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algol [13]
2 years ago
5

Rice Corp. noticed that a check written by the company for utility expense in the amount of $1,000 was incorrectly recorded by t

he bank as $1,100. What entry needs to be recorded to correct this error
Business
1 answer:
Xelga [282]2 years ago
7 0

No entry is required on the company's books.

<h3>What is a journal entry?</h3>

The date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.

Journal entries are of six main types, that is:

  • Opening Entries
  • Transfer Entries
  • Closing Entries
  • Adjusting Entries
  • Compound Entries
  • Reversing Entries

To know more about Adjusting Entries refer to: brainly.com/question/13449237

#SPJ4

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The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each addit
BartSMP [9]

The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each additional unit consumed in a given period of time describes diminishing marginal utility.

<h3>What is  diminishing marginal utility?</h3>

Marginal utility is the increase in utility as consumption is increased by one unit.

According to the law of diminishing marginal utility, as more of a product is consumed, utility increases at a diminishing rate. Economic theory suggest that consumption is maximised when marginal utility is equal to marginal revenue.

To learn more about  diminishing marginal utility, please check: brainly.com/question/13998299

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7 0
1 year ago
If a company uses $1,300 of its cash to purchase supplies, the effect on the accounting equation would be:
Over [174]

Answer:

no impact

Explanation:

The journal entry to purchase the supplies for cash

Supplies Dr $ 1,300  

   To Cash A/c  $ 1,300

(Being the purchase of supplies is recorded)

For recording this we debited the supplies as it increased the assets and credited the cash as it decreased the assets

Therefore there is no impact on the accounting equation

7 0
3 years ago
Which descriptions are examples of Logistics Planning and Management Services workers? Check all that apply.
vitfil [10]

Answer:

A,E,F

Explanation:

Brainliest Please

8 0
3 years ago
Read 2 more answers
Overzealous pursuit of wealth, pressure to exceed performance standards, and a culture that values profits more than ethical beh
Licemer1 [7]

Answer:

are the primary causes of the majority of unethical business behaviors.

Explanation:

An ethic can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides (governs) human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.

Ethical issues are mostly complicated for businesses that operate in the global economy because different cultures have different norms and values.

Generally, some of the fundamental cause of unethical business behaviors across the world are;

I. Overzealous pursuit of wealth

II. Undue pressure on employees or the management to exceed performance standards.

III. A culture that values profits more than ethical behavior.

An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.

Thus, an organization with a strong ethical climate is generally considered to have an effective, conducive, just and optimum working standards for its employees and as such would significantly increase employee trust and commitment.

3 0
2 years ago
Anyone who is at least 18 years old, a citizen of the United States, and a legal resident may vote in an election. To become a s
wlad13 [49]
I think what can be inferred is that each role has a different age scale and different requirements to become said role
4 0
2 years ago
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