Answer:
- 1. Paid $38 for an oil change.
$38 Maintenance Expenses - DEBIT
$38 Cash - CREDIT
- 2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.
$564 Delivery Trucks - DEBIT
$564 Cash - CREDIT
Explanation:
1. Paid $38 for an oil change
$38 Maintenance Expenses - DEBIT
$38 Cash - CREDIT
An oil change it's just an expenses of maintenance, which goes as General Expenses directly to the Income Statement.
2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.
$564 Delivery Trucks - DEBIT
$564 Cash - CREDIT
The installations of shelving units it's an improvements in the company's fixed assets, therefore, assets improvements are activated as fixed assets in the non-current assets section of the balance sheets.
Answer: A- Revenue under the installment sales method, as soon as it has assisted Steffi in setting up the store.
Explanation: The installment sales method is a method of accounting accepted under the US Gaap. It is a method were revenue is recorded in instalments and the cost of sales and gross profit recognised upon the collection of the installment revenue.
It is a method of accounting used mainly by construction companies whose revenue are not received once but in installments.
Answer:
The bank will be able to lend:
$42,105,263 ($8 million/ 0.19)
Explanation:
The above amount which the bank can lend from the $8 million received from the Federal Reserve for a customer is a function of $8 million deposit in a customer's account and the reserve ratio. This is called the money multiplier.
The money multiplier is the amount of money that banks generate with each dollar of reserves. Reserves is the amount of deposits that the Federal Reserve requires banks to hold and not lend. The level of Reserves and deposit liabilities determine the amount a bank can lend out.
The process by which banks create more money than the physical money is called money creation. This shows that a bank creates more money in the economy through its lending activities.
Answer:
C) producers to supply more and consumers to buy less.
Explanation:
The typical supply curve is upward-sloping (higher price leads to higer quantity supplied) and the typical demand curve is downward sloping (higher price lower quantity demanded).
Price is a measure of how much one good can be exchanged for other things. Production incurred cost (tend to rise as more resources become harder to obtain) so to supply more suppliers will demand higher price. Purchasing higher price good means consumers have less money (less of other goods can be bought) consumer will buy less good at higher price.
Answer:
The correct answer is d. enriched.
Explanation:
The enrichment of tasks is a system that seeks to redesign jobs, increasing motivation and job satisfaction among workers. Therefore, the main objectives of the enrichment of the tasks are:
-
Increase the effectiveness of work organization.
- Provide jobs that are stimulating for the person.
The advantages achieved by implementing this system in the organization of the company are:
-
Feeling of satisfaction and motivation among workers: it breaks with the monotony and / or repetitiveness of the work.
- Workers are given a greater capacity for autonomy and responsibility in the tasks they carry out: as responsibility increases, workers may be encouraged to participate more frequently in decision-making, as well as in the solution of technical or organizational problems (proposals and suggestions).
- Better use of workers' capacities: with the new distribution of tasks, synergies may arise during collaboration between departments or even within the same.
- Improvement of personal relationships at work: greater collaboration during the performance of different tasks leads to increased communication and dialogue among all, thus achieving a better working environment.
- Greater involvement of workers: it is necessary that individuals know their role within the organization, the importance of the task they perform, as well as the results of it.
- Simplification of company structures: by redesigning jobs and their functions, a simplification of the organizational pyramid is achieved, resulting in a horizontal structure or flat organization. This allows workers to make their own decisions that report to a single manager, there is no intermediate link that limits the innovative capacity of the worker.
