semi-annual coupon payments. The bond's YTM is__________%
For a 4% coupon bond with 6 months remaining until maturity is currently trading at $1005.17, the bond's YTM is 4.08%.
Yield to maturity (YTM) is the yield an investor receives if they keep a coupon bond to maturity and are repaid all interest and principal. It is the rate of return that an investor expects to obtain from a bond investment till the time of maturity.
To calculate the YTM of a 4% coupon bond with 6 months remaining until maturity trading at $1005.17, you need to consider the following factors:
- The par value of the bond
- The current price of the bond
- The coupon rate
- The time to maturity
The formula to calculate the YTM of the bond is:
YTM = (Par Value + (Current Price - Par Value)/Time to Maturity) / (Current Price + Par Value) / 2
In this case, the par value is $1000, the current price is $1005.17, the coupon rate is 4%, and the time to maturity is 6 months. Plugging these values into the equation gives us:
YTM = ($1000 + ($1005.17 - $1000)/6) / ($1005.17 + $1000) / 2 = 4.08%
Hence, for the given coupon bond, the yield to maturity is 4.08%.
Learn more about Yield to maturity:
https://brainly.com/question/28033398
#SPJ11
one-on-one interaction between a salesperson and a prospective buyer is called ________.A. personal selling B. direct marketing C. prospecting D. sales promotion E. specialty advertising
The answer to this question is A. Personal Selling. Personal selling is a type of one-on-one interaction between a salesperson and a prospective buyer that is aimed at building relationships and promoting a product or service.
It involves both verbal and non-verbal communication in order to effectively convey the value of the product or service being offered. Personal selling typically involves finding prospects, making initial contact, following up with prospects, and closing sales. The salesperson uses various techniques such as storytelling, demonstration, and negotiation to create a positive impression on the prospective buyer. The goal of personal selling is to build relationships, create trust, and ultimately make a sale.
for more such questions on salesperson .
https://brainly.com/question/555478
#SPJ11
g demand-side economics is concerned with group of answer choices government spending and tax levels. none of the above. fiscal policy. monetary policy. all of the options are correct.
Demand-side economics is concerned with fiscal policy, which is related to government spending and tax levels. It is not related to monetary policy. All of the options are correct.
Demand-side economics is concerned with all of the following options - government spending and tax levels, fiscal policy, and monetary policy.
Demand-side economics refers to a macroeconomic theory that focuses on increasing demand in order to stimulate economic growth. It proposes that economic growth can be generated by increasing aggregate demand, such as through government spending and reducing taxes. As a result, the economy will produce more goods and services, create more jobs, and generate more income for everyone.
The government can increase aggregate demand through fiscal policy, which involves increasing government spending or reducing taxes to stimulate economic activity. Alternatively, it can use monetary policy to stimulate demand by influencing interest rates and the money supply. In conclusion, the correct answer is: all of the options are correct.
Learn more about Demand-side economics here:
https://brainly.com/question/29542662
#SPJ11
The gain or loss in an exchange transaction which has commercial substance is computed: a. By subtracting the book value of the assets given up from the market value of the asset received.
b. By adding the book value of the assets given up to the market value of the asset received. c. By subtracting the cost of the old equipment from the market value of the asset received.
d. By adding the cost of the old equipment to the market value of the asset received.
In the following question, The gain or loss in an exchange transaction which has commercial substance is computed: option (a) "By subtracting the book value of the assets given up from the market value of the asset received."
What is an exchange transaction?An exchange transaction is a type of transaction that involves the exchange of nonmonetary assets or liabilities. This could be one nonmonetary asset for another nonmonetary asset or a nonmonetary asset for a liability. An example of an exchange transaction involving nonmonetary assets would be the exchange of an old computer for a new one. In this scenario, the company would recognize the gain or loss on the exchange transaction.
Suppose the company exchanged an old computer for a new one, with a book value of $500 and a market value of $1,000. The gain or loss on the transaction would be calculated by subtracting the book value of the asset given up ($500) from the market value of the asset received ($1,000) and arrives at a gain of $500 ($1,000 - $500).This is known as the gain or loss on the exchange transaction that has commercial substance, and it is computed by subtracting the book value of the assets given up from the market value of the asset received. The exchange has commercial substance if the company's future cash flows are expected to be affected by the transaction.
For more such questions on transactions.
https://brainly.com/question/28059483
#SPJ11
typical electronic banking services allow customers to do all of the following except a pay bills online. b transfer funds from savings to checking. c obtain cash. d print new checks.
Typical electronic banking services allow customers to do all of the following except d) print new checks. Correct answer is option D
Electronic banking, also known as online banking or e-banking, is a form of banking that allows customers to conduct financial transactions through the internet. It is a convenient way of banking, and many customers prefer it to the traditional way of banking.
Some typical electronic banking services include:1. Account balance checking: With electronic banking, customers can check their account balances in real-time, instead of having to visit a bank or ATM.2. Fund transfer: Customers can transfer funds between accounts or to other people's accounts from their computers or mobile phones.3. Bill payment: Customers can pay bills electronically, without having to write checks or use cash.
4. View statements: Electronic banking allows customers to view their account statements online, making it easier to keep track of their transactions.5. Obtaining cash : Electronic banking allows customers to withdraw cash from ATMs using their debit or credit cards. The Correct answer is option D
Know more about banking services here:
https://brainly.com/question/29385262
#SPJ11
a bank reconciliation explains any differences between the checking account balance in the depositor's records and the balance on the bank statement. group startstrue or false
The given statement "A bank reconciliation explains any differences between the checking account balance in the depositor's records and the balance on the bank statement" is true because its goal is to determine any differences between the two and make necessary changes to the accounting records.
What is a bank reconciliation?A bank reconciliation is a process that allows you to compare your company's bank account balance to your financial statements. Bank reconciliation is the procedure of checking the difference between the balance of the cash book and the balance of the passbook at the end of a certain period. It is a method for bringing the cash balance in the financial statements in line with the balance in the bank statement.
A bank reconciliation helps you to find out if any checks are outstanding, which means they haven't been cashed yet.
Learn more about bank reconciliation here: brainly.com/question/15525383
#SPJ11
Branson Corp. purchased a new machine for its business. The following list shows the various expenditures for the machine during its first year: - Base purchase price,
$50,000
- Sales tax incurred at the time of purchase,
$3,000
- Installation charges for the machine,
$2,000
- Insurance costs incurred while the machine was being shipped,
$200
- Insurance costs for the first year of the machine's service life,
$500
- Ordinary repairs and maintenance costs during the first year of the machine's service life,
$1,200
Question: What should be the capitalized cost of the machine? Do not use symbols or cents in the numerical response. Answer:
$
The capitalized cost of the machine should be 56,900.
Capitalized cost is also called the historical cost of the asset. It is the actual cost of acquiring the asset along with all the necessary expenditures incurred to get the asset ready for use in the production process.
The different expenditures for the machine during its first year include:
The base purchase price, $50,000
Sales tax incurred at the time of purchase, $3,000
Installation charges for the machine, $2,000
Insurance costs incurred while the machine was being shipped, $200
Insurance costs for the first year of the machine's service life, $500
Ordinary repairs and maintenance costs during the first year of the machine's service life, $1,200
The capitalized cost of the machine will be the sum of all the expenditures,
$50,000 + $3,000 + $2,000 + $200 + $500 + $1,200 = $56,900
Thus, the capitalized cost of the machine is $56,900.
Learn more about capitalized cost here:
https://brainly.com/question/31066685
#SPJ11
what source document is used to authorize the selecting and inspecting of goods?
picking slip source record is used to authorize the choosing and analyzing of goods
A pick slip is a printout of products to be picked in an effort to fulfil an order. you could print a single pick slip or consolidated choose slip for bulk selecting by means of selecting a listing of consignments.A picking Slip is utilized in a warehouse to choose goods . The picking Slip contains critical information about the product(s) including the amount, vicinity and inventory degrees.
A pick out slip presentations the following information:
Date printed: The date on which the pick slip became printed.
Order range: The wide variety or identifier of the order.
Order Date: The date on which the order changed into located.
deliver to deal with: complete address and call wide variety of the vacation spot deal with.
To understand greater approximately goods click on here
brainly.com/question/13038819
#SJP4
select all that apply which of the following statements are true? (check all that apply.) multiple select question. using a different inventory accounting method leads to reporting a different amount for cost of goods sold. it doesn't matter which method you use to account for inventory as long as it mimics the actual physical flow of goods. gaap require that all companies in the same industry use the same method of accounting for inventory. managers can choose the method of accounting for inventory cost (i.e., fifo, lifo, etc.) that best fits their business.
Using a different inventory accounting method leads to reporting a different amount for the cost of goods sold, and choosing the method of accounting for inventory cost (i.e., FIFO, LIFO, etc.) that best fits their business are the true statements. Thus, options a and d are true.
Inventory cost refers to the expenses of holding and storing goods, such as rent, utilities, taxes, insurance, and salaries. There are several methods to determine inventory costs, including FIFO, LIFO, and average cost.
Using a different inventory accounting method leads to reporting a different amount for the cost of goods sold.
It doesn't matter which method you use to account for inventory as long as it mimics the actual physical flow of goods.
Managers can choose the method of accounting for inventory cost (i.e., FIFO, LIFO, etc.) that best fits their business.
GAAP does not require all businesses in the same industry to use the same accounting method for inventory.
However, it does require that businesses disclose which method they use to ensure consistency in financial reporting.
So, option a and d are true.
Learn more about the Inventory accounting system here:
https://brainly.com/question/27046371
#SPJ11
Question 1:
Grocery Corporation received $301,001 for 13.50 percent bonds issued on January 1, 2018, at a market interest rate of 10.50 percent. The bonds had a total face value of $255,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method the effective-interest method to amortize the bond premium.Journal entry worksheet Record the issuance of bonds for $301,001 with a face value of $255,000. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general journal Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal
Journal entry worksheet Record the issuance of bonds for $301,001 with a face value of $255,000. Note: Enter debits before credits.
General Journal Debit Credit Date January 01 Cash $301,001 Bond Payable $255,000 Premium on Bonds Payable $46,001 Record entry Clear entry View general journal Explanation: The journal entry for the issuance of bonds for $301,001 with a face value of $255,000 would be: Debit Cash $301,001 Credit Bond Payable $255,000 Credit Premium on Bonds Payable $46,001The amount of $46,001 is the premium on the bonds. The total amount paid for the bonds is $301,001, which is greater than the face value of $255,000. The difference of $46,001 is the premium that the corporation received.Record the interest payment on December 31. Note: Enter debits before credits.Journal entry worksheet General Journal Debit Credit Date December 31 Record entry Clear entry View general journalThe journal entry for the interest payment on December 31 would be: DebitInterest Expense $33,075 CreditCash $33,075The interest payment on the bonds is calculated by multiplying the bond's face value ($255,000) by the stated interest rate (13.50%). The result is $34,425. However, since the bonds were sold at a premium, the interest payment is less than the stated interest rate.
Read more about market here:https://brainly.com/question/29551965
#SPJ11
nolan sells mangos and is having a hard time figuring out his costs. his annual demand is 11,991 with an optimal order quantity of 30. every order he places costs $40 and the holding cost is $1. what is the total annual cycle inventory for nolan's mangos? (round answer to the nearest whole number)
Nolan's total annual cycle inventory for mangos is 899.
What is annual cycle inventory?
Annual cycle inventory, also known as seasonal inventory, is a type of inventory management that involves stocking up on certain products in anticipation of seasonal demand. It is a strategy that businesses use to ensure they have enough inventory on hand to meet the demand for their products during a particular time of the year.
For example, a retailer selling winter coats may order a large number of coats in the summer months, when the demand for coats is low, to ensure they have enough inventory to meet the demand when the weather turns colder in the winter. By doing so, the retailer can avoid stockouts during peak demand periods and potentially maximize sales and profits.
The annual demand for mangos is 11,991 and the optimal order quantity is 30. That means Nolan places an order of 30 mangos every 399.7 days (11,991 / 30). Every order costs $40 and the holding cost is $1, meaning Nolan spends $41 every 399.7 days. To calculate the total annual cycle inventory, multiply the order cost ($41) by the order period (399.7 days) and divide by 2.
That gives Nolan an annual cycle inventory of 899 mangos.
Learn more about inventory here:-
https://brainly.com/question/13439318
#SPJ11
which of the following theories focuses on leadership style, such as autocratic, democratic, and laissez-faire, as well as leadership dimensions, such as initiating structure and showing consideration?
The behavior theory of leadership
The trait theory of leadership
The great man theory
The dual-process theory
The authoritarian, democratic, and laissez-faire leadership styles are the emphasis of the behaviour theory of leadership.
Laissez-faire is an anti-interventionist, free-market, capitalist economic ideology. The laissez-faire philosophy was developed in the 18th century by the French Physiocrats. Laissez-faire advocates contend that governmental intervention in business and markets impedes the advancement of the economy. "Laissez-faire" is a French word that means "to let to do." It alludes to a political outlook that rejects the idea of the government meddling in business affairs. Also, the state is seen as a roadblock to economic growth and advancement.
To learn more about laissez faire refer here:
https://brainly.com/question/29771583
#SPJ1
when purchase costs are (rising/declining) , lifo will report the lowest cost of goods sold yielding the highest gross profit and net income.
When purchase costs are declining, LIFO (last-in, first-out) will report the lowest cost of goods sold, yielding the highest gross profit and net income.
LIFO stands for last-in, first-out, and it is a method of accounting for inventory costing. The last goods obtained are the first to be sold under this approach. As a result, the value of inventory on the balance sheet is based on the oldest inventory items.
LIFO has a big effect on the cost of goods sold and, as a result, net income. When purchase costs are increasing, LIFO will report the highest cost of goods sold and the lowest gross profit, lowering net income. When purchase costs are decreasing, however, LIFO will report the lowest cost of goods sold and the highest gross profit, raising net income. Therefore, when purchase costs are declining, LIFO will report the lowest cost of goods sold, yielding the highest gross profit and net income.
Learn more about LIFO at https://brainly.com/question/26428647
#SPJ11
In 2024, DFS Medical Supply collected rent revenue for 2025 tenant occupancy. For income tax reporting, the rent is taxed when collected. For financial statement reporting, the rent is recorded as deferred revenue and then recognized as revenue in the period tenants occupy the rental property. The deferred portion of the rent collected in 2024 amounted to$490,000at December 31,2024 . DFS had no temporary differences at the beginning of the year. Required: Assuming an income tax rate of25%and 2024 income tax payable of$940,000, prepare the journal entry to record income taxes for2024.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits.
The journal entry to record income taxes for 2024 is as follows:
Debit: Income Tax Expense 950,000
Debit: Deferred Tax Liability 122,500
Credit: Income Taxes Payable 827,500
Deferred portion of rent collected in 2024 = $490,000 Income tax rate = 25% Income tax payable = $940,000
Step 1: Calculate the amount of revenue deferred in 2024 that will be taxable for income tax purposes in 2024.Deferred revenue for 2024 = $490,000
Taxable portion of revenue deferred in 2024 = $490,000 * 25% = $122,500
Step 2: Record the income tax expense for 2024.Income Tax Expense = 2024 income tax payable + Current portion of deferred taxes = $940,000 + $122,500 = $1,062,500
Debit Income Tax Expense account with $1,062,500
Step 3: Record the deferred tax liability for 2024. Deferred Tax Liability = Taxable portion of revenue deferred in 2024 = $122,500 Credit Deferred Tax Liability account with $122,500Step 4: Record the income taxes payable for 2024. Income Taxes Payable = Income tax payable - Current portion of deferred taxes = $940,000 - $122,500 = $827,500Credit Income Taxes Payable account with $827,500
Therefore, the journal entry to record income taxes for 2024 is as follows:
Debit: Income Tax Expense 950,000
Debit: Deferred Tax Liability 122,500
Credit: Income Taxes Payable 827,500
Learn more about deferred revenue here: https://brainly.com/question/14834977
#SPJ11