professionals who take onwership of their mistakes are said to have: A: a work ethic B: integrity C:dishonesty D:ingenuity

What is the proper adjusting entry at june 30, the end of the fiscal year, based on a prepaid insurance account balance before a

blagie [28]

Debt insurance expenses 6000
Credit prepaid insurance 6000

prepaid insurance account balance after adjustment is
18,500−6,000=12,500

6 0

3 years ago

Plans in which employees can earn additional compensation in return for certain types of performance are called

ryzh [129]

Answer: D - incentive systems

Explanation: A incentive system is a system whereby rewards are offered to employees to stimulate their motivation to work.

Incentive can be monetary, non monetary, on target or career prospect. It aids employees reach and supersede their assigned duties within a limited time frame.

Incentive reward system is well appreciated by employees as it shows them that their efforts are being appreciated by their employers and thereby put in more effort to do more.

3 0

4 years ago

When economists say that money is neutral, this means that: A. a change in the money supply changes nominal variables but not

Brums [2.3K]

Answer:

B. a change in the money supply changes real variables but not nominal variables

Explanation:

Money neutrality is an economic theory that says that money supply only affects nominal varabmles but not real variables.

8 0

3 years ago

Read 2 more answers

The country of Growpaw does not trade with any other country. Its GDP is $20 billion. Its government purchases $3 billion worth

Anna [14]

Answer:

option a) 5 billion

Explanation:

Data provided in the question:

GDP = $20 billion

Cost of goods and services = $3 billion

Tax collected = $6 billion

Transfer payments to households = $2 billion

Private saving in Growpaw = $4 billion

Now,

Disposable income = GDP - taxes + transfer payments

=$20 billion - $6 billion + $2 billion

= $16 billion

Consumption = Disposable income - Savings

= $16 billion - $4 billion

= $12 billion

Thus,

Investment = GDP - consumption - government purchases

= $20 billion - $12 billion - $3 billion

= $5 billion

Hence,

the correct answer is option a) 5 billion

8 0

3 years ago

Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes a

yarga [219]

Answer:

$2,414,125

Explanation:

Preparation of a cost of goods sold budget for Pasadena Candle Inc

Pasadena Candle Inc. COST OF GOODS SOLD BUDGET For the Year Ending December 31

Finished goods inventory, January 1 $200,000

Work in process inventory, January 1 $41,250

DIRECT MATERIALS:

Direct materials inventory, January 1 $19,840

Direct materials purchases $60,4035

Cost of direct materials available for use $62,3875

Direct materials inventory, December 31 $15,500

Cost of direct materials placed in production $608,375

Direct labor $1,413,000

Factory overhead $300,000

TOTAL manufacturing costs $2,321,375

Total work in process during period $2,362,625

($41,250+$2,321,375)

Work in process inventory, December 31 $28,500

Cost of goods manufactured $2,334,125

($2,362,625-$28,500)

Cost of finished goods available for sale $2,534,125

($2,334,125+$200,000)

Finished goods inventory, December 31 $120,000

COST OF GOODS SOLD $2,414,125

($2534125-$120,000)

Therefore The cost of goods sold budget for Pasadena Candle Inc will be $2,414,125

8 0

3 years ago