Answers
Answer:
Dr Notes Receivable $8,000
Cr Cash $8,000
Explanation:
Based on the information given we were told that Brian Inc. borrowed the amount of $8,000 from First Bank in which they signed a promissory note which means that the journal entry that Brian Inc. should record the transaction is :
Dr Notes Receivable $8,000
Cr Cash $8,000
Related Questions
Which is considered a dwelling coverage?
A. It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry and all other material goods not part of or permanently attached.
B. It is coverage for personal property, liability and loss of use.
C. It provides financial protection in case someone else is hurt and/or injured on your property for which you are found liable.
D. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
Answers
Property and Automobile Insurance Quick Check
Answer: 1. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
2. liability coverage
3. It provides financial protection for all of the objects in your home.
4. It covers injury or death to others caused by the named driver or named car.
5. property damage liability
Explanation: I took the same quick check and got 100%, hope this helps someone!
4/6/2023
It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry, and all other material goods not part of or permanently attached is considered a dwelling coverage. The correct option is A.
What is called dwelling?A permanent building or structurally independent portion of one, such as a detached house or flat, that was built or changed with the intention of being inhabited by a single household is referred to as a dwelling.
It doesn't cover the land or the possessions inside the house. just the building. It is "Coverage A" under a homeowner's policy. Now, installed fixtures like cabinets and countertops as well as permanently attached appliances that are connected to public utilities, such as some stoves or a water heater, are covered by dwelling insurance.
Thus, the ideal selection is option A.
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The questions are in the images. The categories provided are: Cash, Accounts Receivable, Office Equipment, Office Furniture, Accounts Payable, Randy Guttery Capital, Randy Guttery Drawing, Fees Income, Rent Expense, Utilities Expense, Salaries Expense, Telephone Expense, and Miscellaneous Expense.
Answers
A collection of financial records that employ double-entry accounting is referred to informally as a T-account.
What is T- Account ?The phrase defines how the bookkeeping entries appear. On a page, a huge letter T is first drawn.The account name is then written above the top horizontal line and split by the bottom horizontal line., and below that, split by the vertical T of the letter, debits are reported on the left and credits are recorded on the right.
Every financial transaction is taken into account to have an impact on at least two of a company's accounts in double-entry bookkeeping, a common accounting technique. Each transaction will be recorded in one account as a debit entry and in the other as a credit entry.
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As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so that you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem. In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure. You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm.
1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 3 Marks
2. What recommendations will you make in your report that will help assure that this situation or similar one would not happen again? 4 Marks
3. Assume that the top-level management team has accepted your recommendations, how can their effectiveness be evaluated three months after implementation? 4 Marks
4. Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this structure? If yes or no, present the factors (4) that influenced your decision regarding the right organizational structure for San’s Consulting. 5 Marks
5. Identify and discuss the main problems that the firm is likely to experience (i) if the current structure is continued or (ii) if a new structure is implemented. 5 Marks
Answers
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
Beacon Petroleum purchased an operational oil well for $8 million and expects to extract 16 million barrels over the 10-year life of the
well. Beacon estimated the well's salvage value to be zero. What is the firm's cost of goods sold for year 1 if it extracts 2.5 million
barrels of oil and sells 2.0 million barrels of oil?
O $1.00 million
O $1.25 million
O $0.25 million
O $2.25 million
Answers
Answer:1.00 million
Explanation:
br.uh + meme =jhhbn b bbv v
Answers
Answer:
jhcv njkdqevjkqefvhuiqevhihuerfihuer thank i guess and we have the same name
Explanation:
The awnser to your question is meme
Warner Company’s year-end unadjusted trial balance shows accounts receivable of $112,000, allowance for doubtful accounts of $730 (credit), and sales of $410,000. Uncollectibles are estimated to be 1.50% of accounts receivable.
1. Prepare the December 31 year-end adjusting entry for uncollectible.
2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $950?
Answers
If the uncollectible are estimated to be 1.50% of accounts receivable. The December 31 year-end adjusting entry for uncollectible is: Debit bad debts expense $950 ; Credit Allowance or doubtful accounts $950
Adjusting entry for uncollectiblea. Adjusting entry
Using this formula the uncollectible amount
Uncollectible amount = ( Accounts receivable × Uncollectible percentage ) - Allowance for doubtful accounts
Let plug in the formula
Uncollectible amount = ( $112,000 x .015) - $730
Uncollectible amount = $1,680 - $730
Uncollectible amount = $950
The adjusting entry for uncollectible is :
Debit bad debts expense $950
Credit Allowance or doubtful accounts $950
b. Adjusting entry
Using this formula the uncollectible amount
Uncollectible amount = ( Accounts receivable × Uncollectible percentage ) - Allowance for doubtful accounts
Let plug in the formula
Uncollectible amount = ( $112,000 x .015) + $950
Uncollectible amount = $1,680 + $950
Uncollectible amount = $2,630
The adjusting entry for uncollectible is :
Debit bad debts expense $2,630
Credit Allowance or doubtful accounts $2,630
Therefore the entry is to Debit bad debts expense for the amount of $950 and Credit Allowance or doubtful accounts for the amount of $950.
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How does risk pooling affect inventory levels when a company uses fewer and centralized warehouses? Please explain.
Answers
Answer:
In simple words, Inventory risk pooling is the concept that the variability in demand for raw materials is reduced by aggregating demand across multiple products. When properly employed, a business can use risk pooling to maintain lower inventory levels while still avoiding stock out conditions. Although for preventing stock out situation a company need warehouses where they can keep supply sufficient for emergency conditions.
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
Answers
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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On the morning of July 15, 2006, fourteen school buses were vandalized. The buses, property of Walt Whitman Middle School, were parked in the "bus barn" on campus. The vandals spray-painted the buses with pictures of dogs. Dogs happen to be the mascot of rival school Edgar Allan Poe Academy. This has led some to believe that some students from EAPA may be the culprits in the incident. Says the mother of one Walt Whitman student, "Oh, yeah, the [Edgar Allan] Poe [Academy] kids are definitely responsible. Those kids don't have any discipline, and they're still stewing over the loss of last week's football game." Police, however, say that they currently have no suspects.
The article above is an example of a human interest story.
True
False
Answers
Hope this helps u out I had the same question!!
What are some of your strengths areas? Think about the top 2/3 skills you would advertise about yourself, consider what others come to you for advice about.
Answers
Answer:
Some of my strength areas are trustworthiness, creativity and solving problems, leadership and organization, analytical skills, determination, and empathy.
Explanation:
Every person's core strengths or skills should fall into these three main areas: personal, play, and work. Personal skills deal with the fundamental skills that give the background to every activity that a person undertakes. Play skills define the human interaction and relationship with others. Work skills specify one's attitude to work and how a person achieves her goals in the work environment.
Which one of the following statements concerning dealers and brokers in the financial markets is correct? Multiple Choice o. A dealer pays the ask price when purchasing securities o. A broker never assumes ownership of the securities being traded. o. A broker deals solely in the primary market o. A dealer in market securities arranges sales between buyers and sellers for a fee. o. A broker eams income in the form of a bid-ask spread.
Answers
From the following statements "A broker never assumes ownership of the securities being traded" is correct.
Brokers arrange transactions between buyers and sellers in order to earn a commission after the transaction is completed. A broker playing the dual role of buyer or seller is considered the primary party to the transaction. These he two roles are distinct from the agent who is his primary party in the transaction.
Brokers are often impartial people who provide services used by multiple businesses. A broker's main job is to match buyers and sellers. A broker therefore acts as a neutral middleman between buyers and sellers.
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Kyle accepted a job at Brenton Manufacturing. During his training, he was told that defective and poor-quality products were unacceptable, and the goal is to manufacture goods that met 100 percent of standards. What methodology does this company use
Answers
Answer:
TQM (Total quality management)
Explanation:
Total Quality Management is process by which all members of an organisation take part in improving products, services, processes, and the culture of the workplace.
The aim of TQM is to achieve long term success of the business through customer satisfaction.
Kyle was made to understand that defective and poor-quality products were unacceptable, and the goal is to manufacture goods that met 100 percent of standards.
This is a TQM strategy that ensures customer is always satisfied with the company's product.
SWOT analysis is not a subjective process.
True
False
Answers
SWOT analysis is not a subjective process. The statement stated above is False.
What do you mean by Analysis?An analysis is significant because it arranges and interprets data before structuring it into presentable knowledge that is applicable to practical applications.
A subjective evaluation of facts that is logically arranged according to the SWOT structure to aid in understanding, presentation, discussion, and decision-making is known as a SWOT analysis.
Internal elements, such as strengths and weaknesses, rely on the goal, project, or initiative under analysis. What is a strength for one purpose or project could be a drawback for another since it is subjective to the chosen objective.
Therefore, The statement is false. A SWOT analysis is a subjective assessment of data.
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Layne wants to set up her PivotTable to show how her total sales were distributed across the
months she's been tracking to see, at a glance, which month accounted for the higher portion
of her total sales. What command, accessible with a right-click, will bring up a list of options
that will let her do this with one click?
Show Values As...
Value Field Settings
O Show Field List
O Remove Values
Answers
The command that would help to show the total sales distributed in the month that she wants to see is the Show Field List.
What is the show field list?This is the command that tells the spreadsheet that you want to view the values that are in a field.
This command would show the list after you carry out the action of right clicking on the pivot table.
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Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your real wage in 2014 ____.a) increasedb) decreasedc) stayed the samed) it cannot be determined with the given information.
Answers
Answer: a. increased
Explanation:
Inflation rate = (CPI of second year - CPI of the first year ) / CPI of the first year
= (240 - 238) / 238
= 0.84%
Your wage increased by 3.5% which is more than inflation so your real wage increased by;
= 3.5 - 0.84
= 2.66%
Use the graph to answer the question that follows.
Which of the following explains the shape of curve 1?
A) Law of Demand
B) Law of Marginal Analysis
C) Law of Diminishing Marginal Utility
D) Law of Diminishing Marginal Returns
Answers
The shape of curve 1 can be explained by the D) Law of Diminishing Marginal Returns.
What is the Law of Diminishing Marginal Returns?The Law of Diminishing Marginal Returns states that as additional units of a variable input are added to a fixed input, at some point the marginal product of the variable input will start to decrease. This means that each additional unit of the variable input will contribute less to the total output than the previous unit.
Typically, the marginal cost curve starts out downward sloping due to economies of scale and then begins to slope upward due to the Law of Diminishing Marginal Returns.
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Match the design thinking stage to its description.
Question 14 options:
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs)
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better
Analyze observations and information to identify the core problem
The design team comes up with solution ideas
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers
1.
Empathize
2.
Define
3.
Ideation
4.
Prototype
5.
Test
Answers
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs) - Prototype.
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better - Empathize
Analyze observations and information to identify the core problem - Ideation
The design team comes up with solution ideas - Ideation
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers - Test
What is a Design thinking?Generally, a design thinking means the set of cognitive, strategic and practical procedures used by designers in the process of designing and to body of knowledge that has been developed about how people reason when engaging with design problems. A design thinking is also associated with the prescriptions for the innovation of products and services within business and social contexts.
The term "design thinking" is been used to refer to specific cognitive style, a general theory of design (which is way of understanding how designers work), and a set of pedagogical resources (through which organisations or inexperienced designers can learn to approach complex problems in a designerly way).
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Direct examples of the functions of a financial system include
(Select all that apply.) ?
1. a business owner accepting payments via PayPal
2. a bank hiring three new tellers when a new branch opens
3. ensuring that personal information entered electronically is safe
4. a financial institution extending a line of credit to a small business
Answers
business studies grd 12 presentation on business environment
Answers
The business environment is the set of internal and external factors that affect the operations and success of a business. It includes factors such as economic conditions, political and legal systems, technological advancements, social and cultural factors, and competitive forces.
Understanding the business environment is important for businesses because it enables them to identify opportunities and threats that may impact their operations.
Businesses can then use this information to make informed decisions about their strategies and plans.
For example, a business operating in a highly competitive market may need to focus on product differentiation or cost reduction strategies to stay competitive.
Similarly, a business operating in an unstable economic environment may need to adjust its pricing or marketing strategies to remain viable.
In summary, the business environment is a complex and dynamic system that affects businesses in various ways, and understanding it is critical for success in the business world.
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For most consumers, term life insurance is considered to be the:
O worst option
O same cost as term
O most expensive
O best value
Answers
For most consumers, the term life insurance is considered to be worst option.
What is a term life insurance?A sort of death benefit that pays the policyholder's heirs over a predetermined length of time is term life insurance, commonly referred to as pure life insurance. The owner of the term life insurance policy has three options after the term has ended: renewing it for a new term, changing it to permanent protection, or letting the policy lapse. The premium for term life insurance is established by the insurance provider based on the value of the policy (the payout amount), as well as your age, gender, and general health. A medical examination could be necessary in several situations. Your driving history, current medications, whether you smoke, your work, your hobbies, and your family history may all be requested by the insurance provider.
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Deep discount bonds reflect questionable quality. True False
Answers
Answer:
I think "False" but I'm not sure.
Explanation:
I'm sorry if it's wrong.
Q: Is there an emergency dentist available in Wednesbury?
Answers
Yes, there is an emergency dentist available in Wednesbury.
Where is Wednesbury?Wednesbury is a town located in the West Midlands county of England, United Kingdom. It is situated approximately 9 miles east of Wolverhampton and 4 miles northwest of Birmingham.
Wednesbury is part of the metropolitan borough of Sandwell and is surrounded by other towns such as Walsall, West Bromwich, and Tipton.
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Combining Supply and Demand
Scenario: The following shows a demand and supply schedule listing CDs demanded and supplied in the
millions) per week at each price. Graph each the following demand/supply schedules on one demand graph
and then answer the questions below:.
$6
Shortage/
Surplus
(Qs - Qd)
$5
$4
Price Per Quantity Quantity
Compact Demanded Supplied
Disc (Qd) (Qs)
$6
o
9
$5
2
6
$4
3
5
$3
4
4
$2
6
3
$1
9
0
$3
$2
$1
1
2 3 4 5 6 7 8
9 10 11 12 13 14
Answers
Answer:
the answer is $3
Explanation:
5. Agency issued RFQ (request for quote) for a contractor to provide program analysis and strategic support (PASS) to identify
technology, operational support and improvement of programs. The contractor needs an understanding of agency's
technologies, projects, programs, practices, policies and procedures and the ability to promptly respond to challenging and
changing requirements. The RFQ contemplated a single-award under a fixed-price, time-and-material or hybrid task order. The
award would be 1-year base and four 1-year option period with an estimated value of $350M. If you are the Co what
evaluation factor would you include in the RFQ and why? Include both Price and non-price factors and their respective level of
importance and ranking.
Student Success
Center
M. Louis Salmon
Submit Assignment
Answers
The evaluation factors, based on their respective rankings (with 1 as the highest and 5 as the least), that the RFQ Committee must include in the RFQ are as follows:
Technical capabilities (to prove the contractor's understanding of the agency's technologies)Vendor experience (to prove the contractor's understanding of the agency's programs, practices, policies, and procedures.)Project approach (to prove the contractor's ability to respond to challenges.)Total contract cost (shows the contractor's understanding of requirements.)Customer's past Turnover (to ensure the contractor's ability to execute the contract.)What are RFQ evaluation factors?RFQ evaluation factors are the criteria that an RFQ committee can use to determine the competing proposals submitted in response to an RFP that would best meet the agency's requirements.
RFQ means Request For Quotation. RFQs are regularly used to determine the contractor that makes the best contract proposal.
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What is a bushiness opportunity?
Answers
Answer: You said it yourself, an opportunity.
Explanation:
A business opportunity is often used to describe a way for a business to make more money. It can also mean many other things such as hiring more employees, creating more roles, partnering with another company, etcetera.
But mainly used to make more money.Define quality from the
producers point of view
Answers
Answer:
Producers believe that a quality product has quality of conformance, which means that their products are designed and produced to specifications.
Explanation:
Hemisphere Electric may purchase equipment to manufacture a new line of wireless devices for home appliance control. The first cost of the equipment will be $90,000, and the life of the equipment is estimated to be 6 years with a salvage value of $10,000. Different people in marketing have provided revenue estimates that the devices will generate. The estimates range from a low of $10,000 to a high of $20,000, with an average of $16,000 per year. If the MARR is 7% per year, use PW to determine if these different estimates will change the decision to purchase the equipment.
The present worth of low estimate range is $___.
The present worth of average estimate range is $___.
The present worth of high estimate range is $___.
The $10,000 revenue estimate____to select the purchase.
The $16,000 revenue estimate____the purchase.
The $20,000 revenue estimat____the purchase.
Answers
Answer:
hi how are you doing today Jasmine
Which aspect of production planning might make use of a Gantt chart?
A.
routing
B.
loading
C.
scheduling
D.
dispatching
E.
inspection
Answers
4. True or False? Patchwriting is considered a form of plagiarism. (required) O True O False
Answers
The given statement " Patchwriting is considered a form of plagiarism." is True. Patchwriting is defined as copying or paraphrasing from a source text and then changing a few words or phrases while maintaining the overall structure and meaning of the original text.
While patchwriting may seem like a legitimate way of writing, it is still considered plagiarism because the writer is essentially using someone else's ideas and work without giving proper credit. This type of writing is a violation of academic integrity, which is why it is important for students to avoid patchwriting and instead use their own words to express their thoughts and ideas.
To avoid patchwriting, students can practice proper citation methods, such as citing sources and using quotation marks when using the exact words from a source text. Additionally, students can work on improving their paraphrasing skills, which involves using their own words to convey the same ideas as the original text without changing the meaning. By avoiding patchwriting, students can ensure that they are producing original and authentic work that is free from plagiarism.
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