sales has being overcast by 5000

Answers

Answer 1

Answer:

When sales are overcast, it means that the amount of credit sales recorded is higher than the actual amount of credit sales made.

To fix this, send the overcasted amount to the Suspense account and debit the Sales account.

Date    Account Title                                            Debit                    Credit

           Sales                                                        $5,000

           Suspense a/c                                                                        $5,000


Related Questions

If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?

Answers

Answer:

The new productivity is "29.17 boxes per hour". A further solution is provided below.

Explanation:

The given number of boxes,

= 700 boxes

After the change in the work rule,

The productivity will be:

= [tex]\frac{700 \ boxes}{3\times 8 \ hours}[/tex]

= [tex]\frac{700 \ boxes}{24 \ hours}[/tex]

= [tex]29.17 \ boxes \ per \ hr[/tex]

The first step in the human resources planning process is to __________

Answers

The first step in the human resources planning process is to forecast future human resource needs.

A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,250,000 Net sales 3,100,000 On December 31, a physical inventory determined that ending inventory of $600,000 was in the warehouse. A. Macarty's gross profit on sales has remained constant at 30%. A. Macarty suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory

Answers

Answer:

add all them and there u go

Explanation: so add 550,000 -2,50,000 + 3,100,000+600,000 -30%     hope that helps

9
Select the correct answer from each drop-down menu.
divided by the
Per capita GDP of a country is the
Reset
Next

Answers

Answer:

Total of quantity of goods produce, number of citizens

Explanation:

Those are the missing fill in the blank

Answer:

Total of quantity of goods produce, number of citizens

:

Which of the following are
examples of natural resources? (Check all that apply)
Gold
Fish
Factories
Money

Answers

Answer:

fish, gold

Explanation:

I just know trust me

A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory

Answers

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

Who is responsible for filing your federal tax return?
A. The IRS.
B. Your employer.
C. The state tax agency.
D. You.

Answers

The answer is B, your employer:)

Good Economy vs. Bad Economy:
During which economy will you find the best loan rates?

Answers

Answer:

Bad Economy

Explanation:

Lower interest rates

Your firm has been working on an advanced technology. This technology will be available in the near term. The firm anticipates the first annual cash flow from the technology to be $158,335, received three years from today. Subsequent annual cash flows will grow at 2.24% in perpetuity. What is the present value of the technology if the discount rate is 10.02%

Answers

Answer:

$908,551

Explanation:

Present value of the technology = First annual cash flow/(Discount rate-Growth rate))/Growth

Present value of the technology = ($158,335/(10.02%-2.24%))/2.24= $2,500,000

Present value of the technology = ($158,335/7.78%)/2.24

Present value of the technology = $2035154.241645244 / 2.24

Present value of the technology = $908551.000734483

Present value of the technology = $908,551

On August 24, Edward Charles offered to sell his 1967 Chevy Corvette Convertible for $150,000 to Mark Anderson. Anderson offered to pay $125,000. On August 24, Charles rejected Anderson’s offer of $125,000. On August 28, Anderson offered $150,000 for the car. Charles refused to sell and Anderson sued for specific performance of the contract. Will the court require Charles to sell the car? Use legal theories and the facts to support your answer.

Answers

Answer:

No, Charles will not be required to sell. The original deal involved $150,000, but the Anderson made a counteroffer which eliminates the original deal. Since Charles rejected the counteroffer, there is no legal obligation between both parties. If the car is going to be sold, new terms must be agreed by both parties.

Many businesses will set the ________

through their organizational leadership.


A. Human resource policies

B. Company policies

C. Morality procedures

D. Ethical Tone

Answers

Answer:

D. Ethical Tone

Explanation:

Ethical tone can be regarded as mood as well as tenor that is been set by leaders about right and wrong choices or between admirable not admirable forms of behaviour in an organization. It should be noted that Many businesses will set the Ethical Tone through their organizational leadership.

DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.

Answers

Answer:ok

Explanation:

what is the solutions of emotional differences?​

Answers

Explanation:

In the work environment there are people with different personality profiles, so some routine work-related situations can end up generating some emotional barriers in organizations, such as communication difficulties, personal conflicts, stress, anger, anguish, etc.

Therefore, some solutions can be useful to reduce the impact of emotional barriers, such as not discussing with other co-workers and seeking an assertive and ethical communication that does not disrespect the individual values ​​of each one. For managers, it is necessary to seek the development of communication skills, providing feedback so that there are no misunderstandings that can lead to conflicts.

Draw an indifference curve for an individual

showing that

a. good X and good Y are perfect complements.

b. item X becomes a bad after 4 units.

c. item Y becomes a bad after 3 units.

d. MRS is increasing for both X and Y​

Answers

Answer:

Air jordan shoe rack and pinion to be there at noon

The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is 25% each year. Times-Roman anticipates profitable operations in the future.

Answers

Question Completion:

Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in 000s) Pretax accounting income Taxable income 2018 2019 2020 S340 $320 $310 380 330 350

Required:

1. What is the balance sheet account for which a temporary difference is created by this situation?

2. For each year, indicate the cumulative amount of the temporary difference at year-end. (Enter your answers in thousands.)

3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? (Enter your answers in thousands.)

Answer:

Times-Roman Publishing Company

1. The balance sheet account for which a temporary difference is created by this situation is the Deferred Subscription Revenue.

2. Cumulative amount of the temporary difference at year-end:

December 31, ($ in 000s)               2018    2019    2020

Cumulative Temporary Difference $40      $50     $90

3. The balance in the related deferred tax account for each year:

December 31, ($ in 000s)               2018    2019    2020

Deferred Tax Asset (Liability)          $10      $2.5     $10

They are all deferred tax assets.

Explanation:

a) Data and Calculations:

December 31, ($ in 000s)               2018    2019    2020

Pretax accounting income             $340    $320    $310

Taxable income                                380      330      350

Temporary Difference                     $40       $10     $40

Cumulative Temporary Difference $40      $50     $90

Deferred Tax Asset (Liability)          $10      $2.5     $10

a) A deferred tax asset arises from the overpayment or advance payment of taxes as a result of the temporary differences between the accounting income and the taxable income.  On the other hand, a deferred tax liability arises from the underpayment of taxes as a result of the temporary differences between accounting income and taxable income.

what are the steps in the recording process

Answers

The basic steps in the recording process are (1) analyze each transaction for its effects on the accounts, (2) enter the transaction information in a journal, and (3) transfer the journal information to the appropriate accounts in the ledger.

What types of home products are manufactured in your locality? Write with examples..
please help​

Answers

Explanation:

tell me how I do this question

The kinds of the product apart from food products normally bought by customers for domestic usage could be considered as home products. A further explanation is provided below.

Products such as soap goods, home cleansers, and food packaging things, but not furniture or perhaps even equipment, as well as other similar products, typically not entirely eaten throughout one annum, are much more assurance.The household items using cotton linter encompass healthcare apparel, felt as well as paper of extremely high quality.

Learn more:

https://brainly.com/question/21370632

Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Cost of goods sold $ 92,750 Work in process inventory, January 1, 2016 23,600 Work in process inventory, December 31, 2016 18,750 Selling and Administrative Expenses 22,800 Net Income 38,500 Factory overhead 22,550 Direct materials inventory, January 1, 2016 29,400 Direct materials inventory, December 31, 2016 16,125 Cost of goods manufactured 112,450 Finished goods inventory, January 1, 2016 38,225 Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount of direct materials used?

Answers

Answer:

$28,675 = direct materials used

Explanation:

To calculate the direct material used, we need to use the following formula:

Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750

112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used

$28,675 = direct materials used

You are in the market for a used car and decide to visit a used-car dealership. You know that the Blue Book value of the car you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you do, how much are you willing to pay

Answers

Answer:

$22,000

Explanation:

In this case, both you and the dealer have the same information about the car, meaning that information is symmetrically distributed. Since the value of the car is between $20,000 and $24,000, you should be willing to pay ($20,000 + $24,000) / 2 = $22,000

If the car dealer had more information than you, then you should be willing to pay the lower price $20,000.

On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 6,286,574 1 370,000 377,194 7,194 6,293,768 2 370,000 377,626 7,626 6,301,394 3 370,000 378,084 8,084 6,309,478 4 370,000 378,569 8,569 6,318,047 5 370,000 379,083 9,083 6,327,130 6 370,000 379,628 9,628 6,336,758 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 370,000 432,132 62,132 7,264,327 39 370,000 435,860 65,860 7,330,187 40 370,000 439,813 69,813 7,400,000 Required: 1. What is the face amount of the bonds

Answers

Answer:

The face amount of the bonds is $7,400,000

Explanation:

The face value or amount of the bonds is the amount that is repaid to the bondholder at the end of the maturity period.  The face amount is usually stated on the bond certificate when issued, and the issuer of the bonds is expected to pay this amount at maturity.  The amortization schedule of the bonds shows how the interest expense and payments are made and the amortization of either premiums or discounts on the bonds.  It helps the issuer to account for the instrument over the maturity period.

The term "lifestyle brand" refers to those hotels that appeal to people purely on the basis of price.


False

True

Answers

Answer:

false these brands appeal to people by location, theme, accommodations and  etc

Explanation: brainliest plz

True


It is true because The definition of a lifestyle brand is a brand that attempts to embody the values, aspirations, interests, attitudes, or opinions of a group or a culture for marketing purposes. Lifestyle brands seek to inspire, guide, and motivate people, with the goal of their products contributing to the definition of the consumer's way of life.

(Im not 100% sure but I'm pretty sure it is true, sorry if its wrong)

An electronics manufacturer in Japan creates a strategic partnership with a
large retailer in the United States. They both invest funds into the partnership
and share in the control of the distribution and resources. The Japanese
company gets a tax advantage because of this partnership, and the U.S.
company gets an advantage because of the exclusivity agreement to carry
these electronic products. Which type of global entry strategy does this
example highlight?

Answers

Answer:

Creating a joint venture.

Explanation:

A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located. In a foreign direct investment (FDI), an investor must establish his business, factory and operations in a foreign country or acquire assets in a business that is being operated in a foreign country.

Additionally, foreign direct investment (FDI) are categorized into three (3) main types and these are;

1. Vertical FDI: it involves establishing a different business that is however similar to the main business owned by the investor.

2. Horizontal FDI: it involves establishing the same type of business in a foreign country as owned in the investor's country.

3. Conglomerate FDI: it involves establishing a business that is completely different in another (foreign) country.

A joint venture can be defined as a type of business partnership which typically involves making direct investment in a foreign country with a domestic partner. It is typically established or initiated by two or more people on mutual grounds to make profits and sharing costs.

In this scenario, an electronics manufacturer in Japan creates a strategic partnership with a

large retailer in the United States.

Thus, the type of global entry strategy which this example highlight is creating a joint venture.

documentation is necessary to establish educational accommodations. true or false​

Answers

Answer:

True

Explanation:

The correct option to the statement will be true.

When accessibility is being used when talking about disabilities, it means the support that are given to the disabled students in order for them to have the same opportunities that the non-disabled students have.

Documentation simply means the evidence or the official information which helps serve as a record.

In order to establish educational accomodations, it should be noted that documentation is very important. When there is documentation in place, the students can be given an extension that will enable them do their assignments. They can also be given notes and there can be a reduction in the number of test questions that they're given.

In conclusion, the correct option is True.

Read related link on:

https://brainly.com/question/13069161

Product safety has become a hot topic for businesses around the world. The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product

Answers

Answer:

The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product? Product safety is a key component of any business.

Explanation:

When a product is a ______, the more ______ its demand.

Answers

Answer:

oil

Explanation:

what's the context, what are the possible options for input?

The way you have the question now is super vague and unanswerable

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