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Evgesh-ka [11]
3 years ago
13

Both James and Thomas have theories that explain why listening to classical music while reading is associated with increased rec

all of the material. James's theory is much simpler than Thomas's. Thomas created his theory a few months before James did. Which of the following is true?
James's theory would be considered better because it is more parsimonious.
James's theory would be considered better because it was thought of more recently.
Thomas's theory would be considered better because he thought of it first.
Thomas's theory would be considered better because it is more complex.
James's and Thomas's theories should be considered equal.
Business
1 answer:
Vlad [161]3 years ago
5 0

Answer:

James's theory would be considered better because it is more parsimonious.

Explanation:

James and Thomas both created theories which explain why listening music helps to remember things. Both theories are similar, but James theory is simpler to understand, and it's old compared to Thomas's theory. That is why James theory will be considered original and way better because it is easier to understand, and it's more parsimonious

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Liang Company began operations on January 1, 2017. During its first two years, the company completed a number of transactions in
erica [24]

Answer:

Liang Company

Journal entries to record Liang’s 2017 and 2018 summarized transactions and its year-end adjustments to record bad debts expense (using the perpetual inventory system and applying allowance method for accounts receivable)

1. 2017 Journal entries:

Debit Accounts Receivable with $1,351,700

Credit Sales Account with $1,351,700

To record sales on credit, terms n/30.

Debit Cost of Goods Sold with $981,800

Credit Inventory Account with $981,800

To record cost of goods sold.

Debit Uncollectible Expense Account with $2,150

Credit Accounts Receivable with $2,150

To write off uncollectible accounts receivable.

Debit Cash with $670,400

Credit Accounts Receivable with $670,400

To record cash received on account.

December 31:

Debit Uncollectible Expense Account with $20,374.50

Credit Allowance for Uncollectible Account with $20,374.50

To record 3% allowance for accounts receivable balance.

2. 2018 Journal entries:

Debit Accounts Receivable with $1,586,800

Credit Sales Account with $1,586,800

To record sales on credit, terms n/30.

Debit Cost of Goods Sold with $1,326,300

Credit Inventory Account with $1,326,300

To record cost of goods sold.

Debit Allowance for Uncollectible Account with $25,300

Credit Accounts Receivable with $25,300

To write off uncollectible accounts receivable.

Debit Cash with $1,182,900

Credit Accounts Receivable with $1,182,900

To record cash received on account.

December 31:

Debit Uncollectible Expense Account with $36,658

Credit Allowance for Uncollectible Account with $36,658

To bring the allowance for accounts receivable balance to 3%.

Explanation:

1. Using the perpetual inventory system where transactions are recorded to inventory immediately and not at period-end, the sales transactions will reduce the balance of the inventory account with the cost of sales and increase the cost of sales with the same amount.  The Sales account is increased by sales value while the Accounts Receivable is also increased with the same amount.

2. The write-off is initially charged to the uncollectible expense account directly in 2017 but subsequently, it will be debited to the Allowance of Uncollectible account, applying the allowance method.

3. The perpetual inventory system, inventory transactions are recognized in the inventory and cost of goods sold accounts immediately and not at period-end like the periodic inventory system, which waits until inventory count to recognize transactions.

7 0
3 years ago
Which important biochemical process receives a supply of nad ions from the fermentation process during anaerobic respiration?
Alexxandr [17]

Answer:

Glycolysis

Explanation:

Glycolysis is the process that receives a supply of NAD+ ions from the fermentation. When cells need energy but there is no oxygen for aerobic respiration than anaerobic respiration takes place.

5 0
2 years ago
Coronado Inc. had beginning inventory of $12700 at cost and $20900 at retail. Net purchases were $113930 at cost and $158500 at
aalyn [17]

Answer:

<u><em>Ending Inventory:</em></u> <em>21,267.70</em>

Explanation:

                cost   retail  

beginning        12,700    20,900

purchases   113,930   158,500

markups                9,600  

markdowns               (7,400)

total                 126,630    181,600  

inventory to retail ratio: 126,630 / 181,600 =  0.6973

sales revenues   151,100  

COGS: 151,100 x 0.6973 =  105,362.30

<u><em>Ending Inventory:</em></u> 126,630 - 105,362.30 = <em>21,267.70</em>

3 0
3 years ago
Which following statement about FAFSA process are TRUE?
aleksklad [387]
FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective college students  in the United States to determine their eligibility for student financial aid. Hope this helps.
3 0
3 years ago
The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assis
velikii [3]

Answer:

The University of Dental Health (UDH)

Functions                                           Type of Center

Accounting                                         Cost Center

Bookstore                                           Profit Center

Cafeterias                                           Profit Center

Career services                                  Cost Center

Community workshops                      Profit Center

(providing

continuing professional

education necessary for

state licensure)

Custodial services                              Cost Center

Financial aid                                        Cost Center

Human resources                              Cost Center

Information technology                     Cost Center

Residence halls                                  Profit Center

Student parking lots (fee based)      Profit Center

University newspaper/radio station Cost Center

Explanation:

The UDH's cost center is a department or function that does not directly contribute to its profitability but costs it money to operate its activities. A profit center, on the other hand, directly contributes to the University's profitability by generating revenue through its activities.  Please, note that the dividing line is thin.  The determinant factor depends on the choices and efforts made by an organization's management to commercialize some of its internal services.

3 0
3 years ago
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