Following transactions of Ramesh for April,2018 are given below. Journalize them, prepare ledger and trial balance.
Answers
Answer:
apr 28
Explanation:
Related Questions
A portion of the Sarbanes-Oxley Act makes it illegal to fire or otherwise discriminate against a corporate officer for trying to report possible accounting irregularities to higher corporate officials or enforcement agencies. The ________ administers that portion of Sarbanes-Oxley.
Answers
Answer: C) U.S. Department of Labor
Explanation: A portion the Sarbanes-Oxley Act makes it illegal to fire or otherwise discriminate against a corporate officer for trying to report possible accounting irregularities to higher corporate officials or enforcement agencies. The ________ administers that portion of Sarbanes-Oxley.
A) Department of Homeland Security
B) Internal Revenue Service
C) U.S. Department of Labor
D) Securities and Exchange Commission
The Sarbanes-Oxley Act was created by legislators to help protect shareholders, employees and the general public from accounting errors and fraudulent financial practices which therefore makes it illegal to fire or otherwise discriminate against a corporate officer for trying to report possible accounting irregularities to higher corporate officials or enforcement agencies. This portion of the Act is administered by the U.S. Department of Labor.
Eliminating modification anomalies is a(n) ________ of normalization.Immersive Reader (2 Points) advantage disadvantage either an advantage or disadvantage neither an advantage nor disadvantage
Answers
Answer:
The correct answer is the first option: Advantage.
Explanation:
To begin with, the name of "Normalization" refers to the process of structuring a relational database alongside with normal forms with the purpose to reduce the amount of data redundancy and increase and improve the amount of data integrity. Most of the cases, the normalization concludes when the relational database meets the third normal form, that is considered to be free of insertion, updated and free of anomalies due to the fact that it deletes them. That is why that the elimination of modificating anomalies is an advantage of normalization.
"A corporation has issued 20,000,000 shares of common stock at $2 par. The corporation has 5,000,000 shares of Treasury Stock on its books. The aggregate value of the outstanding shares is:"
Answers
Answer:Aggregate value of the outstanding shares = $30,000,000.
Explanation:
issued stock = 20,000,000 shares
Treasury Stock = 5,000,000 shares
Outstanding stock = Issued stock -Treasury stock
20,000,000 shares - 5,000,000 shares = 15,000,000 shares
Aggregate value of the outstanding shares=shares outstanding X par value
= 15,000,000 shares x $2= $30,000,000.
Which of the following statements is true? The Medicaid program cover everyone below the poverty line Government health insurance programs are limited to low-income Americans Almost half of medical care costs in the U.S. is paid by government The Medicare program runs a surplus
Answers
Answer:
C). Almost half of medical care costs in the U.S. is paid by the government.
Explanation:
The second statement that asserts a true claim regarding the funding of medical care in the United States. The federal government in total funds 65% of the funds spent on Medicaid and around 80+% for CHIP(Children's healthcare program). Nearly 18% of GDP is spent by the federal government on funding the expenditures incurred on health care as it is highly concerned about the health of its citizens as a healthy state can only be the leading and the most powerful one. Last year, around 1.2 trillion dollars were spent on the healthcare budget and the goals are to reach higher. Thus, this statement asserts a true claim and hence, option C is the correct answer.
In which country can prospective employers ask job applicants to report personal characteristics such as age and marital status
Answers
The question is incomplete:
In which country can prospective employers ask job applicants to report personal characteristics such as age and marital status:
a. United States
b. India
c. United Kingdom
d. All of these
Answer:
b. India
Explanation:
-In the United States, employers can't ask candidates questions about their origin, age, marital status or other personal information because this would be a violation of the Title VII of the Civil Rights Act of 1964.
-In India, employers can ask candidates about personal information like family, age and marital status.
-In the United Kingdom, employers are not allowed to ask candidates about protected characteristics like age, marital status, disability and sex as this would be considered discrimination.
According to this, the answer is that the country in which prospective employers can ask job applicants to report personal characteristics such as age and marital status is India.
The manager who establishes the organization's goals and determines how the departments should interact is the ______ level manager.
Answers
Answer:
in the level manager answer of thiis
Wilson Tech's production cost data for the current period is: Beginning Work‐in‐Process 0 units Units Started 16,000 units Units Transferred Out 9,800 units Ending Work‐in‐Process 6,200 units Materials are entered at the beginning of the process. The Ending Work‐in‐Process units are 40% complete as to conversion costs. Using the FIFO method, what are the equivalent units of production for conversion costs?
Answers
Answer:
12,280 units
Explanation:
equivalent units of conversion (under FIFO) = [units in beginning inventory x ( 1 - previous conversion rate)] + units started and completed + (units in ending inventory x conversion rate) =
units in beginning inventory = 0units started and completed = 9,800units in ending inventory = 6,200equivalent units of conversion (under FIFO) = 0 + 9,800 + (6,200 x 40%) = 9,800 + 2,480 = 12,280 units
Crystalize is a decorative glassware manufacturer. The company's production team takes 8 hours to produce 96 identical glass items. Which of the following is the labor productivity of Crystalize?A) 10 items per hour.
B) 12 items per hour.
C) 0.08 hours per item.
D) 0.09 hours per item.
Answers
_____, a term used to describe lost productivity as a result of an employee using a work computer for personal reasons, is certainly another concern technology can create.
Answers
Answer:
Cyberloafing
Explanation:
Cyberloafing is a when an employee uses their Internet access at work for personal use while pretending to do legitimate work.
An example of cyberloafing is when an employee is supposed to be entering data on Microsoft excel decides to check her Instagram
Which form does RESPA require lenders to use to detail the costs that the buyer and seller will pay at closing?
Answers
Answer:
The correct answer will be "Closing Disclosure ".
Explanation:
A Closing Disclosure seems to be a 5-page document that supplies the final information regarding your designated conventional mortgage. This covers the details of the settlement, the estimated interest payments including whether you'll pay for the mortgage in deposits as well as other costs. The applicant is expected to provide you with the Closing Notice at least 3 days on average well before the mortgage closes.Can someone help me please
The subject is math please help me
Answers
Answer:
1) 0.4
2) 0.375
3) 0.556
4) 25%
5) 58.33%
6) 150%
7) 0.3
8) 0.15
9) 1.2
10) 17/50
11) 10101/40000
12) 5 7777/10000
United States economy is considered by the Institute for Management Development to be the most competitive economy because A. of a high saving rate. B. of selected restrictions on imports from Japan and Europe. C. Americans are willing to work harder than anyone else is. D. of widespread entrepreneurship.
Answers
Answer:
D. of widespread entrepreneurship.
Explanation:
Competitive economies are not characterized by imposing restrictions on foreign trade (option B) or necessarily saving more than anyone else (option A). Even the amount of hard working citizens is not a real measure, in some Asian countries people work for 16 hours per day and earn just a few a cents (option C). What makes an economy competitive is how many new innovations and how many new businesses appear every year. They don't even have to be made by Americans, but people living in America. E.g. Apple, Google, Tesla and many others were built by immigrants that found the opportunity to succeed in America.
Bob leased an apartment for three years from the Steiners. He was never late on his rent in those three years, kept the apartment immaculate, and never caused a moment of trouble. He has recently purchased his first home and moved out of the apartment. As expected, Bob gave the Steiners sixty days’ notice he would be moving and left the apartment in perfect condition. It has been 45 days since he moved out and he's been watching for his security deposit refund to purchase a new sofa. When should he expect his security deposit refunded?
Answers
Answer:
The remaining part of the question is:
When should he expect his security deposit refunded?
1. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 21 days of Bob’s vacating the property.
2. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 30 days of Bob’s vacating the property.
3. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 14 days of Bob’s vacating the property.
4. None of the Above.
Correct Answer:
1. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 21 days of Bob’s vacating the property.
Explanation:
According to the tenancy agreement which is binding between landlords and tenants, the most logical time fora tenant to be refunded his deposit would be within 21 days of exiting the apartment. Especially, if there has been no damage on the said apartment whatsoever.
Under what type of compensation plan is the agent responsible for the costs of advertising and promotion?
Answers
Answer:
100% plan
Explanation:
The 100% plan is when the agent doesn't have a base salary and the job pay depends completely on the comission for selling products. This compensation plan provides a big earning potential and the agent is an independent contractor and would have to cover costs of advertising and promotions. Because of that, the answer is that the type of compensation plan in which the agent is responsible for the costs of advertising and promotion is the 100% plan because the agent is not considered an employee and only receives the comission and has to cover the costs associated with advertising and promotion.
Tools like Hootsuite Amplify can make running an employee advocacy program easier by allowing you to ______________.
Answers
Answer:
The answer is below
Explanation:
Tools like Hootsuite Amplify can make running an employee advocacy program easier by allowing you to perform all of the following:
1. monitor metrics like most shared content or most active advocate
2. deliver company news daily content that can be shared to advocates social networks with a single tap
3. give advocates daily updates of relevant new articles that they should share
4. monitor program participation
At Panther Lighting Fixtures,employees were asked how the quality of the company's customer service could best be measured,and management then implemented a survey system based on the feedback.The company has overcome which of the following barriers to success of control systems?
A) overemphasis on one instead of multiple approaches
B) overemphasis on paperwork
C) overemphasis on means instead of ends
D) too little employee participation
E) too much control
Answers
Answer:
D) too little employee participation
Explanation:
Since in the question, it is mentioned that the for best customer service what actions to be taken by the employees so that the quality could become better
There is a survey done i.e. depend upon the feedback
Now to overcome this, the option D is appropriate as it contains that there is too less employee participation that became the barriers for success the control system and if the employee participated is there so automatically the company could give the better customer service as compared to before
A company that controls finances in the home country and decentralizes production, sales, and marketing operations to other countries is using a ________ strategy. .
Answers
Answer:
D) multinational
Explanation:
A multinational company is that company in which the business carry out their operations in various countries. Here the parent company is based on home country while the other units of the company are located in other countries
The company that controlled their finance area in the home country and the operational activities that are related to the production, sales, marketing are decentralized
So here the company is using the multinational strategy
The medium price of a product is determined by a. competitors' price ± fudge factor. b. the customer's willingness to pay. c. the product's popularity. d. cost + markup.
Answers
Answer:
The correct option is;
a. Competitors's price + Fudge Factor
Explanation:
Product pricing consideration involve considering prices that are either high, medium range or low priced which make up the high end, middle, and low price pricing strategies
The high end pricing strategy involves finding out the amount the consumer is willing and has capacity to pay for and fixing the price at that range
The low price, pricing strategy is cost based with addition of an extra amount above the calculated cost
The medium pricing strategy is based on the competitive pricing, whereby the basis of pricing is the price of the competing product and the price of the product is the competitors price plus or minus a Fudge factor.
The competitors' price plus fudge factor determines the medium price of a product.
The medium price refers to the average price which is fixed and acceptable for exchange of goods/services produced by a firm.
The Fudge factor refers to level of amount by which a budget has been adjusted to make it seem acceptable. So, its plays a big role in determination of the average price for a product.The price of similar goods/services offered by the competitors also determines the medium price because the firm will not want to be at disadvantage in the market because of higher price levelTherefore, the Option A is correct because the competitors' price plus fudge factor determines the medium price of a product.
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Which one of the following choices best describes when a culture should be changed as rapidly as it can be managed? A. Never, because the actions and behaviors needed to execute the new strategy successfully are well entrenched, and thus are not changeable B. Only rarely, because it is natural for company personnel to cling to existing practices and to be wary of new approaches C. When a company decides on any innovations to its products or services D. When a strong culture is unhealthy or otherwise out of sync with the actions and behaviors needed to execute the strategy successfully E. When the case for cultural reform is not credible, symbolic, nor substantive
Answers
Simone started the meeting at BCD Co. by focusing the attendees on the company's current status. "We have a good product mix," she stated. "To continue to grow, we need to target more segments." Which strategic path is Simone pursuing?
Answers
Answer:
Market development
Explanation:
Market development can be described as a marketing strategy in which new market segments are identified and developed for current products of a company.
The focus of a market development strategy are the existing customers and new customers in the targeted segments that are not currently buying the products of the company.
Market development is therefore a marketing strategy that is employed when a company wants to expand its total market by making effort to promote its current product to new consumers or a new geographical area.
From the question, the statement that "To continue to grow, we need to target more segments" by Simone indicates that the strategic path Simone is pursuing is market development.
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask
Answers
Answer:
The potential buyer will ask three questions such as:
What is the likely return? What can go wrong? Is the risk worth the return?Explanation:
To determine the uncertainty including returning associated throughout a purchasing decision, the realistic decision that the prospective purchaser wants to respond to or inquire is something listed above.Because the purchaser wants to be sure concerning the possibilities acceptable to him regarding the probability of their return frequency including the uncertainties implicit throughout the returns.
Answer:
-What can go wrong?
-What is the likely return?
-Is the risk worth the return?
Explanation:
Got it right on e2020
If the first four units of a good consumed have marginal utilities of 8, 4, 2, and 1, respectively, this trend is an indication of the:________
Answers
Answer:
The law of diminishing marginal utility
Explanation:
The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines.
Marginal utility was the highest when only one unit was consumed. As consumption increased, marginal utility declined
Because both cities are located quite far from each other, a company can charge different prices in each without fear of reselling. What prices would it charge in each city
Answers
Answer :$3
Explanation:
Considering the distance between each city the company will charge $3 for the top up on each product they sell. Distance contributes to price difference for industries, as their products are being sold in different location there is usually a need to sell with an additional cost by the company to meet up with needs and adjustment caused by the divers location.
Being less dependent on suppliers and making profits on both parts and the final product are advantages of:_______.
Answers
Answer: Vertical integration
Explanation:
vertical integration is simply a situation whereby an organization's or company's supply chain is owned by that organization or company.
Therefore, being less dependent on suppliers and making profits on both parts and the final product are advantages of vertical integration.
___________ focuses on clarifying employees’ role and task requirements and providing followers with positive and negative rewards contingent on performance.
Answers
Answer:
transactional leadership
Explanation:
Transactional leadership is a style in which the leader tries to encourage its employees to perform well in their jobs by using rewards and punishments. According to this, the answer is that transactional leadership focuses on clarifying employees’ role and task requirements and providing followers with positive and negative rewards contingent on performance.
A customer who is age 75 has been taking RMDs (Required Minimum Distributions) each year from his Traditional IRA in cash. This year, he asks his representative if he can take the distribution in the form of shares of a mutual fund position in his account. He tells the representative that because it has been a bear market, the share price is depressed and rather than liquidate, he would like to take the shares into his cash account at the firm, awaiting a market rebound. You should tell him that the RMD can:____________
Answers
Answer:
Taking his RMD in form of shares in a depressed market is a good investment decision. As the price will bound back and he will make more money.
Explanation:
When a traditional IRA holder gets to the age of 72 years he is entitled to required minimum distribution payments. This is not obtainable with other IRA plans.
RMD can be taken as cash or as shares. There is not tax difference between the two options.
Normally cash is better since it is easier to get access to and the beneficiary gets the exact dollar amount.
However when there is a depressed stock market, taking RMD in shares is a better option. Shares are bought and sold when prices appreciate.
This is a better option than selling shares at the low market price.
TB MC Qu. 06-49 Radakovich Corporation has provided the... Radakovich Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Assembly $ 1,372,578 61,800 machine-hours Processing orders $ 63,235 2,010 orders Inspection $ 151,316 2,090 inspection-hours The company makes 600 units of product F60N a year, requiring a total of 1,200 machine-hours, 78 orders, and 34 inspection-hours per year. The product's direct materials cost is $49.55 per unit and its direct labor cost is $12.44 per unit. The product sells for $128.70 per unit. According to the activity-based costing system, the product margin for product F60N is: (Round your intermediate calculations to 2 decimal places.) $40,026.00 $10,920.12 $8,458.52 $10,912.40
Answers
Answer:
$8,460
Explanation:
The computation of product margin for product F60N is shown below:-
Total overhead cost = ($1,372,578 × 1,200 ÷ 61,800) + ($63,235 × 78 ÷ 2,010) + ($151,316 × 34 ÷ 2,090)
= $26,652 + $2,454 + $2,462
= $31,568
Per unit overhead cost = $31,568 ÷ 600
= $52.61
Per unit cost = Direct material + Direct labor + Overhead cost
= $49.55 + $12.44 + $52.61
= $114.60
Finally
product margin for product F60N is = (Selling price - Per unit Cost) × Number of units sold
= ($128.70 - $114.60) × 600
= $14.1 × 600
= $8,460
A business that consumes $3,000 of resources to make a product that is sold for $4,000 has earnings or ____ of $1,000. (Enter only one word per blank.)
Answers
Answer:
Profit
Explanation:
The term profit is a term used to describe financial gain. The profit is the difference between the amount of money earned on a business transaction involving the sale of an item or service, to the amount spent to produce, to procure, or the put in a function condition.
In the question, the amount consumed or spent to make the product = $3,000
The amount for which the product was sold = $ 4,000
The profit = 4,000 - 3,000 = $1,000.
A ledger account is divided into. *
2 points
2 parts
3 parts
4 parts
5 parts
14 parts
Which of the following transactions involves contra entry? *
2 points
Bank charges
Cash sales paid into the bank
Paid cash into the bank
Withdrew cash from the bank for private use
Putting it in one's pocket
The main book of account is the *
2 points
petty cash book
journal
purchases book
ledger
none of the options
The following keys are found in both the computer and typewriter except *
2 points
back space
delete key
home row keys
space bar
number lock key
Which of the following analyses cash expenses into various sub-heads? *
2 points
Double column cash book
Multiple cash book
Petty cash book
Single column cash book
Quadruple column cash book
“Continue with the preceding one” is represented with which of these symbol signs in manuscript? *
2 points
L. c
B. U. c
insert
Run on
go away
How many columns has the simplest form of a ledger? *
2 points
2
4
6
8
12
When typing a document in a hanging paragraph, the second and subsequent lines are type in how many space/s to the right of the first line? *
2 points
One
Two
Three
Five
Four
A memorandum should not contain *
2 points
date and reference
date and subject
salutation and address
name and date
subject, date and reference
The source document that is used to prepare the petty cash book is called *
2 points
invoice
debit note
receipt
petty cash voucher
cash booklet
Answers
Answer:
1) 2 parts
2) withdrew cash from Bank for personal reasons
3) ledger
4) delete key
5) petty cash book
6) run on
7) 4
8)three
9) date and subject
10) receipt
"FINRA's IPO purchase restrictions that prohibit industry personnel from buying new issues in the primary market apply to:"
Answers
Answer:
Common stock offerings.
Explanation:
FINRA is an acronym for Financial Industry Regulatory Authority. It is a non-profit agency in the United States of America, that is saddled with the responsibility of handling the licensing and regulation of broker-dealers in securities.
FINRA's initial public offering (IPO) purchase restrictions that prohibit industry personnel from buying new issues in the primary market apply to common stock offerings. The rule made by the financial industry regulatory authority (FINRA) which restrict a registered firm and its employees from buying new issues in the primary market made available by underwriters, only apply to common stock offerings (equity stocks) because the pricing of common stocks usually has a big expectation feature that is typically difficult to measure.
Additionally, the FINRA's purchase restrictions do not apply to bond or preferred stock offerings.