If the errors were made by the company, the adjusted bank balance is $11,494 and the adjusted book balance is $11,494.
Bank reconciliationa. Bank reconciliation statement July 31, 20Y0
Cash balance according to bank statement $11,601.41
Add deposit not recorded $1,177.87
Total $12,779.28
Less outstanding checks
No.613 $137.5
No.618 $837.7
No.633 $310.08
Total $1,285.28
Adjusted balance $11,494
($12,779.28-$1,285.28)
Bank reconciliation statement July 31, 20Y0
Cash balance according to company book $7,664
($9,578+$6,465.42-$8,379.42)
Add proceed of note collected:
Principal $4,000
Interest $160
Add july deposit error $18
Add error in check No.627 $63
Total $4,241
Deductreturn check $375
Service charges $36
Total $411
Adjusted balance $11,494
($7,664+$4,241-$411)
2. Journal entries
Debit Cash $4,241
Credit Notes receivable $4,000
Credit Interest revenue $160
Credit sales $18
Credit Account payable $63
Debit Accounts receivables $375
Debit Miscellaneous expense $36
Credit Cash $411
3. The amount of cash that should appear on the balance sheet as of July 31 is $11,494.
4. The error amount of $1,620 calculated as ($1,800-$180) should be included in the bank statement balance while the cancelled check should as well be corrected by giving the same check to the bank.
Inconclusion If the errors were made by the company, the adjusted bank balance is $11,494 and the adjusted book balance is $11,494.
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Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved b) a form of compensation whereby a percentage of company profits is distributed to the employees whose work helped to generate them monetary rewards offered by companies for exceptional c) performance as incentives to further increase productivity an incentive system that pays a fixed amount or a percentage of the employee's sales
After every service rendered, there is a payment for it. when it is hourly, it is termed wages, when it is monthly, then, it is called salary.
Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved
WagesWages a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.
Therefore, the it refers to rewards based on the number of hours the employee works or the level of output achieved.
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What is a pricing strategy that establishes a low price in hopes of attracting a great number of customers and discouraging competitors?.
The pricing strategy that establishes a low price in hopes of attracting a great number of customers and discouraging competitors is penetration pricing.
What is penetration pricing?
Penetration pricing is a pricing strategy where the sellers of a new product make the price of the good very low with the hopes that it would attract customers to purchase the product.
Penetration pricing increases the market share of the firm but can lead to the firm earning very low levels of profit.
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The presence of which magnetic feature best explains why a magnet can act at a distance on other magnets or on objects containing certain metals? fields dipoles domains forces.
The presence of "fields" magnetic feature best explains why a magnet can act at a distance on other magnets or on objects containing certain metals.
What is the term magnetic fields about?The magnetic forces exerted by the magnet can act at a distance on other magnets or on objects containing certain metals.
The magnetic fields showcase the presence of magnetic forces. The magnetic forces arise due to attraction and repulsion of the poles inside the material.
Moreover, Opposite poles attract each other while similar poles repel each other.
Therefore, correct option is A.
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Answer:
answer is A. fields
Explanation:
edge 2022 I took the test
Elasticity measures the responsiveness of Multiple choice question. one variable to changes in another. one variable to changes in many other variables. many variables to changes in many variables. many variables to changes in one variable
Elasticity measures the responsiveness of one variable to changes in another. The correct option is A.
What are the measures of elasticity?The price of the commodity, the price of related goods, and consumer income are the three quantifiable factors that determine demand and are used to calculate its elasticity. Price, cross, and income elasticities of demand are the three types of elasticities of demand.
The degree to which the quantity of a good is demanded in response to a change in its price is known as its elasticity of demand. The formula for calculating it involves dividing the proportionate change in quantity demanded by the proportionate change in the price level.
Elasticity is a measure of a variable's receptivity to changes in another variable. Elasticities are unitless, so you can measure the underlying variables in any way you like and they won't affect the elasticity. Elasticity and slope are not the same.
Thus, the ideal selection is option A.
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Charlotte complains that a lot of turnover is coming from branches that used to be first american before the merger. She claims that the employees there were not used to so much oversight and had more authority. Based on this information, first american highly valued.
We can infer that based on the fact that employees were not used to so much oversight, First American highly valued Delegation.
What did First American value?Delegation in a company means that superiors endow their subordinates with roles and adequate authority to get a certain job done with little oversight.
Charlotte's complaint about employees not being used to oversight therefore means that there was a lot of delegation in First American where employees had more authority.
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What remarketing audiences cannot be defined by default?.
Answer:
When a report is based on data from a large number of sessions you may see the following notice at the top of the report.This report is based on sessions.You can adjust the sampling.
Explanation:
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Percy’s GPA is 2. 75, so he should list it on his résumé. Please select the best answer from the choices provided T F.
The given statement that GPA of Percy is 2.75, so he should list it on his resume, is the false statement.
What is GPA?
The full name of GPA is the Grade Average Point. A GPA is the sum of all of the individual grade points earned throughout the degree program.
Graduate students are often obliged to have a certain GPA.
At the time of filling out a resume, there are several basic and necessary questions that a person should consider in order to meet the criteria that the client is searching for.
In terms of GPA, Percy's is comparable. It is not appropriate to include it on a resume unless specifically requested or required. Most of the time it isn't required, thus the given statement is false.
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Answer: False
Explanation:2.75 gpa is bad
What is the advantage of displaying data in a graph rather than just listing data in a table?.
Answer:
✒️Answer:Because of their visual nature, they show the overall shape of your data. This is when you should use graphs instead of tables: The message is contained in the shape of the values (e.g. patterns, trends, exceptions). The display will be used to reveal relationships among whole sets of values.
Explanation:
#CarryOnLearning[tex]watch.some.anime[/tex]
Select all that apply Which of the following budgets are directly based on information from the sales budget? Multiple select question. Direct materials budget Production budget Direct labor budget Selling and administrative expense budget
The budgets that are directly based on information from the sales budget include:
Production budget.Selling and administrative expense budget.What is a sales budget?It should be noted that a sales budget simply means a financial plan that estimates the revenue for a particular period.
In this case, the production budget and selling and administrative expense budget are based on sales budget.
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Alpha associates was organized on january 1, year 1. Alpha was organized as a corporation. Alpha reported $200,000 of before tax income during year 1 and paid a $30,000 cash dividend to its stockholders. Assuming a corporate income tax rate of 30% and a personal income tax rate of 15%, the total amount of tax collected by the government is.
Explanation:
GIVEN DATA:
Alpha reported = $200,000
withdrew = $30,000
corporate income tax rate = 30%
personal income tax rate = 15%
SOLUTION:
we get here total amount of tax collect as
total amount of tax collect = Alpha reported amount × personal income tax rate ...............1
put here value
total amount of tax collect = $200,000 × 15%
total amount of tax collect = $30,000
here no corporate tax required and partner is taxed on share of total partnership income regardless of amount withdrawn
so the correct answer is $30,000
Which of the following is an example of corporate welfare? a. A large corporation donates money to a homeless shelter b. Severance pay and unemployment insurance c. Low-interest government loans, subsidies, and tax breaks to corporations d. Employee assistance programs
An example of corporate welfare is Low-interest government loans, subsidies, and tax breaks to corporations.
What is corporate welfare?Corporate welfare refers to financial aid granted by governments to companies that make profit, mostly large companies.
Examples of corporate welfare are ;
Tax breakSubsidiesLoansHence, we can conclude that an example of corporate welfare is Low-interest government loans, subsidies, and tax breaks to corporations.
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One of the principles of hierarchy is a clear ______ chain of command.
Answer: One of the principles of hierarchy is a clear vertical chain of command.
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Describe two major perspectives on the role information systems play in supply chain management activities.
Answer:
Information management systems have the potential to change organizations and promote the emergence of new businesses. Their main goal is to enhance information flow and facilitate the decision making process. An information management system is one of the few elements of supply chain that can offer both improved performance and lower cost.
Eloise, the director of Human Resources at her organization
Since Eloise is working to determine its human resource needs for the next five years, her first course of action is: assessing the future labor supply.
What is Human resources management?Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees or workers, activities that are being used by an organization.
This ultimately implies that, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization because they are the most important asset of any organization.
In conclusion, Eloise's first course of action is assessing the future labor supply for her organization.
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Complete Question:
Eloise, the director of human resources at her organization, is working to determine its human resource needs for the next five years. Eloise's first course of action is?
Planning , using a five step process.
If the market price is above or equal to the average cost, but below the average cost the firm should keep producing in the run even though it does so at a(n)
If the market price is above or equal to the average variable cost, but below the average total cost the firm should keep producing in the run even though it does so at a loss.
When should a firm shut down production?
A firm should continue production in the short run if the price is above the average variable cost even if price is below the average total cost. The short run is a period when at least one or more factors of production are fixed.
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What remarketing audiences cannot be defined by default?.
Answer:
When a report is based on data from a large number of sessions, you may see the following notice at the top of the report This report is based on sessions.You can adjust the sampling.
Explanation:
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When a manager creates a budget that is too easy to attain, ______ occurs.
Answer:
Explanation:
budgetary slack
How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by eliminating tariffs and taxes on imports and exports by encouraging countries to provide open access to trade by helping smaller countries compete in the world market
A trade agreement (sometimes known as a trade pact) is a comprehensive tax, tariff, and trade treaty that frequently contains investment guarantees.
What are the benefits of international trade and agreement?Some of the advantages of a trade agreement include reduced tariff barriers, increased exports, economies of scale, increased competition, use of surplus raw materials, and so on. These are some of the benefits gained by international traders as a result of trade agreements.
Thus Option C is correct about the trade agreement.
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Answer:
How do trade agreements of international organizations affect trade?
by incentivizing the development of trade policies
by eliminating tariffs and taxes on imports and exports
by encouraging countries to provide open access to trade The answer
by helping smaller countries compete in the world market
Josh is a full-time college student who is not working or looking for a job. The bureau of labor statistics counts josh as.
The bureau of labor statistics counts Josh a full-time college student who is not working or looking for a job as labor force.
What is labor force?Labour force can be defined as the number of people in the country who work and are also capable of working. They are people who are willing and able to work.
It is to be noted that the total number of people who are currently employed plus the number of people who are unemployed and seeking employment refers to labor force.
Hence, Josh a full-time college student who is not working or looking for a job can be termed as labor force.
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Which form do independent contractors receive from clients to verify income
received during the year?
a. w-2
b. w-4
c. 1040
d. 1099
Answer:
1099
Explanation:
got it right
Answer:
D.1099
Explanation:
After submitting a résumé by mail, how long should you wait before following up with an employer?.
Answer: one to two weeks
According to Baumrind, which type of parents place firm limits and controls on their child, allows little verbal exchange, and might show rage toward their child
The type of parents place firm that place limits and controls on their child and allows little verbal exchange is authoritarian.
What is authoritarianism?Authoritarian serves a kind of control whereby the parents posses the total control over their child.
In this kind of parents place firm, there is always a way to check the activities of the children to avoid bad influence.
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When a car veers off the road such that the left front wheel goes off the pavement into the gravel before the right wheel, what will happen to the car, and why?.
The car will tend to turn to the left because the left wheel hits the gravel first and slows down before the right wheel.
What is Wheel?This is defined as a circular component that is intended to rotate on an axle bearing.
The car will turn to the left as a result of the right wheel covering a greater distance thereby causing the car to turn to the left.
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The world of global logistics can be rather complex. As a result, companies sometimes need assistance in moving their products around the world. Suppose ford, an american company, manufactured cars in the usa but was going to send them to italy. What type of logistics intermediary is instrumental in helping ford create a logistics plan to get their cars out of the united states?.
The type of logistics intermediary that will be instrumental in helping Ford to create a logistics plan to get their cars out of the United States into Italy is E. Freight Forwarder.
Who is a Freight Forwarder?A freight forwarder is a company that acts on behalf of importers, exporters, or other companies to ensure the safe, efficient, and cost-effective movement of goods, especially outside the exporter's country.
The logistics intermediary that will create a logistics plan for Ford is not a Longshoreman, Dispatcher, Customs house broker, FTZ, Customs agent, or Incoterm.
Answer Options:A. Longshoreman
B. Dispatcher
C. Customs house broker
D. FTZ
E. Freight Forwarder
F. Customs agent
G. Incoterm
Thus, the type of logistics intermediary that will be instrumental in helping Ford to create a logistics plan to get their cars out of the United States into Italy is E. Freight Forwarder.
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True or false? When creating a budget to repay your student loans, you can
save money by paying only the interest.
O True because paying only the interest reduces the length of the loan and
reduces the total amount you pay in the long-term
True because paying interest means monthly payments will be small
O False because it is not possible to only pay the interest,
O False because paying only interest lengthens the life of the loan and increases
the total amount you pay in the long-term.
Next →
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The correct answer choice is; True, because paying only the interest reduces the length of the loan and reduces the total amount you pay in the long-term.
Paying off Student LoansIt follows from study that; while paying off student loans, it usually pays off to pay the interest first. On this note, it follows that the principal of the loan remains constant and hence, compound interest is avoided and consequently, the total amount you pay in the long-term is reduced.
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Measuring performance relative to planned objectives and standards is part of:.
Measuring performance relative to planned objectives and standards is part of controlling.
What is controlling?Controlling helps to manage, supervise or oversee a given task or assignment.
It helps to measure how far or well a given task has been done relative to the target.
Therefore, Measuring performance relative to planned objectives and standards is part of controlling.
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A government institutes new measures in an attempt to limit inflation. To what macroeconomic goal is this action most directly related
When the government institutes new measures in an attempt to limit inflation, the macroeconomic goal it is directly related to is C. Stable Prices.
What is a macroeconomic goal?A macroeconomic goal is an achievement that an economy attains in order to maximize the standard of living of the people and achieve stable economic growth.
There are four macroeconomic goals, including:
Economic Growth Economic Stability Full employment Stable financial market.The macroeconomic goals are supported by the following objectives:
Minimizing unemploymentIncreasing productivityControlling inflation.Answer Options:A. Equity
B. Efficiency
C. Stable Prices
D. Full Employment
Thus, when the government institutes new measures in an attempt to limit inflation, the macroeconomic goal it is directly related to is C. Stable Prices.
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A city spent $2 million to build a pedestrian bridge that has proved unsafe. The city can repair this bridge or demolish it and build a new one. If the resulting bridge would be equally attractive and useful either way, how should the $2 million already spent factor into the city's decision?
The city should ignore the $2 million, since either way it has already been spent.
What is sunk cost?Sunk cost is a cost that has already been incurred. It means that the amount has already been spent. Cost that has already been incurred should not be considered when making future economic decsions.
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Suppose that monetary neutrality and the fisher effect both hold. An increase in the money supply growth rate increases.
Any increase in the money supply growth rate will increase the inflation rate and nominal interest rates if the monetary neutrality and the fisher effect both on hold.
What is monetary neutrality?The theory holds that the changes in the money supply only affect the general prices, but not overall economic productivity.
What is the fisher effect?The effect explains the relationship between inflation and real & nominal interest rates.
In conclusion, if the monetary neutrality and the fisher effect both hold, then, any increase in the money supply growth rate will increase the inflation rate and nominal interest rates
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_____ is considered to be the most persuasive and valuable method of promoting products and services. Group of answer choices
Word of mouth is the most persuasive and valuable method of promoting products and services.
What is Word of mouth communication?Word of mouth is the process where information is passed from one person to another by using oral communication, or mouth which can be as simple as telling someone about clothe .An example of word of mouth communication is story telling and it is where one person tells others a story about a real event or something made up.
Therefore, Word of mouth is the most persuasive and valuable method of promoting products and services.
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