ERP is associate extended version of MRP II to incorporate all core business functions and processes. MRP II was developed to expand upon MRP I, providing extra functionalities with finances and general accounting.
Demand statement for inventory needs, machine and labor capability coming up with, and quality assurance. MRP II may be a computer-based system that may produce elaborated production schedules victimization period of time knowledge to coordinate the arrival of element materials with the machine and labor availableness.
MRP II is employed widely by itself. However, it is also used as a module of additional intensive enterprise resource coming up with (ERP) systems.
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the following selected list of accounts with their normal balances was taken from the general ledger of wallace company as of december 31, 2016: common stock, $1 par wallace $ 380,000
B. Stockholders' equity totals $1,742,000, with total paid-in capital of $1,810,000
The amount that a company's founders have invested in the company is referred to as equity held by shareholders. This includes both the money they have directly invested and all of the earnings the company has made and reinvested since it was founded.
Paid-in capital, which includes the par value and any further payments, is the total amount of cash or other assets shareholders have given a firm in exchange for stock. The amount over a stock's par value is the only thing that is meant by the phrase "extra paid-in capital."
The question is incomplete. The full question is:
The following selected list of accounts with their normal balances was taken from the general ledger of Wallace Company as of December 31, 2016:
Common stock, $1 par Wallace: $ 380,000
Retained earnings: 262,000
Paid-in capital in excess of par - preferred: 70,000
Treasury Stock: 330,000
Preferred stock, $100 par: 600,000
Paid-in capital in excess of par-common: 760,000
Given the above information, at the end of 2016:
A. Total Paid in Capital is $1,480,000, and Total Stockholders' equity is $1,218,000
B. Total Paid in Capital is $1,810,000, and Total Stockholders' equity is $1,742,000
C. Total Paid in Capital is $1,480,000, and Total Stockholders' equity is $1,742,000
D. Total Paid in Capital is $2,140,000, and Total Stockholders' equity is $2,402,000
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At Mattel the marketing info system stores data on regional sales activities, promotional costs,and international inventory levels. These data are examples of external sources. FALSE
The marketing information system of Mattel maintains information on local sales activities, advertising expenses, and global inventory levels. This is a "false" claim that these statistics are examples from outside sources.
Define the term marketing info system?A marketing information system, sometimes known as a MIS, is a system for collecting, storing, processing, and disseminating crucial marketing data.
A marketing information system's input is centered on gathering pertinent internal and external data for analysis and interpretation.The definition of a marketing information system is "a continuing and interacting structure of individuals, and procedures to gather, sort, analyze, evaluate and distribute pertinent, accurate and timely information that is used by marketing decision makers to enhance their market strategy, implementation, and control."The marketing information system of Mattel maintains information on local sales activities, advertising expenses, and global inventory levels.
Thus, this is a "false" claim that these statistics are examples from outside sources.
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Which of the following is an inherent weakness of advertising?
A) It is easily duplicated
B) It is difficult to receive good feedback
C) It is difficult for the firm to control the content in a message
D) It is difficult to get media cooperation
E) It can easily lead to promotion wars among competitorsB) It is difficult to receive good feedback
An inherent weakness of advertising is that B) It is difficult to receive good feedback.
What is an inherent weakness that advertising has?Advertising refers to the marketing of a good or service to the general public or to specific customers, with the hope of inspiring those who are advertised to, to buy the good or service being advertised. Advertisement has allowed for the sale of goods and services to increase because more people will be aware of the goods or services being sold, thanks to their advertisements.
However, advertising has one major weakness which is that it is not easy to receive good feedback from an advertising campaign. This simply means that it is difficult to measure the effect an advert has had as we cannot go about finding out why a person bought a product, which makes it hard to find out if the advertisement was successful or not.
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explain why the general level of wages is high in the united states and other industrially advanced countries.
The general level of wages is higher within us and alternative industrially advanced nations thanks to the high demand for labor regarding the offer.
Wages within us and alternative industrially advanced countries square measure typically high as a result of the demand for labor in those countries is especially.
Wages within the us and alternative industrially advanced countries square measure typically high because the demand for labor in those countries is especially high compared to the conventional labor offer. The demand for labor is decided by its productivity. The larger the labor productivity, the larger the demand for it.
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dematerialization, the progressive decrease in the size and weight of a product, with a lifespan comparable to previous products, is an example of
Dematerialization, the progressive decrease in the size and weight of a product, with a lifespan comparable to previous products, is an example of Source reduction.
What is the Source Reduction?Activities aimed at reducing a product's volume, bulk, or toxicity during its life cycle are referred to as source reduction. It entails the development, production, usage, and disposal of goods with a minimal toxin content, an on their volume, and/or prolonged useful life.
The elimination of trash before it is formed is known as source reduction, commonly referred to as waste prevention and pollution prevention. To lessen the quantity or danger that is thrown away, materials and items must be developed, manufactured, purchased, or used. Stopping waste at the source implies preventing it from occurring.
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suppose a prolonged war in a country destroys 30% of the capital stock. in the long run, the price level will as .
Suppose a prolonged war in a country destroys 30% of the capital stock. In the long run, the price level will increase as oth long run and short run aggregate supply decrease.
What is capital stock?The number of common and preferred shares that a corporation is permitted to issue recorded on the balance sheet under shareholders' equity is known as "capital stock."The maximum number of shares that a corporation can ever have outstanding is equal to the quantity of capital stock.By issuing capital stock, a business can raise funds without taking on debt.The corporation loses more control, and the value of its outstanding shares is diluted when new capital stock is issued.What effect does capital stock have on price level?The aggregate supply curve is directly influenced by capital stock, so as capital stock rises, so does the aggregate supply.The aggregate supply curve's rightward shift exemplifies this scenario.As a result, output rises and the price level decreases.
Suppose a prolonged war in a country destroys 30% of the capital stock. In the long run, the price level will increase as oth long run and short run aggregate supply decrease.
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BatCo makes metal baseball bats. Each bat requires 1 kg. of aluminum at $18 per kg. and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per labor hour. Assume the actual cost to manufacture one metal bat was $40. Compute the cost variance and classify it as favorable or unfavorable. (Round Qty per unit to 2 decimal places.)
Cost variance is 7 unfavorable. An unfavorable price variation occurs when the actual cost incurred exceeds the standard cost.
How do you know if a price variance is favorable or unfavorable?A beneficial price variance occurs when the actual cost incurred is less than the standard cost. An unfavorable price variation occurs when the actual cost incurred exceeds the standard cost.Variance in accounting simply refers to the difference between budgeted and actual figures. Favorable variations are defined as higher income and reduced costs. Unfavorable variations are defined as lower income and greater costs.A favorable variance occurs when real revenue exceeds budget or actual spending exceeds budget. This is the same as a surplus, which occurs when expenditure exceeds available income.Given :
Each bat requires 1 kg of aluminum at $18 per kg
0.25 direct labor hours at $20 per hour.
Overhead is assigned at the rate of $40 per direct labor hour.
Assume the actual cost to manufacture one metal bat was $40.
Estimated cost= 18 + 0.25*20 + 0.25*40= 33
Actual cost= 40
Cost variance= 7 unfavorable.
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under a consignment arrangement, the consignor has ownership until goods are shipped to the consignee. consignee has ownership when the goods are in the consignee's possession. consigned goods are included in the inventory of the consignee. consignor has ownership until goods are sold to a customer.
Consigned goods are included in the property of the consignee. consignor has ownership until goods are sold to a customer. Ownership remains with the shipper of the goods (consignor) until the goods are actually sold to a customer.
What is Ownership ?Ownership is the state or fact of legal possession and control of property, which may be a tangible or intangible asset. A property may contain multiple rights, collectively referred to as titles, which may be owned by separate parties.Ownership is the legal right to use, own, or transfer something. Property can be tangible, such as movable or land, or can be intangible such as intellectual property.Property refers to the legal right of an individual, group, corporation, or government to own something. Objects of property are of two types: tangible and intangible. Tangible property is tangible things such as property, land, cars, books, etc.To learn more about Ownership from the given link :
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What are special interest groups and what are they trying to achieve?.
A special interest groups is the group of people with policy goals who work for specific cause within the political process.
A special interest groups is the community of the people within the larger are of the organization in which people shared the interest in advancing a specific knowledge , learning or technology. special interest groups support the candidates but do not run for the office.
Thus, it is an organization of people with the similar policy goals that tries to influence the political parties to try to achieve their goal. they are support to the particular cause. and tries to satisfy the interest.
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what information about securities must companies disclosure? discuss how hincapie should report the proposed preferred stock issue.
Federal laws mandate that publicly traded companies disclose all material financial information. Companies must disclose their analysis of their strengths, weaknesses, opportunities, and threats in addition to financial data.
What do you mean by Federal laws?Federal laws are measures that have been approved by both houses of Congress, have the president's signature, have overridden the president's veto, or have otherwise been given the go-ahead to become law.
In the United States Code, individual laws, sometimes known as acts, are organized by subject.
Acts, usually referred to as statutes, are laws adopted by a legislature. The laws passed by Congress, typically with the President's consent, are known as federal statutes.
The Constitution of the United States, which specifies the framework for the federal government of the United States as well as a number of civil liberties, is the most significant piece of codified and uncodified law in the country.
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chester, the operations manager at a chemical manufacturing company, finds that the air pollutants released by the company have become very high. to arrive at a decision to resolve the issue, he defines the problem and then identifies decision criteria. in the context of rational decision making, which of the following is the next step that chester should ideally take?
As Chester has already identified the issue of high air pollutants released by the company, in the context of rational decision-making, the next step that Chester should ideally take is b) weighing the decision criteria.
In the field of business, rational decision-making is a kind of decision-making in which the issue is first identified, a solution for it is thought and then the decision for problem-solving is then weighed.
In the scenario mentioned in the question, the problem was first identified by the operations manager, Chester. He recognized that the air pollutants released by the company were high, then he formed a decision to overcome the pollution issue. The next step according to rational decision making would be to weigh the criteria based on which he had made the decision and problem solving.
Although a part of your question is missing, you might be referring to this question:
Chester, the operations manager at a chemical manufacturing company, finds that the air pollutants released by the company have become very high. To arrive at a decision to resolve the issue, he defines the problem and then identifies decision criteria. In the context of rational decision making, which of the following is the next step that Chester should ideally take?
a) Computing the optimal decision
b) Weighing the decision criteria
c) Generating alternative courses of action
d) Making absolute comparisons
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the balanced scorecard group of answer choices does not use financial or nonfinancial measures. is based solely on nonfinancial measures. incorporates financial and nonfinancial measures in an integrated system. is based solely on financial measures.
A balanced scorecard incorporates financial and nonfinancial measures.
What are the four implementing strategies on the balanced scorecard?A balanced scorecard is a tool for strategic performance management. It's a well-structured report that managers can use to keep tabs on how the employees under their supervision are carrying out their duties and how these decisions are having an impact on the business.
A balanced scorecard is now a comprehensive approach to managing strategy, moving beyond the straightforward application of perspectives. The financial, customer, internal business, and innovation and learning frameworks form the framework of the balanced scorecard, which is used to implement strategies. The financial viewpoint questions how the company should appear to shareholders in order for the business to be financially successful.
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the smallest innervation ratio is in the single digits. so, if a specialized motor unit innervates an average size of three muscle fibers in a muscle, what muscle is this most likely to be? (hint: think about the most precise movements we need to make based on what was discussed in the class).
This means that each motor neuron will innervate just a few muscle fibers (10–100), allowing the entire muscle to move with a variety of subtleties.
Which type of motor unit is recruited first, small motor units with fewer muscle fibers or large motor units with more muscle fibers?The recruitment of smaller motor units first provides fine control. Additionally, the sluggish, fatigue-resistant fibers are innervated by these tiny neurons. Later, larger motor units are recruited, which can generate more force.
The flexor muscles of the digits have the fewest motor units, hence option C is the right response. This is because stronger innervation and finer control result from fewer motor neurons innervating a muscle fiber than those seen in option C.
When delicate control is required, small motor units are used. Each one innervates 3-5 muscle fibers. They have sensitive, tiny neurons that innervate them. The muscles in your eyes are a good example.
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When management fails to set priorities for work, employees tend to _______. A. Decide which tasks to do by flipping coins b. Schedule tasks over a reasonable period of time c. Assume each task is of equal importance d. Work on one task to completion before moving on.
When management fails to set priorities for work, employees tend to Assume each task is of equal importance.
How to set Priorities?
If setting priorities were simple, every business would be running at full capacity.
But when attempting to establish priorities for teams, various difficulties might arise.
The first problem that could arise is the use of the same firm resources—such as personnel, tools, and equipment—by multiple concurrent projects.
It makes sense that nothing will have the team members' full attention if they are each devoting 20% of their time to five separate tasks. As a result, quality suffers. Or nothing at all happens.
What are the skills of an Effective Administrator?
Here, it is understood that an administrator is someone who oversees the actions of others and assumes accountability for the accomplishment of particular goals through their efforts. According to this description, effective administration appears to depend on the technical, human, and conceptual development of three fundamental talents. Although it would be unreasonable to claim that these abilities are unrelated, there may be actual value in looking at each ability in isolation and developing it on its own.
When management fails to set priorities for work, employees tend to Assume each task is of equal importance.
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Answer: C. Assume each task is of equal importance
hope this helps <3
the bill of rights contains elements central to criminal justice. the first 10 amendments protect citizens from the state. further, there are specific protections that address the criminal justice system. for this essay, you will be asked to list and explain three of these protections. than, from these three, pick the protection that you believe is most important to the american public and explain why you believe that. in your explanation, be sure to compare it to the other three protections. this essay should be no shorter than 4 paragraphs. it is worth 30 points.
The first ten Amendments to the Constitution are known as the Bill of Rights. It outlines the rights of Americans in regard to their government. Individuals are given civil rights and liberties like freedom of speech, of the press, and of religion.
Freedom of speechFreedom of the pressFreedom of religionFreedom of assemblyRight to petition the governmentRight to bear arms Protection against housing soldiers in civilian homesProtection against unreasonable search and seizureProtection against the issuing of warrants without probable causeProtection against: trial without indictment, double jeopardy, self-incrimination, property seizureRight to a speedy trialRight to be informed of chargesRight to be confronted by witnessesRight to call witnessesRight to a legal counselRight to trial by juryProtection against: excessive bail, excessive fines, cruel and unusual punishmentRights granted in the Constitution shall not infringe on other rights.Powers not granted to the Federal Government in the Constitution belong to the states or the people.The First Amendment protects a number of rights, including the ability to urge the government to address issues, assemble or join in a group for a protest or other reason, and to use speech and the press to convey ideas. The freedom to practice one's religion is also protected. It forbids the establishment of or support for a religion by the government.The right to own and carry arms is protected under the Second Amendment.Government cannot compel home owners to grant soldiers access to their properties under the Third Amendment. Before the American Revolutionary War, laws permitted British soldiers to occupy private residences.According to the Fourth Amendment, no one's or their private property may be subject to an arbitrary search or seizure by the government.People who are accused of crimes are given certain rights under the Fifth Amendment. It specifies that a grand jury must instigate significant criminal accusations. Double jeopardy is prohibited, as is taking someone's property without providing them with just compensation.read more about Bill of Rights
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to determine the dutiable status of goods, it is necessary to know their classification, country of origin, and:
It is required to understand a product's categorization, country of origin, and value information in order to establish if it is subject to duty.
What exactly is dutiable status?The legal standing of imported commodities at the time of entrance for the purposes of adhering to the tariff and customs legislation is known as their "dutiable status."
Articles that may need the payment of customs duty are said to as dutiable. Each item has a unique duty rate, which is established by a number of variables, such as where you purchased the item, where it was manufactured, and what material it is composed of.
Where are items subject to duty kept?A bonded warehouse, often known as a bond, is a structure or other secure place where dutiable commodities may be handled, manufactured, or stored without having to pay duty. It could be run by the government or by a private company. A customs bond must be posted with the government in the latter scenario.
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which of the following statements are correct regarding the requirements to meet the economic performance test under the various ways a liability can arise? (check all that apply.)
Certain liabilities, which includes rebates, refunds, and employees reimbursement payments, may be deducted while incurred irrespective of while charge is ma is INCORRECT concerning the necessities to satisfy the financial overall performance test.
The required details for liabilities in given paragraph
A legal responsibility is some thing someone or corporation owes, normally a sum of money. Liabilities are settled over the years thru the switch of financial advantages consisting of money, goods, or services. Recorded at the proper aspect of the stability sheet, liabilities encompass loans, debts payable, mortgages, deferred revenues, bonds, warranties, and accumulated expenses. Liabilities may be contrasted with property. Liabilities consult with matters which you owe or have borrowed; property are matters which you personal or are owed. a legal responsibility is an responsibility among one celebration and every other now no longer but finished or paid for. In the arena of accounting, a monetary legal responsibility is likewise an responsibility however is greater described through preceding enterprise transactions, events, sales, trade of property or services, or whatever that could offer financial gain at a later date.
Current liabilities are normally considered short-term (anticipated to be concluded in three hundred and sixty five days or less) and non-present day liabilities are long-term (three hundred and sixty five days or greater).
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Complete question
Which of the following statements is INCORRECT regarding the requirements to meet the economic performance test under the various ways a liability can arise?
g a city makes an interest payment of $6 million on its utility fund revenue bonds that were issued to finance new sewer lines. in the utility fund statement of cash flows, the payment would be reflected as a cash flow from
In the utility fund statement of cash flows, the payment would be reflected as a cash flow from capital and related financing sources.
What is a utility fund ?A portfolio of securities from the utilities industry makes up a utility fund.Individual investors can participate in a diversified, expertly managed portfolio at a reasonable cost by purchasing shares in a fund, which reduces the risk involved with picking individual stocks. Utility funds can have a domestic or international market focus and typically represent a wide range of market capitalizations. Both traditional utility funds and exchange-traded funds (ETFs) can be classified as utility funds. Utility index funds are typically passively managed, which means that there is no management team making investment decisions. They aim to match their performance to a sector index or benchmark. Both passive and active management options are available for traditional utility funds and ETFs.In the utility fund statement of cash flows, the payment would be reflected as a cash flow from capital and related financing sources.
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Capital and related financing activities.
What is Capital and related financing activities ?The purchase and sale of capital assets, borrowing money to build, renovate, or improve capital assets, repayment of the principal and interest amounts, and paying for capital assets purchased from vendors on credit are all examples of capital and related financing activities that generate cash flow.earnings from bond sales or bond refunds, as well as other short- or long-term borrowings used to purchase, build, or renovate capital assetscapital grants that were given to the government enterprise, as well as other contributions for capital assets, are received.Making and collecting loans (apart from programme loans; see Cash Flows from Operating Activities) as well as buying and selling debt or equity instruments are included in investment activities' cash flows.Learn more about Cash flow refer to :
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FILL IN THE BLANK. the government cannot remove a product from the market simply because it is considered imminently hazardous.
False the government cannot remove a product from the market simply because it is considered imminently hazardous.
Why do you use the word "market"?Market: A process whereby things and services are exchanged as a result of contacts between sellers and buyers either immediately or through intermediaries or institutions.
What does "market" mean in business?A market is a gathering place for both buyers and sellers where they can swap goods and services. Marketplace can be real-world, like a physical store, or digital, like an online retailer. The black market, an auctions economy, and the financial sector are more examples.
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briefly explain how the federal reserve acquires assets through open-market operations (i.e., reverse-repo trades)
A reverse repurchase agreement conducted by the table, additionally referred to as a “reverse repo” or “RRP,” is a transaction wherein the table sells a security to an eligible counterparty with an agreement to repurchase that identical protection at a unique price at a selected time within the destiny.
A reverse repo is, logically sufficient, the opposite of that, wherein the bank makes a brief-time period, assured loan to the central bank. opposite repos are a sign of excess liquidity in the machine, meaning that banks have money left over after overlaying their liabilities and making an investment and lending what they're relaxed with.
A repurchase agreement (repo) is a financial transaction in which one birthday celebration sells an asset to any other birthday party with a promise to repurchase the asset at a pre-certain later date (a reverse repo is the equal transaction visible from the angle of the safety customer).
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a country in south america allows its currency to nominally float freely against other currencies, but the government has the right to intervene if it believes that the currency has deviated too far from its fair value. in this country, the value of currency is determined based on a float system.
A Dirty Float is the country, the value of currency is determined based on a float system.
A filthy float, also known as a managed float, is a floating exchange rate system run by the central bank of a nation in which there are sporadic interventions in the foreign exchange markets to affect supply and demand with the goal of reducing perceived volatility in the currency.
As indicated in the question, the Central Bank will often intervene when it thinks the exchange rate has strayed too far from its fair value. The dirty float method protects a nation's foreign exchange market from potential outside economic effects.
Thus, A Dirty Float.
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a bull market is characterized by: question 33 options: investor optimism. low returns. economic slowdown. falling stock prices. lack of growth.
Lower stock prices mean less wealth for businesses, pension funds, and individual investors.
A stock market, equity market, or proportion marketplace is the aggregation of consumers and sellers of stocks, which represent ownership claims on groups; these might also consist of securities indexed on a public stock.
The average return of the inventory market over the long term is just above 10%, as measured by way of the S&P 500 index. over the last decade, thru to March 31, 2022, the annualized overall performance of the S&P 500 became 14.
The contemporary fee is the most latest price at which safety is turned into sold on an exchange. current fee serves as a baseline for consumers and sellers. a contemporary charge is a trademark of a modern-day fee, but the real rate of the following sale can be higher or decreased depending on supply and demand.
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along with the astrolabe, compass, and other innovations listed earlier, other developments in equipment impact trade and travel. list the developments in equipment that impacted trade and travel next to the correct description
The astrolabe, which Muslim navigators refined in the 12th century, allowed sailors to gauge their distance from the equator's north or south pole. The main tool for determining direction in navigation is the compass.
Who and when made the astrolabe?Between 220 around 150 BC, Apollonius of Perga created the first astrolabe, which is frequently credited to Hipparchus. The planisphere and the dioptra were combined to create the astrolabe, which could solve a variety of astronomical issues analogously.
How do I navigate using an astrolabe?The navigator would grasp the astrolabe by the top ring in order to operate it. The instrument remained inside a vertical plane as a result. The navigator would next set the astrolabe's plane to point in the general direction of the target.
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the demand curve for labor is also question content area bottom part 1 a. the supply curve for the output labor is used to produce. b. the demand curve for the output produced with labor since the demand for labor is a derived demand. c. the marginal product of labor curve. d. the marginal revenue product of labor curve.
The demand curve for labor is also question content area bottom part, the demand curve for the output produced with labor since the demand for labor is a derived demand.
What is demand curve?A demand curve refers to a graphical representation of the relationship between the price of a goods and the quantity demanded over a period of time. In a typical representation, price is displayed on the left vertical axis and quantity demanded is displayed on the horizontal axis.A demand curve refers to a graph that shows the quantity demanded at all the prices. A demand curve is a graphical representation of a demand plan, so it is sometimes called a demand plan. Changes in factors such as average income and preferences can shift the entire demand curve left or right.This increases or decreases the quantity requested at a given price. Ceteris paribus assumption. The demand curve relates price and quantity demanded, assuming other factors remain unchanged.To learn more about demand curve from the given link :
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Lydia wants to compile a list of clients who have made purchases from her company over the past six months. The best source for this information is likely her company's
databases.
Use line charts to see data trends, typically over time (like stock price changes over five years or website page views for the month).
Which of the following is an example of primary research?Primary research examples include, Interviews (telephone or face-to-face) (telephone or face-to-face) Surveys (online or mail) (online or mail) Questionnaires (online or postal) (online or mail).Use line charts to see data trends, typically over time (like stock price changes over five years or website page views for the month). As a result, it's easy to see how one value changes in relation to another.Consider keeping them informed of your work while you create the report and including them in the process to ensure that your business report fits the needs of the target audience.The complete question is,
Which kind of question is intended to elicit the response that the survey creator desires and results in erroneous and useless information as a result?
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What is meant by high risk/high return low risk low return in investment?.
Risky investments may offer higher return opportunities than other investments, but they put your money at greater risk.
What is high-risk investment and low-risk investment?Riskier investments have the potential for greater losses, but also the opportunity for greater gains. Low-risk investments, on the other hand, are considered safer bets and usually offer lower returns. Both types of investments help you get closer to your financial goals.
What is low risk return?A low-risk investment is the purchase of an asset with a low probability of loss. Low-risk investments are less likely to suffer losses, but also less likely to generate large returns.
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in performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. oriole company enters sales and sales taxes separately on its cash register. on april 10, the register totals are sales $30,000 and sales taxes $1,500. 2. sheridan company does not segregate sales and sales taxes. its register total for april 15 is $22,260, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for each client.
The entry to record the sales transactions and related taxes for each client is :
Date Account title Debit Credit
April 10 Cash $ 31, 500
Sales revenue $ 30, 000
Sales tax payable $ 1 ,500
Date Account title Debit Credit
April 10 Cash $ 22, 260
Sales revenue $ 21, 000
Sales tax payable $ 1, 260
How to record the sales transaction?The sales amount would have to be credited to the Sales revenue account to show that the company made sales of $30, 000. Sales taxes would also need to be credited to the sales tax payable.
Then the cash account for Oriole Company would then be debited for the total of the sales and sales taxes.
The Sheridan Company will do the same thing but will have a sales tax amount of:
= 22, 260 x 6%
= $1, 260
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which of the following is not one of the twelve pillars of competitiveness? which of the following is not one of the twelve pillars of competitiveness? technological readiness. regional trade agreements. infrastructure. goods market efficiency.
Regional trade agreements are not one of the twelve pillars of competitiveness. Hence, option B is correct.
What is Regional trade agreements?A regional trading agreement is a treaty that two or more countries join to encourage the unhindered flow of goods and services across national borders. The treaty contains internal rules that signatory countries abide by among themselves.
Because they usually seek to lower trade barriers among their parties, trade agreements are significant. Larger trade flows are made possible, along with opportunities for business growth and increased customer choices.
Thus, option B is correct.
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during the year the following selected transactions affecting stockholders' equity occurred for orlando corporation: a. apr. 1 repurchased 230 shares of the company's own common stock at $39 cash per share. b. jun. 14 sold 60 of the shares purchased on april 1 for $44 cash per share. c. sept. 1 sold 50 of the shares purchased on april 1 for $34 cash per share.Prepare journal entries for each of the above transactions.
April 1
CR Cash $[tex]8970[/tex]
Treasury Stock = [tex]230 shares * $39 = $8970[/tex]
June 14
When the stock sold is higher or lower than the price it was purchased or issued for, it is credited or debited to the Additional Paid-in Capital account respectively. As the price it was sold for here was higher than what it was purchased for, the balance is credited.
Cash =[tex]60 shares * $44 = $2640[/tex]
Sept 1.
Price stock was sold for is less than the amount it was purchased so the balance will be debited to the Additional Paid-in Capital account.
Cash = [tex]34 * 50 = $1700[/tex]
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Kyle plans to buy new tires for a converted bus his family uses for camping trips. The tires are the same type used on General Motors commercial trucks and can be purchased from Industrial Tire Company. How are the tires that Kyle will buy for this bus classified?
a. as business products
b. as service products
c. as commercial products
d. as consumer products
Kyle plans to buy new tires for a converted bus his family uses for camping trips. The tires are the same type used on General Motors commercial trucks and can be purchased from Industrial Tire Company.
purchasing is the procedure a commercial enterprise or business enterprise uses to acquire goods or services to perform its dreams. although there are numerous organizations that attempt to set requirements within the shopping system, strategies can range greatly between businesses. purchasing is a part of the broader procurement procedure, which generally additionally consists of expediting, dealer exceptional, transportation, and logistics.
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