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3 years ago

Immediately upon receipt of cash, a responsible employee should

Business

1 answer:

Ulleksa [173]3 years ago

6 0

Answer:

B. Prepare a listing of remittances

Explanation:

The employee receives a cash receipt only when some expense is incurred on behalf of the company. This clearly validates that as soon as the receipt is received the listing of remittances shall be prepared.

This listing basically signifies that all the expenses shall be paid off, as incurred on behalf of company, or any kind of bill is pending for payment of goods acquisition, then it shall be paid off, and entered in the list where all remittances has to be made.

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Journalize the following selected transactions for January. Journal entry explanations may be omitted.

ludmilkaskok [199]

Answer:

Jan. 1 Received cash from the investment made by the owner, $14,000.

Dr Cash 14,000

Cr Capital, owner 14,000

Jan. 2 Received cash for providing accounting services, $9,500.

Dr Cash 9,500

Cr Service revenue 9,500

Jan. 3 Billed customers on account for providing services, $4,200.

Dr Accounts receivable 4,200

Cr Service revenue 4,200

Jan. 4 Paid advertising expense, $700.

Dr Advertising expense 700

Cr Cash 700

Jan. 5 Received cash from customers on account, $2,500.

Dr Cash 2,500

Cr Accounts receivable 2,500

Jan. 6 Owner withdrew $1,010.

Dr Withdrawals 1,010

Cr cash 1,010

Jan. 7 Received telephone bill, $900.

Dr Utilities expense 900

Cr Accounts payable 900

Jan. 8 Paid telephone bill, $900.

Dr Accounts payable 900

Cr Cash 900

7 0

3 years ago

Although it is generally the case that service systems have enough capacity, waiting lines result when __________ exceeds capaci

ratelena [41]

Answer:

Demand

Explanation:

Service systems are available to facilitate the customers. Similarly, service systems are designed in such a way to have enough capacity to assist numerous people. When there is an increase in the demand it leads to demand exceeds capacity, and from here the waiting line problem starts. Only a sudden increase in demand can lead to waiting line issue, and the problem is resolved as soon as demand decreases.

7 0

3 years ago

What is revenue on an income statement? Select one:

Snezhnost [94]

Answer:

Without knowing your options to select from......

Explanation:

It is the top line or gross income figure from which costs are subtracted to determine net income. Sales Revenue formula. Revenue is also known as sales on the income statement.

6 0

4 years ago

Molly decided to try and save money on her textbooks this semester. Instead of buying new books at the campus bookstore, Molly d

Rus_ich [418]

Answer:

Does Jack have a negotiable instrument and can he collect from Molly? Why or why not?

Jack does not have a valid negotiable instrument and cannot collect from Molly because the book was not "correct" since it was no longer used in the business law class. Molly should return incorrect book to Pat though. In this contract, neither party performed.

How about Richard?

Tim's oral agreement with Molly is valid since the amount is only $40 and Tim can assign it to Richard, but the assignment must be written. Without a written assignment of the debt, Richard cannot collect any money.

And Sam?

Sam does have written agreement that can be legally enforceable. Although the costs and time of enforcing the contract are probably higher than the DVD (consideration).

7 0

4 years ago

Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theorie

Anestetic [448]

Explanation:

In Marcelle's case she is affected by Cyclical unemployment unemployment which arises when people lose their jobs as a result of market contraction or downturn in aggregate demand in the economy.

Dominic's cause of unemployment is called voluntary unemployment, which occurs when an individual decides to leave his job to seek another job elsewhere. Often times this individuals feel that they may get better compensation or wages in another location.

Francine has just experienced Seasonal unemployment which occurs when an individual is unemployed because the industry in which they work only render services in certain times of the year such as summer or winter.

Beauvoir has been affected by structural unemployment, which happens when an individual becomes unemployed because the company decides to change the structure of it's labor force, eg from manual labor to digitalization of the work environment.

Therefore, all individuals except Dominic is qualified for unemployment benefits, because Dominic decided to quit his job not due to reasons beyond his control, like a layoff.

6 0

3 years ago