Which statement explains why people benefit from making a budget?

The following transactions of Houston Pharmacies occurred during 2017 and 2018:

Likurg_2 [28]

Answer:

Please see below for all the journal entries required for Houston.

Explanation:

2017

Jan. 9

Debit: Computer Equipment $9,000

Debit: Interest Expense $630

Credit: Interest Payable ($9,000 x 7%) $630

Credit: Notes Payable $9,000

Jan. 29

Debit: Accounts Receivables ($69,000 x 3/4) $51,750

Debit: Cash ($69,000 x 1/4) $17,250

Credit: Sales Tax Payable ($69,000 x 6%) $4,140

Credit: Sales $69,000

Feb. 5

Debit: Sales Tax Payable $4,140

Credit: Cash $4,140

Jul. 9

Debit: Interest Payable ($9,000 x 7%) $630

Debit: Notes Payable $9,000

Credit: Cash $9,630

Aug. 31

Debit: Inventory $3,000

Debit: Interest Expense $330

Credit: Interest Payable ($3,000 x 11%) $330

Credit: Notes Payable $3,000

Dec. 31

Debit: Warranty Expense ($601,000 x 3%) $18,030

Credit: Accrued Warranty $18,030

Dec. 31

Debit: Interest Payable $330

Credit: Accrued Interest $330

2018

Feb. 28

Debit: Accrued Interest $330

Debit: Notes Payable $3,000

Credit: Cash $3,330

4 0

3 years ago

Which sentence from the contract shown below refers to consideration?

mamaluj [8]

first party is the one that I would do

4 0

2 years ago

Ivan's, Inc., paid $482 in dividends and $586 in interest this past year. Common stock increased by $196 and retained earnings d

Svet_ta [14]

Answer:

$360

Explanation:

We can compute net income to be

The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid.

Where,

Dividend = $482

Change in retained earnings = $122

Hence,

Net income = Dividend - Change in retained earnings

= $482 - $122

Net income = $360

6 0

3 years ago

A corporation is considering expanding operations to meet growing demand. With the capital expansion, the current accounts are e

andre [41]

Answer:

B) a decrease of $40,000

Explanation:

As we Know Working capital is the the net or current assets and current liabilities.

Increase in Current Assets

Cash $20,000

Accounts receivable $40,000

Inventories <u>$60,000</u>

Total Increase in CA $120,000

Increase in Current Liabilities

Accounts payable $50,000

Accruals $10,000

Long-term debt <u>$100,000</u>

Total Increase in CA $160,000

Increase in Working Capital = Increase in Current Assets - Increase in Current Liabilities

Change in Working Capital = $120,000 - $160,000 = -$40,000

As current Liabilities increased more than the current assets, so the working capital will decrease by $40,000

6 0

3 years ago

When Rosalyn comes into the office, she speaks to no one, shuts her door, and is rarely seen again until lunch. She supervises a

nika2105 [10]

Answer:

When Rosalyn comes into the office, she speaks to no one, shuts her door, and is rarely seen again until lunch. She supervises a team of 12 people though. Carmelita has a new idea she would like to share with management, but is unsure if she should take it to Rosalyn. How would you describe this upward communication?

Option B: lacking trust

Explanation:

Upward communication is the process of information or communication channel methods flowing from the front-line or lower levels employees of a hierarchy to transfer messages the upper levels, to managers, like Rosalyn, supervisors and directors. This type of communication is becoming more popular in organizations as traditional forms of communication are becoming less popular but these channels may face significant barriers for employees attempting to send feedback or other communication to higher-level management as trust involves knowing that a partner has your best interest at heart and manager as Rosalyn may not be prompting employee´s trust not having an "open door policy" which enables trust among her employees. It is hard to feel safe and secure when you are involved with someone who would betray your trust. Not only is trust important, but a lack of trust, distrust, doubt, doubtfulness, dubiety, dubiousness, incertitude, question, skepticism, suspicion, uncertainty, wonder leeriness, suspicion and lack of conviction or certainty often leads to lying, deception or unwillingness which makes subordinates not to send the information to their superior willingly. Manager who are not open cause fear of inefficiency therefore, the communication system may be disrupted.

Upward communication helps employees to express their requirements, ideas, and feelings. For the top management, upward communication is an important source of information for business decisions. It helps in alerting top management about the requirement of changes in an organisations.

6 0

3 years ago