If Vander Company uses the periodic inventory system and the gross method of accounting for sales, the journal entry on September 12 is as follows:
Journal Entry:September 12:
Debit Accounts Receivable $7,600
Credit Sales Revenue $7,600
To record the sale of goods with credit terms of 2/10, n/30.What is a periodic inventory system?A periodic inventory system does not record the cost of goods sold or maintain an inventory account for inventory transactions until the end of the period.
Under the periodic inventory system, the cost of goods sold is determined in the income statement as the beginning inventory + purchases - ending inventory.
Thus, there are no accounts for the cost of goods sold and inventory because inventory purchased is recorded in the purchases account instead of the inventory account.
Transaction Analysis:Accounts Receivable $7,600 Sales Revenue $7,600
Terms 2/10, n/30.
Thus, if Vander Company uses the periodic inventory system and the gross method of accounting for sales, the journal entry is a debit to the Accounts Receivable account and a credit to the Sales Revenue account for the credit sales only.
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Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?.
what was your favorite movie ever?
What was the last book you read?
Do you believe in aliens?
What is your star sign?
What is the best gift you've ever given someone?
Would you rather spend the day inside or outside?
Do you shower at night or in the morning?
Assume that labor and capital are the only two inputs a perfectly competitive firm uses to produce wheat. The firm hires its inputs in perfectly competitive input markets. The unit price of labor is $8 and of capital is $20. When the firm employs the profit-maximizing combination of these two inputs, the marginal product of labor is 2 tons of wheat and of capital is 5 tons of wheat. The price of wheat per ton must be
The price of wheat per ton must be $4 when profit-maximizing combination is employed.
What is Price?This is defined as the amount of money that has to be paid to acquire a given product.
To get the price per ton for the company to make profit, we find the ratio of the unit price of labor to the marginal product of labor.
$8 / $2 = $4.
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Use the drop-down menus to complete the statements. inflation is a measure of how prices . disinflation occurred . the inflation rate was about in 2014. overall, prices declined .
Inflation, Disinflation, and Deflation are related economic terms, as inflation measures price increase, Disinflation is inflation at a slower rate, and the inflation rate in 2014 was 1.5%
What are Inflation, Disinflation, and Deflation?Inflation is the goods and services price increase, Disinflation is the same as inflation but at a slower pace, and Deflation is a decrease in the price of goods and services.
Inflation is measured by an increase in pricesDisinflation occurs when inflation occurs at a slower pace in the short run. it occurred between the years 2008 and 2009.The inflation rate in 2014 was about 1.5% in the United States. In 2009 there was a decline in inflation.Therefore, the above option aptly describes inflation, Disinflation, and Deflation.
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Answer:
Use the drop-down menus to complete the statements.
Inflation is a measure of how prices
✔ increase
.
Disinflation occurred
✔ between 2008 and 2009
.
The inflation rate was about
✔ 1.5 percent
in 2014.
Overall, prices declined
✔ in 2009 only
.
Explanation:
seedbed preparation
activities
1.cleared the area
oh your a rapper, huh?
rhyme orange with banana
Answer:
I'm not a rapper- but a writer.
Explanation:
So I shall try ^-^
I'm nothing small,
I'm nothing shy.
I like oranges, nanana,
You like bananas.
We're not the same,
we're nothing close.
Wow thats so bad.
Which of the folloiwng is an example of direct finance?
A) an individual applies for a mortgage through a mortgage bank
B) a muncicipality sells muncipal bonds to investors
C) an individual deposits funds into a savings account at his credit union
D) a small business opens a line of credit form a commerical bank
Answer:
i believe the answer is B) a muncicpiallity sells muncipal bonds to investors.
Explanation:
I hope this is correct and it helps you!
-Justin:)
Answer:
B.
Explanation:
Just took the test.
A number of accidents on the job leading towards disability involve the.
From research it has been discovered that a number of accidents on the job leading towards disability involve the hands.
What are job accidents?
These are the accidents that arise in the work place. These accidents are known to take place due to faults of the operator or the machines that are being operated.
Most of these types of accidents are caused by the hands of the operator who is at work.
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David realizes that he needs money to start a bookstore. If he decides to
obtain funds through debt financing, what will his company have to do?
A. Collect government sales tax
B. Pay its workers
C. Pay funds to more than one owner
D. Pay loans
If David decides to obtain funds through debt financing, the company would have to D. Pay loans.
What happens when debt financing is used?When a company uses debt financing, it means that they are borrowing money from institutions and investors in the form of loans.
As time goes on, they will have to pay back these loans which includes the amount they borrowed and some interest.
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We have discussed at least two reasons for banks to exist, both of which imply that banks are somehow special, or perform a unique function for the rest of the financial society/world. Explain, in detail, the rationales developed by Fama, and by Diamond in their ground breaking papers. The best answers will quote extensively from the papers.
The reasons for banks to exist according to Fama is that offer interests to customers and financial advice.
What is a bank?It should be noted that a bank simply means a financial institution that accepts deposit from the public.
In this case, banks are somehow special, or perform a unique function for the rest of the financial world. The reasons for banks to exist according to Fama is that offer interests to customers and financial advice.
They also lend money to firms and keep money safe for the customers.
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Which type of cooperative organization would attract people who needed help preparing their income tax returns?.
The service cooperative is the type of cooperative organization would attract people who needed help preparing their income tax returns.
What is a service cooporative?This is a coorperative or a consumer organization that are engaged in the fulfilling of needs that exists in a society.
Finance , utility and housing coorperaives are examples of this type of cooperative.
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Product differentiation makes the demand for a monopolistically competitive firm's product: a. perfectly elastic. b. more elastic than for a monopoly. c. more inelastic than for a monopoly. d. perfectly inelastic
A UCF graduate has two job offers. Job 1 pays $35,100 with a $5,000 non-taxable benefit, while Job 2 pays $34,900 and has a $5,700 non-taxable benefit. What is the PRE-TAX value of each job assuming the g
Answer:--
Job 1: $41,944 Job 2: $42,717
Explanation:
-Job 1: $40,225 Job 2: $39,802
-Job 1: $42,382 Job 2: $41,706
-Job 1: $41,944 Job 2: $42,717
-Job 1: $43,444 Job 2: $42,917
The pre-tax value of each job assuming the graduate is in a 28% marginal tax bracket is Job 1: $41,944 Job 2: $42,717. Option (c) is correct.
What is Pre Tax value?Earnings before taxes, often known as pre-tax, refer to your annual income after expenses have been paid but before taxes have been subtracted. A more accurate view of your company's financial status is provided by calculating pre-tax income.
Pretax Income = Gross Revenue – Operating, Depreciation, and Interest Expenses + Interest Income
Gross revenue includes all revenues generated by the business.
Operating expenses include deductions due to depreciation, amortization, and interest expenses.
Pre-tax deductions occur when a company takes money out of an employee's paycheck to pay for benefits before taking money out to pay taxes.
Therefore, Option (c) is correct.
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Your question is incomplete, the complete question is ;
A UCF graduate has two job offers. Job 1 pays $35,000 with a $5,000 non-taxable benefit, while Job 2 pays $34,800 and has a $5,700 non-taxable benefit.
What is the PRE-TAX value of each job assuming the graduate is in a 28% marginal tax bracket? (Round to the nearest dollar)
-Job 1: $40,225 Job 2: $39,802
-Job 1: $42,382 Job 2: $41,706
-Job 1: $41,944 Job 2: $42,717
-Job 1: $43,444 Job 2: $42,917
A pollution charge gives the trucking industry an incentive to reduce its emissions, as long as the ___ of reducing the emissions is ___ .
A pollution charge gives the trucking industry an incentive to reduce its emissions, as long as the marginal cost of reducing the emissions is less than the tax.
What is a negative externality?
Pollution consistutes a negative externality. This is because the cost of pollution is greater than its benefits to third parties not involved in the activity that generates the population. A way to reduce pollution is to enact a pollution charge.
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Ahmir agrees to purchase a shipment of oriental rugs from oriental rug company for the price of $50,000, to be delivered on august 15. on july 15, ahmir notifies oriental that he no longer wants to purchase the rugs. oriental spends $1,000 to advertise the rugs and obtains a new purchaser who buys the rugs for $40,000. oriental then sues ahmir for breach of contract. if oriental is successful in its breach of contract suit against ahmir, oriental may receive:
Assuming a new purchaser who buys the rugs for $40,000. if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.
Breach of contractUsing this formula
Amount to received from Ahmir=Initial price+Cost of advertisement -new selling price
Where:
Initial price=$50,000
Cost of advertisement=$1,000
New selling price=$40,000
Let plug in the formula
Amount to received from Ahmir=$50,000+$1,000-$40,000
Amount to received from Ahmir=$11,000
Inconclusion if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.
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Morgan Company issued convertible preferred stock. What additional special feature(s) could also have been granted to preferred stock holders
Answer:
The right to convert the shares to common shares and The right to redeem the preferred shares for cash.
Explanation:
The ability to exchange shares for common shares, as well as the ability to exchange preferred shares for cash.
What is convertible preferred stock?Convertible preferred stocks are preferred shares with an option for conversion into a specific number of common shares at a later time.
These shares are corporate fixed-income instruments, and the investor may decide to convert them into a particular number of shares of the company's common stock at a later date or after a specified period of time.
An investor can receive a stream of income as well as potential "upside" benefits by purchasing convertible preferred stock. At the predetermined date and conversion ratio, it may be converted into the company's common stock. This is a favorite stock attribute that attracts investors.
Thus, the ability to exchange shares for common shares.
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At work, Mario was trying to show Jenessa the new procedure for stocking the shelves. Jenessa kept working as he explained and quickly became frustrated because Mario kept telling her she was doing it wrong. What could Jenessa have done first to be a better active listener?
She could have read the employee memo that explained the new procedure.
She could have asked clarifying questions to make sure she understood.
She could have stopped what she was doing to give Mario her full attention.
She could have restated what he said in her own words.
Answer:
She could have stopped what she was doing to give Mario her full attention.
Answer:
C, she could have stopped what she was doing to give Mario her full attention.
Explanation:
Good luck on your test:)
Tariffs help increase market security for traders and investors?
True Or False
Answer:
The answer is true.
Explanation:
They help import and export goods and they are like a safeguard.
In a Cournot oligopoly with N-number of firms and identical marginal costs, if the number of firms decreases because firms exit, we know that the markup of price over cost will Group of answer choices increase. decrease. stay the same. unknown for lack of other information.
If the number of firms in a Cournot oligopoly decreases because firms exit the market, the markup over price will most likely stay the same.
What would happen to the price if firms exited a Cournot oligopoly?If firms exited the Cournot oligopoly, and the number of firms decreased, the remaining firms will increase their production levels to get to the previous levels.
This will mean that the price in the market will not change because the quantity supplied will remain the same.
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Does compound interest have more of an impact for short-term investments or long-term investments? Why?
Answer:
Compound interest is important when it comes to investing for a long-term goal because it accumulates interest from prior interest. Longer the term, the more you accumulate interest through compound interest. In the short term, you will not be making enough interest for the compounded interest to be as significant.Explanation:
Compound interest has more of an impact on short-term investments or long-term investments is not a valid statement.
What is the investment?A purchase made with the intention of creating income or capital growth is known as an investment. The value of an item increasing as time passes is referred to as appreciation.
Compound interest is significant when it comes to long-term investing since it builds on earlier interest. The longer time you have, the more curiosity you will accrue due to interest compounding. You won't be earning enough money in a hurry for the phenomenon of compound interest to have much of an impact.
Net worth increases more quickly due to compound interest. Due to the fact that you will receive rewards on both the cash that invest and the returns at the conclusion of every phase of compounding, it causes an amount of money to increase quicker than with simple interest.
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A prime example of a Special Economic Zone, located adjacent to Hong Kong, is the city of Group of answer choices Guangzhou Beijing Shenzhen Chengdu Shanghai
The city of Shenzhen is a prime example of a Special Economic Zone that is located adjacent to Hong Kong,
What is a Special Economic Zone?These are zones that serves as an area of business and trade which are different from the rest of the country.
Some other examples of a Special Economic Zones includes Shannon Airport in Ireland, Dubai South in UAE, Xiamen in China etc
Therefore, the Option C is correct.
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Which type of credit involves a set limit based on what a consumer pays up front?
Loans
Installment credit
Secured credit cards
Unsecured credit cards
Answer:
Secured credit cards
Explanation:explanation: Secured credit cards refer to credit cards that offer credit secured by a cash deposit from the cardholder. The deposit secures the card issuer from loss in case the cardholder is unable to cover the debt.
Answer:
Secured credit cards
Explanation:
When creating video marketing content on a budget, what is the first thing you should consider doing?
Answer:Shooting as much as you can and culling it later
Explanation:
What is the main function of a business?
The four utilities offered to consumers through retailing are:.
Genera 5
3
Select the correct answer.
Which relationship is possible when two tables share the same primary key?
O A one-to-one
ОВ.
one-to-many
OC. many-to-one
OD. many-to-many
Reset
Next
Question:
Which relationship is possible when two tables share the same primary key?
Explanation:
One-to-one relationship.
i make 100,000 a day but i need more how can i get more without customers getting mad??
Answer:
Just work hard and be fast
Explanation:
Just work and be fast! People at the back wont get mad because you are a hardworking/fastworking man/woman!
Answer:
be nice and work hard
Explanation:
Money encourages specialization by decreasing the .
Money encourages specialization by decreasing the exchange cost.
The correct option is B.
What is the exchange cost?Exchange cost is the price by which the product is exchanged between the customer and seller.
Money eliminates the double coincidence of desires, allowing for greater specialization and productivity.
As a result, money enables us to make better use of our limited resources by allowing us to generate more in the same number of resources.
This aids in the reduction of scarcity.
Thus, B is the correct option.
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Which advantage of incorporating is most applicable? What are other advantages of organizing as a corporate entity? First answer which advantage of incorporating is most applicable in protecting Bob's personal assets?
1) One advantage of incorporating that is most applicable in protecting Bob's personal assets is liability protection.
2) Other advantages of organizing as a corporate entity include:
Use of professional managersBusiness security and continuityEasier access to capital.What is liability protection?Liability protection refers to the protection offered to members of an incorporated entity, unlike an unincorporated entity.
Members of an incorporated entity enjoy limited liability because their personal assets cannot be used to settle the liability of the corporation.
Thus, one advantage of incorporating that is most applicable in protecting Bob's personal assets is a limited liability or liability protection.
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what is financial statement?
Answer:
Financial statements are a collection of summary-level reports about an organization's financial results, financial position, and cash flows. They include the income statement, balance sheet, and statement of cash flows.