The correct answer is d. $2,000 unfavourable. This formula can be used to calculate the variance in fixed overhead spending:
Variance in fixed overhead spending equals the difference between actual and budgeted fixed overhead costs.
= $22,000 - $20,000
= $2,000 inadvertent
The correct response is therefore d. $2,000 unfavourable.
Costs associated with fixed overhead do not fluctuate when production or sales levels do. These expenses, which are usually connected to the facility or plant where the production takes place, are incurred to maintain the production capacity. Rent, property taxes, insurance, depreciation, and the salaries of the management and administrative staff are examples of fixed overhead expenditures. The difference between actual fixed overhead expenses and budgeted or anticipated fixed overhead costs for a given time is measured by the fixed overhead spending variance in the context of variance analysis.
Learn more about Fixed overhead costs here:
https://brainly.com/question/29997061
#SPJ4
if an investor expects a sharp increase in a stock's price, which of the following will be the most profitable?
If an investor expects a sharp increase in a stock's price, D: exercising rights could be a profitable option.
Exercising rights involves using the pre-emptive right to purchase additional shares of a company's stock at a predetermined price. If the investor exercises the right and the stock price increases sharply, they could make a profit by selling the shares they purchased at a higher market price.
However, it is worth noting that the profitability of this option will depend on the specific terms of the pre-emptive right and the magnitude of the anticipated price increase.
"
Complete question
if an investor expects a sharp increase in a stock's price, which of the following will be the most profitable?
a) Sell puts
b) Buy puts
c) Sell calls
d) Exercise rights
"
You can learn more about stock price at
https://brainly.com/question/28539863
#SPJ4
iven that a company reported net income for the year, determine how a company would complete its work sheet for the period by choosing the correct statement below. multiple choice question. A. the net income would be added to the credit column of the income statement columns. B. the owner, capital account ending balance, reflected in the credit column of the balance sheet, would include the net income. C. the company would add the net income amount to the credit column of the balance sheet
Answer: The company would add the net income to the Credit column of the Balance Sheet & Owners Equity columns of a work sheet.
Explanation:
According to Maslow’s hierarchy of needs, employees would be motivated by (Job Enrichment/ Health Insurance) only if (Job Enrichment/ Health Insurance) were already offered.
Need help with this tricky Operations Management Question.
Answer:
According to Maslow's hierarchy of needs, employees would be motivated by job enrichment only if job enrichment were already offered. Health insurance, on the other hand, would motivate employees regardless of whether it is already offered.
That's right. Job enrichment is a higher-level need on Maslow's hierarchy of needs, which means it will only motivate employees if it is already offered. Health insurance is a lower-level need, so it will motivate employees regardless of whether it is already offered.
Suppose that you sell short 500 shares of Xtel, currently selling for $70 per share, and give your broker $25,000 to establish your margin account.
A. If you earn no interest on the funds in your margin account, what will be your rate of return after one year if Xtel stock is selling at: (i) $74; (ii) $70; (iii) $66? Assume that Xtel pays no dividends. (Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.)
i Rate of Return %
ii Rate of Return %
iii Rate of Return %
b. If the maintenance margin is 25%, how high can Xtel’s price rise before you get a margin call? (Round your answer to 2 decimal places.)
Margin call will be made at price ______ or higher
c. Redo parts (a) and (b), but now assume that Xtel also has paid a year-end dividend of $1 per share. The prices in part (a) should be interpreted as ex-dividend, that is, prices after the dividend has been paid. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.)
i Rate of Return %
ii Rate of Return %
iii Rate of Return %
Margin call will be made at price _______ or higher
A. (i) If Xtel stock is selling at $74, your rate of return after one year is -10.71%.
(ii) If Xtel stock is selling at $70, your rate of return after one year is 0.00%.
(iii) If Xtel stock is selling at $66, your rate of return after one year is 10.71%.
What are the responses to other questions?b. If the maintenance margin is 25%, you will get a margin call if the price of Xtel falls to $52.50 or below.
c.
(i) If Xtel stock is selling ex-dividend at $73, your rate of return after one year is -7.71%.
(ii) If Xtel stock is selling ex-dividend at $69, your rate of return after one year is 0.00%.
(iii) If Xtel stock is selling ex-dividend at $65, your rate of return after one year is 7.71%.
Margin call will be made at price $56.25 or lower.
learn more about rate of return: https://brainly.com/question/1789817
#SPJ1
India is blessed with a vibrant wildlife and ecosystem, which is often subject to indiscriminate exploitation by unscrupulous elements of society including business organizations. Briefly explain any 5 (five) legislations that are related to environment protection or conservation.
5 (five) legislations that are related to environment protection or conservation
Wildlife Protection Act, 1972:Forest (Conservation) Act, 1980Air (Prevention and Control of Pollution) Act, 1981Water (Prevention and Control of Pollution) Act, 1974The National Green TribunalWhat are the explanantions of the 5 legations?Wildlife Protection Act, 1972: This act provides for the protection of wild animals and plants, and includes measures for the conservation of endangered species. It also regulates hunting, trapping, trade, and transportation of wild animals and plants.
Forest (Conservation) Act, 1980: This act provides for the conservation of forests and wildlife and regulates the diversion of forest land for non-forest purposes. It requires prior approval from the central government for the diversion of forest land for non-forest purposes.
Air (Prevention and Control of Pollution) Act, 1981: This act provides for the prevention and control of air pollution and the establishment of an Air Quality Monitoring system. It also establishes penalties for violating air pollution standards.
Water (Prevention and Control of Pollution) Act, 1974: This act provides for the prevention and control of water pollution and the establishment of a Central Pollution Control Board to regulate water pollution.
The National Green Tribunal: This is an specialised court that deals with environmental disputes and implements environmental laws and policies. It has jurisdiction over all civil cases relating to environmental protection and conservation of forests and wildlife.
Learn more about India at:
https://brainly.com/question/28391626
#SPJ1
A customer enters an order to buy 1,000 shares of XYZ at 21. Which of the following is true regarding these order instructions?
A)
The order must be executed immediately.
B)
The order can be executed at 21 or lower.
C)
The order can only be executed at 21.
D)
The order can be executed at 21 or higher.
A customer enters an order to buy 1,000 shares of XYZ at 21 then the order can be executed at 21 or lower. Option B is correct.
This type of order is called a limit order, where the customer sets a specific price (in this case, 21) at which they are willing to buy the shares. As long as the market price of XYZ is at or below 21, the order can be executed. The order can be filled immediately if there are enough sellers willing to sell the shares at 21 or lower.
If there are not enough sellers at 21, the order may remain open until the market price falls to 21 or lower. If the market price never falls to 21, the order may not be filled at all.
To know more about limit order here
https://brainly.com/question/29754984
#SPJ4
Armstrong Corporation manufactures bicycle parts. The company currently has a $19,300 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $7,100, or modified for $9,900 and sold for $21,300.
1A) Identify the relevance of the data given in the exercise to the decision about what to do with the obsolete parts (Irrelevant data or Relevant data).
Relevant data: The $19,300 inventory of parts, the estimated sale price of $7,100 if sold as is, and the estimated sale price of $21,300 if modified. These pieces of data are relevant to the decision about what to do with the obsolete parts.
What is estimated?Estimation is the process of making an educated guess about something based on available information. It involves taking into account all known facts and making a judgement about the outcome. Estimation is commonly used in many fields such as business, engineering, construction, finance and economics. The accuracy of an estimate depends on the quality of the data used, the experience of the estimator, and the amount of time available for the calculation. Estimation is an important skill to have in order to make informed decisions and to predict future outcomes.
To learn more about estimated
https://brainly.com/question/1194429
#SPJ1
is a process of weighing decision criteria in which each criterion is compared with every other criterion
O Maximizing comparisons
O Relative comparisons
O Absolute comparisons
O Satisficing comparisons
The answer is option b. Relative comparisons. The process of weighing decision criteria in which each criterion is compared with every other criterion is Relative comparisons.
What does the difference between criteria and criteria mean?The word "criterion," which is singular, refers to "a standard of judgment or critique." Criterion is the plural form of criteria and cannot be used as a singular noun. Five requirements must be fulfilled in the mechanism's design.
Which is an illustration of a criterion?Validity of the criteria If a college admission exam can forecast future academic achievement, a researcher wants to know. As it is a recognized indicator of academic success, the first-semester GPA can be used as the criteria variable.
To know more about Criterion visit:
https://brainly.com/question/25682985
#SPJ1
compare the beta hedged stock index portfolio strategy with the minimum variance hedge using futures.
The beta hedged stock index portfolio strategy and the minimum variance hedge using futures are two different strategies that can be used to manage risk in an investment portfolio.
The beta hedged stock index portfolio strategy involves using futures contracts to offset the market risk (beta) of an equity portfolio. The goal of this strategy is to eliminate the impact of market movements on the portfolio's returns while maintaining exposure to individual stock performance. The strategy involves selling futures contracts on the underlying index to offset the market risk of the portfolio. This strategy is suitable for investors who want to maintain their exposure to the stocks in the portfolio but reduce the impact of market movements on their returns.
The minimum variance hedge using futures strategy involves using futures contracts to hedge against the overall volatility of the portfolio. The goal of this strategy is to reduce the overall volatility of the portfolio by hedging against the risk of individual stocks in the portfolio. The strategy involves selling futures contracts on the underlying index to offset the risk of the portfolio. This strategy is suitable for investors who want to reduce the overall volatility of the portfolio.
In terms of comparing the two strategies, the beta hedged stock index portfolio strategy is focused on reducing market risk, while the minimum variance hedge using futures strategy is focused on reducing overall portfolio volatility. The choice between the two strategies will depend on an investor's specific risk management needs and investment objectives. An investor who is primarily concerned with reducing market risk may prefer the beta hedged stock index portfolio strategy, while an investor who is concerned with reducing overall portfolio volatility may prefer the minimum variance hedge using futures strategy.
For more such type of questions investment:
https://brainly.com/question/3729664
#SPJ4
the balances in baleille accounting services office supplies account on feb 1 and feb 28 were 1950 and 500
Based on the provided information, the amount of office supplies purchased during February is $350. (Option D)
Supplies expense is a type of indirect expense which indicates the total consumables cost used during a reporting period. It is the cost of goods used by the company used during a specific reporting period to operate.
Office supplies expense refers to the amount of administrative supplies charged to expense in a reporting period. and include items such as paper, staples, pen and pencils, ink, paper clips, binders, file folders, and markers. Based on the provided information, the office supplies expense is given by:
Office supplies expense (monthly) = Beginning office supplies + Office supplies purchased - Ending office supplies
The monthly supplies expense = $1,400
The beginning office supplies on Feb 1 = $1,200
The ending office supplies on Feb 28 = $150
Therefore,
$1,400 = $1,200 + Office supplies purchased - $150
Office supplies purchased = $1,400 - $1,200 + $150
Office supplies purchased = $350
Note: The question is incomplete. The complete question probably is: The balances in Labeille Accounting Services' office supplies account on February 1 and February 28 were $1,200 and $150, respectively. If the office supplies expense for the month is $1,400, what amount of office supplies was purchased during February? a) $1,350 b) $1,200 c) $150 d) $350 e) $2,450.
Learn more about Supplies expense:
https://brainly.com/question/27975133
#SPJ4
On December 31 , a company is preparing its year-end financial statements. All account balances have been updated for transactions during the year, but no year-end adjusting entries have yet been made. The following information is available: - On September 1 , the company paid $60,000 to rent a storage facility for 12 months.- On November 1, the company recelved $36,000 from a customer for services to be provided evenly over the next six months. - During the year, the company paid and recorded $30,000 in income tax expense. On December 31 , the company determines it owes additional income tax of $10,000 but that amount won't be paid until next April 15 . - On Aprill, the company lent $100,000 to one of its suppliers. The principal and 8% interest are due in one year. (Note: The interest is simple interest and not compound.)
After modifying inputs, the amount owing in one year for the principal and 8% interest is $2,000.
What do you mean by financial statements?Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and then for tax, financing, or investment purposes.
Before adjusting entries $10,000
After adjusting entries -2,000
Calculated as:
Net income before adjusting entries (given) $ 10,000
Less: Rent expense for 4 months 60,000/12*4 = -20,000
Add: Revenues from customers service
for 2 months 36,000/6*2 = 12,000
Less: income taxes -10,000
Add: interest on notes for 9 months 100,000*8%*9/12 = 6,000
After adjusting entries -2,000
To know more about interest, visit:
https://brainly.com/question/16134508
#SPJ1
Cute Camel Woodcraft Company has a debt-to-equity ratio of 2.80, compared to the industry average of 2.24. Its competitor Purple Lemon Woodcrafters, however, has a debt-to-equity ratio of 4.20. Based on what debt-to-equity ratios imply, which of the following statements is true? Purple Lemon's creditors face lesser risk than the average financial risk in the industry O Cute Camel's shareholders expect magnified returns but higher risk as compared to Purple Lemon. O Purple Lemon has greater financdal risk as compared to Cute Camel and to the average finandal risk in the industry O Purple Lemon has higher creditworthiness as compared to Cute Camel
The answer is Purple Lemon has greater financial risk as compared to Cute Camel and to the average financial risk in the industry is true.
How Do Industries Work?A set of businesses that are connected by their main lines of business are referred to as an industry. Numerous industrial classifications exist in contemporary economies. Sectors are generally used to combine together industry classifications into bigger groups.
Which industry is a good example?A set of companies that share a common primary commercial activity, such as the production of automobiles or the sale of groceries, is referred to as an industry. Smaller industries (like the automobile industry) can be categorized into bigger industry sectors (for example, the manufacturing sector in general).
To know more about Industry visit:
https://brainly.com/question/28495859
#SPJ4
you are one of the it administrators for a corporate network. as you start each day, your job is to check the issue trax help desk system to see if any jobs have been submitted. you are working from the computer named itadmin. in this lab, your task is to: open issue trax from itadmin. find any tickets that are not yet closed. using the information found in the open ticket, resolve the issue. add a comment to the ticket, indicating that it has been resolved, and close the ticket.
A resolved ticket is a customer ticket that has already been resolved. This is the last stage in the ticket lifecycle for some software solutions. However, in order to remove a ticket from the queue, you must sometimes close it even after it has been resolved.
What is required of a network administrator?Administrators of network and computer systems typically perform the following tasks: Determine the system requirements of a company and install network software and hardware. Upgrade and repair networks as needed, and ensure that systems are functioning properly. Keep your network and computer systems secure.
Include more detail in the body of the e-mail if necessary, but don't spend more than a minute or two documenting things. Your support team should contact you to discuss it further, and providing too much information can often cloud the initial diagnosis of any problems.
Learn more about network administrators here:
https://brainly.com/question/14093054
#SPJ1
rosa's pretax accounting income in year 2 is $3,000. rosa deducts depreciation for tax purposes in excess of accounting depreciation of $300 in year 1 and $700 in year 2. it is expected the depreciation deduction will reverse by $500 in year 3 and $500 in year 4. the income tax rate is 40%. which of the following entries is included in the journal entry to record deferred taxes for year 2? multiple choice question. A. debit deferred tax expense $400.
B. credit deferred tax liability $280.
C. debit income tax expense $400.
D. credit deferred tax liability $500.
Based on the deferred question At the conclusion of 2015, there's been $400 in tax debt.
Is income taxable?The amount of money you owing to the Treasury or your state legislature is your tax burden. Your salary and filing status affect your pay tax obligation. Certain credits and deductions can make you pay less in taxes generally. Deductions can help you pay lower taxes overall.
How is the tax liability decided?It is easier to figure out the tax due on investment income than it is on company or compensation revenue. You only need to divide your profits by the applicable tax rate to determine however much tax you owe.
Created in 2014 : $120 (300x40%)
Created in 2015 : $280 (700x40%)
Total at end of 2015 = $ 400
To know more about tax liabilities visit:
https://brainly.com/question/29857441
#SPJ4
Joan's project is to take a fairly straight-forward manual process and make it an electronic process. This will make the processing more efficient. Which of the following requirements analysis strategies is she using?
a) Business process automation
The requirements analysis strategy that Joan is using is A: business process automation.
Business process automation involves taking a manual business process and automating it using technology to make it more efficient. In this case, Joan's project is to take a fairly straight-forward manual process and make it an electronic process, which is an example of business process automation.
By automating the process, Joan can improve the efficiency of the process by reducing errors, increasing throughput, and decreasing processing time. This can help to improve the overall productivity of the organization and reduce costs associated with manual processing.
Therefore, the correct answer is A - business process automation.
"
Complete question
Joan's project is to take a fairly straight-forward manual process and make it an electronic process. This will make the processing more efficient. Which of the following requirements analysis strategies is she using?
a) Business process automation
b) Business process improvement
c) Business process internalization
d) Business process reengineering
"
You can learn more about process automation at
https://brainly.com/question/30162032
#SPJ4
Question 11
Which of the following statements about our oceans is false?
The statement that is false about the ocean is its average depth is about 400m. The ocean is the body of saltwater that covers approximately 70.8%.
What is an ocean?The ocean is the body of saltwater that covers approximately 70.8% of the surface of Earth and contains 97% of Earth's water. An ocean can also refer to any of the large bodies of water into which the world ocean is conventionally divided. Separate names are used to identify five different areas of the ocean: Pacific, Atlantic, Indian, Antarctic/Southern, and Arctic. Seawater covers approximately 361,000,000 km2 the planet.
The ocean is the principal component of Earth's hydrosphere, and therefore integral to life on Earth.
Learn more about ocean, here:
https://brainly.com/question/11803537
#SPJ9
While most business communication is now done electronically, there remain situations in which a business letter is most appropriate.
In certain situations, business letters are most appropriate for delivering messages______(inside/outside) an organization. Business letters convey a sense of_______ (concern/ formality/ levity) and _________( warmth/ importance/gratitude) .
In certain situations, business letters are most appropriate for delivering messages outside an organization. Business letters convey a sense of formality and importance.
Which circumstances call for business letters to be used the most effectively to convey information?
When a permanent record is required, confidentiality is essential, sensitivity and formality are essential, and you need to make a persuasive, professional presentation, a business letter is the best channel to choose.
What is a business letter primary purpose?There are many different types of content that can be included in business letters, such as a direct request for information or action from another party, an order for supplies from a supplier, a correction to a request, an apology, or a message of goodwill.
Learn more about business letter :
brainly.com/question/30336295
#SPJ1
according to the book, starkist strategy to address consumer concerns for dolphins was a financial and environmental success.
Starkist tuna adopted a dolphin-safe policy and stopped purchasing tuna from vessels using dolphin netting. This move implies that it was taken in response to concerns over the market place.
How would you create a strategy?A plan outlines the ways by which the objectives (goals) will be accomplished (resources). Strategy can be set or it can develop organically when an organization competes or adjusts its surroundings. It involves tasks like strategic thinking and strategic thought.
What does the word "plan" mean?An organization's long-term aims and the plan it has to attain them are referred to as its strategy. In other respects, it demonstrates the strategy for achieving the primary intention.
To know more about strategy visit:
https://brainly.com/question/15285486
#SPJ4
a restaurant has identified a target market of elderly patrons who eat early in the evening, a slower period for the business. the best communication strategy to reach this group would be to blank .
The answer is a. Run a print ad with coupon in a senior center program schedule.A restaurant is a place of commerce where customers can order and receive food and drinks.
Despite the fact that many restaurants now provide takeaway and food delivery services, meals are frequently served and enjoyed on the premises. There are many different styles and types of restaurants, from low-cost fast food and cafeterias to exorbitant luxury places. They also offer a wide range of cuisines and service approaches.The tiniest restaurant in the world, Kuappi, is located in Iisalmi, Finland.Early in the 19th century, the French word restaurer, which also means "give food for," was originally employed to indicate "return to a former status."The verb's present participle also suggests that the word "restaurant".
Learn more about restaurant:
https://brainly.com/question/28587110
#SPJ4
according to cohen, which of the following is/are arguments why society-wide socialism might be thought infeasible?
According to Cohen, the argument which the society-wide socialism might be thought infeasible will be "the limitation of human nature/pursuit of self interest.
Socialism is a political philosophy and movement that embraces a variety of economic and social systems that place an emphasis on democratic control, such as worker self-management, as opposed to private ownership.
Socialism is characterized by social ownership of the means of production. Socialism includes the political, social, and economic ideologies and movements related to the development and adoption of such systems.
Social ownership can be public, community, collective, cooperative, or employee-owned. While there is no one definition that encompasses all socialism, social ownership is the one aspect that all socialist movements share and is regarded as left-wing.
Different forms of socialism differ depending on the role of markets and planning in resource allocation, on the structure of management in organizations, and on approaches from below or from above; some socialists favor a party, state, or technocratic-driven approach. Socialists disagree on whether the government, especially the current government, is the best tool for bringing about change.
To learn more about socialism: https://brainly.com/question/14693002
#SPJ4
fill in the blank. crest toothpaste markets its fruit flavored toothpaste to children, and its whitening toothpaste to adults. this is an example of __segmentation.
Children are targeted by Crest's fruit-flavored toothpaste, while adults are targeted by its whitening toothpaste. An illustration of demographic segmentation is this.
How do you define market?The market is the total population of buyers and sellers in the area or region under consideration. This topic could include Earth as well as a number of other countries, areas, states, and cities. The forces of supply and demand in the market determine the value, expenditure, and value of the items sold.
What are the two meaning for market?This market is a location where products are purchased and sold, typically outside. He had a market booth where he sold footwear. 2. countable noun (often singular) The population represents potential market for a specific sort of product.
To know more about market visit:
brainly.com/question/13465761
#SPJ1
after a heated discussion with his boss when e learned that he was going to be transferred to a new sales territory, ken packed up his personal belongings and quit without giving any notice. which of the following best describes kens reaction to a negative work event
exit
Exit is the best way to characterise Ken's response to a bad work event. This indicates that he decided to quit his position of employment willingly as a result of a bad experience or incident.
The easiest way to sum up Ken's response to a bad workplace occurrence is to say that he left. This indicates that he left his employment voluntarily as a result of a bad experience or incident, in this example, learning that he would be moving to a new sales region. One possible employee response to unfavourable workplace events is the exit response, which entails leaving the company, either by quitting or retiring. Feeling insulted, unappreciated, or unsupported by the company, among other things, might cause this reaction. It is a typical reaction when an employee believes their only alternative is to quit because they see no prospect for development.
Learn more about employment here:
https://brainly.com/question/1361941
#SPJ4
Assume there is a shortage in the market for digital music players. Which of the following statements correctly describesthis situation?A) The demand for digital music players is greater than the supply of digital music players.B) The supply of digital music players will increase because of the market pressures created by the shortage.C) The price of digital music players will rise in response to the shortage; as the price rises the quantity demanded willincrease and the quantity supplied will decrease.D) Some consumers will be unable to obtain digital music players at the market price and will have an incentive to offerto buy the product at a higher price.
C) As a result of the scarcity, the price of digital music players will increase, which will lead to an increase in demand and a decrease in supply.
C) The price of digital music players will increase in reaction to the scarcity, which will result in a fall in supply and an increase in demand. Digital music player shortages are an indication that there is a bigger demand than there is supply in the market. In order to account for the increasing demand, suppliers may raise the price of digital music players. As the cost increases, some customers could opt not to purchase the goods, while some suppliers might elect to increase production. In the end, the shortage will be resolved when the price increases until the quantity sought and amount provided are equal.
learn more about demand here:
https://brainly.com/question/29703449
#SPJ4
Christensen suggested tactics to navigate the challenges of dealing with potentially disruptive innovations. Which of the following is one of those tactics?
A.
build portfolio options on emerging technologies
B.
have internal efforts focus on what may or may not turn out to be the next big thing
C.
all of the available options are true
D.
invest in firms or start-ups
(C) All of Christensen's suggested tactics are valid in the scenario at hand.
What are tactics?A conceptual activity or brief sequence of activities with the intention of achieving a short-term goal is referred to as a strategy.
This process can be carried out as one or more distinct tasks.
The phrase is frequently used in commercial, protest, and military contexts, as well as in competitive pursuits like chess, athletics, or other games.
The word's root is the Ancient Greek word taktike, which means "art of arrangement."
The specific acts or steps you take to carry out your plan are known as tactics.
For instance, one country's policy during a conflict can aim to influence the civilian population of the adversary.
They might employ strategies like radio broadcasts or hospital construction to accomplish this.
So, in the given situation all of the available options are true which are given by Christensen.
Therefore, (C) all of Christensen's suggested tactics are valid in the scenario at hand.
Know more about tactics here:
https://brainly.com/question/29689939
#SPJ1
Guzman Consulting Services issued a check for $2,000 to purchase equipment. This transaction would be recorded with which of the following entries?
The journal entry will be equipment debit and cash credit.
The account being debited or credited and not the amount is entered first when a business transaction is being recorded. A journal entry in accounting is a note of a monetary transaction in a journal. The debit and credit amounts as well as the accounts being debited and credited are included in the journal entry.
The most crucial components of the journal entry are the accounts that are being debited and credited since they show which accounts are impacted by the transaction In the given case, A check for $2,000 was written by Guzman Consulting Services to pay for the equipment. Thus, the journal entry will be -
Equipment A/c Dr. $2,000
To Cash A/c. $2,000
( Being equipment purchased by check)
Read more about the journal on:
brainly.com/question/14279491
#SPJ4
which of the following levels of measurement possess mutually exclusive categories, a fixed order to the categories, and equal spacing between the units of measurement?
interval and ratio are measurement possess mutually exclusive categories, a fixed order to the categories, and equal spacing between the units of measurement.
What level of measurement divides data into groups that cannot coexist?The nominal level of measurement divides data into categories that are mutually exclusive (nonoverlapping) and in which the data cannot be ranked or placed in any order.
What does measurement mean in everyday language?Measurement is the quantifying of characteristics of an object or event so that they can be compared to those of other objects or occurrences. To put it another way, measurement is the act of figuring out how big or little a physical quantity is in relation to a fundamental reference quantity of the same kind.
Finding a number to represent the quantity of something is the process of measurement.
To know more about measurement visit:
https://brainly.com/question/28913275
#SPJ4
Put the stages of quality management evolution in order with 1 being the earliest and 5 being the latest
1. In the guild era, skilled craftsmen produced the entire product with pride of workmanship
2. With division of labor after the industrial revolution workers felt less responsible for the final product
3. Scientific Management applied observation methods and inspection to manufacturing
4. During World War II and post-war era, industries used statistical sampling methods on products & raw materials
5. Quality efforts turned to product design evaluation, expanded to Service Industry then evolved to prevention techniques
As per quality management evolution, the stages can be arranged as - 1, 2, 3, 4 and 5
The major goal of overall quality management is to ensure that an organisation can create an environment that continuously supports employees in increasing their level of productivity in order to speed up business operations. The stages of quality management can be arranged as -
1. Skilled artisans crafted the entire item with pride in their labor during the guild era.
2. After the industrial revolution, employees felt less accountable for the outcome due to the division of labour.
3. Scientific Management used industrial observation techniques and inspection.
4. Businesses utilised statistical sampling techniques on goods and raw materials throughout World War II and the post-war period.
5. Quality initiatives shifted to product design evaluation, grew to include the service sector, and eventually developed into prevention methods.
Read more about quality management evolution on:
https://brainly.com/question/24386228
#SPJ4
a nominal amount of money, even as little as one dollar, is sufficient consideration to form a valid contract. this is true even if the other party's consideration is much more valuable. True or False
A nominal amount of money, even as little as one dollar, is sufficient consideration to form a valid contract. this is true even if the other party's consideration is much more valuable. True
The nominal value of a security, also known as its face or par value, is its redemption price and is often listed on the front of that instrument. It is the declared value of an issued security, as opposed to its market value, in the case of bonds and stocks.
In economics, nominal values refer to the unadjusted rate or current price, which does not account for inflation or other factors, as opposed to real values, which account for general price level changes over time.
Learn more about nominal amount
https://brainly.com/question/29845613
#SPJ4
Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $25,200 ($2,100/month) in advance on October 1. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0). Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the payment of rent in advance on October 1, Note: Enter debits before credits. General Journal Debit Credit Date October 01
If On October 1, Hoosiers would record the payment of rent in advance as follows: Debit Prepaid Rent: $25,200, Credit Cash: $25,200
How to prepare the journal entry?(1) On October 1, Hoosiers would record the payment of rent in advance as follows:
Debit Prepaid Rent: $25,200
Credit Cash: $25,200
(2) On December 31, Hoosiers would need to record an adjusting entry to reflect the amount of rent that has been used up or "expired" during the period
Debit Rent Expense: $6,300
(3 months x $2,100/month)
Credit Prepaid Rent: $6,300
(3) The year-end adjusted balances of Prepaid Rent and Rent Expense would be as follows:
Prepaid Rent:
Beginning balance: $0
Add : Rent paid in advance on October 1: $25,200
Less : Rent expense adjusted at year-end on December 31: $6,300
Ending balance: $18,900
Rent Expense:
Beginning balance: $0
Add : Rent expense adjusted at year-end on December 31: $6,300
Ending balance: $6,300
Learn more about journal entry here:https://brainly.com/question/14279491
#SPJ1
FILL IN THE BLANK. Berkshire Hathaway annual meeting, a famous yearly event, can be attended by any ___ which is someone who owns at least one share
The answer is Stockholder visit, Berkshire Hathaway annual meeting, a famous yearly event, can be attended by any stockholder which is someone who owns at least one share.
Who are stockholders, exactly?The owners of a corporation's outstanding shares, also known as stockholders, hold a portion of the company's remaining assets, earnings, and voting power. These shares are known as outstanding shares or simply shares.
What exactly are stockholders and stakeholders?Ownership-related rights are available to stockholders, who are also a portion owner of the companies in which they invest their money. Aside from business owners, stakeholders hardly ever have any ownership claims to the company in which they have an interest.
To know more about Stockholder visit:
https://brainly.com/question/16225453
#SPJ1