Discovered that a sale on account to Musheer Orthopedics for $627.50 was incorrectly charged to the account of Hubbard Medical Clinic. M59

Answers

Answer 1

The journal entry is :

Debit Hubbard Medical Clinic $627.50 and Credit Musheer Orthopedics $627.50

What is error of commission?

Error of commission is an error that occurs when a bookkeeper records a debit or credit to the correct account but to the wrong subsidiary account or ledger.

An example, is that money that has been received from a customer is credited properly to the receivable account, but to the wrong customer.

Hence, we 'll Debit Hubbard Medical Clinic $627.50 and Credit Musheer Orthopedics $627.50

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Related Questions

When interacting with a customer who has a rational style and keeps communication brief, your best strategy is to

Answers

The best strategy which a person should use when interacting with a customer who has a rational style and keeps communication brief is:

Ask open-ended questions to obtain information.

What is Communication?

This refers to the exchange of information between two or more people where feedback is given through a medium.

With this in mind, we can note that because the customer has a rational style and communicates in a straightforward manner, then the best strategy would be to ask open-ended questions to obtain information.

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Mario has completed the first step in his HR planning, and is ready to begin the second step, which is

Answers

After Mario has completed the first step in his HR planning, the next step is the program goals setting.

What is planning?

It should be noted that HR planning is important in an organization in order to achieve the goals and objectives of such organization.

In this case, after Mario has completed the first step in his HR planning, the next step is the program goals setting.

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Even if your family can pay the full amount of attending college, filling out the Free Application for Federal Student Aid (FAFSA) is a good idea because:

A. your situation and interest rates might change.

B. you can better qualify for merit-based financial aid.

C. it shows how wealthy you are.

D. you are guaranteed to get some kind of aid.

Answers

Answer:

the correct and sure answer is D

You are guaranteed to get some kind of aid.

Thus, the correct option is D.

What is an aid?

The international transfer of money, products, or services from one nation to another or from an international organization to another nation or its people. Aid might be financial, military, or humanitarian in an urgent situation.

Aid for Trade aims to assist developing nations, particularly the least developed, in creating the infrastructure and trade capability necessary to take advantage of trade openness.

Aid is support provided from one nation to another. It includes resources including cash, tools, education, and loans. Foreign help can come from non-governmental organizations (NGOs) or from the government of one nation to the government of another.

Grants, scholarships, loans, and work study are the four fundamental categories of financial aid, and federal, state, institutional, and private are the four fundamental sources.

Foreign aid can be used to further the political objectives of a government, enabling it to garner respect for its participation in international institutions, achieve diplomatic recognition, or enhance the reach of its ambassadors abroad.

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____________ reflects the degree to which a person finds fulfillment in their job. a. Job involvement b. Organizational commitment c. Organizational citizenship d. Cognitive dissonance e. Job satisfaction

Answers

It should be noted that Job satisfaction reflects the degree to which a person finds fulfillment in their job.

What is Job satisfaction?

Job satisfaction or employee satisfaction  can be regarded as the measure of workers' contentedness with their job.

Job satisfaction help the workers to be committed to his job.

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what conflict situation is should I accept the job offer I currently have or should I wait to hear from the company that I really want to work for

Answers

In a conflict situation where a person has a job offer but is still waiting for a response from the company he wants to work with, it is best to properly weigh your options and take up the existing job offer.

What is a Career Interest?

This refers to the situation where a person has certain preferences about where he would like to work in relation to other jobs or job offers.

Hence, we can note that because there is an already existing job offer, it would be worthwhile to take it and gain creditable experience which would help you land your dream job.

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turell grant is a claims adjustor his biweekly salary is 1,075. what is his annual and monthly salary?

Answers

Answer:

$27,950 and $2,329. 17

Explanation:

Bi-weekly means every two weeks.  A biweekly salary is paid once every two weeks.

One year has 52 weeks; a Biweekly salary will be paid (52/2) times in a year.

Yearly salary will be $1075 x 26

=$27,950

The monthly salary will be yearly salary divide by 12

=$27,950/12

=$2,329. 17

Strategic planning and strategic thinking differ according to.

Answers

It should be noted that Strategic planning and strategic thinking differ according to The immediacy of their responses to real or anticipated opportunities.

What is Strategic planning and strategic thinking all about?

Strategic planning  serves as the process whereby organizational leaders determine their vision for the future.

Strategic thinking is more focus on finding and developing unique opportunities to create value as regards organisation's direction.

They are different based on their immediacy of their responses about the circumstances around.

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Fantastic Frames sells units for $15 each. Variable costs total $6 per unit, and fixed costs total $90,000. If the number of units being sold increases by 2,000, net operating income will

Answers

If the number of units sold by Fantastic Frames increased by 2,000, the net operating income will increase by $18,000.

What is the net operating income?

This can be found as:

= (Selling price - Variable cost) x Number of units sold

Solving gives:

= (15 - 6) x 2,000

= 9 x 2,000

= $18,000

Net operating income will increase by $18,000.

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Which of the following refers a reduction the production and availability of a good or service in due to a decrease in its market price? a. An increase in the supply for a product b. An increase in the quantity supplied for a product C. A decrease in the supply of a product d. A decrease in the quantity supplied for a product​

Answers

Answer:

B. an increase in the quantity supplied for a product.

PLEASE HELPP:
Jones, Inc is trying to schedule a holiday party and would like to collect suggestions about the best date and location from their employees. The company has 200 employees on staff. What is the best form of communication to utilize and why?

Answers

Answer:

the best way is phone

Explanation:

becuase to get all of them in a group and tell them all

Which tend to be more volatile, short- or long-term interest rates?.

Answers

Answer:

Short-term rates

Explanation:

are more volatile than long-term rates and move more quickly than long-term rates

Complete the statement below using the correct term.
on the job under _____
Highly motivated people who seek help from the right people will advance and be able to
most conditions

Answers

When a person is highly motivated, they will be more likely to advance and overcome most conditions in a job under pressure.

What happens to highly motivated people?

When a person is highly motivated to work, and seeks help from the right people, they will gain the necessary knowledge needed to advance in a company.

This means that their knowledge combined with their willingness to work hard on account of their motivation, will allow them to overcome most conditions regardless of the pressure they will be under.

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In a large open economy, what is the source of the domestic supply of loanable funds?.

Answers

National savings can be described as the source of domestic supply of loanable funds in an economy.

What is national savings?

This is a term that is used to refer to the sum of private and public savings in an economy.

National savings is the sum of the income in the economy minus the consumption and the expenditure in the nation.

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Which of the following is an example of direct distribution channels?

Wholesaler sales

middlemen

E-commerce sales

Retail sales

Answers

Answer:

E-commerce sales

Explanation:

A direct-distribution channel is where the manufacturer sells directly to the end customer like with an E-commerce sale

The par value per share of common stock represents the:.

Answers

The face value per share.

SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations throughout the United States. Group startsTrue or False

Answers

It is a false statement that SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations.

What is SCORE?

SCORE means Service Corps of Retired Executives.

The organization is nonprofit organization that is founded to provides free and confidential business mentoring services to small business owners in the United States.

In conclusion, It is a false statement that SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations.

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Oh boy not much points left better get some

Answers

Answer:

Im so confused

Explanation:

:)

Answer:

..........

Explanation:

HELP ASAP

match the terms with their definitions

Inflation

Economizing

cost- push pricing

Target audience

demand-pull inflation

cost-plus pricing

comparison shopping

Markup

1.

Setting a price based on production costs plus a markup
2.

Checking prices, brands, and quality among several sellers
to make sure you are getting the best deal
3.

Rising prices as a result of rising production costs
4.

An increase in the general level of prices for goods and services
5.

Saving as much as possible and spending money only when necessary
6.

A specific consumer group who are likely to buy a product
7.

Rising prices as a result of consumers wanting to buy more
goods and services than producers supply
8.

The percentage amount added to production cost to obtain the price of an item

Answers

Answer:

4, 5, 3, 6, 7, 8, 2, 1,

Explanation:

Why is it a good idea to check your bank statements on a regular basis?.

Answers

Reviewing your account statements can help you identify ways to save in fees, particularly if you are paying excess savings transaction fees.

What should you mention about the interview in your thank-up letter?

Answers

Answer:

-Thank the interviewer for their time

- Reiterate interest in the position/company

- Remind the employer of your qualifications

- Follow up with any information requested of you

Explanation:

Consider this thank-you as a follow-up "sales" letter; in addition to thanking the person with whom you interviewed, it should reiterate your desire for the position. Describe your motivations for applying for the position, your qualifications, and how you might contribute significantly.

Why is it important to send a thank you letter after an interview?

You have the chance to restate key topics from your interview in a thank-you note. Have you ever left an interview wishing you had stressed a particular ability or experience the hiring manager seemed to be seeking more forcefully? You have the opportunity to do it after an interview by writing a thank-you note.

A thank you letter should end by stating that it was a joy to speak with the employer about the position. You should end by saying that you hope to hear from the employer with further instructions. The last step is to sign your name and include your phone number and email address.

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Joining a career and technical student organization is a good way to
1. develop skills that match your areas of interest
2. get a part-time job to earn spending money
3. show your commitment to helping people
4. work on scholarship applications

Answers

Answer

A: develop skills that match your areas of interest

Answer:

A.

Explanation:

Which resource management task includes activating?.

Answers

Answer:

Which resource management task enables resource coordination throughout the incident? Incident information is used across ICS, EOCs, MAC Groups, and JIS to aid in planning, determine incident costs, and identify safety issues.

A company that expects that some of its customers will not pay the agreed upon sales price must utilize the.

Answers

A company that notices that some of its customers will not pay the agreed-upon sales price must make use of the allowance method of accounting.

What is the allowance method in accounting?

The allowance method is a strategy of putting up a reserve for potential consumer debt in the future. The reserve is calculated based on the sales percentage generated in a given reporting period, may be modified for the risk related to specific clients.

The allowance method calculates the provision for uncertain accounts by multiplying and scaling the accounts receivable by the correct percentage for the aging period and then adding the two totals altogether.

Therefore, a company that notices that some of its customers will not pay the agreed-upon sales price must make use of the allowance method of accounting.

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Accounts receivable, net of the allowance for doubtful accounts is called:.

Answers

Accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

What is net realizable value?

Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.

The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.

Hence, accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

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types of waves that can be plane polarized


Answers

Plane polarisation is the method of allowing only waves orientated in the same direction - only allowing vibrations in one plane. Only transverse waves can be plane polarised because their vibration is perpendicular to the direction of energy travel - you can therefore have this vibration at different orientations

Which of the following is the definition of point of operation?

a)Component of the machine which moves while the machine is working

b) Part of the mechanical system which conducts energy to the part of the machine performing the work

c) Area on a machine where the work is performed

d) Repetitive up-and-down or back-and-forth linear motion

Answers

Answer:

Explanation:

B.

a bank holding company owns a bank that is chartered by the Office of the Comptroller of the Currency (OCC) of the U.S. Treasury Department and has federal deposit insurance, it can be regulated by

Answers

The Federal Reserve is the federal entity that regulates the bank holding company that is chartered by the Office of the Comptroller of the Currency.

What is a bank holding company?

A bank holding company refers to an independent company that controls banks but does not itself in their activities.

In conclusion, the Federal Reserve is the federal entity that regulates the bank holding company that is chartered by the Office of the Comptroller of the Currency.

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Bebarly appreciates compliments about her new photography business but really values constructive criticism, as she can then address particular issues. According to Julian Rotter, Bebarly has a(n)

Answers

Assuming Bebarly appreciates compliments about her new photography business but really values constructive criticism. According to Julian Rotter, Bebarly has a(n): internal locus of control.

What is  internal locus of control?

Internal locus of control can be defined as the way in which a person or an individual believe  that whatsoever happen to them is as a result of their own capabilities.

A person with Internal locus of control personality will tend to believe that their action is what lend to the positve result they had just as in the case of Bebarly.

Inconclusion according to Julian Rotter, Bebarly has a(n): internal locus of control.

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On January 2, 2021, Miller Properties paid $33 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2021. The carrying amount of Marlon's net assets was $142 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $30 million above cost. The remaining amortization period for the patent is 10 years. Marlon reported earnings of $69 million and paid dividends of $3 million during 2021. On December 31, 2021, Marlon's common stock was trading on the NYSE at $32.50 per share.
Required: 2. Assume Miller accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related to the investment to be reported in its 2021. (Do not round intermediate calculations. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal places, (i.e., 5,500,000 should be entered as 5.5).): million million a. Income statement b. Balance sheet c. Statement of cash flows Operating cash flow Investing cash flow million million

Answers

Based on the balances given by Miller Properties, the amounts in the relevant accounts are:

Income statement = $11 million. Balance sheet = $43.5 million. Statement of cashflows operating cash flow = $500,000.Statement of cashflows investing cash flow = $33 million.

What is the income statement balance?

= (Reported earnings - (Patent value / Number of years) ) / Marlon company outstanding shares

= (69 - (30 / 10) ) / 6

= $11 million

What is the balance sheet balance?

= Acquisition price + Equity income - Dividends declared by Marlon

= 33 + 11 - (3/6)

= $43.5 million

What is the operating cash flow ?

This is the cash dividend that Miller received from Marlon of:
= 3 / 6 million shares x 1 million

= $500,000

What is the investing cash flow?

This is the $33 million that Miller paid for Marlon company shares.

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Most workplace communications will involve routine messages that are positive or neutral. Therefore, they should be organized using the ____________________ strategy.

Answers

It should be noted that Most workplace communications will involve routine messages that are positive or neutral by using the communication strategy.

What is workplace communications?

workplace communications serve as a means by which the employees can work together and have effective communication so the goal of organization can be achieved.

workplace communications is important because it will involve routine messages that are positive or neutral

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