Which type of recurring transaction is typically not a good option to use for adjusting entries? Multiple Choice Scheduled Reminder Unscheduled

Answers

Answer 1

The type of recurring transaction which is typically not a good option to use for adjusting entries are unscheduled.

A payment for products or services that a consumer makes regular payments for is known as a recurring transaction. They  are the payments which happen when a client consents to give a business repetitive payments on a predetermined schedule, sometimes by credit card. Businesses may develop consistent revenue sources, save time, customer loyalty, and provide improved retail experience by implementing recurring payments.

When a company routinely and consistently deducts a consumer's payment, this is known as scheduled recurring transaction. It may be an option for any product or service that a consumer subscribes to and pays for on a regular basis.

To learn more about recurring transaction here

brainly.com/question/17447371

#SPJ4


Related Questions

A car costs $19,900 with an interest rate of 4.9%. If the car is financed over 5 years, what will the monthly payment be?

Answers

A monthly payment is a regularly scheduled payment made on a loan or debt that is typically due on the same day each month. This payment typically includes both principal and interest charges.

To calculate the monthly payment, you can use the formula:

P = (r * A) / (1 - (1 + r)^-n)

Where:

P = monthly payment

r = interest rate divided by the number of monthly payments

A = the loan amount (19,900)

n = number of monthly payments (60 months)

So, the monthly payment will be approximately:

$375.76

P = (0.0409 * 19900) / (1 - (1 + 0.0409)^-60) = 375.76

To learn more about monthly payment here:

https://brainly.com/question/15318798

#SPJ4

how does a sustainable competitive advantage differ from a competitive advantage? a. a sustainable competitive advantage has an environmental focus. b. a sustainable competitive advantage occurs when the company takes advantage of temporary periods of optimal fit between the key requirements of a market and the particular capabilities of a company competing in that market. c. a sustainable competitive advantage lasts forever. d. a sustainable competitive advantage is when a company matches a core competency to opportunities in the marketplace. e. a sustainable competitive advantage is one that competitors cannot copy in the immediate future.

Answers

A sustainable competitive advantage is distinct from a competitive advantage in that it endures forever.

Sustainable competitive advantages are a collection of assets, characteristics, or abilities that allow a company to outperform its competitors in meeting the needs of its clients. Long-lasting competitive advantages are difficult to duplicate or copy. A competitive advantage is something that offers a company an edge over its rivals, allowing it to bring in more customers and expand its market share. There are three primary categories of competitive advantages: The capacity to manufacture a good or provide a service for less money than competitors is known as a cost advantage.

What you, your business, or your department do better than anyone else constitutes your competitive edge. The phrase "sustainably" refers to your capacity to carry out certain actions over an extended period of time. And certainly, you can acquire advantages as well as have several advantages.

To learn more about sustainable competitive advantage, tap here:

brainly.com/question/5647002

#SPJ4

describe a situation in which jad would be ideal.

Answers

Consider using a shared application design if: User groups are restless and want something new instead of standard solutions to typical situation.

Organizational culture supports collaborative problem-solving behavior at several employee levels. JAD saves time because users and other key members are deeply involved in the process. The goal is to get the design right the first time, reducing multiple iterations. A JAD is typically conducted at a location separate from the location where the person concerned works. Benefits of JAD include more efficient execution of development projects and reduced costs. It also ensures better situation and improved product quality to meet stakeholder expectations.

The main purpose of using his JAD during the analysis phase is to simultaneously collect system requirements from key people involved in the system. JAD is a cheap and popular technique for discovering requirements.

JAD is used as a methodology for developing business system requirements and is typically used in the early stages of a system development project. Extract consensus-based system requirements.

Know more about application here:

https://brainly.com/question/29921638

#SPJ4

Which 2 statements are true about using a product or service on a purchase form? in QBOThe item must be an inventory type itemThe item must be added to a product categoryYou must select I sell this product/service to my customersYou must be using QuickBooks Online Plus or AdvancedYou must select I purchase this product/service from a vendor

Answers

Answer:

1) You must be using QuickBooks Online Plus or Advanced

2) You myst select "I purchase this product/service from a Vendor"

Explanation:

1) Only Plus and Advanced level subscriptions allow you to use Products and Services on purchase forms.

2) If you are buying you must check "I purchase this product/service from a Vendor" and link to and Expenses account in the chart of Accounts.

2 statements are true about using a product or service on a purchase form:

You must be using QuickBooks Online Plus or AdvancedYou must select "I purchase this product/service from a Vendor"

A product or service on a purchase form refers to the item being purchased by the customer from a company. In general, it includes the name of the product or service, description, and price. Besides, it may also include some other information like quantity, size, color, model, and specific features depending on the type of item being sold. For example, if a customer is purchasing a pair of shoes, the product details on the purchase form will include the brand, style, size, and color.

Similarly, if a customer is purchasing a service like house cleaning, the form will include the type of cleaning required, time duration, and additional charges, if any. Overall, the product or service details on a purchase form are essential to ensure the accuracy of billing and help the customer keep track of all their purchases.

Learn more about the purchase form here:

https://brainly.com/question/28155104

#SPJ12

Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.​

Answers

Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.

What is a payment from a grant?

A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.

Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.

Learn more about grants:

brainly.com/question/28040270

#SPJ1

If British interest rates are lower than those of the United States, the pound shows a forward discount which means the forward rate is less than the spot rate.
F

Answers

The pound shows a forward discount when UK interest rates are lower than US, meaning the forward rate is lower than the spot rate.

When British interest rates are lower than those of the United States, it means that the return on investment for depositors in the UK is lower compared to the US.

This causes a decrease in demand for the pound, leading to a lower value of the currency in the foreign exchange market. As a result, the forward rate (the rate at which a currency can be bought or sold for delivery at a future date) is lower than the spot rate (the current market rate at which a currency can be bought or sold immediately).

This phenomenon is known as a "forward discount" and it represents the market's expectation of the future depreciation of the pound compared to the US dollar.

To know more about forward rate  click on the link below:

https://brainly.com/question/14029507#

#SPJ11

when economists are abstracting, they are ___________.

Answers

When economists are abstracting, they are ignoring the complexities of the real world.

The generation and disemination of assets, commodities, and activities are studied by economists through data collection and analysis, trend analysis, and evaluation of economic concerns. No matter what specific field they may engage in, someone with an economics degree will discover that they can be marketable in many domains. Bachelors with economics expertise are in high demand in the worldwide work market.

Like both logic and mathematics, economics is an illustration of abstract reasoning. Experimental and practical economics are incompatible. An expensive apparatus is not required for the economist to do his research. They minimise the intricacies of the real world when they abstraction by ignoring (ideally) unnecessary aspects when conducting economic analysis.

To learn more about economists here

brainly.com/question/13199035

#SPJ4

accountants often use the terms debit and credit to indicate the effect of transactions on account balances. t/f

Answers

Accountants often use the terms debit and credit to indicate the effect of transactions on account balances, is the true statement.

What is the effect of transactions?

There is always a cause-and-effect link inherent in every transaction. For instance, a sale results in a higher balance of accounts receivable. Paying wage expenses results in a drop of cash. Because inventory is being reduced, the cost of items sold rises.

Every accounting transaction, or business transaction that must be taken into account for accounting purposes, has an impact on the basic accounting equation. The expressions composing the equation are changed as a result of each transaction in such a way that the accounting equation is satisfied after each such change.

Thus, it is the true statement.

For more information about effect of transactions, click here

https://brainly.com/question/28459351

#SPJ1

the correlation between the returns on stocks and bonds is 0.25; the sharpe ratio of the market portfolio is 0.40

Answers

The correlation of 0.25 between the returns on stocks and bonds means that there is a weak positive relationship between the two.

The correlation of 0.25 between the returns on stocks and bonds is an important metric to consider when building an investment portfolio. The correlation between two assets measures the degree of relationship between the two assets' returns. A correlation of 1 means that the two assets move in perfect tandem with each other, while a correlation of -1 means that the two assets move in perfect opposition to each other. A correlation of 0 means that there is no relationship between the two assets' returns. In this case, the correlation of 0.25 between the returns on stocks and bonds indicates that there is a weak positive relationship between the two. It means that when stocks tend to perform well, bonds tend to perform slightly better than average, but when stocks perform poorly, bonds tend to perform slightly worse than average. This type of relationship between stocks and bonds is commonly known as negative correlation, as they tend to have inverse movements. In the context of portfolio construction, having a mix of assets with low to moderate positive or negative correlations can help to reduce the overall volatility of the portfolio. This is known as diversification, and it helps to reduce the risk of the portfolio while potentially improving returns. The Sharpe ratio of 0.40 for the market portfolio is another important metric to consider when evaluating an investment portfolio. The Sharpe ratio is a measure of risk-adjusted returns, where it measures the excess return (the return of the portfolio minus the risk-free rate) per unit of standard deviation (a measure of volatility or risk). A higher Sharpe ratio means that the portfolio has a higher return relative to its risk. In this case, the market portfolio has a Sharpe ratio of 0.40, indicating that it has a higher return per unit of risk compared to a risk-free asset.

To know more about bonds:

https://brainly.com/question/29344176

#SPJ4

what conflict management norms resolve conflict openly? agreeable conflict management norms active conflict management norms passive conflict management norms

Answers

Active conflict management norms resolve conflict openly.

Active conflict management norms promote an environment where conflict is openly discussed and addressed. This allows for a more productive resolution of the conflict, as all parties involved have the opportunity to express their thoughts and feelings.

It also encourages a sense of collaboration and understanding, as each person is heard and their perspective is taken into account. This type of conflict resolution is beneficial for the overall health of a team or organization, as it allows for a more effective and efficient way of dealing with disagreements.

To know more about norms, click here.

https://brainly.com/question/15706409

#SPJ4

hich of the following statements is true? frederick taylor developed mathematical models to predict employee productivity. henri fayol is the father of management science. management science is focused on developing mathematical models.

Answers

The true statements about Henry Fayol is that he is the father of management science. The Option B is correct.

What is Henry Fayol significance in management science?

Henry Fayol, also known as the "Father of Modern Management Theory," changed the way people thought about management. He developed a broad theory that can be applied to all levels of management and departments.

Managers use the Fayol theory to organize and regulate an organization's internal activities. He also focused on improving managerial efficiency. He wrote about motivating people by inspiring initiative, commanding respect through values, and ensuring that people have the time and training they need to be happy and productive at work.

Read more about Henry Fayol

brainly.com/question/28503142

#SPJ1

Market efficiency requires all of the following EXCEPT competition between many firms O prices accurately reflect the cost/value of the product consumers have good information about their choices O governments are actively involved in directing resources

Answers

Option 2 is correct. Market efficiency requires all of the following EXCEPT:

Governments are actively involved in directing resources.

Market efficiency alludes to how much market costs mirror all suitable, significant data. In the event that markets are productive, all data is now integrated into costs, thus it is basically impossible to "beat" the market since there are no underestimated or exaggerated protections accessible.

The term was taken from a paper written in 1970 by financial expert Eugene Fama, but Fama himself recognizes that the term is a piece deluding in light of the fact that nobody has a reasonable meaning of how to impeccably characterize or exactly measure this thing called market effectiveness. In spite of such limits, the term is utilized in alluding to what Fama is most popular for, the efficient market hypothesis (EMH).

The EMH states that a financial backer can't outflank the market, and that market oddities shouldn't exist since they will quickly be arbitraged away. Fama later won the Nobel Prize for his endeavors. Financial backers who concur with this hypothesis will generally purchase record supports that track by and large market execution and are defenders of aloof portfolio the board.

Know more about Market efficiency - https://brainly.com/question/29815824

#SPJ4

with occupancy of 75 nd a property size of 50,000 sf, what is signage revenue in year 1?

Answers

Signage revenue in year 1 is determined by the number of tenants occupying the space, the size of the property, the type of signage, and the agreement between the tenant and the owner.

In this case, if we assume an average of $10/sf for signage, then the total signage revenue in year 1 would be $500,000. This can be calculated by taking the total size of the property, 50,000 sf, and multiplying it by the agreed upon rate of $10/sf. The result would be $500,000. Signage revenue in year 1 is determined by the number of tenants occupying the space, the size of the property, the type of signage, and the agreement between the tenant and the owner.This number may be different depending on the size of the signage and any other factors that may have been agreed upon between the tenant and the owner.

Learn more about signage revenue here:

https://brainly.com/question/13896556

#SPJ4

Which pathway would a lace used on the agile growth lifecycle?

Answers

A company following the agile growth life cycle would typically use the "Scale" pathway.

The Scale pathway focuses on expanding the company's reach and increasing efficiency through the implementation of repeatable processes and the creation of systems and infrastructure.

In the Scale pathway, a company seeks to standardize and streamline its operations to achieve consistent, high-quality results. This may involve the creation of processes for product development, customer acquisition, and customer service.

The goal is to increase efficiency, reduce costs, and allow for growth without sacrificing quality. Companies in the Scale pathway may invest in technology and other tools to automate and streamline processes, freeing up resources to focus on growth.

The focus on efficiency and standardization in the Scale pathway can help a company achieve sustainable, profitable growth over time.

To know more about growth life cycle click on the link below:

https://brainly.com/question/29038215#

#SPJ11

What are the performance objectives of operations and what are the internal and external benefits which derive from excelling in each of them?

Answers

The performance objectives of operations are quality, speed, dependability, flexibility, and cost. Excelling in each of these objectives can bring both internal and external benefits.

Internal benefits of high performance in operations include increased efficiency and productivity, improved product quality, and increased customer satisfaction.

External benefits include increased market share, improved brand image, and the ability to attract new customers. High quality products can lead to repeat business and customer loyalty, while dependability can increase customer trust and improve the reputation of the company.

Speed can increase competitiveness and provide a significant advantage in fast-paced industries, while flexibility can allow a company to quickly adapt to changing market conditions.

Finally, cost-effectiveness can improve profitability and competitiveness in price-sensitive markets. By prioritizing and excelling in these performance objectives, companies can achieve a range of benefits that drive business success.

To know more about price-sensitive markets click on the link below:

https://brainly.com/question/29602764#

#SPJ11

what could a financial manager look at to determine whether his company is successful or in distress? give an example of a success or distress in today's business world.

Answers

A financial manager can assess a company's success or difficulty by taking into account variables including sales growth, profit margins, return on investment, debt levels, and liquidity.

If a firm is profitable or in trouble, a financial manager can tell by looking at a few important indications. These indicators include, among others:

Revenue and profit margins: A company's performance may be indicated if it is producing positive revenue and profit margins.

Debt to equity ratio: Due to its high level of leverage and potential inability to pay back its debts, a firm with a high debt to equity ratio may be in trouble. Liquidity ratios: If a company's liquidity ratio is low, it may not have enough cash or assets to cover its obligations, which might be a sign of trouble.

Stock performance: A successful business may be indicated by a stock that is performing well. On the other hand, a corporation may be in trouble if its stock is underperforming.

learn more about financial manager here:

https://brainly.com/question/29221850

#SPJ4

agency problems are most likely to be associated with: multiple choice sole proprietorships. general partnerships. limited partnerships. corporations. limited liability companies.

Answers

agency problems are most likely to be associated with corporations. A corporation, occasionally called a pot, is a legal reality that is separate from its possessors. pots can make a profit, be tested, and can be held fairly liable. pots offer the strongest protection to its possessors from particular liability, but the cost to form a pot is advanced than other structures.

There are four general types of pots in the United States a sole procurement, a Limited Liability Company( LLC), an S- pot( S- Corp), and a C- pot( C- Corp).

To know more about corporations, visit: brainly.com/question/30029715

#SPJ4

a company reports an increase in liabilities of $100 and a decrease in stockholders' equity of $1,260. what is the amount of the change in total assets?

Answers

The total amount of change in total assets when a company reports an increase in liabilities of $100 and a decrease in stockholders' equity is $1160.

A liability is a debt that a person or business has, generally in the form of plutocrat. Through the transmission of profitable benefits like plutocrat, products, or services, arrears are ultimately satisfied.

A resource having profitable worth that a person, business, or nation possesses or controls with the stopgap that it would eventually be useful is appertained to as an asset.

The balance distance of a business lists means. They're divided into four orders palpable, fiscal, fixed, and current. They're acquired or produced in order to raise a company's value or ameliorate the operations of the company.

Learn more about Change in Assets:

https://brainly.com/question/29215874

#SPJ4

what is full employment? question content area bottom part 1 full employment is defined as a situation in which _______.

Answers

Full employment is defined as a situation in which the natural unemployment rate is equal to the unemployment rate..

Full employment is an economic scenario in which all available labour resources are utilised as efficiently as feasible. Full employment is the maximum number of skilled and unskilled workers that may be employed in an economy at any particular moment.

True full employment is an ideal—and certainly unattainable—situation in which anybody who is willing and able to work may find work, and unemployment is zero. It is a theoretical objective for economic planners to strive for rather than an observable state of the economy. In practise, economists can define multiple degrees of full employment that are linked with low but non-zero unemployment rates.

Learn more about Resources here:

https://brainly.com/question/12748073

#SPJ4

for every $30 cent spent on average on pizza in the united states, how much goes to chain pizzerias? tound to the nearest cent

Answers

For every cent spent on average on pizza on the basis of the incentives given is divided on the basis of the interest given viz. $14.7. 18% + 14% + 8% + 6% + 3% = 49%. 49% x 30 = $15 dollars average revenue for every extra pizza ordered

Average revenue is the amount earned per unit of output. In other words, it is the revenue generated by the sale of each unit of the commodity. The average revenue for a corporation is calculated by dividing the total revenue by the total output. Average revenue per unit (ARPU) is a measurement of a product's profitability based on how much money each of its users or subscriptions brings in (ARPU). It is a particularly useful indicator for companies in the media and telecoms sectors that depend on customers or users. The common formula for computing ARPU is total revenue divided by the number of units, users, or subscribers.

To learn more about average revenue refer here:

https://brainly.com/question/13383966

#SPJ4

a set of project where only one project can be accepted. they are mutually exclusive because the cash flows of one project can be adversely impacted by the acceptance of another project. Only the project with the highest NPV will be accepted.

Answers

True, the given condition is applied for mutually exclusive projects

The term "mutually exclusive projects" is widely used in the context of capital budgeting, when businesses select one project from a range of projects based on specified criteria, rejecting the remaining proposals after the selected project is accepted. A statistical term for occurrences that cannot occur concurrently is "mutually exclusive." It is frequently used to describe circumstances in which the occurrence of one event supersedes that of another. For example, it is impractical to have both war and peace. They disagree with one another as a result.

To learn more about mutually exclusive projects refer here:

https://brainly.com/question/7182132

#SPJ4

the united states government intervenes in the economy in order to a. provide competition for private firms. b. impose barriers on foreign trade. c. promote the general welfare. d. protect laissez-faire.

Answers

the united states government intervenes in the economy in order to c. promote the general welfare.

The government's priority is the general welfare of the public in order to maintain their happiness, peace, and safety. Additionally, it is frequently referred to as "public welfare," "public good," or "common good."

Social Security, Medicare, union representation and basic wage regulations, disaster relief, capital market regulation, and big attempts to stabilize the economy are among the duties we expect our federal and state governments to carry out.

The Preamble of the US Constitution states that one of its main objectives is to "advance the public welfare," demonstrating that the socioeconomic and social help issues that the populace faces, such as poverty, housing, food and nutrition security, and other issues, were of the paramount importance towards the document's authors.

Learn more about general welfare here:

https://brainly.com/question/30004359

#SPJ4

in which phase of the system development life cycle would the activity of identifying the problem(s) to be solved most likely occur? group of answer choices analysis implementation development planning

Answers

In planning phase of the system development life cycle would the activity of identifying the problems to be solved most likely occur.

The correct answer is option d.

The systems development life cycle (SDLC), a conceptual model for project management, describes the stages of an information system development project, from the first phase of a feasibility study to the continuous maintenance of the final application. SDLC may be used with technological and non-technical systems. A system, which includes both hardware and software, is frequently an IT technology. System and software engineers, development teams, end users, and project and programme managers are frequently involved in the SDLC. The new system's requirements have been defined. Plan The shortcomings in the existing system must be addressed in depth along with specific suggestions for adjustment. Other attributes stated include necessary capabilities, features, and features.

Design: A prototype of the proposed system has been made. The designs cover physical building, hardware, operating systems, programming, connection, and security issues.

Learn more about SDLC at

https://brainly.com/question/28894722

#SPJ4

northern trail outfitters has a custom quick action on account that creates a new case. how should an administrator make the quick action available on the salesforce mobile app?

Answers

A custom quick action on Northern Trail Outfitter's account generates a new Case. With the action, a unique Lightning App can be created. Compact Case page layout should be changed to reflect the activity.

In general, an administrator can make a custom quick action available on the Salesforce mobile app by using some methods:

Enable the Quick Actions feature for the Salesforce Mobile App in the setup menu.Navigate to the page layout for the object where the quick action is located (e.g., Cases) and click on the "Mobile & Lightning Actions" section.Drag the custom quick action from the "Custom Quick Actions" section to the "Mobile Quick Actions" section.Save the changes to the page layout.Check the mobile app to see if the custom quick action is now available.

To learn more about Northern Trail Outfitter's please click on below link.

https://brainly.com/question/30261501

#SPJ4

which estimates may be revised

Answers

The Correct answer is

A variety of variables that may change or need to be adjusted throughout the course of an asset's life due to internal or external forces must be evaluated in order to calculate depreciation expenditures is called Estimates.

In the event that any of these estimates are amended, the entity will have to account going forward, beginning on the date of the adjustment, for the revised estimates. Estimate changes are not adjusted for in earlier periods.The estimate change will be reported prospectively, from the date of modification to the asset's end of useful life, as it is an estimate change. The earlier-year projections are not changed. The process is quite simple to implement. Calculate the depreciation charge based on the revised estimations, as well as the asset's starting net book value (the asset's value brought forward from the prior year prior to the adjustment).

To learn more about Estimates click the link below

brainly.com/question/28521013

#SPJ4

how to find industry first shift capacity

Answers

The amount of pieces that may be produced annually with a daily eight-hour shift was known as first shift capacity. Work usually scheduled for a second shift if your shooting schedule calls for more construction than can be done during first shift.

For new goods, capacity must be purchased. The products can sometimes be built if it isn't. You can sell capacity by giving a negative number to denote the quantity you want to get rid of. On January 1st, capacity is sold for 65% of the original cost.

Tonia: In layman's words, I would state that capacity shift refers to the fact that a disabled person's capability for performing tasks is not constant. Our capacity to perform various tasks can vary depending on internal or external conditions, often at the drop of a hat.

To know more about shift capacity.

https://brainly.com/question/8332906

#SPJ4

A product cost is deducted from revenue in the period in which:The related finished goods are sold.The expenditure is made.The production of the product begins.The production process is completed.

Answers

A product cost is deducted from revenue in the period in which the related finished goods are sold.

The cost of the labour necessary to provide a service to a consumer can also be taken into account when calculating product cost as it is the final price at which the good will be sold.

Finished goods are products that have concluded the production process or have been bought already done but haven't been distributed to clients. Merchandise refers to the items that have been bought in finished form. Products that have ended manufacturing but have not yet been sold or delivered to the final consumer are referred to as finished products.

To learn more about product cost here

brainly.com/question/17313965

#SPJ4

what is the most significant negative impact of implementing mandatory overtime to cover staffing shortages?

Answers

The most significant negative impact of mandating overtime to address workforce shortages is increased stress and fatigue among employees.

What is the main drawback of mandating overtime in order to make up for personnel shortages?

The most significant negative impact of implementing mandatory overtime to cover staffing shortages is employee burnout. Working mandatory overtime can lead to fatigue, stress, and exhaustion, which can have a negative impact on employee performance and morale. Additionally, too much overtime can lead to employees feeling overworked and underappreciated, which can lead to increased turnover and decreased productivity. It can also affect employees’ family life, as they may not have enough time to spend with their families or engage in leisure activities. Finally, overtime can be dangerous to employees’ health, as it can lead to physical and mental health problems.

In short, mandatory overtime can have a negative impact on employees’ physical, mental, and emotional health and well-being, as well as the overall productivity and morale of the organization.

To learn more about mandatory overtime refer :

https://brainly.com/question/25632639

#SPJ4

buckley company started in year 1 by issuing stock for $17,600 cash. during year 1, buckley earned $13,100 of revenue on account. the company collected $6,300 cash from accounts receivable and paid $4,300 cash for operating expenses. based on this information alone, the balance in accounts receivable as of december 31, year 1 is:

Answers

Buckley company started with a cash inflow of $17,600 when it issued common stock in year 1. During the same year, it earned $13,100 of revenue on account, collected $6,300 from accounts receivable and paid $4,300 cash for operating expenses. To find the balance in accounts receivable as of December 31, year 1, you need to subtract the amount collected from accounts receivable from the amount of revenue earned on account:

Accounts Receivable balance = Revenue earned on account - Amount collected from accounts receivable

Accounts Receivable balance = $13,100 - $6,300

Accounts Receivable balance = $6,800

So, the balance in accounts receivable as of December 31, year 1 is $6,800.

Find out more about Cash

brainly.com/question/13405497

#SPJ4

a company's fiscal year-end is december 31, 2024. the following is a partial adjusted trial balance as of december 31. accounts debit credit retained earnings $21,000 dividends $2,100 service revenue 41,000 interest revenue 5,100 salaries expense 14,100 rent expense 5,100 advertising expense 2,100 insurance expense 10,100 interest expense 4,100 required: 1. prepare the necessary closing entries. 2. calculate the ending balance of retained earnings.

Answers

Prepare the necessary closing entries:

Close Service Revenue to Income Summary: Debit Service Revenue $41,000, Credit Income Summary $41,000

Close Expenses to Income Summary: Debit Income Summary, Credit Salaries Expense $14,100, Rent Expense $5,100, Advertising Expense $2,100, Insurance Expense $10,100, Interest Expense $4,100

Close Income Summary to Retained Earnings: Debit Retained Earnings, Credit Income Summary

Close Dividends to Retained Earnings: Debit Retained Earnings, Credit Dividends

Calculate the ending balance of Retained Earnings:

$21,000 + $41,000 - ($14,100 + $5,100 + $2,100 + $10,100 + $4,100) - $2,100 = $31,700

For more questions like Closing entries click the link below:

https://brainly.com/question/28199222

#SPJ4

Other Questions
my friends and i went on a road trip together last month. we had been driving on the interstate for about 45 minutes when we finally realize we are going the wrong direction! In VPython, which object can be used to create this object?myObject =(pos= vector (0, 5, 2)) When he knew that he could choose the snake he wanted "the one with copper and yellow spots or the one with red and black stripes" Henry took his time deciding.What punctuation should be used to emphasize the part of the sentence in Apostrophes? A. hyphens B. dashes C. periods D. commas Many lessor crimes do not require a grand jury, but the individual is nonetheless formally charged via a(n) ______ information How many times more material was used to build the Hoover dam than the American falls down record your answer to the nearest whole number Please Help I will Mark Brainlist its Math Question!! Examine the paragraph proof. Which theorem does it offer proof for?Segments JK and HI are parallel, segment LO intersects segment JK at point N, segment LO intersects segment HI at point M, and points N and M are between points L and O on segment LO.Prove: JNM NMIAccording to the given information in the image, segment JK is parallel to segment HI while JNM and LNK are vertical angles. JNM and LNK are congruent by the Vertical Angles Theorem. Because LNK and NMI are corresponding angles, they are congruent according to the Corresponding Angles Theorem. Finally, JNM is congruent to NMI by the Transitive Property of Equality. Alternate Interior Angles Theorem Corresponding Angles Theorem Vertical Angles Theorem Same-Side Interior Angles Theorem How do I make this sentence better? if an entity has operated profitably during the year, the income summary account (before it is closed) will have a(n) 1. Take 2 slices of soft bread. 2. Trim their crust 3. Apply butter evenly on them 4. Replace the filling (cucumber, cheese et.) 5. Place the fillings on one side of the slices. 6. Cover it with the other side. 7. Press gently and chill it for a while. Two slices of soft bread -------------. Their crust ---------------- and butter ----------------- evenly. Then the filling ---------------------. It may be cucumber, tomato slices or grated cheese. The filling ------------------- on one of the slices. It -------------------- with the other side of the bread. The sandwich ---------------------- gently and then it --------------- for a while to let it set. A woman has come to the clinic for preconception counseling because she wants to start trying to get pregnant. Which guidance should she expect to receive?a. Discontinue all contraception now.b. Lose weight so that you can gain more during pregnancy.c. You may take any medications you have been regularly taking.d. Make sure you include adequate folic acid in your diet. (1 point) if (1)=2, (5)=7, and 51()=8, evaluate the integral 51(). Find the equation of a line passing through the point of intersection of lines 2X plus 3Y equals to one and X minus Y +2 equals to zero and parallel to the line joining the points two, three and four, five. what type of seismic movements destroy buildings the most? MIRANDA: Mi hermana Ana enter answer (tomar / nadar) lecciones de canto (singing). SIMN: Qu coincidencia! Yo tambin enter answer (tomar / mirar) lecciones de canto. Y yo enter answer (llegar / bailar) muy bien tambin. MIRANDA: Yo no enter answer (escuchar / tomar) lecciones de canto porque enter answer (escuchar / nadar) en el equipo (team) de la universidad y enter answer (usar / practicar) mucho. Mis hermanos Mario y Sal enter answer (regresar / estudiar) en la universidad tambin. SIMN: Yo no enter answer (estudiar / necesitar) en la universidad. enter answer (Trabajar / Esquiar) en un restaurante. T enter answer (trabajar / esquiar)? MIRANDA: No, yo enter answer (mandar / necesitar) mucho tiempo (time) para estudiar y nadar. a ferrous supperalloy (410) cable has 28 mm original diameter and 25 m original length. this cable is designed to pull an elevator up at a constant speed Why did the author of TEARS OF A TIGER write in first person.What would have made a differences if it was written from a different viewpoint.(PLEASE HELP PEOPLE THAT HELP.) a car goes from 0 to 60 mph in 7.0 seconds. if it could maintain this acceleration at higher speeds, how long would it take the car to go from 0 to 120 mph? Fil in the blank Social Studies. 2. The 1860 __________ counted over 200,000 Texans. An industry based on which of the following would most likely take advantage of lower costs in some less developed foreign countries?a. assembly line productionb. specialized professional servicesc. nuclear missile programsd. development of more sophisticated computer technology