Riverbed Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2020, the corporation sells for cash 381 computers at a unit price of $2,340. On the basis of past experience, the 2-year warranty costs are estimated to be $142 for parts and $192 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2020.) The warranty is not sold separately from the computer.
Required:
a. Record any necessary journal entries in 2017.
b. What liability relative to these transactions would appear on the December 31, 2017, balance sheet and how would it be classified? In 2018, the actual warranty costs to Brooks Corporation were $21,400 for parts and $39,900 for labor.
c. Record any necessary journal entries in 2018.
Answers
Answer:
A.
Dr Cash $891,540
Dr Warranty Expense $127,254
Cr Sales Revenue $891,540
Cr Warranty Liability $127,254
B. Current Liabilities
Warranty Liability $63,627
Long-term Debt
Warranty Liability $63,627
C. Dr Warranty Liability 61,300
Cr Inventory 21,400
Cr Salaries and Wages Payable 39,900
Explanation:
A. Preparation of the journal to Record any necessary journal entries in 2017.
Dr Cash $891,540
[ (381 × $2,340) = $891,540]
Dr Warranty Expense $127,254
Cr Sales Revenue $891,540
Cr Warranty Liability $127,254
(381 *[$142+ $192])
B. Calculation for What liability relative to these transactions would appear on the December 31, 2017,
Riverbed Corporation
Balance Sheet (Partial)
December 31, 2017
Current Liabilities
Warranty Liability $63,627
($127,254/2)
Long-term Debt
Warranty Liability $63,627
C. Preparation of the journal entry Record any necessary journal entries in 2018
Dr Warranty Liability 61,300
($21,400+$39,900)
Cr Inventory 21,400
Cr Salaries and Wages Payable 39,900
Related Questions
for taxes why is deficit spending and the nation debt so crucial to pay attention to
Answers
Deficit spending and national debt are crucial to pay attention to for taxes because they can have a significant impact on a country's economy and fiscal policies, which in turn affect tax revenues and rates.
Deficit spending occurs when the government spends more money than it collects in taxes, resulting in a budget deficit. To finance the deficit, the government must borrow money by issuing bonds, which contributes to the national debt.
When the national debt is too high, it can lead to higher interest rates, inflation, and decreased confidence in the economy, which can all have negative effects on tax revenues and the ability of the government to fund its programs. Additionally, the need to service the debt can lead to higher taxes or reduced government spending in other areas, which can also impact taxpayers.
You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
Answers
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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What is the difference between final goods and intermediate goods?
Answers
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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Consider the organization you are currently working in and explain this organization from systems characteristics perspectives particularly consider objective, components (at least three) and interrelationships among these components with specific examples
Answers
Explanation:
I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."
Objective:
The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.
Components:
1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.
2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.
3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.
Interrelationships among Components:
The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:
1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.
2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.
3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.
By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.
Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components
• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.
• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications and authorize the processed/ captured applications in order to produce the cards
• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.
The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.
Quantity demanded is different from demand because _________________________.
Select the correct answer below:
A.) quantity demanded can be expressed graphically while demand cannot
B.) demand is a point on a supply-demand graph, and quantity demanded is the entire curve
C.) quantity demanded is the number of units consumers demand at a specific price, while demand is a schedule comprised of quantity demanded at different prices
D.) it increases with higher prices, whereas demand does not
Answers
It is different because of option C.) quantity demanded is the number of units consumers demand at a specific price, while demand is a schedule comprised of quantity demanded at different prices
Information regarding demand:In the case of demand, the willingness of consumers to purchase different amounts of products or services at different prices. But on the other hand, Quantity demanded, the willingness of consumers to purchase a specific quantity of a specific product or at a specific pricelearn more about the demand here: https://brainly.com/question/3331860?referrer=searchResults
a cellular phone is a phone that is cellular" How might you explain to the speaker the problem with this assertion?
Answers
Do you think teams are a valuable new management technique that will endure, or are they just a fad that will be replaced with something else in the near future?
Answers
Teams are a valuable management technique that is likely to endure, but their implementation may change as the needs of organizations and the workforce evolve.
Are teams valuable management techniques that will endure?Teams have been a valuable management technique for decades, and their popularity has only increased over time. Teams can bring together individuals with different skills and perspectives, enabling them to work collaboratively to achieve a common goal. Additionally, teams can foster innovation and creativity, as well as promote a sense of ownership and accountability among team members.
There is no reason to believe that teams will become less important in the future. In fact, with the rise of remote work and the need for organizations to be more agile and adaptable, teams are likely to become even more prevalent. However, it is possible that the way teams are managed and organized may evolve over time, as new technologies and management theories emerge.
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What are examples of Information Technology careers?
Answers
Answer:
web developer
information security analyst
product safety engineer
computer user support specialist
computer programmer
some careers in information technology are listed below;
Computer TechnicianComputer EngineerWeb MasterProgrammerData ArtchiterComputer DesignerSoftware EngineerSoftware TrainerInformation technology TeacherIT ManagerCrawford Corporation incurred the following transactions.
1. Purchased raw materials on account $46,300.
2. Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials.
3. Factory labor costs incurred were $59,900, of which $51,000 pertained to factory wages payable and $8,900 pertained to employer payroll taxes payable.
4. Time tickets indicated that $54,000 was direct labor and $5,900 was indirect labor.
5. Manufacturing overhead costs incurred on account were $80,500.
6. Depreciation on the company's office building was $8,100.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $88,000 were completed and transferred to finished goods.
9. Finished goods costing $75,000 to manufacture were sold on account for $103,000.
Requried:
a. Journalize the transactions.
b. Prepare entries for manufacturing and nonmanufacturing costs.
Answers
Answer:
No. Account Titles and Description Debit$ Credit$
1 Raw Material Inventory 46300
Account Payable 46300
(To record purchase on credit)
2 . Work in Process Inventory 29200
Manufacturing overhead 6800
Raw Material Inventory 36000
(To record acquisition of raw materials)
3 . Factory Labor 59900
Factory Wages Payable 51000
Employer Payroll Taxes Payable 8900
(To record wages and payroll taxes payable)
4 Work in Process Inventory 54000
Manufacturing overhead 5900
Factory Labor 59900
(To record direct and indirect labor)
5 . Manufacturing overhead 80500
Account payable 80500
(To record manufacturing overhead on credit)
6 . Depreciation Expense 8100
Accumulated Depreciation—Building 8100
(To record depreciation)
7. Work in Process Inventory 81000
($54,000 X 150%)
Manufacturing overhead applied 81000
( To record the application of overhead)
8 Finished Goods 88000
Work in Process Inventory 88000
(To record the goods transferred to finished goods)
9. Accounts Receivable 103000
Sales Revenue 103000
(To record sales made on credit)
Cost of Goods Sold 75000
Finished Goods Inventory 75000
(To record cost of goods sold)
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors what field of business activity does this fall under
Answers
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors .commercial industry field of business activity falls under this category.
Geographically, oceans are smaller than oceans and are usually found where land and ocean meet. Part of the ocean is usually surrounded by land. The sea is located at the edge of the sea and is partially surrounded by land.
The terms "sea" and "ocean" are often confused when talking about the sea. The ocean is usually considered a smaller body of water, partially covered by land. This often marks where the sea and land meet. Oceans generally refer to vast bodies of salty water that cover most of the earth.
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How does finance and insurance affect in our global economy?
Answers
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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Answer these four questions in complete sentences.
You may choose from the strengths covered in this activity. If you would like more options, type
"entrepreneur strengths" or "entrepreneur qualities" into your favorite search engine.
1. What are your top five strengths?
2. How will these strengths help you as an entrepreneur?
3. What are two areas of focus for you?
4. How will focusing on these areas help you as an entrepreneur?
Answers
Answer:
1ans) activator.
adaptability.
analytical.
arranger.
belief.
command.
communication.
hi yabbo daboo gama juice
Answers
Answer:
don't even know what u really saying
Outline Five Types of piracy
Answers
Principal types of piracy include:
1. end-user piracy
2. Pre-installed software
3. Internet piracy
4. Counterfeiting
5. Online auction piracy
Based on this chart, what is the marginal revenue, in dollars, at quantity three jackets?
Answers
Based on the information, the Marginal revenue at quantity 3 will be $16.
How to calculate the valueThe marginal revenue at quantity three jackets is $16. This can be found by looking at the difference between the revenue generated by selling three jackets and the revenue generated by selling two jackets. The revenue generated by selling three jackets is $48, and the revenue generated by selling two jackets is $32. The difference between these two values is $16, which is the marginal revenue at quantity three jackets.
Here is a breakdown of the calculations:
Revenue generated by selling 3 jackets = $48
Revenue generated by selling 2 jackets = $32
Marginal revenue at quantity 3 = $48 - $32 = $16
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What do you mean by rough maintenance? How it is done?
Answers
Answer:
For all your wide open spaces having a machine that is maneuverable and lightweight will make the job that much easier.
Rough maintenance is a term used for large spaces such as lawns playing golf. If a machine that is maneuverable and lightweight will make the job that much easier.
What is rough in golf?The term "rough" denotes the length (or state) of the lawn. If the grass is short or grows sparsely, there is not much of a problem. However, when the ball is partially hidden by a very deep rough, it appears to be quite difficult to hit the ball well with the head.
Strive to land in front of the green. It will be more difficult to impart some backspin into the ball when hitting from the rough as opposed to the fairway. As a result, the ball will skid or release more on the green than it would if you were hitting from the fairway.
Therefore, Large areas, like golf courses or lawns, are referred to as rough maintenance. If a machine that is portable and lightweight will simplify the task.
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what is business ?please explain about it
Answers
Answer: business can be defined as an organization dedicated to do commercial and professional activities.
Explanation:
The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.
Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.
The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.
Q10. The financing of long-term assets should be made from:
A) debt funds
B) equity funds
C) long-term funds
D) Short-term funds
Answers
The financing of long-term assets should be made from long-term funds. Thus option A is correct.
What is financing?Providing capital for investments, sales, or business endeavors is the activity of lending. Financial organizations like banks are engaged in the profession of lending money to individuals, organizations, and investors so they can fulfill their objectives.
Long-term financing includes any equity assets with a duration of further than 12 months, as well as formal and informal common stock. Major facilities like buildings as well as equipment are frequently purchased using long-term finance, and these assets frequently act as collateral for loans.
Long-term indebtedness is a typical source of funding for firms notwithstanding some hazards. Therefore, option A is the correct option.
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Describing what is the X axis?
Answers
Answer:
the principal or horizontal axis of a system of coordinates, points along which have a value of zero for all other coordinates. -dictonary
According to College policy, what is the most severe sanction for academic
misconduct?
written or verbal warning
failure of a course
expulsion from the College
expulsion from the College and legal action
Answers
According to College policy, is the most severe sanction for academic misconduct written or verbal warning.
What type of academic misbehavior is the most serious?The most serious type of academic dishonesty, contract cheating or commissioning, involves having someone else complete your work and submit it as their own. It can entail using "essay mills," dishonest businesses that charge students money to complete tasks.
What are the four offenses that constitute academic misconduct?Cheating.
Plagiarism.
falsehood or fabrication.
Sabotage.
What type of academic misconduct occurs the most frequently?The most typical form of academic dishonesty—and the one that is also the simplest to accidentally commit—is plagiarism.
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The Combined graph shows a dotted line that represents the combined production possibilities for the two countries. How must each country allocate its labor so that the red point, showing total production, is on the bend of this combined production possibilities function? Malaysia must allocate % of its labor to lumber production. Canada must allocate % of its labor to lumber production.
Answers
Malaysia must allocate -1.65 % of its labor to lumber production while Canada must allocate -1.3 % of its labor to lumber production. This is because Malaysia can produce lumber at a lower opportunity cost and each country's production possibilities curve is linear.
What is a production possibilities curve?It refers to the economic model that shows the maximum combinations of goods and services or any two categories of goods that can be produced from a fixed amount of resources.
The model of Production Possibilities Curve are used to show the tradeoffs associated with allocating resources between the production of two goods. It can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, contractions as well.
In conclusion, the importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.
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how fairness will be reflected in transparency
Answers
Fairness is an essential aspect of any organization or system. When it comes to transparency, it can play a significant role in ensuring that the system is fair and unbiased.
Transparency -Transparency can reflect fairness in several ways. Firstly, when a system or organization is transparent about its policies, practices, and decision-making processes, it allows people to have a clear understanding of how things work. This means that everyone has the same information and can make informed decisions based on that information, which can reduce the likelihood of unfair treatment or discrimination.
Fairness -Fairness is the quality of making judgments that are free from discrimination. Judges, umpires, and teachers should all strive to practice fairness.
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This chapter is all about trade--imports and exports and the balance of payments.
Answers
If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
Answers
As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:
Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.
Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.
Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.
Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.
Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.
By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.
Oki Company pays $306,200 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to
record the following costs related to the equipment.
1. Paid $25,950 cash for a new component that increased the equipment's productivity.
2. Paid $6,488 cash for minor repairs necessary to keep the equipment working well.
3. Paid $18,900 cash for significant repairs to increase the useful life of the equipment from four to seven years.
Answers
Following are the journal entries
1.Equipment A/c debited $25,950
Cash A/c credited $25,950
( new components purchased for cash)
2. Profit and loss a/c debited $6,488
Cash A/c $6,488
( cash paid for repairs)
3. Equipment A/c debited $18,900
Cash A/c credited $18,900
( repairs done to increase the life of equipment)
What are journal entries?
A journal entry is the process of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balance of a corporation lists transactions.
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3 key success factor of effective environmental risk management
Answers
Answer:
Cybersecurity studies and implementation
Security and resilience policy and procedure development
Climate adaptation and resilience planning
Using the information provided, analyze the affects of Lawry Lawn Service's transactions on the accounting equation.
May 1 Received $3,400 and issued common stock
May 3 Purchased a mower on account, $1,600
May 5 Performed lawn services for client on account $1,000
May 17 Paid $100 cash for gas used in mower.
May 28 Paid cash dividends of $700
Analyze the events chronologically, one transaction at a time. Beginning with the transaction on May 3rd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation.
Answers
Answer:
Lawry Lawn Service
Analysis of the effects of transactions on the accounting equation:
May 1:
Asset (Cash + $3,400) = Liabilities + Equity (Common Stock + $3,400)
May 3:
Asset (Cash $3,400 + Equipment $1,600) = Liabilities (Accounts Payable + $1,600) + Equity $3,400
May 5:
Asset (Cash $3,400 + Equipment $1,600 + Accounts Receivable + $1,000) = Liabilities (Accounts Payable + $1,600) + Equity $3,400 + Retained Earnings + $1,000
May 17:
Asset (Cash $3,400 - 100 + Equipment $1,600 + Accounts Receivable + $1,000) = Liabilities (Accounts Payable + $1,600) + Equity $3,400 + Retained Earnings + $1,000 -100
May 28:
Asset (Cash $3,300 - 700 + Equipment $1,600 + Accounts Receivable + $1,000) = Liabilities (Accounts Payable + $1,600) + Equity $3,400 + Retained Earnings + $900 - 700
Asset (Cash $2,600 + Equipment $1,600 + Accounts Receivable + $1,000) = Liabilities (Accounts Payable + $1,600) + Equity $3,400 + Retained Earnings + $200
Explanation:
The accounting equation reveals that each transaction that Lawry Lawn Service embarks on ensures that the two sides of the equation remain in balance. This happens immediately the two entry principle is correctly applied and the transactions posted properly. This is because every transaction affects two or more accounts, with one or two on one side and the others on the opposite side. Every transaction giving rise to an asset must be funded either from debt or equity.
Which of the following are the responsibilities of middle-level managers? (Choose every correct answer.)
Answers
To supervise workers over their day-to-day tasks. generally, middle- position directors are responsible for overseeing their brigades and workers to help a company negotiate its pretensions through design and platoon operation. They will apply programs and objects, and manage prospects with elderly- position operation.
What are the responsibilities of middle-level managers?Middle superintendences part is substantial and critical to the overall health of the association! Unfortunately, middle operation is overlooked, more frequently than not, as they're micromanaged or not allowed the capability to make opinions that lead to failures or successes. Middle directors MUST be grown, trained, chops developed, ideas allowed and trusted. Middle directors MUST be viewed as the unborn leaders of your association! Organic growth from within, and people moving through the species of the company, is the healthiest way to develop a culture from within.
Middle directors are assigned with running their departments, or divisions, and to execute the plays handed down from upper/ elderly position directors they make the business work daily. They're closest to thrills on the ground and their views, opinions, and fancies need to be taken seriously and openly by elderly leaders. Only by having a strong, stable and visionary middle operation platoon, can you look at the overall company as one which will achieve greatness.
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Which of the following is an example of smart consumer behavior?
A
seeing an item in a store and buying it on impulse
B
buying an item without researching it first
с
looking up how much an item costs from different stores
D
purchasing an item you know you don't really need
It’s a flocabulary
Answers
Hi there !
Topic - Balance sheets
What is a capital expenditure versus a revenue expenditure?
Nonsense = Reported
Please answer A.S.A.P
Thank you
Answers
Answer:
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.