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4 years ago

On January 1, 2017, the ledger of Accardo Company contains the following liability accounts.

Business

1 answer:

JulsSmile [24]4 years ago

3 0

Answer:

Cash 21,492 debit

Sales Revenue 19,900 credit

Sales tax payable 1,592 credit

Unearned Service Revenue 10,000 debit

Service Revenue 10,000 credit

Sales tax payable 7,100 debit

Cash 7,100 credit

Accounts Receivables 48,600 debit

Sales Revenues 45,000 credit

Sales tax payable 3,600 credit

Cash 29,250 debit

Notes Payables 29,250 credit

Cash 12,744 debit

Sales Revenues 11,800 credit

Sales tax payable 944 credit

interest expense 156 debit

interest payable 156 credit

warranty expense 340.2 debit

warrnaty liability 340.2 credit

Explanation:

21,492 / (1 + 0.08) = 19,900 sales revenue

21,492 - 19,900 = 1,592 sales tax

900 x 50 = 45,000

45,000 x 0.08 = 3,600

12,744 / 1.08 = 11,800

12,744 - 11,800 = 944

interest on the note:

29,250 x 0.08 x 6days / 90 days = 156

warranty liability:

48,600 x 7% expected warranty cost = 340.2

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Answer:

E, true values, ethical decision making

Explanation:

Ethical work climate can be defined as the acceptance or inculcation of the notion of right and wrong within an organization.

In an Ethical Working climate, the true values and the decision making skills of the members of the organization are reflected.

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Answer:

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3 years ago

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Ghella [55]

Answer:

Stakeholder

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A stakeholder may be in form of an individual, group or organization who is affected by the result of a venture. They have an enthusiasm for the accomplishment of the venture, and can be inside or outside the association that is supporting the undertaking. Partners can impact the venture.

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3 years ago

b) Upscale hotels in the United States recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates

Alborosie

It is to be noted that the company is not allocating resources efficiently. See the attached image for the Graphically illustration required.

<h3>What is allocation of resources?</h3>

This is simply the ability to efficiently distribute resources across all aspects of production.

<h3>What is the proof that the company is misappropriating resources?</h3>

MRS is the gradient of the budget line is defined by the change in the Y axis divided by the change in the x axis.

In other words, MRS is the number of units of x that a customer is ready to give up in exchange for units of y.

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-dy/dx

= -10.6/6.25

= -1.6, that is media 1.6 units of media is given for every unit of business travel.

However, the corporation claims that the MRS is -1, which indicates that for every unit of business trip, they give away one unit of media. In other words, they are paying a price equal to the cost of business travel, resulting in a resource misappropriation.

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2 years ago

Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $210,000 and accumulated deprecia

dezoksy [38]

Answer: Gain of $12,000

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First off, what was the Net book value of the old sailboat?

= Cost Price - Accumulated Depreciation

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What they should have received as the trade in allowance was the NBV of $126,000. Since they didn't they got a gain of,

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