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svp [43]
4 years ago
14

Exercise 7-6 presented below is information from metlock computers incorporated. july 1 sold $26,200 of computers to robertson c

ompany with terms 3/15, n/60. metlock uses the gross method to record cash discounts. metlock estimates allowances of $1,225 will be honored on these sales. 10 metlock received payment from robertson for the full amount owed from the july transactions. 17 sold $274,000 in computers and peripherals to the clark store with terms of 2/10, n/30. 30 the clark store paid metlock for its purchase of july 17. prepare the necessary journal entries for metlock computers. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
Business
1 answer:
solmaris [256]4 years ago
4 0

these sales. 10 metlock received payment from robertson for the full amount owed from the july transactions. 17 sold $274,000 in computers and peripherals to the clark store with terms of 2/10, n/30. 30 the clark store paid metlock for its purchase of july 17. prepare the necessary journal entries for metlock computers. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

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Explain instances which render leadership unnecessary
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Leadership is not needed when:

  • It will make processes inefficient due to time wasting
  • It is being used to oppress people
  • Subordinates don't need leadership

Leadership is usually quite good as it can galvanize subordinates to be better workers due to better organization as well as inspiration.

There are instances where it is not needed however such as when:

  • It slows down processes - sometimes leaders will need to give permission for a subordinate to do something. If this thing is time conscious and the leader is not available to give their ascent, the whole process could suffer.

  • It oppresses people - when a leader is an oppressive one and acts in such a way that their subordinates suffer, that leadership is not needed.

  • Subordinates are fine without it - sometimes workers have the necessary skills and experience to operate independently without a leader. In such a case, a leader is not needed.

In conclusion, while a leader is quite important in many ways, there can be situations where it is best that they are not used.

<em>Find out more at brainly.com/question/24150490.</em>

3 0
3 years ago
Explain the reason why socio economic issues pose challenge to business​
serious [3.7K]

Answer: Gambling iis an issue here are some reasons why

Explanation:

Gambling means to bet on something of which the outcome is not sure.

It can take on form of playing games in the hope that some money could be won.

Although gambling is legal, it gives false hope.

8 0
3 years ago
The present value of lease payments should be used by the lessee in determining the amount of a lease liability under a lease cl
Scorpion4ik [409]

Answer:

Finance Lease Yes Operating Lease Yes

Explanation:

The lease payments present value should be used for measuring the liability under a capital lease. In the case of the operating lease, the liability when occured at the time when the rent expense should be recorded but not be paid. In addition to this, it is recorded at the actual value of cash that should be paid not the present value

Therefore the first option is correct

8 0
3 years ago
Sears department stores used to plant employees in competitor stores to perform research and analysis. Recently the company impl
MariettaO [177]

Answer:

The correct answer is shopping bot.

Explanation:

A bot (robot apheresis) is a computer program that automatically performs repetitive tasks over the Internet, whose realization by a person would be impossible or very tedious.

Some examples of bots are the web crawlers of Internet search engines, which run through websites automatically and collect information from them much faster and more effectively than a person would. "Good" bots meet robot exclusion standards, which server operators can use to influence a robot's behavior within limits. "Malicious" bots are used, for example, to collect email addresses for advertising purposes, to make unauthorized mass copies of web content or to systematically spy on server software vulnerabilities in order to penetrate them . In social networks, bots are used to simulate human interaction, artificially inflating the number of visits or followers, or automating responses to position messages or influence debates. The so-called conversational bots are artificial intelligence systems that simulate a conversation with a person using natural language.

3 0
3 years ago
A company's product sells at $12.30 per unit and has a $5.45 per unit variable cost. The company's total fixed costs are $96,500
Gelneren [198K]

Answer:

Break-even point in units= 14,088 units

Explanation:

Giving the following information:

A company's product sells at $12.30 per unit and has a $5.45 per unit variable cost. The company's total fixed costs are $96,500.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 96,500/ (12.3 - 5.45)

Break-even point in units= 14,088 units

4 0
3 years ago
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