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2 years ago

Consider the following information carefully and do as per the instruction given under the table below.

Business

1 answer:

strojnjashka [21]2 years ago

6 0

The network diagram for the activities indicated above is given in the attached image.

<h3>What is a network diagram?</h3>

A network diagram is a graphical depiction of a project that consists of a number of connected arrows and boxes that illustrate the interdependence of the project's operations.

The activity description is represented by boxes or nodes, and the interaction between the activities is represented by arrows.

<h3>What is the use of a network diagram?</h3>

A network diagram enables a project manager to keep track of each component of a project and easily communicate its status to others.

It also provides:

visual depiction of progress for stakeholders; and
Creating project workflows.

Learn more about a network diagram:
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A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the tra

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Debit Advertising expense $400, credit accounts payable 400.

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4 years ago

Hewlett-Packard will not raise the prices of its personal computers without first considering how Dell might respond. This is ev

faltersainse [42]

Answer: interdependence

Explanation:

Price fixing - incorrect. This is an illegal practise where 2 competing companies from the same market unlawfully agree that they won't sell their goods below a specific price. Hewlett - Packard and Dell did not enter into an agreement to limit their sales prices to a specific amount.

Cutthroat competition - incorrect. This is a practise where competitors within the same market aim to cripple or even eliminate their competition, by using heavy promotion or predatory pricing techniques (setting low prices to try an remove rivals). Hewlett - Packard is not aiming to use destructive techniques to eliminate Dell, and in this case isn't even considering lowering it's prices at all.

Collusion - incorrect. This is an illegal secret conspiracy, usually committed by competitors joining forces to mislead and deceive others within or linked to the market. This doesn't apply as Hewlett Packard 's intentions not to raise prices aren't to deceive Dell and other competitors. Further Hewlett - Packard has not made a secret pact of any form with its competitors.

Interdependence - correct. Interdependence is companies relying on each other to fulfil their objectives. Hewlett Packard relies on its competitors and how they will behave to a change in prices and other economic factors. The market is quite fragile, so any change by a company could have chain - reaction level effects to other companies and its customers operating within that same market. Both companies thus need each other in order to succeed.

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4 years ago

Broad, Inc. had a beginning inventory of $50,000 and an ending inventory of $80,000. Its Cost of Goods Sold for the year was $97

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Answer:B. $1,000,000

Explanation :

Given that

beginning inventory = $50,000

Cost of Goods Sold =$970,000.

ending inventory = $80,000.

Using the formula below to find the amount of purchases , we have that

Cost of Goods Sold = Beginning Inventory + Purchases During the Period – Ending Inventory

$970,000 =$50,000+Purchases During the Period -$80,000

Purchases During the Period =$970,000 -$50,000 +$80,000

Amount of Purchases During the Period for Broad, Inc. = $ 1,000,000

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3 years ago

Which leadership skill do you feel is most important for a small business to succeed for a

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In my opinion, reliability and consistency are two of the most important leadership skills for a small business to succeed for a long time. With these two characteristics a small business can build a returning customer base as well as a good rating on review websites. For example, many local barbershops provide consistent quality haircuts which builds reliability and in turn demand and returning customers.

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2 years ago

On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Ja

Marina86 [1]

Answer:

Required 1.

Jan 1

Cash $30,000 (debit)

Capital $30,000 (credit)

Jan 2

Rent Expense $2,450 (debit)

Cash $2,450 (credit)

Jan 3

Supplies $2,200 (debit)

Accounts Payable $2,200 (credit)

Jan 4

Accounts Payable $850 (debit)

Cash $850 (credit)

Jan 5

Cash $14,940 (debit)

Fees Earned $14,940 (credit)

Jan 6

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Cash $2,050 (credit)

Jan 7

Salaries Expenses $2,000 (debit)

Cash $2,000 (debit)

Jan 8

Supplies Expense $1,100 (debit)

Supplies $1,100 (credit)

Jan 9

Capital $3,200 (debit)

Cash $3,200 (credit)

Required 2

Cash = $ 34,390 (debit)

Capital = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies = $ 1,100 (debit)

Accounts Payable = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Required 3.

Debit Credit

Cash $ 34,390

Capital $ 26,800

Rent Expense $2,450

Supplies $ 1,100

Accounts Payable $ 1,350

Fees Earned $14,940

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Totals $43,100 $43,100

Required 4.

a. Amount of total revenue recorded in the ledger = $14,940

b. Amount of total expenses recorded in the ledger = $7,600

c. Amount of net income for January = $7,340

Required 5.

Increased by $4,140

Explanation:

<u>Calculation of T - Account Balances </u>

Cash $30,000 - $2,450 - $850 + $14,940 - $2,050 - $2,000 - $3,200 = $ 34,390 (debit)

Capital $30,000 - $3,200 = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies $2,200 - $1,100 = $ 1,100 (debit)

Accounts Payable $2,200 - $850 = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

<u>Calculation of total expenses recorded in the ledger. </u>

Rent Expense $2,450

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Total $7,600

<u>Calculation of net income for January.</u>

Sales Revenue $14,940

Less Expenses ( $7,600)

Net Income / (Loss) $7,340

<u>Calculation of increase or decrease in owner’s equity for January.</u>

Net Income / (Loss) $7,340

Less Drawings ($3,200)

Change $4,140

Therefore, Owners Equity Increased by $4,140

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8 0

3 years ago