Answer and Explanation:
The journal entries are shown below:
Accounts Receivable $700
To Sales Revenue $700
(Being the sales revenue is recorded)
Cost of Goods Sold $450
To Inventory $450
(being the cost of goods sold is recorded)
Sales Revenue $175 ($700 × 1 ÷ 4)
To Accounts Receivable $175
(Being return inventory is recorded)
Inventory $110
To Cost of Goods Sold $110
(Being return inventory is recorded)
Cash $525
To Accounts Receivable $525
(being cash received)
Now the gross profit percentage is
Gross Profit Percentage 35.23%
= (Gross Profit ÷ Net Income)
= ($700 - $175 - $450 + 110) ÷ ($700 - $175)
= 35.23%
Which statement best describes one way businesses participate in the
circular flow of goods?
A. Businesses trade goods between product and resource markets.
B. Businesses provide revenue to households that sell products.
C. Businesses create goods for product markets to sell.
D. Businesses provide the labor that works in resource markets.
Businesses create goods for product markets to sell is the statement best describes one way businesses participate in the circular flow of goods. Hence, option C is correct.
What is circular flow of goods?The circular flow of goods shows the distribution of the goods and services between the production and households.
It is the never ending process of the circular flow between expenditure, income, production of goods and services.
Thus, option C is correct.
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Answer:
C. Businesses create goods for product markets to sell.
Explanation:
What are the costs and benefits to employers of being responsive to the applicant's perspective throughout the selection process?
Answer:
Selection Process is the process of finding the best fit applicant for any position in an organization.
The benefits to employees for being responsive to the applicant's perspective throughout the selection process are:
a. It helps employers to understand the mindset of the applicant. Knowing the pulse(thinking process) of an applicant is very important.
b. It helps employers to select the right applicant.
c. It keeps them in good terms with the applicants. Even if an applicant does not get selected, he will not file a suit on the employer.
The cost to employees for being responsive to the applicant's perspective throughout the selection process are:
a. Being responsive to applicant will increases the chances of applicant misusing it. Which could be costly to employer.
b. Taking care of needs of the applicant's who come for interview is a cost to the company.
c. It takes lot of time and resources for the selection process per applicant which is a cost to the company.
Ashton is working on a project at PowerTek Inc., a well-known multinational corporation. He is using capital budgeting to estimate the project's future cash flows. He finds that the present value of the estimated future cash flows is greater than the cost of the project. How likely is he to gain approval from the board? Group of answer choices
Answer: A. He will quite certainly gain approval since the project has a positive net present value.
Explanation:
The options are:
A. He will quite certainly gain approval since the project has a positive net present value.
B. Approval is probable but not likely as he failed to account for the time value of money.
C. He will not gain approval as he failed to consider whether the project is leading edge or not.
D. Approval is probable but not likely as the project has been constructed on estimates instead of facts.
Capital budgeting is used to know whether the long term investment for a particular organization's is actually worth investing in or not by the company.
Based on the scenario in the question, since the present value of the estimated future cash flows is greater than the cost of the project, Ashton will quite certainly gain approval since the project has a positive net present value.
The Graves Corporation was incorporated in 2018 and incurred a net op-erating loss of $35,000. The company’s operating income in 2019 was $47,000. Because of a downturn in the local economy, the company suffers a net operating loss of $21,000 in 2020. What is the treatment of the 2020 loss? How would your answer change if Graves were an S corporation?
Answer:
The 2018 loss was carried forward and decreased the corporation's tax liability during 2019. The 2020 loss should also be carried forward to offset any future gains and reduce future tax liabilities. A company can carry forward a loss indefinitely, since it is allowed to deduct a maximum of 80% of a future year's net income.
If this was an S corporation, it would be pass through entity that is not taxed directly, instead, the owners are taxed. Therefore, this $21,000 loss will be distributed proportionally among all the stockholders, and they must deduct their taxes independently.
Which statement best describes the economic relationship between
businesses and resource markets?
A. Businesses provide resource markets with human capital.
B. Resource markets provide the materials businesses need.
C. Resource markets sell the products businesses create.
O D. Businesses produce goods for resource markets to sell.
Answer:
B. Resource markets provide the materials businesses need.
Explanation:
A resource market is where businesses buy materials they require for the production of other goods. They are markets for inputs of production. Resource market contrast finished goods markets where customers buy consumer goods and services.
Resource markets are where businesses obtain the factor of production. Land, labor, and capital are purchased from the resource markets.
Need Help ASAP
List three (3) examples of workplace documents?
Answer:
Messages, memorandums, minutes and agendas are usually workplace documents that are prepared for internal use. That is, these documents are only used and read by people inside your organisation
Explanation:
what is some ways to help people ?
After restarting a customers complaint the employee should A. Investigate the problem B. Take actin C. Listen to the customer D. Thank the customer for the complaint
Why do countries pursue the macroeconomic goal of stable prices? O )A. Stable prices help businesses plan future economic decisions. OB. Stable prices result in a wealthier country overall O c. Stable prices create a lower per capita gross domestic product. D. Stable prices ensure that all citizens have jobs.
Answer:
A
Explanation:
Having a stable prices gives way for country to plan for future plans without any issue of inflation
Answer:
A
Explanation:
Community colleges and vocational schools offer programs in maintenance and repair.
A
True
B.
False
describes employees who are allowed to work remotely.
Networked staff
Overtime employees
Telecommuting employees
Salaried employees
Answer:
Telecommuting employees.
Explanation:
There are numerous mediums or ways of working in the corporate world. telecommunication is one such way in which the employees are allowed to work from a remote place and do not necessarily need to come to the employer's office to do work.
Telecommunication is also known as work from home, remote work, flexible work, mobile work, etc. among others. This allows the employee to work in his/ her own space, comfort zone and also need not make them go through the hassle of traveling to and back from the office. This, in return, makes it good for the company to reduce costs be it in travel allowances, office space, and other amenities, etc.
Answer:
telecommuting employees
Explanation:
got it right on my quiz
The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
Answer:
The answer should be 600
Explanation:
30x20=600
Explain two reasons why the team experienced the storming stage
Answer:
Every newly-formed team experiences the storming stage because of the usual conflicts that arise after the formation stage. Naturally, different personalities make up a team. When the personalities clash, conflict is experienced.
Another reason for the storming stage is the competition that new team members exert on the team, especially with regard to team leadership and bonding.
Explanation:
The storming stage is the second and most important stage of team development. It is marked by conflict and competition as individual personalities emerge. The stage makes or mars the team development process. After this stage, the team can then experience the three remaining stages of norming, performing, and adjourning.
The __________ is the percentage of sales leads that actually end up buying the product.
A.
Retention ratio
B.
Conversion rate
C.
Sales commission
D.
Market penetration value
Answer:
conversion rate
Explanation:
I tried to search up the answers on brainly and found it
Answer:
b.) conversion rate
Explanation:
just further confirmation
The value of Terrah's personal residence has declined significantly because of a recent forest fire in the area where she lives. The fire was a Federally declared disaster. Terrah's house suffered no actual damage during the fire, but because much of the surrounding area was destroyed, the value of all of the homes in the area declined substantially.Can Terrah take a casualty loss for the decline in value of her residence caused by the fire?__ because the decline in value of her residence ___ meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss
Answer:
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Explanation:
Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Final answer:
No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Supply-side policies have proven that smaller government makes the economy more efficient. Select one: True False
Answer:
The given statement is "False".
Explanation:
Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.ints) During 2018, Falwell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Falwell did not declare or pay any dividends during 2018.Falwell's net income for the year ended December 31, 2018, was $2.5 million. The income tax rate is 40%. Falwell granted 10,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. The options vest after one year. The market price of the common stock averaged $30 per share during 2018.What is Falwell's basic earnings per share for 2018, rounded to the nearest c
Answer: $4.34
Explanation:
The net income for diluted earnings per share will be calculated as:
Net income: $2,500,000
Less: preferred dividend: $300,000
= $2,200,000
To calculate the number of shares goes thus:
Total shares of stock options = 10,000 × 20 = 200,000 shares
Proceeds = 200,000 × $29
= $580,000
Shares of treasury stock will be:
= $580,000/$30
= 193,333 shares
Net shares added will be:
= 200000 - 193333
= 6667
Tge total shares for the diluted earnings per share will now be:
= 500,000 + 6667
= 506,667
The diluted earnings per share:
= $2,200,000/506667
= $4.34
Budgeting for Needs
Select the items that are needs from your credit card statement.
CREDIT CARD STATEMENT
Last Month
Groceries$200
Movie rentals$15
Concert tickets$120
Internet services$60
Fitness class$35
Go-kart racing$50
The items that are needed from your credit card statement are Groceries $200, Internet Services $60 and Fitness Class $35. The correct options are a, d and e.
What is a credit card?A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.
Credit cards impose the condition that cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time.
In addition to the standard credit line, the credit card issuer may also grant a separate cash line of credit to cardholders, enabling them to borrow money in the form of cash advances that can be accessed through bank tellers, ATMs, or credit card convenience checks.
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S&p enterprises has provided data from the first three months of the year. the controller has asked you to prepare the cash budget and the related schedules for expected cash collections and payments to suppliers. use the information included in the excel simulation and the excel functions described below to complete the task
Answer:
$34,600
Explanation:
Month : January ; February ; March
Cash Sales : 1600 ; 3750 ; 5100
Sales on Account : 25,000 ; 30,000 ; 40,000
Total Sales : 26,600 ; 33,750 ; 45,100
Account Receivable collections are:
Month of Sale : 15%
Month Following Sale : 60%
Second Month Following Sale : 22%
Uncollectables : 3%
Cash Collections:
January $5,500
February $18,000
March $6,000
Total Cash Collections March is $34,600
True or False: When writing a check, it is not necessary to write the amount of the check in numbers and words.
True
False
Answer:
false
Explanation:
Answer:
False
Explanation:
Becoming more efficient and minimizing start-up costs are ways to
A) Increasing net profit
B) Decreasing gross profit
C) Increasing gross profit
D) Decreasing net profit
Becoming more efficient and minimizing start-up costs are ways to Increase net profit. Thus the correct option is A.
What are startup costs?The costs involved in establishing a new firm are known as startup costs. Equipment, registration fees, insurance, and taxes are startup expenses because they are needed when a business is first started up.
The start-up costs of a business should be low as the initial level there is high risk associated with the business. To reduce the startup costs it is important to do proper research and fix a budget for particular things.
After planning and things get implemented it is important to track every operation to minimize the cost and control the functions timely to help to perform efficiently with the resources.
A business can increase its profit margins without compromising quality, sales price, or product sales by improving the supply chain, manufacturing companies, staff, and facilities used in business.
Therefore, option A is appropriate.
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explain the working mechanism of syringe with clear diagram
Pressure is used to operate a syringe. It is usually fitted with a hypodermic needle, nozzle, or tubing to help direct the flow into and out of the barrel. Plastic and disposable syringes are often used to administer medications.
Pressure is used to operate a syringe. It is usually fitted with a hypodermic needle, nozzle, or tubing to help direct the flow into and out of the barrel.
What is a syringe?A syringe is a simple reciprocating pump that consists of a plunger that fits snugly inside a cylindrical tube known as a barrel. The plunger can be pulled and pushed along the inside of the tube, allowing the syringe to take in and expel liquid or gas through a discharge orifice at the tube's front end.
A syringe is a type of pump that consists of a sliding plunger that fits tightly inside a tube. Pulling and pushing the plunger inside the precise cylindrical tube, or barrel, allows the syringe to draw in or expel a liquid or gas through an orifice at the open end of the tube. Medication is frequently administered using plastic and disposable syringes.
Therefore, the working mechanism of syringe is explained with clear diagram.
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Listeners can show interest to the speaker by _____ occasionally while listening.
nodding
both a and c
looking away
interrupting
48. What is the economic process or activity of producing goods and
services? *
O A. Entrepreneurship
B. Factors of production
O C. Production
D. Scarcity
Answer:
O C. Production
Explanation:
Production is the organized activity of combining different materials (inputs) to make consumable goods and services. It is the process of converting resources to finished products and services for sale. Production occurs to meet the demand for the goods and services in the market.
Entrepreneurship involves the generation of an idea and transforming it into a profitable business. Factors of production are the inputs necessary for making goods and services. These factors of production (inputs) are the ingredients in the production process.
common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Accountants? Check all that apply. pace determined by speed of equipment importance of repeating same tasks indoors, environmentally controlled deal with physically aggressive people telephone and electronic mail importance of being exact or accurate
Answer:
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Actors? Check all that apply.
deal with physically aggressive people
exposed to hazardous equipment
contact with others
work with group or team
Explanation:
Answer:
A, B, E, F
Explanation:
What are Logistics careers?
Timothy's company manufactures denim wear for young adults. He wants to understand how the trend is moving in this market. Which business
In his distribution value chain should he consult for the best market Intelligence regarding consumer preferences?
A. manufacturer
B. vendor
C. retailer
D. customer
E. distributor
Answer:
The actual answer is retailer
Explanation:
got it right on the test (plato user)
What is the difference between a partner and a limited (silent) partner?
Answer:
see below
Explanation:
In a partnership business with general and limited partners, the general partners act as business owners, while the limited partners behave like investors. Limited partners are silent partners. They inject capital in the business and get to share in its profits. Limited partners are not engaged in managing the business affairs and have no voting rights. They have limited liability to the debts of the partnership.
General partners make all the business decisions on behalf of the business. They vote and have the right to get involved in managing the partnership. General partners have unlimited liabilities to the obligations of the partnership.
The use of alcohol and other drugs cause you to lose your?
Answer:
liver cells
Explanation:
it eats at your inner parts of the body in prolonged use
When submitting your résumé using an online fill-in-the-blank form, why is it better to copy and paste text from your résumé, rather than re-type the text?
To eliminate the risk of typos.
Individual sections of a resume must be copied and pasted into a slot on a Fill-in-the-blank form.Because your resume should be excellent, you'll want to copy and paste as much as possible from your original resume to eliminate the risk of typos. Only use important text if necessary, and proofread thoroughly.For more information:
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