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MrRissso [65]
4 years ago
8

A client might overstate December 31 accounts receivable balances by dating and recording January transactions in December. Such

entries recorded in which journal are most likely to achieve this end?A. Cash receipts.B. Payroll.C. Purchases.D. Sales.
Business
1 answer:
OlgaM077 [116]4 years ago
7 0

Answer:

D. Sales.

Explanation:

Account receivable: Account receivable is that account in which the goods and services are given on a credit basis not on credit basis by the company to the customers. It is shown under the balance sheet in the current asset side.  

Since the client may have overstated account receivable balance. So, this will entry would be recorded in the sales journal As, the credit sales are made, so, it is recorded in the sales journal only. No other journals would be used

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The loan amount (principal) is $50,000 and the annual interest paid is $5,500. What is the annual interest rate
Mumz [18]

Answer:

The interest rate is 11%

Explanation:

The loan amount = $50000

Interest amount = $5500

Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.

Let the interest rate = x

Principal × interest rate = Interest amount

$50000 × r = $5500

r  = $5500 / $50000

r = 0.11 or 11%

The interest rate is 11%

5 0
3 years ago
Guys please help, List the economic activities to delivering evening news bulletin to your television or radio​
saul85 [17]

Economic Activities are the actions related to the production, distribution, and exchange of goods and services. So for an evening news bulletin on TV or radio, some examples are:

  • The service of the reporters who research a story and check facts
  • The cost of paper and materials used in the newsroom
  • The equipment that establishes a TV or radio signal and broadcasts it out to people
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4 0
3 years ago
What tips should you remember when creating a successful cover letter? Check all that apply.
Furkat [3]

Answer:

a. Use a traditional letter style

c. Proofread several times.

Explanation:

The cover letter is the letter in which the person describe himself or herself with respect to their qualifications, interest, strength, weakness, achievements so that the interviewer could get a better idea about the person who is giving the interview

While creating a cover letter as a successful he or she needs to use a letter style which is to be traditional plus he or she proofread several times as it there is any mistake so it could be edited

7 0
3 years ago
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble (PG), a
Brrunno [24]

Answer:

Explanation:

The direct material cost is the cost which is incurred for the raw material

The direct labor cost is the cost which is incurred to pay the wages to assembly workers, the labor cost, etc

And, the factory overhead cost is the indirect cost which is required at the time of producing the product. Example - depreciation, repairs & maintenance, etc

So, the categorization is shown below:

a. Depreciation on assembly line equipment in the Mehoopany, Pennsylvania, paper products plant = factory overhead cost

b. Licensing payments for use of Disney characters on children products = factory overhead cost

c. Maintenance supplies = factory overhead cost

d. Packaging materials = direct material cost

e. Paper used in bath tissue  = direct material cost

f. Plant manager salary for the Iowa City, Iowa, plant = factory overhead cost

g. Resins for body wash products =  direct material cost

h. Salary of process engineers =  factory overhead cost

i. Scents and fragrances used in making soaps and detergents  = direct material cost

j. Wages of production line employees at the Pineville, Louisiana, soap and detergent plant = direct labor cost

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3 years ago
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Answer:

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3 years ago
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