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3 years ago

9

When recording transactions in two or more accounts and the totals of the debits and credits are equal, it’s called A. debiting.

B. crediting. C. posting. D. double-entry bookkeeping.

1 answer:

zepelin [54]3 years ago

4 0

D. double entry bookkeeping

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Andy, a salesperson for Fashion Seal Uniforms, tells the owner of a retirement home about the importance of caregivers having cl

choli [55]

Answer:

Exploration

Explanation:

The exploration phase of the relationship development process occurs when both parties (seller and buyer) test the actions of the other party. Both parties will explore or try how the business relationship may develop, since they are not committed yet to start a relationship.

The owner accepted to purchase a small number of uniforms to try how good or bad they are. Andy is also testing if what the owner says is true about opening new centers and needing a lot of uniforms before making an offer for a larger lot.

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3 years ago

The intent of corporate advertising is to make sure that all of a company's products are seen in a common, positive manner. True

evablogger [386]

Answer:

False since the intent of corporate advertising is usually done to ensure that the perception of the company's image is positive.

Explanation:

Corporate advertising is usually done to ensure that the perception of the company's image is positive. The products under the corporation is not a priority in this case, rather its is the company as a whole that needs to be viewed in good light.

This kind of advertising forms part of the public relations techniques used by the company or institution to improve its public image. There are so many companies with different brands under them that utilize this advertising technique to improve their standing in the public eye. It is a way of making the company itself to be a brand by advertising the company as a package.

These companies always want to prove that they care more about the public than they care for the products, in this way they create the perception that the company is primary and anything else is secondary.

Cooperate advertising is majorly used in companies whose business activities have a negative effect to the public. Cooperation that engage in mining activities or activities that affect the environment are likely to utilize this form of advertising.

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3 years ago

Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as

LekaFEV [45]

Answer:

<u>Dingo should reject this project </u>

<u />

Explanation:

sales - operating expenses = controllable margin

controllable margin/operating asset = return on assets

100,000 sales - 86,000 expenses = 14,000

14,000/200,000 = 0.07 = 7%

This project yield 7% which is lower than Ding required rate of return of 9%

Dingo should reject this project of finance it through a lower cost of capital.

4 0

3 years ago

A note payable was executed by Sterling Inc. to Miami Finance Company. Sterling Inc. used $768,000 of its accounts receivable as

denpristay [2]

Answer:

See all the entries below.

Explanation:

a. Record the entry for Sterling to record the secured borrowing.

The entries will look as follows:

<u>Account Name Debit ($) Credit ($) </u>

Cash (768,000 * 85%) 652,800

Note Payable 652,800

<em><u>(To record the secured borrowing.) </u></em>

b. Record the entries for Sterling to record (1) the collections and (2) the payment to Miami for the first month.

The entries will look as follows:

<u>Account Name Debit ($) Credit ($) </u>

Cash 504,320

Refund Liability 20,480

Accounts Receivable 524,800

<u><em>(To record collection on receivables for first month.) </em></u>

Interest Expense 4,480

Note Payable 499,840

Cash 504,320

<u><em>(To record payment to Miami for the first month.) </em></u>

c. Record the entries for Sterling to record (1) the collections for the second month and (2) the final payment to Miami.

The entries will look as follows:

<u>Account Name Debit ($) Credit ($) </u>

Cash 238,080

Allowance for Doubtful Debt 5,120

Accounts Receivable (w.1) 243,200

<u><em>(To record collection on receivables for second month Interest.) </em></u>

Expense 1,920

Note Payable 151,040

Cash (w.2) 152,960

<u><em>(To record final payment to Miami.) </em></u>

Workings:

w.1: Accounts Receivable = Amount of accounts receivable as collateral – Cash received from customer = $768,000 - $524,800 = $243,200

w.2: Cash = Loan - First payment for principal = $652,800 - $499,840 = $152,960

3 0

3 years ago

What do you call a person who calls your bank or other financial institution pretending to be you or someone else who is authori

frosja888 [35]

A pretexter is a person who calls your bank or other financial institution pretending to be you or someone else who is authorized on the account.

What is pretexting?

Pretexting is the act of creating and using an invented scenario (the pretext) to engage a targeted victim in a manner that increases the chance the victim will divulge information or perform actions that would be unlikely in ordinary circumstances.
An elaborate lie, it most often involves some prior research or setup and the use of this information for impersonation (e.g., date of birth, Social Security number, last bill amount) to establish legitimacy in the mind of the target.
As a background, pretexting can be interpreted as the first evolution of social engineering, and continued to develop as social engineering incorporated current-day technologies. Current and past examples of pretexting demonstrate this development.
This technique can be used to fool a business into disclosing customer information as well as by private investigators to obtain telephone records, utility records, banking records and other information directly from company service representatives.
The information can then be used to establish even greater legitimacy under tougher questioning with a manager, e.g., to make account changes, get specific balances, etc.
Pretexting can also be used to impersonate co-workers, police, bank, tax authorities, clergy, insurance investigators or any other individual who could have perceived authority or right-to-know in the mind of the targeted victim.
The pretexter must simply prepare answers to questions that might be asked by the victim. In some cases, all that is needed is a voice that sounds authoritative, an earnest tone, and an ability to think on one's feet to create a pretextual scenario.

To learn more about Pretexting: brainly.com/question/10311345

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1 year ago