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2 years ago

When using the ice-point method to calibrate a thermometer, you should:

1 answer:

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Your thermometer should be reading 32 degrees Fahrenheit after 30 seconds. If it’s not, it needs to be recalibrated. The ice point method is the most accurate way to calibrate a thermometer. I hope that helps.

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Why are free market economies able to grow?

Neko [114]

Free market economy is a system that is solely based on the supply and demand and that there is very little or no governmental control at all. This type of government is able to grow because of its flexibility depending on the needs of the consumers and not on the imposed law by authorities.

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2 years ago

Celestin Manufacturing Company incurred $5,000 of depreciation on its manufacturing equipment during its first year of operation

KengaRu [80]

Answer:

A. $5,000 of depreciation expense on its income statement.

Explanation:

Assuming the company uses straight line method of depreciation, then cost of depreciation is $5,000 each year.

Now, under the income statement as per GAAP, the cost of goods sold only includes the direct cost associated with manufacturing the product.

It does not included fixed cost like depreciation.

As the depreciation is fixed and does not depend on number of units produced and sold, the depreciation to be charged in income statement = $5,000.

Therefore, the correct option is

A. $5,000 of depreciation expense on its income statement.

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3 years ago

On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019. Bank statement from the bank?s Web

Radda [10]

Answer:

Required 1.

Bank Reconciliation Statement as at 31 July

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Required 2.

Journal Entries :

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

Check 1425 $30 (debit)

Cash $30 (credit)

Explanation:

The first step is to update the Cash Book Bank Balance as follows :

Debit :

Balance as at July 31 $14,183

Credit Transfer : Foncier Ricard $14,300

Totals $28,483

Credit:

Check 1425 understated ($99 - $69) $30

Direct Debit : Central Common $261

Cash Book Updated Balance (Balancing figure) $28,192

Totals $28,483

Then prepare a Bank Reconciliation Statement as at 31 July :

Bank Reconciliation Statement as at 31 July

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Journal Entries :

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

Check 1425 $30 (debit)

Cash $30 (credit)

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3 years ago

How presenting a professional image through appearance, behavior, and language assists in finding employment?

Kamila [148]

Answer:

Professional image is mandatory in finding the employment.

Explanation:

Presenting a professional image plays an important role in finding employment. It is our behavior, appearance, and way of communicating that help in attracting employment.

If our appearance is not appealing and our communication skills are weak and our behavior is not as per the requirements of the job then we might face difficulty in getting a job. Professional presentation is vital and expected by the person recruiting the employees.

8 0

2 years ago

Which of the following tools is an example of monetary policy?

loris [4]

Answer:

Explanation:

B C and D have become tools that have been tried.

Deficit spending is a budget/government policy. Its use should be very limited.

Same with Increased Government Spending. FDR was the master at controlled government spending.

Reducing income taxes is another government policy.

So only A is an example of monetary policy. This is a regulation imposed on the Banks by the Federal Reserve.

4 0

3 years ago

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