Answer:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Merchandise $ 760 (debit)
Cash $ 560 (credit)
Equipment $200(credit)
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Cash $270 (debit)
Dividend $530 (debit)
Salaries and Wages $ 800 (credit)
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
Account Payable $470(debit)
Cash $470 (credit)
Explanation:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash
Answer: Option a
Explanation: In simple words, the value of effort and time (or economic cost of effort and time) which individuals spend by keeping less money to offset the inflation tax they pay on cash holdings whenever higher inflation occurs is called shoe leather cost.
Increased cost of shoe-leather is one of the inflationary impacts. In a time of high inflation, individuals are discouraged from keeping large sums of money because their worth is rapidly deteriorating compared to the economy's increasing prices.
Answer: D) A custom built house
Explanation:
Job Order Costing determines the cost of each specific good instead of grouping them all together. When making goods that vary in type, this is the best type of costing method to use as it will take into account the unique cost objects used.
Custom built houses will require cost objects that are different from standadized houses. A specific design will have to be used, non standard material and the like will be used as well. This means that when computing cost, it will have to be specific to the needs of the custom house so it is most probable that Job Order Costing was used.
Answer:
The answer is A) Organic structure
Explanation:
An organic organizational structure can be described as:
- very flexible
- extremely flat reporting structure (horizontal), few layers of management
- a manager usually controls a large number of employees, not much direct supervision
- relies on employees having high interdependence (work as a team)
- adapts well to changes
The top management of Mayer Inc. probably chose an organic organizational structure in order to foster creativity and team work.
Answer:
Emotion, Cultural superstitions, Perceived value, First Impressions, A Home That Tells a Story, Social Proof, The Ideal Lifestyle
Explanation:
There’s no denying that buying a home is a big decision and yet you may be surprised by the number of people who are influenced by factors other than price, resale value and location. From the number of a house to a lick of new paint on the walls, it seems we are influenced by emotion and aesthetic much more than we think
