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3 years ago

Job descriptions are a key prerequisite for any performance management system because

1 answer:

7 0

Job descriptions are a key prerequisite for any performance management system because they provide the criteria that will be used in measuring<span>performance.
These job descriptions will give you all information you need to see how your performance is going to be measured. So it is important to include them to make things easier for you, so that you can know whether or not to apply for that particular position.
</span>

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Journalize the following transactions in the general journal: Sept. 1 Sold common stock for cash $60,000. 1 Paid rent for the mo

faust18 [17]

Answer: See explanation

Explanation:

September 1:

Debit Common stock $6000

Credit: Cash $60000

September 1:

Debit: Rent $1500

Credit: Cash $1500

September 3:

Debit: Cash $10000

Credit: Note payable $10000

September 3:

Debit: Cleaning Equipment $5,500

Credit: Cash $3,000

Credit: Account payable $2,500

September 4:

Debit: Supplies $4200

Credit: Cash $4200

September 10:

Debit: Cash $3500

Credit: Service revenue $3500

September 21:

Debit: Account receivable $3800

Credit: Service revenue $3800

September 23:

Debit: Account payable $2500

Credit: Cash $2500

September 28:

Debit: Bank $2800

Credit: Account receivable $2800

September 29:

Debit: Electricity expense $85

Credit: Electricity payable $85

September 30:

Debit: Wages $1950

Credit: Cash $1950

September 30:

Debit: Gasoline $275

Credit: Cash $275

September 30:

Debit Dividend $900

Credit Cash $900

3 0

2 years ago

Sana gill deposited $3,500 into a new business checking account to begin her new bookkeeping firm, gill bookkeeping. this busine

OLga [1]

Sana Gill deposited $3500 into a new business checking account to begin her new bookkeeping firm, Gill Bookkeeping. This business transaction would increase the company's cash, and increase Sana Gill's Capital.

<h3>A business transaction is what?</h3>

A financial exchange of commodities, money, or services between two or more people is referred to as a business transaction. A commercial exchange must have a measurable monetary value in order to be considered a transaction for accounting purposes. Business dealings will have an impact on the company's finances.

A long-term service contract might be as complicated as a business transaction, or it can be as simple as a cash purchase. The following requirements must be met for a transaction to qualify as a commercial transaction:

The deal can be valued financially.

The company and the third party engage in the transaction.

The deal is made on behalf of the company and not for a person's personal benefit.

To know more about "Business transaction" , visit : brainly.com/question/19512243

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4 0

1 year ago

Without prejudice to your solution to part (a), assume that you computed the June 30, 2020, inventory to be $60,480 at retail an

nataly862011 [7]

Answer:

The June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method:

$65,318.40

Explanation:

a) Data and Calculations:

June 30, 2020 Inventory = $60,480 at retail

Ratio of cost to retail = 68%

Inventory at cost = $41,126.40 ($60,480 * 68%)

General price level increase from 100 to 108

Inventory at the June 30 price level under the dollar-value LIFO retail method:

Inventory at cost = $44,416.50 ($41,126.40 * 108/100)

Inventory at retail = $65,318.40 (44,416.50/68%)

3 0

3 years ago

An investor agreed to sell a warehouse five years from now to the tenant who currently rents the space. The tenant will continue

salantis [7]

Answer:

Net present value of $168,953.93

Explanation:

We will calculate the present value of the cash flow at the investor's rate of return.

First we have the annuity of 20,000 during 5 years

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C = 20,000

time = 5

rate = 10

$20,000 \times \frac{1-(1+0.10)^{-5} }{0.10} = PV\\$

PV = 75,815.73539

Then we calculate the present value of the final payment of 150,000

$\frac{Nominal}{(1 + rate)^{time} } = PV$

Nominal = 150,000

rate = 0.1

time = 5

$\frac{150,000}{(1 + 0.10)^{5} } = PV$

PV = 93,138.198459

<u>We add both together: </u>And get the present value

75,815.73 + 93,138.20 = 168,953.93

4 0

3 years ago

Suppose that Italy and Switzerland both produce fish and stained glass. Italy's opportunity cost of producing a pane of stained

weqwewe [10]

Answer:

Italy has comparative advantage in production of stained glass

Sweden has comparative advantage in pounds of fish.

Italy can gain from trade if it receives more than 4 pounds of fish for stained glass.

Sweden can gain from the trade if it receives more than 1/10 stained glass for every pound of fish.

d. 6 pounds of fish per pane of stained glass.

Explanation:

Italy and Sweden both countries can produce stained glass and pounds of fish. Italy can produce 4 pounds of fish per pane of stained glass while Sweden can produce 10 pounds of fish per pane of stained glass. This means Italy has comparative advantage in production of pane of stained glass while Sweden has comparative advantage in pounds of fish.

3 0

3 years ago